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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
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Feeder
Cattle Recap:
The
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Slaughter
Cattle Recap:
The
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
TCFA
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Finally,
here is the Daily Volume and Price Summary from
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Tuesday,
November 13,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
September
Pork Exports Steady; Beef Exports
Lower
U.S.
pork exports in September were steady with last
year's volume, while beef exports were well below
a year ago. Despite sluggish volumes, however, the
value of both pork and beef exports through the
third quarter of 2012 remains ahead of last year's
record-setting pace, according to statistics
released by USDA and compiled by the U.S. Meat
Export Federation (USMEF).
"We are
definitely in a challenging economic environment,
which is making it difficult to match last year's
export volumes," said Philip
Seng, USMEF president and CEO. "But our
products continue to command an excellent price in
the international markets and provide substantial
returns to U.S. producers, which is critically
important at a time when they face extremely high
production costs."
September pork exports
reached 183,853 metric tons (mt), slightly
exceeding last year's total. Though export value
declined 6 percent compared to last year to $505
million, it was about 2 percent higher than the
August value of $495.5 million.
With fewer production days
this year, September beef production declined 9
percent and exports fell 17 percent in volume to
90,538 mt. September export value dropped 4
percent to $442.8 million, but was significantly
higher on a per-head-of-fed-slaughter basis -
increasing 7 percent to $227.65.
You can read the full story by
clicking here.
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Sponsor
Spotlight
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is great to have as a regular sponsor on our daily
email Johnston Enterprises-
proud to be serving agriculture across Oklahoma
and around the world since 1893. Service was the
foundation upon which W. B. Johnston established
the company. And through five generations of the
Johnston family, that enduring service has
maintained the growth and stability of Oklahoma's
largest and oldest independent grain and seed
dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
We
are pleased to have American Farmers
& Ranchers Mutual Insurance
Company as a regular sponsor of our
daily update. On both the state and national
levels, full-time staff members serve as a
"watchdog" for family agriculture producers,
mutual insurance company members and life company
members. Click here to go to their AFR
website to learn more about their
efforts to serve rural
America!
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Farmland
Trust Leader Optimistic Congress Can Move Farm
Bill Forward During Lame Duck
Session
Washington,
D.C., seems set for business as usual following
the outcome of last week's general elections.
President Barack Obama remains in the White House.
The Senate remains in Democrat hands and the House
remains under Republican control. That particular
equation set the stage for four years of gridlock,
a stalled farm bill, and the spectre of a fiscal
cliff. For Jon Scholl, president
of the American Farmland Trust, that is a cause
for concern. He said business as usual
is not acceptable if farmers and ranchers are to
be able to feed 10 billion people by the middle of
this century.
"Obviously, we really
have a number of issues we need to have action on.
The farm bill is certainly the top of the list of
our priorities, but there's an awful lot of
uncertainty with the tax and budget issues as well
when it comes to the issue of estate tax, for
instance. They really have a definite impact in
terms of how people hold land-land that's
transferred from one generation to the next-and
being forced to sell in order to pay the estate
tax burden. So, there's a number of issues that we
just can't afford to have status quo. We've got to
get some action."
Uncertainty when it comes
to farm policy, Scholl said, makes it very
difficult to support farmers, conserve farmland,
and protect natural resources. Despite the
difficulties, Scholl said he's more optimistic
than most that the lame duck Congress can take
positive action during the lame duck session.
"I think we've already got an awful lot of
work done on the farm bill-passed out of the
Senate, passed out of the House ag committee-that
we've got a minimum of $23 billion in cuts that
are being made to farm programs. And I think when
you look at what the priority of Congress is going
to be over the next couple of months, getting some
sort of tax and budget deal, that's going to be
awfully hard to resist not picking that up,
including the farm bill provisions, and take
credit for those cuts in a broader package."
I
spoke with Jon at length recently, and you can
read more and hear our full conversation by
clicking
here.
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Oklahoma
Beef Council Helps Consumers in Dubai Discover
High-Quality U.S. Beef
Thanks
to funding support from the Oklahoma Beef Council,
U.S. chilled beef is now widely available in Dubai
- one of the world's fastest-growing retail
markets. Home to more than 2 million people, Dubai
is the main economic hub of the United Arab
Emirates (U.A.E.), which has developed into a very
strong destination for U.S. beef. Many factors are
contributing to this expansion, including strong
economic growth, growing acceptance of modern
retail concepts and increasing household
consumption by both native and expatriate
populations.
The Oklahoma Beef Council
funded product cooking and sampling sessions for a
10-week period this summer and early fall,
demonstrating the unique quality characteristics
of U.S. chilled beef - including tenderloin,
sirloin, ribeye and rump steak - in 16 major
retail outlets in the U.A.E. While the response
from in-store consumers was very positive, these
promotional sessions also served a broader
purpose. USMEF invited U.A.E. importers to attend
the demonstrations on a daily basis so they could
see firsthand the remarkable potential for
high-quality cuts of U.S. beef.
"These
retailers make up an interesting cross-section of
the U.A.E.'s supermarket sector," said Dan
Halstrom, USMEF senior vice president for
global marketing and communications. "With 70
locations across the Gulf Region, Lulu is a true
leader in the hypermarket concept - putting
virtually all household needs under one roof.
Choithram has 33 locations, but is very much a
local chain specializing in high-end food items.
Al Maya provides a happy medium - it's a
multi-purpose supermarket, but on a smaller scale
than the hypermarket chains."
Click here to read more.
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Rain,
Feeder Cattle Totals, Cull Cow Sales, Stocker
Prices All Fall
In
the latest edition of the Oklahoma State
University Extension Service's Cow-Calf
Newsletter, Derrell Peel analyzes
recent rains and the trend in feeder cattle, cull
cow sales, and stocker calf
prices.
