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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:
Current
cash price for canola is $13.07 per bushel at the Northern
Ag elevator in Yukon, as of the close of business
yesterday.
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
Tuesday,
July 24,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Oklahoma
Ag Secretary, Farm Groups Urge House to Pass Farm
Bill
Oklahoma's
agriculture secretary and a broad-based coalition
of agriculture groups have written a letter to
Congressional leaders asking for immediate floor
time for consideration of the 2012
bill.
Secretary Jim Reese
and the 19 organizations implore Speaker of the
House John Boehner and Minority
Leader Nancy Pelosi to bring the
FARRM Act to a vote as quickly as possible. The
letter says the ongoing drought conditions are a
threat to our national food supply, and quick
action by Congress is needed to decrease
uncertainty and encourage lenders and producers to
move forward quickly.
The
farm groups believe a lack of certainty and
direction caused by a delayed farm bill will have
widespread economic impact, such as impaired
financial decisions for lenders and borrowers,
including renewal of operating capital.
The
letter asks House leaders to pass the bill in a
timely fashion to minimize damage to both national
and international markets.
The groups
signing the letter include: Oklahoma Department of
Agriculture, Food and Forestry, American Farmers
& Ranchers, Great Plains Canola Association,
Oklahoma Agribusiness Retailers Association,
Oklahoma Cattlemen's Association, Oklahoma
Conservation Commission, Oklahoma Agricultural
Cooperative Council, Oklahoma Association of
Conservation Districts, Oklahoma Cotton Council,
Oklahoma Farm Bureau, Oklahoma Grain and Feed
Association, Oklahoma Livestock Marketing
Association, Oklahoma Peanut Commission, Oklahoma
Pork Council, Oklahoma Poultry Federation,
Oklahoma Sorghum Association, Oklahoma Wheat
Growers Association, Producers Cooperative Oil
Mill, and Whitetails of Oklahoma.
You can read the full text of the
letter by clicking here.
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Sponsor
Spotlight
We are pleased to
have American Farmers & Ranchers
Mutual Insurance Company as a
regular sponsor of our daily update. On both
the state and national levels, full-time staff
members serve as a "watchdog" for family
agriculture producers, mutual insurance company
members and life company members. Click here to go to their AFR
website to learn more about
their efforts to serve rural
America!
We
welcome Winfield Solutions and
CROPLAN by Winfield as a sponsor
of the daily email- and we are very excited to
have them join us in getting information out to
wheat producers and other key players in the
southern plains wheat belt more information about
the rapidly expanding winter canola
production opportunities in Oklahoma.
CROPLAN has had three varieties in the winter
canola trials this year- all three Glyphosate
resistant- HYC115W, HYC125W and HYC154W. Click here for more information on
the CROPLAN Genetics lineup for winter
canola.
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Agriculture
Secretary Vilsack Announces New Efforts to Assist
Farmers and Ranchers Impacted by
Drought
Agriculture
Secretary Tom Vilsack announced
new flexibility and assistance in the U.S.
Department of Agriculture's major conservation
programs to get much-needed help to livestock
producers as the most wide-spread drought in seven
decades intensifies in the United States. Vilsack
also announced plans to encourage crop insurance
companies to provide a short grace period for
farmers on unpaid insurance premiums, as some
farming families can be expected to struggle to
make ends meet at the close of the crop
year.
"President Obama and I are committed
to getting help to producers as soon as possible
and sustaining the success of America's rural
communities through these difficult times," said
Vilsack. "Beginning today, USDA will open
opportunities for haying and grazing on lands
enrolled in conservation programs while providing
additional financial and technical assistance to
help landowners through this drought. And we will
deliver greater peace of mind to farmers dealing
with this worsening drought by encouraging crop
insurance companies to work with farmers through
this challenging period. As severe weather and
natural disasters continue to threaten the
livelihoods of thousands of our farming families,
we want you and your communities to know that USDA
stands with you."
The assistance announced
uses the Secretary of Agriculture's existing
authority to help create and encourage flexibility
within four USDA programs: the Conservation
Reserve Program (CRP), the Environmental Quality
Incentives Program (EQIP), the Wetlands Reserve
Program (WRP), and the Federal Crop Insurance
Program.
Click here to read more about USDA
assistance programs available for drought-stricken
areas.
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Missouri
Crop and Pasture Conditions Are the Worst in the
US- The Latest US Crop Progress Report
With
little to no relief in sight, the latest USDA
National Crop Progress Report shows significant
declines again in the latest week for corn,
soybean and pasture conditions. Missouri continues
to be the epicenter for the worst of the impacts
of the drought of 2012, based on poor to very poor
ratings for all three commodities.
Nationally, the corn ratings have slipped
seven additional percentage points from one week
ago in the poor to very poor conditions- now at
45% poor to very poor versus 38% one week ago.
Good to excellent ratings have continued to
shrink- now at just 26% of the corn crop
nationally compared to 31% a week ago and 62% on
the 2011 corn crop. The Missouri snapshot has the
Show Me state corn crop now at 79% poor to very
poor and only five percent good to
excellent.
Soybean ratings are similar, as
poor to very poor ratings grew five percentage
points from July 15 to July 22. Over two thirds of
the Missouri soybean crop now has been judged to
be in the poor to very poor categories- 68% to be
exact. There may still be some hope for Illinois
and Indiana soybean producers, although they
desperately need a weather break with their
soybeans at 59% and 53% poor to very poor
respectively.
