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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday November 7,
2008! A
service of Johnston Enterprises, KIS Futures and American Farmers &
Ranchers!
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-- Meat Memo From Phil Seng to President Elect- "Change Matters IF
You Get Results"
-- The Current Market Strategy- Hoping for Higher Wheat Prices
-- Economic Meltdown Not as Hard on the Cattle Market Compared to
Other Commodities.
-- Farm Bill Informational Meeting Set for Next Tuesday
-- A Return Engagement for David Kohl Coming Up At Quartz
Mountain
-- Chairlady Lincoln???
-- Looking at our Agricultural Markets...
Howdy Neighbors! Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America! We are also pleased to have as a regular sponsor on our daily email
Johnston Enterprises- proud to have served agriculture across
Oklahoma and around the world since 1893. For more on Johnston
Enterprises- click
here for their website! If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here. | |
Meat Memo From Phil Seng to President Elect- "Change Matters IF You Get Results" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The President
and CEO of the U.S. Meat Export Federation told the more than 300
agriculture industry leaders attending a strategic planning conference in
Tucson, Arizona that the new administration should - not be afraid to
change course - if the desired results aren't being achieved in world
trade. Phil Seng called red meat exports - one of our avenues to
prosperity.
He says we need to - go where the money is. People in Japan, for example, have 5.5 trillion dollars in personal savings, and banks in Japan and China have 1.5 trillion and 1.9 trillion respectively. Seng says, - the money is in these key export markets. To help the U.S. red meat export industry have a fair shot at these markets, Seng advised the new administration to consider several steps including: create a new sub-cabinet level position with responsibility for all trade-related issues; and redefine the industry-government partnership. | |
The Current Market Strategy- Hoping for Higher Wheat Prices ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OSU Extension
Grain Market Economist Dr. Kim Anderson tells Clinton Griffiths in this
weekend's SUNUP taping that as farmers are faced with sharply lower wheat
prices compared to what they saw at harvest earlier this year- those that
still ahve wheat to sell from the 2008 crop "are having a difficult time"
accepting the fact that traditional wheat price patterns have been
disrupted by the Economic Meltdown that has impacted all commodity prices-
and are "hoping that prices will recover some."
Dr. Anderson says that we have the potential for a good crop for 2009- based on reports he heard earlier this week at the Oklahoma Ag Expo held in Oklahoma City. Some people are still planting wheat- especially in areas that have been wet this fall, with some producers starting to worry a bit about the crop insurance deadline of November 30 to have wheat planted to qualify for 2009 coverage. Besides Dr. Anderson's comments on SUNUP this weekend, the program will include a look at a research project in Southeast Oklahoma that is using goats to eliminate dense underbrush- as well as have regular segments with Dr. Glen Selk and Dr. Randy Taylor. SUNUP can be seen Saturday mornings on OETA. | |
Economic Meltdown Not as Hard on the Cattle Market Compared to Other Commodities. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The economic
meltdown is alive and well- based on the latest stock market ten percent
drop in two days after it was known by the market that Barack Obama would
be our next President of the United States. In talking this week with
Randy Blach of Cattlefax, he contends that beef prices have actually fared
a little better than other commodities.
He adds that the weakness in middle meats from the beef carcass has actually been around for much of 2008- and that we have been able to get more out of the other areas of the carcass to help hold together cattle prices at the point of slaughter in the $90 to $100 range. He sees beef demand holding together fairly well- although how much demand each cut will have for it depends on the depth and length of a US Recession- adding that if consumers continue a recent trend of staying home and cooking more- that will push more of our product through the retail beef pipeline and that typically includes more low choice and select product than what is served in restaurants. We have a portion of our conversation from earlier this week at the Texas Cattle Feeders Association convention with Randy Blach for you today on the Beef Buzz- and you can hear Randy by clicking on link for the story on our website below. Click here for the latest Beef Buzz featuring the thoughts of Randy Blach of Cattlefax | |
Farm Bill Informational Meeting Set for Next Tuesday ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ American
Farmers & Ranchers (AFR) will hold a Farm Bill informational meeting
Tuesday, November 11th at their headquarters in Oklahoma City. AFR
President & CEO Ray L. Wulf says, "We want to invite everyone that is
interested in learning more about the 2008 Farm Bill to our building,
there are several new provisions in the Farm Bill that agriculture
producers and others involved in the agriculture industry need to be aware
of, this meeting will address many of those issues."
