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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma's latest
farm and ranch news
Your Update from Ron
Hays of RON for Wednesday, July 20, 2011 A
service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS
Futures!
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-- Canola Producer Making 2012 Plans With Rain Expectations
-- National Cotton Council and Others Urge Resolution of Budget
Issues
-- Agriculture Chairman Frank Lucas Tells U.S. Chamber of Commerce
the Dodd-Frank Act Needs Changes
-- 2011 Drought in Pictures- A Corn Crop on Its Last Legs
-- Cost Management is a Vital Part of a Successful Cow-Calf
Operation
-- No-Till Conference Coming up This Week
-- Cow Market Pipeline Clogged- Prices Fall
-- Let's Check the Markets!
Howdy Neighbors! Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. 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. 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 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. | |
Canola Producer Making 2012 Plans With Rain Expectations ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ There was a
good crowd at the first of two meetings planned for the 7th Annual Winter
Canola Conference held by Oklahoma State University- yesterday the meeting
was held as it traditionally has been in Enid- today- they move on to
Lawton. Farmers that came to the Enid meeting were weighing their options-
trying to decide if they try winter canola on some of their acres in the
fall of 2011- do they stick with wheat- or do they let the acres go fallow
to try to conserve winter moisture and then come back next spring and try
a spring planted crop?
One of those in attendance and a part of the program both days was Jeff Scott, one of the veterans in the state when it comes to planting winter canola- he has been working with the crop since it first came on the southern plains scene about eight years ago. We turned the video camera onto Jeff and he provided us with an excellent mid summer canola update of what he is doing to get ready fort he planting of the 2012 canola crop come late September into early October. This Canola TV update is a part of our ongoing effort with PCOM to provide information about winter canola production here in the southern great plains. We have a Canola TV page on our website- where you can review previous Canola TV updates- and you can also click here to jump over to our YouTube channel for WinterCanola TV. You can watch all of the previous reports there as well. Click on the LINK below for today's edition of CanolaTV, featuring Jeff Scott as we chatted with him at the Hoover Building on the Garfield County Fairgrounds in Enid. | |
National Cotton Council and Others Urge Resolution of Budget Issues ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The National
Cotton Council joined 33 other organizations on a letter to President
Obama and House and Senate leaders seeking prompt action on the debt
ceiling/deficit reduction negotiations that does not require
disproportionate cuts in agriculture and related programs.The agriculture and agribusiness organizations also emphasized the importance of allowing House/Senate agriculture committees' members determine where modifications and reductions are made because these Members have the expertise to best evaluate specific programs. The groups' letter stated that, "Agriculture is prepared to take a
proportionate share of budget cuts provided everything is on the table.
Last year, agriculture absorbed a net $6 billion reduction, according to
the Congressional Budget Office, thus making it clear we have and will do
our part to help with spending and deficit control." Click here to read a copy of the letter sent by NCC and others. | |
Agriculture Chairman Frank Lucas Tells U.S. Chamber of Commerce the Dodd-Frank Act Needs Changes ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rep. Frank
Lucas, Chairman of the House Agriculture Committee, gave the keynote
address on July 19, 2011 at an event of the U.S. Chamber of Commerce
Center for Capital Markets Competitiveness (CMMC) to mark the one year
anniversary of the enactment of the Dodd-Frank Act. Chairman Lucas and Members of the House Agriculture Committee have exercised oversight responsibilities of the implementation of Title VII of Dodd-Frank since the beginning of the 112th Congress. Lucas has maintained that the far-reaching impact it will have on the U.S. economy should not be underestimated and requires that the Commodity Futures Trading Commission (CFTC) use a thoughtful and deliberative process for implementation. You can read a selection of Chairman Lucas's comments, titled "From Rhetoric to Reason: Bringing Balance to Financial Regulations," in the section below. "I'd like to be clear from the very start: I am not here to tell you
that we need to repeal Dodd-Frank. But I am here to tell you that we need
to make some changes. Click here to read the rest of Chairman Lucas's comments to the U.S. Chamber of Commerce | |
2011 Drought in Pictures- A Corn Crop on Its Last Legs ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ While a few
corn fields across the state have been able to progress towards producing
a grain crop in 2011- the majority of Oklahoma's dryland corn looks
similar to this field we captured in pictures on Tuesday, July 19 in
northeastern Canadian County, between Piedmont and Edmond.
Just down the road, we saw a producer cutting a very similar corn field to get it ready to be baled. We'll talk a little more tomorrow about how our spring planted crops are doing with the extended dry weather we have been battling- at least from a north central/northwestern Oklahoma perspective as provided by Roger Gribble, OSU Extension area agronomist. We talked with Roger yesterday and will share his thoughts on our website later today and in our email tomorrow. Click on the LINK below to jump over to the website and take a look at this parched and pretty well gone field of corn. Click here to see the drought in action- dying corn in Central Oklahoma. | |
Cost Management is a Vital Part of a Successful Cow-Calf Operation ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We talked with
Kansas State University Livestock Economist, Kevin Dhuyvetter, about what
factors make a cow-calf producer more profitable than another. Dhuyvetter
says you can look at a few characteristics of the operations, such as how
big is the operation, how diversified is the operation and how heavy are
the cattle on the operation.Of course, the biggest part of managing a cow-calf operation is proper cost management. Dhuyvetter says this proper cost management is important for running a successful operation. There are a lot of fixed costs with cattle operations and the costs are more important than income says Dhuyvetter. Also, producers that are specializing and focusing more on their
cattle, rather than a diversified operation with cattle and crops, are
making more money says Dhuyvetter. However, Dhuyvetter also says that this
recent report also confirms that the producer that is the most low cost
producer has a better chance of being a high profit cow-calf producer.
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No-Till Conference Coming up This Week ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The No-till
Oklahoma is a conference designed to bring the latest developments in
No-till cropping systems to interested farmers and ranchers from Oklahoma
and surrounding states. A program of innovative speakers providing for
maximum interaction between agriculture professionals ranging rom
producers to industry experts.The No-Till Oklahoma Conference will be held July 22 - 23, 2011 in Norman, Oklahoma. The conference hopes to provide topics for discussion by producers in Oklahoma in "General Sessions" but also through breakout sessions so participants can attend and participate in discussions that are of most importance to them. Topics for the No-Till Conference include Fertility, Managing Soil Acidity, How, When, and Where to use Tissue Testing, Crop Production - No-till Cotton, Wheat, and Corn/Soybean, Intensifying the Rotation with Double Crops, Soil Biology, Intensified Management, Zone and Grid Soil Sampling, and Basic Soils. Click here for more information from No-Till Oklahoma at Oklahoma State University | |
Cow Market Pipeline Clogged- Prices Fall ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We have been
hearing more and more reports of producers trimming back at least some of
their mama cows in order to have enough feed left to feed those that
remain on the ranch. That scenario has resulted in slaughter cow and bull
markets to tumble.
At the Tuesday cow run at the Oklahoma National Stockyards, there were
over 1,500 cows and bulls- and slaughter cow prices fell eight to twelve
dollars a hundred compared to a week ago. The market reporters offered
this bit of flavor on the Tuesday market situation- "The hot weather is
finally taking a toll on the packer market as packing houses are unable to
keep up with the onslaught of cows and bulls coming off of dry
pastures." Last week, there was over 2,700 head of cows and bulls in Woodward- prices there a week ago were slightly higher- when the report from yesterday comes out- it's likely to show a lower cow and bull market there as well this week compared to last. | |
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE! We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe. | |
Let's Check the Markets! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We've had
requests to include Canola prices for your convenience here- and we will
be doing so on a regular basis. Current cash price for Canola is $12.98
per bushel, while the 2012 New Crop contracts for Canola are now available
are $12.86 per bushel- delivered to local participating elevators that are
working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link: | |
God Bless! You can reach us at the following: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: ron@oklahomafarmreport.com
phone: 405-473-6144
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