From: Ron Hays <ron@oklahomafarmreport.ccsend.com> on behalf of Ron Hays <ronphays@cox.net>

Sent: Friday, May 23, 2014 5:33 AM

To: Lanning, David

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 Futuresclick 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 $9.74 per bushel- based on delivery to the Northern AG elevator in Yukon yesterday. 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 Update from Ron Hays of RON

   Friday, May 23, 2014

 

 

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 

Featured Story:

droughtworsensDrought Worsens Across Oklahoma Even as Chances of Rain Begin to Increase

 
Ahead of any forecast rains that may-or may not-arrive across much of Oklahoma this weekend, this week's U.S. Drought Monitor map shows drought conditions worsening. Hot, windy weather continued to take its toll on soil moisture, and the state's wheat and canola crops.

Each category of drought expanded last week with 61 percent of the state experiencing extreme drought conditions. Thirty-four percent of Oklahoma is experiencing exceptional drought and more than 81 percent is at least in the moderate category.

That 61 percent region of at least extreme drought is the highest total in the state since March 5, 2013, as the horribly dry conditions of May 2012-January 2013 were starting to fade with heavy rainfall.

The Climate Prediction Center is forecasting above-average chances for above-normal precipitation for the next six to ten days across the entire state.

Click to see the Drought Monitor map or weather outlook map.

 

 

 

Sponsor Spotlight

 

 

We are delighted to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors.  They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol.  They seek to educate OCA members on the latest production techniques for maximum profitabilty and to communicate with the public on issues of importance to the beef industry.  Click here for their website to learn more about the OCA. 

 

   

 

 

P&K Equipment has ten locations in Oklahoma and as the state's largest John Deere dealer, has been bringing you the best in John Deere equipment, parts, service, and solutions for nearly 30 years.  The P&K team operates with honesty and a sense of urgency... getting you what you need, when you need it.  With an additional nine stores in Iowa, P&K has the extra inventory and resources, to provide you, the customer, with a better experience all around. Click here to visit P&K on the web... where you can locate the store nearest you, view their new and used inventory, and check out the latest deals. 

 

 

 

 

broadbandbringsBroadband Brings Rural Oklahomans Opportunites 

 

Broadband is the latest technology to bridge rural America with the rest world. Oklahoma hosted the first of three regional and economic development workshops Thursday at the Francis Tuttle Technology Center.

Telecommunications Assistant Administrator Keith Adams says the meeting is bringing together non-traditional partners.

"Community leaders and economic development professionals around the centering theme of broadband," Adams said. "And how we can use broadband throughout rural america to drive businesses back to rural America, to keep rural Americans in rural America and to give rural Americans the same access to the same quality range and same quality broadband services."

For more about expanding broadband into Oklahoma click here.  

 

 

qualityQuality Will be Crucial to Wheat Prices at Harvest Time, Kim Anderson Says 

 

Grain elevators in southern Oklahoma could begin seeing their first loads of winter wheat in just days, depending on the weather. Kim Anderson, Oklahoma State University Extension Grain Marketing Specialist says in his preview to this week's SUNUP program that this year's crop will get a lot of scrutiny.

"The first thing they'll do when the wheat comes across the scale is pull a representative sample and they're going to determine the grade based on the published grading standards. They'll send samples of that wheat off to determine the milling quality of that wheat. They'll be looking at protein. They'll be looking at strength. They'll be looking at those milling characteristics. The flour mills want to see what quality is there as do the elevators so they'll know how to price it and how to sell that product."

Anderson said that he expects prices at the elevator to be in the $7.10 range, but that could fall depending upon the quality of the crop. He said he expects prices will hold in that range until well into harvest.

Click to see what else is covered on the SUNUP edition.  

 

 

internationalInternational Markets, Millennial Generation Key to Certified Angus Beef Demand Growth

 

International demand for Certified Angus Beef has continued to grow despite the domestic trend for a flattening growth curve. John Stika, president of Certified Angus Beef, spoke recently with Radio Oklahoma Network Farm Director Ron Hays and said the all important international market is only one target in the effort to continue to grow beef demand.


"The international market is a big part of our growth this year and it's been interesting. Our retail numbers are fairly flat because of the relatively high prices we've seen on M cuts. While we're up four to five percent as a program, a big portion of our growth this year is actually food service and it's in the form of middle meats, steak items. International is growing as well and it's been a big part of our ability to continue to drive this program forward even when we see our domestic retail business to be relatively flat."

Click to read or listen to today's Beef Buzz.

