~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday November 23, 2009A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Cattle on Feed Lines Up with Pre Report Guesses
-- New Poll Suggests Oklahomans Overwhelmingly Support Wind Development
-- Heading For Winter- 2010 Oklahoma Wheat Crop Looking Good
-- Get a Life!
-- Senate Votes to Move to the Health Care Debate
-- Cadillac or Bargain Cattle- Stocker Choices to Be Made
-- Holiday Schedule Ahead
-- 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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website- go there by clicking here.
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Cattle on Feed Lines Up with Pre Report Guesses
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~USDA has released their monthly Cattle on Feed numbers- and at first glance, they are not as bearish as was predicted by the trade. Tom Leffler of Leffler Commodities said the report offered no big surprises- and there was a friendly bit of news that the Placements were a little less than the trade was expecting.
USDA reports that Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on November 1, 2009. The inventory was 1 percent above November 1, 2008.
Placements in feedlots during October totaled 2.47 million, 1 percent
above 2008. Net placements were 2.42 million head. During October,
placements of cattle and calves weighing less than 600 pounds were
615,000, 600-699 pounds were 645,000, 700-799 pounds were 579,000, and 800
pounds and greater were 635,000.
We have comments with Tom Leffler, as well as more details of the report- including getting into some of the state by state numbers- just click on our link below to jump to our webpage on our website, www.OklahomaFarmReport.Com
New Poll Suggests Oklahomans Overwhelmingly Support Wind Development
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahomans share high optimism about wind power, according to a recently released poll. The statewide public opinion poll by Cole Hargrave Snodgrass & Associates of Oklahoma City reveals that 91 percent of Oklahomans approve of the further development of wind farms for producing Oklahoma's needed electricity.
This recent study comes just as Oklahoma prepares for the 2009 Wind Energy Conference coming to downtown Oklahoma City on December 2nd and 3rd. "Oklahoma is ideal for wind development," said Robert Wegener, Oklahoma Secretary of Energy. "Oklahoma's traditional energy industry is the perfect complement to wind. We have an abundance of natural gas, which is a great partner for wind generation and development - together they offer a clean, renewable energy solution for the United States. For the last century Oklahoma has been a leader in the development and delivery of energy - wind is the 21st century complement to our existing energy industry."
The early December statewide confernece will feature nationally recognized experts, including Marc Spitzer, commissioner of the Federal Energy Regulatory Commission; Denise Bode, chief executive officer of American Wind Energy Association; and R. James Woolsey, venture partner and senior advisor at VantagePoint Venture Partners and former director, U.S. Central Intelligence (1993-1995).
Heading For Winter- 2010 Oklahoma Wheat Crop Looking Good
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Most of the 2010 wheat crop is now in the ground and growing- and Dr. Jeff Edwards, Oklahoma State Wheat Specialist, says what a difference a year (and moisture) makes. We talked with Dr. Edwards at the end of this past week about the 2010 wheat crop, wheat pasture prospects and conditions, the diversity of the wheat seed decisions for this fall and the current list of things to do for a wheat producer in the southern plains.
One of the worries that has been brought to the attention of Dr.
Edwards is the yellowing being seen in some wheat fields. He believes
there are three reasons for this yellowing. In a few cases, we have fall
leaf rust showing up. We are also seeing in a few cases where farmers
simply did not apply adequate nitrogen before or as they planted. The most
common scenario is probably the available nitrogen has been moved lower in
the soil profile because of the heavy rains in October- and the roots of
the wheat plant have not yet caught up with the nitrogen.
You can hear our full conversation with Jeff Edwards by clicking on the link below- Jeff is especially pleased with the continuing wheat seed planting decisions being made by Oklahoma producers- as a lot more Oklahoma producers are now trusting the varieties that have been developed by the wheat breeding efforts of Dr. Brett Carver at OSU.
Get a Life!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~That was the advice given by Oklahoma Senator Jim Inhofe to the Chairlady of the Environment and Public Works Committee after the Democratic leadership decided to back off the running of Climate Change legislation here in 2009, hoping to revive it in the first quarter of 2010.
Many political observers say it will be very hard to pass Climate Change next year, with so many key players facing reelection fights next November.
Now back to the top Republican on the EPW Committee, Oklahoma's senior Senator Inhofe. We have the YouTube link below of his comments to Senator Boxer- and they are a hoot! Take a look as Jim Inhofe seems to be as satisfied as the cat that swallowed at least two canaries.
Senate Votes to Move to the Health Care Debate
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~One of the reasons that Climate Change was not being pushed here in 2009 is this bigger fish that the Majority party is hoping to catch- a massive Health Care Remake. Saturday night, Senate Ag Committee chairman Blanche Lincoln of Arkansas joined fellow Democrat Mary Landrieu of Louisiana to vote for Cloture on the Senate's Health Care Bill. The motion passed 60 to 39. The bill, H.R. 3590, is now set for Senate debate. Debate could last weeks. Lincoln and Landrieu say they will press Senate Majority Leader Harry Reid of Nevada for further changes to the bill before committing to its final passage.
The Democratic caucus remains bitterly divided over a government-run insurance option. The 848-billion dollar Senate version represents the work of two committees and hundreds of hours of hearings and deliberations. Democrats admit their victory represents just the end of the beginning. The debate on Health Care will get underway after the Thanksgiving holiday break.
The Senate bill would provide coverage to 31 million uninsured Americans by vastly expanding Medicaid and creating insurance "exchanges" for individuals who do not have access to affordable coverage through their employers. For the first time, it would require most people to carry health coverage, although families with incomes up to 400 percent of the federal poverty level would receive subsidies to buy policies.
Cadillac or Bargain Cattle- Stocker Choices to Be Made
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Extension Livestock Economist Dr. Derrell Peel says stocker producers generally have a number of choices regarding stocker cattle purchases including the initial weight, quality and gender of animals. In some situations, there is more profit potential in buying "bargain" cattle that will require more health management and rely less on gain. In other situations, the most profit potential comes from buying "Cadillac", high quality animals that are healthy and ready to maximize gain performance. The appropriate choice for a particular producer will depend a number of considerations including management factors such as labor and expertise to provide health management for mismanaged, highly stressed or lower quality cattle; to the quantity and quality of feed resources available; along with current market conditions. In the case of dual-purpose winter wheat, the length of grazing period available is also a critical consideration.
With a significant acreage of late planted winter wheat in Oklahoma, many producers are only now buying stockers for winter grazing. The available time period is dwindling and there may be only 80-90 days of grazing before First Hollow Stem (FHS) dictates removal of the cattle in order to harvest the grain crop. If producers are in a position to decide now about grazing out the wheat then another 75 or so days of grazing are available. With average relationships between stocker purchase prices and feeder selling prices, 80-90 days is barely enough or sometimes not enough time for a stocker enterprise to become profitable. The time required to make a stocker enterprise feasible is determined by the amount of rollback between the purchase price and selling price as well as cattle quality as reflected in average daily gain and health.
So what's the answer here in 2009? Click on the link below for the rest of this article by Derrell Peel, as he tries to sort out the pros and cons of lighter calves versus heaver cattle here in 2009 on wheat pasture.
Holiday Schedule Ahead
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We will be writing and getting emails out to you the first three days of this week- and then will take off Thursday and Friday for Thanksgiving.
For those of you trying to sell cattle, most markets that operate on Wednesday through Friday are taking a holiday as well- check with that market before you round up any bovines to head to town with.
The Ag Futures markets will be closed on Thursday and will likely have a very light trading day on Friday, and that day will see an early close of open outcry trade.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, AFR and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites 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!
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Woodward had a total run of 4,000 cattle this past Friday- with steer calves called $2 to $5, with five to six hundred pound steer calves going from $97 to $115. Yearlings were steady to $2 higher, with seven to eight hundred pound steers selling from $91.60 to $96.50. Click here for the complete Woodward livestock report- it will be up online after 8 AM central time on Monday morning. Current cash price for Canola is $8.20 per bushel, while the 2010 New Crop contracts for Canola are now available are $8.40 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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