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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 $11.95 per bushel at the Northern
Ag elevator in Yukon.
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
Monday,
June 11,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
OSU's
Jeff Edwards Analyzes This Year's Wheat Crop and
the 2012 Variety
Trials
As
the 2012 wheat harvest comes closer to completion
far earlier than normal, Dr. Jeff
Edwards, state wheat specialist with
Oklahoma State University, has taken a closer look
at this year's crop and the lessons to be
learned. He's also been
poring over results from this year's variety
tests.
Edwards
spoke at length with us about this year's crop,
advice for next year, and results of the variety
trials.
He said
he was very pleased by yields this year, with the
overall average being in the 40-bushel per acre
range. While that's good, he said yields could
have been much larger. The early heat wave in
April knocked ten to 20 bushels per acre off the
already good figures, he said. Test weights
remained high throughout harvest with some drop
due to shriveled kernels as a result of the
heat.
He said there were three things
producers could keep in mind going into the fall
if they wanted to build on this year's high
performance: 1) take care of weed problems early,
in the fall, if at all possible, 2) match the
variety to be planted with the management style to
be used, and 3) provide for next year's fertility
needs with testing and adequate nitrogen
application.
Edwards also said he believes
they collected very good data from this year's
variety trials. Click here for our full interview and
links to all the variety tests.
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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.
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!
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Customers
Saving Boatloads on U.S. Wheat Compared to Last
Year
With
the new marketing year just getting underway,
Casey Chumrau of U.S. Wheat
Associates takes a look at what that means for
wheat buyers. Her article appeared in the USWA
Wheat Letter.
Retail outlets routinely
institute sales at the end of the year to make way
for the new year's items. In the U.S. wheat
industry, June 1 marked the start of the new
marketing year, reflecting the time when the new
crop harvest is normally just getting started.
While there cannot be a new year's sale on wheat,
our overseas customers are now seeing excellent
opportunities to purchase high-quality U.S. wheat
at relatively bargain prices particularly when
compared to prices at this stage last year.
That difference is largest with hard red
spring (HRS) wheat. The price of 13.5 percent
protein (12% moisture) HRS for August delivery,
sold from both the Gulf of Mexico and the Pacific
Northwest (PNW), is down about $85 per metric ton
(MT), or more than 20 percent lower than last
year.* As of June 1, August delivery HRS in the
PNW was $320/MT and in the Gulf was
$338/MT.
You can read more by clicking
here.
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The
Chicago Board of Trade and the Kansas City Board
of Trade are expanding trading hours for certain
grain contracts once again.
CME
Group announced it will extend open outcry trading
hours for CBOT Grain and Oilseed futures and
options to 2 p.m. CT, Monday to Friday. Daily
settlements will move from 1:15 p.m. CT and will
be based on market activity at or around 2 p.m. CT
each day for the Grain and Oilseed futures and
options as well as for Ethanol futures and
options. The new open outcry trading hours will be
effective beginning June 25, 2012, pending CFTC
review.
Products included in the expanded
hours are CBOT Corn, Mini-Sized Corn, Soybeans,
Mini-Sized Soybeans, Wheat, Mini-Sized Wheat,
Soybean Meal, Soybean Oil, Rough Rice and Oats
futures and options, plus all related calendar
spread options and inter-commodity spread
options.
The
Kansas City Board of Trade has filed a submission
with the CFTC to extend open outcry trading hours
for the KCBT's flagship hard red winter wheat
futures and options contracts.
The Monday
through Friday open outcry sessions will close at
2:00 p.m. CT., the same time that electronic
trading closes. Daily settlements will be based on
the 2:00 p.m. close. Currently the open outcry
market closes at 1:15 p.m. The changes are
effective with the June 25 business
date.
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Nine
Winners Demonstrate Their Abilities as Beef
Ambassadors
Nine
young Oklahomans recently demonstrated their
skills as outstanding representatives in the
Oklahoma Beef Ambassador Program by taking top
honors in statewide competition. The picture here
is of the top three winners in each
category.
In the Senior division,
Levi Shelby, Katie
Alexander and Ashley
Thompson placed first, second and third,
respectively. In the Junior
division, Sydney Gerken,
Will Shelby and Cale
Jahn took the top three spots. In the
Novice division, Hattie Haynes,
Madelyn Gerken and
Victoria Gerken bested their
competiton.
The competitors demonstrated
their abilities to educate consumers about beef
and beef production. Each contestant made a mock
retail presentation about some aspect of beef or
beef production and was the subject of a media
interview. I was honored to be asked to conduct
the interviews and the judges evaluated each
contestant's ability to educate the public on key
issues such as nutrition, beef preparation, and
animal welfare.
Click here to read more about the
Beef Ambassador Program and to hear Levi Shelby's
winning interview.
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The
Cattle Frame Pendulum Swings Back and Forth And
Back Again
At
the recent Alltech International Symposium on the
Future of Agriculture held in Lexington, Kentucky,
Dr. Dave Lalman, professor of
animal science at Oklahoma State University, gave
a presentation on the metamorphosis undergone by
beef cattle in the United States over the last
century. He covered the spectrum from cattle frame
size to crossbred vigor to the right amount of
muscle for optimum efficiency.
In his
presentation, Lalman focused on the question, "Are
our cattle more efficient now than they have been
in the past?"
In the first part of a
four-part Beef Buzz series, Dr. Lalman, talks
about how the pendulum regarding frame size has
swung back and forth a couple of times in the last
century.
You can hear Dr. Lalman's remarks in
the latest edition of the Beef Buzz by clicking
here.
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Beef
Checkoff Dollars Leveraged for Grilling Season Ad
Campaign, Export Marketing
The
Beef Checkoff is kicking off the 2012 grilling
season with a new crop of magazine ads, radio
spots and online advertising. The checkoff's new
magazine ads will feature popular lean cuts such
as filet, flank steak and strip steak as well as
featuring consumer-friendly dishes and even beef
for breakfast.
"Our goal is to whet
consumers' appetites and inspire them to choose
beef," says Heather Buckmaster,
executive director of the Oklahoma Beef Council.
She recently spoke with us about the summer
advertising campaign.
The checkoff ads
began running last month in several national
magazines including Food Network Magazine, Men's
Health, Redbook and others. The ads will continue
throughout the summer.
The online video
commercials will be rotating on ABC.com throughout
the top-10 programs that score high with adults
25-54. The spots began May 15 and are expected to
generate ten million impressions.
You can catch the audio and video
versions of our interview with Heather as well as
read more about the Checkoff advertising campaign
by clicking here.
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Agriculture
and Science Groups Back Modern Technology to Meet
Rapidly Growing Food Needs
A
host of agricultural and scientific organizations
have praised President Obama for his "aggressive
support" for innovation in agriculture, including
biotechnology, to help meet the "moral, economic,
and security imperative" of producing enough food
for a growing world population.
"A firm
commitment by the U.S. government to aggressively
support agricultural innovation, including modern
biotechnology, will be necessary to ensure farmers
have the tools they need to produce safe and
nutritious food, in addition to feed, fuel and
fiber, in an environmentally sound and sustainable
manner," said a letter to the President signed by
38 national organizations representing major
sectors of agriculture and science.
The
groups applauded Obama's support for production
agriculture's role in improving food security
during recent conferences of global leaders. They
also voiced support for the National Bioeconomy
Blueprint released by the White
House.
Click here to read the full letter to
the White House.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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