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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
$10.52 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
Wednesday,
October 17,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Agriculture
Keeping Eye on Prop 37 Vote in California on
November 6
California
could become the first state to require labeling
of any food sold in the state containing
ingredients made from genetically modified crops.
California voters will make that decision on
November 6th and polls have shown strong support
for Proposition 37. But as the vote nears - that
support appears to be waning. A new survey by the
Pepperdine University School of Public Policy and
the California Business Roundtable shows support
for the so-called Right to Know measure has
dropped from 66.9-percent to 48.3-percent in just
two weeks. The survey shows opposition has
increased to 40.2-percent - up from
22.3-percent.
Both sides have taken to the
air waves to tell their message. The pro
Prop 37 forces are relying on emotion and feeling
good about what you feed your family- the "no"
forces are looking at the inconsistencies in how
Prop 37 is written, suggesting it would be a
nightmare to enforce, very costly and would
provide few benefits back to consumers.
Even
if the voters of California decide against
mandatory labeling - pressure is mounting on the
federal government to tighten regulation of GMO
crops and the foods they become. A national
labeling campaign is underway. The Center for Food
Safety filed a legal petition seeking mandatory
labeling for GMO foods last year. The Food and
Drug Administration has received more than
1.2-million comments in support of that petition.
The Organic Consumers Association said last week
it was delivering a petition with the backing of
200-thousand consumers calling on President Obama
to require labeling. In addition - 14 states
considered new bills on labeling or banning GMO
foods last year. Federal regulators have
repeatedly deemed any labeling or regulatory
safety testing unnecessary.
Click here to go to our website where
you'll find comprehensive coverage on this
contentious issue. We've posted both the
pro and con commercials as well as links to both
organizations, the text of the proposition itself,
and an interesting op-ed piece from the Los
Angeles Times.
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Sponsor
Spotlight
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.
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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SNAP
Program Number One Offender of Government Waste in
Coburn Report
U.S.
Senator Dr. Tom Coburn released a
new oversight report on Tuesday, "Wastebook 2012"
that highlights more than $18 billion in examples
of some of the ways the Junior Senator from
Oklahoma contends that taxpayer dollars were
wasted in 2012.
In
dollars "wasted," the number one offender
identified by the Coburn report was the SNAP
program(known for years as Food Stamps). The
report says "the SNAP program funded by the USDA
wastes $4.5 billion per year. Lax controls and
mismanagement allow expenditures for food, luxury
drinks, soap operas, junk food, alcohol, diapers,
and guns."
Of
course, the nutrition program is at the heart of
the major differences between Democrats and
Republicans within the 2012 Farm Bill
debate. You could say that this divide is a
key reason why we had no vote in
September in the US House on the
Frank Lucas authored House Ag
Committee Farm Bill. Many Democrats were
very upset over the level of proposed cuts that
the bi partisan House Ag Committee bill set for
nutrition spending- $16 billion over ten years.
They contend that's too much. Many
Democratic Senators have vowed to oppose that
level if the bill passes the House and should be
adopted in a Conference Report later in the
process.
At
the same time- you have conservative Republicans
mad about the levels- saying the $16 billion is
not nearly enough- demanding $32 billion in cuts
over ten years. That level would almost
certainly invoke cardiac arrest with most
Democrats in Congress- note that it's still not
addressing the level of waste that Coburn contends
is in the SNAP program- $45 billion figured over
ten years.
It's
the divide over the Nutrition title of the House
Ag Committee Farm Bill proposal that may prove to
be the undoing of the deal worked out by Lucas
with his Blue Dog Ranking member Collin
Peterson of Minnesota.
While
agriculture was not mentioned in the Presidential
debate on Tuesday evening- food stamps were- as
Governor Romney spoke of 47 million Americans now
receiving them. He cited that number as an
example of a weak economy that needs fixing.
Back
to the Coburn report- the Senator has lots of
programs he singles out- click here to read our story,
look at video coverage of the report nationally
and link over to the report itself.
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Wheat
Pasture Demand and Limited Feeder Supplies Support
Stocker Prices
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, assesses
cattle markets in the latest edition of the
Cow-Calf Newsletter.
Calf
prices in Oklahoma jumped as much as $10/cwt. last
week with stronger stocker demand and limited
supplies both contributing factors. Feeder cattle
auction volumes in Oklahoma are down 26 percent
over the last six weeks compared to last year. A
year ago, fall stocker calf prices increased
counter-seasonally into early December. Conditions
are right for similar support to stocker calf
prices this fall. However, given that calf prices
are already at high levels and the corn price is
sharply higher this year, stocker prices may move
up only a bit more or hold mostly steady near
current levels.
