~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday May 3, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Big Iron OnLine Auctions!
-- Latest Oklahoma Crop Weather Update Shows Wet Versus Dry Status in the state
-- National Crop Progress Numbers Show the Limited Progress in Getting the 2011 Corn Crop Into the Ground
-- No Surprise- Expect Farm Programs to Take Significant Cuts in 2012 Farm Bill Debate
-- OSU's Peel Says USDA Data Lapse Complicates Beef and Cattle Market Analysis
-- Time is Now to Jump Into the NRCS Organic Initiative Pool
-- South Korea Free Trade Deal is the Ticket for Greater Prosperity for US Pork Industry
-- $14.5 million judgment Against OK Foods Stands
-- Memorial Services for Former OFU President Jack Kelsey Set for Today
-- 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 have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555- and their IPHONE App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your Iphone.
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Latest Oklahoma Crop Weather Update Shows Wet Versus Dry Status in the state
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Multiple rain showers fell across Oklahoma over the past week. The southeastern quarter of the state received the heaviest rains. Almost all of the state saw measurable precipitation with four districts receiving over an inch of rainfall. According to the National Weather Service, record flooding occurred in the Illinois River Basin at two separate locations April 25th and 26th while other major and minor floods took place throughout eastern Oklahoma. Although many county burn bans were lifted, 15 are still in place and two grass fires were reported Friday: one in Jackson County and one in Caddo County. The rainfall received in the west was not enough to overcome the current drought, with producers needing more rain to plant summer crops. The U.S. Drought Monitor reported an area of exceptional drought around Tillman County as of April 26th. Topsoil and subsoil moisture conditions improved from the previous week with 64 percent of topsoil and 76 percent of subsoil rated short to very short. The multiple inches of rain received in the East Central and Southeast districts left seven percent of topsoil and five of subsoil percent rated surplus.
For the 2011 wheat crop, the weekly Crop Weather Update shows a further deterioration this week in the crop rating. "Condition ratings remained mostly poor to very poor for all small grains. While it may be too late for some wheat to recover from the damage of the drought, other stands may still see improvements from recent rainfall. Disease pressures were also creating problems for wheat producers. Wheat headed reached 85 percent complete, 14 points ahead of normal and 12 percent of wheat was in the soft dough stage by Sunday."
A week ago, the Oklahoma wheat crop was rated 75% poor to very poor-
this week it has slipped to 77% poor to very poor. Nineteen percent of the
Oklahoma poor is rated fair and only 4% is in good condition. The Texas
crop is in that same neighborhood, with 74% of their wheat rated poor to
very poor, 17% fair and 9% good.
Pasture and range conditions have improved with the rains in the eastern half of the state- 12% were in good to excellent shape a week ago and this week- the pasture and range rating is up to 18% good to excellent.
National Crop Progress Numbers Show the Limited Progress in Getting the 2011 Corn Crop Into the Ground
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We have seen reports that some areas of the corn belt has finally started planting corn at the beginning of this week- but the Crop Progress numbers issued on Monday afternoon still paint a dismal account of the amount of corn actually in the ground for the 2011 crop. Here in Washington at the 2011 National Association of Farm Broadcasters annual Washington Watch, we heard from the President of the American Soybean Assoiciation at a dinner last night- he's from Indiana and he said it is awfully wet back home- how wet?- well, he claims the ducks are wearing waders.
For the corn crop- in 2010, planting went smoothly and quickly in most locations- and we had 66% planted nationally by the first of May- this year we have struggled in all of the major states and have just 13% of the crop planted- the five year average is 40% done by this date.
In the big states that start with an "I", you find Iowa 8% planted versus 82% a year ago, Illinois at 10% planted this year versus 85% and Indiana at 2% planted versus 69% a year ago. The other state that is showing huge problems is Minnesota with just 1% of the crop planted this year- last year they were 84% complete.
No Surprise- Expect Farm Programs to Take Significant Cuts in 2012 Farm Bill Debate
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~These days in Washington when you talk about legislative issues, you always end up coming back to budget and the huge deficits that Congress and the Obama Administration is finally coming to grips with. The Director for Public Policy for the American Farm Bureau, Mary Kay Thatcher, says that colors almost everything that her organization is following on Capitol Hill these days.
