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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
$12.42 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
Thursday, June 6, 2013
D-Day- Thank
You World War II
Vets!!!! |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Cloture
Vote Set for Nine AM Central Time in Senate on
2013 Farm Bill
One hundred twenty farm, conversation and
agribusiness groups and organizations have sent a
letter to all Senators urging them to vote for
cloture on the farm bill- which is scheduled to
come up for a vote on the floor of the Senate
Thursday morning at 9 AM central time.
If
60 votes are cast in favor, it would drop the
number of pending amendments from more than 100 to
a handful, and will likely lead to a final vote on
Monday.
To read the short and sweet letter
sent by the coalition of groups (and to see the
full list of the groups that have signed the
letter)- click here.
Meanwhile-
there are groups pushing from the other side-
urging a no vote on the full bill. One such
group is Heritage Action- they are upset about the
amount of spending that is a part of the Ag
Committee plan. "Proponents of the bill
claim it will reduce the deficit by $23 billion
over the next ten years; however, total spending
represents a 56% increase in farm and food aid
since the last reauthorization in 2008."
Click here to jump to our
webstory to read more about their stance on the
2013 Farm Bill.
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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 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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April
exports of U.S. beef and pork edged higher than
the previous month but still lagged behind
year-ago levels, according to statistics released
by USDA and compiled by the U.S. Meat Export
Federation (USMEF).
While the overall
trend for exports remains sluggish, driven by
market access issues and oversupply of domestic
product in key markets, several leading trading
partners showed positive signs in April.
Beef exports to Japan were up sharply as
the island nation regained its ranking as
the No. 1 market for U.S. beef for the first time
since 2003. At the same time, Hong Kong
maintained its rapid growth pace and Taiwan
continued its rebound from beta agonist-related
issues that slowed exports last year.
While the boost in exports to Japan is
encouraging - up 49 percent in volume and 44
percent in value versus the first four months of
2012 - USMEF President and CEO Philip
Seng cautioned that Japan has a safeguard
in place that will increase tariffs if beef import
volumes rise too quickly. This safeguard, which
was utilized by Japan in 2003 under similar
circumstances, remains an important consideration
for U.S. exporters and Japanese
importers.
Click here to read
more.
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Ethanol
Groups Chafe at Being Left Out of Congressional
'Blend Wall Barrier'
Hearings
Ethanol
producers groups came out swinging yesterday after
the Turkey Federation offered testimony to the
House Committee on Oversight and Government
Reform, Subcommittee on Energy Policy, Health Care
and Entitlements. Both Growth Energy and the
Renewable Fuels Association, neither of which were
invited to testify, blasted the hearings as
one-sided.
Bob
Dinneen, President and CEO of the
Renewable Fuels Association, called the hearings
"nothing more than a smokescreen meant to distract
Americans from the real issues - our addiction to
petroleum, our dependence upon foreign oil, the
environmental damage from tar sands and fracking,
and, let's not forget, high gas prices. Big oil
created the blend wall barrier by refusing to
allow access to the market for E85 and resisting
with fear and misinformation the use of E15 for
those consumers that want to use it." (You
can read more of his comments by clicking here.)
Growth
Energy issued a statement reiterating their claim
that "time and again the ethanol industry has
definitively proven that only 17.5 percent of the
corn crop is used for ethanol production, not over
40 percent as the Turkey Federation claimed in
their testimony. Poultry groups conveniently
forget to take into account that when ethanol is
produced, only the starch, which makes up 1/3 of
the kernel, is used in the production of fuel; the
rest - including the oil, fiber and protein - is
returned to the food chain in the form of a
high-protein animal feed that is both less
expensive than corn and is more nutritious." (Click here for more of Growth
Energy's statement.)
Chad
Willis of the National Corn Growers
Association also weighed in on the hearings,
saying, "It was a disappointment to hear the
outcome of today's hearing on the RFS and blend
wall. During the summer months, when gas
prices are typically the highest, consumers could
have benefitted from a balanced discussion on the
future and positive impacts of the renewable fuel
industry. Unfortunately all we saw today were
mistruths and a one-sided agenda." (You can
read more from the NCBA by clicking here.)
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House
Ag Appropriations Committee Passes FY2014 Ag
Spending Measure
The
House Ag Appropriations Subcommittee marked up the
fiscal year 2014 agriculture spending bill on
Wednesday. The bill was released Tuesday. The
proposed legislation totals 19.5-billion dollars
in discretionary funding - 1.3-billion below the
fiscal year 2013 enacted level, approximately
equal to the current level caused by automatic
sequestration spending cuts and 516-million
dollars less than the President's request. The
bill does not provide the money the Commodity
Futures Trading Commission wants to implement the
Dodd-Frank financial reform law and rejects the
president's proposal to change the way food aid is
provided.
House Appropriations Chair
Hal Rogers of Kentucky, noting
the nation relies on American farmers and ranchers
to provide the food and products needed every day,
ys this bill will fund critical agricultural
programs to support farmers and ranchers, ensure
the safety and sustainability of our food and drug
supply and offer some needed help to families who
are facing the dangers of hunger. Rogers says it's
all accomplished while keeping a tight hold on
spending and trimming unnecessary funds to make
the most of every tax dollar. According to
Subcommittee Chair Robert
Aderholt - the funding in the bill will
help keep America's agricultural research
cutting-edge, maintain vibrant rural communities,
provide nutrition to those most vulnerable, and
keep our markets competitive while maintaining the
safest food and drug supply in the
world.
Click here to read the bill's
highlights.
The
measure passed by a voice vote- apparently on a
party line split- Republicans voting in favor and
Democrats offering opposition.
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Vilsack
Outlines Vision for Agricultural Solutions to
Environmental Challenges in Speech to the National
Press Club
Agriculture
Secretary Tom Vilsack today said
that the Federal government must increase
collaboration with producers, researchers and
industry to develop the next generation of
solutions that will help agriculture mitigate and
adapt to modern climate challenges.
"Our
farmers, ranchers and forest landowners are the
most innovative on earth, and they're up to the
task of meeting environmental challenges that lay
ahead," Vilsack said. "We know what we're seeing
on the ground - more intense weather events, and a
greater number of them. USDA will be there to
support the efforts of our farmers and ranchers to
adapt to these new challenges, just as we have
been for decades."
In
a speech to the National Press Club, Vilsack
stressed the need to work closely with farmers and
ranchers who stand "on the front line" of risk
adaptation - and he pledged that USDA will take
steps to help producers adapt to new threats. He
announced a number of new measures that USDA will
take to help producers create new climate
solutions.
Click here to read Vilsack's
remarks or to watch a video summary of his
plans.
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Natural
Resources Committee Holds Hearing on Lesser
Prairie Chicken
The
House Natural Resources Committee held a hearing
to determine the success of certain species
conservation, including that of the Lesser Prairie
Chicken. The hearing included discussion on the
differences between state and federal best
practices in the management of
species.
Congressman Markwayne
Mullin participated in the questioning
portion of the hearing, citing the invested
interest the state of Oklahoma already maintains
in preserving the species and our heritage. Tyler
Powell, Oklahoma Deputy Secretary of Environment,
testified before the committee, at which point
Congressman Mullin engaged him on what the state
is actually doing on its own accord, without
federal mandates.
"There isn't anyone who
wants to take care of land better than we do,"
said Mullin. "My children are the fourth
generation on the land that I grew up on. We want
our wildlife to be there, but we also want to have
a working partner in the process of conservation.
Every time we allow an agency to get involved, one
that doesn't have the personal connection to our
land, they throw commonsense out of the window.
These agencies start enforcing uniform mandates
that do not fit our state. One size does not fit
all. If states are permitted to do their due
diligence, and succeed at conservation, the
federal government should stay out of the
process."
You
can read more of this story by clicking here.
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Beef
Bits: Beef Board Budget, Reaction to Meatless
Monday and Beef Buzzing With Jim
Robb
National
checkoff leaders this week approved a Cattlemen's
Beef Board (CBB) budget of about $40.7 million for
Fiscal 2014, reflecting a 5.6 percent decrease
from the Fiscal 2013 amended budget, amid
continued tight supplies and an expected slowing
of cow slaughter. The budget is based on
projected beef checkoff assessment revenues of $39
million in the coming year, down slightly from
2013. In addition, it incorporates an estimated
$1.7 million in FY13 funds returned from programs
coming in under budget for the current year, plus
funds that the Operating Committee decided last
September to carry over from FY13 revenues to
counter the revenue decline expected in
FY14. You can catch all the details by clicking here.
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Proponents
of "Meatless Mondays" worked their wiles on the
San Diego, California, School Board this
week. The board voted 4-1 to serve meatless
meals to students from kindergarten through eighth
grade on Mondays. The Alliance for Animal
Agriculture called it for what it is: "a
carefully orchestrated campaign that seeks to
eliminate meat from Americans' meals seven days a
week - beginning with Mondays." Click here for more response from
the AAA.
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With
drought easing in some cattle producing areas,
ranchers are considering holding back more females
to rebuild the nation's cow herd.
Jim Robb of the Livestock Market
Information Center says cull cow prices which have
been depressed are starting to firm up on the
prospect and may start to climb as supplies get
tighter. Jim is my guest on the latest Beef
Buzz. Click here to listen.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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