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Let's Check the
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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 $11.99 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,
August 8,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Applying
Lessons Learned in 2012 Could Make a Big
Difference in the 2013 Crop, Edwards
Says
Dr.
Jeff Edwards, OSU Extension small grains
specialist, said there are a number of lessons
learned from this year to be applied to next
year's crop.
Speaking with us at the
Oklahoma Wheat Commission's 2012 Wheat Review at
Redlands Community College in El Reno, Edwards
said there are a number of things producers should
be considering as we approach the planting season,
but one item more than all the rest should take
center stage.
"The main thing people need
to be focusing on right now is going out and
pulling soil samples. Not only to monitor soil pH,
but to look at the amount of nitrate nitrogen
there available in the soil profile. That's going
to have a value to you of about 60 to 65 cents per
pound. That's a really good return on investment
for spending a little time out there with a soil
probe."
Edwards said there were a few
surprises in the 2012 crop, most notably some
changes in diseases. He said those changes will
have an impact on variety selections.
"We
had a shift in the stripe rust race that we were
dealing with and that kind of caught us by
surprise. We weren't expecting that. Some of our
newer varieties, Armor, Everest, Pete, Garrison,
got hit by stripe rust and it kind of caught us
off guard.
"So, I think one of the
questions going into 2013 that producers must ask
themselves is 'Am I willing to spray a fungicide?'
because that's going to have a huge effect on the
variety you choose to plant this fall. If you're
not willing to spray a fungicide, then there are
several varieties you just need to avoid. If you
are willing to apply a fungicide, if that's
something you want to keep on the table as an
option, then we have a lot more choices out there
and you can go with one of these varieties that
will still yield very well as long as you protect
that flag leaf with a fungicide."
You can hear our full interview with
Jeff Edwards by clicking here.
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We
are proud to have KIS
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livestock and grain markets- Click here for the free market quote
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available at the App Store- click here for the KIS
Futures App for your iPhone.
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FSA
Offers Assistance for Producers Affected by Recent
Wildfires
Francie
Tolle, executive director for Oklahoma
Farm Service Agency (FSA), announced farms and
ranches suffering severe damage by recent
wildfires may be eligible for assistance under the
Emergency Conservation Program (ECP).
"Assistance is available to restoring or
replace permanent fences damaged during the
devastating wildfires," said Tolle. "I encourage
everyone who had fences damaged or destroyed to
visit their local FSA office and learn more about
ECP before repairs are started."
The ECP
provides cost-share assistance to affected
producers at a rate not to exceed 75 percent of
the eligible cost of restoration measures.
Producers will need to contact the local FSA
office for a review of their situation before
repairs begin.
FSA also has an Emergency
Loan Program available at a 2.25 percent interest
rate to assist producers Tolle noted. An expedited
loan process has been approved to process these
loans that involving feed losses such as hay
destroyed by the wildfires.
For more information and a link to
the FSA website, please click here.
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Continuing
Drought Forces Cattle Producers to Revisit
Difficult Marketing Decisions
In
the Cow/Calf Corner of this week's extension
newsletter, OSU Extension Livestock Marketing
Specialist Derrell Peel says as
drought conditions deepen, some cattle producers
are experiencing déjà vu.
Oklahoma
pasture and range conditions are deteriorating
rapidly and some producers are facing decisions
that are a bitter flashback to last year. However,
conditions so far are nowhere near as severe as
last year with the possible exception of the
western tier and Panhandle counties where
conditions never recovered much from last year.
This is borne out in the most recent range and
pasture conditions where 24 percent of the state
is rated very poor compared to 57 percent at this
time last year. Last year 86 percent of the state
was rated poor or very poor at the end of July
compared to 64 percent this year. However, just
four weeks ago only 22 percent of Oklahoma range
and pasture was rated poor to very poor, so the
jump to 64 percent shows just how fast conditions
are deteriorating.
Similarly, the
production and marketing decisions for cattle
producers have so far not been as challenging as
last year. I have recently received several
anecdotal reports of producers selling or moving
cattle due to lack of forage but nothing compared
to a year ago. In the last four weeks since July
4, total receipts of feeder cattle at the seven
federally reported Oklahoma cattle auctions are
down 40 percent from the same period one year ago.
This amounts to some 64,000 head fewer feeder
cattle marketed in the last month compared to one
year ago. The decrease in cow sales is even more
dramatic. Auction receipts of cows in the last
four weeks are down 77 percent from last year. The
fact that total Oklahoma cow numbers are down
would explain some decrease in cow sales but the
decrease this year clearly indicates that if herd
liquidation in Oklahoma is occurring this year, it
is at a significantly smaller rate than last
year.
Click here for more of Derrell Peel's
analysis of how cattle producers are changing
strategy to handle this year's
drought.
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President,
Administration Increase Executive Branch Drought
Response
As
communities across the country struggle with the
impacts of one of the worst droughts in decades,
President Obama is committed to ensuring that his
Administration is doing everything it can help the
farmers, ranchers, small businesses, and
communities being impacted.
To respond to
immediate needs, the U.S. Department of
Agriculture (USDA) and other federal agencies are
using their existing authorities wherever possible
to address the hardships arising from the lack of
water, feed, and forage. Within the last month,
USDA has opened the Conservation Reserve Program
to emergency haying and grazing, has lowered the
borrower interest rate for emergency loans, and
has called on crop insurance companies to provide
more flexibility to farmers. The
Department of the Interior has provided additional
grazing flexibility on federal lands and the Small
Business Administration is working to help with
access to investment capital and credit in
affected communities.
The White House
announced several new measures to help those
impacted by the drought, including providing
additional assistance for livestock and crop
producers, increasing the capacity for lending to
small businesses, and waiving certain requirements
on trucks helping to provide
relief.
To view a synopsis of relief measures
by various agencies, click here.
You
can also check out the President's comments made
to the Rural Council yesterday in the White House-
click here for that.
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Wheat
Foods Council Tackles Misperceptions About Effect
of Gluten in the Diet
Wheat
is getting a bad rap in some circles with the
growing popularity of the gluten-free diet.
Judi Adams of the Wheat Foods
Council says disseminating the truth about gluten
and positive role wheat products play in a healthy
diet is one of her organizations priorities for
the coming year.
Speaking at the 2012 Wheat
Review conducted by the Oklahoma Wheat Commission,
Adams said, "The Wheat Foods Council's role is to
really help improve consumers' perception of wheat
products so they will consume more, theoretically.
And we think it does work. Once we get all the old
wives' tales put behind them and show them what
science really says about wheat, they're more
likely to eat it."
Gluten is, of course, a
hot-button issue of late for some people, Adams
said and "people are getting this misperception
about the wheat that they eat today is different
than it was 50 years ago. And, at this point in
time, there's no proof to that. Nobody's done the
research to show that it's any different, that
it's not as good as it used to be so we're trying
to get those two messages out."
She said
gluten in wheat is a very serious issue for the
small percentage of people who do suffer from
celiac disease or non-celiac gluten sensitivity,
but that's only about seven percent of the
population. Even so, she said, about 30 to 40
percent of the population is looking for
gluten-free products.
You can read more about the work of
the Wheat Foods Council and listen to our
interview with Judi Adams by clicking
here.
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Citing
Record Drought, Senators Ask EPA to Adjust Corn
Ethanol Mandate
With
the record drought spreading across major cropland
of the continental United States causing the corn
harvest to shrink and prices to spike, 25 U.S.
senators urged EPA Administrator Lisa Jackson to
use her existing waiver authority as soon as
possible to adjust the corn-ethanol mandate for
the Renewable Fuel Standard (RFS).
"As
stressful weather conditions continue to push corn
yields lower and prices upward, the economic
ramifications for consumers, livestock and poultry
producers, food manufacturers and foodservice
providers will become more severe," the senators
wrote in a letter to Jackson. "We ask you to
adjust the corn grain-ethanol mandate of the RFS
to reflect this natural disaster and these new
market conditions. Doing so will help to ease
supply concerns and provide relief from high corn
prices."
The letter cites U.S. Department
of Agriculture data that recently rated only 23
percent of the corn crop as good to excellent and
50 percent as poor to very poor because of
persistent extreme heat and drought.
Click here for more, and a complete
list of the Senators who signed the letter to Lisa
Jackson.
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This
N That- Oklahoma Board of Ag Okays OYE Funds, Ag
Leadership Golf Tournament Set and Coburn Town
Halls Added
The
regular monthly board meeting of the Oklahoma
State Board of Agriculture was held at the ranch
and pecan operation of Oklahoma Farm Bureau
President Mike Spradling on
Tuesday afternoon- and among the business items
considered by the board was the dispersing of
funds authorized by the State Legislature earlier
this year. One of the items approved on Tuesday
that had drawn some criticism was a one time two
million dollar earmark for the Oklahoma
Youth Expo. The Board also gave the
okay to a much smaller, recurring level of support
to the Tulsa State Fair Junior Livestock Show, as
well as money to help in the operation of the
Oklahoma Ag Leadership Program that is operated by
the Division of Agriculture at Oklahoma State
University.
Speaking
of the OALP- the alumni group of that program,
Ag Leadership Oklahoma (ALO) is
planning a golf tournament in Stillwater later
this month and the President of the Alumni group
is Hope Pjesky- she asked if I
might share a quick word from her to you-
"Agricultural Leadership of Oklahoma (ALO) and the
Oklahoma Agricultural Leadership Program (OALP)
need your help! The ALO Golf Scramble to
benefit OALP is two weeks away on Wednesday,
August 22nd before the Welcome Dinner for the new
OALP class and registrations and sponsorship are
due in one week on August 15. We REALLY need
teams. If you play golf or know someone who
plays golf we need you. Please contact
companies that you do business with, banks,
attorneys, accountants, insurance agents,
equipment dealers, input suppliers, places where
you market your products, your employer,
organizations you are involved in, etc. and see if
they would be willing to sponsor a team or the
tournament. Click here for more details about the
tournament planned for August 22.
Senator
Tom Coburn's ears may have been burning
as his name was brought up in the report made by
Tim Bartram of the Oklahoma Wheat
Growers Association on Tuesday to the regular
board meeting of the Oklahoma Wheat Commission-
Bartram says his group has been urging our Junior
Senator to back off his attacks on the Market
Access Program that helps promote US farm products
into the global marketplace. While, even as
he was talking about this with the Commission, my
email dings and there are details of more Senator
Coburn Town Hall meetings this month- he's been
holding several this week in eastern Oklahoma
venues- next Monday- he has a day of meetings
planned for north central Oklahoma- pretty good
wheat country. For those of you in either
eastern Oklahoma or in the north central part of
the state- your chance to interact with Dr. Coburn
is coming up- details on our website are on our
calendar page- click here for
that.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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