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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
$10.47 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
Tuesday, July 23,
2013 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
USDA
Announces Results for 45th Conservation Reserve
Program General
Sign-Up
Agriculture
Secretary Tom Vilsack today
announced that the U.S. Department of Agriculture
(USDA) will accept 1.7 million acres offered under
the 45th Conservation Reserve Program (CRP)
general sign-up. The Department received nearly
28,000 offers on more than 1.9 million acres of
land, demonstrating CRP's continuing appeal as one
of our nation's most successful voluntary programs
for soil, water, and wildlife conservation. Under
Vilsack's leadership, USDA has enrolled nearly 12
million acres in new CRP contracts since 2009.
Currently, there are more than 26.9 million acres
enrolled on 700,000
contracts.
Francie Tolle,
executive director for the Oklahoma Farm Service
Agency (FSA), said 55,867 of those acres were
accepted in Oklahoma. Oklahoma FSA received 567
offers on more than 59,000 acres of land,
demonstrating CRP's continuing appeal as one of
the nation's most successful voluntary programs
for soil, water, and wildlife conservation. Since
2009, USDA has enrolled nearly 12 million acres in
new CRP. Currently, there are more than 26.9
million acres enrolled on 700,000 contracts
nationwide.
"For 27 years, lands in CRP
have helped to conserve our nation's resources by
protecting water quality, reducing erosion and
creating habitat for a diverse mix of wildlife,"
said Tolle. "Oklahoma farmers and ranchers
continue to recognize the importance of protecting
our most environmentally sensitive land by
enrolling in CRP. This program is critically
important to preserving the land in rural Oklahoma
for future generations."
CRP is a voluntary
program that allows eligible landowners to receive
annual rental payments and cost-share assistance
to establish long-term, resource-conserving covers
on eligible farmland throughout the duration of
their 10 to 15 year contracts.
You
can read more of this story as well as find a link
to the state-by-state CRP acreage breakdown by clicking here.
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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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Row
Crop Progress Lagging, but Condition Remains
High
The
USDA's latest Crop Progress and Condition report
shows this year's corn crop is lagging behind last
year with 43 percent in the silk stage versus 84
percent last year. The USDA says 63 percent
of the crop is in good to excellent condition
while only 11 percent is rated as poor to very
poor.
For
soybeans, nationwide, the crop is rated as 64
percent good-to-excellent, 28 percent fair, and 8
percent very poor or poor. (Click here for the national crop
progress report.)
In
Oklahoma, recent rains have benefited the row
crops, but they are still behind the five-year
averages. Conditions for corn were
rated mostly good and the condition of sorghum,
soybeans and peanuts were rated mostly good to
fair. Cotton conditions were rated mostly fair,
but had improved from the previous week.
(You can find the full Oklahoma crop weather
report by clicking here.)
In
Kansas, spotty showers were welcomed across
much of the State, but they were too little to
improve the drought conditions, as dryland row
crops and pastures continue to suffer. Failed
dryland corn and sorghum crops are being reported
in areas eluded by rains, and where hail or wind
damage has occurred. Corn silking was 56
percent, behind 81 last year and a 74-percent
average. (Click here to read the Kansas
report.)
Corn
and sorghum harvest activities in East Texas,
South Central, South Texas, and the Upper Coast
slowed due to rainfall. Irrigated cotton in the
High Plains benefitted from significant rains, and
some producers were able to limit irrigation for a
few days. Row crops were progressing very near
their five-year averages. (Click here for the full Texas
report.)
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Demographic
Changes Impact Cattle on Feed Report
Interpretation
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow-Calf Newsletter:
The
stocks and flows of feedlot cattle that make up
the cattle on feed report have a relatively
straightforward interpretation when the underlying
mix of cattle (sex, weight and age distribution)
is relatively constant, at least on a seasonal
basis. For several months, changes in these animal
demographics have made it much harder to interpret
the cattle on feed report and anticipate the
implications for future feedlot marketings and
cattle slaughter.