 

 

senatepassSenate Passes WRRDA Bill

  

 

The US Senate Thursday passed the $12.3 billion dollar water projects bill. The legislation looks to provide funding to improve the infracture of inland waterways and ports. The Water Resources Reform and Development Act passed by a vote of 91 to 7 in the Senate. Earlier this week the bill overwelming passed in the House by a vote of 412 to 4.

 

The bill now goes to President Obama's desk for his signature.

 

The bill has been widely supported by agricultural organizations because the funding will improve the infracture for exporting grains to international markets.

 

You can read comments from the following by clicking on their names:

 

American Farm Bureau President Bob Stallman

 

National Association of Corn Growers President Martin Barbre  

 

American Soybean Association President Ray Gaesser 

 

National Association of Wheat Growers President Paul Penner  

 

 

antiquitiesactAt the State Capitol- Gross Production Tax Rate Bill Passes- Storm Shelter Bill Fails- But NOT SO FAST- Passes.

 

There were three key votes on Thursday at the State Capitol as far as the Oklahoma Farm Bureau was concerned- and they came up on the right side of the measures on two of the three votes- but a tax increase proposal they opposed came back from the dead Thursday evening and HJR 1092 ends up being approved.

 

First of all- there was the passage of HB 2562.Oklahoma Farm Bureau applauds the Oklahoma legislature for passing HB 2562 Thursday, which reduces an approaching gross production tax rate increase on horizontal wells and also applies an equal rate to traditional vertical wells. Under the new law, horizontal wells will be subject to a tax incentive program to reduce the effective gross production rate to 2 percent for the first 36 months of production and then increase to 7 percent. The same law will be applied to vertical wells, which are currently taxed at 7 percent.

The bill replaces an expiring incentive program and prevents the gross production tax rate from automatically increasing to the actual rate of 7 percent in 2015.

 

Oklahoma Farm Bureau President Tom Buchanan calls this measure a strong compromise for all concerned.  

 

Click here for more on this measure- including a thumbs up from the Oklahoma State Chamber of Commerce.

 

Meanwhile, a bill that was defeated- HJR 1092, turned out to be down- but not out.  

 

This measure could set up increases in property taxes in order to pay for storm shelters in local schools was first defeated in the Oklahoma House on Thursday by a substantial 34 to 61 vote. Several ag groups, including the Oklahoma Farm Bureau and the Oklahoma Cattlemen's Association, were opposed to the measure. Oklahoma Farm Bureau President Buchanan spoke in a statement on Thursday afternoon about their preference to find money in other places besides on the backs of property owners..

"Farm Bureau fully supports the construction of shelters to protect students and appreciates Rep. Mark McBride and Rep. Jon Echols' efforts to raise private dollars through the Shelter Oklahoma Schools foundation," Buchanan said. "Our state's agricultural producers are major landowners in their communities and would unfairly bear the brunt of this ad valorem tax increase."

 

Governor Mary Fallin was livid and it showed in her combative statement on Thursday afternoon- calling anyone opposed to her plan as being in on a smear campaign against the proposal.  

 

She and her office to work on House GOP members and apparently found 17 who voted no to be willing to change their votes and say yes- she got 51 YES votes and HJR 1092 moves on to the Senate for a vote next week.  

 

In a statement on Thursday evening, the Governor thanks the lawmakers who reconsidered their positions and called on the State Senate to approve her measure quickly.

 

Click here to read a play by play of the day's events regarding HJR 1092.

 

 

 

 

 

ThisNThatThis N That- Memorial Day Arrives and Oklahoma GOP Announce Three Debates for Republican Senate Primary Race

 

 

Well, the Memorial Day holiday weekend is upon us- and we wanted to remind you that this coming Monday morning- we will NOT have a Ron Hays Daily Email.  We will return on Tuesday morning. We will have our radio reports on many of our great radio stations across the state on the Radio Oklahoma Ag Network. 

 

Government offices will be closed- federal and state- and the ag commodity markets, US Stock Market and Monday feeder auction barns will be closed to honor those who have died in service to our wonderful country.  

 

Memorial Day weekend is a great time to spend time with family and friends- but I hope you will take time to honor those and thank those who have served our country- both those who are still alive as well as those who have given their lives down through the years.

 

**********

 

Word comes from the Oklahoma GOP Party that there will be three Senatorial Forums to feature the three candidates running for the right to fill the last two years of the seat being vacated by Senator Tom Coburn.

 

Those forums will be in Durant on June 4, Lawton on June 6 and Enid on June 20.  Tickets are limited at each of the venues- click here for more details about these chances to hear each candidate explain why he is the right man for the job.

 

 

 

Our thanks to Midwest Farms ShowsP & K Equipment, Johnston Enterprises, American Farmers & Ranchers, KIS Futures, Stillwater Milling Company , CROPLAN by Winfield 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

 

 

 

 

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