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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 $12.00 per bushel at the Northern
Ag elevator in Yukon-
2012
New Crop contracts for Canola are now available at
$12.00 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
Thursday,
May 24,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Dry
Weather Speeds Wheat Harvest in Southern, Western
and Central
Oklahoma
Harvest
is progressing from south to north and is in full
swing across southern, western and central
Oklahoma. Weekend rains slowed progress in some
areas, but warm, dry conditions have crews back in
the field.
In Carnegie, Ryan
Clark of Johnston Grain said business is
booming. He has trucks coming in from every
direction and the wheat is looking very good. Test
weights are in the 60 to 62 range and moisture
levels are dropping slowly. He says they are 25
percent done with harvest. Yields are running
anywhere from 27 bushels to the acre to just over
59. He said there is some concern that the custom
cutters in the area will move further north before
everyone is cut out, but he expects harvest will
be over by June 10th.
In Weatherford,
Vincent Smith said they were just
getting started again after the rains. Test
weights are running 59-60 pounds per bushel. He
said the yields are in the 30-bushel range, and
some of producers are a little disappointed as
they had expected to see yields in the
40s.
Marty Pyron in
Clinton said about 20 percent of the crop in his
area has been cut. He estimated yields to be about
35 bushels to the acre with test weights of 59-60
pounds. He said farmers had expected yields to be
a little higher, but the hot weather at the
beginning of the month hurt them more than they
realized.
Check out more of our written and
audio reports on harvest progress by clicking
here.
One
other harvest resource that has just been added to
the mix is a new Facebook page for W.B.
Johnston Grain. Joey and the folks
at Johnston have already added several harvest
pics- and one report and pictures comes from SDK
Farm out of Buffalo in northwest Oklahoma- 60
bushels per acre- 60 pound test weight with 13.2%
moisture. Click here for the W.B. Johnston face
book page.
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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 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! |
Lalman
Says Moderation is the Key to Maximim Profits in
Oklahoma Cow-Calf
Operations
Dr.
Dave Lalman from Oklahoma State
University spoke at the Alltech Ag Futures
Symposium in Lexington, Kentucky, on the future of
the cow-calf end of the cattle business. Lalman
spoke with us about trends in the cattle business
and how cow-calf producers can improve their
efficiency.
Lalman said it was easy to see
how frame size swung toward the ever larger size
from the 1940s to the 1980s. He said frame size is
easy to spot and select for and perhaps the
pendulum swung a little too far to the large end
of the spectrum for maximum
efficiency.
Even though we now have more
genetic tools at our disposal than we did in years
past, finding the right balance is not always
easy.
"Now we have the tools to increase
milk production, to increase muscling, to monitor
mature size and so on, and so we sort of get
caught up in the idea that because we have those
tools that more is better. And all I was trying to
encourage folks to consider here today is that if
it's a commercial cow-calf operation with a
moderate level of inputs or even low inputs with a
forage base, hopefully, that moderate genetic
selection at least in terms of mature size, milk
and muscle is probably more
appropriate."
You can read more and hear our full
interview by clicking her for our webpage.
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Vilsack
Announces New and Expanded Access to Credit for
America's Farmers and Ranchers
Agriculture
Secretary Tom Vilsack announced
that the U.S. Department of Agriculture has made
substantial, year-over-year gains in expanding
credit opportunities for farmers and ranchers
across the United States. The increase in farm and
operating loans has helped improve farmer and
rancher productivity, launched new start-up
operations, and ensured opportunities in
agriculture for many more Americans. With expanded
access to credit, USDA is helping a new generation
of farmers sustain and build upon what is now the
most productive period in history for American
agriculture. To that end, Vilsack announced the
Department is seeking comments on a new microloan
program to help small and family operations
progress through their start-up years with needed
resources, while building capacity, increasing
equity, and eventually graduating to commercial
credit.
"Over the past three years, we have
expanded farm and operating loans to Americans
from all backgrounds to help raise a new crop of
producers across the country," said Vilsack. "As
we expand options in agriculture, we're seeing a
new vibrancy across the countryside as younger
people-many of whom are now involved in local and
regional production-pursue livelihoods in farming,
raising food for local consumption. By leveraging
USDA's lending programs for beginning farmers and
ranchers and smaller producers, we're helping to
rebuild and revitalize our rural
communities."
Click here for more on the USDA's
credit access expansion efforts.
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Monsanto
Chief Technology Guru Defines New Growth
Opportunities in Company's R&D Pipeline
Monsanto's
pipeline offers rich growth layers beyond breeding
and biotechnology that add incremental growth
opportunities going forward, Chief Technology
Officer Robb Fraley, Ph.D., told investors today
at the Goldman Sachs Basic Materials Conference
2012. Fraley discussed new technologies with the
potential to create real commercial value in
Monsanto's pipeline, including the expansion of
the Integrated Farming Systems portfolio and the
announcement of a new agricultural biologicals
platform featuring BioDirectTM technology, which
represents Monsanto's first step into biological
products. He also touched on emerging global
opportunities, highlighting the company's capital
investment in Central and Eastern Europe as well
as the continued ascension of agriculture in
Brazil and Argentina, all of which are expected to
drive Monsanto's growth over the next several
years.
"Our pipeline has evolved
significantly from where it was just a few years
ago and today it is more exciting and robust than
ever," Fraley said. "Not since we developed the
first Roundup Ready® trait have we seen such
promising categories of value emerging from our
pipeline. We're exploring new areas of technology
and new areas of the world, and all roads lead to
opportunity for both Monsanto and our farmer
customers as we work together to improve
yields."
Fraley introduced the latest
addition to the company's R&D pipeline, early
development of ag biological products through
Monsanto's new BioDirect technology. BioDirect
brings Monsanto's expertise in plant genomics to
chemistry for the first time, enabling products
that could provide new options for sustainable
pest or virus control.
Please click here to read more about
this story.
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Premium
Beef Branding Programs Keep Demand High Despite
Economy
The
price differential between choice and select
grades of beef has often been used as an indicator
of quality beef demand. Oklahoma State University
ag economist Derrell Peel says we
have used that spread to broadly indicate demand
for quality in a product that is almost infinitely
variable.
He says that broad categorical
indicator is not as useful as it once was and with
the rise of premium branding programs like the
Certified Angus Beef label, those market signals
are being further altered.
"What we've
seen, over time, is evolution toward more branded
products and various other ways to differentiate
that market. And, in the long run, I think those
become more important relative to the
choice-select spread. So it's arguably true that
the choice-select spread is less indicative or
less representative of that. I think that many of
these product markets are working at a narrower,
more defined set of specs than just the
choice-select difference. That we see in the
market."
Click here for the full video story
with OSU's Derrell Peel.
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Casebearer
Threat Looms for Regional Pecan Producers
Agricultural
experts at The Samuel Roberts Noble Foundation are
encouraging regional pecan growers to check their
groves for the first major pest of the season.
The pecan nut casebearer, an egg-laying
moth, can wipe out an entire crop if left
untreated. "The first generation of casebearers
usually appears when pecans are young," said
Charles Rohla, Ph.D., assistant
professor at the Noble Foundation. "This means
they can destroy full crops before most producers
realize there is even a crop on the tree."
Damage from the moth usually occurs 12 to
16 days after first capture, which occurred during
mid-May in Oklahoma. Pecan researchers across the
United States, including Rohla at the Noble
Foundation, have carefully monitored the
casebearers' progression, setting traps to
pinpoint its locations.
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More
Harvest Info (from Kansas), Harvest Weather and
a Mike Thralls Update
While
we are cutting out the 2012 Oklahoma wheat crop as
quickly as we possibly can- the Kansas folks are
also early- and you can mark down the date of May
23 for the first Kansas wheat harvest report of
the season from north of the border.
"One of the earliest Kansas
wheat harvests in history officially began May 22
near the town of Kiowa in Barber County, where the
OK Coop took in 35 truckloads of wheat. Each year,
Kiowa, is the starting point for the annual wheat
harvest.
"Brett
Courson, assistant manager at the OK Coop
there, says harvest gained momentum Wednesday,
with 90-plus degree temperatures and strong south
winds. Harvest activity in the area was
widespread, with early yields ranging from 40 to
57 bushels per acre and test weight ranging from
56 to 62 pounds per bushel with a 61 pound
average. Courson says a few weeks ago, farmers
expected much larger yields, but heat, wind and a
lack of late-season rain has taken the top off the
yield." Click here for the complete Day One
Harvest Update from the Kansas Association of
Wheat Growers and the Kansas Wheat Commission.
Back
here in Oklahoma- the weather looks hot,
sunny and windy for a few more days
before the chances of rain creep back into the
forecast. It appears the better chances of
rain are north of I-40 and show up on Memorial
Day- next Monday.
Word
came yesterday via Mark Harrison of the Oklahoma
Conservation Commission that our friend
Mike Thralls continues on his
road to recovery- and that road included a trip
home yesterday afternoon- great news as Mike
recovers from major surgery of about a week ago.
Our prayers and best wishes go to Mike, the
Director of the Oklahoma Conservation Commission,
as he works this harvest season to recover from
this latest personal battle.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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