Support Our Sponsors!
|
|
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 $12.69 per bushel at the Northern
Ag Elevator in Yukon-
2012
New Crop contracts for Canola are now available at
$12.69 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.
| |
Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Tuesday,
May 15,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
Rain
Slows Early Oklahoma Wheat Harvest, Crop Still in
Good Shape
An
early wheat harvest was progressing mid-week, but
rain over the weekend stopped the combines in
southwestern Oklahoma. An early canola harvest was
also underway.
Conditions
continued to be rated mostly good for all small
grains. A small portion of wheat and rye had been
harvested by the end of the week. Eighty percent
of wheat heading was in
soft dough stage of development, 44 points ahead
of the five-year average.
The
canola crop was 84
percent mature by Sunday, and 12 percent was
harvested by week's end.
Fifty-five
percent of the wheat crop was in good condition,
21 percent was excellent, 19 percent was listed in
fair condition, and only five percent was poor or
very poor.
Canola
finished the week in similar good shape with 50
percent listed as good, 24 percent was excellent,
22 percent was fair, and only four percent was in
poor or very poor shape.
Click here for the complete Oklahoma
Crop Weather Update, as released by the NASS
folks in Oklahoma City.
The
Texas 39 percent of the wheat crop was in poor or
very poor condition, 27 percent was fair, 26
percent was listed as good and only eight percent
was reported as excellent.
In
Kansas 41 percent of the winter wheat crop looked
good, 32 percent was fair, 16 was poor or very
poor, and 11 percent was
excellent.
|
Sponsor
Spotlight
It is great to have as a regular
sponsor on our daily
email Johnston
Enterprises- proud to be serving
agriculture across Oklahoma and around the world
since 1893. Service was the foundation upon
which W. B. Johnston established the company. And
through five generations of the Johnston family,
that enduring service has maintained the growth
and stability of Oklahoma's largest and oldest
independent grain and seed dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
Midwest Farm
Shows is our longest running sponsor
of the daily farm and ranch email- and they are
busy getting ready for 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.
|
National
Crop Progress Outstripping Historical
Averages
Crop
progress continues to gallop along, well ahead of
last year and the five-year average, according to
USDA's weekly report.
Corn is 87% planted
and 56% emerged, compared to 56% and 16% last year
and 66% and 28% averages, respectively. The
planting figure was in line with pre-report
expectations, according to DTN Analyst John Sanow.
"The big five Illinois (95% vs. 65%),
Indiana (93% vs. 53%), Iowa (90% vs. 79%),
Minnesota (88% vs. 70%) and Nebraska (91% vs. 71%)
are all running well ahead of the average pace,
and should be all but wrapped up next week at this
time," Sanow said. "The fast pace of planting and
emergence coupled with a mostly benign weather
pattern should be considered
bearish."
Soybean progress is also moving
along at a rapid clip. Forty-six percent of the
crop is planted, compared to 17% last year and a
24% average. Pre-report expectations were for 50%
of the crop to be planted, Sanow said. Sixteen
percent of the nation's soybeans are emerged,
compared to 3% last year and a 5%
average.
"This report should be considered
bearish, particularly with corn planting nearing
the finish line, allowing producers to focus
almost strictly on bean planting," Sanow
said.
Click here for more on this week's
Crop Progress Report, including a link to the ful
report.
|
OSU's
Derrell Peel Advises Short Run Adjustments to
Changing Cattle Market Conditions
In
this week's Cow/Calf Newsletter, Oklahoma State
University Extension Livestock Extenstion
Marketing Specialist Derrell
Peel, examines making optimal decisions
for maximizing profits in fluctuating market
conditions.
Economic principles provide
guidance on how cattle producers should adjust
production in response to wildly fluctuating
output and input values. Most production decisions
are issues of allocating resources and revolve
around the following questions: What to produce?
How much to produce? How to produce it? Though the
question of what to produce and the general
production system that determines how to produce
may be largely fixed in the short run, changing
market values for outputs and inputs mean that
adjustments are necessary to maximize profits.
Taking the decision about what to produce
as a given in the short run, the question of how
much to produce depends on the value of the
output. Most production processes are subject to
diminishing returns, which mean that at some point
additional inputs will result in less additional
output than before. This means, for example, that
cow-calf producers need to determine the optimal
weaning weight of calves (or better yet, the
optimal number of pounds of calf produced per cow
exposed to bulls), which may not be the same as
the maximum level of production. An obvious
example is using creep feed to increase weaning
weight. The question is whether the additional
pounds are worth more than the cost of the creep
feed. The same is true for genetics, nutrition,
and health inputs. This principle also implies
than when the value of the output increases, the
optimal level of production also increases, all
else being equal, and vice versa for decreased
output value.
You can read more from Derrell Peel
by clicking here.
|
President
Issues Proclamation On 150th Anniversary of USDA's
Creation
President
Barack Obama issued a
proclamation recognizing the 150th anniversary of
the creation of the United States Department of
Agriculture.
On May 15, 1862, President
Abraham Lincoln signed legislation to create the
U.S. Department of Agriculture. Two and one-half
years after establishing the Department, in what
would be his final annual message to the Congress,
Lincoln called USDA "The People's Department."
