~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday October 15, 2009A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- DOJ Clears Way for JBS to Buy Pilgrims Pride, Marking Entry into US Poultry Market
-- Upland Cotton to Receive Countercyclical Payments for 2008 Crop Year- But Peanuts, Corn, Grain Sorghum and Soybeans Will Not
-- Green Tie Gala- Tickets are Still Available
-- October Cattle on Feed Coming Friday
-- Value Added Beef Cattle Make Money for Their Owners
-- Do you like the Mesonet? Well, They Need Your Help!
-- Star Lake Cattle Ranch has Two Sales Coming This Sunday
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are pleased 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!
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DOJ Clears Way for JBS to Buy Pilgrims Pride, Marking Entry into US Poultry Market
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~JBS S.A announced on Wednesday afternoon that the U.S. Department of Justice announced today that it was terminating its investigation into JBS USA Holdings Inc.'s acquisition of Pilgrim's Pride allowing the transaction to proceed. Under the terms of the acquisition, JBS USA will purchase shares representing 64% of the total and voting capital stock of Pilgrim's for $800 million in cash. The transaction represents an enterprise value of $2.8 billion. The conclusion of the acquisition is subject to the final approval of the reorganization plan by the Bankruptcy Court, which is expected to take place before the end of the year.
"Today is an exciting day for JBS and Pilgrim's Pride," said Wesley M. Batista, president and chief executive officer of JBS USA Holdings. "With today's decision by the U.S. Department of Justice, JBS has been granted the opportunity to enter into the U.S. poultry industry pending approval from the Bankruptcy Court. As a successful U.S. beef and pork company, we believe we are well positioned to bring that same competitive energy to Pilgrim's Pride, its employees and customers. We thank the U.S. Department of Justice for their thorough and timely review of this transaction and we look forward to working with Pilgrim's to honor its tradition."
We have more on this story on our website- including a link back to an earlier report we had from R-Calf USA- the populist cattle group that was very upset about this purchase of Pilgrim's Pride by JBS. No response from R-Calf has come as of yet, via email or on their website.
Upland Cotton to Receive Countercyclical Payments for 2008 Crop Year- But Peanuts, Corn, Grain Sorghum and Soybeans Will Not
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Agriculture Secretary Tom Vilsack announced yesterday that USDA will not issue final 2008 counter-cyclical payments to farmers enrolled in the Direct and Counter-cyclical Program for peanuts, corn, grain sorghum, soybeans and oats because average commodity prices remain above levels that trigger these payments. USDA will issue payments for upland cotton. The final counter-cyclical payment rate for upland cotton is 12.58 cents per pound - the statutory maximum level. Producers who received a partial payment will receive 7.55 cents per pound, the final rate of 12.58 cents less the partial payment rate of 5.03 cents per pound.
The 2008 Farm Bill requires 2008 final counter-cyclical payments to be paid as soon as practical following the end of the marketing year, but not sooner than Oct. 1, 2009. Because the National Agricultural Statistics Service (NASS) published the final marketing year average prices for peanuts on Aug. 31, 2009, and for corn, grain sorghum and soybeans on Sept. 29, 2009, USDA can now determine that no final payments will be made for these commodities. The 2008 Farm Bill provides that one partial counter-cyclical payment may be issued after 180 days of the marketing year. However, USDA did not issue a partial payment for the 2008 crop of peanuts, corn, grain sorghum or soybeans because these markets were strong.
The final marketing year prices per bushel are 23.0 cents per pound or
$460.00 per ton for peanuts, $4.06 for corn, $3.20 per bushel for grain
sorghum and $9.97 for soybeans. There are no final counter-cyclical
payment rates for peanuts, corn, grains sorghum and soybean oats because
their effective prices exceeded target prices.
Green Tie Gala- Tickets are Still Available
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Jessica Stewart of the Oklahoma 4-H office reminds us that the 4-H Green Tie Gala is coming up quick- Friday, November 6, 2009 at 6 p.m. in the historic Skirvin Hilton Hotel in downtown Oklahoma City. The RSVP deadline is coming up fairly soon- October 28th.
