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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.
We
have a new market feature on a daily basis-
each afternoon we are posting a recap of that day's
markets as analyzed by Justin Lewis of KIS
Futures- and Jim Apel reports
on the next day's opening electronic futures trade- click
here for the report posted yesterday afternoon
around 5:30 PM.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Cash
price for canola was $11.38 per bushel- based on
delivery to the Northern AG elevator in Yukon Monday.
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
Thursday,
February 7,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
First
Ever Beef Sustainability Assessment Documents
Industry Progress
Participants
at the 2013 Cattle Industry Convention gathered
today to hear the results of the first-ever Beef
Industry Sustainability Assessment. The
assessment, which was funded by the Beef Checkoff
Program, marks the first time any industry has
ever measured the sustainability of its entire
supply chain. This important work positions the
beef industry to lead the conversations about
industry sustainability.
"Sustainability
is, in fact, a journey. This particular journey
started two years ago when the Beef Promotion
Operating Committee decided to fund the
sustainability assessment project," said
Richard Gebhart, an Oklahoma
cattleman and vice chairman of the checkoff's
Producer Communications Working Group. "Raising
cattle in a sustainable way has been important to
the cattle industry for a long time, but this is
the first opportunity we have had to use science
to tell that story."
I spoke with Richard
following the presentation. You can hear our full
conversation by clicking here.
Gebhart
says this sustainability assessment is much
broader than most and will provide a wide range of
data. He says it is built on a lifecycle
assessment model.
"When you look at a
lifecycle assessment model, you've got to look at
the three pillars of sustainability. Classically,
people talk about the economic, the environmental
and the social impact in there. I prefer to talk
about the financial, the environmental, and the
social.
"Businesses or entities have to be
financially stable or they're not going to be
sustainable. And we all know about the
environment, the externalities of not bringing
those costs in there. But, more interesting to me
is the social aspect... I think a lot of cattlemen
would really be surprised-and I know they'd be
proud-if they look at how much cattlemen
contribute to the social fabric of our
society."
You can read more of this story by
clicking 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 closing market
prices for canola and sunflowers on
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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NCBA Frustrated
with Russia Over Ractopamine
Standard
At
the 2013 Cattle Industry Convention there's been a
lot of discussion regarding Russia's ban of beef
and pork imports from the United States over the
issue of ractopamine. We talked with
Colin Woodall, the vice president of government
affairs with the National Cattlemen's Beef
Associationabout the Russian moves that have
blocked US beef from entering that
country. Woodall said that's one of the
international issues affecting U.S. producers that
they are tracking.
"We've been very
disappointed with Russia. If you'll recall,
Congress passed Permanent Normal Trade Relations
with Russia back at the end of 2012. We thought
that was a great show of our willingness to come
to the table and deal with them. Of course,
they've also ascended to being a member of the
World Trade Organization and as soon as all of
that was done, the next thing you know they're
turning around and shutting down beef and pork
because of our use of
ractopamine.
Click here to read more- and a
chance to hear our Thursday morning Beef Buzz
featuring Colin- a part of our coverage from Tampa
and the 2013 Cattle Industry
Convention. |
USDA
Announces 2013 Loan Rates for Wheat, Feed Grains,
Oilseeds, Honey, Pulses and
Rice
The
Commodity Credit Corporation has announced county
loan rates for 2013 crops. The American Taxpayer
Relief Act of 2012 provides for a continuation of
the marketing assistance loan and loan deficiency
payment programs for the 2013 crop year. Here is a
brief list of the national loan rates established
for particular crops:
- Wheat
- $2.94 per bushel
- Corn
- $1.95 per bushel
- Grain
Sorghum - $1.95 per bushel
- Barley
- $1.95 per bushel
- Oats
- $1.39 per bushel
- Soybeans
- $5.00 per bushel
- Other
Oilseeds - $10.09 per hundredweight for each
"other oilseed"
For more on this story and links to
the FSA's full list of loan rates, please click
here.
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Dave
Sparks: Don't Let Toxic Plants Cull Your Herd the
Hard Way
Dave
Sparks, DVM, Oklahoma State University
Extension Area Veterinarian writes in the latest
Cow-Calf Newsletter:
The unique
conditions leading into the spring of 2013 may be
leading us into even more potential problems. A
dry growing season last summer combined with poor
forage growth in the fall has left almost no
standing forage in many pastures. In short, as we
approach spring there is not much out there, and
if forecasts are correct conditions for spring
growth may not be great either. On the cow side of
the pasture/ livestock equation, in many cases we
are looking at some mighty hungry individuals. Hay
is scarce and expensive and concentrates are
higher than many of us can remember them ever
being. This has led many producers to design a
management program to "get 'em through the winter"
rather than meeting the cattle's nutritional
requirements.
