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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:
Cash
price for canola was $10.29 per bushel- based on
delivery to the Northern AG elevator in Yukon yesterday.
The full listing of cash canola bids at country points
in Oklahoma can now be found in the daily Oklahoma Cash
Grain report- linked above.
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
Thursday,
January 3,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Farm
Bill Reaction Part I: Ag Leaders Find Some
Things to Like, More to Dislike in Fiscal
Cliff Farm Bill
Fix
A
broad range of farm leaders and commodity
producers' groups hailed Congress's passage of a
farm bill extension as part of a fiscal cliff
package as a step in the right direction--but just
a step. There were provisions and exclusions they
found disappointing, but most found some positive
benefits. All of them urged Congress to address
the deficiencies quickly with a new farm bill.
(You can read the full statements of the leaders
and groups by clicking on their highlighted
names.)
"Extending
the current farm bill is good for agriculture and
for consumers," but it didn't go far enough
Oklahoma Farm Bureau President Mike Spradling said.
"We would prefer a new farm bill, one
that provides a strong safety net for farm income
using a combination of crop insurance, a revenue
assurance program and price
protection."
National
Association of Wheat Growers President Erik Younggren said his
group was pleased that lawmakers adopted
agricultural and fiscal policies even if they were
only short-term solutions.
"
This will allow our nation's farmers to
know the parameters of tax policy and the farm
safety net for spring planting decisions and allow
continued operations of critical foreign market
development programs. However, the extension of
the 2008 farm bill is not ideal and we are
concerned about unknown implications of automatic
spending cuts, known as sequester, which are now
postponed."
American
Soybean Association President Danny Murphy, was not
happy that Congress allowed the opportunity to
enact a five-year farm bill to slip away. "As we
have been working with our colleagues on Capitol
Hill for more than two years on a comprehensive,
five-year bill, we are very disappointed that
Congress was not able to come together and pass a
new bill in the best interests of farmers." Murphy
was quick to add that his group was pleased with
the revisions to the estate tax.
American
Farm Bureau President Bob Stallman was also
frustrated with Congress for not passing a full
farm bill. He said the stop-gap fiscal cliff
measure sidestepped many difficult issues. "As the
new Congress punches in, members already face a
huge work order. While the fiscal cliff package
addressed the revenue side of the equation, it did
not do enough to cut federal spending in a
meaningful way. Without progress on the spending
side, we are on a one-way road to fiscal disaster.
It is our hope that the new Congress will exercise
the leadership needed to put our nation on a path
toward fiscal responsibility and agricultural
innovation and prosperity."
National
Corn Growers Association President Pam Johnson didn't pull
any punches in her criticism of Congress:
"America's farmers have clearly made known the
importance and need of a new farm bill in 2012.
Once again Congress's failure to act pushes
agriculture aside hampering farmers' ability to
make sound business decisions for the next five
years. The National Corn Growers Association is
tired of the endless excuses and lack of
accountability. The system is clearly
broken.
"We hope the 113th Congress proves
to be more fruitful and that the leaders in
Congress can place petty partisanship aside to
create a bill that benefits all of
America."
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Sponsor
Spotlight
We
are delighted to have the Oklahoma
Cattlemen's Association as a part of our
great lineup of email sponsors. They do
a tremendous job of representing cattle producers
at the state capitol as well as in our nation's
capitol. They seek to educate OCA members on
the latest production techniques for maximum
profitabilty and to communicate with the
public on issues of importance to
the beef industry. Click here for their website to
learn more about the OCA.
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.
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Farm
Bill Reaction Part Deux: Ag Secretary, Biofuels
Associations, Conservationists Call Bill a Bandaid
Approach
Agriculture
Secretary Tom Vilsack,
representatives of conservation groups, and
ethanol industry associations found both positives
and negatives in the fiscal cliff legislation
passed Tuesday. They weighed in quickly on how the
legislation would affect their constituents and
how they thought Congress should proceed on a farm
bill for 2013. (You can click on their highlighted
names to read more detailed
statements.)
