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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- click
here for the report posted yesterday afternoon
around 3:30 PM.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Cash price for canola was
$8.74 per bushel- based on delivery to the Hillsdale
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 Leslie Smith 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
Presented
by
Your
Update from Ron Hays of RON
Tuesday,
July 15,
2014 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
National
Corn Crop Quality Remains High, Progress Surpasses
Average
Percentage
of corn acres having reached the silking stage
surpassed the five-year average last week,
according to a U.S. Department of
Agriculture report released
Monday. The report also indicates that
the overall condition remained strong with 76
percent of all corn acres rated in good or
excellent condition. This total showed a one point
gain from last week, with the increase
specifically placed in acres rated in excellent
condition.
"Obviously, corn farmers
are pleased to see such strong quality reports at
this point in the season," said NCGA
President Martin Barbre. "While our corn
shows promise in the fields, we are keenly aware
of the many challenges which might arise tomorrow.
America's farmers have excelled this year, using
the best and most sustainable practices and most
advanced tools to ensure a successful crop. Now,
we have to work just as diligently to maintain and
grow markets that will ensure our crop helps meet
our world's growing need for fuel, food and
fiber."
On July 13, 34 percent of all
corn acres had reached the silking stage,
surpassing the five-year average by one point. The
previous week silking trailed the average by three
percentage points. States in which silking
surpassed the five-year average, such as Missouri,
Kentucky and Illinois, made up for lagging
progress in states such as Ohio and Pennsylvania,
which trail the five-year average by 14 points
each.
The 2014 corn crop condition
estimate was increased by one point, indicating
quality far superior to that seen in the 2013 crop
at this point. With 76 percent of the crop in good
or excellent condition and only one percent of
corn in very poor condition, reports continue to
suggest a crop of quality superior to that of the
record-production seen the year prior. At this
point in 2013, only 66 percent of the total crop
was rated in good or excellent condition.
Click Here for State-By-State
Details
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Sponsor
Spotlight
Midwest
Farm Shows is our longest running
sponsor of the daily email- and they say thanks to
all of you who participated in this spring's 2014
Oklahoma City Farm Show.
Previously known as the Southern Plains Farm Show,
the name change now more clearly communicates the
show's location, and also signifies the plans for
a long term partnership with the community and
State Fair Park, a world-class event
site.
Up next will be the
Tulsa Farm Show December 11-13,
2014. Click here for the Tulsa Farm Show
website for more details about this tremendous
show at the River Spirit Expo Square in Tulsa. Now
is the ideal time to contact Ron
Bormaster at 507-437-7969 and book space
at the premier farm show in Green Country-the
Tulsa Farm Show.
Oklahoma
Farm Report is happy to have
CROPLAN® as a sponsor of the
daily email. CROPLAN® by WinField combines the
most advanced genetics on the market with
field-tested Answer Plot® results to provide
farmers with a localized seed recommendation based
on solid data. Eight WinField Answer Plot®
locations in Oklahoma give farmers localized data
so they can plant with confidence. Talk to one of
our regional agronomists to learn more about
canola genetics from CROPLAN®, or visit our website for more
information about CROPLAN® seed.
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Corn
Developing Ahead of Normal in Oklahoma, Texas and
Kansas
Oklahoma
row crops continued to be in good condition and
small grains harvest was virtually completed. All
row crop conditions were rated mostly good to
fair. Corn silking reached 56 percent complete by
Sunday and 17 percent had reached the dough stage,
five points behind normal. Conditions of pasture
and range were rated mostly good to fair and
topsoil and subsoil moisture conditions continued
to be rated mostly adequate to short.
Oklahoma
wheat harvest was 97 percent complete by Sunday,
just one point below the five-year average. Rye
harvest was 90 percent complete by week's end.
Ninety percent of oats were harvested by Sunday, 8
points behind normal. Second cutting of alfalfa
hay reached 80 percent complete, while a third
cutting was 12 percent complete. Alfalfa hay
continued to be rated mostly fair.
Click Here for the full Oklahoma
Crop Progress Report.
Hot
and dry conditions persisted throughout
Texas. The corn continued
to mature with silking 81 percent complete, three
points ahead of the five year average. Wheat
harvest is 99 percent complete with harvest
nearing completion in the Northern High Plains.
Sorghum harvest is 15 percent complete.
