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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.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Current
cash price for Canola is $12.31 per bushel at the Northern
Ag elevator in Yukon as of the close of business
yesterday.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
KCBT
Recap:
Previous Day's Wheat Market Recap-Two
Pager from the Kansas City Board of Trade looks at all
three U.S. Wheat Futures Exchanges with extra info on
Hard Red Winter Wheat and the why of that day's
market.
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,
June 26,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Corn,
Soybean and Pasture Crop Ratings All Slip in
Latest Week
For
the third week in a row, the nation's corn and
soybean conditions declined on USDA's weekly Crop
Progress and Condition report. Corn in the very
poor to poor category increased five percentage
points to 14% and corn rated good-to-excellent
dropped 7 percentage points to 56%.
Ten
percent of the corn crop is silking, compared to
5% last week and a 3% average. Scott
Newsom with DTN says "This means the crop
continues to mature during the worst of this
year's hot and dry weather
conditions."
Soybean conditions also
plunged, with the percent of the crop rated very
poor to poor increasing three percentage points to
15% and the portion of the crop rated good to
excellent falling a like amount.
For the
2012 Soybean crop, "The steady decline continues
to indicate a less likely chance of the crop
making trendline yield," Newsom said.
To read more or catch a link to the
full USDA report, click here.
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Sponsor
Spotlight
Midwest
Farm Shows is
our longest running sponsor of the daily farm and
ranch email- and they want to thank everyone for
supporting and attending the Southern
Plains Farm Show this spring. The
attention now turns to this coming December's
Tulsa Farm Show- the dates for
2012 are December 6 through the 8th. Click here for the Tulsa Farm Show
website for more details about this tremendous
all indoor farm show at Expo Square in
Tulsa.
And we are proud to have
P & K Equipment/ P & K Wind
Energy as one of our regular sponsors of
our daily email update. P & K is the premiere
John Deere dealer in Oklahoma, with ten locations
to serve you, and the P & K team are excited
about their Wind Power program, as they offer
Endurance Wind Power wind turbines. Click here for the P&K
website- to learn about the location nearest
you and the many products they offer the farm and
ranch community.
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Winter
Wheat Harvest Virtually Complete in Oklahoma and
Kansas
Winter
wheat harvest is virtually complete in Oklahoma
and Kansas and is nearing completion in Texas,
according to this week's Crop Progress and
Condition Report.
Ninety-six
percent of the Oklahoma harvest is now in the bin,
well ahead of the 28 percent five-year average for
this time.
The
official beginning of summer brought summertime
temperatures with it including a 107-degree
reading in the Panhandle at Beaver. High
temperatures across the rest of the state rose
into the 90s. Rains earlier this month alleviated
drought conditions for a short period, but the
drought has worsened over the past week. The
latest drought monitor indicates two-thirds of the
state is abnormally dry, and 15 percent is
experiencing a severe drought. Click here for the full report on
Oklahoma.
Wheat
harvest in Kansas is reported to be 98 percent
complete by last Sunday, putting the state about
three weeks ahead of the five-year average. Only
the eastern half of the state experienced
significant rainfall last week. Click here for the Kansas
report.
In
Texas, About 85 percent of the winter wheat is
reported as harvested. Wheat and oats that had not
been harvested for grain were grazed out or
chopped for silage in the Cross Timbers.
Throughout the High Plains, wheat harvest was
progressing well. Harvest was reported to be over
in the Blacklands. The full Texas report is available by
clicking here.
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Oklahoma
Farm Bureau Leader Disappointed with Senate Farm
Bill
The
U.S. Senate's approval of a farm bill on June 21,
is drawing mixed reviews from Oklahoma farmers and
ranchers. The main concern, said
Scott Neufeld, Fairview, is the
lack of price protection in years when commodity
prices are low.
"We're disappointed that
most of the risk management tools included in the
Senate bill are revenue based with very little
focus on the price components of actual
marketing," Neufeld said. "There is no mechanism
to manage risk when steep price declines happen,
and they will happen, and when they may last for
several marketing years."
As chairman of
Oklahoma Farm Bureau's Farm Bill Committee,
Neufeld closely followed the Senate's actions and
believes they fell short of passing legislation
that could truly help Oklahoma
agriculture.
You can read more of Scott Neufeld's
concerns about the 2012 Senate Farm Bill by
clicking here.
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2012
Beef Cow Slaughter Shows Less Drought Impact...and
More?
