~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday February 15, 2007!A service of Midwest Farm Shows
-- Oklahoma Grain and Stocker Association to meet on Friday in Enid.
-- Derrell Peel on Ethanol and Cattle- the wild ride is probably not over!
-- Cotton outlook situation hasn't looked this bad since 1966- so says Dr. Carl Anderson
-- Pesticide Disposal Days Set for NEXT week in two locations!
-- "Corn" the Star of the USDA Ten Year Projections.
-- Express Ranches to offer 500 Bulls March First and Second.
-- Bits and Pieces: Gonna Push Dirt Soon, OCA plans Convention Mooove and High Praise for Terry Peach.
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. Our email this morning is a service of Midwest Farm Shows, featuring the Southern Plains Farm Show in Oklahoma City April 19-21, 2007, as well as the Tulsa Farm Show held each December. Check out details of both of these exciting shows at the official website of Midwest Farm Shows by clicking here.
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Oklahoma Grain and Stocker Association to meet on Friday in Enid.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We'll be Emceeing the annual meeting of the Oklahoma Grain and Stockers Producers Association tomorrow in Enid at the Autry Technology Center. The OGSP folks have assembled an interesting meeting agenda for tomorrow- and I am looking for a cow bell to either ring or throw at any of the speakers that go past their allotted time.
Key subjects that will be covered tomorrow include new risk management tools in the Crop insurance arena (livestock products, too), the Impact of Renewable Fuels on Oklahoma, How demand for higher quality beef will translate into opportunity for backgrounding and stocker operations, a farm policy update and finally a brief update from OSU's Wheat Pasture Research station.
The Program is scheduled to start at 9 am- you can visit with fellow producers if you are there a few minutes before that- there will be lunch (a Certified Angus Beef entree) and adjournment expected by around 2:22pm. We'll look forward to seeing many of you tomorrow!
Derrell Peel on Ethanol and Cattle- the wild ride is probably not over!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma State University Ag Economist Dr. Derrell Peel says the major adjustment in cattle prices due to the runup in corn has already happened- with both yearling and calf prices getting hit with a multi dollar reduction in current cash prices for both of these classes of cattle since the fall. At the same time, slaughter cattle prices have stayed in the same general price range that they have been in for months.
Peel believes that we will be facing more volatility as the corn planting season approaches- especially if we have any sort of weather related planting or early season growth problems. At this point, Peel says you can almost bet that yearlings prices will "zig" with every corn market "zag" meaning that when corn prices spike, those will be bad days for Feeder Cattle futures and that will likely have impact on yearling prices in our feeder cattle auction markets. He adds that there will be less profitability in the cow-calf segment- but money can still be made there, especially by those low cost cow calf operators.
We talked with Derrell at the Quarterly Board Meeting of the OCA earlier this week- and Dr. Peel will be presenting some of the same information tomorrow during the Ethanol segment planned for the OGSP meeting in Enid. We have linked below Dr. Peel's conversation that we had with him- and you can listen by clicking.
Cotton outlook situation hasn't looked this bad since 1966- so says Dr. Carl Anderson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Texas A & M cotton marketing specialist emeritis Dr. Carl Anderson believes the current cotton market outlook is horrible- as bad as it was in 1966 when the industry came together to help form Cotton, Inc.
The problem is non existent domestic demand with the demise of the textile industry inside the borders of the United States. Dr. Anderson says he sees little chance of a price rise beyong loan levels anytime soon- and he thinks we need as much as a 20% reduction in cotton production in this country this year to help slow down the stock buildup in U.S. cotton.
Fortunately, there is a way to get that down with a minimum amount of pain as many producers will switch from cotton to corn, milo or in the mid-south to soybeans (then all they have to worry about is Asian Soybean Rust!). Carl Anderson was one of the presenters during this week's Ag Market Network Teleconference and we have some of this comments linked below.
Pesticide Disposal Days Set for NEXT week in two locations!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The next Unwanted Pesticide Disposals are scheduled for February 20, 2007 8:00 am to 1:00 pm Location: Farmers Elevator Company Drummond, OK and February 22, 2007 8:00 am to 1:00 pm Location: UAP Webbers Falls, OK. These Disposal Days are available to anyone that might have old or unwanted pesticides they would like to dispose of as this is a free service to get rid of these products correctly. This is for people in production agriculture (farmers, ranchers, greenhouses, and nurseries), certified applicators, and pesticide dealers. Please no homeowners at this time.
No questions will be asked as all farmers/ranchers and other participants will remain anonymous. This collection will take only pesticides no other hazardous waste will be accepted such as oil, paint, antifreeze etc. All pesticides will be taken no matter the size. There is no cost for the first 2,500 pounds of pesticides brought by a participant. Anything over 2,500 pounds will be charged to the participant at a $1/pound for all pesticides except mercury based pesticides, wherein participants will be charged $2.22/pound for disposal. Clean Harbors will accept payment in the form of check or credit card at the disposal site. No cash will be accepted!
We have a link below for the website that can tell you more about these disposal days for next week. Two more collections have been scheduled for April and are in the planning stages for Southeastern Oklahoma and Northeastern Oklahoma. We will have details of them as they become available. This program is a joint effort of OSU Extension, the Oklahoma Department of Ag and the Oklahoma Agribusiness Retailers Association.
"Corn" the Star of the USDA Ten Year Projections.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~More corn acres, higher corn prices and more bushels of corn expected to end up at ethanol plants in ten years is the latest crystal ball effort by the US Department of Agriculture. It's quite a difference between the guess of 2006 and the guess of 2007. USDA expected corn prices to average $2.60 a bushel over the ten year period a year ago- the number this year is closer to $3.50 a bushel as the ten year average!
Ninety million acres of corn is expected to be planted and harvested by the end of the ten year period, with total production something over 14 billion bushels. One third of that production will head to ethanol plants if USDA is on target this year.
Corn will get those acres from several crops- and especially from soybeans as acreage for the next ten years expected to be down by about four million acres annually. Wheat Acres are expected to remain around 58 million acres annually over the next ten years.
Express Ranches to offer 500 Bulls March First and Second.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Express Ranches in Yukon have one of their biggest bull offerings of the year about ready to sell- and they will be offering a total of 500 Limousin and Angus Bulls over a two day period March first and Second at the Ranch just north of Yukon, Oklahoma. This will be their 13th annual spring bull sale!
The sale Schedule includes:
We have linked details of the event below. Express was rated the second largest Purebred Beef Cattle operation in America by the NCBA this past year- and the quality of their offering this spring is expected to be tremendous.
Bits and Pieces: Gonna Push Dirt Soon, OCA plans Convention Mooove and High Praise for Terry Peach.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Not too many specifics were offered by Oklahoma Farmers Union Vice President Terry Detrick about the status of the Oklahoma Sustainable Energy LLC plans to build a 55 million gallon ethanol plant in Enid. There have been a variety of delays since fall when they expected to begin construction. At this past weekend's OFU Convention, Detrick did offer during his Vice President's report to members that they continue to work to get the project on track and that when it comes to their plant "we are awfully close to pushing dirt."
Scott Dewald of the Oklahoma Cattlemen's Association reported to his Board of Directors during their annual winter Board meeting earlier this week that they are going to move the 2007 OCA Convention and Trade Show from the Marriott in northwest Oklahoma City to Midwest City and their Reed Center- citing the need for more trade show space as well as hotel rooms to continue to grow the event.
Finally, at the recent Oklahoma Pork Congress, Bart McSpadden gave the annual Legislative Update to members in attendance and commented that State Secretary of Agriculture Terry Peach deserves HIGH praise for his efforts to unify the agricultural industry in the state. Bart says that Peach has encouraged and hosted a weekly roundtable meeting of ag groups that regularly participate in work at the Capitol- and that he is always looking for common ground. McSpadden believes these efforts have delivered benefits to all of agriculture along the way. By the way, the Governor's office releasing a statement yesterday confirming that Peach is returning for Brad Henry's second term as his Secretary of Agriculture.
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