From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Monday, November 11, 2013 5:31 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update


 
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.

 

 

Let's Check the Markets!  

   

 

Today's First Look:  

 

Ron on RON Markets as heard on K101  

mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.

 

 

We have a new market feature on a daily basis- each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS Futures- click here for the report posted yesterday afternoon around 3:30 PM. 

 

 

 

Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.

 

Canola Prices:  

Cash price for canola was $9.09 per bushel- based on delivery to the Northern AG elevator in Yukon Friday. The full listing of cash canola bids at country points in Oklahoma can now be found in the daily Oklahoma Cash Grain report- linked above.

 

Futures Wrap:  

Our Daily Market Wrapup from the Radio Oklahoma Network with Jim Apel and Tom Leffler- analyzing the Futures Markets from the previous Day.

 

Feeder Cattle Recap:  

The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.

 

Slaughter Cattle Recap: 

The National Daily Slaughter Cattle Summary- as prepared by the USDA.

 

TCFA Feedlot Recap:  

Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

 

Oklahoma's Latest Farm and Ranch News

Presented by
   
Okla Farm Bureau      


Your Veteran's Day Update from Ron Hays of RON
   Monday, November 11, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
 yieldsupYields Up, Acreage Down in Latest USDA WASDE and Crop Production Reports

 

The November World Agricultural Supply and Demand Estimates report released by the Agriculture Department shows increased supplies of corn- based on USDA's increases in crop production also released this past Friday.

  

Projected U.S. feed grain supplies for 2013-14 are raised with higher estimated beginning stocks and increases in corn and sorghum production with the November Crop Production report. Corn production is forecast 146-million bushels higher at a record 13.989-billion bushels. A 1.9-million-acre reduction in harvested area is more than offset by a 5.1-bushel-per-acre increase in the forecast yield. At 160.4-bushels per acre - the national average yield remains 4.3-bushels per acre below the record in 2009-10.  

 

"The seasonable fall weather across much of the nation helped late-planted crops develop and increased yield projections from the September report," explained Todd Davis, American Farm Bureau Federation economist.  (You can read more about the WASDE report and find a link to the full report by clicking here.)

 

On the heels of the increased corn projections, the USDA's Crop Production report  revised

the acreage planted to corn this season to 95.3 million acres, down 2 percent from the previous estimate. Despite the decrease, however, production forecast remained high due to high forecasted yields.   

 

 

The weather also remains good for harvest so far this year, allowing growers to harvest 73 percent of the corn crop by November 3, which is 2 percentage points ahead of the 5-year average harvest rate.

The Crop Production report also reduced the planted area for soybeans to 76.5 million acres, down 1 percent from the previous forecast. Just as with corn, however, favorable weather conditions account for higher pod counts compared with the 2012 yield. Soybean yields are expected to average 43.0 bushels per acre, with the final production forecast at 3.26 billion bushels. If realized, this will be the third largest production year on record. (
Click here for more of this story and for a link to the Crop Production report.)

 

 

Sponsor Spotlight 

 

 

 

Midwest Farm Shows is our longest running sponsor of the daily farm and ranch email- they say thanks for your support of the springtime Southern Plains Farm Show in Oklahoma City.  And- they are excited to remind you about the Tulsa Farm Show.  The dates are December 12-14, 2013.   Click here for the Tulsa Farm Show website  for more details about this tremendous farm show at Tulsa's Expo Square (Now the River Spirit Expo Square). Now is the perfect time to call Midwest Farm Shows and book space at the premiere Farm Show in Green Country- The Tulsa Farm Show.  Call Ron Bormaster at 507-437-7969.  

 

 

 

 

It is great to have as a regular sponsor on our daily email Johnston Enterprises- proud to be serving agriculture across Oklahoma and around the world since 1893. Service was the foundation upon which W. B. Johnston established the company. And through five generations of the Johnston family, that enduring service has maintained the growth and stability of Oklahoma's largest and oldest independent grain and seed dealer. Click here for their website, where you can learn more about their seed and grain businesses. 
   

 

traderssurprisedTraders Surprised by Friendlier than Expected USDA Reports 

 

The USDA's World Agriculture Supply and Demand Estimates and Crop Production reports out today were't exactly "bullish" to most traders, but they were friendlier than had been expected. The data reveals higher yields and production but not high enough to keep the market from selling off- Friday's settlements showed soybean gains of 27 to 29 cents per bushel and corn futures higher by six to seven cents per bushel.

