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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 $12.60 per bushel-
2012
New Crop contracts for Canola are now available at
$12.76 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, April 4,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Ethanol
Industry Applauds EPA Approvals Paving the Way For
E15 Fuel
For
the first time, the U.S. Environmental Protection
Agency has approved E15 (gasoline with 15 percent
ethanol) as a registered fuel. This is one step
closer to seeing low-cost, renewable E15 sold into
the American fuels marketplace.
This is the
most significant development in a three-year
effort to approve sale of the mid-level ethanol
blend, and it follows EPA's approval of health
effects testing of the fuel in
February.
"Our nation needs E15 to reduce
our dependence on foreign oil - it will keep gas
prices down at the pump and help to end the
extreme fluctuations in gas prices caused by our
reliance on fuel from unstable parts of the
world," said Tom Buis, CEO of
Growth Energy. "Today's announcement from EPA
finally puts that goal within reach."
"This
announcement strengthens the ethanol industry's
efforts to innovate and continue to deliver
domestically-produced and affordable alternatives
to foreign oil," said Buis. "With ethanol selling
an average of a dollar a gallon cheaper than
gasoline and $4 a gallon gasoline on the horizon,
we'd encourage all Americans to ask their local
filling station how soon they will see
more-affordable E15."
"American consumers
may soon have some much deserved relief at the
pump. Today's EPA decision clears yet another
major hurdle in bringing E15 to the marketplace.
States in the Midwest have begun to address their
regulatory requirements and perhaps as early as
summer we could see E15 at fuels stations in the
Heartland of America. The future for consumers,
ethanol producers and this country has just gotten
a little brighter, a little stronger," said
Bob Dinneen, President and CEO of
the Renewable Fuels
Association. |
Sponsor
Spotlight
When
you come to Oklahoma City for business or
pleasure- we invite you to check out the
Hyatt Place- OKC Airport, located
at 1818 S. Meridian. It's a great location,
with spacious guestrooms, free wifi, complimentary
hot breakfast AND a special rate for Ron Hays
Email readers. Click here for the RON rate at the
Hyatt Place OKC airport. If you have
trouble with this link for any reason- click on
the graphic for the Hyatt Place
on the left hand side of this email- that takes
you to their main page- when you check rates, put
in the Corporate ID Box the number 11272- it's
nice discount off their best available rates-
whether it's the upcoming Southern Plains Farm
Show, State FFA Convention or any other event-
give the Hyatt Place folks a try- you will be
happy you did.
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.
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CanolaTV-
2012 Winter Canola Field Tours Kick Off April
9th
A
series of educational field tours for canola
growers and prospective canola growers all across
the state kicks off April 9th and runs through
April 12th. Educators, agronomists and marketing
specialists will give presentations and discuss
the ins and outs of successful canola production
at each tour location.
OSU Extension Canola
Specialist Josh Bushong says
anyone is welcome to attend. He said the program
is intended to help established canola growers
fine tune their management practices and to
encourage potential growers with the knowledge
necessary to understand if canola might be a good
addition to their operations.
The
tour will make 13 stops in four days.
Click here for a list of locations,
times and presentation topics.
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Good
Producing Cows Could Become Harder to Find, Higher
Priced
Rebuilding
cattle herds thinned out by last year's
devastating drought is on the top of a lot of
producers' minds. Steve Swigert,
an agriculture consultant with the Samuel Roberts
Noble Foundation, says the costs of rebuilding a
herd can be quite high--and the costs are headed
higher. He recently took a look at the economics
of herd rebuilding and offered his findings in the
the foundation's latest newsletter:
With
the challenges of the 2011 drought, the beef cow
inventory declined 3.1 percent for an annual
inventory of 2011 and prospects for further
decline are evident unless changes occur in cow
slaughter and heifer retention. With this decline,
the 2012 U.S. calf crop stands at 35 million head,
the lowest in 60 years.
With low cow
numbers, historical high prices for weaned calves
and the cost of cows at all-time highs for the
foreseeable future, what does this mean for the
cow/calf producer wanting to rebuild the herd? It
means good producing cows are going to be hard to
find and will be higher priced than in previous
years - possibly exceeding $2,000 per cow. In
addition, it will be more critical to cull
unproductive cows because input costs are
increasing as well.
You can learn more about the factors
to consider for maximum profits when purchasing
cows to rebuild herds by clicking
here.
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OSU
Specialists Produce Fact Sheets and Videos to Help
Growers Fight Foliar Diseases in Wheat
While
the warm, wet conditions all across the state may
be conducive to vigorous growth of the wheat crop,
the conditions are also favorable for foliar
diseases. If not treated in time, these diseases
can result in significantly lower
yields.
