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We
invite you to listen to us on great radio stations
across the region on the Radio Oklahoma Network
weekdays- if you missed this morning's Farm News - or
you are in an area where you can't hear it- click
here for this morning's Farm news
from Ron Hays on RON.
Let's Check the
Markets!
Today's
First Look:
Ron
on RON Markets as heard on K101
mornings
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
Etc.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Current
cash price for Canola is $12.87 per bushel at the Northern
Ag elevator in Yukon as of the close of business
Tuesday.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
KCBT
Recap:
Previous Day's Wheat Market Recap-Two
Pager from the Kansas City Board of Trade looks at all
three U.S. Wheat Futures Exchanges with extra info on
Hard Red Winter Wheat and the why of that day's
market.
Feeder
Cattle Recap:
The
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
Slaughter
Cattle Recap:
The
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
TCFA
Feedlot Recap:
Finally,
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Thursday,
July 5,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
USDA
to Expand Testing for Drug Residues in
Meat
The
U.S. Department of Agriculture's Food Safety and
Inspection Service (FSIS) announced on Monday July
second new steps to safeguard the food supply and
to protect consumers nationwide. Later this
summer, the Department will launch a new approach
to its testing to protect the public from exposure
to harmful levels of chemical residues in meat,
poultry, and egg products.
"The new
testing methods being announced today will help
protect consumers from illegal drug residues in
meat products," USDA Under Secretary for Food
Safety Dr. Elisabeth Hagen said.
"By allowing us to test for more chemical
compounds from each sample, these changes will
enable USDA to identify and evaluate illegal drug
residues more effectively and efficiently."
Through its National Residue Program
(NRP), FSIS tests for the presence of chemical
compounds, including approved (legal) and
unapproved (illegal) veterinary drugs, pesticides,
hormones, and environmental contaminants that may
appear in meat, poultry, and egg products. The
new, modern, high-efficiency methods that FSIS is
announcing today will conserve resources and
provide useful and reliable results while enabling
the Agency to analyze each sample for more
chemical compounds than previously
possible.
Click here to read more about the
USDA's expanded testing program.
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Sponsor
Spotlight
We are pleased to
have American Farmers & Ranchers
Mutual Insurance Company as a
regular sponsor of our daily update. On both
the state and national levels, full-time staff
members serve as a "watchdog" for family
agriculture producers, mutual insurance company
members and life company members. Click here to go to their AFR
website to learn more about
their efforts to serve rural
America!
We
welcome Winfield Solutions and
CROPLAN by Winfield as
a sponsor of the daily email- and we are very
excited to have them join us in getting
information out to wheat producers and other key
players in the southern plains wheat belt more
information about the rapidly expanding winter
canola production opportunities in
Oklahoma. CROPLAN has had three varieties in
the winter canola trials this year- all
three Glyphosate resistant- HYC115W, HYC125W
and HYC154W. Click here for more information on
the CROPLAN lineup for winter
canola.
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Canola
TV--Matching Canola Variety Decisions to
Conditions Maximizes
Potential
Planning
is in full swing for next year's winter canola
crop and Justin Stejskal of
Croplan says demand is growing for four
Roundup-ready varieties his company offers. He
tells us in the latest edition of Canola TV that
early maturity seems to be a major consideration
for many producers.
"High Class 110W is the
earliest-maturing variety we have. It's a great
fit for a guy who wants to plant a lot of acres
out there and wants to get the quickest maturity
so he can get started harvesting on something
else."
For those concerned we may be
heading into another drought, Stejskal recommends
115W.
"One-fifteen is an SU-tolerant
variety. I feel it is our most stress-tolerant
variety we have out there. We've planted 115 in a
lot of different situations and it's been a very
good, consistent performer across the board in
those situations. We also had very, very good
results in Dr. Arnauld's pH study he did last
winter."
You can catch Justin Stejskal on
Canola TV by clicking here.
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Feeder
Cattle Prices Crater- The Question is Why?
Why
have feeder cattle prices been steadily heading
lower over the last several weeks? USDA market
news reporter Ed Czerwein in
Amarillo, Texas has responsibility for writing up
the market report for the Superior Video Livestock
auction- and he offered a detailed set of reasons
why feeder cattle have struggled since late May.
Here is his commentary as released on July 2nd on
why the bubble has burst on the feeder cattle
trade:
"Compared to the last sale Feeder
steers and heifers prices for current, summer, and
fall delivery were generally $6.00-$12.00 lower
following the significant and steady decline on
the CME that occurred in the past couple of weeks.
All types of feeder cattle markets experienced
this massive decline led by liquidation in the
CME. Regional auctions and direct ranch to feedlot
trades have also been down from $3.00-$8.00 each
week for consecutive weeks of losses during the
month of June. The unfortunate situation for the
video auction is that all of the accumulated
losses since the previous auction three weeks ago
show up at one time, while the area auctions have
posted the same losses just that they have been
split up over several weeks. The nearby month for
the CME Feeder Cattle option had reached its peak
and closed at $161.15 early in June then fell to a
$147.70 close on Tuesday during the Video auction
putting tremendous pressure on all feeder cattle
markets in all regions."
Click here for more of Ed Czerwein's
analysis of the bursting bubble in feeder cattle
markets.