Rich Nelson from Allendale says that traders had expected increases in the ending stocks, but they paid particular attention to the production reports.  Traders were not as surprised with the increase in yields for corn and soybeans as they were in the USDA's reduction in the number of acres both planted and harvested.

 

They were also somewhat surprised in only slight increases in the ending stocks which were not enough to characterize them as bullish, Nelson said.

 

You can watch Rich Nelson's full analysis on our website by clicking here

 

  

OklahomaCropsMost Oklahoma Spring Planted Crops Show Higher Production Levels in 2013 Versus 2012  

 

With the exception of the 2013 Oklahoma Peanut crop, the spring planted crops that are tracked by USDA have checked in at much higher levels for 2013 compared to the drought impacted growing season of 2012.

  

Specifically- here is what Wil Hundl and his Oklahoma NASS staff reported on Friday:

  

 

Production of corn for grain is forecast at 39.4 million bushels, up
21 percent from last year. An average yield of 125 bushels per acre is expected from 315,000 harvested acres.


Production of grain sorghum is forecast at 12.7, up 212 percent from 2012. An average yield of 55.0 bushels per acre is expected from 230,000 harvested acres.


Soybean production is forecast at 8.4 million bushels, up 115 percent from 2012. An average yield of 27.0 bushels per acres is expected from 310,000 harvested acres.


Cotton production is forecast at 200,000 bales, up 29 percent from 2012. An average yield of 565 pounds per acre is expected from 170,000 harvested acres.


Peanut production is forecast at 64.6 million pounds, down 20 percent from last year. An average yield of 3,800 pounds per acre is expected from 17,000 harvested acres.


Click here to view the Oklahoma crop production summary, as released on Friday by USDA.


 

claypopetalksClay Pope Talks Farm Bill Progress and USDA's New Focus on Soil Health

 

For the most part, says Clay Pope of the Oklahoma Association of Conservation Districts, conservation should not be a major roadblock to the passage of the 2013 farm bill that is currently in conference committee. While the language in both the House and the Senate versions of the bill is nearly similar, Pope says there is one sticking point that will have to be ironed out. 


"I think the one issue that's probably out there that is in play yet is this idea of compliance on crop insurance. The Senate has taken the position that it would like it, the House doesn't want it. How that's going to come out I think still needs to be decided, but, by and large, we're really happy with the language that's in Title 2 right now and both the House and Senate versions. We're just wanting to see the work get done and finally bring this bill across the finish line and get something in place for the next five years so we can move forward."

While the farm bill has taken center stage for much of the last two years, the USDA has been working quietly on an initiative to promote soil health. Pope says it's a subject that is near and dear to every producer's heart and it's an initiative whose time has come.

"It's probably the most exciting thing we've seen in conservation in the last three decades. It's the idea of basically trying to have what we're calling the 'Brown Revolution.' We all know about the 'Green Revolution' which revolutionized agriculture and saved millions of lives worldwide: the introduction of hybrid seeds, the focus on improved genetics, fertilizer, doing things to improve yields worldwide. It was good and it stopped at a point. Now, we've got to move forward with the next stage, I believe, in production agriculture and that's the Brown Revolution. And what we're talking about is improving soil health."

 

You can listen to my interview with Clay Pope or read more of this story by clicking here.
 

  

newreporthighlightsNew Report Highlights Need for Farm Bill, Vilsack Says

 

The following is a statement by Agriculture Secretary Tom Vilsack on the release of "Rural America at a Glance, 2013 Edition" by USDA's Economic Research Service:

"Today's annual report by USDA's Economic Research Service - Rural America at a Glance, 2013 Edition - highlights the critical need for a new Food, Farm and Jobs Bill that will help to reverse troubling demographic and economic patterns in rural America. The fact is, too many people in rural America live in persistently-poor areas. Too many people still have trouble finding a good job. The populations of too many small towns and rural communities are shrinking. This is just one more reminder that we need a national commitment to create new opportunities in rural America that keeps folks in our small towns and reignites economic growth across the nation. The Farm Bill would invest to grow agricultural exports, and strengthen new markets for agriculture that hold job creation potential. It would spur new opportunities to manufacture products and energy from homegrown materials. It would invest in the future of Main Street businesses and communities. Rural America needs a new Farm Bill now, to meet these modern challenges head on and chart a pathway for future economic success across our rural areas."

 

Click here to download the full report from our website. 

 

 

dupontrecognizedFDA Proposes Elimination of Trans Fats from Food Products

 

The Food and Drug Administration has taken the first steps toward eliminating artificial trans fats from food products. The FDA says the change could prevent 20-thousand heart attacks and seven-thousand deaths caused by heart disease each year. The FDA has required food manufacturers to print details about trans fats on nutrition labels since 2006. Intake among Americans - according to the agency - has declined from 4.6-grams per day in 2003 to one gram per day last year. But FDA Commissioner Margaret Hamburg says despite the decline in the consumption of trans fat - current intake remains a significant public health concern. Under the FDA proposal - trans fats would no longer be among ingredients in the largely unregulated category known as "generally recognized as safe." Michael Taylor - FDA's top food safety official - says those wanting to use trans fats in foods would have to petition the FDA and meet rigorous safety standards showing the would cause no harm to public health.    
Products containing trans fats have already been disappearing from grocery stores and restaurant menus in recent years. New York City and Philadelphia previously imposed bans on artificial trans fats in restaurants. Food companies have responded to consumer demand and pressure from regulators by removing trans fats from a variety of products. According to the Grocery Manufacturers Association - food manufacturers have voluntarily lowered the amounts of trans fats in their products by over 73-percent since 2005. Even Dunkin Donuts, McDonald's and Taco Bell have been eliminating trans fats. Wal-Mart gave its food suppliers until 2015 to phase out artificial trans fats. FDA's Taylor says all of these moves have demonstrated that it's feasible to do what the FDA is asking - though government officials acknowledge it will likely take years to entirely phase out trans fats.    
The FDA will accept public comments on its proposal for 60 days. 


One farm group that quickly reacted to the FDA proposal was the American Soybean Association.  In a statement that was attributed to their President, Danny Murphy, ASA has questions about the need for the agency to take this proposed action.

You can read more about their concerns with the push by FDA on this issue by clicking here.


 

 

ThisNThatOur Monday This N That- Obama on the Farm Bill, Canola Board Meeting and Farm Bureau Presidential Politics

 

 

 

Speaking on the economy in New Orleans Friday - President Barack Obama again addressed three things he believes Republicans and Democrats can join together to do to make progress in the area of business growth and job creation right now. The farm bill was first on his list. President Obama said Congress needs to pass a farm bill that helps rural communities grow and protects vulnerable Americans. Stressing that the farm bill doesn't just benefit farmers - the President called on Congress to do the right thing and pass a farm bill.  

 

 

The two weeks ahead of Thanksgiving could determine if Congress will get that done yet this year. The House and Senate will both be in session before taking a Thanksgiving break that is scheduled to begin November 22nd. Congressional aides have suggested that recess will last two weeks. That schedule would have members returning December 9th for another two week session before an expected December 20th departure for the Christmas and New Year's holidays. The farm bills approved by the House and Senate will not expire at the end of the year since the congressional session continues - but the pressure is on to finish a farm bill by then.

 

**********

 

Oklahoma is hosting the fall board of directors meeting of the US Canola Association today through Wednesday- with growers welcome to attend sessions planned on Tuesday.   

 

The meetings are taking place downtown at the Colcord Hotel- and reflect the growing importance of canola in the southern great plains.  Jeff Scott, the current President of the Great Plains Canola Association, is the incoming President of the US Canola Association- and will take the reins of the national group next spring.  

 

***********

 

The 2013 annual meeting and trade show of the Oklahoma Farm Bureau kicks off at the end of this week- and it appears that there are two announced candidates to run for the Presidency of the state's largest general farm group.  Roland Pederson, who was named President of the group in mid September by the Board of Directors,  is planning on running for a full two year term of the office, while Tom Buchanan of Jackson County is also running for the spot. Pederson farms in Alfalfa County and represents District seven while Buchanan serves on the State Board of Farm Bureau- presenting District two.  

 

We are hearing talk of others being nominated as delegates gather on Friday and Saturday at the Embassy Suites in Norman- but nothing has been confirmed at this time. 

 

Interest is running high out in the country- which normally translates into a highly attended annual meeting for the farm group this week.  

 

Click here for the agenda that is published on the Farm Bureau website for their 72nd annual meeting.

 

 

 

 

Our thanks to Midwest Farms Shows, P & K Equipment, Johnston Enterprises,  Chris Nikel Commercial Truck SalesAmerican Farmers & Ranchers, CROPLAN by Winfield, KIS Futures and the Oklahoma Cattlemen's Association for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE!

 

We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.  

 

Click here to check out WWW.OklahomaFarmReport.Com 

 

 

God Bless! You can reach us at the following:  

 

phone: 405-473-6144

 

 

OKla Farm Bureau

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