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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 Presented by 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.
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
$12.50 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 Jim Apel and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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, May 24,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Senate
Adopts Durbin-Coburn Amendment Reducing Crop
Insurance Subsidies to Largest
Farms
Assistant
Senate Majority Leader Dick
Durbin (D-IL) and Senator Tom
Coburn, M.D. (R-OK) successfully
persuaded the Senate yesterday to adopt the
Durbin-Coburn amendment to the Senate's version of
the farm bill. The measure passed by a vote
of 59-33. This amendment reduces the level
of federal premium support for crop insurance
participants with an Adjusted Gross Income (AGI)
over $750,000 by 15 percentage points for all
buy-up policies beyond catastrophic
coverage. The amendment is projected to save
$1 billion dollars over ten years.
A
statement released jointly by Durbin and Coburn
said: "Four percent of the most profitable
farmers in America account for nearly 33 percent
of all the premium support from the federal
government. All we are asking with today's
amendment is for the wealthiest of farmers - those
most able to cover more of their own risk - to
help us balance out that inequality. By
reducing this unbalanced subsidy for only the top
one percent of farmers in America, we can save a
billion dollars without putting anyone at
risk. Today's bipartisan vote shows the
Senate is capable of reaching across the aisle to
tackle the debt with common sense reforms." (Click here to read
more.)
We
also have an audio summary of the debate- plus the
full video of the dance between Stabenow, Durbin
and Coburn- click here to listen and
look.
We
also some additional reaction- that is in our
second story in today's email- but we do remind
you that this was the last vote on the Senate
floor regarding the Farm Bill before the Memorial
Day Holiday- they will start back and soldier on
thru more amendments on June third.
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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 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!
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The
Pros and Cons of the Coburn-Durbin Amendment
Promoted- EWG and Ag Coalition Farm Policy Facts
Weigh In
The
Environmental Working Group
praised the passage of the Coburn-Durbin amendment
we talked about in story one, seeing it as a
precursor to further cuts in crop insurance
subsidies in the future. "While the
Coburn-Durbin amendment will only reduce subsidies
for the largest farms, the amendment sets the
stage for more reforms when Congress
returns from its upcoming recess. In
particular, the Senate will have the chance to
consider an amendment to cap
premiums at $50,000 per farmer - the same limits
the Senate farm bill applies to other subsidy
programs. Other amendments would end windfall profits
and improve transparency." (You can read
more for EWG by clicking here.)
Farm
Policy Facts released an analysis before
the vote was taken, claiming the amendment would
result in "a 15 percentage point reduction
on the premium discount, which would result in
huge increases in the real cost of farmer
premiums. For example, for those farmers who
purchase 75 percent coverage, premiums would rise
by 37 percent. And the lower the level of coverage
purchased by farmers (meaning the higher the
deductible the farmer must pay) the higher the
increase on the percent of their premiums they
have to pay. For example, a farmer who purchases
50 percent coverage will see a 45 percent increase
in the premiums he or she pays." (You'll
find more from Farm Policy Facts by clicking here.)
By
the way- Farm Policy Facts is a coalition of farm
and rural groups that are supportive of getting a
new five year farm bill- click here to see their website
and understand who they are.
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NCBA,
R-CALF Not on Same Page on Revised COOL
Rule
The
USDA's release of its final rule on country of
origin labeling (COOL) has provoked
wildly-divergent reactions from groups
representing the cattle industry. The rule
was released Thursday, the deadline the World
Trade Organization (WTO) imposed on the United
States to modify COOL. The new rule requires
labels to indicate where the cattle were born,
raised, and slaughtered.
National
Cattlemen's Beef Association President
Scott George, a Wyoming dairy and
cattle producer, immediately blasted the rule.
"We
are deeply disappointed with this short-sighted
action by the USDA. Our largest trading partners
have already said that these provisions will not
bring the United States into compliance with our
WTO obligations and will result in increased
discrimination against imported products and in
turn retaliatory tariffs or other authorized trade
sanctions. As we said in comments submitted to
USDA, 'any retaliation against U.S. beef would be
devastating for our producers.' While trying to
make an untenable mandate fit with our
international trade obligations, USDA chose to set
up U.S. cattle producers for financial losses.
Moreover, this rule will place a greater
record-keeping burden on producers, feeders and
processors through the born, raised and harvested
label." (You can read more from the NCBA by
clicking here.)
R-CALF
USA's response was wildly supportive of the
rule.
"USDA's
final rule is right on the mark," said R-CALF USA
COOL Committee Chair Mike Schultz
adding, "We are pleased that USDA did not weaken
COOL in response to the WTO's attack on our
domestic food labeling program."
R-CALF
President Bill Bullard said,
"Without COOL it is the meatpacker and not the
consumer that decides from what country cattle
will be sourced to satisfy consumer demand for
beef. Only with COOL can consumers trigger a
demand signal for cattle sourced from U.S. farmers
and ranchers, which they can do simply by
consistently choosing to purchase a USA product."
(Click here to read more from
R-CALF.)
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Rains
Bring Drought Relief to More of Oklahoma While
Still Neglecting Driest
Areas
This
week's Drought Monitor map shows drought marching
on in some parts of the state, even as it marches
right off the map in others, says Associate State
Climatologist Gary McManus. The
current rain shows up as a streak from the
northwest to southeast, exceeding more than three
inches in some localized areas. Flooding hampered
recovery efforts in Moore and south Oklahoma City,
prompting flood warnings. The amount of rain this
week alone is enough to produce changes in both
this week's map and also next
week's. Unfortunately, McManus
says, there are not nearly enough of those 2-6
inch amounts across western through north central
Oklahoma.
