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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!
Our
Market Links are a service of Oklahoma Farm Bureau
Insurance
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:
Cash
price for canola was $10.56 per bushel- based
on delivery to the Northern AG elevator in Yukon
yesterday. The full listing of cash canola bids at
country points in Oklahoma can now be found in the daily
Oklahoma Cash Grain report- linked 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
Wednesday, October 3,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
HSUS
and Pacelle Take Gestation Crate Fight to Tyson
Board Room
Wayne
Pacelle, president and CEO of the Humane
Society of the Unites States has announced he will
seek a seat on the board of directors of Tyson
Foods. He said his goal is to convince the
Springdale, Ark., company to phase out its use of
gestation crates. In his bid to change the
corporate culture of Tyson, Pacelle has enlisted
billionaire corporate heavyweight Carl Icahn to
help him get a seat at the table.
"I've
been a vegan for 28 years now. So it feels a
little strange for me to be running for a slot on
the board of directors of Tyson Foods, the
second-largest meat company in the world and one
of the behemoths of industrialized agribusiness,"
Pacelle said. "But that's exactly what I announced
today. And I did so with the support of a new
ally-billionaire investor Carl Icahn, who has
re-engineered some of the biggest companies in
America."
HSUS has been pressuring pork
producers to eliminate the use of gestation crates
in their operations. Smithfield Foods, Hormel
Foods, and Cargill have already begun to phase out
individual sow housing or have committed to a
timetable to eliminate it.
Pacelle
approached Icahn to help him gain a position on
the Tyson board, but Icahn said "it would be
extremely difficult to elect him as a director
through a proxy fight." Still, Icahn elected to
throw his considerable weight behind the HSUS bid
because, "Eliminating those crates will both
prevent cruelty to animals, and will improve
Tyson's business prospects by putting the company
on an equal competitive footing with the bulk of
the industry that is already rejecting gestation
crates."
Click here for more on this
developing story.
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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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AFR
Thankful as Farm Transportation Exemption Takes
Effect
On
Oct. 1, a new federal law easing the regulatory
burden on agriculture producers transporting
supplies and commodities took effect. American
Farmers & Ranchers (AFR) was instrumental in
the beginning stages of the legislation and has
continued to support the Oklahoma congressional
delegation that introduced and sponsored the
bills.
AFR congratulated
the members of the Oklahoma congressional
delegation who were instrumental in the success of
this legislation and thanked Sen. Inhofe, Reps.
Lankford and Boren, and former Rep. Fallin (now
Gov. Fallin) for filing legislation that supports
Oklahoma's agriculture
industry.
The new law is
a part of a surface transportation measure that
Congress recently approved. While the complete
measure addresses several transportation issues,
two provisions are of significant importance to
the Oklahoma agriculture
industry.
You can read more by clicking
here.
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Wheat
Pasture Expectations Low, But Grain Prospects
Still Good, Edwards Says
Rains
across much of Oklahoma over the last week have
kicked wheat planting into high gear and Extension
Wheat Specialist Dr. Jeff Edwards
spoke with us about progress and last minute
considerations.
"Our producers
are playing a little bit of a game of catch up. We
had a really dry September. We had some wheat
dusted in and a few places, maybe, had enough
moisture to get a stand but that dual-purpose
wheat that we normally plant in September just
didn't happen."
He says a lot
of producers were hoping for rains earlier in
September to produce ample wheat pasture and their
expectations now are generally
low.
"We were in a similar
situation last year and I had very low
expectations in terms of wheat pasture and the
year turned out to be a good one in terms of wheat
pasture. But if we have anything close to a normal
year, I have fairly low expectations for wheat
pasture in the state of Oklahoma."
Edwards has a lot more to say and you
can read more and here our full interview by
clicking here.
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Good
Stockmanship, Good Facilities Important, Pate
Says
Proper
facilities for caring for a beef cattle herd are a
necessity. Pens, chutes, fences, gates and
alleyways can cost a little or a lot. You can
spend a whole lot or a little. Curt
Pate, a leading low-stress
cattle-handling advocate, says in the second part
of our Beef Buzz series with him, that
well-planned, serviceable facilities are crucial,
but need not break the
bank.
"Facilities are very,
very important. Having good facilities is the
responsible thing to do. But, how much facilities
can you have and still be profitable? That's
important, too. So, the higher the level of our
stockmanship becomes, the less we depend on our
facilities. I think you need an absolutely good
chute, whether it be a hydraulic or a good manual
chute and good lead up facilities for working into
the chute. After that, everything's a
bonus.