Under good growing conditions
the primary plants have no trouble holding their
own, but under poor or marginal conditions of soil
fertility and moisture the less desirable species
become much stronger competitors. Additionally in
many of these pastures some of the perennial
grasses and forbs have died, leaving a vacuum that
undesirable species may well fill. Many of these
undesirable species have the potential to be toxic
to livestock if consumed in sufficient
quantities.
Click here for more from Dave
Sparks.
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RFA
Chief Says American Ethanol Is 'Under Siege - and
Fighting Back'
In
an address to 1,100 participants in the National
Ethanol Conference in Las Vegas, Renewable Fuels
Association (RFA) President and CEO Bob
Dinneen said, "The state of the ethanol
industry can be summed up in five words: under
siege and fighting back."
Explaining in his
prepared remarks that "American ethanol is engaged
in a Battle for the Barrel. The stakes are high;
our adversaries are well-funded; and our
challenges are legion," Dinneen said that the
industry is fighting on three fronts:
- Defending
the major federal program for ethanol
production, the Renewable Fuel Standard (RFS);
- Promoting
motor fuels consisting of 15 percent blends of
ethanol with gasoline (E15); and
- Opening
new markets for American ethanol overseas, while
opposing protectionist policies in Brazil and
the European Union (EU).
He
said the RFS is under attack by "the angry birds
at the National Chicken Council, the mad cows at
the American Meat Institute, and the big spending
oil companies. He added, "Our adversaries
are not dedicated to destroying the RFS because it
has failed. Our adversaries are dedicated to
destroying the RFS because it is
succeeding."
You can read more of Bob Dinneen's
prepared remarks for the Ethanol Conference by
clicking here.
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Data
Shows Angus Calves at Auction Bring Record
Premiums
Record-high
calf prices last year spelled good news for most
U.S. ranchers, but there was an extra bonus for
many of them.
That came in the form of
record-high premiums paid for Angus calves at
auction compared to non-Angus contemporaries, as
reported to Certified Angus Beef LLC (CAB). The
database on more than 300,000 calves sold in
13,794 lots at 10 markets since 1999 is part of
the company's "Here's the Premium"
project.
"Everybody who sold calves enjoyed
the market response to supply and demand, but some
may not have noticed the price differentials still
held," said Steve Suther, the CAB
director of industry information who initiated the
study.
Data from nine cooperating auction
markets last fall showed the all-time high Angus
premium in absolute terms. That was $5.30 per
hundredweight (/cwt.) for the combination of
504-pound (lb.) heifers and 511-lb. steers sold in
660 lots.
Click here for more on this
story.
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This
N That- Sally Jewell, Superior and Soy
Expo
On
Wednesday, President Barack Obama announced his
latest Cabinet pick for his second term- naming
Sally Jewell as his choice to be
his next Secretary of the Interior. Click here to read the
President's remarks as he nominated the CEO of REI
to replace Ken Salazar for this post. The cattle
industry in the western states is nervous about
what the second term of the Obama Adminstration
may bring when it comes to grazing rights on
Federal lands. Jewell's attitudes on this
issue are being explored by NCBA staff- according
to Colin Woodall of the NCBA's Washington office-
who did not offer any reaction to the nomination
until the organization was able to do a little
more research on this lady's credentials.
**********
Two
reminders about Superior- first of all- at noon
central time today, Superior will host a
seminar on the Trade Show floor of the Cattle
Industry Convention here in Tampa- Profit
Simplified. Click here for details- a great
lineup of speakers are on board- and this seminar
can be seen live on RFD TV today.
Tomorrow
morning- the next regular video auction for
Superior will be happening- starting time is 8:30
AM central time. Superior will be offering a
great set of cattle- with 34,000 to be offered for
sale. We have details on that for you to
check out- click here for the details of
this auction sale that will be coming from the
Superior offices and studio in Ft. Worth.
**********
The
2013 edition of the Oklahoma Soy
Expo is set for next Wednesday in
Stillwater at the Wes Watkins Center on the OSU
Campus. A great set of speakers are lined up-
including Trent Loos who will be
talking about ag advocacy in this country. I
saw Trent yesterday here in Tampa and kidded him
about his seminar on soybean production in our
state that he was planning on giving. We
laughed and he said he's excited to be coming to
OSU next week for the event. In
addition to a great program- there will be a trade
show- lunch that will be provided and there is no
registration fee. Plan on coming- the
program gets started at 8:45 AM and concludes
mid afternoon. Click here for the
complete agenda of the day's
activities.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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