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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
$11.25 per bushel- based on delivery to the Northern AG
elevator in Yukon Friday. 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
Friday,
December 7, 2012- Pearl Harbor Day- Thanks to all
of those who served in WW2- Responding to the
Attack of This Day 71 Years
Ago. |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Markets,
Not Mandates, Shape Ethanol Production According
to KC Fed
The
2012 drought has reignited the food versus fuel
debate. In the latest issue of the Main Street
Economist, Federal Reserve Bank of Kansas City
economist Nathan Kauffman
explores ethanol mandates and market-based demand
for ethanol, concluding that markets, not
mandates, will shape future ethanol production and
its use of scarce corn.
After cutting U.S.
corn production below recent years' consumption,
the drought sparked a U.S. grain shortage and sent
global food prices soaring. As the grain shortage
intensified, pressure to relieve the shortage by
easing ethanol mandates mounted. Escalating
ethanol mandates under the Renewable Fuel Standard
(RFS), which fueled the expansion of the U.S.
ethanol industry, will soon exceed the amount of
ethanol than can be used in current U.S. gasoline
blends.
Though some industry participants
believe that a waiver of the mandate could reduce
ethanol production and relieve high corn prices, a
request the EPA recently denied for the 2013
mandate, Kauffman explains that ethanol production
may not decline significantly from a temporary
waiver. The RFS mandates stipulate ethanol
blending for the next decade. A temporary waiver
would not relieve the pressure on current
production to build credits to satisfy future
mandates.
You can read more by clicking here
and you'll also find a link to Kauffman's full
analysis.
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Sponsor
Spotlight
Midwest
Farm Shows is
our longest running sponsor of the daily farm and
ranch email- and their annual Tulsa Farm
Show is now here! The show
continues through December 8th. Click here for the Tulsa Farm Show
website
for more details about this tremendous all indoor
farm show at Expo Square in Tulsa, which has
expanded into the lower level of the Quik
Trip Center for this year's event. Admission
and parking are free- and we look forward to
seeing you at the 19th Annual Tulsa Farm
Show!
We
are proud to have P & K
Equipment as one of our regular sponsors
of our daily email update. P & K is Oklahoma's
largest John Deere Dealer, with ten locations to
serve you. P&K is also proud to announce
the addition of 6 locations in Iowa, allowing
access to additional resources and inventory to
better serve our customers. Click here for the P&K
website- to learn about the location nearest
you and the many products they offer the farm and
ranch community.
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Kim
Anderson Says Sideways Pattern to Continue in
Grain Markets
In
this week's preview of SUNUP, Oklahoma State
University Grain Marketing Specialist Kim
Anderson says given the dry conditions
and potential for crop loss, grain markets are
reacting with caution.
"With the current
supplies--ending stocks 700-million bushels, right
around average for the U.S., just slightly below
average for the world--you would expect wheat
prices to be lower than they are right now. The
drought, I think, has got the market afraid that
we're not going to have much of a crop in 2013 and
they're going to keep as much wheat as possible in
storage. To a certain degree, I think, they're
betting on higher prices as you get out into the
March, April, May, June, July time period. If it
rains, then I think we could see prices going
down."
Anderson says the sideways pattern
is continuing, with prices holding near the bottom
of their range. He expects them to stay there for
the next few weeks.
"We're in the holiday
time period, not much happening in the markets
right now and I don't think much is going to
happen until we get out into, maybe, mid-January
as the market is looking at wheat to come out of
dormancy and see how much moisture we've received
in that time period."
You can listen to more from Kim
Anderson as well as see the lineup for this week's
SUNUP show by clicking
here.
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Bob
Stallman, Poultry Reps Applaud Passage of Bill
Lifting Roadblocks to PNTR with
Russia
The Senate yesterday
overwhelmingly passed legislation that will pave
the way for Permanent Normal Trade Relations with
Russia if the bill is signed by President
Obama. The Russia and Moldava Jackson-Vanik
Repeal Act of 2012 rescinds legislation that is a
roadblock to United States agricultural exports to
the former Soviet Union. The House passed
the bill in November. The bill now goes to
the President for his signature.
American
Farm Bureau President Bob Stallman hailed the
bill's passage, saying it "will
ensure the U.S. benefits from Russia's accession
to the World Trade Organization and remains
competitive in that market. We applaud Senate
members for approving this critical
legislation." (Click here for more from Bob
Stallman.)
Poultry
producers represented by the National
Chicken Council, National Turkey Federation and
USA Poultry & Egg Export Council also
commended the Senate for their rapid attention to
the bill. (Click here for more of their
statement.)
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Secret
Farm Bill from Secret Santa?
The
following editorial was originally published by
the Environmental Working Group in their Ag Mag
newsletter.