Peanuts continued pegging across the
Southern High Plains.
Texas
is experiencing a mix of pasture conditions with
green areas in parts of the Northern
Plains due to recent rainfall, while producers in
the North East and South Central reported pastures
suffering from heat stress and areas of the
Coastal Bend has had poor condition forcing many
producers to market their calves early.
Click Here for the full Texas
Crop Progress Report.
Most
Kansas farmers have wrapped up
wheat harvest with harvest 90 percent complete.
Others who decided to control weed
infestations with herbicides were waiting for the
weeds to die before finishing harvest. The state's
corn crop is progressing ahead of normal with corn
silking at 56 percent, ahead of last year's 30 and
11 percent of the crop in the dough stage. The
sorghum crop is starting to head and 28 percent of
the soybeans have bloomed.
Pasture
and range conditions rated 6 percent very poor, 16
poor, 39 fair, 36 good and 3 excellent.
Topsoil moisture rated 8 percent very
short, 23 percent short, 65 percent adequate and 4
percent surplus. Subsoil moisture rated 15 percent
very short, 28 percent short, 55 percent adequate
and 2 percent surplus.
Click Here for the full Kansas
Crop Progress Report.
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Peel
says Cow-Calf Producers In the Drivers Seat in
2014, 2015
In
2014 its gotten to be a lot more common to see
figures of $3 a pound at local auction barns for
three weight calves, but what about $4 a pound?.
This past week at the Superior Livestock Week in
the Rockies Sale, some Wyoming calves brought $4 -
$4.22 for fall delivery. That equates out to
nearly $1,500 per head for the 350 pound calves.
Without a doubt, cow-calf producers have lots of
opportunity for profitability in 2014. That's
going to extend out into 2015 as well according to
Dr. Derrell Peel, Oklahoma State
University Extension Livestock Market Economist.
"You know this industry supply starts
from the bottom up and certainly at the cow calf
level, the cow-calf sector is in the driver seat,"
Peel said. "This industry needs supply, the market
is providing the incentive to increase supply, the
cow-calf sector is going to enjoy that."
"We expect to see record profit levels
for the cow calf sector in general in 2014 and
2015," he said. "It's going to take some time,
several years for us to respond to this and
assuming that we can continue to moderate drought
conditions and so on and respond to this, so at
that level, producers are in the driver seat, they
are going to enjoy that."
"At the
other levels, its a real question of margin," Peel
said. "The real key there is if demand is good
enough, then margins can work in all levels of the
industry."
Click Here to read or to
listen to today's Beef Buzz.
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Early
Weed Control in the Fall is Key to Wheat Yield
Success the Next Spring
Continuous
planting of wheat year after year poses some
challenges when it comes to controlling pests,
especially weeds. Todd
Baughman is program support leader in
Weed Science at Oklahoma State University's
Institute for Agricultural Biosciences based in
Ardmore. He says in planting the same crop year
after year you end up developing weeds that
closely resemble the crop being grown like brome,
jointed goat grass and wild oats to name a few. We
talked with Todd yesterday about weed issues in
wheat and a new herbicide tool for wheat producers
to consider in 2014- PRE-PARE.
"You
have a weed that very closely resembles the crop
and trying to develop a program that will
selectively not harm the crop, but control that
weed makes it a real challenge when you don't have
some sort of rotation in your program," said
Baughman.
Until recently farmers
haven't had many options in terms for weed
control. One of the new tools
farmers have access to is Arysta's ag chemical
PRE-PARE. It's a preemergence herbicide for grass
control in wheat. Baughman says through research
he has done at OSU they have found how best to
utilize this herbicide.
"The real key
to grass control in wheat is getting out there
early," Baughman. "Work we have done with a lot of
herbicides has shown your most effective is in the
early part of the growing season."
Click Here to read or to
listen to Ron Hays
interview Todd Baughman on weed control
issues in wheat.
You
can also click here to jump over to the
News Release for more information on
PRE-PARE.
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Ethanol
Production Increases & Corn Prices Drop as
Food & Gas Prices
Increase
In
light of recent data that definitively disproves
the myths propagated by Big Oil and Big Food that
ethanol increases food prices, Tom
Buis CEO of Growth Energy released the
following statement:
"Time and again
Big Oil, Big Food and special interests have
attacked the ethanol industry, blaming them for
increasing food prices, but when you look at the
facts, nothing could be further from the truth.
Recently, there has been a surge in ethanol
production, while at the same time corn prices
have been falling. Currently, corn is trading at
$3.99, half the cost of what it traded for two
years ago, yet food prices continue to rise
because the cost of oil continues to climb. In
fact, a recent World Bank study outlines how crude
oil prices are responsible for 50 percent of the
increase in food prices since
2004."
"Furthermore, while Big Oil
continues its fear mongering about the use of
ethanol, American consumers just experienced a six
year high in gas prices over the Fourth of July
holiday weekend, and prices continue to hover at
record prices while ethanol is trading roughly a
dollar per gallon below the cost of wholesale
gasoline. Clearly global political unrest is once
again responsible for driving consumer fuel prices
higher. And, because of Big Oil's monopoly over
the fuels market, consumers currently have to pay
more to drive to the store and the hits keep on
coming when they check out at the grocery
line."
Click Here to read more of Tom
Buis' comments.
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Wheat
Market Watcher Kim Anderson Thinks KC Wheat Market
Has Established a Bottom
Oklahoma
State University's Extension Grain Marketing
Economist Kim Anderson has released his latest
analysis of the Hard Red Winter Wheat Market- he
has posted it on his website as well as provided
it to us and follows:
"After July's
USDA's WASDE reports were released, the KC
September wheat contract price closed down 11
cents at $6.36. Wheat prices were up Monday
morning July 14. 2014/15 marketing year hard red
winter wheat production came in at 703 million
bushels (mb) and ending stocks came in at 185
(mb). Both were relatively close to trade
expectations. One surprise may have been USDA's
lowering of 2013/14 HRW wheat domestic use 33 mb
and increasing ending stocks from 200 mb to 235
mb.
"Another surprise may have been the
USDA increasing spring wheat production estimate
64 mb. This was calculated by noting a 14 mb
decrease in USDA projected winter wheat production
and a 50 mb increase in total wheat production.
The average of the trades all wheat prerelease
estimates was 20 mb lower than the USDA all wheat
estimate. The average of the trade's winter wheat
production estimates was 17 mb higher than USDA's
estimate. This is positive for HRW wheat
prices.
Kim goes on explain why that is a
positive for KC Wheat- and offers his current
Market Strategy- to see that, click here for the rest of his
analysis.
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This
N That: Wheat Commission Plans Two Days of
Meetings This Week in OKC and Gene Neuens Becomes
a Free Agent
It's
the start of the state of Oklahoma's Fiscal Year-
and the Oklahoma Wheat Commission has a lot
of "new year" business to conduct- even in
the face of declining revenues this year because
of the historically small 2014 wheat crop.
They
will begin the Board Meeting on Wednesday
afternoon and continue with what they are calling
a special Planning Session on Thursday
morning.
To
see the agendas for both days- click here.
**********
There
are more questions than answers in my mind this
morning- but was sad to see that PCOM has
apparently pulled further back from their
involvement with the developing winter canola
industry by eliminating the position that has been
held for the last several years by Gene
Neuens.
In
working with Gene, we developed and launched
Canola TV with PCOM as the sponsor. While we
have not done any fresh episodes this past crop
year- a restart of that project is in our plans at
the Oklahoma Farm Report- encouraged more than
once by Gene.
Gene
not only helped us tremendously in our efforts to
promote the idea of winter canola being the
perfect crop to rotate with winter wheat- but he
has been seen in the industry as one of the
pillars in getting this industry off the ground
and on its way to a million acres one of these
days soon.
At
trade shows across Oklahoma, Texas and Kansas- we
have met up with Gene in his booth- and he has
always been ready to offer an encouraging word
about canola to wheat farmers across the three
states and even beyond.
Gene
(and when Heath Sanders was with
him at PCOM) were the dynamic duo in canola and
complimented so well the work done by the OSU
folks in pulling canola up by its bootstraps.
It's
too early to know where he may land- but I suspect
that one of the many companies that are jumping
into the southern plains canola business will grab
him sooner rather than later.
Gene
has not only been a great resource for us in our
news gathering-reporting efforts- but he has been
a friend as well- and his service to Oklahoma
agriculture is greatly appreciated by yours
truly.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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Farm Bureau is Proud to be the Presenting Sponsor
of the Ron Hays Daily Farm and Ranch News
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