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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 $13.47 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
Friday, July 20,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Almost
Two-Thirds of Oklahoma Now in Severe to Extreme
Drought
Drought
in Oklahoma continued to expand with all but a
tiny sliver of southern Love County now being
designated as Moderate Drought or worse. The
percentages for severe to extreme drought in the
state has jumped dramatically in the last seven
days from just over 38% to more than 64% in those
two categories of the dryness ranking. This latest
Drought Monitor update- as seen above- shows that
none of Oklahoma is considered to be in
exceptional drought- compared to almost 43% of
Oklahoma that was in that worst drought category
one year ago.
Nationally- the July 17,
2012, U.S. Drought Monitor map showed increases in
the area of the United States in all categories of
drought, setting a record for the third
consecutive week for the total area of the country
in drought during the 12-year history of the map.
As of July 17, 53.17 percent of the country was in
moderate drought or worse, up from 50.92 percent a
week earlier. You can see the latest National
Drought Monitor Map at the bottom of this
story.
"We continue to see drought
spreading and intensifying," said Brian Fuchs,
climatologist and U.S. Drought Monitor author at
the National Drought Mitigation Center, based at
the University of Nebraska-Lincoln. "Even though
we've made improvements in places like Texas where
they've had rain, drought has expanded in other
areas, like eastern Iowa."
Click here to see the latest Oklahoma
drought map, and to read more details
on this story.
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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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Noem
and Welch Lead Bipartisan Group of 62 Urging Vote
on Farm Bill- Still No Decision on Floor Time Made
by the Speaker
Reps.
Kristi Noem (R-S.D.) and
Peter Welch (D-Vt.) are leading a
bipartisan group of 62 House members urging House
leaders to bring the Farm Bill (H.R. 6083) to a
vote before August. The House Agriculture
Committee passed the Farm Bill by a strong
bipartisan vote of 35 to 11 on July 12th.
In a letter to Speaker John Boehner
(R-Ohio), Majority Leader Eric Cantor (R-Va.),
Democratic Leader Nancy Pelosi (D-Calif.) and
Democratic Whip Steny Hoyer (D-Md.), Noem, Welch
and their colleagues are requesting floor time to
consider the bill so that it can be debated,
conferenced, and ultimately passed into law before
the current Farm Bill expires on September 30th.
The letter is signed by 38 Republicans and 24
Democrats.
In their
letter, the members write, "The message from our
constituents and rural America is clear: we need a
farm bill now. We ask that you bring a farm bill
up before the August District Work Period so that
the House will have the opportunity to work its
will. We ask that you make this legislation a
priority of the House as it is critically
important to rural and urban Americans alike."
You'll
find the full text of the letter and a full list
of the signers on our website. Go there by clicking here.
The
late word as of Thursday evening was that
there is still no decision on floor time for the
2012 FARRM bill as passed by the House Ag
Committee a week ago. In the weekly National
Association of Wheat Growers newsletter released
Thursday afternoon- NAWG says "As of
Thursday afternoon, House Speaker John Boehner
(R-Ohio), who effectively controls the floor
schedule along with House Majority Leader Eric
Cantor (R-Va.), had not made a decision about
floor time."
Besides
the letter we mentioned, NAWG says other pressure
continues to be applied- "Calls for House
consideration of the bill this summer, which is
necessary to finalize new farm and food policy by
the time current law expires on Sept. 30, also
continue to come from farmers and rural
constituents through Hill visits and calls, media
interviews and social media using the hashtag
#farmbillnow.
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House
Version of Farm Bill Has Advantages Over Senate
Version, AFR President Says
Terry
Detrick, a farmer from Ames, Oklahoma,
and the president of the American Farmers and
Ranchers Insurance, has been keeping an eye on the
2012 farm bill as it makes its way through
Congress. He recently spoke with Ron us about how
his members see the debate shaping up.
"We
like the House version much better than we do the
Senate version. And one of the primary reasons we
do is because the House version includes some
target prices. You know, so many times it's easy
for us to get lured into the thoughts that oil
prices are pretty good now and we'll never see low
prices again. That's never been the case. And we
will see low prices again. The House version
recognizes that."
Though farmers and
ranchers may prefer the House bill here in
Oklahoma, it is not very popular with liberals in
Washington, Detrick says.
"One of the
things that's unpopular about with it in
Washington , D.C., is how many cuts they gave to
the nutritional programs, that they gave a lot
more in the House than the Senate did, but there's
absolutely zero intent to deprive anyone of food
to eat. All that the House bill does is to try its
best to close some abuse loopholes. And there have
been abuses. And they have addressed those
extensively."
