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
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
cash price for Canola is $12.28 per bushel-
New Crop contracts for Canola are now available at
$12.60 per bushel- delivered to local
participating elevators that are working with PCOM.
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Monday, February 27,
Vesus Dairy- In Ireland, Hands Down- It's Dairy
that is Most Profitable
is the most profitable segment of Irish
agriculture- at least that's the opinion of Dr.
Padraig French, the head of the Livestock Systems
Research Department for the Irish Agriculture and
Food Development Authority. The numbers seem to
back him up, as the bulk of the dairy products
that are produced in Ireland are value added and
exported into the European market and beyond.
Especially lucrative is the infant formula market-
Ireland produces more of that than anyone else in
While both the beef cattle
business and the dairy industry are heavily
dependent on exports to thrive- Dr. French
believes the beef industry has a much harder time
making a consistent profit- as it is much more of
a margin business. When it comes to the amount of
grasslands that are dedicated to livestock- beef
is clearly the leader, with 60% of the land in
beef production, 25% to dairy and the remainder in
French says that the key to the
dairy business is that Ireland is one of the
world's cheapest places for milk production-
because of the fact that grass will grow 270 to
300 days a year across the southern half of
Ireland, where most of the dairy is concentrated.
We talked to French after his presentation
to Class XV of the OALP- and you can hear our full conversation
with him by clicking here and jumping to the
rest of our story on how Ireland tries to use year
round green grass to their advantage.
Monday morning farm news has comments from
fourOALP Class XV members about what was
surprising to them in Ireland- and what they
learned. Click here if you want to listen to
can also click here for all of our
stories to date from the OALP travels in
Scotland and now Ireland.
click here for our set of pictures
from the entire trip- got lots of great dairy
shots over this past weekend to share.
are proud to have P & K Equipment/ P
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Futures provides Oklahoma Farmers & Ranchers
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available at the App Store- click here for the KIS
Futures App for your iPhone.
Chief Economist Gives Forecast at Outlook
to 2011 as a "very good year for agriculture,"
USDA Chief Economist Joe Glauber this week
outlined what he sees coming in 2012. His forecast
included the following:
for this year are forecast at $131 billion, down
$1 billion from last year, but the second highest
on record. Glauber said this reduction reflects
record global crop production with weaker prices
and export volumes;
-- China became
the U.S.'s largest export customer in 2011, buying
just under $20 billion in various commodities.
Exports in 2012 will drop 15% reflecting that
nation's concentration on bulk commodities like
soybeans and cotton; China is expected to purchase
10% of the U.S. soybean crop this year;
U.S. corn stocks are expected to increase in 2012
assuming a return to trend yields, with livestock
producers seeing increasing margins toward the end
of the year; world corn stocks for 2011-2012 have
tightened and are estimated at 52.3 days' use, the
lowest since 1973-74;
Bureau Committee Expresses Urgency on Passing a
New Farm Bill
agricultural producers urgently need a new farm
bill that provides a strong safety net for farm
income using a combination of crop insurance, a
revenue assurance program and price protection.
That's the message recently delivered by the
Oklahoma Farm Bureau Farm Bill Committee.
encourage farm groups to work together to support
Cong. Lucas and Sen. Stabenow to get the new farm
bill passed quickly," committee chairman Scott
Neufeld said. "We're concerned if this is not
passed by July 1, it will not be passed this year.
Continued delays by Congress to pass the new farm
bill will reduce the farm program's
strongly support completion of the 2012 farm bill
and we must work together to expedite this
process," Neufeld said. "Expediency is needed to
insure certainty for the future of the
committee pointed to the recent drought that
severely damaged crops in the southern High
Plains, as an example of why an effective crop
insurance program is needed.
You can find more information on the
Farm Bureau's request for a new farm bill by
Damona Doye Talks About Rebuilding Herds After The
no secret the 2011 drought was of historic
proportions. It certainly left its mark on
Oklahoma and Texas.
It's also no secret
that the drought did a lot of damage to cattle
producers and forced a lot of them into some
precarious financial situations.
Doye, an agricultural economist at Oklahoma State
University, said a lot of producers are trying to
figure out how to pick up the
"There are people who have
liquidated entire herds. We have people who
liquidated part. We have people who held onto as
many cattle as they could.
liquidated early, they probably saved a lot on
feed expenses. They still got good cattle prices
and so they have money in the bank, hopefully, to
buy back those expensive females," she
You can read more about Dr. Doye's
strategies for rebuilding herds by clicking
Cattle on Feed Up 2 Percent
latest USDA Cattle on Feed report is out on Friday
afternoon, February 24, 2012 and it's being called
neutral to friendly. The numbers came in close to
pre-report estimates with only Marketings higher
than expected. The On-Feed number was the twenty
first straight month of seeing On-Feed numbers
higher than the previous year. There weren't any
big surprises that should sway the market one way
calves on feed for slaughter market in the United
States for feedlots with capacity of 1,000 or more
head totaled 11.8 million head on February 1,
2012. The inventory was 2 percent above February
Placements in feedlots during
January totaled 1.85 million, 2 percent below
2011. Net placements were 1.77 million head.
During January, placements of cattle and calves
weighing less than 600 pounds were 445,000,
600-699 pounds were 430,000, 700-799 pounds were
525,000, and 800 pounds and greater were
Read more about the Cattle on Feed
report or access the full report by clicking
Raisers Applaud Texas Ruling Recognizing
Texas and Southwestern Cattle Raisers Association
(TSCRA) today applauded the opinion of the Texas
Supreme Court in the Edwards Aquifer Authority v.
Burrell Day and Joel McDaniel case regarding
whether or not landowners own the groundwater
below their land.
"The Texas Supreme Court
has affirmed that landowners own the groundwater
in place below their land and that it is subject
to constitutional protection as a property right,"
said Joe Parker, Jr., rancher and president of
"This opinion is a victory for Texas
landowners and will be important for generations
to come. It also recognizes the important
legislation, S.B. 332, that was passed by the
Legislature in 2011" Parker said.
Click here if you would like to read
more about this water rights ruling.
CanolaU Call- and Some Traveling Home Shots from
OALP Travels in Scotland and Ireland
happens on Tuesday at the Cherokee Strip
Conference Center in Enid- it's being put on by
DeKalb and High Plains Journal- there's something
there for farmers thinking about canola for this
first time for later this year- and for folks with
a year os so under their belt- and even for
veterans in the planting of winter
canola. Click here for more detalls about
this excellent program.
you receive this- we are likely in the air over
the Atlantic heading back from Ireland with Class
XV of the Oklahoma Ag Leadership Program. We
have several more stories that we will be posting
over the next few days- and we really enjoyed our
time with these young agricultural leaders and a
chance to see some of the brightest and best
actors in especially Irish agriculture. Our final
two farm visits- to a vegetable operation Saturday
morning (Click here for our story of that
visit) and then the dairy farm of Tim O'Leary
on Saturday afternoon were tremendous learning
times for OALP- and reminded me that sometimes our
race to produce the last bushel of grain or pound
of beef or gallon of milk may not be in the best
interest in the profitability or sustainability of
that family farm. Good stuff.
the way- we will be in Nashville much of this week
as we join the crowd for Commodity Classic- more
on that tomorrow.
You can reach us at the following: