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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-
2012
New Crop contracts for Canola are now available at
$12.31 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 29,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Wheat
Harvest Rolls- Canola Harvest Close to Wrapping
Up
After
a Memorial Day holiday weekend that offered wide
open harvest conditions in most of the Oklahoma
wheat belt- it will be interesting to see what
percent of the wheat crop has been harvested-
according to the USDA's NASS office in Oklahoma
City. Mark Hodges with
Plains Grains pegged it at 28% done last Thursday-
and it is very possible that we have pushed that
close to the 50% mark or slightly better on a
statewide basis.
We
were in Noble and Kay Counties on Monday- and saw
a lot of wheat fields that were dead ripe-
just ready for the combines to show up. We
saw some farmer cutting going on- did not see any
custom cutters in that area working at all- but
still there were a number of fields along US 177
north of Stillwater up towards Ponca City that
were cut out.
We
have loaded a few pictures of what we saw in wheat
fields that direction on Monday- one picture in
particular we wanted to point you to- click here to see a N-Rich Strip
that allowed a wheat field to perform to its FULL
potential- it was planted on the farm of
Bonnie and Bill Jueschke near
Marland- and Crop Consultant Bryan
Vincent told us the lodged wheat in the
front of the shot is where the amount of nitrogen
applied exceeded the plant's ability to handle the
weight of the wheat heads. This field is
ready for harvest- and unless Mother Nature gets
destructive- will produce a lot of wheat. Click here for our full 2012 Wheat
Harvest set of pictures to this point-
including a few others of this field in Noble
County.
Meanwhile-
we got to check out the canola harvest on the
Jueschke farm on Monday- they were straight
cutting one of their canola fields- and it was
yielding over 40 bushels per acre. Bryan Vincent
visited with us about Bonnie's decision to try
canola- this was her first year to grow it- and
this 80 year young lady was not afraid of change-
she was more worried about rye grass taking over
her farm. We have our latest episode of Canola TV
up on our website and on YouTube- click here to check it out this
Canola TV report.
We
also took some photos on Monday- click here for our full 2012 Canola
Photo Set and scroll down to the end of the
set for shots of this canola ready to be
harvested- and being harvested on Memorial Day.
AND-
our Tuesday morning farm and ranch news on the
Radio Oklahoma Network features comments with
Bryan Vincent that actually come from a second
Canola TV segment that will be seen later this
week- Bryan talking about several of his clients
that have grown canola this year and how it has
worked for them. Click here to listen to that
audio.
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Sponsor
Spotlight
We
are 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.
We
are proud to have KIS
Futures as
a regular sponsor of our daily email update. KIS
Futures provides Oklahoma Farmers & Ranchers
with futures & options hedging services in the
livestock and grain markets- Click here for the free market quote
page they
provide us for our website or call them at
1-800-256-2555- and their iPhone App, which
provides all electronic futures quotes is
available at the App Store- click here for the KIS
Futures App for your iPhone.
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USDA
Announces Results for Conservation Reserve Program
General Sign-Up
Agriculture
Secretary Tom Vilsack announced
that the U.S. Department of Agriculture will
accept 3.9 million acres offered under the 43rd
Conservation Reserve Program (CRP) general
sign-up. During the extended five-week signup, the
Department received nearly 48,000 offers on more
than 4.5 million acres of land. The USDA has now
enrolled nearly 12 million acres in the CRP since
2009. Currently, there are more than 29.6 million
acres enrolled on more than 736,000
contracts.
Enrollment of the new 3.9
million acres will allow USDA to continue
important targeting of CRP acres through
continuous sign-up initiatives-including those
announced earlier this year for highly-erodible
land, as well as grasslands and wetlands-while
also maintaining and enhancing the significant
benefits that the program has already achieved.
The two continuous sign-ups announced earlier this
year will target an additional 1.75 million acres
in total.
Click here for more on the results of
the latest CRP sign-up.
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CBOT,
KCBT Expand Trading Hours on USDA Report
Days
The
country's two major commodities exchanges will
expand their floor trading hours on USDA report
release dates.
Open out-cry trading on
both the Chicago Board of Trade and the Kansas
City Board of Trade will be changed to 7:20 a.m.
CST, from 9:30 a.m. CST, on mornings of specified
reports beginning June 12, 2012. Open out-cry
trading will continue to close daily at 1:15 p.m.
CT. Daily settlements are based on the 1:15 p.m.
close.
The major USDA reports that will
initiate early opening on the CBOT include:
WASDE, Crop Production, Prospective Plantings, and
Acreage.
Expanded
trading hours on the KCBT will also be observed
when the Grain Stocks Report is released on a
quarterly basis.
You can find more information and the
specifically affected trading dates by clicking
here.
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Stabenow
Introduces Agriculture Reform, Food and Jobs Act
of 2012
Senator
Debbie Stabenow, Chairwoman of
the U.S. Senate Committee on Agriculture,
Nutrition and Forestry, announced the Agriculture
Reform, Food and Jobs Act of 2012 (S.3240) has
been officially introduced in the U.S. Senate.
The bill, authored by Chairwoman Stabenow
and Ranking Member Sen. Pat Roberts, is a
bipartisan bill that reforms U.S. food and farm
policy to save taxpayers $23 billion while
strengthening and streamlining programs to
continue allowing the agricultural economy to
grow. The bill was adopted by the Committee last
month on a vote of 16-5, with broad bipartisan
support.
Click here to read more.
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US
Beef Exports Finding 2012 to be Tough in Several
Key Markets
The
U.S. Meat Export Federation held its annual
meeting recently in New Orleans. The federation
uses Beef Checkoff dollars and funding from the
USDA to promote beef exports overseas.
Several of the USMEF regional directors
spoke about the prospects for progress in the
export trade in their areas.
Joel
Haggard, senior vice-president for the
Asia-Pacific Region says there's some optimism
about Japan, but there's a significant challenge
in Korea.
"On the beef side in Korea, it's
an interesting story although the BSE episode
created relatively little consumption impact in
most of the Asian countries I would say in Korea
it's been quite significant. U.S. beef sales in
Korea have been quite weak."
Click here hear more on the latest
edition of the Beef Buzz.
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Vilsack
Names 2 Oklahomans, 9 Others to Council for Native
American Farming and Ranching
Two
Oklahomans are among eleven members of a new
Council for Native American Farming and Ranching
recently named by Agriculture Secretary
Tom Vilsack. The committee was
created to advise the secretary on ways to
eliminate barriers to participation for Native
American farmers and ranchers. The Council is
being appointed as part of the Keepseagle
settlement.
Henry
Holder, a farmer/rancher from Soper, and
Jerry McPeak, a farmer/rancher
and state legislator from Warner were named to two
year terms on the council.
"The Council for
Native American Farming and Ranching will help
Native governments, businesses, farmers and
ranchers and tribal governments partner with USDA
to create jobs, drive economic growth and
strengthen tribal communities," Vilsack
said.
Click here to read more about the
Native American Farming and Ranching
Council.
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Cattlemen
Must Be a Part of Defining
Sustainability, Gebhardt
Says
Richard
Gebhart, Oklahoma cattleman and vice
chairman of NCBA's Federation Division, tackles
the issue of sustainability from his perspective
in the current electronic newsletter of the
Oklahoma Cattlemen's Association:
What is
sustainable beef? As the saying goes, ask 10
different people and you will get 10 different
answers but in my opinion, that's not necessarily
a bad thing. In the absence of a definitive
definition, the beef industry has an opportunity
to shape what this important concept will mean for
cattlemen.
Beef
sustainability isn't a new concept. According to a
study from Washington State University, beef's
carbon footprint decreased by 16 percent over the
last decade. The study also found that today's
beef is produced with 30 percent less land, 14
percent less water and 20 percent less feed
ingredients than it was in 1977. The study
demonstrated that farmers and ranchers are
committed to sustaining their industry as well as
natural resources and wildlife conservation. New
efforts being led by cattlemen will take this
commitment to the next level.
You can read more of Richard's take
on the issue of sustainability by clicking
here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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