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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 $11.71 per bushel-
2012
New Crop contracts for Canola are now available at
$12.01 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,
February 10, 2012 |
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Farm
Bureau Joins State Chamber and Other Groups to
Respond to Comprehensive Water
Plan
The
State Chamber of Oklahoma, Oklahoma Farm Bureau,
Oklahoma Municipal League, Oklahoma Independent
Petroleum Association, Oklahoma Aggregates
Association, Environmental Federation of Oklahoma
and Mid-Continent Oil & Gas Association of
Oklahoma have joined together in a response to the
recently-released statewide Comprehensive Water
Plan.
The groups distributed a position
paper to lawmakers this week laying out specific
recommendations and areas of concern found within
the plan, released late last year by the Oklahoma
Water Resources Board.
As outlined in the
paper, it is feared that many of the
recommendations in the plan will increase the size
of government, increase costs, adversely impact
existing water rights, encroach on private
property rights and create artificial water
shortages, among other concerns.
"Oklahoma's current water law structure
has allowed Oklahoma agriculture to provide food
and fiber for a growing world population, while
significantly contributing to Oklahoma's economy,"
said Oklahoma Farm Bureau President Mike
Spradling. "Caution should be exercised when
considering any changes."
To read more about the groups'
concerns about water plans, click
here.
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Sponsor
Spotlight
We
are also excited 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.
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 next
weekend- February 18 and 19 at the Embassy Suites
Hotel in Norman.
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Humane
Society Files Supplemental Complaints About Hog
Farms
The
Humane Society of the United States has filed
supplemental complaints with both the U.S.
Securities and Exchange Commission and Federal
Trade Commission regarding alleged false and
misleading statements being made by Seaboard Foods
in response to a recent undercover video made by
an HSUS employee at one of the company's Oklahoma
pig breeding facilities.
The video shows
breeding sows confined in gestation crates and
showed workers hitting animals, duct-taping their
splayed legs to their bodies and jabbing their
eyes.
Based on the video, the HSUS filed
complaints with the SEC and FTC, alleging that
Seaboard makes grossly false and misleading
statements about animal welfare to shareholders,
potential investors and the public, including that
the company uses the "most humane
practices."
To read more about the HSUS's latest
complaints, click here.
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Watchdog
Group Calls on FTC to Investigate Humane Society
of the United States' Deceptive Fundraising
Tactics
HumaneWatch.org,
a project of the nonprofit Center for Consumer
Freedom, called on the Federal Trade Commission
(FTC) to open an investigation into the deceptive
fundraising practices of the Humane Society of the
United States (HSUS). A recent Freedom of
Information Act request revealed that more than
120 complaints have been filed with the FTC since
December 2011 regarding HSUS.
Dozens of the
complaints come from Americans who have given
money to HSUS. HSUS's deceptive advertising helps
fool the unsuspecting public: a recent analysis
found that more than 85 percent of the animals in
HSUS's TV appeals between January 2009 and
September 2011 were cats and dogs, when just one
percent of the money donated to HSUS is sent to
hands-on pet shelters, according to HSUS tax
returns.
"This is deception on a national
level, and the FTC needs to act now," said J.
Justin Wilson, CCF's Senior Research Analyst.
"HSUS routinely employs familiar images of
sad-looking dogs and cats in their advertisements.
Yet, the majority of HSUS's donations are used to
bankroll an animal rights agenda. This emotionally
charged bait-and-switch doesn't just harm donors.
It harms needy shelters and pets."
Click here to read more about
HumaneWatch.org's complaints against the
HSUS.
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Supply
and Demand Figures
Mixed
Corn
exports will be 50 million bushels higher this
year, according to the USDA supply and demand
estimates report Thursday morning. Soybean
exports, although lower than last year, are
expected to climb in the second half of the year.
World
wheat production is increased three million metric
tons, with increased competition from Russia and
the Ukraine, according to the report. The wheat
market was hit hard on Thursday in response to the
report, closing at its lowest levels since the end
of January.
Here's
the summary for wheat and corn as released by USDA
Thursday morning:
Wheat:
U.S. wheat ending stocks for 2011/12 are projected
lower this month. Exports are raised 25 million
bushels supported by the stronger-than-expected
pace of sales and shipments, particularly for
competitively priced feed-quality wheat. Projected
exports of Soft Red Winter and White wheat are
each raised 15 million bushels on strong demand
from Mexico and South Korea. Exports are also
projected higher for Hard Red Winter wheat, up 5
million bushels, based on sales and shipments to
date.
