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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 $11.748per bushel-
2012
New Crop contracts for Canola are now available at
$11.67 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 20, 2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Cattle Industry Watchers
Predict Big Drop in Feedlot Placements in Friday
Report
Placements
are likely to be well under the numbers of twelve
months ago in Friday's USDA Cattle on Feed report.
The January Cattle on Feed Report will be released
by the US Department of Agriculture on Friday,
January 20th at 2:00 PM central time, after the
cattle futures markets are closed for the week.
On today's Beef Buzz, we feature comments
from Erica Rosa-Sanko of the Livestock Market
Information Center out of Denver, Colorado, as she
offers the pre- report estimates from the LMIC.
The Center expects sharply lower placements in
December 2011 versus December 2010- perhaps as
much as eight to nine percent fewer numbers of
calves going into the feedlots. She predicts that
marketings will be lower by one to two percent,
and LMIC is predicting the January 20th report
will show three percent more cattle in the
nation's feedlots as of January 1, 2012 compared
to January 1, 2011.
Average guesses from a
number of analysts contacted by Dow Jones showed
placements at higher levels than the LMIC
expectations- but still 5.8% smaller than a year
ago. Rich Nelson of Allendale told Dow Jones that
"this is probably the start of this big drop in
placements that will extend for a few months."
Click here for our story on
OklahomaFarmReport.Com with the Allendale
predictions- and our Beef Buzz featuring comments
from Erica Rosa-Sanko of the LMIC. We also have a
link to yesterday's beef Buzz, which featured
comments from Dr. James Mintert at Purdue who
helped us preview the USDA Cattle Inventory Report
that comes a week from today on January 27.
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Sponsor
Spotlight
It
is 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
website which opens up to all of the operating
parts of Johnston!
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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Dudley
Butler Resigns from GIPSA at USDA- R-Calf Offers
High Praise
J.
Dudley Butler has resigned as administrator of
USDA's Grain Inspection, Packers and Stockyards
Administration, effective next week, USDA
confirmed today. His resignation brings to an end
a controversial tenure marked by an attempt to
toughen regulations on livestock and poultry
marketing.
Butler
oversaw the development of the controversial
proposal to reform livestock and poultry marketing
practices that became known as the GIPSA rule. It
aimed to give Butler's agency expanded authority
under the 1921 Packers and Stockyards Act to
protect livestock and contract chicken producers
from unfair, fraudulent or retaliatory
practices.
The rule was originally
published in June 2010- was subjected to intense
debate for and against, and ended up having only
relatively small sections of the sweeping proposal
actually finalized this past year.
One
group that was a major supporter of the GIPSA
rule- and a defender of Dudley Butler was R-Calf
USA. On Thursday afternoon, they released a
lengthly statement praising Butler for his service
at USDA- and pledging their intentions to see
major reforms eventually be adopted.
Click here to read more about the
resignation- and Bill Bullard's comments about
Dudley Butler.
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Latest
Drought Monitor Update- One Third of Oklahoma Out
of Drought (for now)
Oklahoma
now is slightly more than one third "drought free"
according to the latest US Drought Monitor graphic
released Thursday morning by NOAA. The amount of
Oklahoma countryside that remains in "exceptional
drought" or D4 remains at just under four percent-
and almost all of that most troubled territory is
in Cimarron and Texas Counties in the Panhandle. A
small bit of Tillman County also reflects that
deepest red of exceptional drought. At the other
end of the spectrum, 21% of Oklahoma is out of
drought and the slightly less "abnormally dry"
ratings in this latest update.
Click here to see the latest Drought
Monitor graphic of Oklahoma- and to read more
about how our current conditions stack up versus
the start of the Water year back October first,
2011 as well as versus last January.
And-
you can click here to jump over to the latest
update from Gary McManus which looks at the
current dryness in the state from several
different angles.
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No
Getting Around It- Lightsquared Broadband
Interfers with GPS
A
year of testing by a federal interagency committee
has unanimously determined there "appear to be no
practical solutions or mitigations" to GPS
interference caused by LightSquared's broadband
technology.
That was the main message
of a letter sent last week by the group's
co-chairmen to the Department of Commerce, noting
that the Federal Aviation Administration (FAA) has
also concluded the technology could interfere with
flight-safety systems that depend on
GPS.
The co-chairs of the interagency
review panel, who are deputy secretaries of the
Departments of Defense and Transportation,
indicated in their letter that the level of
interference, even with proposed fixes, is so
severe "no additional testing is warranted at this
time."
Click here for more on this most
recent testing- and more on the agricultural
angle of this battle over wireless broadband and
GPS. Obviously, wireless broadband would be a
Godsend for rural Oklahoma and America- but not at
the expense of the multitude of GPS devices that
are essential to precision ag and a lot more.