Congressional leaders in
search of a compromise to avert the "fiscal cliff"
are under growing pressure from advocates for
subsidized agriculture to attach a $1 trillion
farm bill to legislation ostensibly designed to
straighten out the nation's finances.
What
a lump of coal for taxpayers!!
Only in
Washington could some political leaders propose to
bypass the floor of the House of Representatives
and attach a $1 trillion farm bill - at a cost
higher than the Affordable Care Act - to a measure
designed to reduce the federal
deficit.
Both of the farm bills drafted by
the House and Senate would actually increase crop
insurance subsidies and put the taxpayer on the
hook for more spending when farm prices
fall.
You can read more of the EWG's take
on a possible "stealth" farm bill by clicking
here.
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Newly-Approved
Label Claim for Baytril 100 Broadens Application
Options for Cattle Producers
Baytril 100 has been around for a
number of years. Dr. Larry
Hawkins of Bayer Animal Health says it is
now better than ever due to the approval of a new
label claim by the Food and Drug Administration.
"Control is FDA's word for mass
medication or mediphalaxis, as producers and
veterinarians would call it, but FDA calls it
control. So that broadens the use of Baytril 100
for management of respiratory disease in cattle
operations."
Hawkins says the label change
allows for broader use of the product, making it
easier and more effective in minimizing the impact
of BRD for the producer.
"What it means is for those
high-risk cattle that are coming in, it now says
right on the label things that identify high-risk.
So, things like shipment
or commingling or those individuals that
one producer would expect to cause disease in the
cattle, we can now treat them when they arrive and
keep that to a minimum. The results we have so far
look good. We've got some ongoing
testing."
Larry Hawkins is my guest on the
latest Beef Buzz. Click here to join
us.
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Eight
Days Remain to Vote for USFRA's 'Faces of Farming
and Ranching' Finalists
There
are only eight days remaining for America to help
decide the next faces of agriculture. The U.S.
Farmers & Ranchers Alliance (USFRA) has
identified nine finalists in its Faces of Farming
& Ranching program who all have the passion
and desire to share more about how they grow and
raise food. Consumers and other farmers and
ranchers around the country are asked to vote
online for their favorites to help choose who will
be the winners. The winners will represent all
farmers and ranchers and help encourage dialogues
around food production questions. More
importantly, they will help set the record
straight about the way our nation is
fed.
Click here to go to our webpage where
you'll find links to watch a short video of each
finalist's farm or ranch. You can then vote
for your favorites. The voting will conclude
on December 15. These votes will contribute to the
total score and help determine the
winners.
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This
N That- Drought Tops the Evening News, John Ward
Memorial Info and some Tulsa Farm Show
Notes
Yesterday
at the Tulsa Farm Show, we enjoyed visiting
with several of our wonderful colleagues from
Griffin Communications- Craig Day, Oscar
Pea and Travis Meyer. Craig and Oscar
were busy during the day as they put together an
excellent TV package on the severity of the
current drought that most of Oklahoma is now
facing.
That
package ended up as the lead story at 6 PM on the
News on 6, the top rated station in the Tulsa
television market. Day pointed out that these
conditions that rival the dry periods seen in the
1950s and even the 1930s have an economic cost to
them- but also a human cost. We have his package
on our website this morning- we even make a
cameo appearance- and you can take a look by clicking
here.
*********
John
Henry Ward's life will be celebrated this
afternoon at Life Church in Edmond at 1:30- John
was an All American football player and wrestler
at Oklahoma State University- and after a pro
football career, returned to his beloved Oklahoma
and gave of himself in several public service
oriented positions. In recent years- he had served
as a Vice President for The Poultry Federation and
as the lead man for their Oklahoma operations. He
fought and lost a battle with a rare form of
cancer- and his wife Gayle is asking
that if you wish to honor John's life- that
you do so in the form of a contribution to the
efforts to battle GIST cancer. Click here for the
website that can help you learn more
about this disease- and there is a place there
that you can donate- just specify that it is
in the name of John Ward of Oklahoma.
**********
The
Tulsa Farm Show continues today and tomorrow at
Expo Square- we will be on the scene today and our
colleagues Ed Richards and
Jim Apel will be manning the
booth on Saturday- at aboout 1 PM on Saturday- we
will be drawing a name for the Winch provided by
Perfection Truck Parts and Equipment- that means
you have a chance all day today and tomorrow
morning to sign up for your chance to win!
One of the highlights of the day today- besides
the chance to trade Howdys with yours truly- is
the 2012 Livestock Handling Skills Contest which
will pit ten FFA teams against one another as they
work cattle, show off their knowledge of cattle
well being handling- and compete for scholarships-
a major sponsor of this contest is American
Farmers & Ranchers.
Click here for the agenda for
this year's show- we look forward to seeing you-
and perhaps hearing your drought story for
2012.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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