~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday May 28, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Protein Levels Could Point Direction of Cash Wheat Prices This Harvest Season
-- The PUSH is On- Winter Canola Harvest Rolling for 2010
-- Test Cutting in Tillman County of 2010 Wheat Crop
-- US Senate Now on Memorial Day Holiday Break- Agreement is Made to Consider Proposal to Stop EPA on Greenhouse Gas Regs
-- Grilling Season Kickoff This Memorial Day Holiday Weekend.
-- Thomas Group Wanting to Save Their Tech Ed Program Still Has Mountain to Climb to Raise Funds By Next Wednesday.
-- Memorial Day Holiday Weekend Dead Ahead- No Email on Monday
-- 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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Protein Levels Could Point Direction of Cash Wheat Prices This Harvest Season
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma State University Grain Marketing Economist Dr. Kim Anderson believes that cash wheat prices will have a "three" in front of them as we go through the harvest season- and that how much lower they might go will depend on the protein content of the 2010 crop. If we find low protein tests the norm this season- there could easily be another twenty to thirty cents of downside in current cash wheat prices in the state.
Dr. Anderson also talked with Clinton Griffiths of SUNUP about the relationship of wheat prices to the strength of the US dollar. Earlier in 2010, Anderson saw little tie between Yankee greenbacks and bushels of wheat- but in recent weeks- a stronger dollar has been matched by lower wheat prices- a sign, according to Anderson, that current wheat price levels are very sensitive to wheat export movement.
You can see Dr. Anderson on this weekend's SUNUP program on OETA Saturday morning- but you can get his audio analysis of this longtime watcher of the wheat market by clicking on the LINK below. Take a listen now and get a leg up on the markets before the three day holiday weekend kicks in.
Also at the link below- we have details of the rest of the SUNUP report for this weekend, to be seen on OETA- click and take a look at the lineup- as well as get an early listen to what Kim Anderson sees for this harvest season when it comes to wheat prices.
The PUSH is On- Winter Canola Harvest Rolling for 2010
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've got our first pictures of the 2010 Winter Canola Harvest coming from Temple in southwestern Oklahoma. Brent McIntyre writes us in an email - " These pictures were in my field 1 mile south of Temple, OK. Canola moisture started today at 9.8% about noon and got as low as lower 5% range as day went on. We are right at a week since swathed. Should be done with harvest (550 acres) tomorrow evening if no breakdowns. Dkw 4615 is this variety. Between my dad and my brother, we had Dkw 4110 and Dkw 4615 canola varieties.
Click on the link below to take a look at these pictures showing these fields with a combine in them, picking up the canola that was swathed a few days ago.
Also- remember- we would love to see your pictures from the 2010 harvest- CANOLA or WHEAT. Email them to us and we will share with our family of readers, listeners and viewers.
Test Cutting in Tillman County of 2010 Wheat Crop
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Facebook Page of the Oklahoma Wheat Commission had a quick report from Cassidy Grain in Frederick from Thursday afternoon about folks trying to get started with the 2010 wheat harvest in that area.
Cassidy Grain indicates to the OWC that "We received our first moisture sample today; it tested 15%. The wheat variety is Jagger and it is the earliest maturing variety. A few people will be cutting this weekend." They add that full scale harvest in that area probably won't be happening until the middle of next week.
Let us hear from you as wheat harvest draws closer- we will recap what we get from various sources on Tuesday morning in our next email- after the three day holiday.
US Senate Now on Memorial Day Holiday Break- Agreement is Made to Consider Proposal to Stop EPA on Greenhouse Gas Regs
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Leaders in the Senate this week reached a unanimous consent agreement to allow for debate on Senator Murkowski's "Resolution of Disapproval" (S.J. Res. 26) on Thursday, June 10. The National Cattlemen's Beef Association and several other ag groups strongly support this resolution as a critical tool to prevent the Environmental Protection Agency (EPA) from using the Clean Air Act (CAA) to impose economically devastating climate regulations on agriculture and other U.S. industries.