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A
Triple Whammy- Kim Anderson Explains Lower Wheat
Prices- and We Have This Weekend's SUNUP Preview
It's a
triple whammy that has slammed wheat prices in
recent weeks- and Oklahoma State University
Extension Grain Marketing Economist Dr. Kim
Anderson is saying this weekend on SUNUP- there
could be more downside ahead.
Dr.
Anderson tells SUNUP host Lyndall Stout there are
three reasons why wheat prices are in retreat- US
and Global Wheat Stocks that are relatively high,
Wheat acres in the US that are three percent
larger than a year ago- and corn prices that are
moving lower- so much so that corn prices are no
longer a support point under cash wheat prices.
Anderson points out that over the last couple of
years, we have seen corn prices higher than soft
red winter wheat prices- and that has been a
strong support under wheat prices.
You
can watch Lyndall and Kim Saturday morning on your
local OETA outlet during the SUNUP telecast- or
you can catch our audio preview of this duo by clicking here and jumping over to our
story which includes the audio.
In
addition, you can take a look at the rest of the
lineup for SUNUP this Saturday morning at 7:30 AM
on OETA.
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Call
for Nominations for the 2012 Inductee into the
Oklahoma Ag Hall of Fame
The
Oklahoma Department of Agriculture, Food, and
Forestry (ODAFF) is seeking nominations for the
Governor's Outstanding Achievement Award in
Agriculture. This award, created in 1998, honors
leaders in the agriculture industry who have
exemplary personal values and agricultural
achievements in Oklahoma. The award winner will be
inducted into the Oklahoma Agriculture Hall of
Fame located at the Oklahoma Department of
Agriculture, Food, and
Forestry.
Previous recipients of the
award exhibited high standards of conduct,
leadership, innovation, and accomplishment in
agriculture. These individuals were from different
parts of Oklahoma and many times were not widely
known outside of their specific agricultural
groups or commodities. However, each Hall of Fame
inductee has served as a community leader in
addition to being an agricultural producer who
made a significant impact on the lives of
others.
Deadline
for the application to be into the ODAFF is
February 17, 2012. Click here to read more about the
award- and we have details and additional
links which will get you on your way to nominating
someone for the 2012 Oklahoma Ag Hall of Fame
inductee.
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Bits
and Pieces- Karen is BOLD- and the Real Beef
Hormone Story
This
Saturday- after some technical hiccups- we will
have as our guest dietician Karen Meyers talking
about the BOLD study and its findings that show
lean beef can be a part of a plan to actually
lower cholesterol in your body. We have an audio
conversation that we had earlier with Karen- and
you can hear it by clicking here.
The
study looked at people with elevated levels of
cholesterol and there were four groups in the
study conducted by Penn State researchers- two of
the groups received four and 5.4 ounces of lean
beef daily respectively- those groups ended up
with significant reductions in cholesterol levels
by the end of the study. Meyers, who works
with the Oklahoma Beef Council, will talk about
what the takeaways from this study during our
regular In the Field segment this Saturday morning
at around 6:40 AM on KWTV, News9 in the Oklahoma
City area.
And-
we have posted on our website a great MythCrusher,
courtesy of the American Meat Institute. There are
lots of claims running around of animals who have
been raised with no growth hormones- which implies
that there are no hormones in the meat.
That's not accurate, as all cattle have naturally
occurring hormones in their body- and the
difference in the amount between an animal that
has been implanted and one that has not is truly a
non factor.
We
have a great Youtube that we invite you to jump
over to our website and view- Janet Riley talks
with Dr. Rhonda Miller of Texas A&M about
hormones in your beef- click here and take a listen and
look.
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On
this Legendary Friday- We've Got A Great Deal at
Junior's in OKC
Our
latest Legendary Restaurant of Oklahoma deal is
ready to hit cyberspace this Friday morning-
starting at 8:30 AM, you can buy two $25
certificates for the price of one- just $25 will
get you $50 of food at Juniors on Northwest
Expressway in Oklahoma City- just up the street
from Penn Square Mall.
Located on
the ground floor of the Oil Center building on
Northwest Expressway, Junior's has been an
Oklahoma City landmark since 1973. Known in its
early days as "The Oilman's Oasis", this is where
oilies finalized some of the biggest deals during
the oil boom and bust of the 70s and 80s. Junior's
was famous (or infamous) enough amongst oilmen to
garner a mention in "Funny Money", a book by
former Tulsan and New Yorker writer Mark Singer on
the demise of Penn Square Bank.
You will be glad
you did!
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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