~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday January 3, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Big Iron OnLine Auctions!
-- Welcome to 2011!
-- The USDA Cry for 2011- Can't We All Just Get Along?
-- Senators Ask Vilsack to Keep His Promise on GIPSA Economic Analysis
-- Wall Street Analyst Calls 2011 Good for Beef and Pork- But Not for Poultry
-- Amazing Pictures of Cattle Rescue Down Under
-- SURE Sign Up Begins Next Monday for 2009 Losses
-- Oklahomans on the National Cotton Council
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to welcome Big Iron Unreserved Online Auctions as our newest sponsor of the daily Email. Their next auction is Wednesday, January 12 - featuring Low Hour, Farmer Owned Equipment. Click here for their website to learn more about their Online Farm Equipment Auctions.
We are also excited to have as one of our sponsors for the daily email
Producers Cooperative Oil Mill, with 64 years of progress through
producer ownership. Call Brandon Winters at 405-232-7555 for more
information on the oilseed crops they handle, including sunflowers and
canola- and remember they post closing market prices for canola and
sunflowers on the PCOM
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Welcome to 2011!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~After the extended holiday layoff for our livestock auctions across Oklahoma and the southern great plains- today finds us up and running for the new year. The Oklahoma National Stockyards, Tulsa Stockyards and the Joplin Regional Stockyards among those who will be back and moving cattle through the auction ring this morning.
2010 ended on a high note for slaughter cattle sales, as we sold cattle for $107 last Wednesday in the Texas-Oklahoma feedlots, with 17,612 head selling for that price according to the Texas Cattle Feeders Association. You have to go back to the fall of 2003- just before BSE was found in that Canadian dairy cow at Christmastime that year- to see a price higher- we had $110 paid for some market ready feedlot critters that year.
The first trades of 2011 are higher in the electronic trade for Kansas City and Chicago wheat futures, with KC March Wheat up about a dime as we write this at 6:00 AM- $8.61 a bushel. March Chicago corn futures gained 13 cents last Friday and are off about a penny from that level this morning at $6.28 and Chicago March Soybeans ended 2010 at $14.3 a bushel- and is off three cents from that level early this morning at $14.00. New York cotton futures- basis March- are 141points lower at 143.40 cents per pound.
The USDA Cry for 2011- Can't We All Just Get Along?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~As we ended the old year- the battles over genetically enhanced crops versus non-GE crops had intensified- with opponents of the new technology winning in court in several cases. Most notably, a judge had ordered late in 2010 the destruction of Roundup Ready Sugar Beets in a battle between the GE and the non-GE factions.
To this end- Ag Secretary Tom Vilsack is waving a flag of truce and asking all concerned to chill- hoping to find a way to achieve co-existence. At the end of this past week- in the final days of 2010- Vilsack issued an open letter to both sides saying that litigation really does not promote a sound science solution in complex issues between GE supporters and organic supporters- adding "Surely, there is a better way, a solution that acknowledges agriculture's complexity, while celebrating and promoting its diversity."
We have the full letter from Secretary Vilsack on our website- and the LINK below will take you to his arguments for co-existence.
Senators Ask Vilsack to Keep His Promise on GIPSA Economic Analysis
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~A Dozen U.S. Senators Want Assurances From Ag Secretary Tom Vilsack On His Recent Promise To Perform A New Economic Analysis Of The Proposed GIPSA Rule. In a letter to Vilsack, the senators express concerns about the adequacy of the original cost-benefit analysis (CBA) "as it revealed nothing about the methodology or data used to arrive at its hasty conclusions." The letter goes on to express hope that USDA "is now on the path to conducting a thorough, comprehensive CBA, which will provide the kind of information that is necessary to understand the potential consequences of this rule." Vilsack is urged by the senators to allow USDA's Office of the Chief Economist to use its "economic expertise and analytic ability" to lead a more thorough CBA.
