|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:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, September 12, 2016
World's Largest Fertilizer Company is Coming- But What Are They Going to Call It?
Potash Corporation of Saskatchewan
have announced a $38.5 billion deal this morning- announcing plans for what they say will be an "aggressive expansion."
The one thing that the two huge plant nutrient companies did not announce is what the name will be for what will become the world's largest fertilizer company.
Word of the talks leaked about two weeks ago- and today's announcement will mean the two companies will be joining their teams, which currently have 20,000 employees that are selling crop nutrients to farmers in 18 countries.
The merger is expected to be complete by the middle of next year- with the expected headquarters of the new fertilizer superpower to be in Saskatoon- the current home of Potash while they plan to maintain offices in the current headquarters city for Agrium- Calgary.
The two companies said a name for the new company will be announced before the deal is closed.
Agrium's Chuck Magro
calls the deal a "transformational merger that creates benefits and growth opportunities that neither company could achieve alone."Click here
for the Potash website, where you can see their news release as well as a webcast which offers an in depth look at the deal.
As far as governmental approvals are concerned- the big hoop they have to jump through is being held by the Canadian govenment- altho since both companies are Canadian- that may make approval easier- a couple of years ago- Canada said no to BHP Billiton's bid to buy Potash.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation
. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here
for their website or call the Oklahoma City office at 1-800-310-0220.
|The Rain We Got- The Rain We May Get- Both in Graphics
On Friday and into Saturday morning- Oklahoma saw parts of the state- mostly the northwest half of the main body of the state- get a nice round of moisture. That included a lot of the wheat and canola growing areas of the state- especially valuable for farmers wanting that last bit of moisture ahead of planting one or both of those crops.
Canola planting is also a "short leash" kind of a deal- as the window to plant canola in Oklahoma is only thirty days and stay in line with Crop Insurance dictates- September 10 through October 10. So the rain of Friday afternoon/evening means no waiting of moisture for seeding that crop- Here's the link
to the real time graphic which allows you to see which Mesonet stations got how much precip.
Meanwhile- the week ahead looks like more rain will be in the mix- Bryce Anderson
of DTN tweeted this graphic this morning from Uncle Sam- and it shows rain from the Big Bend of Texas right across a big hunk of Oklahoma and into Kansas- this valid from today through next Monday. Best chances for Oklahoma seems to be the latter part of this week- just as the State Fair of Oklahoma opens its gates for 2016.
By the way- Bryce also shared with us that the latest stats from Australia are now indicating that we have La Nina on the threshold of becoming a reality.
|Oklahoma State Lawmakers Write to California Farmers Inviting Them to Move Their Operations to Oklahoma
Oklahoma State Representative Scott Biggs, R- Chickasha, was among a group of representatives Friday who saw an opportunity to help Oklahoma grow and expand its economic base.
These representatives started sending out invitations to farmers and ranchers in California to consider relocating to Oklahoma. This is due to recent legislation in California that will push family farms out of business by unnecessary statutes and agency rules.
"The passing of SB1383 by the California legislature will require a 40 percent reduction in methane gas production by cattle ranchers by 2030. This is just the latest in legislation that will drive the small family farms out of business and force them off the farm. We wanted to make it clear to California cattle ranchers and farmers, that they have another option. They can consider moving to a state that values what they do and supports them in their way of life," said Rep. Biggs.
"Oklahoma has shown strong support for the Agriculture industry time and time again. Instead of bowing down to animal right activists and passing their legislation, we are passing bills to protect the industry," said Rep. Biggs.
to read more about the invitation sent to California agricultural producers and find a link to the letter.
|Looking Forward- Dan Basse Sees Strong Corn and Soybean Exports and Decent Cow Calf Margins Ahead
Dan Basse is the president of AgResource Company - and he says that as he and his team analyze the ag markets here in the latter part of 2016, they wonder "Who is going to flinch first?"
"Is it your neighbor that's going to cut back? Is it you?" the analyst asked, as he addressed cattle feeders and allied industry representatives at the Feeding Quality Forum last month.
The world has added 179 million crop acres during the last decade, and livestock production is currently in a "dynamic expansionary phase," Basse said. Ethanol demand has matured and a strong U.S. dollar hurts global competition."If you want to get bullish in American agriculture, the thing that you want to see is a drop in the U.S. dollar," he said. "The problem is, the United States is the reserve currency, almost by default, these days." Yet even with more production from predicted record yields and stocks-to-use ratios, "the story for grains is not all that bad," he said.
Click here to continue reading Basse's analysis of current ag markets.
For nearly a century, Stillwater Milling has been providing ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
|Senate Bill Would Reduce Paper Work Burden on Farmers Participating in Voluntary Conservation Programs
The National Association of Conservation Districts is pleased to support the recent introduction of S. 3288, a companion bill to H.R. 5451 that would eliminate unnecessary and costly reporting requirements for American producers who participate in voluntary conservation programs.
"Farmers have a lot of work to do, and every second they're stuck inside completing reporting requirements is time they can't devote to making their living," said NACD President and Maryland farmer Lee McDaniel.
"The toughest part to chew about these requirements from NACD's perspective is that the producers that have to comply with these rules are the same people who are most committed to implementing conservation practices on their land. Giving them extra paper to push isn't helping them, and it certainly isn't helping the environment," he added.
Current law requires any business entity - including farmers, ranchers, and forest landowners - to register with the federal government's System for Award Management (SAM) and obtain a Data Universal Numbering System (DUNS) number in order to receive financial assistance from federal agencies like the Natural Resources Conservation Service (NRCS). Mandating that farmers and ranchers comply with these time-consuming requirements complicates conservation delivery and can discourage landowners from participating in NRCS cost-share programs.
Click here to read more about the proposed reductions in reporting requirements.
Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
|National Cattlemen Engaging with CME Group to Make Cattle Futures Work as Intended - and at Other Options as Well
The huge jumps higher and lower on the live cattle and feeder cattle futures traded on the Chicago Mercantile Exchange have caused a lot of concern within the beef cattle industry. Colin Woodall, who heads up with the Washington office of the National Cattlemen's Beef Association, says members of his group have been very clear that everything that can be done to address the volatility issues being seen within the cattle futures needs to be done - that they have value to beef cattle producers and cattlemen do not want to lose these contracts, which have been good risk management tools done through the years. Woodall says the members of NCBA are telling him that they want and need these tools in place, but they need to work the way in which they were intended.Listen to Woodall's comments featured in our latest Beef Buzz, as heard on Radio Oklahoma Ag Network stations across the region. He says the NCBA is committed to work with the CME Group, the body that owns and operates the Cattle Futures in their Chicago trading facilities. Woodall adds the market is looking for ways to help with the underlying problem of limited cash sales of fed cattle in the U.S. marketplace - and is hopeful that the Superior Livestock Auction Market product, Fed Cattle Exchange, will have a successful relaunching on September 14. Superior kicked off the Fed Cattle Exchange in May (click here to read and listen to our preview of the launch that included comments with Danny Jones) - but technical issues caused them to suspend trade and work on the concept for a couple of months after the first few sales. The improvements have been made and Superior will relaunch the online sale this coming Wednesday. At this point, about 1,300 are on the show list for this next sale.
|NCGA's Soil Health Partnership Receives $1 Million Conservation Innovation Grant
A $1 million grant from the U.S. Department of Agriculture will help spur a groundbreaking effort to optimize farm enterprise profitability, reduce Greenhouse Gases and improve agronomic productivity. The National Corn Growers Association received the grant to develop a system for scalable carbon accounting in agriculture, to be developed through its Soil Health Partnership initiative.Agriculture Secretary Tom Vilsack announced this year's Conservation Innovation Grant recipients on September 8. The competitive grant "stimulates the development and adoption of innovative approaches and technologies for conservation on agricultural land."Under the NCGA project, the SHP and other project partners will develop a "greenhouse gas insetting framework." The framework will serve as a model for corporations and other entities to drive conservation adoption and achieve GHG reductions, as well as economic profitability benefits.Carbon insetting is similar to "offsetting," in which a third party is paid to plant trees or implement other practices to "offset" carbon emissions. Carbon insetting is common in the coffee and chocolate industries and is used by companies to incentivize grower adoption of Climate Smart Agriculture practices in their supply chains.
to read more about NCGA's efforts to develop a system for scalable carbon accounting in agriculture
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