Ending
stocks for all wheat are projected 25 million
bushels lower at 845 million. Based on prices
reported to date and the lower expected carryout,
the 2011/12 projected season-average farm price is
raised 20 cents on the bottom end of the range to
$7.15 to $7.45 per bushel.
Corn:
U.S. corn exports are projected 50 million bushels
higher with reduced supplies in Argentina and
recent increases in both sales and shipments. Corn
ending stocks are projected 45 million bushels
lower at 801 million. The projected range for the
season-average farm corn price is narrowed 10
cents on both ends of the range to $5.80 to $6.60
per bushel.
Our
own Ed Richards talked to Tom Leffler after the
release of the report- click here to listen to Ed and Tom's
conversation, as well as access a link to the full
USDA report.
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Missouri
Farm Mom Testifies About Dangers of Proposed DOL
Regs
A
Missouri farm wife testified before Congress last
week concerning the Department of Labor's proposed
rules that would prohibit young children from
working on their family's farms.
Chris
Chinn and her husband, Kevin, are fifth-generation
farmers. They live with their two children on
their Clarence, Missouri, hog farm. The Chinn's
dream is that their children will have the
opportunity to be the sixth generation of farmers
in their family.
Chinn's testimony
reflected her fears that unbridled and wrongheaded
government intervention will make achieving that
dream impossible by destroying that which is best
about raising children on the farm.
You can watch Chinn's video or access
her blog by clicking here.
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New
USDA Hardiness Zone Map- a Little Warmer Across
Most of the US
The
USDA has released a new plant hardiness zone map.
It reflects changes for the warmer in much of the
country.
Dr. Peter Bretting of the USDA's
Agricultural Research Service said, "We see a
consistent shift, especially in the eastern U.S.
of about a half zone warmer than in the prior
map."
The map documents changes of about
five degrees Fahrenheit warmer per half zone since
1990.
Bretting said there are a number of
factors leading to the redrawn map.
"It's
based on more data from more weather recording
stations. And they were processed by a special
mathematical formula that takes into account
features of the landscape, such as mountains,
large bodies of water, urban areas, which cause
some heat islands. And it was recorded over a
longer period, 30 rather than 15 years."
To hear more of Dr. Peter Bretting
comments on the new hardiness zone map or to
access the new map, click here.
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Kim
Anderson: His Take on Latest Supply Demand
Numbers- and Your SUNUP
Lineup
Dr.
Kim Anderson reports the recent WASDE report from
the USDA was very close to expectations. Corn was
projected at 997-million bushels, it came in at
801; beans were projected at 269-million bushels,
it came in at 275; and wheat expectations were for
868-million bushels and the actual came in at
845.
Anderson said it was good news that
wheat ending stocks were lowered by the USDA
compared with last month's 870-million bushel
figure.
This means the markets are
favorable and he sees them being bullish on corn
and beans and slightly bearish on
wheat.
International numbers won't provide
much price impact as they were right on with
industry estimates.
Bloomberg reports
record corn, bean and wheat prices, with corn at
$6.20, beans at $11.45, and wheat at $7.20. Income
in corn and bean country has been up 28 percent
and farmland values are reflective of that trend.
Farmland values across the midwest are averaging
$2,350 an acre. Iowa prices are averaging $5,600
per acre.
Anderson says increases in corn
and wheat acreages, however, will mean slightly
lower prices next year.
You can hear Dr. Anderson's full
analysis by clicking here, as well as seeing the
rundown for this week's SUNUP show.
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Quick
Hits- Women In Ag, Fading Drought and Castor
Count
The
ladies at the Women in Ag
Conference held in Tonkawa on Thursday
were a great audience- and we enjoyed offering
them a few ideas with them about sharing the
AMAZING story of Agriculture. Thanks to Susan
Henning and her Committee for inviting us- met
lots of women who are involved in agriculture in a
variety of ways- and several who start their day
with us and this email. And, quite a few mentioned
our daily Video Skype Visits with Stan on News9,
KWTV!
There has been no "nays" thus far in
the Oklahoma House and Senate on the proposals to
make it illegal to grow Castor
Beans for commercial purposes in the
state- State Senate Ag Committee voted eleven to
nothing on both bills related to this issue while
the state House Ag Committee voted 15 to zero and
17 to zero on similar measures on their side of
the Capitol. The measures will next be considered
by the full Senate and House.
Finally-
drought continues to be on the decline across the
Oklahoma landscape- the latest Drought
Monitor showed the area of extreme
drought in western Oklahoma grow quite a bit
smaller this past week- click here to see the latest map
released Thursday morning for
yourself.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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