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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!
Our
Market Links are a service of Oklahoma Farm Bureau
Insurance
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:
Cash
price for canola was $10.18 per bushel- based on
delivery to the Northern AG elevator in Yukon yesterday.
The full listing of cash canola bids at country points
in Oklahoma can now be found in the daily Oklahoma Cash
Grain report- linked above.
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
Monday, November 12,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Out
of State Water Sales Discussed and Rejected by
Oklahoma Farm Bureau Delegates as They Set Policy
for the Coming Year
The
2012 Oklahoma Farm Bureau delegate session was
held on Saturday as a part of their annual
convention and trade show- 398 delegates showed up
to do the work of approving policy for the coming
year for the organization. The wide ranging
discussion covered everything from support for
acts of patriotism such as the performance of the
National Anthem or the Pledge to the Flag at the
start of public events to a call to reduce the
budget for the EPA by fifty
percent.
Perhaps the most passionate
discussion came over water rights within the state
of Oklahoma. The Resolutions Committee proposed a
resolution on the sale of water in Oklahoma that
read "Water in Oklahoma from any source( well,
river, creek, spring, pond, lake, etc) shall
always remain in Oklahoma and may not be sold out
of state without the approval of the House and
Senate." Delegates from southeast Oklahoma
proposed amendments that would have been more
specific as they wanted to name the Sardis
Watershed and put the stipulation in that no water
sale outside of the basin where the water is
located may be completed unless approved by a vote
of the residents of that water basin. A second
delegate also mentioned that water from Hugo Lake
was a commodity that several Texas cities had
inquired about as well. After a lively debate, the
delegates voted down the amendments and approved
the original language as recommended by the
Resolutions Committee.
Another
resolution having to do with flood control dams
was inserted into the Oklahoma Farm Bureau policy
book- this resolution was amended and reads as
follows- "The State and Federal governments shall
be required to maintain their flood control
projects, at their expense." Delegates amended
this resolution to call on the governments
involved to pay for the upkeep of these flood
control structures, many of which are reaching the
end of their useful life- unless they are
renovated.
You
can read more about the delegate session at the
2012 Oklahoma Farm Bureau convention- just click here.
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Sponsor
Spotlight
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 links
to Oklahoma elevators buying canola on
their PCOM website- go there by clicking
here.
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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US
Wheat Faces International Office Closures If Farm
Bill Remains
Stalled
Dan
Hughes raises hard red and hard white
winter wheat as well as corn, soybeans, and dry,
edible beans on his farm in Venango, Nebraska. He
is also vice-chairman of U.S. Wheat Associates.
He says the
stalled 2012 Farm Bill could have serious
affects on foreign market development funds if it
is not passed soon.
"U.S. Wheat
Associates is an organization of 19 states that
produce wheat in the United States that collect
checkoff. And we take those checkoff dollars and
we leverage those to get additional dollars from
the government through grants and awards. And
those are the dollars we use to fund our overseas
operations which consist of 19 offices around the
world.
"To staff those offices, we put
people in there to help the buyers of United
States wheat. We help them acquire the wheat. We
help them line up the shipping. We help them, once
they get it, mill it. We help them blend the flour
to bake the product that they need.
Some
programs are out of money with the lapse of the
2008 farm bill. Other programs will lose funding
authorization at the end of the year. How will
that affect those U.S. Wheat offices
overseas?
"We've basically got enough money
to operate through the end of January. And after
that, if we don't have a farm bill in place with
the authorization for these FMD and MAP funds,
we'll have to start shutting down our overseas
offices."
To read more, click here.
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Lame
Duck Session Fraught With Potential Perils for Ag
Sector, AFBF's Mary Kay Thatcher
Says
When
Congress comes back for the lame duck session
there will be a lot on their plates. Budget
considerations top that list as does the Farm
Bill. Both are intertwined and have broad-reaching
implications for the future of ag
producers.
Mary Kay
Thatcher is a lobbyist in the
Washington D.C. office of the American Farm Bureau
Federation. She recently visited with me about
what has to be done in Congress to move the Farm
Bill forward while at the same time keeping an eye
toward budget cuts and sequestration. She said
there are a number of key issues Congress members
will be looking at- and unfortunately for
agricultural interests- the farm bill is not close
to the top of the list.
Thatcher
does see a chance to get a five year farm bill
done, if the Republican leadership will get behind
Congressman Lucas and allow him to run his bill
without being swept away by a huge wave of
amendments. At some point, if the Congressional
Leadership does not schedule time for the bill- a
push will have to be made to get a short term
extension to the recently expired farm law to
mitigate negative impacts in multiple programs
after the first of January.
That would
push Farm Bill action into 2013- a time when there
will be less money to write new policy with.
You can listen to our full length
audio conversation with Mary Kay or read more of
her comments on our web page. Click here to go
there.
Thatcher was also our
Saturday morning guest on our In the Field segment
as seen on KWTV, News9 in the Oklahoma City area.
In case you missed it- click here for that video
conversation that she and I had about the 2012
elections, the lame duck to follow and what might
be out ahead of us in 2013 inside the Washington
beltway.
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Stabenow
Says Farm Bill Action Could Overcome Congressional
Gridlock
Sen.
Debbie Stabenow, Chairwoman of
the U.S. Senate Committee on Agriculture,
Nutrition and Forestry, released the following
statement on continuing and finalizing the farm
bill process in the lame duck session:
"Americans could not be more clear that
now that the election is over, they want us to
work together to create jobs and reduce the
deficit. If Congress can work together to pass the
Farm Bill, it will create the trust and momentum
we need to overcome gridlock and solve the
challenges our country faces. Passing a bipartisan
Farm Bill that reduces the deficit by $23 billion
is a significant first step in meeting the
critical deficit reduction challenges our country
must face head-on this
year."
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NCBA
Lobbyist Sees No Chance for Tax Reform After
Tuesday's Election Results
The
general elections have come and gone and
Colin Woodall, lead lobbyist for
the National Cattlemen's Beef Association, says
the outcome hasn't changed a thing.
"I
think it's summed up by this: billions of dollars
were spent to get the exact same thing we've
basically had for two years. That's what it boils
down to. Even though we're going to see some new
faces, party control didn't change that much. So I
think the exact same dynamic we've been dealing
with for the past two years is what's going to
lead us into those first two years of this next
Congress and the next administration of President
Obama.
"Unfortunately, for us, it means we
can't expect much in the way of real reform on
things like taxes and the endangered species
act."
He also said there is a lot of
concern that the Obama victory means the EPA will
have free rein.
Woodall joins us on the latest Beef
Buzz. Click here for
more.
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USDA
Releases Latest Supply and Demand
Numbers
USDA
released the latest Supply and Demand numbers,
including U.S. and World Production on Friday. The
report pushed soybean prices sharply lower, corn
just a couple of pennies down and wheat off by ten
to sixteen cents a bushel in the trading session
on Friday.
In
part, the NASS update indicated that, "Corn
production is forecast at 10.7 billion bushels, up
slightly from the October forecast but down 13
percent from 2011. This represents the lowest
production in the United States since 2006. Based
on conditions as of November 1, yields are
expected to average 122.3 bushels per acre, up 0.3
bushel from the October forecast but 24.9 bushels
below the 2011 average. If realized, this will be
the lowest average yield since 1995. Area
harvested for grain is forecast at 87.7 million
acres, unchanged from the October forecast and up
4 percent from 2011."
Friday's
update added that, "Soybean production is forecast
at 2.97 billion bushels, up 4 percent from October
but down 4 percent from last year. Based on
November 1 conditions, yields are expected to
average 39.3 bushels per acre, up 1.5 bushels from
last month but down 2.6 bushels from last year.
Compared with last month, yield forecasts are
higher or unchanged across all States except for
Oklahoma and Texas. Area for harvest in the United
States is forecast at 75.7 million acres,
unchanged from October and up 3 percent from last
year."
Tom
Leffler of Leffler Commodities breaks down the
latest numbers on our home page. Click here to listen to his analysis
and to access a link to the full USDA Supply and
Demand Report.
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Weekend
Rainfall Fairly Widespread- We Have Got the Map
Rainfall
totals maxed out at slightly more than one inch in
several locations across central and eastern
Oklahoma from the rains of this weekend. The Pryor
Mesonet station recorded 1.18 inches of rain, most
of any Mesonet station in the state, while the
Panhandle got no rain from this much anticipated
system. Coverage in the larger wheat producing
counties ranged from an inch down to just a few
hundredths of an inch of rainfall.
With
this system exiting the state on Sunday afternoon-
the next chance of rainfall appears to be next
weekend. The hope is that those areas that got
rain will find those fairly light rainfall amounts
will help sustain the wheat crop for a few days
longer.
Click here to check out the Mesonet
map to see who got what over the last couple
of days.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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