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Repercussions
of the 2011 Drought Continue, Worsen With
Decreasing Rainfall
In
the July issue of the Samuel Roberts Noble
Foundation newsletter, Chuck
Coffey warns cattle producers that we
haven't fully recovered from the 2011 drought as
2012 is now turning out dry as well.
I
don't like talking about the "D-word," but the
effects of the 2011 drought will be felt for years
to come throughout the Southern Great Plains and
the Southwest due to its severity. Limited
rainfall and record heat forced the liquidation of
livestock, the likes of which most of us have
never seen in our lifetimes. Only the most astute
land managers will recover quickly, while the
majority will experience lasting effects. It may
take as many as three to five years for some to
fully recover and that is only if we see good
years along the way.
On May 24, 2012, Gary
McManus, associate state climatologist with the
Oklahoma Climatological Survey said we were
experiencing a "flash drought." Warm temperatures,
limited precipitation, windy days and a tremendous
flush of cool-season annuals worked together to
rapidly remove most of the stored moisture from
the soil. This combination does not bode well for
the months to come. Looking at rainfall for May,
south-central Oklahoma was 48 percent of normal,
while the state as a whole was only 34 percent of
normal. May 2012 was the fourth driest on record.
Consequently, much of the state is designated as
abnormally dry, which could rapidly worsen to
moderate or severe drought if the trend continues.
Figure 1 shows the percentage of normal rainfall
Oklahoma received in May.
To read more of Chuck Coffey's
suggestions for preparing for a continuing
drought, please click here.
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Nitrate
Concentration in Sorghum Forages Not Affected by
Time of Day During Harvest, Selk Says
Does
changing the time of day one cuts forage sorghum
change the nitrate content in the forage?
Glenn Selk, Oklahoma State
University Extension animal scientist emeritus
tackles that question in the latest Cow-Calf
Newsletter.
Summer annuals are often used
by cattle producers for summer grazing or
harvested for hay. Plants such as Sorghum-Sudan
hybrids, Sorgo-Sudan hybrids, Sudan-Sudan hybrids,
and millets, all fall in this category. These
summer crops can be very productive and high
quality, but can also accumulate toxic levels of
nitrate when stressed. The heat and dry weather of
the past two weeks has caused many of these plants
to become very
stressed.
Based on the
assumption that the plant continues soil nitrate
uptake during nighttime hours, followed by
accelerated conversion of the nitrate to protein
during daylight hours, previous recommendations
have been to wait until afternoon to cut forage
sorghum for hay if anticipated nitrate levels are
marginally high.
To
evaluate the significance of the change in nitrate
concentration in forage sorghums during the day,
Oklahoma State University Extension Educators
collected samples at two hour intervals from 8 AM
to 6 PM. Five cooperator's fields ("farm") were
divided into quadrants. Three random samples,
consisting of ten stems each, were taken from each
quadrant at the specified interval. The samples
were analyzed at the Oklahoma State University
Soil, Water, and Forage Analytical Laboratory to
determine the level of nitrates, in parts per
million (ppm).
You can find more information from
this study by clicking here.
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Oklahoman
Brings Fresh Perspective as New President of
Livestock Marketing Association
The
Livestock Marketing Association (LMA) is pleased
to announce Tim Starks as
President for the 2012-2014 term. Unlike many past
presidents, Starks did not grow up in the
livestock auction marketing business. Starks grew
up on a farm and ranch operation near Cherokee,
Okla., where for 30 years he was a customer of the
local auction markets.
After graduating
from Oklahoma State University (OSU) with a degree
in agricultural economics in 1989, he pursued a
degree in veterinary medicine, which he received
from OSU in 1992.
Following graduation,
Starks return home and purchased a veterinary
practice next to the local livestock market in
Cherokee. He and his wife, Jennifer, began a
family and raised two children of their own,
Garrett and Macy. Over the years, they have been
foster parents to numerous children, and recently
adopted an eighteen-month-old boy.
Click here for more of the story on
Tim Starks, LMA's new president.
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As
They Prepare for their 60th Convention- We Welcome
the Oklahoma Cattlemen's Association to Our Email
Sponsor Family!
We
are very pleased to welcome this first week of
July our newest Email supporter- the
Oklahoma Cattlemen's
Association. The OCA is proud to be
the corporate "voice' of Oklahoma cattle
producers- and if you are not already a member of
the OCA- we invite you to check out their website
and learn more about this organization that has as
one of it's primary goals "EDUCATE our members on
current rules and regulations, as well as the
latest developments in research and production
techniques to maximize profitability." Click here to learn more about
advantages of aligning your cattle operation with
this great organization!
Even
as we hook up with the OCA- their staff and
leadership are very busy getting ready for the
60th Annual Convention and Trade Show of the
organization that will include not just meetings
for the OCA, but also for the Oklahoma Cattlewomen
and the Oklahoma Junior Cattlemen's Association.
They will be meeting once again at the Reed Center
in Midwest City- this year's dates are July 26-28,
2012. Among their always great lineup of
speakers will be the brand new OSU Animal Science
Department Head Dr.Clint Rusk, as
well as brand new OSU Extension Beef Cattle
Specialist Dr. Megan Rolf.
You can learn more about their convention and how
you can register to be there later this month by
clicking here.
Thanks
OCA- we are delighted to have you on board as a
Email Supporter!
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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