At that time, about half of all Americans
lived on farms, compared with about 2 percent
today. But through our work on food, agriculture,
economic development, science, natural resource
conservation and a host of issues, USDA still
fulfills Lincoln's vision - touching the lives of
every American, every day.
President
Obama's proclamation highlighted the service of
USDA employees.
"As
we commemorate this historic milestone, we pay
tribute to the men and women of USDA, past and
present, who have faithfully served our Nation for
150 years. For their commitment, our fields grow
richer, our abundance grows greater, and our
country stands stronger."
You can read the President's full
proclamation by clicking here.
|
Firewise
Communities Put Oklahoma In Top Ten Nationwide
Twenty
communities were recognized May 10 at the 2nd
Annual "Firewise at the Crossroads" Conference in
Norman. Representatives from the following
communities received placards designating them as
Firewise Communities: Antlers, Blair, Canute,
Cashion, Clinton, Colbert, Daisy, Dillard, Dover,
Falconhead, Harmony, Hennessey, Hitchcock,
Hochatown, Hollis, Iowa Tribe, Kingfisher, Mangum,
Roberta and Willis-Powell.
The national
Firewise Communities/USA program is a multi-agency
effort designed to reach beyond the fire service
by involving homeowners, community leaders,
planners, developers and others in the effort to
protect people, property and natural resources
from the risk of wildland fire before a fire
starts.
Oklahoma Forestry Services, a
division of the Oklahoma Department of
Agriculture, Food and Forestry, coordinates the
program in Oklahoma and was recently notified by
the Firewise Communities/USA Program that Oklahoma
is now in the "Top 10" nationwide for its number
of Firewise Communities.
Click here for more on the Firewise
Communities program.
|
Choice
Boxed Beef Prices Slide, Finished Cattle Mostly
Steady Last Week - Audio with Ed
Czerwien
In
this week's beef report, Ed
Czerwien of the USDA Market News Office
in Amarillo, Texas, says we saw the choice cut
market end the week at $189.10 /cwt last Friday
which was a little over $1.00 lower than the
previous week and about $2.50 lower than the
midweek high. Howerver, trimmings lost neartly
$24.00 over the previous ten days.
The
general trend in the finished cattle trade was
steady to $2.00 lower than the previous week with
live sales mostly at $120.00 cwt in Texas and
Kansas.
Dressed
sales were at $192.00 to$194.00 cwt.
The
average live weight from the Texas Panhandle was
1,227, one pound lower from the previous
week.
Ed Czerwien's complete weekly audio
report is available by clicking
here.
|
Lucas
and Peterson Reminded of Importance of Crop
Insurance
As
the House Agriculture Committee continues farm
bill hearings this week, a dozen farm groups sent
a letter on Monday to House Ag Chairman
Frank Lucas and Ranking Member
Collin Peterson on the importance
of crop insurance.
"Federal crop
insurance provides an effective risk management
tool to farmers and ranchers when they are facing
losses beyond their control," the letter stated.
"It reduces taxpayer risk exposure; it makes
hedging possible to help mitigate market
volatility; and it provides lenders with greater
certainty that loans made to producers will be
repaid."
Most of the commodity groups that
represent crops that are considered "program
crops" were a part of this letter- except for
those who represent rice and peanut growers.
The two major general farm groups, American Farm
Bureau and the National Farmers Union, did add
their signatures to this letter.
Click here for our story online-
including the full text of this letter sent on
Monday.
|
This
N That- Stewart Doan Remembered, Okies in Israel
and Canola Harvest Update
As Chairman of the House Ag
Committee, Oklahoma Congressman Frank
Lucas works with not just the media here
in the state- but has dealt with and has gotten to
know the national agricultural media players as
well. One of those players who has worked with
Lucas and his staff closely during the time Lucas
has been Chair is our friend Stewart
Doan, who passed away this past
Thursday. Congressman Lucas offered a few
words about
Stewart-
"Along with the rest of the agriculture community,
I was saddened to learn of the sudden passing of
our friend, Stewart Doan. Beyond being a
talented journalist and broadcaster, Stewart was
just a quality person.
"His
passing is a tremendous loss to all of us who
appreciated and respected his fair storytelling
and analysis. His brand of reporting on farm
policy and his role in our community will be
missed." We will be heading over to Little
Rock today to a be part of the Memorial services
for Stewart that are planned this afternoon.
We
have several Oklahoma agricultural leaders that
are in Israel this week- including Mike
Spradling, President of the Oklahoma Farm
Bureau- who posted a not early this morning on his
Facebook page- "Shalom, arrived in Tel Aviv,
Israel yesterday to attend an Agritech Conference
where some of the worlds most advanced agriculture
technology will be on display. Will have a chance
over this ten day trip to see it in use as we
travel through this country seeing how the farmers
carve out a living and feed their people in a
desert type landscape. It's all about WATER and
how we manage it in a arid climate."
Finally,
from the world of Twitter-expect wheat and canola
harvest to be rolling in the Walters area again
today- that the word from Jimmy
Kinder of Walters- meanwhile,
OSU Oilseed Specialist Chad
Godsey checks in and says late Monday
afternoon they "just finished harvesting Ft. Cobb
winter canola performance trial. A Few
individual small plots were in excess of 4000
pounds per acre! Test weights were high as well-
according to the word from Chad.
| |
God Bless!
You can reach us at the following:
phone: 405-473-6144
| | |