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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 $11.68 per bushel at the Northern
Ag elevator in Yukon as of the close of business
yesterday.
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 19,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Bailey Ballou of Elgin, Oklahoma
Claims World Livestock Auctioneer
Championship
Bailey
Ballou of Elgin, Okla. proved his
world-class status as a livestock auctioneer at
the Livestock Marketing Association's (LMA) World
Livestock Auctioneer Championship (WLAC) held in
Turlock, Calif., on Saturday, June
16.
Raised in southwest Oklahoma on a dairy
farm, Bailey attended livestock auctions with his
grandpa. Like many children, he was enamored with
the auction chant and would try to emulate it
while at play. When he realized, as an adult, that
he would like to make a career of the art of bid
calling, he set out for auctioneering school in
Missouri. That was in 2003.
Nine years
later, he assumes the title of 2012 World
Livestock Auctioneer Champion on his fourth
attempt, having competed previously in 2006, 2008
and 2010. He talked with the agricultural
livestock media on Monday afternoon- and we have
an audio report of his comments.
In
his acceptance speech, Bailey spoke of the
auctioneers that took him under their wing and
taught him the business. One of those early
influences was 1974 world champion Ralph Wade, who
let Bailey stay with him and worked with him as he
developed his abilities and world-class
chant.
Click here to read more about Bailey
Ballou or to listen to our audio
interview.
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Sponsor
Spotlight
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.
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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Beef
Industry to See Latest National Beef Quality Audit
Results in July
The
checkoff-funded National Beef Quality Audit,
conducted every five years since 1991, assesses
progress the industry makes on a variety of
production issues that ultimately affect consumer
demand for beef. Keith Belk,
Colorado State University, has been involved in
the development of the latest audit and says some
changes have been made in the way in which data is
collected and what kind of data is included in the
study.
Dr. Belk says that "We attempted to
change Phase One around this year, and Phase Two
actually, to collect a bit more data that was
maybe more modern using some of the technologies
that are now available to us. In Phase One, we
designed a survey where we used a software that
allowed us to dynamically route questions based on
the answers that respondents gave to various
questions. And in Phase Two for the first time,
have been able to collect a ton of data that
resulted from the use of instruments and
instrument grading systems."
Belk, our
guest on today's Beef Buzz, has been a part of the
National Beef Quality Audit process ever since
that first report was compiled back in 1991. He
tells us that this research continues to evolve
and change, but the effort has never deviated from
its original intent of improving producer
profitability.
Catch Dr. Belk and the Beef Buzz by
clicking here.
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Stocker
and Feedlot Margins a Study in
Contrasts
In
his latest column for the Cow-Calf Newsletter,
Oklahoma State University Extension Livestock
Marketing Specialist Derrell Peel
examines the economics facing stocker producers
and feedlot operators.
The stocker and
feedlot sectors provide a dramatic contrast in the
economics of two beef industry sectors. While the
stocker sector sees opportunities with strong
values for forage-based gains, the feedlot sector
is under increasing pressure as limited feeder
cattle supplies, high feed prices and excess
capacity combine to result in severe feedlot
losses. Cattle feeders are in a fight to the death
to see who survives the next couple of years.
Stocker production and cattle feeding are
margin operations where the principal determinant
of economic potential is the gross margin between
the value of purchased cattle versus the value of
cattle sold. Within that gross margin, all other
production costs have to be paid including feed,
veterinary and medicine cost, death loss, labor
and interest. The gross margin can be calculated
as a value of gain for both stockers and feedlots.
The value of gain is a useful way to compare
various stocker and feedlot systems using
different beginning and ending
weights.
Click here for more of Derrell Peel's
assessment of the current economics of stocker and
feeder margins.
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Wheat Harvest Nearly Over in
Oklahoma; Texas and Kansas Sprint Toward
Finish
The
early wheat harvest has allowed farmers to get a
jump on double cropping this year. The USDA's
Oklahoma Crop Weather report
shows wheat harvest completed in 96
percent of the state(versus the five year
average of just 56% normally done by this date!)
and planting for peanuts, soybeans, sorghum and
cotton 85 percent done.
You can read the full report for
Oklahoma by clicking here.
Kansas
farmers have harvested 80 percent of their winter
wheat crop, with the wheat still to be cut
mostly in western Kansas. Producers are two weeks
ahead of last year and again far ahead of the
average pace of just 7 percent complete by mid
June.
The Kansas Crop Progress and
Condition Report is available here.
Rains
continue to hamper wheat producers in some parts
of Texas, with 74 percent of the crop in the bin
as of Sunday. That's 28 points ahead of the five
year average.
The full Texas Crop Condition Report
is available by clicking here.
NATIONALLY-
the corn and soybean ratings declined for the
second week in a row- the good to excellent
ratings for corn dropped from 66% a week ago to
63% this week, while soybeans slipped from 60%
good to excellent to 56% in those same ratings
this week. To review all of the crops and the
snapshot of how they are doing as of June 18,
2012- click
here. |
A
Big Win for Chairlady Debbie Stabenow as She Gets
Pathway to Final Senate Farm Bill
Vote
A
massive 73 amendment deal was struck by the
Chairlady of the Senate Ag Committee,
Debbie Stabenow of Michigan and
Kansas Republican Senator Pat
Roberts yesterday- it was not a
"great deal" according to Senate Majority Leader
Harry Reid- but rather a "good deal" and one that
appears to have surprised the Democratic leader of
the Senate.
Crop
insurance and the Supplemental Nutrition
Assistance Program - or SNAP - are each the
subject of several of the amendments. Senator
Tom Coburn's amendment to reduce
MAP funding and Senator Jim
DeMint's amendment to make checkoff
programs voluntary are also on the list. There are
some amendments dealing with the issue of payment
limits as well.
However,
Senator Coburn's amendment that called for a limit
to Crop Insurance subsidies at $40,000 is
not included in the package of 73
amendments to see the Senate Floor- and neither is
the HSUS-UEP Hen Amendment, which would have
codified the deal between these two groups and put
into federal law how big the size of a cage for a
egg laying hen must be.
Our
friend and colleague Keith Good
in this morning's blog on FarmPolicy.Com
summarizes from a Roll Call article on the
deal- "The Senate will begin voting on the
amendments Tuesday afternoon, with the measures
that are relevant to the bill receiving a simple
majority approval and nonrelevant provisions
subject to a 60-vote bar.
"Sources
were cautiously optimistic that the
Senate will approve a bill that received a
bipartisan 16-5 vote out of
committee. But it is also clear that certain
regional disputes will be tougher to bridge and
that even if the Senate does pass the bill, the
road to the president's desk likely will be
difficult, if not impossible, with a
Republican-controlled House."
Click here for the Tuesday morning
blog as written by Keith who pulls together
multiple sources on this fast moving (for the
Senate) set of developments.
It
appears that staffers say it will be non stop Farm
Bill amendment debate later today and into
Wednesday- and they spoke of the possibility that
we could see a vote on the actual bill yet this
week.
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Timely
Rains, Moderate Temperatures Cooperate to Assist
Young Cotton Crop
Oklahoma's
cotton crop, as well as those in surrounding
states like Texas and Kansas, continue to grow
well due to timely rains and moderate
temperatures. In his June 14, 2012, issue of
Cotton Comments, Dr. Randy Boman
presents several items of interest to cotton
producers and those who are interested in what
occurs out where "the blacktop
stops." Here are some of his
comments on the state of the crop and use of plant
growth regulators on cotton that is growing
well:
We continue to obtain timely rainfall
events to keep much of the Oklahoma cotton crop
moving in the right direction. The Mesonet 10-day
precipitation map indicates about 2.33 inches of
rainfall has accumulated at Hollis, 3.61 at Altus,
2.17 at Tipton but only 1.45 at Grandfield. Other
areas farther to the north have acquired about two
inches. This is good news from the dryland
perspective and has allowed many producers to get
a crop established. The bad news is, in spite of
many days of somewhat seasonal temperatures, every
now and then we are hit with a "haymaker day" such
as June 10 with 109 degrees at Altus.
A
considerable amount of early to mid-May planted
cotton is beginning to square. Cotton in Caddo
County planted in strip tilled land looks
excellent, apart from some high wind events that
slightly "ragged up" an otherwise picturesque
crop.
You can read more of Dr. Boman's
analysis of the cotton crop and his
recommendations for growth regulators by clicking
here.
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CropLife
America Recognizes Importance of Healthy
Pollinators
CropLife
America (CLA) and the crop protection industry
join in kicking off the 6th Annual National
Pollinator Week, June 18 - 24, a celebration of
the vital role of pollinators. CLA and its
members, the manufacturers, formulators and
distributors of crop protection products,
recognize that bee health is vital to agricultural
production. Bees, birds, butterflies and other
pollinators pollinate more than 75 percent of the
country's flowering plants. Approximately one
third of all foods and beverages are dependent of
pollinators, representing nearly $20 billion on
crop value annually in the U.S. The health of
pollinators and honeybees, in particular, is of
serious concern for the agricultural industry and
demands ongoing scientific research in both the
public and private sectors.
"Every day in
agricultural fields and communities, growers,
beekeepers, and companies are working together to
find solutions that keep crops and bee colonies
healthy," said Jay Vroom, president and CEO of
CLA. "This starts with CLA member companies, who
are complying with the Environmental Protection
Agency's (EPA) testing requirements, including
laboratory and field tests for new crop protection
products to determine any potential impact on
pollinators. In addition, stakeholders can be
found working together on the local level to
address bee health issues. With support and
collaboration among all parties, the agriculture
industry will be able to better understand and
address bee health concerns."
Click here for more on this
story.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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