From: Ron Hays [] on behalf of Ron Hays []
Sent: Tuesday, February 22, 2011 6:42 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday February 22, 2011
A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Big Iron OnLine Auctions!
-- Direct Payments- Perhaps the Only Way to Hold a Budget Baseline Figure
-- State Lawmakers Looking to Provide Way for Producers to Hold Lien on Livestock Until the Check Clears
-- Staying Heart Healthy With Beef
-- Jim Robb of the Livestock Marketing Information Center Coming to Central Oklahoma This Week
-- Ethanol Advocates Roll Out New Study Showing Billions of Dollars of Benefit to US Economy from Ethanol
-- Feeder Cattle Supplies Continue to Dwindle
-- Pollard Farms Getting Ready for Their Spring Bull Sale Happening This Saturday!
-- Let's Check the Markets!

Howdy Neighbors!

Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have Big Iron Unreserved Online Auctions as one of our sponsors of the daily Email. Their next auction is Wednesday, February 23- 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 website- go there by clicking here.

And we salute our longest running email sponsor- Midwest Farm Shows, producer of the recently concluded Tulsa Farm Show.. Click here for the Midwest Farm Show main website to learn more about their lineup of shows around the country, including the Southern Plains Farm Show this coming April 7-9, 2011 in Oklahoma City.

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.

If you have received this email by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here.

Direct Payments- Perhaps the Only Way to Hold a Budget Baseline Figure
There's lot of detractors that would like to take away from agriculture the money for Direct Payments that is a part of current farm policy. We talked about this key part of the current safety net for farmers with OSU Ag Policy professor Dr. Michael Dicks, who was part of a panel Monday afternoon at the Oklahoma Farm Bureau Leadership Conference.

Dicks says he fully understands why Oklahoma Congressman and current House Ag Committee Chairman Frank Lucas likes Direct Payments and wants to extend them into the 2012 Farm Bill. The key reason Congressman Lucas and others want to keep Direct Payments is what they do for the budget baseline. The five to six billion dollars allocated to farmers through Direct Payments is accounted for in the budget baseline- and it is Michael Dicks' contention that if you lose the Direct Payments- that you lose the one element of farm policy that gives you a chance to hang onto the baseline we have maintained to this point.

Dr. Dicks is convinced that if we go to an expanded ACRE type program that uses that money- it will not be a consistent amount of money that will be accounted for in the budget baseline. He believes that our last significant pot of money will be drawn away. Dicks says that the farm program bottom line is "You have to have some way of protecting that budget- and that's the only thing we have got folks."

Click on the LINK below to read more and to hear Michael Dicks as he talked with us about the value of Direct Payments in helping maintain money for agriculture in the Budget Baseline.

Click here for more with Michael Dicks of OSU as he defends hanging onto Direct Payments as a key within the Commodity Program of US Farm Policy

State Lawmakers Looking to Provide Way for Producers to Hold Lien on Livestock Until the Check Clears
Cattle Producers are asking two questions in the aftermath of the trainwreck in the cattle industry that happened last fall when checks started bouncing all across the middle of the country when Eastern Livestock went belly up. Eastern, the nation's largest cattle buyer, left cattle producers holding millions of dollars of hot checks that have not been honored by their bank- Fifth Third Bank.

The first question the cattle industry is asking is how do we make the cattle producers who were left holding those hot checks whole? That appears to be in the hands of the bankruptcy court and could take years to sort out. The second question is how do we not allow this scenario to happen again. One possible fix is being talked about in the Oklahoma legislature.

Senate Bill 530 is being touted by the Oklahoma Cattlemen's Association and the Oklahoma Farm Bureau in an effort to ensure livestock producers maintain a security interest in livestock they sell until such time as the proceeds from the sale clear the bank.

We talk about the need and the prospects for this measure on today's Beef Buzz- as heard on great radio stations across the region on the Radio Oklahoma Network- and as can be heard in the Beef Buzz section of our website. We have the LINK to today's report below- and invite you to go and check it out.

Click here for more on Senate Bill 530 with comments from Oklahoma Lawmakers Lesley Osborn and Don Armes.

Staying Heart Healthy With Beef
The American Heart Association Has Listed Three Beef Cuts As Part Of Its Food Certification Program, which places the Association's heart-check mark on food packages to help healthy consumers identify foods that meet criteria for saturated fat and cholesterol. The listing of the three products results in part from the Association's partnership with the Beef Checkoff Program.

The three beef cuts that met the Association's criteria for extra lean and now are certified to display the heart-check mark include:

Boneless Top Sirloin Petite Roast (select grade)
Top Sirloin Filet (select grade)
Top Sirloin Kabob (select grade)

The American Heart Association heart-check mark is one of the most trusted icons on food packaging today - and it continues to resonate with health-conscious shoppers, even in a challenging economy. In fact, more than 83% of consumers have an aided awareness of the heart-check mark, and nearly 75% of primary grocery shoppers say the heart-check mark improves the likelihood that they'll buy a product.

This certification allows retailers to display the heart-check mark on fresh case beef packages, promoting the health benefits of a serving of these particular beef cuts to their customers. This is good news, as many of the food industry's top brands have certified products. The mark has been shown to influence sales by as much as 5%. In addition, The Beef Checkoff Trade Association Certification simplifies a retailer's processing and related costs to participate in the American Heart Association's heart-check mark program, such as waiving of certain fees and significant discounts to participate.

Click here for more on this partnership that has been pursued on behalf of cattle producers by the Beef Checkoff.

