~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday October 12, 2009A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Grand Champion Steer at Tulsa State Fair Brings $35,000 for Ky Stierwalt of Leedy FFA
-- Top Hereford Steer at Tulsa State Fair Purchased in Memory of A.J. Smith
-- Farm Bureau Economist Looks at Crop Production Estimates
-- Cull Cow Marketing Considerations with Dr. Derrell Peel
-- Vilsack Meets New Japanese Ag Minister
-- OWGA's Tim Bartram Travels to South America and Mexico with US Wheat
-- Esco Land and Cattle Company Sale Coming a Week From Today in Allen
-- 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 proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555.
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Grand Champion Steer at Tulsa State Fair Brings $35,000 for Ky Stierwalt of Leedy FFA
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We have coverage from the Tulsa State Fair Premium Sale of this past Friday- Click on the name of each of the Grand Champion winners to see pictures, and get a rundown of the Grand and Reserve sales and the Breed winners from Tulsa as well.
We start with the Grand Champion Steer, shown by Ky Stierwalt of the Leedey FFA Chapter. The winning bid was $35,000. Winning the bid for the Grand Champion Steer was James Roderick of the Collinsville Livestock Auction market. Ky is no stranger to owning the first animal sold in a premium auction- the Redlands Community College Freshman has had five Grand Champion Steers during his career.
Levi Herren of the Canadian County 4-H showed the Grand Champion Barrow that came to the Premium sale as the Champion Crossbred and the overall Champion of the 2009 Tulsa State Fair Market Hog show. Levi drove his animal around the sale ring as bidders took the final price for his barrow to $14,000. The twelve year old receives his premium payday from a combo bid from L.C. Neal and Kent Show Feeds.
McKenzie Clifton of the Kingfisher FFA showed the Grand Champion Wether Lamb at the 2009 Tulsa State Fair. McKenzie, a freshman this fall at Oklahoma State University, saw her lamb bring $13,000 with the premium purchase made by Jerry Murphy, who operates the Amusement rides at the Tulsa State Fair, as well as by Spirit Bank.
Greenroyd of the Noble FFA showed the Grand Champion Wether Meat Goat
at the Tulsa State Fair and sold his Grand Champion at the 2009 Premium
Sale midday Friday for $7,500- the buyer paying the premium was Clark
Top Hereford Steer at Tulsa State Fair Purchased in Memory of A.J. Smith
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~It was a special moment early Friday afternoon at the Premium Sale of the Tulsa State Fair. A whole host of folks banded together and bought the Champion Hereford Steer at the Premium sale in memory of A.J. Smith, former Editor of the Oklahoma Cowman, who passed away earlier this year. Colton Strickland of Inola 4-H was the proud owner of the Hereford Steer, getting $7,000 for his efforts.
Among those that came together for this special purchase were Ron Bormaster and John Sampson of Midwest Farm Shows, Oklahoma Farm Bureau, American Farmers & Ranchers, Oklahoma Cattlemen, Oklahoma Cattlewomen, Oklahoma Junior Cattlemen, Oklahoma Cowman Magazine, Oklahoma Pork Council, Chisholm Kinder, and State Representatives Steve Kouplen and Eddie Fields.
Click on the link below for a look at the group that came together to buy this steer- and you can listen to some quick comments from John Sampson about this effort to honor A.J. Smith.
Farm Bureau Economist Looks at Crop Production Estimates
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~American Farm Bureau Federation senior economist Terry Francl says a strong export and crush demand and a tighter-than-expected supply report from the Agriculture Department should mean an improving price picture for soybeans. USDA's October crop report forecasts soybean production at a record high 3.35 billion bushels, up 10 percent from 2008.
But, Francl cautions - disease and harvest delays due to wet weather in many areas could potentially reduce the USDA soybean production estimate in future months. He predicts this potential, coupled with strong export demand, may also produce a strong post-harvest recovery for soybean prices.
At the same time USDA is also forecasting a near record corn crop with
production pegged at 13 billion bushels in the October report. Lagging
corn maturity and the forecast for a killing frost this weekend could have
some impact on yields. Francl doesn't see much of an impact. But, he says,
this will likely result in higher drying costs for farmers and the
potential for lower quality grain and price discounts.
Cull Cow Marketing Considerations with Dr. Derrell Peel
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Livestock Marketing Economist Dr. Derrell Peel offers some thoughts about the cull cow market for this fall. he writes "Cull cows have the most pronounced seasonal price pattern of any class of cattle and one of the most reliable patterns as well. Cull cow prices typically bottom in late October through November and rise from December through the first half of the year. A ten-year average shows that cull cow prices in the Southern Plains tend to increase from the November low by eight percent into January; 15 percent into February; and about 18 percent into March and April. This means that more years than not a producer can take a thin cull cow in November and add some weight and sell more pounds at a higher price by holding the cow until February or March. Additionally, a thin cow that moves up, say one body condition score may bring an additional carcass premium compared to her condition at culling. Obviously the economic feasibility of this depends on the costs and availability of feed resources and a number of management considerations. The costs of gain are significant as cows are relatively inefficient in terms of feed conversion. Additionally, retaining cull cows is not recommended for cows that are not fundamentally sound and healthy.
"There are some unique considerations as well as typical market considerations for culling this fall. Cull cow prices weakened in July and have remained soft into the fall. Much of the weakness is due to softness in the processing meat sector, driven by ample competing meat supplies and the availability of competitively priced imported processing beef. Additionally, the dairy sector has funded dairy cow liquidation programs that have added price pressure in specific weeks and in specific locations. After two rounds of dairy cow buyout that resulted in spikes in cow slaughter in May/June and in September, the dairy industry (Cooperatives Working Together or CWT) has announced a third buyout for 2009. The timing of the slaughter of these cows will likely be in November, precisely on top of the seasonal peak in beef cow culling. This may add another reason for beef cow-calf producers to consider retaining and feeding their cull cows this year.
"The concern for the timing of this third round of dairy cow buyout is not so much that it drastically changes the overall supply and demand picture for cull cow markets. The fact is that so far this year the increase in dairy cow slaughter has been matched by decreased beef cow slaughter and total cow slaughter for the year is up only slightly from year ago levels. The problem is more localized in that the two to three week surge in dairy cow slaughter in November may seriously impact cull cow prices in certain locations where the dairy cows are being marketed."
Vilsack Meets New Japanese Ag Minister
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Ag Secretary Tom Vilsack, Friday, met with the newly appointed Minister of Agriculture, Forestry and Fisheries for Japan. Vilsack and Hirotaka Akamatsu, discussed necessary steps toward a successful conclusion of the Doha Development Agenda and issues affecting our bilateral trade in agricultural products.
On the issue of beef, Secretary Vilsack emphasized the importance of basing policy on World Organization for Animal Health standards, and Minister Akamatsu expressed his commitment to have food safety regulations based on scientific knowledge. The two countries both agreed to a continuing dialogue on this important issue.
The news release from the USDA added this extra bit of spin which
perhaps shows that the new administration understands it is important to
get some improvement in our access into the Japanese market for our beef.
"The Japanese market is an extremely important market for America's
farmers, ranchers and exporters and today's meeting marked an important
step in the Obama Administration's effort to continue and expand this
OWGA's Tim Bartram Travels to South America and Mexico with US Wheat
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Tim Bartram, Executive Director of the Oklahoma Wheat Growers, has been on the road in Latin America this past week as he has traveled on a special trip into several countries arranged by U.S. Wheat Associates.
Steve Mercer of the US Wheat Associates Washington office gave us this rundown on the travels south. "USW is sponsoring this educational trip to important Latin America countries to increase the understanding of wheat industry leaders who are not USW board members (USW also sponsors 2 or 3 Board Team trips each year -- intense, regional visits arranged per the organization's bylaws to give Board members the chance to review the work of local USW offices, to learn about local milling wheat needs and to thank milling and baking customers for their business). The purpose of the travel is to familiarize state wheat officials with USW activities overseas, the operations and views of wheat and flour buyers and users, and obtain the views of government officials on international wheat trade. The trip has focused on USW activities and meeting with important buyers and users of US wheat and with government officials in select countries."
The travel included stops in Colombia, Peru, and Mexico. On the trip with Bartram are Brian Linin, Goodland, KS, representing Kansas Wheat; Gordon Stoner, Outlook, MT, representing Montana Grain Growers Association; Scott Brown, Soda Springs, ID, representing the Idaho Wheat Producers Association; Rick Callies, VP, Marketing Programs, U.S. Wheat Associates, Arlington, VA; and Kody Bessent, Executive Assistant/Producer Relations, Texas Wheat, Amarillo, TX.
Esco Land and Cattle Company Sale Coming a Week From Today in Allen
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Third Annual Production Sale of Esco Land and Cattle Company is coming up on Monday, October 19, 12 noon, at the ranch in Allen, Oklahoma.
They'll be selling 63 January thru April 2008 Angus Bulls, 70 Registered Angus Fall Pairs & Bred Heifers and 226 Commercial Spring Bred Heifers.
Esco Land and Cattle Company is the Four "P" ranch- where Pride, Predictability and Performance is our Promise.
For more information call Eddie Sims at 580-492-4590 or Tony Stidham, Herd manager at 580-332-3653. You can also click on the link below for more on the sale and a look at the catalog of the sale offering as well.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.40 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.55 per bushel- delivered to local participating elevators that are working with PCOM.
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:
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