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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 $12.63 per bushel at the Northern
Ag elevator in Yukon-
2012
New Crop contracts for Canola are now available at
$12.63 per bushel- delivered to local
participating elevators that are working with PCOM.
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,
May 22,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Weekend
rains slowed the earlier-than-average wheat
harvest significantly, but it was estimated to be
14 percent complete by Sunday. Canola harvesters
have progressed well, with 56 percent of the crop
having been combined by week's end.
Seventy
five percent of the winter wheat crop was in
good to excellent condition while 19 percent was
listed in fair condition and six percent was
listed as poor or very poor.
Seventy
three percent of canola was in good to
excellent condition with 23 percent in fair
condition and only four percent was in poor or
very poor shape.
In Kansas, 43 percent of
the winter wheat crop was in good to excellent
condition, 35 percent was in fair shape and 22
percent was in poor or very poor
condition..
Texas wheat showed 34 percent
in fair shape, 32 percent in poor or very poor
condition, 26 percent in good condition, and eight
percent was in excellent condition.
The latest Oklahoma Crop Weather
Update from Monday afternoon is available by
clicking here.
For
the national Crop Progress numbers- as released on
Monday afternoon, May 21st- click here.
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Sponsor
Spotlight
We
welcome the Oklahoma Energy Resources
Board as a daily email
sponsor- The OERB voluntarily
restores abandoned well sites - at
absolutely no cost to landowners. Since 1994,
we've dedicated more than $66 million to restoring
more than 11,000 orphaned and abandoned well sites
across the state. Their goal is to make the land
beautiful and productive again. To learn more,
click here for their well site
cleanup webpage.
We
are also excited to have as one of our sponsors
for the daily email Producers Cooperative Oil
Mill, with 64 years of progress through
producer ownership. Call Brandon Winters at
405-232-7555 for more information on the oilseed
crops they handle, including sunflowers and
canola- and remember they post closing market
prices for canola and sunflowers on the PCOM website- go there by
clicking here.
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Wheatwatch
2012: Rain and Hail Bring Damage, Halt to Harvest
Across Oklahoma
The
hail storms in SW Oklahoma Saturday night have
left their mark. Reports coming into the Oklahoma
Wheat Commission say the wheat crop in some areas
has sustained minor to substantial
damage.
Washita and Custer County are both
reporting 10 - 15% losses, county wide. A few
fields will be in the 50 - 75% loss area and some
could be zeroed out.
The Canute and Foss
area was hit very hard with the hail. Hail damage
was also reported in the Mountain View area (Kiowa
County). The storms were very wide spread and very
sporadic as the hail fell. Rain gauges measured
anywhere from .70 to over 3 inches in these
areas.
Harvest will most likely begin again
in full force by Thursday with the hot, windy
conditions predicted and some may start as early
as Wednesday evening in these
areas.
Be sure and check out the full report
by clicking here.
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Canadian
County Canola Harvest Comes to Profitable
Conclusion
Canola
harvest is starting to wind down across the state
and Canadian County Ag Extension Educator
Brad Tipton reports to us via
email:
"This year Bornemann Farms recorded
the best production agriculture winter canola
yield we have ever had in Canadian
County. Ray had a 120-acre canola
field produce over 46 bushels per acre (2,314
lbs/ac).
"Also, I have attached pictures of
Jerry Lingo cutting over 40 bushels of canola per
acre (2,010 lbs/ac). In the field where these
images were taken, Jerry indicated, 'When one
considers the price of canola vs. wheat, the gross
and net income we made from this year's canola
crop is basically the equivalent of producing 75
bushels of wheat.'
"Canadian County canola
harvest has come to a successful and very
profitable conclusion. The only
regret canola growers have is wishing they would
have planted more acres of winter canola last
fall!"
Tipton also reports that wheat
harvest is progressing well in Canadian
County.
Click here to see Tipton's pictures
and read more about harvest in Canadian
County.
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It
was Chicken Versus Beef at the Opening Session of
the Alltech
Symposium
What
is the future of agriculture? Where do you see the
food industry going in the future? Each year
Alltech tries to answer these questions at its
annual symposium. We traveled to this
year's event and, on Monday, heard a
presentation with Tim Gannon, the
founder of Outback Steak House and former Kentucky
Governor John Y. Brown, the
founder of Kentucky Fried Chicken.
Both
companies are worldwide and feed hundreds of
millions of meals to customers each year. If that
weren't a massive enough undertaking, add on top
of that producing a consistent product year in and
year out that meets the highest safety
standards.
"Our real threat is supply and
how we can get a safe product to our customers,"
Gannon says.
With far flung networks of
restaurants all over the world, that is no easy
task. Gannon says his company buys over $400
million worth of beef every year. The remaining
45% of his menu items are non-red meat.
Both Gannon and Brown say that an
overarching concern for safety and quality is very
difficult to maintain in a corporate
environment.
You can hear the full conversation
between Gannon and Brown by
clickinig here.
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Cattle
Feeders Running Out of Magic Tricks, Peel Says
In
the latest Cow/Calf Newsletter, Oklahoma State
University Extension Livestock Marketing
Specialist Derrell Peel looks at
what the trends in cattle markets are doing to
feeder cattle supplies:
The latest USDA
Cattle on Feed report indicated that April feedlot
placements were down 15 percent from last year.
Month to month swings in feedlot placements and
marketings are common and any one month does
necessarily indicate a trend. However, it is
likely that smaller feeder supplies have finally
caught up with feedlots and placements are
expected to be reduced in the coming months with
feedlot inventories declining as we move through
the remainder of the year.
Feedlots have
seemingly defied the odds by maintaining feedlot
placements for several months despite ever tighter
feeder supplies. A variety of factors have
contributed to the timing of feedlot placements in
recent months. What is happening now would likely
have happened in 2011 were it not for the drought
forced sales of cattle last summer and fall.
Derrell has a lot more to say on this
topic and you can find it by clicking
here.
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Wheat
Varieties Begin to Show Their True Colors as
Harvest Progresses
As
test weights, yields and protein levels start to
tell the tale on this year's wheat crop, OSU
Extension Small Grains Specialist Dr. Jeff
Edwards says he is surprised.
"I'm surprised at how good it looks given
the year that we've had. We've had drought stress
and every kind of stress you can think of and it
still looks pretty good."
Edwards says he's
looking especially closely at OSU-bred Duster
since it is the most popular variety in the state
this year. He said he is also paying close
attention to its descendants which are exceeding
expectations.
"Duster looks good. I don't
think Duster is going to have the same year it did
a couple of years ago, but I still think Duster
will perform fairly well. We've got a couple of
varieties out here I call sons of Duster; we've
got Gallagher and Iba and both of those look
really good.
Click here to read more from Jeff
Edwards.
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Choice Beef
Trade Ends Last Week on a High Note, Trimmings
Down, Czerwien Says
In
this week's beef report, according to Ed
Czerwien, USDA Market News Office in
Amarillo, Texas, we saw the choice cut market end
the week May 19, 2012 at $192.51 cwt, about $3.40
higher than the previous Friday. However, the
trimmings category has lost $36.00 in the last
three weeks. The total reported load volume was
7,279 loads, 490 loads higher than week ago
levels.
The general trend in the finished
cattle trade was mostly $3.00 higher with live
sales in Texas and Kansas selling mostly at the
$120.00 cwt mark. Northern live sales were $123.50
to 125.00 cwt. and dressed sales at $195.00 cwt in
the meat.
The average live weight from the
Texas Panhandle was 1,229, two pounds higher from
the previous week.
Ed Czerwien's full audio analysis on
last week's beef trade is available by clicking
here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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