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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 $11.78 per bushel-
2012
New Crop contracts for canola are now available at
$12.99 per bushel at
the Northern Ag elevator in Yukon as of the close of
business yesterday.
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, July 11,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
2012
Lucas-Peterson Farm Bill Moves to House Floor for
Markup
Coming
up this morning is the markup of the
Lucas-Peterson 2012 Farm Bill proposal- known as
FARRM, the Federal Agricultural Reform and Risk
Management act. We have had several stories since
last week when Chairman of the House Ag Committee,
Oklahoma Congressman Frank Lucas,
revealed details of what he and Ranking Minority
member Collin Peterson have
called their "Draft Proposal." That includes our
ten minute audio interview with Chairman Lucas
that we conducted on Monday afternoon- click here to jump to that
conversation- the Congressman talked about how
he intends to walk through the Committee process
today for as long as it takes- and then
what arguments he has ready for the House
leadership to convince them that the 2012 Farm
Bill is deserving of floor time before
the November general elections.
The
House Ag Committee has prepared an excellent
summary of the 2012 Farm Bill proposal- click here for that.
Yesterday,
the American Farm Bureau sent a letter to House
Agriculture Committee members supporting the draft
farm bill, but suggesting improvements in several
areas including improving equity across all
commodities and re-instituting payment limitations
and Adjusted Gross Income provisions from the
current law. Click here from more from the
AFBF.
Other
farm groups and conservation organizations issued
statements in support of the farm bill draft as
well. Click on their names below to read their
statements:
National Cotton
Council
National Farmers Union
National Sorghum
Producers
Oklahoma Association of Conservation
Districts
Oklahoma Farm Bureau
Oklahoma Wheat Growers
Specialty Crop Farm Bill
Alliance
There
were a couple of organizations that were not happy
campers with the draft of the farm bill. The Environmental Working Group
was not pleased that funding for feeding programs
and environmental measures would be
reduced.
And
the National Council of Farmers
Cooperatives expressed its opposition to
an amendment that has been proposed by Rep. Bob
Goodlatte of Virginia that would gut the sugar
program.
Texas
A&M University has authored a comprehensive
study on the economic safety net provisions of the
farm bill. Click here to read the
study.
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Sponsor
Spotlight
We welcome
Winfield Solutions and
CROPLAN by Winfield as a sponsor
of the daily email- and we are very excited to
have them join us in getting information out to
wheat producers and other key players in the
southern plains wheat belt more information about
the rapidly expanding winter canola
production opportunities in Oklahoma.
CROPLAN has had three varieties in the winter
canola trials this year- all three Glyphosate
resistant- HYC115W, HYC125W and HYC154W. Click here for more information on
the CROPLAN lineup for winter
canola.
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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NFU
Leads Coalition Calling for Action on 2012 Farm
Bill
National
Farmers Union (NFU) led a coalition of
agriculture, conservation, energy, forestry,
livestock, hunger and rural organizations thanking
U.S. House of Representatives Committee on
Agriculture Chairman Frank Lucas, R-Okla., and
Ranking Member Collin Peterson, D-Minn., for their
leadership on the 2012 Farm Bill so far. The
coalition also urged the full Committee on
Agriculture to work together in a cooperative,
bipartisan fashion.
"This letter
demonstrates the strong support for completing a
bipartisan farm bill before the Sept. 30
deadline," said NFU President Roger
Johnson. "Every voter in this country
depends on the farm bill, so we cannot lose sight
of the bigger picture."
The coalition
letter was signed by 77 organizations.
Click here for more and link to the
full letter.
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Renewable
Fuels Association Chief Offers Strong Defense of
RFS
In
testimony before the House Energy and Commerce
Committee Subcommittee on Energy and Power,
Renewable Fuels Association President and CEO
Bob Dinneen underscored the
importance of domestic ethanol in the nation's
fuel supply and the important role the Renewable
Fuel Standard plays.
"One important
alternative fuel - ethanol - is already helping to
address these national concerns," Dinneen wrote in
prepared testimony. "America's ethanol industry -
buttressed by a visionary Renewable Fuel Standard
(RFS) - is already decreasing our reliance on
foreign oil, already exerting downward pressure on
gasoline prices, already employing tens of
thousands of American workers, and already
cleaning up our air. As a result of the
forward-looking nature of the RFS, the industry is
poised to make even more significant contributions
to our nation's economic and environmental
security in the future."
You can read more of Dinneen's
comments and find a link to his full testimony by
clicking here.
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Australia,
New Zealand, U.S. Uneasy Over Canada's Inclusion
In Trans-Pacific Partnership
The
recent decision at the G20 summit to include
Canada in the Trans-Pacific Partnership (TPP) has
the United States, New Zealand and Australia up in
arms over Canada's open agricultural subsidy
schemes, in particular its programs for Canadian
pork production.
The TPP countries - the
United States, Australia, New Zealand, Brunei
Darussalam, Chile, Malaysia, Peru, Singapore and
Vietnam - also voted to include Mexico in the TPP.
The nine economies have a combined gross domestic
product (GDP) of nearly $17 trillion, a GDP per
capita of $33,546 and a population of 505.8
million people.
The inclusion of Canada
and Mexico now takes the 11-member TPP group to
nearly 30 percent of global GDP, a substantially
larger trading power than the 27-nation European
Union (EU) bloc.
Click here to read more.
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When
Less Means More--Maximizing Beef Yields Based on
Production Environment
In
the latest issue of the Cow-Calf Newsletter, Dr.
Megan Rolf, Oklahoma State
University Extension Beef Management Specialist,
addresses the issue of properly matching cow frame
size to available resources:
Hot, dry
summer months can create great hardships for
management of beef heifers and cows. One way to
help minimize stress on the land and resources
available to you and your cowherd is to choose
animals which have performance that is optimized
for your production environment.
It is
tempting to think about selection of herd sires
and replacement heifers with the goal of
maximizing production and the output from your
herd. However, increased output has an associated
cost and may not increase overall profitability.
It only makes fiscal sense to continue to select
for increased performance in a trait if the
benefit outweighs the increased cost.
You can read more of Megan
Rolf's recommendations on our webpage by
clicking here.
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Oklahoma
Farmer Named 2012 Peanut Profitability Winner
Tillman
County peanut producer, Joe D.
White of Frederick has been named the
Farm Press Peanut Profitability Award winner for
the Southwest Region (New Mexico, Oklahoma &
Texas). Marking the first time a producer from
Oklahoma has been selected. White will join I.C.
Terry of Lake City, Fl and Bud Bowers of Luray,
S.C. as 2012 regional honorees during the 14th
annual Southern Peanut Growers Conference in
Panama City, Fl, July 19-21.
"The Peanut
Profitability Award isn't simply a 'top yield'
prize", stresses Greg Frey, publisher of Farm
Press Publications; founders of the award. "The
distinction of being named a Peanut Profitability
winner is reserved only for those producers who
balance production costs with excellent yields and
quality, across their entire peanut production
system.
"Our Southwest winner does an
excellent job of managing fixed costs, which is an
important component of the award criteria", says
Marshall Lamb, research director for the National
Peanut Research Lab in Dawson, Ga., and advisor
for the Farm Press Peanut Profitability Awards.
Click here for more on this year's
Peanut Profitability Award winner.
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This
N That- Wheat Commission Meets After Lunch Today-
and a Few More Farm Bill Tidbits
It's
their first meeting of the new Fiscal Year for the
Oklahoma Wheat Commission- and
they have a lengthy agenda as a result for their
July Board meeting- which is scheduled to start at
1:00 PM this afternoon at the Oklahoma Department
of Agriculture. Click here for our calendar item
on this event- which will take you over to their
full agenda for you to see as well.
Speaking
of the Calendar- thanks to many of you that have
sent us calendar items to include on our website's
calendar listing- we encourage you to keep those
items coming- best way is to email me- just click
here and that will jump you over to your email
program- or use the email address listed at the
bottom of the email and send your info that way-
Thanks in advance for keeping us in the loop on
things in your part of agriculture!
FINALLY-
a couple of more notes on the upcoming House Ag
Committee Farm Bill markup- one reason, we are
placing a little bit of extra attention on this is
the historic nature of today- for the
first time in the history of the state of
Oklahoma- we have an Oklahoma Congressman
chairing a markup of federal farm legislation-
Frank Lucas is our first ever
Chairman of the House Ag Committee- (Have never
had a Senate Ag Committee Chair) and the crowning
achievement of any Ag Committee Chair is to shape
federal farm policy as it is written every four,
five or six years. The farmer-rancher from Roger
Mills County is in the eye of that storm as his
"Chairman's Mark" is advanced today.
The
late word we have from Committee staff is that
they have about 30 amendments they knew about as
of late yesterday afternoon- they will start at 9
AM central time- you can watch on Cspan 3- or on the House Ag Committee website- and
we will be posting periodic stories on our
website- OklahomaFarmReport.Com as well as
"Tweeting" throughout the process. Click here to follow our tweets-
even if you don't have a Twitter account- this
link will allow you to see our stream of comments
as debate unfolds. It should be an
interesting process.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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