~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday January 2, 2008!A service of American Farmers & Ranchers Mutual Insurance, KIS Futures & Midwest Farm Shows
-- Happy New Year!!!
-- As we begin 2008- there are NEW Realities in the Global Wheat Marketplace.
-- A whole Lot of Auctioning to Go On Down in Cowtown This Month.
-- "Hat's Off to Women in Agriculture" (The Theme of the 2008 Women in Ag Conference being held next month)
-- One of the Big Stories in 2007- Ethanol- Continues to be on the Minds of Cattlemen as we begin 2008.
-- If you are a Cattle Producer- you gotta love the Double Cheeseburger Battles of the New Year!
-- A Crazy Weather Year in 2007- Wetter Than Ever- but mighty dry in between those downpours.
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to welcome KIS Futures as a regular sponsor of our daily E-Mail. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for their website or call them at 1-800-256-2555.
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Happy New Year!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I trust you had a safe and happy ringing in of 2008- and it is shaping up to be a most interesting year as we elect a new President with that process to really start shaping up in the big farm state of Iowa this week; we will hopefully get a 2007-2008 Farm Bill done that President Bush won't shoot down with a veto; and closer to home- we have the second half of the two year long state legislative session that resumes in a matter of just a few more weeks with water and taxes as always on the minds of state lawmakers when they come to Oklahoma City.
As we begin 2008- we have historically high prices for grains and oilseeds- and the expectation that we can expect another battle played out in the marketplace over how many acres will be allocated to each crop this coming growing season.
While Oklahoma has had only limited involvement in the biofuels bonanza that has supercharged the US rural economy- we continue to wait on word of a groundbreaking of our first commercial sized ethanol plant in the state- we still anticipate that will be in Blackwell- perhaps this spring.
As we watch all of these issues and many many more- we look forward to helping keep you informed on those stories that have importance to our farm and ranch community here in the state of Oklahoma and the surrounding southern Great Plains! I suspect we will have plenty of topics to cover day to day as we write this daily update for you- hang on we ride into 2008 together!
As we begin 2008- there are NEW Realities in the Global Wheat Marketplace.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In the face of fundamental changes in the global wheat market, buyers and processors should plan for a new, higher trading range for the world's supplies over the next few years. That was the message Alan Tracy, President of U.S. Wheat Associates, shared in the opening address to an estimated 500 participants in the Middle East & Africa District Conference & Expo of the International Association of Operative Millers this past month in Muscat, Oman.
"Consumer demand for food is growing, crops are competing for planted area, speculators are more active in commodities and trade barriers are falling," Tracy said. "These forces should push U.S. wheat futures prices into a new range of around $6.00 or more per bushel or about $220 per metric ton, assuming favorable weather and new crop production grows as expected. If there are significant production problems, prices are likely to shoot up again as they have this year." Noting that the recent weather-driven spike in world wheat prices has taken the lion's share of attention, Tracy pointed out that rising population and more disposable income in developing countries is pushing a steady increase in cereal grain demand. "At the same time, we see a gap between use and production," he told the conference participants. "The world has produced more wheat than we used in only two of the last nine years."
The pressure on world wheat stocks is likely to stay fairly strong,
Tracy said. "Demand for vegetable oil, feed grains and meat is rising even
faster than for food grains. Factor in the biofuels boom and transgenic
trait benefits to corn, soybean and canola producers and you can see that,
at least for now, wheat can only compete for hectares with higher
A whole Lot of Auctioning to Go On Down in Cowtown This Month.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cattle showing and cattle selling go hand in hand at the Southwestern Exposition and Livestock Show and the selling will be conducted at various auctions during the 112th edition of the Show that runs from January 11 thorough February 3. Longhorn, Braunvieh, Angus, Limousin, Maine-Anjou, Charolais, Hereford and Polled Hereford Commercial Females will all go on the block in 10 auctions at the Will Rogers Memorial Center in Ft. Worth, Texas.
