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 $7.59 per bushel- based on delivery
to the Oklahoma City elevator 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 Leslie Smith 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
Your Update
from Ron Hays of RON
Tuesday, November 11, 2014 |
Howdy
Neighbors!
Here
is your daily Oklahoma farm and ranch news
update.
| |
USDA
Reduces Size of Expected 2014 CorCrop, But Still Record
Level
The
latest crop production report from the US Department of
Agriculture offered few surprises
Monday. Trade Analyst Tom Leffler of
Leffler Commodities called the report
neutral for soybeans and wheat and slightly friendly for
corn.
"The friendly part about corn is, we
saw the production and yield come in less than it was in
October," Leffler said. "That's kind of a surprise as we
all thought we would see it larger, but when you really
get to looking at it still not an overly friendly
situation."
The
nation's corn production was estimated at 14.407 billion
bushels. While that is lower than the October estimate,
the nation is still looking to have a record yielding
corn crop. USDA reduced the yield estimate to 173.4
bushels per acre. The number of harvested acres remain
unchanged over last month. The lower production estimate
lead to a drop in the nation's corn ending stocks. USDA
estimated ending stocks at over two billion bushels.
Leffler said this is the highest ending stocks for the
US in the past ten years.
USDA
estimates total corn supply at 15.7 billion bushels,
with estimated use at 13.7, leaving ending stocks of 2.0
billion bushels. Average farm price, reported as a
range, was increased a dime to $3.20-$3.80 per
bushel.
The
nation's soybean crop continues to get larger. USDA
estimated the nation's production to be larger than the
October estimate at 3.958 billion bushels. Last month
USDA's estimate was 3.927 billion bushels. The nation's
yield average was estimated at 47.5 bushels per acre, up
from 47.1 bpa. USDA continues to predict the nation will
produce a record soybean crop as well. Rich
Nelson with
Allendale said USDA left most of the states
unchanged, but they increased the yield forecast by one
bushel per acre in Iowa, Nebraska and North Dakota and
South Dakota's estimate was increased by two bushels per
acre.
"As
a whole, a moderate increase in supply was seen here,"
Nelson said. "What we didn't see was a large jump
in demand. USDA only raised crush by 10 million
bushels from last month and they only raised exports by
about 20 million bushels from last month. The
trade is very likely going to keep their mindset on
change as far as soybeans, they will probably say USDA
will have to recognize a little better demand in coming
reports here."
To
hear Leslie
Smith visit with Tom
Leffler- click or tap
here.
To
watch the YouTube of Rich
Nelson with Allendale, click or tap
here.
To
read the corn crop analysis from the National Corn
Growers- click here.
And
to read John
Anderson's Crop Report analysis- click or tap here. (John is the Chief
Economist with the American Farm
Bureau)
|
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Oklahoma
Crop Numbers See Cotton Production Whacked Compared to
October- Other Spring Crops
Unchanged
Sorghum
and soybean acreage harvested in Oklahoma this fall show
these two crops the most popular spring planted crops
for 2014. In the November USDA Crop production report
released on Monday, November 10, Uncle Sam shows farmers
of these crops will harvest 330,000 acres each this
year. The grain sorghum acres are up by sixty thousand
acres compared to 2013, even as corn acres declined
40,000 acres over a year ago.
Grain sorghum
production ended up, based on November first data, at
18.4 million bushels in Oklahoma on 56 bushels per acre
production. Soybeans saw harvested acres down by five
thousand acres compared to a year ago, with the yield
virtually unchanged from 2013 with the 2014 crop coming
in at thirty one bushels per acre. Total soybean
production is tabulated at 10.23 million
bushels.
Cotton acreage recovered a
significant amount from 2013, with harvested cotton
acres at 210,000 acres this year, up from 125,000 acres
as drought really nailed the Oklahoma crop even harder
last year than here in 2014. The disappointment for
cotton was the fall off in lint production over the last
thirty days- as total pounds of cotton that will be
harvested this year, based on November first, versus
October first is off by 126 pounds per acre- falling
from 709 to 583 pounds of cotton lint per acre this
fall. That pulls back what could have been double the
crop of a year ago to just a crop that is sixty percent
bigger than a year ago. Total cotton production for this
year is projected to be 255,000 bales for the state,
well above the 154,000 bales grown a year ago in
Oklahoma.
