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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 $10.61 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
Monday, February 25,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
-- AFR President Terry Detrick Reelected for
a Fresh Three Year Term ( Jump
to Story)
--
Number of U.S. Cattle on Feed Drops Six
Percent
(Jump to
Story)
-- Water,
Runaway EPA Two Big Issues on OFB's Priority List,
John Collison Says ( Jump to
Story)
-- Many Complicated Factors Holding Down
Wheat Prices, US Wheat Associates Analyst Says ( Jump to Story)
-- New USGS Report Updates Decline of
the Ogallala Aquifer Groundwater Levels ( Jump
to Story)
-- Rainfall-Snowfall Gave Most of State an
Inch of Moisture Last Week- More Arriving NOW ( Jump
to Story)
-- Agriculture Secretary Tom Vilsack to
Deliver Keynote Address at Commodity Classic ( Jump to
Story)
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Featured
Story:
AFR
President Terry Detrick Reelected for a Fresh
Three Year Term
The
President of the American Farmers and Ranchers,
Terry Detrick, will remain in
that job for the next three years as delegates to
the 2013 Convention of the AFR and the Oklahoma
Farmers Union reelected him to that post on
Saturday in Norman.
Detrick,
was appointed to the job in 2009 after Ray Wulf
stepped aside- the Ames, Oklahoma wheat and cattle
producer was the Vice President of the
organization before taking over the Presidency in
2009. The won his first full three year term in
2010. The 2013 vote to retain Detrick in the job
was not close, with 615 out of 850 delegates
voting for Detrick.
Terry
is well known outside of Oklahoma- having served
as a President of the National Association of
Wheat Growers- and he made an unsuccessful bid to
become the President of the National Farmers Union
about a decade ago.
John
Porter of Stillwater will remain as the
Vice President of the organization, while long
time AFR staffer Paul Jackson has
won the Secretary-Treasurer job, with 90% of the
delegates supporting the Ringling, Oklahoma
rancher.
Click here for more on the
elections at the 2013 AFR/Oklahoma Farmers Union
Convention- and a chance to hear our visit with
Terry after the Credentials Committee announced
the results of the vote.
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Sponsor
Spotlight
It
is great to have as a regular sponsor on our daily
email Johnston Enterprises-
proud to be serving agriculture across Oklahoma
and around the world since 1893. Service was the
foundation upon which W. B. Johnston established
the company. And through five generations of the
Johnston family, that enduring service has
maintained the growth and stability of Oklahoma's
largest and oldest independent grain and seed
dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
We
are pleased to have American Farmers
& Ranchers Mutual Insurance
Company as a regular sponsor of our
daily update. On both the state and national
levels, full-time staff members serve as a
"watchdog" for family agriculture producers,
mutual insurance company members and life company
members. Click here to go to their AFR
website to learn more about their efforts
to serve rural
America!
|
Number
of U.S. Cattle on Feed Drops Six
Percent
The
number of cattle on feed across the U.S. came in
close to expectations in the latest Cattle on Feed
Report released Friday.
Cattle
and calves on feed for slaughter in the United
States totaled 11.1 million head in feedlots with
a capacity of 1,000 or more head as of February 1,
2013. That's 94 percent of the inventory on
hand one year ago.
Placements
in feedlots during January totaled 1.88 million,
which is two percent above 2012. Net placements
were 1.80 million head. During January, placements
of cattle and calves weighing less than 600 pounds
were 445,000; 600-699 pounds were 395,000; 700-799
pounds were 535,000, and 800 pounds and greater
were 501,000.
Marketings of fed cattle
during January totaled 1.92 million, 6 percent
above 2012.
Tom
Leffler of Leffler Commodities said the
report is neutral to bearish. Click here to listen to his
report and to find a link to the full Cattle on
Feed Report.
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Water,
Runaway EPA Two Big Issues on OFB's Priority List,
John Collison Says
Several
issues of paramount importance to Oklahoma farmers
and ranchers were discussed at the recent Oklahoma
Farm Bureau Leadership Conference. Those
discussions were the culmination of earlier
meetings of OFB members all across the state to
determine policy initiatives and priorities for
the coming year.
John
Collison, vice president of public policy
and media affairs with Oklahoma Farm Bureau spoke
with me about the top issues OFB will be tackling
on the state and national levels. As you can
imagine, the farm bill is high on the list, but so
are the EPA and water
resources.
"EPA can hurt us or help
us," Collison said. "They usually hurt us
more than the agriculture bills can sometimes...
We need to make sure that we get an EPA
administrator in there that understands rural
Oklahoma, that understands farm dust, that
understands how we work and how we live because a
lot of these regulations that come out of
Washington, D.C., don't seem to always take our
farmers in to play. "
Looking at
state issues, Collison said, there are a number of
issues on the horizon, but none so important as
water.
"You
saw the drawdown of Canton Lake by Oklahoma City
and that's fine. They own the water. It was their
water to do it. But you saw that it almost became
a rural-versus-urban issue. In the Daily
Oklahoman, in the newspapers and the stories that
were written out there, it became a
rural-versus-urban issue. We have to focus on that
fight sometimes. Not only do we have to focus on
the fights from the municipalities in Oklahoma or
other entities, but we've got Texas taking us to
the Supreme Court to fight for our water rights.
