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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 $11.35 per bushel-
2012
New Crop contracts for Canola are now available at
$11.58 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
Wednesday, January
18,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story: Deal With Wheat Nutrient
Needs Now- So Says Dr. Brian Arnall of
OSU
With
the calendar now saying January, it's time to
really take a hard look at top dressing your
winter wheat crop, according to Dr. Brian Arnall
of Oklahoma State University. As we go through the
limited growth winter season, we need to prepare
for the high nutrient demands of the 2012 crop
when it breaks dormancy.
Arnall says
that if you soil tested back in late summer before
rains came and started to break down your crop
residue from this last growing season- the higher
nitrogen levels you saw on your fields then may be
all but gone now if you got fall rains which
allowed your winter wheat to take off and get
established. He says the problem is that crop
residue- once it starts breaking down- can absorb
a lot of available nitrogen, which drops fertility
levels for the wheat you are trying to grow.
Click here for the rest of our story
as found on our website this morning- and a
chance to listen to our full conversation with
Brian about wheat nutrient needs- and also about
the value of the nitrogen strips planted by many
producers this past fall- Arnall says they have
proven to be invaluable.
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Sponsor
Spotlight
We are pleased to have
American Farmers & Ranchers Mutual
Insurance Company as a regular sponsor of our
daily update- click here to go to their AFR website to
learn more about their efforts to serve rural
America! And remember that the 2012 American
Farmers & Ranchers Convention is just around
the corner- to be held Feb. 17th & 18th, at
the Embassy Suites Hotel & Conference Center
in Norman.
And we are
proud to have P & K Equipment/ P & K
Wind Energy as one of our regular sponsors of
our daily email update. P & K is the premiere
John Deere dealer in Oklahoma, with ten locations
to serve you, and the P & K team are excited
about their new Wind Power program, as they offer
Endurance Wind Power wind turbines. Click here for more from
the P&K website.
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Eastern
Oklahoma Lawmakers to Offer Bill Calling for Vote
for Any Out of State Water Sale
State
Sen. Jerry Ellis (D-Valliant) and state Rep. Eric
Proctor (D-Tulsa) are authoring "The People's
Water Act," which would give the people of
Oklahoma the ultimate say in any water deals made
with other states.
Currently the
Legislature must approve all water agreements with
other states but the proposed law would also
mandate that the final decision be made by the
people of Oklahoma.
"Oklahoma's water
policy decisions should rest with our state's
people. This choice should be made by Oklahomans,
not by any federal court and definitely not by the
State of Texas," Proctor said. "Far too often
politicians look to the next election rather than
to the next generation. This bill would take the
power from special-interest groups and high-paid
lobbyists and give the final decision to the
people of Oklahoma."
Click here for more on this
story- and we remind you that this will be one
of many water related pieces of legislation that
will be out there this coming state legislative
session.
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Job
One in Washington for Cattlemen is Estate Tax
Deal
While
the 2012 Cattle Industry Convention is still a
couple of weeks away, the top NCBA priority for
this year is expected to be estate tax
reform.
According to NCBA Manager of
Legislative Affairs Kent Bacus, the estate tax,
commonly referred to as the death tax, is one of
the leading causes of the breakup of
multi-generation family farms and ranches. In
December 2010, Congress passed temporary estate
tax relief effective through Dec. 31, 2012. For
now, estates worth more than $5 million per
individual or $10 million per couple are taxed at
a 35 percent rate.
Bacus says that
movement on this issue is imperative- that
reverting to a million dollar exemption is simply
not an option. Getting Congressional action during
this contentious Prsidential election year will be
difficult, but Bacus says that NCBA is hopeful
that with a lot of grass roots involvement, a deal
can be done.
Bacus
is our guest on the Beef Buzz, a regular look at
beef issues as heard on great radio stations all
across the state of Oklahoma on the Radio Oklahoma
Network. Click here to jump over to our
website and a chance to hear this edition of
the Beef Buzz to gain some insights into the Death
Tax battle that may be ahead in 2012.
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A
War of Attrition- A Look At What Record Cattle
Prices May Mean
Cattle
prices are at record high levels and will push
even higher in 2012 and beyond. According to OSU
Extension Livestock Market Economist Dr. Derrell
Peel, retail beef prices are increasing and will
push higher but it is uncertain how much and how
fast. These conditions ensure that margins for
various sectors in between will continue to be
squeezed and some sectors of the beef industry
will face difficulties in the coming months.