Several questions posed in the letter include:
The letter also notes that an economic analysis performed by Informa Economics earlier this year showed the GIPSA rule would result in more than 22,800 job losses, a decrease of as much as $1.56 billion annually in Gross Domestic Product, and yearly tax revenue losses of $359 million. While acknowledging that USDA might not agree with Informa's conclusions, the senators say those numbers "at the very least highlight the need for USDA to conduct its own rigorous CBA that examines both the direct and indirect costs that will potentially result under this rule."
Wall Street Analyst Calls 2011 Good for Beef and Pork- But Not for Poultry
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The stage is set for higher pork and beef prices in 2011, with U.S. consumer demand for protein holding up well, lower production of red meat likely, and feed prices again on the rise, predicts a Wall Street analyst.
"We believe the total demand outlook for U.S. beef and pork is relatively bullish given tighter global supplies and a somewhat improved U.S. economy -- white tablecloth food service demand has definitely improved," said BB&T Capital Markets analyst Heather Jones in a note to investors.
Her outlook for poultry is less rosy, given ample supplies of chicken
and an uncertain global demand picture.
Meanwhile, lighter-than-expected farrowing intentions in the recent USDA Hogs and Pigs Report suggest lower 2011 pork production, while the U.S. cattle herd is steadily moving lower, Jones said in her report. "If demand is stable to up somewhat as we expect, pricing should move higher," she said.
Amazing Pictures of Cattle Rescue Down Under
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~As you have probably have seen in the various news outlets- there has been Biblical type flooding in Australia in recent weeks- Queensland has been especially hard hit.
We ran across this blog while cruising through Facebook this morning at the last moment- and wanted to LINK it for you to see how some cattlemen went the extra mile (in a boat) to rescue their bovines.
The blog starts off "Our first experience of 2011 was- NOT BORING! Grab a cuppa, get comfy and get ready for a little (waterlogged) bush adventure" and from there they have a bunch of great pictures as they move some heifers from point A to point B- it's amazing!
SURE Sign Up Begins Next Monday for 2009 Losses
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Beginning Jan. 10, 2010, producers who incurred crop losses for the 2009 crop year can sign up for the Supplemental Revenue Assistance Payments program (SURE). Eligible growers can apply for the program at their local U.S. Department of Agriculture Farm Service Agency county office.
SURE, a program of the 2008 Farm Bill, provides assistance in an amount equal to 60 percent of the difference between the SURE farm guarantee and total farm revenue. The farm guarantee is based on the amount of crop insurance and Non-insured Crop Disaster Assistance Program (NAP) coverage on the farm. Total farm revenue takes into account the actual value of production on the farm as well as insurance indemnities and certain farm program payments.
It is expected that many producers in Oklahoma- especially wheat producers who had a failed wheat crop (or half a crop) in 2009 may be in line for a substantial SURE payment. Check with your local FSA office for details on what you need to check eligibility and to apply- starting next Monday.
Oklahomans on the National Cotton Council
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Two Oklahoma Cotton growers are serving on the National Cotton Board beginning in 2011.
Secretary of Agriculture Tom Vilsack announced Clint D. Abernathy, Altus, as a new producer member of the board. Robert D. Robbins, Altus, was re-appointed as a producer alternate member of the board.
They will serve three-year terms beginning Jan. 1, 2011 ending Dec. 31, 2013.
Speaking of the cotton industry- they traditionally have one of the first major agricultural events of the new year- and 2011 is no exception. The Beltwide Cotton Conferences are getting underway here this week in Atlanta, Georgia. You can click on the LINK below for details on this year's event and how to follow along with some of the key parts of that meeting.
We will be in Atlanta by the end of the week- as we will be covering AgConnect 2011 as well as the American Farm Bureau's annual convention that will both be at the World Congress Center in downtown Atlanta this weekend and into the first of next week.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Big Iron Online Auctions for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE!
We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $10.20 per bushel- as of the close of trade on Thursday, while the 2011 New Crop contracts for Canola are now available are $10.90 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: