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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 $12.49 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, August 3, 2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Livestock
Disaster Package Passes After House Ag Committee
Chairman, Ranking Member Urge
Passage
The
House of Representatives voted 223-197 to adopt
H.R. 6233, the Livestock Disaster Package. House
Agriculture Committee Chairman Frank
Lucas and Ranking Member Collin
Peterson both took to the House floor to
urge passage of the $383-million bill designed to
assist farmers and ranchers struggling with
drought.
During floor debate, both members
said the measure is a stop-gap measure with many
flaws, and they would have preferred the House
take up the full farm bill that would provide a
comprehensive safety net, but there was no chance
of that before the summer recess.
"What we
are doing is fixing a problem," Lucas said. "We
are backfilling a hole or fixing a deficiency. I'm
not here to point fingers; I was elected to fix
problems. We have drought. We don't have a
disaster program and I'm here to provide a
solution.
"Now, in past years we might
just wave our hand and declare this emergency
spending. But we tend not to do that anymore,
thank goodness. So this bill pays for itself. And
not only does it pay for itself, it gives
$250-million to debt reduction.
"To me,
that sounds like fixing a problem."
Lucas
said he was not pleased with diverting funds
budgeted to the EQIP and CSP programs to pay for
disaster assistance, but he explained that both
programs were still receiving large increases over
past years.
You can read more of Representative
Lucas's and Representative Peterson's comments or
listen to their remarks from the House floor by
clicking here.
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Sponsor
Spotlight
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attention now turns to this coming December's
Tulsa Farm Show - the dates for
2012 are December 6 through the 8th. Click here for the Tulsa Farm Show
website for more details about this tremendous
all indoor farm show at Expo Square in Tulsa.
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
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Lucas
Says Thanks- Roberts is Tweeting Mad and August
Recess Ushers In Uncertain Future for 2012 Farm
Bill
Right
after the vote on the House floor Thursday
afternoon, the Chairman of the House Ag Committee,
Oklahoma Third District Congressman Frank
Lucas thanked his colleagues for support
of the Livestock Disaster Assistance- ""Given that
vast areas of productive pastureland are burning
up and our agricultural producers are in dire
need, I'm pleased that the House approved this
disaster assistance measure. It provides risk
management tools to those ranchers who are
currently exposed. This is not a long-term
solution, but it takes care of the problem until
we can get a five-year farm bill on the books and
put those policies in place." (Click here for the full Lucas
statement)
The
only problem is that the Senate Democratic
leadership was already busy packing their bags for
vacation- with Chairlady of the Senate Ag
Committee miffed that the House GOP Leadership
refused time to debate the five year farm bill-
Senator Debbie Stabenow saying
"By refusing to bring up the farm bill,
House leadership is doing what Congress always
does - kicking the can down the road instead of
coming together to solve problems" (per David Rogers at
Politico.Com. Stabenow does pledge to
meet with Mr. Lucas and others during the August
recess to try to figure out a path to getting a
farm bill deal done.
GOP
Senator Pat Roberts of Kansas was
seeing red as he tweeted and offered a statement
after the Senate's adjournment until after the
Labor Day holiday- "Senate Dempcrats ignore
drought. Favor politics over farmers &
ranchers. " Click here for his full statement
blasting Harry Reid and company
on this stand.
Meanwhile,
David Rogers also points out that Speaker
John Boehner is not interested in
bringing up a bill that he sees as a no win deal-
in his weekly media availability- Boehner voices
his opinion that he has not seen 218 votes out
there that would pass a farm bill through the
House- echoing the thought that (as
Congressman Lucas acknowledged on the floor
Thursday) those on the left think nutrition
programs were cut too much and those on the right
think deeper cuts must be put in
place.
Where
does this leave us as Congress takes the rest of
August off- likely meeting with lots of folks back
home in a variety of settings? The answer
may come from how much tougher this drought gets-
which would up the pressure on many lawmakers who
may come back to DC- ready to challenge Eric
Cantor and John Boehner- on their "No Farm Bill
Debate" stand.
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Congressmen
Join Livestock Producers in Call for EPA Waiver of
Renewable Fuel Mandate
Congress
has waded into the fray between livestock
producers and ethanol refiners. In a letter
to the Environmental Protection Agency, 156
members of Congress urged the EPA to act
immediately to reduce the Renewable Fuels Standard
(RFS) mandate to account for the severe
anticipated corn shortage.
The
letter urged prompt action by the EPA to help ease
short corn supply concerns that would save jobs
across many U.S. industries and keep families fed.
"We strongly urge you to exercise your authority
and take the necessary steps to protect American
consumers and the economy," the representatives
wrote. Click here for more.
The
National Pork Producers Council was quick to
praise lawmakers for requesting the waiver to help
livestock and poultry producers weather the worst
drought in more than 50 years. You can read their statement by
clicking here.
Renewable
Fuels Association President Bob
Dinneen was equally quick on the draw,
calling the Congressmen's letter "not only
premature, but void of justification." He
said, "Waiving the RFS will not make it rain in
Indiana, bring pastures to life in the Plains, or
meaningfully lower corn prices." You'll find more from Bob Dinneen by
clicking here.
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Corn
Imports Blunt Impact of Tight Stocks, Draw Prices
Lower, Anderson Says
In
this week's SUNUP preview, OSU Grain Marketing
Specialist Kim Anderson says
there are technical signs grain markets have
peaked with corn and wheat prices falling
off.
"Technically we got up there at low
volume and declining open interest, both signs the
buyers just aren't there. What we saw was corn led
the prices up. Wheat seems to be leading the
prices back down."
He says supply and
demand are driving the markets now, and will
continue to do so as the drought cuts into corn
production.
"There's just lack of supply.
You go back four months, actually go back to the
June report, 166 bushels per acre, 114.4 billion
bushels of corn production, more than adequate
corn, building stocks to 1.8 billion bushels
ending stocks. As we look at it
now this week, the report came out 124 bushels per
acre 111.1 billion bushels. Ending stocks with
that amount of production-if something doesn't
change-you're talking about five or 600-million
bushels. That's just not adequate corn, very tight
corn stocks."
Even with tight stocks
expected in the future, Anderson says there are a
couple of reasons for recent price
declines.
"The prices are like a pendulum:
they swing too low then they swing too high. This
time they swung, they hit $8. There seems to be a
wall there at $8. Plus, we imported corn in the
last couple of weeks."
You can hear the rest of Anderson's
analysis and see the lineup for this week's SUNUP
by clicking here.
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Trent
Loos Educational Video Debuts at Ag in the
Classroom Summer Conference
An
educational video aimed at explaining pork
production to elementary school children will be
premiered at the Oklahoma Ag in the Classroom
summer conference today at the Embassy Suites
in Norman.
The video features
nationally-known humorist and columnist
Trent Loos discussing the humane
care of animals and the many nutritional benefits
of pork. Loos, a Nebraska farmer and rancher, is
the keynote speaker for the conference which
begins at 9 a.m. Loos hosts a daily radio show,
Loos Tales, and is founder of Faces of
Agriculture, a non-profit organization putting the
human element back into the production of food.
Copies of the video, sponsored by the
Oklahoma Farm Bureau Women's Committee, will be
distributed without charge to every school
district in the state.
More than 300
Oklahoma teachers are expected to attend the
summer conference.
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Services
for Earl Abernathy- One of the Founders
of the Oklahoma Wheat Commission- Held Yesterday
in Altus
Jackson
County Wheat and Cattle producer Earl
Abernathy passed away earlier this week-
and services for him were held yesterday at the
First Baptist Church in Altus.
Abernathy
was one of the founders of the Oklahoma Wheat
Commission- a Past President of the Oklahoma Wheat
Growers Association and a recipient in years gone
by of the Mr. Wheat award from the Oklahoma wheat
industry.
He
was also an Angus producer- and served as a
member of the Board of Directors of the Oklahoma
Angus Association. He also received the honor as
being named "Mr. Angus" by the organization and
was also inducted into to the Oklahoma Angus
Breeder Hall of Fame.
Click here for the full obit of Earl
Abernathy- and you'll notice at the top of the
page that you can actually watch a webcast of the
services from yesterday if you were not able to
attend. Apparently, that's a regular service of
the Funeral Home that coordinated the services for
Earl's family.
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Truly
Unique Cafe 33 in Perkins Named the Latest
Legendary Restaurant of
Oklahoma
From
the tried and true to the truly unusual, you'll
find it at Café 33 in Perkins, our latest
Legendary Restaurant of Oklahoma.
Located
in the sale barn west of town on the south side of
Highway 33, Café 33 has been in business for over
a decade under a couple of different names.
Current owner K.J. Hamel says her
staff works hard to offer unique twists on
old-time favorites while creating new and exciting
dishes to keep the menu fresh.
From
signature burgers to their unique Peaches and
Crème Omelet, K.J. says there's something for
everyone on the menu. She says her staff insists
on one thing you might not expect from a café with
a humble home inside a sale barn--quality. She
also owns a catering company and they make as much
from scratch as they possibly can--everything from
dressings to desserts.
Café 33 is open from
6 a.m. to 2 p.m. Monday through Saturday and
features a warm, western, family
atmosphere.
As a Legendary Restaurant of
Oklahoma, Café 33 is offering limited number of
half-price gift certificates. Click here to take
advantage.
You can listen to an interview with
K.J. Hamel as she tells us more about the
Cafe 33 in Perkins.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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