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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 $13.00 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
Wednesday, August 1,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Farm
Bill Extension Dies- Out of its Ashes Rises Up a
Solo Livestock Disaster Measure
The
short lived one year extension of the 2008 Farm
Law is dead, as Republican leadership pulled the
bill as the Rules Committee prepared to meet on
Tuesday evening to ready the measure for Floor
consideration on Wednesday. Instead, it appears
that House Ag Committee Chairman Frank
Lucas of Oklahoma will now lead a hurry
up effort to obtain Livestock Disaster Assistance
for this crop year and next- the same livestock
disaster package that was hooked up with the
extension that was doomed from almost the start.
Tuesday evening, the House Ag
Committee issued the following statement that is
attributed to Chairman Frank Lucas:
"My
priority remains to get a five-year farm bill on
the books and put those policies in place, but the
most pressing business before us is to provide
disaster assistance to those producers impacted by
the drought conditions who are currently exposed.
The House is expected to consider a disaster
assistance package on Thursday and I encourage my
colleagues to support it. Beyond that, I will
continue to work with my leadership, Ranking
Member Peterson and our members to determine the
best path forward. The challenges our farmers and
ranchers are currently facing only underscores how
important it is that we complete a five-year farm
bill this year."
The
Rules Committee has assigned a number to the
proposal- and our Top of the Ag News story has a
link to the full text of the bill that could be
considered on Thursday. Click here to jump there. It's
fate in the Senate is unknown, as Chairlady
Debbie Stabenow seems to be
taking the position that she will oppose
considering this measure for now- let the House
get an earful back home in August and then hope
for floor time for the full House Ag Committee
five year plan.
In
fact, the Stand Alone package may have a hard time
getting off of the House floor, as Collin Peterson
is not a big fan either. However, it just
seems unlikely that he would vote no for this type
of help for livestock producers in the face of
such a broad based drought as we hit August
2012.
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Sponsor
Spotlight
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 lineup for winter
canola.
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.
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CanolaTV-
Mark Boyles Says Canola Has Proven Its Worth in
Cleaning Up Wheat Fields
Based
on the initial reason to promote winter canola to
Oklahoma wheat producers, the need to clean up
weeds from wheat fields, this crop can be called a
success- that's the contention of Extension Canola
Specialist for OSU, Mark Boyles. Boyles talked
with Farm Director Ron Hays about growing winter
canola in the southern plains at the Altus session
of the OSU Winter Canola Conferences held in July,
saying that wheat farmers have been able to
produce a cleaner wheat crop in fields that had
wheat following a year of canola production.
In this latest episode of CanolaTV,
Boyles says that the two Winter Canola Conferences
were well attended, with 300 in Enid and over a
hundred in Altus- Boyles saying "farmers were not
talking and were listening- they were there for a
reason- for a purpose" as 2012 showed producers
they could grow canola- and interest has grown as
a result. Boyles says that seed companies are
telling him that they have already booked a lot of
seed sales for 2013- and he urges farmers who want
to plant canola this fall to not wait, as they
could find the top varieties sold out if they
delay too long.
Click here for this latest edition of
CanolaTV, a service of PCOM, Producers
Cooperative Oil Mill.
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Making
the Most of Cattle Marketing Opportunities When
Production is Difficult
The
drought poses many problems, one of which is that
it compounds the difficulty of cattle-marketing
decisions. In this week's Cow-Calf Newsletter,
Derrell S. Peel, Oklahoma State
University extension livestock marketing
specialist explores the topic and offers some
recommendations on how to maximize profits.
It is often the case in the cattle
business that "when production is easy; marketing
is hard" and "when production is hard; marketing
is easy". This makes sense because when production
is easy and everyone can do it, prices often drop
and marketing profitably is a challenge and when
production is a challenge, there are often good
market opportunities. Certainly the widespread
drought is making production a challenge at this
time for a great many producers. Many cattle
producers are on the defensive trying to figure
how to best use rapidly dwindling feed resources;
what to sell and when to sell it; and ultimately
how to survive the drought with minimal negative
impacts.
However, current cattle prices
reflect underlying market signals as well as the
direct impacts of the drought. Most attention has
been focused on how much cattle prices have
decreased in the past two months. For feeder
cattle, it is always important to consider changes
in the price relationships across weights as well
as the overall price levels. Recently, prices for
lightweight feeder cattle, i.e., calves and
stockers, have decreased more than prices for
heavy feeder cattle. The decrease in heavy feeder
prices reflects primarily the impact of high corn
prices on feedlot demand for cattle combined with
the general demand weakness reflected in boxed
beef prices. Calf and stocker prices reflect all
of those factors plus the lack of forage and
limited opportunities for stocker based cattle
production. As a result, the current price pattern
is one in which feeder prices drop rapidly up to
about 600 pounds (for steers) and then are
relatively flat up to about 850 pounds. In fact,
for the past two weeks in Oklahoma, the cheapest
steer under 800 pounds is a 575 pound animal with
higher prices for weights from 600 to 800 pounds.
