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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 $11.70 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, June 14,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
House
Ag Committee Chair Frank Lucas Says Whip Count is
Crucial to Proceeding with House Debate of Farm
Bill Next Week
The
Chairman of the House Ag Committee, Oklahoma
Congressman Frank Lucas, talked
with me about the latest farm bill
developments yesterday. Chairman Lucas says that a
lot of progress has been made in the last couple
of days, and he is very pleased that the Speaker
of the US House, Republican John Boehner of Ohio,
has publically stated his support for the 2013
Farm Bill as passed by the House Ag Committee last
month.
"I've got concerns about the farm
bill, as I told our members," Boehner said after a
closed House Republican Conference meeting. "But
doing nothing means that we get no changes in the
farm program, no changes in the nutrition program.
And as a result, I'm going to vote for the farm
bill to make sure that the good work of the
Agriculture Committee and whatever the floor might
do to improve this bill gets to a conference so
that we can get the kind of changes that people
want in our nutrition programs and our farm
programs."
Lucas said he expects the
farm bill to come up on the House floor next week,
assuming that the whip count shows that they are
close to the 218 votes needed for final passage.
He expressed his hope that by Monday the Rules
Committee would put out a call for amendments -
which he expects hundreds of. Lucas says he has
had conversations with the Chairman of the House
Rules Committee and that he is expecting the Rules
Committee will sort through the amendments,
realize redundancy isn't a good use of time and
limit the number of amendments on each subject.
The Lucas definition of an "open discussion" on
the floor of the House is not for every one of two
or three hundred amendments to be heard and
possibly voted on- but for all major points of
view to have their concerns aired and voted on.
This would result in each of the major areas of
the bill to be open for consideration in an open
but orderly process and the Chairman believes the
House will end up voting on 30 to 40 amendments
covering every title- including food stamps,
sugar, dairy, conservation and crop
insurance.
Click here to read more or to
listen to our full conversation.
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Sponsor
Spotlight
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Farm Shows is our longest running
sponsor of the daily farm and ranch email- and
they want to thank everyone for supporting and
attending the recently-completed Southern
Plains Farm Show in Oklahoma
City. The attention now turns to the
Tulsa Farm Show. The
dates are December 12-14,
2013. Click here for the Tulsa Farm Show
website for more details about this
tremendous farm show at Tulsa's Expo
Center.
It is
great to have as a regular sponsor on our daily
email Johnston
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agriculture across Oklahoma and around the world
since 1893. Service was the foundation upon which
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their seed and grain
businesses.
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Congressman
Mullin, State Lawmakers and Farm
Bureau All Applaud Supreme Court Water
Decision
Congressman
Markwayne Mullin (OK-2) applauded
the U.S. Supreme Court's unanimous decision today
siding with Oklahoma's water laws.
"This is
great news for Oklahoma's water rights," said
Mullin. "Oklahoma's water should be kept in
Oklahoma for our economic development,
agricultural uses and recreation. Given the
drought we have experienced, we must protect our
water supply."
The Supreme Court's decision
today upholds lower court rulings in favor of
Oklahoma's right to protect the state's natural
resources.
The Tarrant Regional Water
District, which serves 11 counties in fast-growing
north-central Texas, unsuccessfully tried buying
water from Oklahoma and others and then sought a
water resource permit from the Oklahoma Water
Resources Board (OWRB) to take water from
Oklahoma. When the request was denied due to
Oklahoma state laws, the district sued based on
its interpretation of the Red River
Compact.
Other Oklahoma state
legislators issued statements of their
approval of today's Supreme Court decision
including Senate President Pro Tem Brian
Bingman, and State Senator Kyle
Loveless.
Oklahoma
Farm Bureau President Mike
Spradling also weighed in on the issue
saying, "We've always believed Oklahoma has the
sovereign power to the state's water
resources."
Click here for more and to find a
link to the Supreme Court ruling.
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After
Weather-Delayed Start, Wheat Harvest Proceeds at a
Rapid Clip, Schulte Says
The
USDA estimates that eight percent of the state's
wheat crop had been cut as of Sunday. Mike
Schulte, executive director of the
Oklahoma Wheat Commission, says harvest crews are
making rapid progress and the pace should continue
if the weather continues to cooperate. He spoke
with me about how harvest is looking after getting
off to a late and slow start. (Schulte will also
appear on this week's "In the Field" segment on
News 9 at about 6:40 a.m. Saturday.)
"The
storms kind of slowed us down last week and things
just weren't quite ready. It was taking a little
longer for producers to get back in the field than
they would have liked. No doubt they were glad to
receive the moisture, but I'm thinking right now
they're just wanting to take this opportunity,
hoping that Mother Nature will cooperate with them
for the next seven or eight days and maybe we can
get a lot of this wheat cut out in all areas of
the state."
Schulte says 60 to 70 percent
of the crop has been harvested in the southwest
part of the state with the custom cutters moving
on to the south central parts of the state from
Hydro to Okarche to south of Enid.
You
can read Mike's detailed harvest progress report
or listen to our interview by clicking here. Mike's coverage of
the 2013 wheat harvest is part of our
WheatWatch2013 series of reports sponsored by the
Oklahoma Wheat Commission- working hard for
the Oklahoma wheat producer- click here for the OWC website to
learn more about their mission to serve the
Oklahoma wheat farmer.
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High
Wheat Prices at Harvest Call for Modified
Marketing Strategy, Kim Anderson Says
Wheat
prices of the Kansas City Board of Trade continue
their downward slide, but are, for the moment,
holding about the $7.11 support level, says
Oklahoma State University Grain Marketing
Specialist Kim Anderson. He says
we have a long way to go to reaching the five year
average price at harvest of $6.40 a bushel, but we
could reach it. Part of the reason for the
declining prices, he says, is the rebound that has
occurred in some fields due to almost-ideal
weather conditions in late spring.
"I'm
talking to farmers and producers that say some of
them may have record yields this year. Some of the
wheat looks a lot better than we expected it to a
couple of months ago."
According to the
latest WASDE report released Wednesday, U.S. total
wheat production is expected to be below the
five-year average while world wheat production is
projected to be above that average. U.S. ending
stocks are projected to be almost 25 percent lower
than the five year average and, Anderson says,
that would tend to indicate higher prices for
wheat. But, he says, he thinks the USDA may be
underestimating total world production which would
tend to make the U.S. ending stocks number too
low.
Anderson says if prices stay above
$7-$7.25 as harvest progresses, producers might
want to consider selling a higher percentage of
their crop now. He said producers that normally
follow the strategy of "a third, a third, and a
third," might want to sell about 50 percent at
harvest and then 25 percent in September-October
and the final 25 percent in November-December.
Click here to listen to Kim
Anderson's analysis and to see the lineup for this
weekend's SUNUP show.
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Inhofe
Leads Bipartisan Letter Requesting Six-Month
Delay, Amendment to Lesser Prairie Chicken
Decision
U.S.
Sen. Jim Inhofe (R-Okla.), senior
member of Senate Environment and Public Works
Committee (EPW), today sent a letter to Dan Ashe,
Director of the Fish and Wildlife Service (FWS),
requesting a six-month delay of the listing of the
lesser prairie chicken (LPC).
The
letter also requests Ashe to consider amending the
settlement agreement governing the LPC listing
decision so that a final listing decision is not
required until June 11, 2014. This additional ten
weeks would provide the maximum amount of time to
consider the listing decision allowed under
federal law, enabling the states to demonstrate
the effectiveness of their range-wide conservation
plan.
Inhofe
led the letter with Senator Tom Udall (D-NM), and
all ten Senators from the five states that would
be affected by a listing, including Sens. John
Cornyn (R-Texas), Ted Cruz (R-Texas), Martin
Heinrich (D-N.M.), Mark Udall (D-Colo.), Michael
Bennet (D-Colo.), Pat Roberts (R-Kan.), Jerry
Moran (R-Kan.), and Tom Coburn
(R-Okla.). This is the first bipartisan letter
addressing the lesser prairie chicken.
You
can read the full letter by clicking here.
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RFA-Commissioned
Analysis: No Direct Correlation Between the
Renewable Fuel Standard and Rising Food
PricesPricing
ABF
Economics released a detailed analysis
commissioned by the Renewable Fuels Association
showing no direct correlation between the
Renewable Fuel Standard (RFS) and the overall
increase in food prices.
The study
specifically examined "the relationship between
the RFS and recent changes in consumer food
prices. Specifically this includes an examination
of the relationship between corn prices and
consumer food prices, the factors that affect corn
prices, the role of the major industry
participants in determining consumer food costs,
and the relative importance of components such as
agricultural commodities and energy on consumer
food prices."
Bob Dinneen,
President and CEO of the Renewable Fuels
Association, weighed in, "Today's ABF Economics
analysis provides definitive evidence that ethanol
and the RFS are not driving food prices. That
canard has been nothing but a distraction
propagated by those wanting to continue profiting
from government subsidized grain and those seeking
to keep us ever dependent on petroleum. This
report should end the food vs. fuel debate for
good."
Click here to read more and to
find a link to the full study.
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This
N That- Coburn's Reasons for Voting No on Senate
Farm Bill, PGI Calls Oklahoma Wheat Harvest 15%
Done and Michael Peters Newest Member of OWC
Some
of you have asked- so we have asked- why did the
two Senators from Oklahoma vote NO on the final
passage of the 2013 Farm Bill approved by teh US
Senate? We have emailed both of the
Senators- have not heard back from Senator Inhofe
as of yet- but have heard from Senator Tom
Coburn. Here's the brief statement we have
received from Senator Coburn's staff on why his
vote was NO. "Regarding his vote on the farm
bill, Dr. Coburn offered 13
amendments which aimed to reduce wasteful
spending and duplication, prevent exploitation of
farm subsidy programs, and reform the Supplemental
Nutrition Assistance Program which accounts for
80% of the bill's cost. Only one was considered, and Dr.
Coburn's other attempts to call
up amendments were blocked because Senate
leadership will not allow its members to take
tough votes. This, combined with the bill's
cost, led to his vote against final
passage."
We'll
share Senator Inhofe's comments once we receive
something from his office.
By
the way- there was little support for the Senate's
farm bill in our region- both Texas Senators
voted no while Kansas Senator Jerry Moran voted
aye while former House Ag Committee Chairman Pat
Roberts voted no- Roberts saying the bill has
agriculture looking too much in the rear view
mirror.
**********
Plains
Grains released their latest harvest update late
last night- it shows Oklahoma has now harvested
15% of this year's crop and is moving fast- while
the Kansas harvest has just begun. Click here for the complete
report from Plains Grains, Inc.
**********
We
alsio got word late Thursday evening that the
newest member of the Oklahoma Wheat Commission has
been named by Governor Mary
Fallin- Michael Peters
of Canadian County is the new Commissioner for
District Three- click here for details about the
appointment and a quick introduction to
Michael. Under the category that it is
a small world- this past weekend- we
were helping pick up debris in the wheat field of
his dad- Freddie Peters- as we
worked with Levi Clifton and the
Field of TEAMS
effort.
Speaking
of Field of TEAMS- if you can help- they are still
picking up debris- give her a call to see what you
can do this weekend. Here number is
405-301-1626.
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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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