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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 $13.22 per bushel at the Northern
Ag elevator in Yukon-
2012
New Crop contracts for canola are now available at the
same price per bushel- delivered to local
participating elevators that are working with PCOM.
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
Tuesday,
May 1,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Peel
Questions Whether Beef Cow Slaughter Declines are
Sufficient to Allow Herd
Expansion
The
effects of last summer's drought continue to
unfold and will continue for some time yet to come
says Oklahoma State University Extension Livestock
Marketing Specialist Derrell
Peel. In this week's Cow/Calf Newsletter,
Peel looks at how far beef cow slaughter rates
have to decrease until an expansion in the cow
herd can take hold.
In the aftermath of
last year's drought, it is taking some time to
determine where the industry is with respect to
stopping herd liquidation and beginning the
process of herd rebuilding. The first
consideration is that the drought continues in
force in the Southwest; in parts of the
intermountain Rockies; and in the Southeast. Some
additional drought forced liquidation is occurring
in these regions, though the magnitude of the
impacts on the broader market is much smaller than
last year. The aggregate numbers suggest that an
18 to 20 percent year over year decrease in beef
cow slaughter, combined with the slight increase
in beef replacement heifers reported on January 1,
will be needed to stop beef cow liquidation in
2012. Even sharper decreases in beef cow slaughter
will be required before any beef cow herd
expansion is possible.
Beef cow slaughter
is currently down 6 percent from last year, not
enough to stop additional liquidation. However,
the drop in beef cow slaughter has been much more
pronounced lately. In the last 4 weeks or reported
slaughter data, beef cow slaughter has averaged
nearly 18 percent less than the same period last
year. In the most recent data, weekly beef cow
slaughter was 26 percent less than one year ago.
If the current reductions in beef cow slaughter
persist for many weeks of the year, stabilization
of the beef cow herd inventory, or even fractional
growth in beef cow numbers, is possible in
2012.
Please click here to read more from
Derrell Peel.
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Sponsor
Spotlight
Midwest
Farm Shows is
our longest running sponsor of the daily farm and
ranch email- and they want to thank everyone for
supporting and attending the Southern
Plains Farm Show this spring. The
attention now turns to this coming December's
Tulsa Farm Show- the dates for
2012 are December 6 through the 8th. Click here for the Tulsa Farm Show
website for more details about this tremendous
all indoor farm show at Expo Square in
Tulsa.
And we are proud to have
P & K Equipment/ P & K Wind
Energy as one of our regular sponsors of
our daily email update. P & K is the premiere
John Deere dealer in Oklahoma, with ten locations
to serve you, and the P & K team are excited
about their Wind Power program, as they offer
Endurance Wind Power wind turbines. Click here for the P&K
website- to learn about the location nearest
you and the many products they offer the farm and
ranch community.
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Small
Grains Remain Way Above Average in Latest USDA
Crop
Reports
Above
average temperatures and wind continued to dry out
the soil, especially in the Panhandle, where
extreme drought conditions were still present.
Wheat continued to develop ahead of normal with
the high temperatures, and limited subsoil
moisture from the past year remained a concern in
some areas.
Conditions
continued to be rated mostly good for all small
grains, and all stages were ahead of normal.
Wheat heading
was
97
percent complete by the end of the week, 17 points
ahead of last year and 33 points ahead of normal.
Forty-one percent of the crop had reached the soft
dough stage of development, far in advance of the
five-year average.
Fifty-three
percent of the winter wheat crop is in good
condition, 22 percent is excellent, 20 percent is
in fair condition, and only 5 percent is listed as
poor or very poor.
Forty-nine
percent of the canola crop is reported in good
condition, 23 percent in is excellent shape, 23
percent is in fair condition and five percent is
in poor or very poor shape.
Texas
reports 34 percent of its winter
wheat crop is in poor or very poor condition, 30
percent is reported as fair, 28 percent is good,
and eight percent is excellent.
Forty-eight
percent of the Kansas wheat crop is in good
condition, 33 percent is fair, 11 percent is
excellent, and eight percent is poor or very
poor.
You can find the full Crop Condition
Report for Oklahoma by clicking here.
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Farm
Loan Volumes Rise, Finances Strengthen According
to Agricultural Finance Databook
Non-real
estate farm loan volumes rose in the first
quarter, according to the Federal Reserve System's
Agricultural Finance Databook.
Survey data
from the week of Feb. 6, 2012, showed that loans
for farm machinery and equipment held at high
levels with a sharp jump in the volume of
intermediate-term loans made for unspecified
purposes. With low cow inventories lifting feeder
cattle prices, banks also made larger short-term
loans to the livestock sector. However, strong
farm income for crop producers kept operating loan
volumes relatively flat heading into planting
season. Farm loan portfolios at small and
mid-sized banks increased by almost a third
compared to last year, and farm loan portfolios at
large lenders grew by more than 20 percent.
Though loan volumes rose at both large and
small agricultural lenders in the first quarter,
the composition of their farm loan portfolios
varied. Large banks made more intermediate-term
loans that were typically rated as moderate risk.
Small and mid-sized banks had a larger share of
short-term operating and livestock loans that were
generally rated as low risk. However, small and
mid-size lenders also had a higher concentration
of long-term farm real estate loans in their farm
loan portfolios compared with large lenders,
heightening their exposure to a potential
correction in the farmland market. Still, farmland
values continued to climb in the fourth quarter
even with more farmland for sale at
year-end.
You can read more about the rising
volumes in farm loans and find a link to the full
Kansas City Fed report by clicking here.
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NPPC
Praises Domino's For Rejecting HSUS Pressure On
Sow Housing
Domino's
Pizza shareholders last Wednesday rejected - by a
majority vote of 80 percent - a resolution from
the Humane Society of the United States (HSUS)
requiring its pork suppliers to stop the use of
gestation stalls. The National Pork Producers
Council hailed the move as a vote for common
sense.
"The vote to reject the HSUS
resolution was a vote for common sense," said NPPC
President R.C. Hunt, a pork
producer from Wilson, N.C. "We appreciate Domino's
belief that America's farmers, veterinarians and
other animal agriculture experts are better suited
than activist groups to determine what the best
animal care practices are."
Animal
activist groups recently have influenced several
prominent foodservice companies, including
McDonald's, Wendy's and Burger King, to make
poorly informed decisions on sow
housing.
Click here for more on the push back
delivered to HSUS in its efforts to bully
livestock producers.
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CanolaTV-
The Art of Swathing As Described by Heath Sanders
of PCOM
On
our latest episode of Canola TV- we consider the
"art" of swathing your winter canola. To help
explain this and other choices for the harvest of
this year's crop, we call on Heath Sanders as he
talked during the recent Spring Canola Field Tours
held by OSU Extension and several industry
partners, including PCOM.
Agronomist
Heath Sanders of PCOM talked with
producers at one of the Canola Field Tour stops
this sprng about harvest options for the 2012
winter canola crop. One that seems to have gained
a lot of favor is swathing. Sanders goes into
detail about how to know the crop is ready for
swathing, equipment for swathing and finally how
to know the windrow is ready for
harvest.
Once the crop has been cut,
Sanders says it can take from two to six days
depending upon weather conditions for it to dry
down. A typical moisture content of less than ten
percent means it's time to roll the combine.
Sanders told producers that he had seen canola
ready for the combine in three days and sometimes
up to ten days after the swathing has
occurred.
Heath
does an excellent job of explaining the options of
harvest- and if you have canola this season- click
on the link and take just a few minutes to get out
in the field with Sanders learn more about this
"art" of swathing your canola for maximum harvest.
Our Canola TV features are found on our website, as well as on the WinterCanolaTV channel of
YouTube, and these reports are a service of PCOM.
You can catch all of Heath Sanders'
suggestions about swathing on Canola TV by
clicking here.
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Choice
Boxed Beef Prices Up, Finished Cattle Prices
Down--Ed Czerwien Tells Us Why
In
this week's beef report, according to Ed
Czerwien, USDA Market News Office in
Amarillo, Texas, said we saw the choice cut market
end the week April 28, 2012 at $190.27 cwt last
Friday which was $2.00 higher than the previous
week, however it plateaued out by the end of the
week. It was supported by a $12.00 increase in the
50 percent trimmings price. The spot trade volume
however was the lowest in quite a
while.
The general trend in the finished
cattle trade was $1.00 to $3.00 lower last week
with live sales mostly at $119.00 cwt to $120.00
cwt in the South. Dressed sales were $4.00 to
$6.00 lower with most sales at $194.00
cwt.
The average live weight from the Texas
Panhandle was 1,228 pounds, up a pound from the
previous week.
Click here to go to Ed Czerwien's
weekly audio report analyzing the beef
markets.
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This
N That- FFA, Wheat Harvest, Weather
Worries
The
86th annual convention of the Oklahoma
Association of the FFA kicks off with
their first general session of the 2012 convention
set for 10:00 AM this morning. One of the
events that we have had the opportunity to be a
part of for a lot of years is the Stars Over
Oklahoma Pageant- and the naming of the three
Stars of Oklahoma Agriculture for 2012 has been
relocated from Tuesday night to Wednesday
afternoon, happening at the same time as the
proficiency awards are handed out. Our
videos are ready and we will post them on our
website as soon as the young people who are being
honored hear their names called in the Cox
Business Center. By the way- we now have the video
of our visit with State President Courtney
Maye up on our website- this from
Saturday on News9, KWTV- Click here to take a
look.
According
to Mark Hodges of Plains Grains,
Inc- "The 2012 HRW wheat harvest will reach the
Blacklands/Hill Country (south of Dallas) next
week. Wheat development is some 2 to 3 weeks
ahead of normal for most areas of the central and
southern Great Plains." Mark recaps the fall
and winter growing season of this year's crop- and
begins the season of wheat harvest reports that we
will be receiving from him- read the full report by clicking
here.
For
the second night in a row, areas of Oklahoma were
pounded by high winds, heavy rain and hail.
There was also damage out in the country in Grant
County because of tornadoes. First light
this morning will give folks a chance to get out
and assess what damage is out there- both to out
buildings but also the 2012 winter canola and
winter wheat crops. Email or call us if you
get a chance and let us know how your crops made
it through the night- we are so close to a
tremendous harvest in our canola and wheat fields-
we are praying like many of you for a chance to
get those field successfully harvested in the near
future! Email me by
clicking here or call me at 405-473-6144.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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