That is especially true when you start talking about what the next farm bill will look like. Thatcher likes the idea of not getting in too big of a hurry in making final decisions on the 2012 farm bill- saying the plan advanced by Oklahoma Congressman Frank Lucas, who is Chairman of the House Ag Committee, has a great deal of merit. Lucas contends that it will be best to wait until we have a fresh Congressional budget number in April of 2012- which he hopes will yield a little more money for agriculture in the budget baseline than what might be handed over to the Committee to work with this year.
Click on the LINK below for more from our story featuring our conversation with Mary Kay while here in Washington at the NAFB Washington Watch. You can also listen to our full conversation when you jump over to that story.
OSU's Peel Says USDA Data Lapse Complicates Beef and Cattle Market Analysis
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cattle and beef markets, like many other agricultural markets, are operating at historic and unprecedented levels. Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says there is no doubt that markets have moved to a new level but there is a great deal of uncertainty about exactly what the operating range is for both production and prices.
Even as market analysts are struggling to get their arms around the
markets week by week, a major curve ball was thrown by USDA.
Weekly slaughter and carcass weight data have been a key data flow for many years. These data are vitally important for two reasons. First, the weekly flow of estimated values, followed by actual slaughter values, represents the only near real-time information on meat production relative to currently observed market prices for cattle and beef. This provides the sole means to have a timely and reasonably complete picture of current supply and demand conditions. Secondly, slaughter data are direct data, and as such, are among the more reliable data available to the industry.
Time is Now to Jump Into the NRCS Organic Initiative Pool
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The water is fine and filled with yankee dollars- fifty million of them to be exact. We are talking about the 2011 NRCS Organic Initiative, which has $50 million in funding that will be handed out. The sign-up has been extended to May 20, 2011 with both existing certified organic farmers and farmers transitioning to organic production being eligible. The program payment rate for the Organic Initiative is 75% and, for historically underserved participants, 90%.
USDA's Natural Resources Conservation Service (NRCS) Chief Dave White says this funding opportunity is targeted to both certified organic producers and those transitioning to organic production to implement resource conservation practices on their agricultural operations.
"Organic growers continue to express interest in program support to
implement conservation practices," White said. "This additional
opportunity will allow more producers to get assistance in protecting the
natural resources on their land and creating conditions that help foster
South Korea Free Trade Deal is the Ticket for Greater Prosperity for US Pork Industry
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Pork Exports continue to sizzle in 2011- and according to the Vice President and International Trade Counsel for the National Pork Producers Council Nick Giordano, things could start on the path to being even better if Congress gets the chance to vote on the South Korean Free Trade Agreement in the near future.
We talked with him about the three Free Trade deals originally negotiated by the Bush Administration and only now being brought forward by the Obama Administration. Giordano calls the South Korean agreement the most important trade deal ever for the pork industry in the United States, as it will add ten dollars per head in value to the price of each market hog in the United States when it is fully implemented.
We had a great conversation with Nick about the Free Trade deals as well as DOHA- we have this as one of our Ag Perspectives Podcasts that can be found on Itunes as well as on our website- click on the LINK below to go and take a listen.
$14.5 million judgment Against OK Foods Stands
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OK Foods will apparently have to make good on the $14.5 million judgement against the company after the Supreme Court denied on Monday the company's petition to review a lawsuit filed in 2002 by 300 poultry growers in southeastern Oklahoma, according to court documents.
The Supreme Court did not comment on its decision to deny the Fort Smith, Ark.-based company's request.
The poultry growers filed a class action in 2002 alleging OK Foods used market power to force growers into lopsided contracts.
In July 2007 the 10th Circuit court ruled the company injured
competition. A year later a federal jury awarded the growers $21.1
million, which a federal judge reduced to $14.5 million.
Memorial Services for Former OFU President Jack Kelsey Set for Today
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Former OFU President Jack Kelsey died this past Friday. Services for Kelsey are planned for this morning in Waynoka at the Norhside Church of Christ.
In 1964, he was one of five farmers in the United States selected to go to Pakistan on a Fact-Finding Tour. He served 24 years as Board Member of Oklahoma Farmer's Union before serving as President. He also served as Vice President of National Farmers Union. He resigned both positions in 1991. He was also very active in the International Federation of Agriculture Producers, and in that capacity traveled to at least 25 countries. He was also very active and served as president of the Oklahoma Flying Farmers.
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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 $11.18 per bushel, while the 2011 New Crop contracts for Canola are now available are $11.33 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:
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