This type of "inverted" feeder price structure
occurs rarely and reflects the combined impacts of
high corn prices and a relative excess of animals
at the current time due to the drought.
Click here for more from Derrell
Peel.
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Animal
Agriculture Alliance Ends 25 Year Relationship
With Bank of America Over HSUS Support
Last
month, the Animal Agriculture Alliance reached out
to Bank of America with concerns about its public
support of HSUS and asked the company to sever its
ties to the extreme animal rights group. The bank
indicated it would not discontinue its HSUS
affinity card program, so the Alliance has made
the decision to end its relationship with its bank
of 25 years.
Bank of America's Agribusiness
Executive emphasized in a phone conversation with
Alliance CEO Kay Johnson Smith
that the affinity card program with HSUS was not
new and that HSUS received no preferential
treatment. He emphasized his long time connections
with agriculture and his sincere commitment to
supporting agriculture through numerous
sponsorships, research and service.
Bank
of America does not consider the $60 from each
affinity card as a donation, but rather a "fee"
paid to HSUS (and other affinity program
participants) for bringing in new clients. When
told that HSUS spends a great deal of money on
disparaging campaigns, as well as legislative and
legal attacks against farmers and ranchers, yet it
spends less than one percent on direct animal
care, he recognized that statistic. He then
discounted it by saying people believe HSUS helps
animals and they enjoy having a card with cats and
dogs on it.
You can read more about why the
Animal Agriculture Alliance severed its ties with
Bank of America by clicking here.
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Oklahoma
FFA Claims Two Star Finalists for 2012 Convention
in Indy This Fall
The
National FFA Organization has selected 16
finalists (four per award) for the organization's
top awards: American Star Farmer, American Star in
Agribusiness, American Star in Agricultural
Placement and American Star in Agriscience. These
star awards recognize students who have developed
outstanding agricultural skill and competency
through their career development programs,
demonstrated outstanding management skills, earned
the American FFA Degree-the organization's highest
level of accomplishment-and met other agricultural
education, scholarship and leadership
requirements.
Each
star finalist receives $2,000 from the National
FFA Foundation and earns the opportunity to
participate in an international experience tour to
Costa Rica. A panel of judges will interview the
finalists and select one winner for each award at
the 85th National FFA Convention, October 24-27,
in Indianapolis, In. Winners will receive an
additional $2,000 award.
Oklahoma
has two of the sixteen finalists (Only
Georgia has more for a state- with three)- putting
finalists into the Star Farmer and Star in
AgriScience categories. The Star Farmer finalist
from Oklahoma is Jeremy Weichel
of Cordell FFA- and the Star in AgriScience is
Taylor Runyan of the Atoka
FFA.
We
are making plans for our 2012 coverage from
Indianapolis- and will be there covering all of
the Oklahoma angles once again when October rolls
around.
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The
Protect Interstate Commerce Act Offers State Trade
Solution, U.S. Rep Says
In
the following op-ed piece, Representative
Steve King (R-Iowa) argues
against domestic trade protection
practices.
The food standards
maintained by the United States Department of
Agriculture (USDA) and the United States Food and
Drug Administration (FDA) keep food in our country
safe. Imagine going to the grocery store, and
instead of finding several varieties of food
products, only certain brands are available and
many are out of stock. This is exactly what is
happening in Europe. The Wall Street Journal has
reported that egg prices have jumped as much as
76.5 percent as of March of this year, and the
price of eggs has more than doubled in the Czech
Republic from 2011 to 2012, the result of costly
over regulation of chickens.
Our Founding
Fathers understood states would erect trade
barriers against each other. That is why the
enumerated power of Congress, to exclusively
regulate interstate commerce, is enshrined in our
Constitution. They knew that if states were left
to themselves, the temptation to erect trade
barriers in an effort to protect the interests of
the producers within their borders would be hard
to overcome. And they knew that, in doing so, the
states would stunt the growth of our nation's
economy and put America at a competitive
disadvantage on the world stage.
Click here for more of Rep. Steve
King's editorial on domestic trade protection
practices.
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RFD-TV
Makes Record $1 Million Cash Donation to FFA
A
record-setting, unrestricted cash contribution of
$1 million was given to the National FFA
Foundation by RFD
Communications.
Patrick G.
Gottsch, founder and president of Omaha,
Neb.-based RFD Communications, presented the
donation to National FFA President Ryan Best at
the FFA State Presidents' Conference at the U.S.
Department of Agriculture headquarters in
Washington, D.C.
"When RFD-TV was launched
in December 2000, our stated mission and charter
was dedicated to serving the needs and interests
of rural America," Gottsch said. "Our association
with FFA has been such a rewarding experience and
contributed much to the success now being realized
at RFD-TV. We are so proud to be in a position to
raise our level of support for the FFA, and we
hope this contribution will encourage others to
take note of the National FFA's outstanding track
record with youth and the importance of investing
in our future."
There's more about this
unprecedented gift to the FFA on our home
page. Go there by clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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