It's Texas versus Oklahoma. This is the issue that
will take us into the future."
Click here to read more and to
listen to my conversation with John
Collison.
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Many
Complicated Factors Holding Down Wheat Prices, US
Wheat Associates Analyst
Says
Casey
Chumrau, a market analyst with US Wheat
Associates writes in their latest Wheat
Letter:
The downward trend in wheat
futures the last three months has been a bit of a
puzzle to a lot of buyers and sellers. While the
wheat market fundamentals appear mostly bullish,
wheat futures have fallen 20 percent on average
since Nov. 8, 2012. Declining world production
estimates and crop damaging weather have not
supported the markets and the slide stands as a
reminder that complicated dynamics are driving
today's wheat market.
"The biggest reason
for the drop in wheat futures," said Mike
Krueger of The Money Farm, "has been an
exodus of speculative money from the markets in
late November and early December due to concerns
about the approaching fiscal cliff in the United
States."
Krueger
said uncertainty created by the U.S. government's
budget battles overwhelmed any bullish wheat news
at the time. Investors and investment funds
looking for new opportunities pulled money out of
commodities into the stock market, for example,
which has performed extremely well the last few
months. That erased the incentive to stay in or
return to declining commodity markets.
Click here to read more.
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New
USGS Report Updates Decline of High Plains Aquifer
Groundwater Levels
The
U.S. Geological Survey has released a new report
detailing changes of groundwater levels in the
High Plains Aquifer. The report presents
water-level change data in the aquifer in two
separate periods: from 1950-the time prior to
significant groundwater irrigation development-to
2011, and 2009 to 2011.
In 2011, the total
water stored in the aquifer was about 2.96 billion
acre-feet, an overall decline of about 246 million
acre-feet (or 8 percent) since pre-development.
Change in water in storage from 2009 to 2011 was
an overall decline of 2.8 million acre-feet. The
overall average water-level decline in the aquifer
was 14.2 feet from pre-development to 2011, and
0.1 foot from 2009 to 2011.
The study used
water-level measurements from 3,322 wells for
pre-development to 2011 and 7,376 wells for 2009
to 2011.
You
can read more of this story as well as find a link
to the full report by clicking here.
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Rainfall-Snowfall
Gave Most of State an Inch of Moisture Last Week-
More Arriving Now
Oklahoma-
at least most of the state- got a really nice
soaking over this past week from the combination
of snow, ice and rain that fell across the state.
Only the western half of the Panhandle and the far
northeastern corner of Oklahoma got less than the
one inch plus that most Mesonet stations
received.
We
have the snapshot of the graphic that captures
what we ended up with last week after most of last
week's snow had melted-ahead of this vigorous snow
storm/blizzard as we finish writing our email on
this Monday morning. Click here for the graphic of
last week's rainfall and a News9 prediction of
snowfall totals.
As
of 4:15 AM- Rainfall from this system
thus far is already piling up- Weatherford has
recorded 1.38 inches of rain- Cherokee with 1.25,
Hobart with 1.22 and Seiling with 1.20 inches of
rain. Our friend and colleague Jed
Castles with News9 is calling this a big
and dangerous storm- it may be one for the record
books- be careful if you are in the blizzard area-
and if you have not yet finished getting livestock
into a sheltered situation- you may want to do
that as early as you can if you are in the
northwestern quadrant of the state.
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Agriculture
Secretary Tom Vilsack to Deliver Keynote Address
at Commodity Classic
For
the fourth straight year, farmers and attendees at
Commodity Classic will have the opportunity to
welcome U.S. Secretary of Agriculture Tom
Vilsack to the annual convention and
trade show for corn, soybean, wheat and sorghum
growers. The secretary will deliver a keynote
address to an expected crowd of more than 6,000
during the event's General Session, to be held
March 1 in Kissimmee, Fla.
I
will be on the scene with coverage from the
Commodity Classic all week long- assuming we can
get out of OKC with the snowstorm that is bearing
down on us.
Pam
Johnson, National Corn Growers President,
said, "Secretary Vilsack has been a steadfast
supporter of agriculture, and it is an honor to
welcome him once again to Commodity Classic as he
begins his second term. Agriculture will be
facing many important topics over the next year
including a new farm bill, expanded trade and the
federal budget. We look forward to hearing the
secretary's remarks on these and other
issues."
"As we gather in Florida next week
to explore ways to optimize farmers'
sustainability, profitability and impact in the
larger American marketplace, we are excited to
hear the secretary's thoughts on how our farmers
can better convey our relevancy to their urban and
suburban counterparts," said American Soybean
Association President Danny
Murphy. "Secretary Vilsack has been a
wonderful voice for farmers, and we're proud to
have him again at this year's
Classic."
Click here to read more about
this year's Classic.
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We
also invite you to check out our website at the
link below to check out an archive of these daily
emails, audio reports and top farm news story
links from around the globe.
Click here to check out
WWW.OklahomaFarmReport.Com
God Bless!
You can reach us at the following:
phone: 405-473-6144
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