The hard red winter wheat crop numbers
for harvest back in June were left alone- showing 2014
wheat harvest at historic lows not seen since the 1950s.
A lot of that was tied back to the 2.8 million acres
harvested this year, six hundred thousand fewer acres
harvested this year versus last. The final yield of 17
bushels per acre equated to just 47.6 million bushels
produced this year, versus 105 million bushels the year
before. Click here to read more
about the national crop production estimates.
|
Harvest
Continues, While Wheat Off To a Better Start Than
Last Year
Cotton
harvest was picking up this past week in Oklahoma.
The latest crop progress report from the US Department
of Agriculture showed cotton harvest reached 42 percent
completion this past week, a 15 point jump from last
week. Ninety-two percent of wheat
had emerged, up 9 points from the five year average. The
crop rated in six percent in excellent condition, 48 in
good, 34 percent in fair, 12 percent in poor to very
poor. The wheat crop
ratings improved five percentage points
from just a week ago in that good to excellent
range. As for the 2015 Canola
crop, it is now rated 43% good to excellent and 40% in
fair condition. The Canola ratings
have also improved compared to a week
ago- three percentage points improvement in that good to
excellent range. Click here for the full Oklahoma crop
report.
Significant
rainfall was received in many parts of Texas,
which slowed harvest progress. The Texas Cotton
harvest is 17 percentage points behind
the five year average at 42 percent complete. The
recent rains helped the wheat crop emerge. The
crop rated in 12 percent in excellent condition, 39 in
good, 35 in fair and 14 percent in poor to very
poor. Click here for the full Texas crop
report.
Rain
and cool temperatures occurred across the southeastern
Kansas,
while the rest of the state remained dry and warm.
Corn harvest reached 92 percent complete, sorghum
harvest was behind at 67 percent complete and soybean
harvest was at 84 percent. The winter wheat crop
rated in six percent in excellent condition, 57 good and
34 in fair condition. Click here for the full Kansas
Report.
Nationally-
it appears that the corn, soybean and cotton crops have
pretty much caught up with the five year average when it
comes to harvest progress- just as this BLUE NORTHER
roars into the midwest- there will be areas that are
getting winter precip that will be hard pressed to get
much done for several days- so those areas will face
harvest slowdowns- in the meantime- you can click here for the National Crop
Progress Report.
|
Gebhart
Urges Producers to Comment on WOTUS by
Friday
Ag
producers and the general public only a few more days to
comment on the 'Waters of the US' proposal from the
Environmental Protection Agency and Army Corps of
Engineers. The public comment period
will close on Friday, November
14th. Oklahoma Cattlemen's Association
President Richard
Gebhart has been talking about the
impact this rule would have on agriculture for the past
four months. Gebhart said its extremely important
producers submit their comments by Friday.
"It is still the biggest threat in my
opinion to farmers and ranchers to their livelihood
that's out there," Gebhart said. "It's still in the
Federal Register, I think we had hopefully a turning
point in Tuesday's election. Our Senator Jim
Inhofe will be the Chairman of the
Environment and Public Works Committee and hopefully the
Senator can get something done about it, but its still
crucial that producers get out there and say what they
think about it."
In this past week's
election the GOP took control of the Senate. Gebhart
said that will not prevent EPA Administrator
Gina
McCarthy from publishing the WOTUS rule.
He thinks there are some things the Senate and House can
do that prevent her from spending money to implement the
rule.
Back
to the Comment Period- one easy way to submit comments
on the 'WOTUS' proposal is to go to the National Cattlemen's Beef Association
website. There is a form letter that producers can
use to submit a
comment.
I
caught up with Richard this past Friday at the quarterly
board meeting of the Oklahoma Cattlemen's
Association. Click here to listen to the full
feature on WOTUS and his outlook for Country of
Origin Labeling in the US.
|
Peel
Offers Oklahoma Cattle Market
Roundup
Derrell
S. Peel,
Oklahoma State University Extension Livestock Marketing
Specialist, writes in the latest Cow/Calf Corner
newsletter.
Feeder
cattle prices have increased this fall; showing no signs
of seasonal weakness. Prices have advanced the most on
450-550 pound stockers, the most popular stocker animals
for winter wheat grazing. Oklahoma auction prices for
Medium and Large, Number 1 steers, 450-500 pounds
averaged above $300/cwt. for the first time ever the
last week of October, pushing higher to $307.02 this
past week. Prices for 500-550 pound steers averaged
$296.62/cwt. last week and may push above $300/cwt. this
week. Rain in early October that established wheat was
followed by a month of dry and warm conditions that
threatened wheat pasture development. However,
widespread rain across Oklahoma the first week of
November ensures wheat pasture for the remainder of the
year and has augmented stocker demand in
November.
Stocker values of gain calculated
on current prices have eroded slightly from the very
strong levels that have existed since late summer. This
is due to the proportionately bigger advance on stocker
prices compared to heavy feeders the past couple of
weeks. However, values of gain remain strong...well over
a dollar per pound...and offer opportunity for returns
this winter, especially as wheat pasture has gotten
cheaper this fall. Values of gain are stronger for
heavier beginning weights, i.e. animals over 600 pounds,
perhaps providing an opportunity for producers
anticipating a shorter winter grazing
period.
Click here for more from Dr. Peel-
including his take on the value of paying a premium for
a pre conditioned calf.
|
AGree
Launches Nutritional, Environmental and International
Initiatives
A
highly diverse and remarkably broad group of farmers,
ranchers, agri-businesses, environmentalists,
nutritionists, and other experts Monday announced a
landmark set of consensus recommendations and targeted
initiatives on critical issues facing food and
agriculture. The recommendations call for far-reaching
changes to federal policy and private-sector action and
have significant implications for food production,
processing, and consumption.
AGree
is calling for: a major shift in how conservation of
working landscapes is undertaken and funded toward
watershed-scale partnership approaches; a commitment to
making food security an enduring goal of U.S. foreign
assistance through permanent law; and significant
intensification of efforts to integrate public- and
private-sector programs and policies focused on
improving community health through food and nutrition.
"AGree's consensus recommendations will
serve as roadmaps for action," said Deborah
Atwood, AGree's Executive Director. "For
three years, AGree has focused on achieving consensus.
With wide-ranging and often divergent points of view
around the table, it has been a long, at times
difficult, but very fruitful journey. AGree will now
focus on implementation and
advocacy."
Click here to learn about the AGree
initiatives launched
Monday. |
Blue
Norther Arrives- When Will We See the 50s
Again?
As
the arctic/polar air roared into Oklahoma from Kansas
and Colorado yesterday afternoon, the wind gusts and the
coldness of the temperatures were the big features-
little to no precipitation has been associated with this
baby.
The
Tweets quickly were pointing out how fast temperatures
were falling behind the front- at our vantage point in
Central Oklahoma- we zipped through the 50s in well
under an hour and have settled into the mid thirties as
early this morning. Wind Chills are in the teens
and 20s over the bulk of the state, and the extremes
show that you can count the Wind Chill
number on the fingers of ONE HAND in Boise
City- stick four fingers up in the air
and you have got it- of course, they those fingers will
freeze if you leave them up i the exposed wind gusts for
too long.
Our
friend and Oklahoma Weather legend Gary
England summed it up well for the
short term forecast yesterday- before the front came in-
"Great day today..Freeze your honey off tomorrow and
blow your shirt to Texas."
The
longer term question is- when do we finally push this
blanket of deep polar cold off of us and it heads
east? David
Payne with News9 told his viewers last
night that the cold is here for at least the next nine
days- with no high temperatures even into the upper 40s,
let alone any fifties. There is also a chance for
some winter mix moisture- the first wave on
Saturday-Sunday and then another shot about next
Wednesday or so.
Stacia
Knight
with the News on 6 in Tulsa does offer a 50 degree high
for next Wednesday- a week from tomorrow- this in her
Veteran's Day Forecast on this Tuesday morning. Click here to take a look and maybe
the November Winter will be past us in about a
week.
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