Jessica writes "All 4-H members, alumni and friends of Oklahoma 4-H are invited to celebrate 100 years of Oklahoma 4-H with us at the Skirvin. Come enjoy a great dinner and 4-H entertainment while reconnecting with the 4-H family in this centennial celebration. Tickets are $125 for adults, $100 for youth 19 and under, and sponsorships are available at the $1,000, $2,500 and $5,000 levels."
You can call Jessica at the state 4-H office in Stillwater at 405.744.7960- and we have a link below to the Celebrate Oklahoma 4-H's birthday website.
October Cattle on Feed Coming Friday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The regular monthly look at the number of cattle in our nation's feedlots will be released on Friday afternoon after the futures markets are closed for the week. Joe Victor of Allendale offers this look at what his group believes the report will say come 2 PM central time tomorrow:
"September Placements are expected to be 3.0% larger than last year. This makes three months of higher placements. We expect this trend to last one more month. Cattle placed in September will be marketed from February through June. Allendale anticipates a Marketing total 2.7% smaller than September of 2008. Marketings will remain under last year levels through November, then equal last year in December, then move to slightly higher than last year in the first quarter 2010.
"Total Cattle on Feed will be slightly higher than last year as of October 1. Building Placement levels will push Cattle on Feed to above last year levels through February. Keep in mind a comparison to last year is skewed as last year placements were down sharply from October through December."
Value Added Beef Cattle Make Money for Their Owners
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Producing value added cattle is worth the extra management that will be needed to meet the demands of the many different value added cattle programs that are out there today. One of the premiere value added cattle programs in the US is US Premium Beef. Brian Bertelsen, director of field operations for U.S. Premium Beef, spoke at a recent field day up in the Flint Hills of Kansas about producing value-added cattle.
Bertelsen says that for US Premium Beef, one of the real keys is to identify and then finish cattle that will marble well. A significant part of the premium paid by this group is for a high level of marbling.
You can hear his comments on this edition of the Beef Buzz- just click on the link below and check it out.
Do you like the Mesonet? Well, They Need Your Help!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In their most recent edition of their electronic newsletter, Agweather Connection, the folks that are involved with the Oklahoma Mesonet and the numerous ag features that it offers had a survey which they hope will lead to making the products they offer even better. The problem is that they got just a handful of their readers to respond to the survey and Laura Martin at their offices in Norman wrote us this email note:
"For years, Agweather has provided top-notch weather information and quality educational materials. As the Web site continues to grow, the folks at Agweather are hoping to get feedback from users so they can improve the services they offer. We have set up a short online survey. This survey will give us ideas on how to improve both the Agweather newsletter and the Web site. The survey will only take a minute or two, and we'd very much appreciate any and all feedback."
So, click on the link below- your help is needed- and besides, Al and Laura will owe me a coke if I can get more of you folks to take their survey than they got from their electronic newsletter. Take a couple of minutes- and let them know what you like and don't like about the Oklahoma Mesonet.
Star Lake Cattle Ranch has Two Sales Coming This Sunday
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Star Lake Fall Sale week has arrived! The cattle look great and they're wrapping up the final details for the Oct. 18th Ranch Ready Bull Sale and Fall Celebration Female Sale. The videos of the individual sale lots are now posted online and are ready to be viewed.
Montie and his folks write "Call the office at (918) 396-4322 for assistance with your motel reservation. Rooms are going fast, but we will find you accommodations. Now is also the time to get your bidder number with Superior or LiveAuctions. Remember, you must pre-register prior to the sale to bid on the phone or over the Internet."
They have an update on their website which we have linked below- it has links to the video, to Superior and to LiveAuctions and other info about the sale coming up this Sunday. Check it out- looks like they are ready to welcome one and all for their two sales in one day this weekend.
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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.
Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.40 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.70 per bushel- delivered to local participating elevators that are working with PCOM.
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: