 |
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 $11.55 per bushel-
2012
New Crop contracts for Canola are now available at
$11.76 per bushel- delivered to local
participating elevators that are working with PCOM.
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.
| |
Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Tuesday, November
8, 2011
|
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured Story:
The
Most Significant Rain Event in a Year Rolls Across
Oklahoma
As
we write this early Tuesday morning, the great
majority of Oklahoma has received substantially
more than a inch of rain- extreme amounts are over
five inches of rain in Canadian County and in
southern Oklahoma near Ardmore, Madill and
Sulphur.
Being
left out is much of the Panhandle, with Kenton's
Mesonet station only showing .12 of an inch as of
5:30 this morning- while the stations down in
McCurtain County have a few hundredths of an inch
of rain.
There
has been severe weather as well- tornadoes sprung
up in southwestern Oklahoma- our friends at News9
got spectacular footage of the twisters rolling
through the Wichita Mountains- click here to take a look. Other
locations had hail- and there was more shaking
during a thunderstorm as central Oklahoma had yet
another earthquake measuring 4.7 was felt about
8:45 pm. Folks on Twitter were joking- wondering
what the Emergency recommendations would be from
Uncle Sam when a tornado is bearing down on you as
you have an earthquake-
The
constantly updated rainfall totals for this storm
for the state can be checked by clicking here- these totals come
from all rainfall from the last 72 hours.
|
Sponsor
Spotlight
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.
It
is also great to have as an annual sponsor on our
daily email Johnston Enterprises- proud to
be serving agriculture across Oklahoma and around
the world since 1893. One of the great success
stories of the Johnston brand is Wrangler
Bermudagrass- the most widely planted true
cold-tolerant seeded forage bermudagrass in the
United States. For more on Johnston Enterprises-
click here for their
brand new
website! |
Oklahoma
Crop Weather Update - Row Crop Harvesting Picking
Up
The
latest Oklahoma Crop Weather Update says row
crop harvesting is gaining momentum saying-
" Additional rainfall last week kept crop
progress for wheat, rye, oats and canola on track.
Although the state continued experiencing severe
drought conditions, the recent rains have reduced
the percent of the state under exceptional drought
conditions. The November 1 U.S. Drought Monitor
reported 42 percent of the state remaining under
exceptional drought conditions, down from 55
percent reported on October 25th and 64 percent on
August 2nd.
When
it comes to fall-planted crops- "With most of the
fall crops planted and emerged, temperatures and
precipitation are in control for the 2011-2012
season. Conditions for wheat, rye, and canola
continued to be rated mostly good to fair. Wheat
planting reached 95 percent complete, up five
points from the previous week, with 81 percent
emerged. Canola emerged reached 92 percent, up six
points from last year.
Harvest
activity increased for all crops from the week
before. Sorghum, soybeans, and peanuts remained
behind the five-year average and cotton harvest
was on track with the five-year average. Sorghum
coloring was 96 percent complete by the end of the
week. Eighty-eight percent of sorghum had matured,
and 52 percent was harvested by Sunday, five
points behind normal. Soybeans mature reached 85
percent complete by Sunday, and 56 percent of
soybeans had been harvested, four points behind
normal. Ninety-five percent of peanuts had matured
by week's end, and 80 percent were dug, nine
points behind the five-year average. Sixty-two
percent of the peanuts had been combined by week's
end, 11 points behind the average. Cotton plants
opening bolls reached 95 percent complete and 44
percent of cotton had been harvested by week's
end."
With
this year's hay season coming to an end, hay
continued to be in short supply. Third cuttings of
alfalfa were 72 percent complete, and 18 percent
of the state had completed a fourth cutting,
compared to a five-year average of 100 percent. A
second cutting of other hay was 58 percent
complete by Sunday, 30 points behind normal.
Click here for the complete Crop
Weather Update as of Monday, November 7,
2011. |
Oklahoma
Increases Visibility in International Pork Market
and Exports Continue to Rise
Pork
exports for the U.S. have had a tremendous amount
of growth over the past year. With pork exports up
about 18% for the 2011 year since 2010,
Roy Lee Lindsey with the Oklahoma Pork
Council says this year was even better
for pork exports than last, which was still an
exceptional year.
The month of August came
in with pork exports up 43% over August of 2010,
which Lindsey says is an almost unheard of number
with only one other month in history where exports
increased more. Lindsey adds that almost 20-21% of
all the pork that is produced in the U.S. is
exported.
Lindsey says the access to these
international markets is really what is helping to
hold the price that producers are being paid at a
steady price. Also, Lindsey adds that where we are
at production costs is that the domestic demand
has gone down slightly in August and September,
while the worldwide demand for pork has continued
to increase.
Click here to listen to our
conversation with Roy Lee Lindsey.
|
Recent
Rainfalls Play Different Roles for Wheat and for
Cattle
Much
of Oklahoma has received significant rain in the
past couple of weeks and more is expected this
week. According to Dr. Derrell
Peel, Oklahoma State University Extension
Livestock Marketing Specialist, the rain has
improved everyone's mood and any rain anytime is
appreciated at this point. However, the real value
of the rain in the short run depends on who and
where you are.
From a
wheat crop perspective, the rains are very
beneficial and have improved crop conditions. Last
week, the percent of wheat emerged had nearly
caught up to the average for the date and only 15
percent of the crop was rated in poor or very poor
condition.
It
does appear that some wheat will be available for
grazing and some will be grazed despite being
smaller than optimal because of the desperate need
for feed. Most of the wheat will be used for cows
and perhaps replacement heifers rather than for
stockers, especially purchased stockers.
Click here for more from Dr. Derrell
Peel on these recent rainfalls.
|
Biodiesel
Industry Pleased with Supreme Court Decision on
Renewable Fuels Standard
The
National Biodiesel Board, the U.S. trade
association representing the biodiesel industry,
released the following statement Monday after the
U.S. Supreme Court announced that it has rejected
a petition from the National Petrochemical and
Refiners Association and the American Petroleum
Institute challenging the EPA's Renewable Fuels
Standard.
"The RFS program is working just
as Congress intended. It's creating jobs across
the country. It's breaking our addiction to oil.
It's helping clean our air, and it's reducing
greenhouse gases," said Anne Steckel, NBB's vice
president of federal affairs.
"This
year alone, the biodiesel industry is on pace to
produce at least 800 million gallons of advanced
biofuel while supporting more than 31,000 jobs.
We're pleased to see the Supreme Court put an end
to this litigation as we continue building a
strong U.S. biodiesel industry."
Click here for more from the National
Biodiesel Board on the
RFS. |
Southern
Soybean Farmers Gain Weed Management Options with
Roundup Ready Plus
Soybean
farmers in the South will have more choices for
managing weeds and earning financial incentives
under the 2012 Roundup Ready PLUS® Weed Management
Solutions platform, Monsanto Company announced.
Valent's Cobra and Phoenix and Syngenta AG's
Flexstar herbicides will provide additional
post-emergence weed control and can earn farmers
$3/acre, $3/acre and $2/acre,
respectively.
The Roundup Ready PLUS
platform serves as a resource for recommendations
on weed management in Roundup Ready crops backed
by third-party endorsements, and offers incentives
to farmers for using multiple modes of action in
their weed control systems. Soybean farmers can
receive up to $10 per acre in incentives under the
2012 platform.
"Roundup
Ready PLUS continues to improve based on academic
recommendations and farmer experience," said Chris
Reat, Roundup Marketing Manager.
Click here for more on Roundup Ready
Plus. |
Farmers
Have Consistently Produced Themselves out of
Prosperity - What About This
Time?
Dr.
Darryl Ray with the University of Tennessee
released the following opinion editorial article
concerning the possibility of over-production in
agriculture. Dr. Ray was formerly a professor at
Oklahoma State University in the Agricultural
Economics Department. The following is his
article.
"In reading Jerry Hagstrom's
report on a 3-day conference, Agriculture
Investment Summit for the Americas, we were struck
by the witty insight of Jason Henderson when he
said, "I have never met a farmer who is unwilling
to produce himself out of prosperity."
In
that one sentence, Henderson, executive vice
president of the Omaha branch of the Federal
Reserve Bank of Kansas City, summed up what
agricultural economists have long known.
Historically, the production of agricultural
crops, sooner or later, outruns demand, resulting
in multi-year periods of low prices. The same is
true in the shorter-run for livestock, although
producers there adjust production much more
quickly than crop producers resulting what have
historically been hog and cattle
cycles."
Click here for the rest of Dr. Ray's
article on prosperity.
|
|
God Bless!
You can reach us at the following:
phone: 405-473-6144
| | |