The most recent USDA
Cattle on Feed report indicated that the feedlot
inventory was 10.37 million head, down 3.2 percent
from one year ago. This makes eleven consecutive
months of year over year decreases in feedlot
inventory. Feedlot inventories have been augmented
by drought enhanced cattle movement since 2011 and
the current inventory is the smallest for July
since 2010. The current inventory is down less on
a year over year basis than it was earlier (the
March 1 inventory was down 7 percent year over
year) because of relatively large placements in
the spring. March and April placements were up
compared to the prior year and May was down only
slightly.
Click here to read the full
analysis from Derrell Peel.
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NWS
Calls for Redeveloping Drought Across
Oklahoma
The
latest Southern Plains Drought Outlook Summary
from the National Weather Service forecasts
drought conditions will persist and redevelop
across Oklahoma through October. The forecast also
calls for improving conditions across New Mexico
and far west Texas.
The National Weather
Service is calling for equal chances of above
normal, normal, or below normal precipitation
across all three states.
The temperature
outlook through October indicates above-normal
temperatures throughout the Southern Plains. This
will lead to increased evaporation of any rain
that does fall, further exacerbating surface
reservoir water levels.
Click here to see the Drought
Outlook Summary map.
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Economics
of Canola Mean Bigger Slices of a Bigger Pie for
Everybody, Jones Says
The
economics of winter canola production are looking
really good across the Southern Plains, according
to Dr. Rodney Jones. He was
recently named the Oklahoma Farm Credit Endowed
Professor of Agrifinance at Oklahoma State
University. I spoke with him at
the recent winter canola workshop in
Enid.
He said that producers have learned a
lot over the last eight to ten years as they have
worked to get canola introduced in the
state.
"We have learned over the last eight
years that the economics of this crop in a
rotation, in a wheat-canola rotation or even a
more intensive crop rotation, canola in our crop
rotation in this part of Oklahoma works very well
from an economic standpoint. We've seen time after
time after where folks have been able to harvest
yields that are comparable on a bushel-per-acre
basis to wheat. Just take 2013 for example, we're
selling canola for $12 a bushel and some of them
are selling wheat for $7 a bushel."
Jones
said although the operating costs may be from $40
to $60 per acre higher than wheat, the rewards in
terms of higher per-bushel prices and the value of
the rotation impact make the economic returns very
attractive.
You can read more by clicking here.
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Basic
Prescribed Fire Training Now Offered
Online
Learning
how to safely conduct a prescribed burn can now be
done from the comfy confines of one's living room.
Oklahoma State University Cooperative
Extension recently made available a
free-to-the-public online course. Basic Prescribed
Fire Training is the first of its kind for
landowners and agency personnel to learn the
fundamentals of prescribed burning online.
"The course is set up to walk people
through the process of conducting a prescribed
burn, as well as the effects of fire on various
plant communities," said John
Weir, research associate in OSU's
Department of Natural Resource Ecology and
Management.
The course is designed for
both the novice as well as people who have had
years of experience conducting burns, and is not
strictly for Oklahomans, rather it is applicable
regionally and nationally.
"Everyone can
learn something from participating in the course,"
Weir said.
For more information, click here.
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Smithfield
Sale Continues to Generate Angst
The
pending sale of Smithfield to Shaunghui has caused
a lot of heartburn among lawmakers, some consumer
groups and some agricultural groups- one of those
groups is the National Farmers Union.
Their
President, Roger Johnson, has
stated his organization's opposition to the
proposed acquisition of Smithfield Foods by
Shuanghui International in a letter to Treasury
Secretary Jack Lew. Lew is
Chairman of the Committee on Foreign Investment in
the United States. Johnson says the proposed
buyout is extremely alarming to NFU members across
the country. He is urging the committee to set a
bold precedent - that the administration values
our farms, our food and our rural economies so
much that the federal government will stand up to
a takeover of a large swath of our agriculture
industry.
According
to NFU - if the sale is permitted to move forward
- Shuanghui would take control of a very large
portion of the U.S. pork industry. Johnson says
the costs of the acquisition far outweigh the
benefits to Americans. He adds that the security
of the domestic food system is threatened by
foreign control.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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