"One of our goals is to provide sales offering quality cattle that progressive ranchers want to have in their herds back home," said Bradford S. Barnes, Stock Show executive vice president / general manager. "We're proud that our auctions have set records for the past several years."
The schedule of auctions include:
"Hat's Off to Women in Agriculture" (The Theme of the 2008 Women in Ag Conference being held next month)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The 2008 Women in Ag Conference will recognize the many roles that women play in today's agricultural community and provide these women with management skills that are needed to make informed business and family decisions. As we mentioned above, the 2008 theme is "Hats Off to Women in Agriculture."
The Women in Ag Conference is planned for February 7, 2008 from 8:30-3:00pm at the Renfro Center on the Northern Oklahoma College Campus in Tonkawa. Registration will be just $15, with the deadline February 1, 2008. You can pick up registration forms at banks, chamber of commerce, agricultural businesses, or call the Kay County Conservation District at 580- 362-2438 for more information.
The General Conference Speakers will include Joe Kreger, former Poet
Laureate of Oklahoma and Mark Gibson, 8th District Attorney who will speak
on "Fraud and Exploitation of the Elderly." There will also be numerous
Break Out Sessions including:
One of the Big Stories in 2007- Ethanol- Continues to be on the Minds of Cattlemen as we begin 2008.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We were talking about the controversy of ethanol as it relates to feed grain prices as we began 2007- and the arguments are largely unchanged as we begin 2008- except that with the passage of the Energy Bill at the end of this past year- we have a guarantee that this topic will impact the cattle industry for decades to come.
Jay Truitt joins us as we talk about the longer term implications that surround grain based ethanol and cellulosic ethanol for the livestock sector both today as well as for years into the future. We talk about this "big picture" topic on today's first Beef Buzz of 2008- heard on great radio stations across the state on the Radio Oklahoma Network, and can be accessed on our web site, WWW.OklahomaFarmReport.Com. We have many of our Beef Buzz reports on our site on the- you guessed it- Beef Buzz page!
AND- we have today's Beef Buzz linked directly for you below as you can hear Truitt from a year ago as went to Nashville and the 2007 Cattle Industry Convention- and you will quickly realize how little has changed over the last year in this debate.
If you are a Cattle Producer- you gotta love the Double Cheeseburger Battles of the New Year!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I have been told that one of the biggest sellers on the McDonalds menu is the Double Cheeseburger, which they continue to feature on their dollar menu. A lot of pounds of beef are moved with this one sandwich alone.
Well, the Golden Arches faces big competition as I have seen the new Double Cheeseburger being offered by Wendy's advertised during the College Bowl Game lineup over the last few days- not just once or twice, but several times- call me slow, but it took me a few times before I figured out the ad with the crowd of Lincolns being offered a pep talk by a guy with a Wendy's hair piece on- I finally understood these Lincolns represented the 99 pennies that it takes to buy a Double Cheeseburger from Wendys.
While the value cuts are great- and promotions that show off a juicy steak are nice- you can still sell a lot of pounds of ground beef when a battle breaks out between two of the big players in fast food- by the way, I have seen a couple of ads by McDonalds touting their double cheeseburger for a buck- just not as many as the other guys.
A Crazy Weather Year in 2007- Wetter Than Ever- but mighty dry in between those downpours.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In the Central District of Oklahoma, it was the wettest year on record- even as we had several stretches of very dry conditions. Overall, the state of Oklahoma ended up with the tenth wettest year on record in 2007, with just over forty one inches of precipitation total for the year.
The districts varied from sixteen and a half inches of rainfall in the Panhandle this past year to 52 and a quarter inches of rainfall in the central district- this based on the data compiled by the Oklahoma Climatological Survey.
We have saved a couple of maps for you to take a look at that show the total rainfall across the state for 2007- and the second map shows us the deviation from "normal" on a statewide basis. They are interesting to take a look at- and we have them linked on our weather page at WWW.OklahomaFarmReport.Com. Check them out by going to the link we have below.
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