Retail beef prices increased through
the year of 2011 but it wasn't until the fourth
quarter of the year that beef production dropped
sharply. Anticipated decreases in beef production
in 2012 mean that retailers will be challenged to
keep retail prices on pace with boxed beef and
live cattle prices. Retailers are always reluctant
to increase retail prices too fast or too much and
retail margins are likely to be squeezed in the
transition. Packers have already faced limited
margins as fed cattle prices increased faster than
boxed beef prices. Packers experienced poor
margins much of the fourth quarter of 2011.
Packers have the additional challenge of not
operating at efficient capacities in the face of
declining cattle numbers. That challenge will
increase as feedlot marketings decrease in 2012.
Feedlots face perhaps the toughest
challenge of all. High feeder cattle prices and
high feed costs will likely more than offset
record fed cattle prices and result in negative
operating margins much of the time for the
foreseeable future. Feeder cattle supplies will
continue to tighten and may decrease dramatically
if the drought abates and heifer retention
accelerates. Feeder supplies will be tighter in
2012 and may not reach the tightest level until
2013 or beyond.
Click here to read the rest of the
analysis from OSU's Dr. Derrell Peel.
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NFU
Policy Committee Working This Week on
Recommendations for 2012
Convention
The
National Farmers Union (NFU) Policy Committee is
meeting in Washington, D.C., this week to begin
revising the organization's policy. This year's
committee is comprised of Dan McGuire of Nebraska
(chairman), John Daughenbaugh of Colorado, Jeff
Eschmeyer of Ohio, Sarah Lloyd of Wisconsin,
Jeremy Scherler of Oklahoma,
David Teigen of North Dakota, and Gail Temple of
South Dakota. States are represented on the policy
committee on a rotating basis. Last year's Policy
Committee of the NFU was chaired by Paul Jackson
with American Farmers & Ranchers.
Oklahoma
maintains a seat on the policy committee again
this year- the seat held by Jeremy Scherler of
Walters. Jeremy and his wife Joey, operate the
family farm and ranch, which consists of
2,000 acres where wheat, cotton and cattle are
grown. He also has a custom harvesting operation
and owns the local AFR insurance agencies in
Cotton and Stephens Counties.
"The
Policy Committee members are essential to NFU, as
they are tasked with the huge responsibility of
helping to create the grassroots policy that we
advocate for during the course of the year," said
NFU President Roger Johnson. "This is particularly
critical this year, as we discuss policy regarding
the 2012 Farm Bill. We only get the opportunity to
shape the federal farm policy once every few
years, so we must make sure that we focus our
efforts on the portions of the farm bill that will
most benefit our members."
Click here to read more about the NFU
policy making process- which ultimately
culminates with delegate discussion at their
national meeting in Omaha, Nebraska in early
March.
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Prescribed
burning aids producers in land management
The
Samuel Roberts Noble Foundation will host an
educational workshop on the benefits and proper
use of prescribed burning for land
management.
The Prescribed Burning
Workshop, which is open to the public, will be
held from 8 a.m. to 5 p.m., Tuesday, Jan. 31, at
the Noble Foundation Kruse Auditorium in
Ardmore.
"Prescribed burning is a
tremendous tool in land resource management, but
it must be used in a safe and proper manner to be
effective," said Ken Gee, wildlife research
consultant. "This workshop is designed to
introduce participants to the various aspects of
burning, teach them how to conduct a safe burn and
give them hands-on experience in a controlled
setting."
Click here for more about the
workshop and for details about how to register
and be a part of the day's program.
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Bits
and Pieces- Cattlewomen Promoting- and US Wheat
Loses a Good One
We
had a note on Tuesday from Tammi
Didlot, the current President of the
Oklahoma Cattlewomen with a quick update/invite
for those that may be planning on attending the
Oklahoma City Home and Garden Show this weekend-
"The Oklahoma CattleWomen are going to be
out at the Oklahoma Home & Garden Show this
Saturday the 21st from 11:00 am - 2 pm. We have
Casey Campbell from the OSU Extension office doing
food safety session while demoing the Oklahoma and
National Beef Cookoff Recipe Winners. Following
Casey at 1:00 we will have Capt. Jere Korthanke
doing a kitchen fire safety session. Look for the
white chef coats and red scarves and you will find
the volunteer CattleWomen helping with these
demonstrations and handing out good beef
information."
After
22 years managing wheat export market development
in the Middle East, East and North Africa for U.S.
Wheat Associates (USW), Regional Vice President
Dick Prior has announced that he
will retire later this year. Prior will be
replaced by Mark Samson, who is returning to USW
after serving in Singapore as Regional Vice
President, South Asia, from 1997 to
2009. Click here for more on the retirement
of this legend in the wheat industry- Dick
Pryor.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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