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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 $11.66 per bushel at the Northern
Ag elevator in Yukon. Other locations are
included in the Oklahoma Cash Grain report- click on the
link just above.
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 5,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
2012
Farm Bill Set to Move Forward on Senate Floor,
Stabenow Says
Senator
Debbie Stabenow, chairwoman of
the Senate Agriculture Committee, told reporters
that the Senate's version of the 2012 farm bill is
inching closing to debate on the Senate floor. She
told reporters in a conference call that Senate
President Harry Reed has agreed to move the bill
forward this week. We have audio highlights of
that media teleconference- which you can jump over
to by clicking on the link
below.
Stabenow said she is
pleased with the bill in its current form and that
it does contain major reforms.
"In our
judgment this represents the most significant
reform in agricultural policy in decades. It
reduces the deficit by $23 billion as my good
friend the chairman of the budget committee would
say that's real cuts, not smoke and mirrors. It's
real cuts. It's real reform. Bottom line in the
reforms is that the era of direct payments is
over. We're not going to be paying for crops they
don't grow and we're not going to be paying
farmers when they are already doing very
well."
Stabenow said the bill will not just
impact farmers and ranchers, but that some of its
major provisions will go much further.
"In
it we also are protecting families from sudden
spikes in food prices. When we look at the fact
that we have the safest food supply, the most
dependable and affordable food supply in the
world, this is a very important part of the
construct when we are looking at reform in food
and farm policy."
You can read more about the farm
bill's progress in the Senate as well has hear
more from Senator Stabenow by clicking
here.
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Sponsor
Spotlight
It is great to have as a regular
sponsor on our daily
email Johnston
Enterprises- proud to be serving
agriculture across Oklahoma and around the world
since 1893. As harvest continues to roll, Johnston
reminds you that all of their 22 country elevators
including our Billings location are currently
taking grain! Click here for their website,
where you can find the location nearest you and
learn more about their seed and grain
businesses. W.B. Johnston Grain wishes
everyone a safe and successful
harvest!
Midwest Farm
Shows is our longest running sponsor
of the daily farm and ranch email- and they are
busy getting ready for 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.
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Canola
Harvest Complete, Wheat Condition Still Good
Despite Late
Rains
The
month of May topped the charts as the fifth
warmest and fourth driest on record according to
Oklahoma Mesonet data. Rains last week brought an
average of one inch of moisture across the
state.
Wheat
harvest made significant progress despite wet
fields. Hail and wind damaged some of the
remaining crop, but 73 percent was
reported harvested by Sunday. The
canola harvest is virtually complete- at
97% now harvested.
Fifty-two
percent of the Oklahoma wheat crop is listed in
good condition, 21 percent is fair, 20 percent is
in excellent shape and only seven percent is
listed as poor or very poor.
Click here for the complete Oklahoma
Crop Weather Update issued on Monday afternoon
by Will Hundl and the folks at NASS.
Kansas
is reporting harvest activity all across the state
with 36 percent of their crop in fair condition,
32 percent good, 24 percent poor or very poor and
eight percent in excellent shape.
Texas
also received rains last week, but 42 percent of
their remaining wheat crop was listed in poor or
very poor condition, 32 percent was fair, 19
percent was reported in good condition and only
seven percent was rated as excellent.
It's
interesting to note that the Kansas and Texas
numbers are not as advanced as the harvest
estimates provided by Plains Grains last Thursday-
Plains Grains estimated 41% complete in Texas- and
Kansas as being 25% done last Thursday.
Click here for the National Crop
Progress report- where you can see the rest of
the harvest figures to date- as well as spring
crop plantings and development along with pasture
and range conditions.
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Wheatwatch
2012: Spotty Rains Slow Harvest, But Combines Out
and Running
Spotty
rains around the state have slowed some combines
over the weekend, but most areas are out and
running this afternoon, reports Debbie
Wedel of the Oklahoma Wheat Commission.
Southwest
Oklahoma has a few producers that cut their own
wheat still in the field, but most in this area
should be thru by mid week.
Pond Creek,
Farmers Grain Company, is reporting over 6M
bushels taken in at their 14 locations. They
predict to be 65% complete today and will be close
to 100% complete by this weekend. Test weights are
ranging from 58 - 64 and yield are in the mid
40's.
Alva estimates to be 80% complete
and are reporting a great crop with very few test
weights below 60 and yields averaging 40 - 45
bushels per acre.
Wheat harvest is just getting
underway in the Panhandle. Click here to
read more.
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OGFA
President Urges Rejection of Changes to Shrunken
and Broken Standards
The
president of the Oklahoma Grain and Feed
Association has filed comments urging rejection of
new GIPSA standards for shrunken and broken
grains. Joe Hampton asked
Oklahoma's Secretary of Agriculture, Jim Reese,
and other farm organizations to join him in
opposing the implementation of the new
rules.
Hampton has completed a study of
grain shipments from Oklahoma over the past three
years which shows a majority of the state's wheat
crop could potentially be downgraded from U.S. No.
1 to U.S. No. 2 grade. Hampton said there is no
good reason for changing the designation and doing
so would unduly harm Oklahoma and Texas
farmers.
In a letter to the Grain
Inspection, Packes and Stockyards administration,
Hampton said, "It appears to us that this proposed
change will have an adverse effect on Oklahoma
wheat producers and shippers. The "one comment
from a wheat market development organization"
contained in the Federal Register recommending
this change apparently does not represent or does
not care about the interests of Oklahoma and North
Texas wheat producers and grain
elevators."
Click here to read the full text of
the letter from Joe Hampton.
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Culinary
Institute Beef Event Focuses on Value Cuts for
Satisfied Customers
At
a recent beef immersion and educational event at
the Culinary Institute of America at Greystone in
St. Helena, Calif., foodservice operators learned
about the power and versatility of beef. One such
attendee was Mark Rieth. He is
the corporate Chef at Sysco Corporation and their
senior manager of culinary development. In this
edition of the Beef Buzz, Rieth says he'll take
this information to the more than 70 chefs
throughout the Sysco Corporate world and outposts
around the country.
"What I like about
working with beef is the different ways we can
serve it and present it to our customer. Beef is
probably the number one protein that Americans
like to eat most, so therefore if we come up with
different ways of presenting it to them, different
styles, different textures, people want that umami
effect now in their flavors, so beef handles that.
Beef can handle many different flavors from
different cuts of meat and it also takes on many
different flavors by adding different seasonings,
dry rubs, or marinades."
Rieth says
opportunities like the Greystone event funded with
beef checkoff dollars don't come around very often
for people in his profession, so learning how to
affect taste and dining experience for his
customers was invaluable.
You can hear more of the Beef Buzz
and what Mark Rieth learned by clicking
here.
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Derrell
Peel Sorts Out Conflicted Beef Production Data
Cattle
producers and market analysts alike are trying to
sort out seemingly conflicted data on beef
production to understand what to expect in the
coming weeks. Oklahoma State University Extension
Livestock Marketing Specialst Derrell
Peel sorts through the numbers in these
week's Cow-Calf Newsletter:
Year to date
cattle slaughter is down 4.8 percent but feedlot
marketings this year are down only slightly.
Carcass weights are well above year ago levels
despite near record feed costs that should
minimize the incentives to hold cattle. Moreover,
high proportions of current feedlot marketings are
feeders placed at light weights which should also
imply lighter finishing weights.
There are
several factors affecting these apparent
inconsistencies. The first thing to keep in mind
is that we usually compare things to last year and
things have been anything but normal for many
months. For the coming months especially, the year
ago values that we will be comparing to were
greatly impacted by the drought so that the
comparisons will be harder to interpret. Moreover,
there are a variety of short term, medium term and
long term factors that are influencing slaughter
rand carcass weight data in a variety of
ways.
Click here to read more of Derrell's
analysis.
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This
N That- Mike Thralls Update and Oklahoma CRP
Signup Data
We
got an email yesterday afternoon from our friend
Mark Harrison of the Oklahoma
Conservation Commission- with excellent news from
Mike Thralls- the Director of the
agency- Mark writes "
We
are very pleased to report that Mike Thralls made
an appearance at the June 2012 Commission meeting
this morning accompanied by his daughter Angie. He
did not participate in his usual capacity but let
Ben Pollard, OCC assistant director, present OCC's
administration report. Mike did make a statement,
addressing participants. He said he is feeling
good, though he still tires easily, and that the
medical reports he is receiving are good. If all
continues to go well, he anticipates returning to
work, at least part time, in about three weeks and
hopes to return full time in about six weeks.
Again,
he extends many thanks for all the prayers and
kind wishes!"
******
We
reported to you a few days back about the national
CRP numbers for this coming fiscal year- which
with the new contracts that have been accepted
around the country- means a new drop in total CRP
acreage in the US down to around 27 million acres
in the coming fiscal year. At that point- there
was no state by state data available- but
Shelly Bilderback of the State
FSA office in Stillwater was kind enough to supply
us with the Oklahoma numbers- and they reflect a
shrinking CRP presence in Oklahoma as well- Shelly
writes "We had 1,351 offers for 172,555 acres
accepted.
"We had 175,954 acres offered -
So, we had 98% of our acres accepted. There
were 44 offers rejected for 3,399 acres.
There were 149,000 acres offered that were
expiring CRP.
"Overall we have
191,248 acres expiring this year and now have a
potential for 172,555 to be enrolled effective
October 1 (there will be a couple drop out) - so
that leaves us with 18,693 acres less for the
coming year resulting.
"We currently
have 817,343 acres and if we subtract 18,693 that
leaves us with 798,650 for FY2013. That is
the lowest number of acres we have had in CRP
since 1987, the second year of the program, which
had 557,343 acres."
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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