Vilsack
said he was pleased that Congress adopted tax
relief measures and extended the current farm bill
to prevent a spike in commodity prices for
consumers. At the same time, Vilsack said, he was
disappointed that Congress was unable to pass a
multi-year farm bill as part of the fiscal cliff
package.
National
Association of Conservation Districts President
Gene Schmidt echoed
Vilsack's disappointment and called the short-term
farm bill extension shortsighted. "It
is extremely unfortunate that farmers and
landowners will be left without the certainty of a
five-year policy and the assistance of critical
programs to protect America's land, air and water
and to ensure proactive planning for a sustainable
food, fiber and fuel supply for the future,"
Schmidt said.
Both
Tom Buis, CEO of Growth
Energy, and Bob Dinneen of the
Renewable Fuels Association applauded Congress for
extending biofuel tax credits for another year.
They said the credits would help bring E-15 fuels
to market. Their only disappointment with the bill
was that it didn't extend the credits for more
than a single year.
The
Environmental Working Group was not very pleased
with Congress's approval of the fiscal cliff
legislation especially as it applied to the farm
program. "While a deeply flawed
nine-month extension is marginally better than a
deeply flawed five-year farm bill, this short-term
band-aid is not good public policy," said
Craig Cox, EWG's senior
vice president for agriculture and natural
resources. "A responsible measure would have
cut direct payments and insurance subsidies and
fully funded important conservation programs," Cox
said.
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NCBA's
Colin Woodall Pleased With Death Tax
Outcome, Anticipates 2013 Farm Bill
In
the wake of Congress's approval of legislation
averting a 'fiscal cliff,' there were some winners
and some losers. Colin Woodall,
vice president of governmental affairs for the
National Cattlemen's Beef Association
spoke with us about how the cattle
industry will be affected.
He said that the
estate tax was high on his organization's list of
legislative priorities last year and he believes
the deal that emerged from Congress was mostly
positive for ag producers.
"The death tax
was our No. 1 priority in this package. And what
we got is a mixed bag. We were able to maintain
our exemption amount at five million dollars per
person and ten million dollars per couple. We were
also able to make sure those levels were indexed
to inflation so that they grow over time. And we
were also able to maintain the step up in basis.
The one thing that we were not able to maintain,
however, is the tax rate on everything above those
exemption amounts. That moved from 35 percent to
40 percent... Overall, we feel pretty good about
this."
Woodall
said he agricultural groups will have to work hard
to ensure disaster programs get their due in as
the new farm bill is set for mark-up in
February.
You can read more or listen to our
full conversation by clicking here.
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Noble
Foundation Study Shows Stacking Technologies
Increases Stocker Profitability
Implants
and ionophores (i.e., Rumensin) are both proven
technologies for stocker cattle production.
However, some producers have asked what happens
when these technologies are "stacked" together. Do
these technologies retain their full efficacy when
they are used simultaneously? Theoretically, the
answer is "yes" because these technologies have
different biological modes of action.
To
demonstrate the effects of stacking these
technologies, the Noble Foundation conducted an
experiment in 2012. In this experiment, steers
grazed cereal rye pasture at the Noble
Foundation's Red River Demonstration Farm for 84
days. Steers received one of three supplementation
programs: plain white SALT blocks (SALT);
non-medicated mineral blocks (MIN); or identical
mineral blocks with added Rumensin (R-MIN).
Further, half of the steers in each supplement
treatment group were implanted (Component TE-G
with Tylan) and the other half were not implanted.
These combinations allowed the evaluation of the
effect of stacking the implant and ionophore
technologies.
As expected, the implant
dramatically improved average daily gain (ADG).
The R-MIN supplement also improved ADG compared to
SALT. The non-medicated mineral block was
intermediate in ADG. Importantly, no decrease was
found in effectiveness of either the implant or
the Rumensin when the two were used
simultaneously. We calculated that stacking the
two technologies significantly improved net return
over the control system (no implant and SALT
supplementation).
You can read more by clicking
here.
