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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.
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 12,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
April Pork Exports Remain
Strong; Best Month of 2012 for Beef
Exports
April
exports of U.S. pork were up slightly in volume
(183,618 metric tons) from a year ago and 4
percent higher in value ($509.2 million), keeping
2012 exports ahead of 2011's record pace. Through
the first four months of the year, pork exports
stand 6 percent higher than last year in volume
(781,676 metric tons) and 16 percent higher in
value ($2.17 billion), according to statistics
released by the USDA and compiled by the U.S. Meat
Export Federation (USMEF).
April was the
strongest month so far this year for U.S. beef
exports, despite a decline of 8 percent in volume
(94,734 metric tons) compared to last year. April
export value was $469.6 million - 9 percent higher
than a year ago. From January through April, beef
exports were up 6 percent in value to $1.72
billion despite a 10 percent decline in volume
(361,122 metric tons).
On a
per-head-slaughtered basis, April pork exports
equated to $57.69 - down slightly from the first
quarter of this year but still more than a dollar
higher than in April 2011. For the first four
months of this year, exports equated to $58.84 per
head.
April exports of pork muscle cuts
equated to 24 percent of production, 27.7 percent
when including both muscle cuts and variety meat.
These ratios were roughly the same as April 2011
and slightly lower than the first quarter of this
year.
Click here for more of the April meat
export report.
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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.
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. |
Is
Increasing Demand Driving Improving Wholesale Beef
Values?
Rising
wholesale beef prices could be due to several
factors says Derrell Peel,
Oklahoma State University extension livestock
marketing specialist. He offers his latest
analysis courtesy of this week's Cow-Calf
Newsletter:
The Choice boxed beef cutout
value was $197.16/cwt. last week, the second
highest weekly average this year and only
$1.35/cwt. below the early March peak. Choice
values have made a strong rebound after dropping
to a weekly low of $177.79/cwt. in mid-April.
Currently, Choice boxed beef is 13 percent higher
than the same time last year. The latest Select
boxed beef weekly average was $185.01/cwt., up 10
percent from one year ago at this time.
The Choice-Select spread has widened
sharply in recent weeks, which is the typical
seasonal tendency at this time of year. The latest
boxed beef values increase the Choice-Select
spread to $12.15/cwt., about double the $6.03
spread this time last year. The spread is also
above the five year average level of $10.13/cwt.
(for this time of year), which represent the first
time the spread has exceeded the five year average
weekly level since the first week of January.
Thus, the Choice-Select spread has gone from a
seasonal low in late March of $0.30/cwt. (well
below the average seasonal low) to current levels
above the average level for this time of
year.
For more of Derrell's beef market
analysis, click here.
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2012
Oklahoma Wheat Harvest 90% Done- Texas and Kansas
Hit the Halfway Mark as Early Harvest Trend
Continues
Ninety
percent of the winter wheat crop in the state of
Oklahoma was harvested by Sunday, the new USDA
Crop Progress and Condition Report notes. That's
54 points ahead of the five year average. Many
parts of the state received rainfall last week. You can read Oklahoma's report by
clicking here.
Texas
farmers were battling rains last week with some
areas of the Panhandle receiving more than three
inches. Harvest continued in many places, with 50
percent of the crop now in the bin. That's ten
points better than last year at this time, and 20
points above the five-year average. The Texas Progress and Condition
Report is available by clicking
here.
The
weather in Kansas was a little drier than its
southern neighbors, and producers made a good run
at getting the crop in. Fifty-three percent of the
wheat acres have been harvested, an increase from
20 percent last week. The five year average for
the same date is just two percent. Click here for the full report from
Kansas.
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Food
Distributors Behind Gestation Crate Bans Might
Want to Review the Facts, Lindsey Says
Recent
announcements by food giants McDonald's and Kroger
have roiled the pork industry. Both companies, as
well as other smaller food distributors and
retailers, have stated they will source their pork
only from producers who do not use individual sow
housing.
Kroger did not set a time limit,
but McDonald's put the pork industry on a deadline
of ten years.
In calling for gestation
crate bans, the food industry has bowed to
pressure from animal rights groups, says
Roy Lee Lindsey, executive
director of the Oklahoma Pork Council. Lindsey
spoke at length with us recently about the
effect of these announcements on the pork
industry. He said these decisions are not based in
science, not based in economic reality, and will
cause difficulties without any real increase in
animal welfare.
Click here to check out the in-depth
discussion with Roy Lee Lindsey on this hot-button
issue.
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Choice
Boxed Beef Prices Mostly Steady, Finished Cattle
Up, Czerwien Says
In
this week's beef report with Ed
Czerwien, we saw the choice cut market
end the week at $196.94 cwt, which was only
.25 lower comparied to the previous Friday. During
the post-holiday week, the spot load for the
choice cuts was 1,161. The total volume for all
cuts was 7,438 loads as retailers began restocking
shelves after the Memorial Day holiday.
The general trend in the finished cattle
trade was $1.00 higher with instances of $2.00
higher than the previous week, with live sales in
Texas and Kansas selling at $122.00 cwt and $123
to $124 in Nebraska. Dressed sales were $195 to
$196 cwt.
The average live weight from the
Texas Panhandle was 1,245 pounds, nine pounds
heavier than a week ago. The average live weight
continues to increase.
Check out Ed's full audio report by
clicking here.
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Can
Cattle Producers Continue to Ignore Crossbred
Advantages?
In
the second part of a four-part Beef Buzz series,
Dr. Dave Lalman from Oklahoma
State University, talks about how chasing higher
carcass quality through purebred cattle may
actually be losing producers dollars in lower
efficiency. Lalman spoke at the recent
Alltech International Symposium on the Future of
Agriculture held in Lexington, Kentucky.
He
says the two states with the most beef cows, Texas
and Oklahoma, are the two fastest growing Angus
registration states in the nation.
He says
carcass grade has undoubtedly improved because of
this trend, but the trend may, in fact, cost more
than any perceived gains.
Lalman says that
since the 1960s the cattle industry has decided to
pass on the efficiency of cross
breeding. He says that's a
decision the industry might want to
revisit.
Catch more of today's BEEF BUZZ by
clicking here.
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Agritourism
Bus Ready to Roll Through Northeast Oklahoma
The
Oklahoma Agritourism Program will
roll through northeast Oklahoma Thursday, June 28.
Registration is open for this traveling workshop
which includes networking opportunities between
tours of agritourism attractions. Participants on
the chartered bus will have time to stimulate new
ideas and get to know other entrepreneurs who may
become future business partners.
The
rolling workshop will focus on U-Pick farms where
customers come onto a farm or ranch to pick
produce such as peaches, blueberries,
blackberries, raspberries and more. U-Pick farms
are a popular category of agritourism
enterprise.
The
bus tour will feature Thunderbird Berries, Livesay
Orchard, Stone Bluff Cellars and Owasso Tree and
Berry Farm. This lineup will give participants
access to incredible ideas from various U-Pick
farms and an outstanding agritourism
winery.
Click here to learn more about the
2012 tour- and how you can sign up to ride
along.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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