Derrell
S. Peel, Oklahoma State University
extension livestock marketing specialist, takes a
look at slaughter cow numbers in the latest
Cow-Calf Newsletter:
Beef cow
slaughter so far this year is down over 9 percent
compared to the same period last year. In the last
6 weeks, beef cow slaughter is down nearly 16
percent compared to last year. These data clearly
reflect improved drought conditions compared to
last year, especially in the Southern Plains. So
far this year, beef cow slaughter in federal
slaughter Region 6, which covers the 2011 drought
region, is down over 19 percent compared to all
other slaughter regions in which the remaining
beef cow slaughter is down 5.2 percent. In the
last 6 weeks, Region 6 beef cow slaughter is down
nearly 31 percent year over year while the rest of
the country is down nearly 9 percent.
Last
year, the situation in the Southern Plains was in
sharp contrast to the rest of the country. At this
time last year, the year to date total beef cow
slaughter for Region 6 was up 12 percent from the
same period in 2010, while the rest of the country
was down 11 percent leading to a national total
that was down nearly five percent. In other words,
last year at this time, the growing drought
impacts were offsetting decreased beef cow
slaughter in other regions which reflected
industry attempts to stabilize or increase beef
cow numbers.
Click here for more of Derrel Peel's
analysis of beef cow slaughter trends.
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USDA
Project Test Water-Saving Practices in Dry Areas
A
USDA project is trying out new ways to save water
in places where farmers need it the most.
Saving water supplies in drier parts of
the nation is the goal of a U.S. Department of
Agriculture effort. A USDA Natural Resources
Conservation grant is funding a three-year
demonstration project, administered by the North
Plains Groundwater Conservation District and Texas
Tech University to show how strategic irrigation
and crop system management can save water and help
farmers.
Harold Grall is a farmer in Moore
County, Texas. "This is, I think, good use of
money. Instead of just direct payments to a
farmer, we can show that we are using these
resources, money resources to, you know, help
especially in this area with our farming
practices."
Nearly $500,000 in grant money
will go to farmers, researchers, foundations and
other groups trying out water-saving
practices.
You can read more about this grant
program by clicking here.
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Choice
Boxed Beef Up Slightly, Finished Cattle Lower,
Czerwien Says
In
this week's beef report with Ed
Czerwien of the USDA Market News Office
in Amarillo, Texas, we saw the choice cut market
end last week at $196.63 cwt, about a dollar lower
than the previous Friday.
The
total spot volume was 1,071 loads, steady with the
previous week. The total volume moved for all cuts
was 8,518 loads, higher than we've seen since this
time last year.
The general trend in the
finished cattle trade was mostly $3 lower with
live sales last week mainly at $116 cwt, dressed
business was $187 to $190.
The harvest
weights continued to increase in some areas but
appear to have plateaued in other
areas.
You can listen to Ed's full report by
clicking here.
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This
N That- We "Welcome" Triple Digits Across Oklahoma
& Peterson Talking Farm Bill With Mike Adams
The
majority of Oklahoma Mesonet stations hit one
hundred degrees or hotter yesterday afternoon- the
hottest day of the year so far across Oklahoma on
a border to border basis. I counted a bakers
dozen Mesonet stations that "only" hit 98 or 99
degrees as their high- hottest actual temperature
was out in Buffalo at 109 degrees. Gary
McManus, our Associate State
Climatologist, says that Wister had the honor of
the highest heat index yesterday afternoon- at 110
degrees- hot temps and higher humidity add up.
Gary
says of the immediate outlook- "Watch for
the above normal temperatures to continue for
awhile. Might not always hit 100 degrees, but it
looks to stay above normal for the short-to-medium
term. Click here for his latest rant
which is also known as the Oklahoma Mesonet
Ticker.
********
The
top Democrat on the House Ag Committee,
Collin Peterson of Minnesota,
spent about ten minutes yesterday with
Mike Adams on the radio talk
show, Agritalk. Our friend, Keith
Good, who runs the Farm Policy blog
summarized the conversation very well- click here to read his full
piece- but here are a couple of the high
points-
Peterson
says "on balance the Senate did a pretty good job
with the farm bill."
Peterson
says that he gives high marks to Frank
Lucas on how things are going in the
House Ag Committee.
When
July 11 arrives and the House Ag Committee marks
up their version of a farm bill- it will be done
in one day.
Peterson
admits he is nervous about getting a farm bill
done with the House Ag Committee mark up backed up
to after the Fourth of July- but he sees a pathway
to get it done- he says the House Ag Committee
will do their work- and it will be up to the House
Leaders in the GOP to allow floor time to get it
to conference with the Senate. Peterson says there
will be consequences if House leaders block the
bill- "If they screw this up, I think they're
going to pay the price in farm country in the
election."
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God Bless!
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phone: 405-473-6144
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