The driving force behind the information to be presented on Tuesday is Francie Tolle, Legislative Policy Analyst for AFR- and we talked with her about the upcoming meeting. You can hear some of her comments by clicking on the link below. You can also see Francie with us Saturday morning on our In the Field segment on KWTV News9 at around 6:40 AM. The meeting will include information on the new ACRE program, the new permanent disaster program, Country of Origin Labeling and many other provisions included within the 15 titles of the 2008 Farm Bill. The meeting will be held at the American Farmers & Ranchers Building, 800 North Harvey, in downtown Oklahoma City, November 11th from 10:00 a.m. - 1:00 p.m. Call Francie Tolle at 405-218-5523 for questions about the event. Click here for more on the AFR Farm Bill Informational Meeting Planned for Next Tuesday | |
A Return Engagement for David Kohl Coming Up At Quartz Mountain ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The ninth
annual Farmer and Rancher Forum is planned for November 20 at Quartz
Mountain Resort in Lone Wolf, Oklahoma. Once again this event is being
sponsored by Ag Preference of Altus. It should be especially interesting
this year- given the roller coaster ride we have been carried on since
this time one year ago.
Dr. Kohl is considered one of the best in the business when it comes to someone who can dissect the business of agriculture today- and how to financially manage your farm, ranch or even agribusiness in these challenging times. The program is set for Thursday, November 20, with Dr. Kohl set to take center stage beginning at 9:00 AM. There will be a break for lunch, a Q&A session after lunch and door prize drawings that will wrap up the day. For more information, click on the link below or call Diane Beach at AgPreference in Altus- 1-800-727-3276. They do need to hear from you by November 14 to have an accurate count for lunch. Click here for more on the 9th Farmer and Rancher Conference on November 20 | |
Chairlady Lincoln??? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The incoming
Congress will have one new face that well-known to U.S. agriculture.
Former Agriculture Secretary Mike Johanns handily won his race for the
Senate seat vacated in Nebraska by Senator Chuck Hagel. Some major changes
could be in store for the Senate Agriculture Committee. There are rumors
that Chairman Tom Harkin could lead the Senate's Health, Education, Labor
and Pensions committee if Senator Edward Kennedy, the current chairman,
relinquishes the post. That could make Senator Blanche Lincoln of Arkansas
a potential successor as other Democrats with more seniority on the ag
committee already chair other committees.
Meanwhile, it is unknown if the ranking minority member on the Senate Ag Committee will survive his reelection bid or not. Senator Saxby Chambliss may be facing a runoff against his Democratic challenger on December 2, as he literally just votes shy of the 50% plus one vote needed to win. If he ends up in the runoff in early December- you know he'll be facing not just Jim Martin- the Democrat that got around 47% of the vote- but also President Elect Barack Obama, who will try to knock off Chambliss- who has been very popular with agricultural groups- both as a Congressman and now as a Senator. In another close Senate race, Senator Norm Coleman, a Republican who
serves on the agriculture committee and who is noted for his work on food
aid, faces a recount in the close race in Minnesota against Democratic
challenger Al Franken. | |
Our thanks to KIS Futures, American Farmers & Ranchers and Johnston Enterprises for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked at the top of the email- check them out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis! 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. | |
Looking at our Agricultural Markets... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link: | |
God Bless! You can reach us at the following: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: ron@oklahomafarmreport.com
phone: 405-473-6144
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