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Dave
Sparks Asks, 'Isn't It Time for a Serious Look at
the Facts of Castration?'
In
the latest issue of the Cow-Calf Newsletter,
Dave Sparks, DVM, Oklahoma State
University Area Extension Veterinarian, weighs the
economic and ethical ramifications of
castration.
One of the statements I
commonly hear from calf producers is that bulls
bring just as much as steers, so why bother? While
top quality light bull calves may bring as much as
plainer quality steers, these producers are not
comparing apples to apples, because there is a
marked difference in similar quality steer and
bull calves. According to Lindsey Grant of
McAlester Union Stockyards, there is currently
about a $5 to $7/cwt price difference between
bulls and steers of similar quality at weights
between 425 and 550 pounds. On calves between 550
and 650 pounds the gap widens to about $12/cwt,
and for 800 pound yearlings the difference can
easily be $25/cwt. This translates to lost revenue
of $30.00, $72.00, or $200.00 respectively. With
today's high input costs for fuel, feed, hay,
labor, equipment, fertilizer, and pasture this can
easily be the difference in a profit or a loss.
Why do stocker and feeder operators want
the calves castrated before arrival at their new
homes? There are several good reasons. No matter
what procedure you use, it involves pain and
stress for the calf. This stress leads to
increased chances of health problems such as
shipping fever or pneumonia. When the calves are
castrated at a young age and while still on their
mothers this risk is negligible, but when added to
the stresses of weaning, marketing, transporting
and comingling at the feedlot or background yard
it becomes a major factor. In short, the stress is
much easier for the calf to handle if he can run
back to "mama." Research has shown that calves
arriving at feedlots as bulls are twice as likely
to get sick as steers and death losses are
significantly higher. Additionally, rates of gain
are affected for weeks versus days when they are
"ranch weaned and castrated."
Dave
has a lot more to say on the castration debate on
our website. Click here to go there.
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Wheat
Initiative Launched to Raise Yield Potential by
50%
Representatives
from 16 countries and international organizations
recently agreed to launch an initiative to
increase wheat's genetic yield potential by 50
percent in the next 20 years.
The group
met in Mexico City in mid-November to set up the
framework for the multinational initiative, known
as the Wheat Yield Network (WYN).
According to a release by the United
Kingdom's Biotechnology and Biological Sciences
Research Council (BBSRC), which pushed for the
creation of the WYN, the new effort will support
research and development activities to raise
global wheat yields and develop new varieties
adapted to different geographical regions.
To help facilitate WYN's ambitious yield
goal, WYN partners are planning to invest $50-75
million in the next five years, with details of
operations and structures still to be
determined.
Click here to read
more.
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This
N That- Early Registration Deadline for No Till on
the Plains- and Oklahoma Kids Dominate in the
Desert
It's a
superstar lineup of No Till Speakers planned for
the 17th Winter Conference of No Till on
the Plains that is set for January 29th
and 30th in Salina, Kansas. Topics like the health
of your soil, the No Till Learning Curve, creating
wealth by building soil carbon and many many more
will help you pick up a bushel full of ideas on
how No Till can make you a better farmer and help
your bottom line.
The
date that you need to be paying attention to right
now is their early discount deadline- January
11th- you save fifty bucks off registration if you
register by that date. Click here for more about No Till on
the Plains and their 2012 Winter
Conference.
**********
Between
Christmas and New Year's- several Oklahoma youth
traveled to the Valley of the Sun and competed in
the Junior Livestock Show at the Arizona National
Livestock Show in Phoenix. Among the top
winners that call Oklahoma home:
Kaylin
Listen, El Reno,- Grand Champion
Barrow
Faith
Valega, Perkins, Grand Champion Goat
Denton
Lowe, Amber, Grand Champion Market Lamb
& Res. Grand Champion Breeding Ewe
Lydia
Straka, Yukon, Grand Champion Breeding
Ewe & Res Grand Market Lamb
You
can check out all of their results from their 2012
Junior Livestock Show by clicking here. (Our Thanks to
Dick Lowe for pointing us to
these results at the Arizona Show)
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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