Much of Oklahoma got some rain
over the weekend with amounts ranging from less
than one quarter inch to about an inch. The rain
was very timely and much appreciated but will not
be enough to produce much wheat pasture or rebuild
soil moisture. It does, however, buy some time for
wheat to hang on until more moisture can perhaps
arrive. It is unlikely that this
rain produced any runoff to replenish livestock
ponds and stock water will continue to be one of
the most critical factors for many producers.
Feeder cattle auction totals the past four
weeks are about 7 percent below the same period
last year. However, last year by late October and
November, feeder runs were less than usual for the
period because so many calves had been marketed in
September and early October. The auction total for
the last four weeks is down 16 percent from a more
typical run in 2010. In the month of September,
2012, auction totals were down about 11 percent
from 2010, compared to last year when the
September total was up 22 percent from 2010. The
bottom line is that the fall feeder run is rather
typical in terms of timing but is down simply
because there are fewer calves. Remember that
Oklahoma beef cows decreased nearly 15 percent in
2011 and few, if any, were replaced in
2012.
Click here for more from Derrell
Peel.
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Castles
Named OFB Farm Family of the
Year
Richard
and Cecelia Castle of Alfalfa County were
named Farm Family of the Year at Oklahoma Farm
Bureau's 71st Annual Convention Nov. 10, in
Oklahoma City.
The Castles were one of six
OFB district farm family finalists, chosen for
their ability to best represent farming and
ranching and the spirit of Oklahoma agriculture.
As state winners, the family received the use of a
General Motors pickup for one year, a free trip to
the American Farm Bureau Federation Convention
next January in Nashville, Tenn., and other
prizes.
The Castles began their farming
career in 1960, after they graduated from Oklahoma
State University. The couple rented a farm from
Richard's parents and raised wheat and hogs.
Today, their operation consists of more than 6,000
acres of wheat, milo, alfalfa and pastureland and
150 cow/calf pairs. They also run about 2,000
stocker cattle each year.
Richard and
Cecelia have three children and 13 grandchildren,
who all live close to the family farm. Their son,
Kent, works full-time for the farm and their
grandson, Colton, also recently joined the
operation.
I
spoke with Richard at the award ceremony and you
can listen to the interview by clicking
here.
Several
other awards were made by the Oklahoma Farm Bureau
at their annual meeting and you can read more
about them by clicking on the links below:
Wichert Honored with OFB
Distinguished Service Award
Fairview County Couple Wins Young
Farmers and Ranchers Achievement
Award
Alfalfa County Couple Wins Young
Farmers and Ranchers Excellence in Agriculture
Award
Clint Wilcox of Fairview Captures the
Discussion Meet Championship- Headed to Music City
USA in January to Represent Oklahoma
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Environmental
Working Group Asks Congress to Support Stewardship
Over Insurance Subsidies
In
the following editorial, Sara
Sciammacco, communications director of
the Environmental Working Group, calls on Congress
to pass the 2012 Farm Bill or an extension of the
2008 Farm Bill, paying particular attention to
environmental concerns and small
farmers.
With only five legislative
weeks left, Congress must vote to extend the farm
bill, but it must do it in a way that reflects the
nation's spending priorities, supports family
farmers and protects the environment.
Most
of all, lawmakers should ensure that critical
conservation programs that expired with the old
farm bill at the end of September have full
funding, including programs that protect and
restore wetlands and grasslands.
Since
2008, crop insurance subsidies and ethanol
mandates have led farmers to plow up more than 23
million acres of wetlands and grasslands - an area
the size of Indiana. That has to stop. Land
protection programs such as the Wetlands Reserve
Program must not sit idle. This year's devastating
drought is a compelling reminder of why the
Conservation Stewardship Program and similar
efforts cannot be allowed to lapse. A farm bill
extension should ensure that farmers can continue
to enroll in this program.
Click here to read more of the
Environmental Working Group's position on the farm
bill.
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Roll
Call Claims Unfinished Farm Bill Still on the To
Do List of Speaker John Boehner- Details Could
Come Soon
A
Monday afternoon online article from Roll Call, an
inside the Washington beltway publication,
suggests that the 2012 Farm Bill is still in the
mix for the Lame Duck session that is cranking up
this week in our Nation's capitol.
Author
Ellyn Ferguson reports that the
Farm Bill is on the list of unfinished business
that Speaker John Boehner wants
done- and that Republican leaders could announce
as early as the end of this week how they will
proceed.
Ferguson
writes about possible scenarios that could float
to the top when we get direction from Boehner and
House Majority Leader Eric
Cantor- "At this point, leaders have
three options: Move the House Agriculture
Committee bill (HR 6083) to the
floor; fold the House bill or the Senate version
(S 3240) into a deficit
reduction package to take advantage of the bills'
savings; or go with some sort of reauthorization
and extension of the 2008 farm law and leave it to
the next Congress to produce a five-year
measure."
House
Ag Committee Chairman Frank
Lucas- reelected last week with a 75%
vote in Oklahoma's Third District- told us on election night that he
is willing to take whatever time leadership gives
him to move a bill across the floor- his clear
preference would be a bill passed by the House
quickly, a Conference with Senate Ag Committee
Chair Debbie Stabenow and then a Conference Report
Vote in both bodies- all before the end of the
Calendar year. If the House Ag Committee
measure can survive the House floor- the rest of
the pieces could fall together quickly.
To
read more from the Roll Call update- Click here.
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also invite you to check out our website at the
link below to check out an archive of these daily
emails, audio reports and top farm news story
links from around the globe.
Click here to check out
WWW.OklahomaFarmReport.Com
God Bless!
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