~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday October 2, 2009A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Ag Appropriation Bill Passes
-- Wheat Market Remains Solidly in a Rut
-- Latest Dairy Herd Retirement Coincides with Beef Cow Culling Season
-- Saying Goodbye to Wheat Farmer AND Conservationist Henry Bellmon
-- OK Steer Feedout registration deadline October 15
-- The Basics When It Comes to Getting that Beef Animal Ready for the Showring
-- Ranchers Bull Sale This Coming Monday October 5th at Express Ranches
-- 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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Producers Cooperative Oil Mill, with 64 years of progress through
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information on the oilseed crops they handle, including sunflowers and
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sunflowers on the PCOM
website- go there by clicking here.
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Ag Appropriation Bill Passes
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~As expected, the Agriculture Appropriation bill for fiscal 2010 was approved by conferees of the Senate and House. The bill provides funding for Department of Agriculture, the Food and Drug Administration, the Commodity Futures Trading Commission and the Farm Credit System.
The bill provides 350-million dollars for Dairy Assistance; and includes language to protect the public's health with respect to poultry products imported from China. Also, funds are provided for the National Animal Identification System; Country of Origin Labeling; carbon inventory and accounting; and a pilot program on reforestation.
Overall, the bill provides for the investment of more than 82-billion dollars for domestic nutrition assistance - most goes to the Supplemental Nutrition Assistance Program. Other funds go to support: food and drug safety; international food aid; agriculture research; rural development; agricultural credit insurance fund; conservation programs; and the Commodity Futures Trading Commission.
Wheat Market Remains Solidly in a Rut
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Grain Marketing Economist Dr. Kim Anderson says that the wheat market finds itself in a trading range- with little prospect of breaking out in the near future either higher or lower. Dr. Anderson says that wheat stocks remain a burden to the market- and no relief is in sight.
In talking with Clinton Griffiths of OSU's weekly TV production SUNUP, Kim Anderson said he had heard from many wheat farmers who were half way or more done wuith planting their 2010 winter wheat crop. He added that some producers were waiting for a little more moisture before heading back to plant any more acres at this point.
We have Kim's comments with Clinton Griffiths that will be heard this weekend on SUNUP on our website this mroning- you can click on the link below and listen to them- as well as preview what other things will be coming up on this weekend's SUNUP program on OETA. By the way, we do say Congrats to Clinton and his team as they begin their second year of serving Oklahoma agriculture with the weekly version of their TV program
Latest Dairy Herd Retirement Coincides with Beef Cow Culling Season
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cooperatives Working Together (CWT) has announced the implementation of its third herd retirement in 2009, effective yesterday, October 1, 2009. The timing of this latest dairy retirement, at the height of beef cow culling season, could have a negative impact on cull cow prices this fall.
Last week's total cow slaughter was 26% less than the same week in 2008, and year-to-date cow slaughter was down nine percent. Usually this would mean a much stronger cull cow market--except lean trim and cull cow prices are down more than 10% from year-ago levels. This is in part due to increased lean-beef imports from Australia earlier this year as a result of a stronger U.S. dollar and softer demand for ground beef. However, the decline in the U.S. dollar against its Australian counterpart suggests fewer beef imports for the balance of 2009. This sense of optimism, however, is somewhat muted by today's CWT announcement. If this round of the CWT were to involve a cull of 50,000 cows in a 30-day period, it could result in a $3.00/cwt negative impact on cull cow prices. Cull cow prices could potentially struggle into 2010, depending upon the exact timing of this cull.
As the economy continues to exhibit sluggish signs of growth, beef demand continues to struggle. Our cattle feeding sector alone has seen equity losses of over $7 billion going back to December 2007. At the same time, the beef complex overall is under unrelenting duress due to huge pork supplies and pork prices that seem to give wholesale beef prices no ability to gain altitude, despite seasonal improvement in cattle supplies. In these challenging times, it's more important than ever that all non-market related and policy decisions take into account the seasonal and psychological impacts that they have on the beef and other industries.
Saying Goodbye to Wheat Farmer AND Conservationist Henry Bellmon
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The state of Oklahoma continues to remember the life of Governor Henry Bellmon, who passed away earlier this week. The family will be receiving friends on the fourth floor Rotunda of the state Capitol TODAY, October 2, 2009 from 10:00 am to 4:00 pm. Two services will be held on Saturday Oct 3, 2009. The first will be at 10:00 am at the First Presbyterian Church in Edmond; the second will be in Perry at the First Presbyterian Church at 3:00 pm.