"If you're handy
enough and your cattle work properly, I sometimes
think it's better to have an electric fence set up
where you can't put any pressure on those animals
out there with the pens, you've got to rely on
skill. But then once you get them up into that
area where the animals are going to be restrained
and they're going to have quite a bit of pressure
put on them, we should have that as safe an
environment for the animals and the working people
at that time."
Click here for the latest from Curt
Pate on the Beef Buzz.
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Red
Ink Continues to Gush From Hog Farm Operations,
Purdue Economist Says
Purdue
University Extension Economist Chris
Hurt says pork producers should be
prepared to weather the financial storm for at
least another six months.
Pork
producers are expected to continue to suffer very
large losses in the next six months after already
operating in the red for the last six months.
These large losses have been brought on by the
extreme feed prices due to the drought. There is
little producers can do to change the overall
situation for the industry since the pigs that
will represent these large losses are already
on-feed. The pigs that are here today represent
producers' plans earlier this year when they were
hopeful for $5 corn prices.
In
the spring of 2012, producers were optimistic that
cheap corn was going to arrive by the fall and
were expanding the breeding herd. That optimism
faded quickly after mid-June when the reality of
drought became apparent. The drought turned
optimism into fear and producers then shifted to a
liquidation mode during late July and August. By
early September they had reduced the size of the
breeding herd by 74,000 (1.3 percent) compared to
the USDA June inventory estimate. In September,
weekly sow slaughter estimates indicated a slowing
of the liquidation, with sow slaughter only
slightly larger than a year ago. Some follow
through on sow liquidation appears to be likely as
farrowing intentions are down nearly three percent
for the fall and two percent for this coming
winter.
You can find more of Chris Hurt's
analysis of economic pains in the hog industry by
clicking here.
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Examining
the Economic Prospects of Wheat Pasture
Production
Writing
in the current Cow-Calf Newsletter,
Derrell S. Peel, Oklahoma State
University Extension Livestock Marketing
Specialist, examines the ramifications of current
rains on wheat pasture
prospects.
Much of Oklahoma has
received significant rain in the past week that is
particularly timely for winter wheat pasture
prospects. The rains occurred in some of the
driest areas of the state including the south west
and south central regions. However, the northern
tier counties received little rain and remain very
dry. In all cases the rain does not solve the
underlying drought conditions and additional
moisture will be needed soon for continued wheat
development. USDA-NASS reported last week that 21
percent of the Oklahoma wheat crop was planted, up
sharply from this time last year (and from a week
earlier) but just equal to the five year average
for this date.
A
significant portion of wheat pasture may be used
to support cows this winter, much as it did last
year. Many cow-calf producers are short of pasture
and hay for the winter. Limit grazing wheat
pasture combined with limit feeding hay is a good
way to stretch hay supplies and minimize expensive
supplemental feed needs. Although more labor is
required for this type of feeding program, it may
be a good investment relative to hay and
supplement feed costs.
Click here for more from Derrell
Peel.
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Tulsa
State Fair Junior Livestock Show Gears Up
Later
today, the 2012 Junior Livestock show of
the Tulsa State Fair kicks into road gear
with the start of the barrow, lamb and meat goat
show- barrows and lambs start at noon and the
goats begin their show schedule at 1 pm.
The
show continues on Thursday morning at 8 am- with
the Steers added to the mix and their competition
tomorrow morning.
In
recent years- Brandi Herndon and
her team have added an element at the Tulsa State
Fair for the junior livestock show- what they call
their "Night of Champions" where they salute the
winners from Wednesday and Thursday in a special
presentation that begins at 7 pm.
The
grand finale for the young people is the premium
auction of the top animals- and this sale is the
fall equivalent to the premium auction of top
winners each March at the Oklahoma Youth Expo- a
lot of the same young men and women that you see
each March will often be bringing animals into the
sale ring at Tulsa. Sale time is 11 am Friday
morning.
Last
year- the Grand Champion Steer sold for $40,000 to
long time Tulsa State Fair show supporter LC
Neel. The Grand Barrow sold for $13,000, the
top Market Lamb brought $8,500, the Meat Goat
Champ sold for $10,000 and the set of top Broilers
were the priciest per pound at $7,000.
Click here for more details from
the Tulsa State Fair website of this year's Junior
Livestock Show- and we hope to see many of you
Thursday night and Friday morning at the 2012
Tulsa State Fair.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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