Some
parts of Oklahoma received significant rain this
past weekend that will solidify stocker demand in
some areas. Rain fell in a swath from central into
the northeastern part of the state and across much
of the southeast region. Most of the wheat is
planted and some areas may have grazeable wheat by
early to mid November. However, the north central,
northwest and southwest areas received little rain
and remain critically dry. Variable moisture
conditions across the state means that wheat
stocker demand will likely be spread out across
the next few weeks as wheat pasture develops at
different rates.
Click here to read
more.
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Three
Million Miles Later, Ethanol Still Delivers in
NASCAR
When
NASCAR's top drivers began the "Chase" for the
coveted Sprint Cup Championship this year, they
hit a major milestone for both the sport and for
American Ethanol, racing more than three million
miles fueled by a 15 percent ethanol
blend.
"Since the 2011 racing season,
NASCAR drivers have seen a considerable increase
in horsepower thanks to Sunoco Green E15," said
Richard Childress Racing driver and American
Ethanol spokesman Austin Dillon.
"Reaching three million miles on this proven
renewable fuel is yet another testament to the
quality and value of ethanol for my fellow
American drivers both on and off the
track."
To increase awareness of the many
benefits of ethanol, the National Corn Growers
Association and Growth Energy formed the American
Ethanol partnership with NASCAR in 2011. Over the
past two seasons, every car in every NASCAR race
has been powered by 15 percent ethanol. The NASCAR
Sprint Cup Series, NASCAR Nationwide Series, and
NASCAR Camping World Truck Series races have all
showcased the incredible reliability and
performance that 15 percent ethanol fuel blends
offer.
You can read more by clicking
here.
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OSU
Students Earn Scholarships in Block and Bridle
Contest
Oklahoma
State University livestock judging students
recently competed in the annual OSU Block and
Bridle contest, October 11th.
Katie
Duysen was the High Individual Overall
and earned the coveted Bob Totusek award for her
outstanding performance. Rounding out the top ten
were, Marissa Garside who was
named the 2nd High Individual Overall;
Mark Sims, 3rd; Chris
Hall, 4th; McKenzie
Clifton, 5th; Morgan
Meisenheimer, 6th; Jamie
Bloomberg, 7th; Jake
Warntjes, 8th; Dalton
Newell, 9th; and Chastin
Leggett was 10th
overall.
Individual division winners
included, Mark Sims as the High Individual in
Sheep; Chris Hofschulte was the
High Individual in Swine; Morgan Meisenheimer was
named the High Individual in Cattle; and
Maverick Squires was the High
Individual in the Oral Reasons
division.
Over $2,500 of scholarships were
earned by these students at this event. The team
now looks forward to its final two contests at the
American Royal in Kansas City, Mo., November, 3rd
and then on to the National Championship contest
in Louisville, Ken., on November,
12th.
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Taiwan,
China Offer Tremendous Opportunities for U.S.
Beef
U.S.
Meat Export Federation President and CEO
Philip Seng has just returned
from the Greater China region, where he examined
current market conditions for beef and pork.
His first stop was Taiwan, which had been
one of the fastest-growing markets in recent years
for U.S. beef exports, setting new value records
every year from 2006 to 2010. Beginning in early
2011, beef trade suffered a major setback due to
Taiwan's zero-tolerance policy on ractopamine use.
Recently, however, Taiwan adopted a
maximum residue level (MRL) for ractopamine
residues in both imported and domestic beef,
similar to the policy used in many other foreign
markets. Seng says this policy change has
rejuvenated buyer interest in U.S. beef across
several commercial sectors in Taiwan, and created
a much more favorable business climate.
With regard to mainland China, Seng notes
that economic growth has slowed somewhat from the
torrid pace China had seen in recent years. But
this shouldn't cool the U.S. meat industry's
interest in the market, because China still offers
tremendous opportunities.
Phil Seng joins us for the latest
Beef Buzz. Click here to go
there.
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Crop
Insurance Workshop Set For November 2nd in Enid
Producers,
crop insurance agents, agricultural lenders,
marketing consultants, educators, and other risk
management service providers will all benefit from
the 2012 Crop Insurance Workshop scheduled for
Nov. 2 in Enid.
Presenters at the
workshop will explain the common land unit acreage
reporting plan and provide an update on the status
of the farm bill and its implications for 2013
decision-making. They will also assess the
economics of land rentals and discuss the
implications of drought on grain marketing
strategies.
The workshop will be
conducted at the Autry Technology Center in
Enid.
Click here for more details-
there is a break in the price if you register on
line instead of at the door.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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