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.
Check the Markets!
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
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
here for the report posted yesterday afternoon
around 3:30 PM.
Oklahoma Cash Grain Prices as of
Tuesday. The Wednesday report was unavailable from
the Oklahoma Dept. of Agriculture.
Cash price for canola was
$5.93 per bushel- based on delivery to Oklahoma City
Oklahoma Dept of Ag).
Daily Market Wrapup from the Radio
Oklahoma Network with Leslie Smith and Justin Lewis
of KIS Futures - analyzing the Futures Markets from the
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily
Volume and Price Summary from the Texas Cattle
Latest Farm and Ranch News
Update from Ron Hays of RON
Thursday, February 12,
the Committee Hearing that was called to order
Wednesday morning by the new Chairman of the House
Ag Committee Michael Conaway was
billed as a review of the State of the Rural
Economy- it really turned into a more than two
hour question and answer session for Ag Secretary
questions raised by the Committee members to
Secretary Vilsack were all other the map- from
Crop insurance to Catfish to Timber to SNAP to CRP
to Nutrition Guidelines to West Coast Dock Issues
to Farm Bill Signup and bunches more.
Conaway led off the questioning of Secretary
Vilsack- talking crop insurance. Conway, a
CPA, tore into Vilsack's claims that the crop
insurance industry was making too much money and
that more cuts needed to be made to this farm
safety net program.
contends that if you look at the long haul- crop
insurance companies have made a lot of money- "The
reality is if you look at a long period of
time-and I think it's important because folks can
point to a year where maybe it was net a loss, one
or two years out of the last 15 or 16-we can also
point to a place where that return on premiums was
34%, 32%, 32%. So you have to look at the longer,
the long trend. And I think what we've found is
that this enterprise can be actuarially sound at
12%. On balance, over history, the return has been
somewhere between 14 and 17%."
says you can't use years before 2011 in
computations because that was the year that there
was a negotiation that lowered the subsidy on crop
insurance and that the industry has given him
figures that show that the return on investment
since that renegotiation is more like six percent.
see the give and take between the Chairman and the
Secretary- here's the video:
|Chairman Conaway &
Secertary Vilsack on crop
read more, including links to Secretary Vilsack's
opening statement or to watch the archived webcast, click here.
Farm Report is happy to
have WinField and their
CROPLAN® seed brand as a
sponsor of the daily email. CROPLAN® by WinField
combines high performing seed
genetics with local, field-tested Answer
Plot® results to provide farmers with localized
management strategies that incorporate seed
placement, proper nutrition and crop protection
product recommendations based on solid
data. We have planted nine Answer
Plot® locations in the Southern Plains region
showcasing winter canola and winter wheat. Talk to
one of our regional agronomists to learn more
about canola genetics from CROPLAN® by
WinField, or visit our website for more
information about CROPLAN®
are also 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! AND- Put it on
your calendar- the 2015 AFR/OFU Convention will be
held in Norman February 13 and 14- details are available here.
Looks at Profitable, But Volatile 2015 for Cattle
of the highlights of the Cattle Industry each year
is the Cattlefax Market Outlook Seminar- and
anchoring that session each year is the current
CEO of Cattlefax, Randy Blach.
Blach told producers that 2014 will go down as a
market for the ages, we will probably never see a
market quite as good as this last year again for a
variety of reasons. But that doesn't mean that
2015 won't be a good year for cattle producers,
but Blach said it will be a volatile year, and the
reality is that it's already been volatile for
several months the end of 2014 and into 2015.
We talked with Blach after the
Cattlefax session in San Antonio and asked him
about the jumping around of yearling and calf
prices in our cash markets. He told us
"Every two weeks for the last six months we've
been seeing these five to ten percent moves in the
market," Blach said. "So this started in July and
its February now and its still going on. A five to
ten percent move is $10 to $15 a hundred (weight)
and those moves and tending to occur about every
two weeks, but we had a lot of air under this
In looking at 2015, pork and
poultry supplies will be ramping up increasing the
amount of protein available to the market. Blach
said that started taking place last September and
October. The unknown has been how much the Porcine
Epidemic Diarrhea Virus would effect the hog
population this year. He said that remains
unknown, but the worst of the virus looks to be
are featuring our conversation with Randy Blach on
this week's Beef Buzz as heard on the Radio
Oklahoma Ag Network- today's segment focuses on
the volatility in the market as well as Randy's
take on the end of January Cattle Inventory
Report. To read or to listen to Randy
Blach's thoughts from our conversation, click here.
Label Supporters Claim Studies Find Consumers
Won't Avoid Food With GMO Listed on the
battle continues over the need for GMO labels on
food products. One group that is using their
resources to urge labels at the state level is the
Environmental Working Group. Libby
Foley with the EWG has written an Op-Ed-
cites studies that claim labels on food at the
retail level will not impact sales of those food
products in any significant way.
writes "Food and biotechnology giants fighting
against mandatory labeling of genetically
engineered food (commonly known as GMOs) claim
that it would have consumers fleeing their
products. But the evidence just doesn't back that
"In fact, multiple studies have
actually shown the opposite: For better or worse,
labels have little effect on consumer
In a recently published study,
agricultural economists Jayson
Lusk of Oklahoma State
University and Marco
Costanigro of Colorado State
University sought to find out whether
consumers who see a GMO label on a product would
be more concerned about it than shoppers who see
the same product without the
Foley says that the result is
that "Lusk and Costanigro found that "there was no
consistent statistically significant difference in
the average level of concern for GMOs expressed by
people shown different labels. That is, the mere
presence of the GMO label did not lead to a
greater level of concern about GMOs."
Click here to read more on the
GMO labeling battle from the EWG perspective.
to Host 110th Annual
Farmers & Ranchers/Oklahoma Farmers
Union (AFR/OFU) will host its 110th
annual state convention at the Embassy Suites
& Conference Center - Norman Feb. 13-14. This
year's convention theme is "Rich Heritage, Bright
"This year's convention theme
represents who we are as a company and as an
organization," said AFR/OFU President
Terry Detrick. "Our vibrant and
accomplished history stands as our foundation for
our current and future growth, both as an
insurance company and as a farm organization that
serves the state of Oklahoma."
year's two-day event features educational speakers
such as Oklahoma Mesonet's Al
Sutherland, Oklahoma Ag Mediation's
Mike Mayberry and National
Farmers Union President Roger
Johnson. Convention attendees will learn
about controversial legislative issues, the
challenge of feeding the growing global
population, how to communicate agriculture to the
public and much more.
read more about the great lineup and entertainment
for this year's convention, click here.
Production May Be Needed for Herd Expansion
nation's cattle producers are responding to the
strong economic signals in rebuilding the nation's
cow herd numbers. The latest cattle inventory
report from the U.S. Department of Agriculture
shows there is some solid growth already, but more
numbers will be needed. Rabo
AgriFinance Senior Analyst Don
Close said the rate of expansion seen in
the 2014 was above his
"The U.S. cow
herd must grow if the industry is going to
preserve existing infrastructure and regain lost
market share," Close said. "In order to for that
growth to occur, the beef and cattle community
must address main expansion constraints: high
capital barriers, declining availability of
grazable acres, and aging producers."
The need for grazable acres has gone
under the radar when cattle numbers were declining
faster than acreage numbers. Now that herd
expansion is taking place, Close wonders if grass
availability will become a limiting factor. Over
the last ten years, pasture availability has
declined by 32 million acres, causing producers to
weigh options that require less land. According to
a new report from Rabobank Food & Agribusiness
(FAR) Research and Advisory group. The report,
"Outside In: Confined Cow-Calf Production as a
Viable Model for Rebuilding the U.S. Cow Herd
Numbers" finds that more innovation is paramount
to the growth of the U.S. cattle
The report finds that confined
production systems present an alternative that
replaces high capital requirements with
intensified management and labor. To read
more or have the opportunity to listen to my
conversation with Don Close, click here.
Have the Latest Energy News Delivered to Your
winning broadcast journalist Jerry
Bohnen has spent years learning and
understanding how to cover the energy business
here in the southern plains- Click here for Jerry's
website where there is a link on the
Left Hand Column where you can subscribe to
his daily update of top Energy News.
Landowners Should Ask Their Renters About Soil
farmers, ranchers and others who rely on the land
are taking action to improve the health of their
soil. Many farmers are actually building the soil.
How? By using soil health management systems that
include cover crops, diverse rotations and
And when they're building the
soil they're doing something else - they're also
building the land's production potential over the
But how do non-operator
landowners (people who rent their land to farmers)
know if their tenants are doing everything they
need to do to make and keep their soil healthy?
Barry Fisher, an Indiana farmer
and nationally recognized soil health specialist
with the USDA's Natural Resources Conservation
Service, recommends that they ask their farming
partner these five questions. Click here to read about the 5
important questions that need to be asked.
N That- Memorial Service For Mike Thralls on
Saturday; Farm Bill Decision Guide and Superior
Livestock Friday Sale Details
to celebrate the life of Mike
Thralls will be held this coming Saturday
afternoon in Billings, Oklahoma at 2:00 PM.
Thralls lost an extended battle with cancer
earlier this week.
was the Executive Director of the Oklahoma
Conservation Commission for 17 years, until his
retirement this past August.
services for Mike are planned for 2 PM Saturday at
the Antelope Valley Church of the Brethren in
Billings. A look at this life and details of
the service and burial are available here.
folks over at the University of Illinois have a
pretty good looking Decision Guide that may help
you with the multiple decisions that need to be
made to have you ready to go with the 2014 Farm
Law's safety net.
the yield-update and base-acre decisions can be
made now. and are due to the Farm Service Agency
February 27th. The final farm program decision -
the choice between ARC and PLC - is due March 31st
and this is a decision that can be provided to FSA
now as well.
Decision Guide from FarmDoc is available here.
Livestock has their regular every other
week feeder cattle sale set for tomorrow at 8:00
AM central time.
week- 21,500 head will be offered. We have
details on either our Calendar or Auction page at
OklahomaFarmReport.Com. Details are also available
here on the Superior website.
can also call 1-800-422-2117 for more
You can reach us at the following:
Farm Bureau is Proud to be the Presenting Sponsor
of the Ron Hays Daily Farm and Ranch News