Jim Robb of the Livestock Marketing Information Center Coming to Central Oklahoma This Week
Extremely high cattle prices currently has the cattle industry scratching its head with many questions of exactly what this means for beef producers. Throw in a shrinking cow-herd nationally and the federal government pumping more incentives into the corn-to-ethanol production, cattlemen have many things to ponder and keep them awake at night!

Canadian County Cattlemen's Association will sponsor a repeat appearance by one of the nation's most renowned livestock marketing gurus. Brad Tipton, Ag Extension Agent in Canadian County says "We are fortunate to have secured Mr. Jim Robb from the Livestock Marketing Information Center (LMIC) in Lakewood, Colorado. Mr. Robb is the Director of LMIC who conducted an outstanding seminar for area cattle producers two years ago. Present market fundamentals are as extraordinary as cattlemen have ever faced and many folks have a 'gut-feeling' that something is going to give real soon."

And that evening will also feature two of the most popular extension specialists at OSU- Dr. Derrell Peel and Dr. Kim Anderson. Derrell will offer an Oklahoma spin on the things raised by Jim Robb in the livestock sector- and Kim will tell you EVERYTHING you need to know about the grain markets.

The free seminar and steak dinner will take place at the Canadian Valley Technology Center at 6:30 pm on Thursday, February 24th. The Technology Center is located just north of OKC West Livestock Market on State Highway 66. The meeting will be in the Seminar Center, which is the same location as two years ago. While the deadline has passed for those that wanted to eat- you can still show up and hear some world class market analysis and advice for the cost of a little diesel or gas to get there.
Call 405-262-0155 for more information.

Click here for more details about the Thursday night Market Outlook Meeting in Canadian County

Ethanol Advocates Roll Out New Study Showing Billions of Dollars of Benefit to US Economy from Ethanol
With ethanol plants operating and being built in 29 states, the economic benefits of domestic ethanol production are having an impact for hundreds of thousands of Americans. According to an economic analysis from Cardno ENTRIX economist John Urbanchuk, released at the National Ethanol Conference, 70,600 Americans are employed directly in the production of ethanol and in industries providing goods and services to ethanol producers. As a result of the economic activity generated by ethanol production, more than 400,000 Americans have been able to keep their jobs or find new ones.

Ethanol production is also contributing to our nation's financial well-being as well as that of American households. In 2010, ethanol production contributed $53.6 billion to the national Gross Domestic Product and added $36 billion to household incomes.

Additionally, ethanol production is paying for itself. The increased economic activity and income generated by America's ethanol industry added some $12 billion to federal, state and local governments through increased tax revenue.

Click on the LINK below for more on this study- we also have a link to the full economic analysis paper written by John Urbanchuck on the value of ethanol here in the United States.

Click here to read more about the value of ethanol to the US Economy.

Feeder Cattle Supplies Continue to Dwindle
The latest USDA Cattle on Feed report confirmed that feedlots continue to build feedlot inventories. The February 1 on-feed total was 11.514 million head, 106 percent of year earlier levels. However, Dr. Derrell Peel of Oklahoma State University says it should be noted that this is compared to a small February number last year. In fact, the current February 1 feedlot inventory is actually just equal to the five average from 2006-2010 for this date. Nevertheless, it is remarkable to rebuild feedlot inventories to this level given overall cattle inventories.

January placements were 104 percent of one year ago, continuing a trend of your over year placement increases in recent months. Placements were up the last five months of 2010 and, in fact, were up 9 of 12 months last year. The result of that was an estimated feeder supply on January 1 that was down 3.3 percent from the previous year. Clearly feedlots are placing cattle at a rate that is not sustainable indefinitely. All of the increase in January feedlot placements was cattle less than 700 pounds, with the biggest increase in feeders weighing less than 600 pounds. That leads to a couple of important questions.

First, why are feedlots placing cattle so aggressively and why are they placing lightweight cattle in the face of such high feed costs? Another question is how long can feedlots continue to defy gravity with feeder supplies?

Click on the LINK below as Dr. Peel wrestles with both of those questions- you can see if you agree with his conclusions.

Click here to read the full analysis for the cattle markets this week with Dr. Derrell Peel of Oklahoma State University

Pollard Farms Getting Ready for Their Spring Bull Sale Happening This Saturday!
The Pollard Farms Annual Bull and Commercial Female Sale will be happening this Saturday February 26, 2011 at 12:30 pm. at the ranch, one mile east of Hwy. 81 on Wood Road in Waukomis, Oklahoma.

Selling will be 79 Angus Bulls, 3 Hereford Bulls and 130 Commercial Females.

In the sale catalog- Barry Pollard tells us "Our goal at Pollard Farms has always been to improve the quality of the bulls offered each year, and this year is no different. Our 2011 offering is the stoutest ever, with a number of exciting young herd sire prospects by industry leading bulls such as Bismarck, Predestined, Gardens Prime Star, Roundup, Pendleton and Rito 5118."

You can call the Pollard Ranch number at 580-758-1464- or click on our link for more information which also give you the option to download the full catalog for the sale.

Click here for more information about the Pollard Farms Production Sale Coming This Saturday February 26.

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.

Click here to check out WWW.OklahomaFarmReport.Com

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 $9.75 per bushel, while the 2011 New Crop contracts for Canola are now available are $10.50 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:
Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day-
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.
Previous Day's Wheat Market Recap- Two Pager From The Kansas City Board of Trade looks at all three US Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market.
Daily Oklahoma Cash Grain Prices- As Reported by the Oklahoma Dept. of Agriculture. PLEASE NOTE- there was no Monday report because of President's Day- Link here reflects Friday prices. <
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

God Bless! You can reach us at the following:
phone: 405-473-6144

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