~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday September 29, 2008!A service of Producers Cooperative Oil Mill, Farm Credit Associations of Oklahoma and Midwest Farm Shows!
-- USDA Tightens COOL- Bows to Pressure Applied by Producer Groups
-- Sierra Simpson Set to Represent Oklahoma Next Week in National Ambassador Competition
-- Farm Bureau Economists say- "I'm Okay- You're Okay"
-- Oklahoma Beef Council Kicking Off News Fiscal Year Wednesday
-- Beef Board Subcommittee Looking at Checkoff Changes
-- Slow Computers on a Monday
-- Financial Markets Continue to Hammer on Commodity Values.
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are excited to have as one of our new sponsors for the daily email Producers Cooperative Oil Mill, with 64 years of progress through producer ownership. Call Brandon Winters at 405-232-7555 for more information about rotating some of your winter wheat acres into winter canola this year- and check out the full story on PCOM on their website by clicking here.
It's also great to have the Farm Credit Associations of Oklahoma
with us regularly as an Email Sponsor- Financing Oklahoma is their
business! Check out their website which shows their locations statewide by
If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here.
USDA Tightens COOL- Bows to Pressure Applied by Producer Groups
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The USDA has tightened up what can be labeled as mixed origin beef coming out of a day of production at a packing plant. In the Frequently Asked Questions document found on the Ag Marketing Service website, there is a question and answer that has been added as of this past Friday.
On page seven of this thirteen page document- you will find the
following question and then answer:
More clarification from USDA is expected in the next couple of days- but it appears that this is language that will go a long way to satisfying calls for a strong application of the USA only label for beef that comes from cattle born, raised and processed in the USA.
We have the link to this FAQ page on our website- click below to take a look.
Sierra Simpson Set to Represent Oklahoma Next Week in National Ambassador Competition
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~She's a busy young lady- and Sierra Simpson of Kremlin is hoping for one more job in the coming year- being one of five national Beef Ambassadors after the competition is ended next weekend in Oklahoma City.
Currently, Sierra is serving as the Oklahoma DECA State Vice-President as well as holding several school organizations offices. She has been a Junior Beef Ambassador for the Oklahoma Beef Council the past eight years. Exhibiting her first show heifer at the age of four, Sierra has been active in several junior breed associations as well as the Oklahoma Junior Cattlemen's Association. Being recognized for her showmanship ability, Sierra received the Oklahoma Club Calf Association Top Showmanship Award in 2002. Sierra has exhibited steers that have been selected for the premium sales at Tulsa State Fair, Oklahoma Youth Expo, and Enid District Show.
She has also been busy as a National FFA Risk Management Essay Winner,
National FFA Proficiency Award Finalist, National FFA Costa Rica Trip
Winner, 4-H State Agriculture Record Book Winner, 4-H Senior Hall of Fame,
and National FCCLA Gold STAR Event Winner. During the recent Career Tech
State Officer's Conference, she was selected Miss Career Tech
Farm Bureau Economists say- "I'm Okay- You're Okay"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The current financial crisis gripping the United States could moderate global and domestic demand for U.S. farm products and intensify an already volatile price situation for both commodities and the supplies that farmers must purchase, according to financial analysis issued by the American Farm Bureau Federation. However, overall, the nation's agricultural sector is in good financial condition at the farm level, which could serve to cushion the impact of the financial crisis. According to the analysis prepared by AFBF economists, overall the U.S. agricultural balance sheet is very strong, although the situation is always variable among individual farmers and ranchers.
"The fallout from the general financial malaise is being felt worldwide, especially in countries that may be already facing slowing economies due to the high price of energy," according to AFBF Economist Terry Francl, one of the authors of the analysis. "This will most likely moderate the demand for agriculture products and ingredients, reduce the demand for U.S. agricultural exports and ultimately affect U.S. farm prices. Likewise, a slower domestic economy would also weigh on the demand for farm commodities and prices." Francl indicated that the Agriculture Department is projecting record high farm income in 2008. Another measure of economic health in farm country, debt-to-asset ratio, is at a modern low of 10 percent.
The analysis states, however, that within the United States, the credit supply is being impaired, which affects the cost of credit. This crunch is already affecting some agri-business companies, as reflected by recent developments in the fertilizer sector, according to Francl. "Fertilizer prices have basically doubled in the past two years and continue to rise," Francl said. "Farmers are currently being asked to make commitments for their 2009 fertilizer needs and to pay a substantial portion of that commitment, sometimes 100 percent up front. The credit function of these transactions is being shifted from the fertilizer producers and retail dealers to the farmers. The net result is that it increases the farmer's cost."
Oklahoma Beef Council Kicking Off News Fiscal Year Wednesday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Oklahoma Beef Council operates on the October to September fiscal year- and this coming Wednesday, they will welcome a new officer team for the year- as well as two new board members. New officers for the 2009 Fiscal Year include Scott Dvorak of Perry, Chairman; Brett Morris of Ninekah, Vice Chairman and Anna Belle Wiedemann of Yukon, Secretary- Treasurer
New Board members will include Richard Gephardt of Claremore and R.D. Farr of Bartlesville. Heather Buckmaster, Executive Director of the Beef Council, says that a major focus for the coming twelve months will be moving the ball forward on the Beef Quality Assurance program. She believes that Oklahoma has a model in place that could allow us to certify more of our beef producers than any other state in the country.
We have our conversation with Heather on our website about the new fiscal year and what it may bring for the Oklahoma Beef Council as these men and ladies work to improve the well being of the Oklahoma beef industry. Click on the link below to jump to that story and where we stand in the promotion, education and research arenas through the beef checkoff dollars generated from cattle producers.
Beef Board Subcommittee Looking at Checkoff Changes
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Cattlemen's Beef Board Administrative Subcommittee, chaired by Tom Jones of Arkansas, is meeting in Chicago- they started their discussions yesterday and continue on this Monday- about potential changes to the current dollar per head Beef Checkoff.
Back in the summer and into the early fall, the Beef Board officers traveled across the country to meet with various industry organizations in an effort to develop and recommend changes to the Beef Promotion and Research Act and Order. The ideas gleaned from the various groups have been pulled together and are being reviewed by the Subcommittee. As the ideas have been sorted and placed into categories for the review process- the names of the groups suggesting the changes have been removed from the ideas to make sure that each idea will be considered on its own merit.
We have comments on this with Tom Ramey of the CBB on our Monday Beef Buzz- click below to go to our website story and to listen to this update on where we are with checkoff enhancements.
Slow Computers on a Monday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Our morning email is a little later than normal today- everything seems to be running on slow for a Monday- plus was chasing down info on a couple of items- and there you have a slightly later than normal email.
Financial Markets Continue to Hammer on Commodity Values.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The pressure comes from the fear of a global economic downturn. That fear level was raised with several European Banks being bought out or nationalized earlier today across the Atlantic- and that has caused big losses in the European stock markets.
The Commodity markets here in the US reflect that concern- with overnight electronic trade showing Kansas City and Chicago wheat down 13 to 15 cents, corn off 15 cents and soybeans down 29 cents from the lower settlement prices of last Friday.
Crude Oil and Natural Gas both are cheaper this morning than they were at the settlements of Friday afternoon- with crude oil down $1.13 on Friday at 106.89- and another $3.36 lower as we write this Monday morning at $103.53. Natural gas was off 30 cents on Friday- and off yet another 18 cents this morning- now at $7.44 per million BTU.
Our thanks to Midwest Farm Shows, Farm Credit Associations of Oklahoma and Producers Cooperative Oil Mill for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked at the top of the email- check them 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!
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.
Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Woodward Livestock had 6,790 cattle in this past Friday's run- with yearling prices steady to a dollar lower on their steer sales, while steer calves fell one to four dollars down- with five hundred pound steers dropping like a rock- off $7 to $8 per hundredweight. Five hundred pound steers cleared from $102 to $112, while seven to eight hundred pound steer yearlings brought $107 to $111.60. For the complete Woodward report for the 26th of September- click here- it should be updated by 8 AM central.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: