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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 $12.72 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
Thursday,
August 2,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
High-Priced
Grain Supplies Worrisome for Livestock Producers
Trying to Rebuild Herds, Close
Says
With
corn prices hitting an all-time high this week,
Don Close, vice-president of
Rabobank's Food and Agribusiness Research and
Advisory Group says there's ample reason for worry
by confinement livestock producers.
In the
second part of a two-part Beef Buzz interview,
Close said he believes there will be sufficient
forage for cattle in non-confinement operations
this winter, but tightening grain markets are
worrisome. (Click here for the current Beef
Buzz.)
"I have much more concern for
the confined animal industry with broilers, hogs,
and cattle feeding with our available supply of
feed grains for the coming year. It's going to be
much more of a bigger issue than will be roughage
for outside cattle."
He said sourcing grain
is going to be a big problem.
"There's
going to be keen competition for available
supplies of grain, very likely to levels unlike
anything we've seen in modern history. The
900-pound gorilla in the room in that whole debate
is the ethanol issue and just how much grain will
be consumed how much will they slow down with
distillers' margins upside down. There's a huge
uncertainty on the feed grain side."
Click here for Part I of our Beef
Buzz interview with Don Close.
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Sponsor
Spotlight
It is great to have as a regular
sponsor on our daily
email Johnston
Enterprises- proud to be serving
agriculture across Oklahoma and around the world
since 1893. Service was the foundation upon
which W. B. Johnston established the company. And
through five generations of the Johnston family,
that enduring service has maintained the growth
and stability of Oklahoma's largest and oldest
independent grain and seed dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
Midwest Farm
Shows is our longest running sponsor
of the daily farm and ranch email- and they are
busy getting ready for want to thank everyone
for supporting and attending
the Southern Plains Farm Show
this spring. The attention now
turns to this coming December's Tulsa Farm
Show- the dates for 2012 are December 6
through the 8th. Click here for the Tulsa Farm Show
website for more details about this tremendous
all indoor farm show at Expo Square in Tulsa.
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Vilsack
Announces New Drought Assistance, Designates 218
Additional Counties as Disaster
Areas
Agriculture
Secretary Tom Vilsack announced
two new pieces of disaster assistance for farmers
and ranchers impacted by the nation's worsening
drought. First, Vilsack is expanding emergency
haying and grazing on approximately 3.8 million
acres of conservation land to bring greater relief
to livestock producers dealing with shortages of
hay and pastureland. Second, the Secretary
announced that crop insurance companies have
agreed to provide a short grace period for farmers
on insurance premiums in 2012. As a result,
farming families now have an extra 30 days to make
payments without incurring interest penalties on
unpaid premiums.
Vilsack also signed
disaster designations for an additional 218
counties in 12 states as primary natural disaster
areas due to damage and losses caused by drought
and excessive heat. Counties designated today are
in the states of Arkansas, Georgia, Iowa,
Illinois, Indiana, Kansas, Mississippi, Nebraska,
Oklahoma, South Dakota, Tennessee, and Wyoming.
More than half (50.3 percent) of all counties in
the United States have been designated disaster
areas by USDA in 2012, mainly due to
drought.
Click here to find out more about the
new drought assistance programs.
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As
Chairman Lucas Gets Ready for Floor Time- National
Ag Organizations Don't Oppose Livestock Disaster
Measure- But Don't Like
It
The
latest word on HR 6233, the last minute Livestock
Disaster Package, will go forward today under the
sponsorship of House Ag Committee Chairman
Frank Lucas- and while at first,
it looked like it would require a 2/3 majority
vote- the rule has been modified by leadership
where simply a majority vote will be needed to get
it across the House floor intact. Debate
will be limited to one hour- no amendments- and it
now appears that the top Democrat on the House Ag
Committee, Collin Peterson, will
support the measure- Politico.Com reporting he
will do so out of loyalty to Congressman Lucas.
That could patch up a rough spot in their
relationship that has developed as Congressman
Lucas, playing the nice guy, has worked with his
leadership as they have deliberately avoided
debate and a vote on the House Ag Committee's farm
bill.
After
the passage of the 2012 farm bill proposal by the
Committee a couple of weeks ago, Congressman Lucas
may be feeling more and more like swiss cheese- as
folks and groups have taken shots at him from all
directions on this Committee measure, as well as
the now dead farm bill extension and now this
stand alone Livestock Disaster plan. Farm
and conservation groups are fuming over HR 6233
which will be voted on later today- the dozen
groups that signed off on a letter that we
describe below saying the vote is unneeded because
all of this stuff is in the Committee five year
plan- and that is what the House should be working
on instead. Conservation groups are mad
because of the funding plan- which pulls money
from EQIP and CSP- sorta. Congressman Lucas
explained why the money was coming from this part
of farm law to Congressman McGovern of
Massachusetts yesterday in the Rules Committee-
saying appropriators had already effectively
extended those programs by six years to raid
dollars from them for whatever they deemed more
important- this was basically an outsmart the
money people ploy to grab those dollars back for
agriculture in a practice called "chimping."
(CHIMP- CHanges in Mandatory Program
Spending)We have the video of the Rules
Committee with Congressman Lucas answering
questions- click here to check it out.
Floor debate on the Livestock
Disaster Assistance measure will be happening
between 11 am and noon central time- to be seen on
CSpan.
The
dozen agricultural groups that include the
American Farm Bureau, the National Association of
Wheat Growers and others say that they "support
finding a path forward to reaching agreement on a
new five-year farm bill before current program
authorities expire on Sept. 30. We are
disappointed that the House Republican leadership
has decided to not move forward with the House
Agriculture Committee's bill before adjourning for
the August recess. That bill would provide the
disaster relief our farm and ranch families need
at this time.
"We do not oppose passage of
a disaster assistance bill, but note that almost
identical provisions to retroactively extend these
four programs are included in the Senate-passed
farm bill and the bill reported by the House
Agriculture Committee."
You can read more of the ag groups'
statement and see a list of the signatories by
clicking here.
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Oklahoma
Beef, Pork Industry Leaders Hail New OSU Animal
Science Head
The
Oklahoma Cattlemen's Association and the Oklahoma
Pork Council say they are excited to welcome Dr.
Clint Rusk to Oklahoma State
University as the new Department Head in Animal
Science.
"Oklahoma's cattle industry is
the largest segment of our state's agricultural
economy," said Scott Dewald,
executive vice-president of OCA. "It is critical
to have leadership in the Animal Science
Department at OSU that not only recognizes the
role the cattle industry plays in our state, but
also embraces it. Dr. Rusk has a tremendous
background in the cattle industry and his
experience will be invaluable."
"The
challenges facing Oklahoma's pork producers and
all livestock producers in the state are growing
almost daily," said Roy Lee
Lindsey, okPORK executive director. "We
need a dynamic Animal Science department at OSU to
help us meet those challenges. The first time you
meet Dr. Rusk, you see and hear the passion he has
for agriculture and for livestock production. That
passion will help us meet our challenges head
on." |
Implanting
'the Single Most Profitable Management Practice
That Stocker Producers Can Use'
Several
years ago, the Noble Foundation conducted a study
to evaluate various implants for use in stockers
grazing wheat and rye pastures. Implants are
comprised of hormones compressed into pellets that
are placed under the skin of the animal's ear to
stimulate additional weight gain and efficiency.
Implants are highly effective, generally producing
a 5 to 15 percent improvement in average daily
gain (ADG). Implants improve the efficiency of
beef production, increasing profit for producers
and decreasing costs for consumers.
Two key
take-home messages can be gleaned from this study.
First, all the heifers that were implanted gained
faster than the non-implanted controls by 12
percent (0.23 pound per day). It is imperative
that stocker operators implant their stocker
calves. Implanting is likely the single most
profitable management practice that stocker
producers can use. At 2012 market prices, this
additional gain would be worth in excess of $30
per animal. Second, it is important to have an
active implant in the cattle from day one. The
calves in which we delayed implanting did not
fully compensate in the latter half of the grazing
season. Reimplanting stockers grazing wheat and
rye pastures was not beneficial.
For more information and links to the
study data, please click here.
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Oklahoma
Beef Quality Assurance Program Award Winners
Announced
The
Oklahoma Beef Council honored two companies and
several individuals with awards from the Beef
Quality Assurance Program. Funded by the Beef
Checkoff, the BQA program promotes good management
practices for cattle producers in an effort to
strengthen consumer confidence in beef as a
wholesome, high quality product. Every year the
Oklahoma Beef Council honors those individuals and
organizations that have dedicated their time and
effort to ensure the success of the Oklahoma BQA.
The 2012 Oklahoma BQA Outstanding Service
Award went to Priefert Ranch Equipment and Shawnee
Feed, who believe in BQA and have demonstrated it
through their financial support. The program
continues to gain strength and momentum through
industry partners such as these.
The 2012
Oklahoma BQA Outstanding Trainer Award went to
Aubie Keesee with the Oklahoma Cooperative
Extension Service (OCES). Keesee is the Extension
educator for Hughes County and is a certified BQA
trainer. He has attended numerous BQA trainings
and spent countless hours developing Oklahoma's
new Youth Beef Quality Assurance (YBQA)
program.
Click here for more BQA Award
winners.
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Death
tax Relief Extended by House Vote- NCBA
Cheers
The
U.S. House of Representatives voted Wednesday to
extend the current tax code for another year. This
includes keeping the estate tax, known as the
death tax, at its current level of 35 percent for
estates worth more than $5 million per individual
and $10 million per couple. The Death Tax fix for
another 12 months is a part of H.R. 8, the Job
Protection and Recession Prevention Act. This
legislation provides a one-year extension of
existing tax rates, preventing a tax hike on
January 1, 2013. It passed the U.S. House of
Representatives on Wednesday with a 256 to 171
vote.
Tackling the death tax is the top
priority for the National Cattlemen's beef
Association- the oldest and largest beef industry
organization in the United States. The death tax
directly affects family-owned small businesses,
such as farms and ranches, because of the burden
it places on families hoping to pass their
business on to the next generation.
Click here to read more about
this latest effort to avoid a massive tax increase
in a variety of areas on January first of 2013.
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Drought
Monitor Index Cometh
Shortly- we will have the latest
US Drought Monitor out- and we
will have details later this morning on our
website- OklahomaFarmReport.Com.
It will almost certainly show
significant drought expansion across
Oklahoma.
Extremely hot temps continue
today and tomorrow- and the winds will be picking
up some- raising fire danger- and lots of Oklahoma
counties are under a Red Flag Watch.- click here for details on that.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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