Terry
Detrick has a lot more to say about the drought
and the upcoming AFR state meetings. You can hear our conversation by
clicking here. Terry will also be my
guest on "In the Field" this Saturday morning
about 6:40 on News 9.
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Study
Supports Need To Reform Ethanol Production
Mandate, Livestock and Poultry Groups Say
In
response to a new economic study on the impact of
corn ethanol production on food prices and
commodity price volatility, a coalition of
livestock and poultry groups is urging Congress to
reform the federal Renewable Fuels Standard (RFS),
which mandates the amount of ethanol that must be
produced annually.
Conducted by Thomas
Elam, Ph.D., president of FarmEcon LLC, an Indiana
agricultural and food industry consulting firm,
the study found that federal ethanol policy has
increased and destabilized corn, soybean and wheat
prices to the detriment of food and fuel producers
and consumers.
The RFS, first imposed in
2005 and revised in 2007, this year requires 15.2
billion gallons of ethanol to be produced. Most of
that amount is blended into gasoline at 10
percent.
"The increases we've seen in
commodity prices are strongly associated with the
RFS mandate," said Elam. "At the same time, we
haven't seen the promised benefits on oil imports
or gasoline prices. This means that while
Americans are forced to pay more for food, they're
also not seeing lower prices at the pump; it's a
lose-lose situation."
Click here for more on this story and
to find a link to the full study.
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Ethanol
Producers, Corn Growers Take Exception to
Livestock Groups' Stand Against RFS
Corn
growers and ethanol producers responded to
livestock industry groups testifying in Congress
about the Renewable Fuels Standard.
Growth
Energy CEO Tom Buis was extremely
critical of the poultry and livestock lobbyists
who tied higher grain prices to the government's
mandate for increasing amounts of
biofuels.
"While
farmers across the country are dealing with a
severe drought, the livestock lobby is spreading
misinformation and taking advantage of this crisis
by playing on people's fears during a time of
economic turmoil. This is nothing more than an
orchestrated attempt to place blame on American
ethanol producers for rising food
prices."
(You can read more from Growth Energy
by clicking here.)
National
Corn Growers of America President Garry
Niemeyer was a little more circumspect
with his comments, but is clearly against any
change in the RFS.
"When
it comes to the Renewable Fuel Standard for
ethanol and other biofuels, now is not the time
for changes. It's working. The RFS is revitalizing
rural America, reducing our dependence on foreign
fuel and reducing the cost of gasoline. Making
changes to the RFS now would only ensure that
consumers suffer due to significantly higher fuel
prices."
(Click here for more from Garry
Niemeyer.)
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Anderson
Says Corn, Wheat May Become Uncoupled in Grain
Markets
Kim
Anderson, Oklahoma State University grain
marketing specialist, says conditions are right
for corn and wheat to come uncoupled in the
markets. He says the deepening drought and
decreasing stocks may have a long-term
impact.
"The drought has been responsible
for a couple-dollar increase in corn prices and
wheat prices, but I think that drought impact is
slackening now. I think the market is starting to
look at more demand issues, things that are going
on in the market, and some supply.
"If you
look at corn, they're talking about not having
enough corn either to meet our feeding needs or
export needs or the ethanol needs. So, something's
got to give there. The EPA said that we're not
going to reduce EPA standards."
Anderson
said the price of wheat could come uncoupled from
the corn price if we lose a little more wheat
production.
"I think wheat stocks are
tight enough that wheat could divorce itself from
the corn price and no longer be a follower and
wheat prices could go on up irrespective of what
corn does."
Click here for more of Kim Anderson's
analysis of the grain markets. You'll
also find the full lineup for this weekend's
SUNUP program on OETA stations.
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'Master
of Beef Advantages' Program Increases Sales
Through Education
When
customers know more about a particular product,
sales tend to go up. That's the driving principle
behind the Certified Angus Beef "Master of Beef
Advantages" program. It is a hands-on effort to
educate professionals all along the food
chain.
The course includes ranch, feed lot
and lab visits and a sales sessions. The 2012
summer class is currently
underway.
Instructors have found it hard to
convey a ranchers' passion without being there in
person. They've also found it difficult to
describe cutting techniques from a Powerpoint
presentation, so they give the students actual
hands-on experiences all along the way.
Check out the video coverage of CAB's
MBA program by clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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