Much of eastern Oklahoma is now
completely free of drought. At the same time,
extreme and exceptional drought increased across
western parts of the state. So,
oddly enough, the state's area completely out of
drought rose from 17% to 25%, but the area of
exceptional drought rose from 10% to 11%. The area
with extreme-exceptional drought fell from 33% to
27%. McManus says the short and
sweet explanation is there has been too much rain
across central and eastern Oklahoma, and not
nearly enough across western Oklahoma and the
Panhandle.
There is good news on the
horizon, however. McManus says forecasters are now
predicting increasing chances for rain in the
western part of the state.
To
see the latest maps, please click here.
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Wheat
Producers Should Keep an Eye on Foreign Production
Numbers, Kim Anderson Says
In
his weekly analysis of grain markets for the SUNUP
program, OSU Grain Marketing Specialist
Kim Anderson says the
just-released foreign wheat production numbers
bear some watching by producers here in the U.S.
Estimates for production in the European Union and
in the former Soviet Union have been raised,
causing concerns in this country.
"Since
they will compete with us this next marketing
year, I think we've got to watch the foreign wheat
production in that the USDA is predicting a record
wheat crop for the world and they're not
predicting a record for consumption, so I think
we'll see some building of stocks on the world
market this year."
He said corn planting
had been running way behind schedule, but
producers planted a record 42 million acres last
week. "Producers have just worked miracles if they
can get that in. Of course, corn prices have
backed off a little bit after that report came out
and that bleeds over into the wheat
market."
Click here to listen to more from
Kim Anderson and to see the full lineup for this
weekend's SUNUP.
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Animal
Agriculture Alliance Deploys Emergency Vet Medical
Services to Oklahoma
Shortly
after the devastating tornado hit Moore, Oklahoma,
Dr. Rod Hall, state veterinarian
for Oklahoma, extended a formal invitation to
American Humane Association's (AHA) Red Star
Animal Emergency Services to officially deploy to
the disaster in
Moore.
The tornado,
reported to be EF-5 strength and two miles wide,
touched down in the Oklahoma City area on Monday
killing at least 24 people.
"Our hearts and
prayers go out to the people in Oklahoma as they
begin recover and rebuild. Just as people are
adversely affected by a natural disaster, so are
our animals--both those we keep as pets and those
on our farms and ranches," said Animal Agriculture
Alliance President and CEO Kay Johnson Smith. "The
Alliance is encouraging its members to donate to
worthy causes which will be on the ground in
Oklahoma helping in this devastating storm's
aftermath."
AHA's Red Star Animal Emergency
Services in Oklahoma will include two large "Big
Rig" rescue vehicles which serve as mobile
veterinary hospitals and triage centers for
animals and also transport crates and medical
supplies. The "Rigs" also provide lodging for
AHA's staff and first responders.
You
can read more of this story by clicking here.
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This
N That- Memorial Day Cometh, Roy Lee In the Field
and Mike Schulte in the Panhandle
Memorial
Day weekend has arrived- and its a bittersweet
holiday weekend for Oklahoma- after the tragedy in
the Newcastle-Moore area on Monday- and in
Shawnee-Carney on Sunday- a lot of folks are more
concerned about surviving rather than kicking back
and enjoying a three day holiday. Funerals
are being help for the victims of the tornados-
President Obama raises the national awarenesss of
the tornados on Sunday with a visit to the Moore
area and lots and lots of help continues to pour
into the area.
For
those of you that have given goods, money or in
some cases, your time, thank you for caring-
more help will always be appreciated as lots of
folks have a lot of rebuilding of their lives in
the days ahead. As we hear about needs and
opportunities to serve- we will pass those along
to you.
In
the meantime- please stop for a moment and
remember that our freedom in this country has
relied upon those who have served- many of whom
gave their lives in that service to protect
America and freedom here at home and abroad.
As I walked around the World War II Memorial in
Washington a couple of weeks ago- I was reminded
of the service my Dad gave in the Pacific- he came
home upright while others he served with did not-
and I am thankful for their service and
sacrifice. We each have our own story along
these lines- contemplate on that this weekend and
especially Monday as our country celebrates
Memorial Day. Even though we often don't
deserve it- May God Continue to Bless America.
**********
Our
In the Field guest this Saturday morning on KWTV
News9 will be our friend Roy Lee
Lindsay of the Oklahoma Pork Council- as
we talk about how agriculture has responded and
helped in the recovery efforts after the outbreak
of tornados earlier this week- and we will also
talk about summer promotions of pork on behalf of
the Oklahoma pork farmers.
Our
In the Field segment is seen at about 6:40 AM on
Saturday mornings during the morning news segment
on News9- and we will have it posted on our
website later in the weekend.
***********
Finally-
we are hoping to have a phone interview with
Mike Schulte of the Oklahoma
Wheat Commission after lunch today- getting his
end of the week take on wheat crop conditions in
the Panhandle after two wheat plot tour meetings
are held today- and we will also be talking to
Mike about conditions all across the state- and
even harvest might begin. We will be posting
that later today on our website as part of our
WheatWatch2013 series of reports that are a
service of the Oklahoma Wheat Commission.
Be watching for that as we approach the holiday
weekend.
There
will be NO daily EMAIL on Monday- we will be back
on Tuesday after the three day holiday
weekend.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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