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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
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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 $12.33 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,
August 28,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Oklahoma
Rain Raises Wheat Pasture
Prospects
Oklahoma
State University Extension Livestock Marketing
Specialist Derrell S. Peel
analyzes market conditions for wheat pasture in
the latest Cow-Calf Corner of the Extension
newsletter.
Much of Oklahoma has
received some rain the past ten days, with a broad
swath of the state receiving significant rain this
past weekend. Recent rain totals vary from less
than one inch up to about three inches. Moisture
combined with cooler temperatures (and cooler soil
temperatures) has wheat producers thinking about
planting wheat for grazing. While conditions are
developing favorably at this time, additional
timely moisture will be needed to make wheat
pasture a reality. Nevertheless, some wheat
planting could begin in the next couple of weeks.
Market conditions for winter grazing
appear to be favorable as well, though producers
may need to consider stocker enterprises that are
somewhat different than the traditional stocker
system. Historically, there is a strong preference
for very lightweight stockers in Oklahoma, with
many stocker calves purchased in the 375-500 pound
range. With typical winter gains, this often
results in feeders marketed in late February or
early March at weights ranging from 675 to 750
pounds. This system worked well in the past and,
in fact was often the most economical stocker
alternative. Cattle markets have changed
dramatically and may make this system much less
attractive if not infeasible this year.
The 2012 drought reduced feeder prices
this summer with impacts expected to continue
until next summer due to high grain prices.
Lightweight calf and stocker prices dropped
sharply through July but have bounced back
strongly in the past two weeks. Four-weight steer
prices in Oklahoma have increased about $15/cwt.
since the end of July. Heavy feeder prices dropped
less than calves but have recovered only about
$4/cwt. in the past month.
To
read more of Derrell's assessment of wheat pasture
economics, 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- to learn more about their efforts to
serve southern agriculture- check out
the 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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Rainfall Does
Little to Improve Crop Conditions Across
Oklahoma
Every
Oklahoma Mesonet station recorded rainfall during
the past week with a state average of 0.89 of an
inch. Most of the precipitation fell over the
weekend, but was only a fraction of what is needed
for drought relief, and has had little effect on
the row crops in the ground. Conditions for corn,
sorghum and soybeans were rated mostly fair to
poor, while cotton was rated mostly poor and
peanuts were rated mostly good. Hay conditions
continued to be rated poor to very poor. Click here for the weekly Oklahoma
Crop Weather report.
Most
of Kansas received much-needed rain, but row crops
improved only slightly. Corn harvest is 25 percent
complete, with 74 percent of the crop listed in
poor or very poor condition. For more of the
Kansas Crop Progress report, click here.
Scattered
showers were reported across much of Texas last
week with corn, cotton, and sorghum conditions
improving slightly. Peanuts have made good
progress with little disease pressure reported. For more from Texas, click
here.
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National
Crop Progress Report Shows Early Corn Harvest and
Awful Pasture Conditions
USDA's
Crop Progress report from the National
Agricultural Statistics Service (NASS) released
Monday confirmed the continuing early harvest
season. Six percent of the corn is harvested
in the 18 most corn producing states so far this
season, while the average for the time of year is
approximately two percent.
This
week, 11 states reported harvesting corn this
early in the season. Indiana, Iowa and
Pennsylvania began harvesting since last week's
report. According to the NASS report, 26 percent
of the corn crop is mature and 76 percent is
dented. This time last year, seven percent of
the crop condition qualified as mature.
While
harvest continued, corn condition took a slight
dip from last week, with 22 percent in good to
excellent condition and 52 percent in very poor to
poor condition, one percent higher than last week.
Undesirable soybean condition
similarly increased one percentage point from last
week with 38 percent in poor to very poor
condition. Pasture conditions
remained at 59% poor to very poor nationally, with
four states topping the ninety percentile level of
being poor to very poor when it comes to their
pasture and range conditions. Missouri remains at
99% poor to very poor, while Nebraska rates
pasture conditions 95% poor to very poor- and
Kansas checks in at 92% poor to very poor.
Illinois is the fourth state in this poor of
shape- at 90% poor to very poor.
Issac- the storm- is likely to improve
moisture levels in both Arkansas (with 84% poor to
very poor pasture conditions) as well as Missouri
as it comes ashore later in the week. For
the current snapshot of all of the major crop
conditions nationally at the beginning of this
week- click here for the USDA Crop Progress
Report.
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OSU-Developed
GreenSeeker Sensor Now Commercially Available
Trimble
has introduced the GreenSeeker handheld crop
sensor, an easy-to-use measurement device designed
to assess the health of a crop. Readings taken
with the GreenSeeker handheld can be used to make
objective decisions regarding the amount of
fertilizer to be applied to a crop, resulting in a
more efficient use of inputs.
This is the
commercial version of the Pocket NDVI sensor that
Oklahoma State University developed in 2010. The
first pocket sensors were given to select
producers as a way to field test the new
technology. With the feedback received from those
using the Pocket Sensor, OSU worked closely with
Trimble in the development and vetting of the
GreenSeeker Handheld unit. After rigorous testing
OSU concluded the GreenSeeker handheld and the
original GreenSeeker unit produced the same values
and could be used interchangeably. The
introduction of a low cost, user friendly NDVI
sensor will aid in the implementation and adoption
of the N-Rich Strip and Sensor Based N
recommendations, not only in Oklahoma but across
the world.
Operators position the handheld
sensor over a plant, pull the trigger, and the
GreenSeeker handheld instantly calculates the
Normalized Difference Vegetation Index (NDVI),
which represents the health of the plant. By
gathering several readings from plants throughout
a field, users can better determine the overall
health and needs of a crop. This can result in a
more efficient use of fertilizer, which benefits
both the farmer's bottom line and the
environment.
Click here to read more about
OSU's GreenSeeker technology.
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Biofuels
Organizations Call on President to Support
Renewable Fuel Standard
Growth
Energy and seven other biofuel organizations sent
a letter to President Obama outlining the
importance of the Renewable Fuel Standard (RFS),
explaining the inherent flexibility of the RFS to
deal with a short crop, as caused by this year's
drought. Additionally the letter went on to
explain the many counterintuitive consequences of
waiving the RFS.
"While the Environmental
Protection Agency has the fiduciary duty to review
the petitions filed by state governors, I felt it
was critical that the industry communicated the
importance of the RFS and how a waiver will not
accomplish the goal of bringing down grain
prices," stated Tom Buis CEO of
Growth Energy.
"Trying to blame the ethanol
industry is disingenuous and misplaced. The true
culprit is Mother Nature and there is no tool
available to alter the unpredictable," Buis
continued. "Currently there is a tremendous amount
of misinformation surrounding the drought and
ethanol production and educating policymakers on
the facts is a top priority."
You
can read more from Tom Buis and the full
letter to President Obama by clicking here.
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Livestock
Veterinarian Hopes to Bring Common Sense to
Congress
Ted
Yoho was recently selected as the
Republican nominee for Congress from Florida's
third district. He defeated a much more
well-financed opponent and in this editorial
outlines what he hopes to bring to Washington
should he be elected in November.
Last
week, I was incredibly honored as the people of
north central Florida's third congressional
district chose me to be their Republican nominee
for Congress. It was a great victory in so many
ways. For one, we were a rag-tag campaign with
only one paid staffer (our campaign manager, Kat
Cammack) and a handful of dedicated interns and
volunteers. We raised only $300,000 compared to
the massive war chest of $2.5 million that my
opponent Rep. Cliff Stearns was sitting on. I had
never run for or held political office in my life.
We were facing a conservative congressman who had
been in office for 24 years. There were two other
local politicians in the race as well, making it a
difficult contest. To say the least, the odds were
against us.
I've been a large animal
veterinarian and small business owner for the last
30 years. My wife Carolyn and I worked our way
through college and built our version of the
"American Dream." No one ever gave us anything -
we worked for it. When we won, reporters descended
on our campaign from all over the nation asking
everything from how we won to what we were
planning to do. A lot of them couldn't believe
that a small country veterinarian could be
Florida's next congressman. Reporters even asked
if I owned a suit.
Going from farm to farm
and ranch to ranch, you become acutely aware of
how government affects people's lives and you pick
up a kind of "barnyard philosophy." As a large
animal veterinarian, you don't survive long
without some common sense. It was through my work
as a vet that I came to realize that our
government was lacking the most basic principle in
Washington; common sense.
Click here to read more from Ted
Yoho.
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Lawmakers
Ask Governor to Block Taxpayer Dollars to
Non-Profits
State
Reps. Paul Wesselhoft and
Sally Kern this week delivered a
letter to Oklahoma Governor Mary Fallin asking her
to block tax dollars that would go to non-profit
organizations.
"We
do not think tax dollars should go to non-profit
organizations. I believe this spending is
unethical and, if not illegal, at least contrary
to the spirit of the Oklahoma Constitution," said
Wesselhoft,
R-Moore.
"Although
we approved appropriations to various agencies, we
have found that some of that money will be spent
on non-profit organizations," said Kern,
R-Oklahoma City. "When lawmakers pass a state
budget, they intend that the money be spent by the
agency appropriately. Tax dollars are intended to
fund government programs, not other organizations.
I think it is a terrible practice and we are
calling for it to stop."
You
can read the full letter to Governor Fallin and
more from Reps. Wesselhoft and Kern by clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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