Mike Thralls, Executive Director of the Oklahoma Conservation Commission, offers some insights to the Governor and Senator from Billings. He calls Bellmon not just a statesman- but also a Conservationist.
"In addition to the significant accomplishments you have read in recent days, you should know Governor Bellmon was also a conservationist. When he returned from WW II one of the first purchases he made was a surplus Caterpillar dozer that he used to build conservation terraces, waterways and ponds both as a contractor and on the family farm. During his tenure as Governor, he signed the bill designating Port Silt Loam as the state soil. He also designated the Commission as the lead agency for section 319 of the Clean Water Act. A longtime supporter of the USDA-NRCS Small Watershed Program, and after reaching the milestone of 80, he wanted to see an additional dam built in the Upper Red Rock Watershed to help prevent the flooding with resulting closing of I 35 in Noble County. So he worked with Congressman Frank Lucas to obtain the funds for construction of Site 52 Upper Red Rock Creek, and attended the groundbreaking in October 2004. This last year I had the opportunity to look at a portion of his land he was offering for lease. As we drove over this half section of grass fenced for rotational grazing and with Henry at the wheel, he talked about the new stand of native grass that he wanted to make sure would not be overgrazed, the pecan orchard that needed continuing care, and how to manage the Bermuda grass along Red Rock Creek by haying rather than grazing. I agree with Governor Henry's statement that Henry Bellmon was more about doing than talking. He is certainly an example of character, ability and perseverance worthy of emulation."
OK Steer Feedout registration deadline October 15
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cattle producers looking to maximize the profit potential of their cow-calf herd need to register no later than Oct. 15 to take part in the Oklahoma Cooperative Extension Service's 2009-2010 OK Steer Feedout. The OK Steer Feedout is an information feedback program that allows cow-calf producers the opportunity to evaluate the genetic merit of their calf crop for feedlot performance and carcass merit.
Steer delivery date for the upcoming test is Nov. 16, which makes the 45-day weaning date Sept. 25. Producers may enter five or more steers born after Nov. 1, 2008, in the test. Cost is $25 per producer. The feed bill is removed from the final carcass payment. "Profit potential exists by marketing value-added cattle that meet feed efficiency and carcass merit targets," said Greg Highfill, Oklahoma State University Cooperative Extension area livestock specialist. "This will be the second year of the revised feedout format."
"Taking part in the OK Steer Feedout is a great way for producers to
monitor the genetic progress of their cattle breeding program," Highfill
said. "Producers need a baseline to understand where their operation is
and what they need to do to improve operational efficiency. This program
gives cow-calf producers that information."
The Basics When It Comes to Getting that Beef Animal Ready for the Showring
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~To assist beginning showmen of all ages, the American Angus Association and the National Junior Angus Association have developed a Fitting and Showing video, taking viewers through step-by-step instructions on how to wash, rinse, comb, dry, clip and fit an animal. The video includes tips for show day preparations, needed supplies, final touches and proper showmanship.
The Angus folks have posted this video up on YouTube- and we have the link below for you to go and take a look. The link below is for part one- the video is actually posted on YouTube in two parts.
Ranchers Bull Sale This Coming Monday October 5th at Express Ranches
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The fall sale season is in full swing- and one of the bigger sales of the fall will be this coming Monday, October 5th at Express Ranches in Yukon. It's their annual Ranchers Bull Sale- and over a 1,000 head will sell.
The Sale begins at 12:00 Noon - Selling 232 Angus Bulls, followed at 2:30 p.m. when they Sell 35 Lim-Flex Bulls & Limousin Bulls; at 3:30 p.m. Express will offer 30 Registered Angus Pairs & 20 Commercial Pairs followed by 700 Commercial Bred Heifers.
Bob Funk and Jarold Callahan write in the sale catalog that "Our objective is to produce balanced trait, problem-free cattle that have moderate birth weights with excellent growth, moderate milk and superior carcass with regard to both marbling and ribeye. With all of us experiencing increased production costs, we realize one of the most important economic decisions you make is your selection of bulls to keep your operation profitable." We have details on the sale- including your chance to download the catalog for the October 5 sale- click on the link below to jump to our listing in our auction section of our website.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Thursday Apache, Oklahoma livestock auction featured just over 2,300 head of cattle, with prices on calves $1 to $3 lower, while yearlings were priced $2 to $4 cheaper than a week ago. The Five to Six hundred pound steers sold from $90 to $106.25, while seven to eight hundred pound yearlings cleared from $90 to $96.75. Click here for a complete look at the prices from Stocksman's Livestock in Apache for October first.
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 $6.95 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.25 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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