OSU Extension Wheat Pathologist Dr.
Bob Hunger and OSU Extension
Wheat Specialist Dr. Jeff Edwards
have published a fact sheet about the most
common--and most destructive--foliar diseases
common to Oklahoma. They have also produced a
series of videos to help growers identify and
combat these diseases.
Click here for the fact
sheet.
Dr. Hunger says time is of the
essence in properly treating these diseases and
having the proper information at hand will help
growers make cost-effective decisions. The three
short videos linked below provide an overview on
the proper identification of the major fungal
diseases as well as best management
practices.
Click here for the
videos.
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Oklahoma
Beef Council Reaches Out to Decision Makers and
Influencers on LFTB
We
have had several stories on the fallout that the
beef industry has faced because of Lean Fine
Textured Beef- or as some in the general media
like to call it- Pink Slime. As we reported
on Monday, a lot of folks in the beef industry are
really struggling with how to address this attack
on both the image of beef as a highly desirable
food- as well as its safety. Click here for our Monday Beef Buzz
with Bill Rupp of JBS if you want to review
his concerns about how the industry needs to
respond to this combination assault by ABC News
and social media.
One
way to push back is to allow a cattle producer and
daddy of school aged kids to offer an up front
explanation of what LFTB is- and what it is not-
and then invite dialogue. That's the
approach that the Oklahoma Beef Council is taking
as they have had Clay Burtrum,
Secretary-Treasurer of the OBC, to author a letter
that has gone out to several key groups discussing
LFTB. Click here to read Clay's letter,
which explains "Though some media outlets are
reporting this product is a filler, that's not
true. It's beef plain and simple."
The
letter/email/memo has been sent to all School
Nutrition Directors in Oklahoma as well
as Oklahoma school administrators and members
of the Oklahoma Restaurant Association and the
Oklahoma Grocers Association.
Will
this save this long established process of
extracting the last bit of lean pure beef from the
carcass- to mix with 50% beef trimmings for a lean
ground beef product? It's too early to say-
but it appears to be one of the immediate
strategies being used by the beef industry to push
back on those that want to do harm.
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Study
Finds Market-Driven Inventory Would Preserve Farm
Income, Lower Taxpayer Costs
The
National Farmers Union (NFU) has released the
final report from a study by the University of
Tennessee Agricultural Policy Analysis Center on
the effects that a Market-Driven Inventory System
(MDIS) would have on U.S. agriculture. Phase I of
the study, released in September 2011, examines
the effects MDIS would have had on extreme crop
price volatility and government payments from 1998
to 2010, while Phase II reviews the effects of
MDIS from 2012 to 2021.
"The study results
very clearly indicate that MDIS would preserve net
farm income at current levels while significantly
decreasing the cost to taxpayers," said NFU
President Roger Johnson. "From
1998 to 2010, the farm programs that were in place
cost $152 billion, while MDIS policies would have
cost $56 billion over that same period. From
2012-2021, current farm programs are projected to
cost $65 billion while MDIS is projected to cost
$26 billion, a savings of $39
billion."
From 1998 to 2010, the value of
U.S. exports would have increased by $20 billion
under MDIS policies. Also, corn prices would have
been 26 cents per bushel higher, wheat prices
would have been 48 cents per bushel more, and
soybean prices would have increased by $1.09. MDIS
combines a system of farmer-owned commodity
inventories, set-asides, and loan rates to help
decrease the volatility in the market.
Read more about this study and find a
link to the full study by clicking
here.
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This
N That- More Rainfall Arrives- and So Does Ag Day
at the State Capitol
We
have a snapshot of the rainfall that has fallen
the first half of this week- and while the larger
amounts of the liquid stuff fell in south central
counties- it was a nice surprise to see decent
totals in places like Kenton and
Hooker out in the
Panhandle. Click here for our graphic from
the Oklahoma Mesonet.
Tomorrow
is Ag Day at the State Capitol in Oklahoma
City. Several events are planned
during the day- including:
10:00
a.m. - Ag in the Classroom State Contest Award
Winners and Ag in the Classroom State Teacher of
the Year will be honored in the Supreme Court
Hallway (2nd Floor)
10:00
a.m. to 2:00 p.m. - Made in Oklahoma Program
companies and Agricultural Organizations will be
participating in a Mini-Fair on the 4th Floor
Rotunda
1:00
p.m. - Agriculture Hall of Fame Induction Ceremony
- Blue Room (2nd Floor)
Hope
to see you around the Capitol on
Thursday!
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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