Livestock
producers, who have few if any resources that can
be called a safety net, have continued to see the
pasture and range conditions head rapidly into
poor to very poor ratings when it comes to the
midwestern states most impacted by drought.
Click here for more and to find a
link to the latest USDA National Crop
Progress Report.
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Oklahoma Crop Conditions
Continue to Worsen; Kansas, Texas Also
Decline
Increasingly
dry conditions with record-setting temperatures
continued to affect summer crops across Oklahoma.
Record-breaking highs were recorded in four towns
and record-tying temperatures were reported in
four others last week. Reports of pastures going
dormant, stock water supplies drying up, and early
cattle sales increased as well.
The
report's bright spot is that 69 percent of the
peanut crop is listed in good condition.
Thirty-five percent of the corn crop is in the
same condition. The largest percentages of
soybeans, cotton, sorghum, however, are said to be
in only fair shape or worse with more hot
temperatures and dry winds on tap this week.
Click here for the full Oklahoma
report.
Precipitation
was spotty around Texas last week, with most crops
reported in good condition, but 52 percent of the
soybean crop is only in fair condition. Click here for the Texas
report.
Kansas
also saw above-average temperatures and
below-average rainfall last week with all crop
conditions declining. You'll find the full Kansas report by
clicking here.
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Beef
Demand is Still the Key Despite Herd Downsizing
Due to Drought
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in this week's Cow-Calf newsletter that the U.S.
beef cow herd continues to decline due to the
drought, but tightening supplies will ultimately
push prices back up.
The continued
worsening of the drought has cattle markets on the
defensive in just about every respect. Loss of
forage and reduced hay production is causing early
feeder cattle sales and additional cow culling.
The signs of additional beef herd liquidation are
everywhere; the mid-year total cattle inventory is
down two percent while the beef cow herd is down
three percent. Though beef cow slaughter is down
over nine percent from last year, cow culling
still exceeds heifer placement and the herd
continues to decline. The July 1 beef heifer
inventory is just even with last year, which
indicates no significant expansion and the
replacement heifers may yet be liquidated if the
drought worsens. The July Cattle on Feed report
included a scant two percent decrease in
placements in June, which is really a 2.8 percent
increase in placements when adjusted for the one
less business day this June. Placements of cattle
less than 600 pounds was equal to last year's
drought enhanced level and suggests more drought
forced placements this year.
The market
price impacts of this year's drought have
developed much quickly and have been much more
severe this year compared to last. Partly that is
because of a more widespread drought with fewer
regional options, partly because of the dramatic
impacts of the drought on corn prices but also
because of a significant erosion in beef values in
the past month. Choice boxed beef decreased eight
percent in the past month, led by a nearly 17
percent drop in wholesale Ribeye prices and an 11
percent drop in wholesale Loin values. A weaker
U.S. macroeconomic outlook combined with weaker
beef exports is contributing to persistent
sluggish growth in beef demand.
You'll find more of Derrell Peel's
discussion of the effects of the drought on cattle
markets by clicking here.
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Choice
Boxed Beef and Finished Cattle Continue to
Slide, Czerwien Says
Ed
Czerwien of the USDA Market News Office
in Amarillo says the choice cut market and
finished cattle were both lower on the week ended
June 20th.
The
choice cut market fell $4.63 last week
to end at $179.31. The total boxed beef volume for
the week was 7,331 loads.
The general trend
in the finished cattle trade was $2.00 to $4.00
lower in most cases, with the average price in the
South at $113/cwt.
There
were some live sales in Nebraska at $112 to
$113/cwt. Dressed sales were also $2.00 to $4.00
lower in Nebraska selling mostly at $179/cwt.
Larger
than normal runs are appearing in most areas
because of drought and diminishing grazing
conditions.
The harvest weights continue to
increase in most areas by the average of three
pounds.
Click here to listen to Ed Czerwien's
full report.
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Class
XVI of the Oklahoma Ag Leadership Program Named by
OSU
Congratulations
to the just named members of Class
XVI of the Oklahoma Ag Leadership
Program. OALP is a two year work-study
leadership development program that was
established in the early 1980s to further develop
future leaders for Oklahoma agriculture.
The
first seminar in the two year program for the new
group comes up in August in Stillwater- and this
class will wrap up their OALP experience in the
spring of 2014. The current Director of the
Program is Dr. Edmond Bonjour.
Click here for more details about the
program and how it has developed over the
years- but here's what you are really interested
in- who's in Class XVI-
Steve
Alspach, Stillwater
Meriruth
Cohenour, Yukon
Jamie
Cummings, Purcell
Patty
A. DeWitt, Cherokee
Jamie
Doyal, Cement
Jane
Fuhlendorf, Stillwater
Joe
Gribble, Yukon
Chris
Hitch, Guymon
Brent
Howard, Headrick
Stacy
Howeth, Yukon
Dianne
Jeans, Tonkawa
Jennifer
Jensen, Stillwater
Karen
Eifert Jones, Waukomis
Chris
Kidd, Addington
Justin
Lingo, Yukon
Cheri
Long, Moore
Steve
McIntyre, Ardmore
Tracey
Payton Miller, Norman
Ginger
Reimer, Claremore
Rusty
Roush, Clinton
Casey
Sharber, Yukon
Sandra
Stevenson, Perkins
Janet
Stewart, Perry
Scott
Stinnett, Porter
Debbie
J. Wedel, Yukon
Justin
Whitmore, Coyle
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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