S. J. Res. 26 currently has 41 cosponsors, including three Democrats: Senators Blanche Lincoln (Ark.), Mary Landrieu (La.), and Ben Nelson (Neb.). Fifty-one votes are needed to pass the resolution.
EPA's "endangerment" finding (issued in Dec., 2009) provides the
foundation for the agency to regulate GHGs from small and large sources
throughout the economy (including farms, hospitals, office buildings and
schools) under the CAA, which is ill-equipped to address climate change.
S. J. Res. 26 would in effect reverse EPA's finding, and allow the complex
issue of climate change to be handled through thoughtful Congressional
debate, rather than unilaterally mandated by the EPA.
Grilling Season Kickoff This Memorial Day Holiday Weekend.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Gentlemen (and Ladies)- Light your grills! While Americans use their grill year round- the Memorial Day Three Day Weekend is traditionally seen as a key kickoff weekend for the summer "grilling season." With lots of featuring the two weeks leading up to Memorial Day- the hope is that a lot of beef, pork and poultry has been sold and will be grilled and consumed this weekend as people enjoy a cookout with families and or friends.
According to research that is now a couple of years old, right at 80% of Americans grill out- many of them year round. In a One Page Info Sheet that was prepared by Rick McCarty, who at the time was with the NCBA, beef is the choice of meats for the grill, with hamburgers the favorite of many many Americans.
Click on the link below- and you can see the review of the importance of grilling for moving beef, pork and poultry through the pipeline. One of the unknowns this grilling season is how willing consumers will be to pay higher prices for meat to throw onto the charcoaler- wholesale prices for the meat proteins are all up significantly compared to the Memorial Day 2009 weekend. While featuring offers a lot of value to consumers- the higher retail prices will likely mean some trading down, especially for those that want a thick steak this weekend.
Thomas Group Wanting to Save Their Tech Ed Program Still Has Mountain to Climb to Raise Funds By Next Wednesday.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We reported to you earlier this week about the Thomas School Board and the decision they have made to close the school's tech Ed program that is headed up by JC Scott. Scott has been there for six years- has had 89 students in their program this year and has helped both young people with life skills in construction and manufacturing- as well as had several young people go on to SWOSU in Weatherford and be a part of the Engineering-Technology program at the University. Southwestern is well known for their Pharmacy school- but the Engineering Technology School gives its graduates a chance to make the second best pay of any program (after Pharmacy grads) at the University- and Scott says that the Weatherford school has a 100% placement rate. Scott says he has been able to develop the program at Thomas Fay Custer to the point where they have sent several students on to SWOSU in this program- and more are in the pipeline.
The problem is that if that program is terminated- the pipeline closes
as well. The School Board offered those who protested the termination of
Scott and the program with a challenge- raise $48,000 by June 2 and the
program stays.The latest email we have received indicates they are just
shy of $20,000- and we wanted to share this story with you to give you a
chance to help- if you care to- as well.
We wish these folks working to get this done and JC Scott the very best as this community pulls together to keep what sounds like a good thing going.
Memorial Day Holiday Weekend Dead Ahead- No Email on Monday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We will take a pause on Monday and will not have an email update for you on May 31st- we will return with an email bright and early on Tuesday, June first.
After the three day weekend- we hope to have a feel for how winter canola harvesting is getting along, where we stand on getting combines into the wheat fields of our state, as well as a look at the just concluded (by that point) 2010 State Legislative Session.
Have a wonderful Memorial Day- take time to remember those who have served our country and given the ultimate sacrifice so that we may be free and able to chase our dreams in what is still the greatest place in the world to be a citizen of- the United States of America. God Bless our Country- I'm asking for a double dose of blessing this year.
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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 $7.35 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.35 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:
God Bless! You can reach us at the following: