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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 $11.37 per bushel-
2012
New Crop contracts for Canola are now available at
$11.68 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.
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Friday,
January 13, 2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
US
Winter Wheat Seedings Jump Three Percent- Oklahoma
Plants Eight Percent More Than a Year Ago
The
USDA winter wheat seedings report shows almost a
million acres more of winter wheat has been seeded
for 2012 harvest compared to what pre report trade
estimates were anticipating.
The
report indicates a rebound in the heart of the
wheat belt- "Hard Red Winter (HRW) wheat seeded
area is about 30.1 million acres, up 6 percent
from 2011. Acreage is above last year's level in
all States in the HRW growing area except
California, Montana, Nebraska, and South Dakota.
The dry fall limited planting in South Dakota,
while winter wheat seeded area in Nebraska is a
record low."
For
our three key southern plains hard red winter
wheat states- Oklahoma seeded 8% more acres this
year versus the fall of 2010- USDA says that 5.5
million acres are in the ground versus 5.1 million
acres a year ago. Kansas also increased by 8%
versus a year ago- now standing at 9.5 million
acres. Texas jumped total wheat acres by 11%-
planting 5.9 million acres this past fall versus
5.3 million acres for the 2011 harvest season.
Click here for our story on the wheat
seedings report- it includes an interview with
OSU Wheat Marketing Specialist Dr. Kim
Anderson. We talk about not just the winter
wheat seedings- but also the other three USDA
reports of the day as well. Anderson tells
us when it comes to marketing advice- that this
report basically means that the "horse is out of
the barn" and he expected sharply lower wheat
prices yesterday- which is what we got. As a
result- he said don't be in a hurry to price the
2012 crop at this time- there is still a lot of
price risk ahead because of the worry over drought
conditions not being totally behind us
yet.
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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! |
As
for the Other Three USDA Reports of
Thursday...
Three
other reports were released Thursday morning by
USDA besides the wheat seedings report we
spotlighted above.
We
have details on each of them- first the wrapup
of 2011 crop production- showing smaller
spring planted crops in almost every case in 2011
versus 2010- grain sorghum took the biggest
percentage hit as reported by USDA- off 38% from a
year earlier in total production while the US
cotton crop dropped 13% year to year. Click here for our story on this
report- complete with links to the actual
numbers and charts as released by USDA.
The
NASS also released a year end grain stocks report.
USDA's numbers show that we have drawn down US
corn stocks by four percent compared to December
of 2010 and wheat stocks are off by 14 percent
compared to December 1, 2010. Soybean stocks have
increased, up four percent in the same time frame.
Click here to jump over to a summary
of this report- including links to the full
stocks report as released Thursday morning.
Finally,
the World Outlook Board released their monthly
supply demand stats- showing smaller corn and
soybean crops in Argentina, as well as a slightly
smaller soybean crop in Brazil. However, US grain
stocks are generally higher than what traders were
expecting- and the WASDE report generally added to
the bearish tone of the morning. Click here for our summary and
the link to the complete World Agricultural
Supply and Demand Forecasts for January 2012.
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The
Final Oklahoma Crop Production Numbers from 2011-
Including Details of Lowest Production Number Ever
for Cotton in the State
The
NASS field office that is located at the OKlahoma
Department of Agriculture in Oklahoma City issued
these final row crop numbers for Oklahoma
yesterday morning- and I thought you might like to
review them as well- they are just plain
awful.
Production
of corn for grain is set at 17.1
million bushels, down 61 percent from 2010.
Yield averaged 90 bushels per acre from 190,000
harvested acres, the lowest yield since
1981. Production of corn for silage is set
at 358,000 tons, up 12 percent from last year.
Silage was cut on 55,000 acres, the second highest
acreage after 1952.
Production of
grain sorghum is set at 1.7
million bushels, down 87 percent from a year
earlier. Yield averaged 21 bushels per acre
from 80,000 harvested acres. Sorghum production,
at 1.7 million bushels, is the lowest production
on record.
Cotton
production is forecast at 63,000 bales,
down 85 percent from last year. Yield averaged 432
pounds per acre from 70,000 harvested acres.
This is the lowest production and
harvested acreage since records began in
1894.
Soybean
production is set at 3.4 million bushels, down 71
percent from 2010. Yield averaged 13 bushels per
acre from 265,000 harvested acres, the lowest
yield since 1980.
Peanut
production is set at 59.4 million pounds, down 16
percent from last year. Yield averaged 2,700
pounds from 22,000 harvested acres.
Canola production for
2011 is set at 85.0 million pounds, down 5 percent
from the previous year. Yield averaged 1,000
pounds per acre from 85,000 harvested acres.
All sunflower production
is set at 5.3 million pounds, down 69 percent from
2010. Yield averaged 1,227 pounds per acre from
4,300 harvested acres.
Production of
all hay is set at 2.3 million
tons, down 61 percent from 2010. Yield averaged
0.93 tons per acre from 2.50 million harvested
acres, the lowest yield since 1956. The
yield for alfalfa hay is set at 1.30 tons per
acre, tied as the second lowest yield on
record. This resulted in the lowest
production on record, at 260,000 tons.
Production of all other hay is set at 2.1 million
tons.
Click here for the online version of
this report from the USDA's NASS office in
Oklahoma.
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Video
Update on Terrorist Attack on Harris Ranch in
California
We
have a new video that KMPH TV in central
California has posted that includes a Skype
conversation with a gentleman from the North
American Animal Liberation Press Office- saying
they are just the messenger for some individual
activists who he thinks have not really
committed any crime.
Click here for that video update from
our website.
Meanwhile,
Bill Donald, President of the National Cattlemen's
Beef Association sums it up well by saying that
this action is a situation where "Bad People were
doing Bad Things." Donald released a statement
condemns the action of the activists involved- you
can head his full statement by clicking
here.
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Time
to Play the Acronym Game- GRP- CSP- EQIP
Three
key conservation programs have deadlines for
getting your application in to be ranked this
fiscal year- and we wanted to remind you of all
three.
First,
there is the GRP- the Grassland Reserve
Program. Farm Service Agency State
Executive Director Francie Tolle and Natural
Resources Conservation Service State
Conservationist Ron Hilliard, encourages producers
to apply for the 2012 Grasslands Reserve Program
(GRP). All GRP applications received at the local
Farm Service Agency (FSA) or Natural Resources
Conservation Service (NRCS) office by February 3,
2012, will be considered for the $1.25 million
allocation received for the 2012 GRP. Applications
received by this date will be evaluated based on a
ranking criterion for a 10, 15, or 20 year
contract. Click here for more details on the
GRP.
We
mentioned yesterday that there is an extension on
the deadline to get your application in to be
ranked for the CSP this fiscal year. CSP in
this case stands for the Conservation
Stewardship Program- the original
deadline was today- the 13th- but that has been
extended out to January 27th. Click here for our story of this week
of that extension and how to get more details
on this green payment program.
And
the first ranking period cutoff
date for the Environmental Quality
Incentives Program is February 3, 2012.
Producers interested in the program
should submit applications to their local county
NRCS offices in order for applications to be
considered during the first ranking period of
2012. EQIP is one of the largest programs in the
farm bill and is a voluntary conservation program
that promotes environmental quality and assists
producers to meet local, state and federal
regulations. Click here for the NRCS webpage on
EQIP.
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DuPont
Joins Drought Tolerant Research Consortium
DuPont
announced on Thursday that it has joined the
DROught-Tolerant Plants (DROPS) Research
Consortium, contributing expertise and a
state-of-the-art modeling platform for maize
research for use by the consortium.
DROPS,
a European Commission-sponsored consortium, is
developing novel tools and breeding strategies
that advance drought-tolerance research in maize
and other crop plants. As a member, DuPont
business Pioneer Hi-Bred will share expertise in
drought research to help bring solutions for
drought tolerance faster through
science.
"Drought is a universal challenge
that must be addressed to feed a hungry planet. It
will take many of us working together in
collaborations, like DROPS, to bring farmers
solutions for combating drought globally," said
John Soper, vice president, Pioneer Crop Genetics
Research and Development. "Innovations developed
through this collaboration will complement our own
research program, which has been providing
solutions for farmers for more than 80 years."
Click here to read more about
DuPont's move
to
join forces with others in battling drought on
behalf of food and fiber production.
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Bye
Bye Miss America Teresa Scanlan
The
reigning Miss America, Teresa
Scanlan, is from Nebraska and she has
promoted family farmers and their ability to feed
the world as her platform over the last year.
As
she ends her time as Miss America Saturday night,
Oklahoma hopes that another agricultural advocate,
Davernport, Oklahoma's Betty
Thompson, will have a chance to take her
platform on a national tour the next twelve
months. Thompson, as Miss Oklahoma, has promoted
the dairy industry and the concept that "milk does
a body good." She was Miss OSU before becoming
Miss Oklahoma- and she grew up on a small dairy
farm just outside of town.
Back
to the current Miss America- she has shared a
positive message about farmers and ranchers with
the masses over the past year- and you can click here for a great
example of that- a video of this beautiful
lady with a salute to those who grow the food for
Americans and the world.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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