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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 $11.73 per bushel-
2012
New Crop contracts for Canola are now available at
$12.00 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
Tuesday, February 7,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Your Links to
Governor Mary
Fallin's Proposals From Her State of the
State Speech on
Monday
Governor
Mary Fallin presented a wide ranging set of ideas
and budget specifics in her 2012 State of the
State address, which served as the official
kickoff for the 2012 Legislative session
yesterday.
Here's
a listing of links that will navigate you around
the Governor's Proposals:
A
full text of the governor's speech can be
read by clicking here.
A
PDF of the governor's budget is available by clicking here. In reviwing the
budget- we see most state agencies, including the
Oklahoma Department of Agriculture and the
Conservation Commission as having a flat budget in
FY2013 versus the current budget year.
Oklahoma's
economy (click
here for a one-page
report)
"In
2011, the state of Oklahoma had a net increase of
41,600 jobs.
"Our
job growth rate ranks 3rd among all
states.
"At
6.1 percent, our unemployment rate continues to be
one of the lowest in the country.
The
"Oklahoma Tax Reduction and Simplification
Act" (click
here for a one-page
report)
"Today
I'm asking our lawmakers to join me in an
ambitious and exciting undertaking: the passage of
a bold tax reform plan that will represent the
most significant tax cut in state history.
"The
Oklahoma Tax Reduction and Simplification Act will
immediately cut income taxes for Oklahomans in all
tax brackets, simplify the tax code, and chart a
course towards the gradual elimination of the
income tax.
"It
will give Oklahoma the lowest income tax rate in
the region besides Texas, making us a more
competitive state for those looking to move jobs
here.
"Over
time, our income tax would be phased out for every
Oklahoman.
Energy
Efficiency (click
here for a one-page
report)
Improving
Oklahoma's transportation
infrastructure (click
here for a one-page
report)
Increasing
government efficiency, eliminating waste and
"right-sizing" government (click
here for a one-page
report)
Education
and workforce development (click
here for a one-page
report) |
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! Remember, the annual convention of the
American Farmers & Ranchers comes up in
February at the Embassy Suites Hotel in
Norman.
We
are proud 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.
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Drought
Gradually Slipping Away as La Nina Ending- Art
Douglas Audio from Cattlefax
Outlook
Drought
has hung on in a lot of the state of Oklahoma as
last week's Drought Monitor showed that 66% of
Oklahoma was still in a moderate to exceptional
drought. That number could shrink further. as
soaking rains hit across northwestern and north
central Oklahoma at the end of last week- many
locations receiving two to three inches of
rainfall.
Worries about being dry
this spring continues to be the coffee shop talk
in many western counties. However, Dr. Art
Douglas, retired professor from Creighton
University, predicted this past Friday at the 2012
Cattlefax Market Outlook Conferece (that is a
regular part of the annual Cattle Industry
Convention) that La Nina is rapidly winding down-
and in fact he sees the momentum picking up for an
El Nino event later this year.
That could
push the jet stream further south and keep rain
making systems rolling across Oklahoma and Texas
often enough to push back these last stubborn
areas of drought in both Oklahoma and
Texas.
We have maps showing the last thirty
days of rainfall in the state- the most recent
Drought Monitor as well as the full audio
presentation from Dr. Douglas on our website-
waiting for you to check out. Click here to jump to that page to
get Dr. Douglas' full explanation of La Nina
ending and El Nino looming.
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Feeder
Cattle Numbers Shrinking- Feedlot Inventories to
Follow Suit
Extension
Livestock Market Economist Dr. Derrell Peel of
Oklahoma State University says that the market may
be running out of tricks to keep the pipeline full
of feeder cattle.
According
to Dr. Peel. one important issue is the
implication for feeder cattle supply in 2012. The
January 1 estimate of feeder cattle outside of
feedlots is 25.85 million head, down 1.06 million
head (3.9 percent) from one year ago. Remember
that the feeder supply last year was down 2.9
percent from 2010. In total, the U.S. feeder
cattle supply has dropped 1.85 million head or 6.7
percent in the past two years. However, the
January 1, 2012 Cattle on Feed inventory was 14.12
million head, up nearly one percent from the
previous year. Moreover, the feedlot inventory on
January 1, 2011 was up 2.7 percent from 2010. The
point is that feedlots have done a remarkable job
of maintaining feedlot inventories but only at the
expense of future feeder cattle supplies. It seems
less and less likely that this can
continue.
Dr. Peel drills deeper on
this subject in this week's analysis that comes
from the weekly electronic newsletter- Cow Calf
Corner. Click here to read his full
take on this aspect of our current 2012
situation in the US Beef Cattle Marketplace.
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Be
Watching for NASS Survey on Planting Intentions
Later in February
How
will the uncertain economy affect U.S. farmer's
planting intentions in 2012? How many acres of
corn do farmers intend to plant this growing
season? The March Agricultural Survey conducted by
the U.S. Department of Agriculture's National
Agricultural Statistics Service (NASS) will survey
82,000 U.S. farmers in March 2012 to ask such
questions about farmers' plans for the 2012
season.
"Each year, the agricultural
industry watches for the results of the March
Agricultural Survey, which provides the first
official estimates of U.S. farmers' planting
intentions for 2012," said Wilbert Hundl, director
of the NASS Oklahoma Field Office.
NASS will mail the survey
questionnaire in late February, asking producers
to provide information about the types of crops
they intend to plant in 2012, how many acres they
intend to plant, and the amounts of grain and
oilseed they store on their farms. NASS encourages
producers to respond via the Internet but also
welcomes mail or fax responses and offers
non-responding producers the opportunity for a
telephone or personal interview.
Click here for more details of this
survey that will be landing out in farm
country later this month.
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Case
IH Launches Field of Deals Sweepstakes
As
part of its Field of Deals sales event, Case IH is
sponsoring a sweepstakes where one lucky grand
prize winner will receive a 2012 Ram truck, plus
free fuel for one year. Case IH customers and
prospects are encouraged to visit their local Case
IH dealer and enter for a chance to win.
We
had the chance to talk with Scott Rasch, Director
of Public Relations for Case, about the Field of
Deals promotion this past week in the Trade Show
at the Cattle Industry Convention and Trade Show
in Nashville.
Click here to jump over to our
webstory for more on the deals available- and
a chance to hear our conversation with Scott Rasch
who offers a lot of the details about how you can
save- and how you can register to be in the
running for that brand new Dodge RAM truck.
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Cash
Cattle Market Finished Lower This Past Week- Our
Weekly Audio Analysis with Ed
Czerwin
This
past week we saw $1 to $2 lower cash cattle trade
both on live and dressed deals, again with a
relatively low volume of sales. The weekly boxed
beef trade had the choice cuts lower also. Ed
Czerwin with the USDA Market News Office in
Amarillo, Texas has the details in his weekly
analysis available on Monday afternoons.
Click here to jump to our
webpage and your chance to take a listen
to Ed's detailed look at the boxed beef trade, far
cattle and more.
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Kay-Noble
Counties Women in Ag Conference Set for This
Thursday
Kay
and Noble County Conservation Districts and their
respective Natural Resources Conservation Service
(NRCS) and Farm Service Agencies (FSA) are joining
together with the USDA Risk Management Agency to
hold their fifth Women in Agriculture
Conference this coming
Thursday, February 9, 2012 from 8:30am to
3:00pm in the Renfro Center on the Northern
Oklahoma College campus in Tonkawa. The theme will
be "Denim and Lace." The conference will recognize
the many roles that women play in today's
agricultural community and provide these women
with management skills that are needed to make
informed business and family decisions.
The
folks who run this conference have asked me to be
their keynote speaker that morning- and we will be
offering some ideas about how to best tell
agriculture's story. We look forward to seeing
many of you this coming Thursday morning in
Tonkawa.
More
details about the program can be had by clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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