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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!
Our Market Links are a service
of Oklahoma Farm Bureau Insurance
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:
Cash price for canola was $10.53
per bushel- based on delivery to the Northern AG elevator in Yukon
yesterday. The full listing of cash canola bids at country points in
Oklahoma can now be found in the daily Oklahoma Cash Grain report-
linked above.
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
Tuesday, November 27, 2012
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news
update.
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The 2013 Hard Red Winter Wheat Crop Hangs On- But
Just Barely as Final Weekly Crop Update is Released by NASS
The five states
that grow the great majority of the Hard Red Winter Wheat in the US
have very similar crop condition ratings for the 2013 crop as USDA
wraps up their 2013 weekly crop updates for the season in most of
these states. A year ago- Oklahoma and Texas were both coming
off of an historic drought season- but the wheat crop of 2012 was
receiving timely rains which was helping especially the Oklahoma crop
to look decent heading into the winter dormant period. That's
not the case here for the 2013 crop- and it's not just Oklahoma. Colorado, Kansas, Nebraska,
Oklahoma and Texas all have the great majority of the wheat crop rated
in fair to very poor condition. Only Kansas has
more than a fourth of the crop rated in the good to excellent
categories- at 29%. All five states have wheat crops
that are VERY vulnerable to winter weather when it arrives- and
all five states desperately need a long deep drink of water for their
2013 wheat crop.
With very
little moisture this past week, the drought continues to deepen across
Oklahoma and the latest-and last-Crop Weather Report of the season
shows the of small grains continuing to decline. The potential
for wheat pasture grazing is mostly gone and livestock
producers are faced with dried up ponds, poor grasses and a
growing need to provide supplemental feed.
Click here for the full
Crop Progress Report from Oklahoma.
In Texas,
conditions were marginally better, with wheat progress slightly ahead
of five year averages. Thirty-nine percent of the crop was in
fair condition, 28 percent was listed in poor shape, 18 percent was in
good condition, and three percent was in excellent condition. You can read the Texas
Crop Progress and Condition report by clicking here.
Kansas saw
warm, windy, and dry weather last week, but 97 percent of the wheat
crop had emerged by week's end, identical to last year but slightly
ahead of the five-year average of 94 percent. The condition of the
crop was 6 percent very poor, 19 percent poor, 46 percent fair, 28
percent good, and 1 percent excellent. Click here for the
Kansas report.
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Sponsor
Spotlight
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!
We
are proud to have 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 about the rapidly expanding winter canola
production opportunities in Oklahoma. Winfield has two
"Answer Plots" that they have planted at two locations
in Oklahoma featuring both wheat and canola- we have details in our
latest episode of CanolaTV with Justin Stejskal- click here to take
a look. Click here for more
information on the CROPLAN Genetics lineup for winter
canola.
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Can
We Rebuild the Beef Cow Herd? Part 1
In
the first of two articles to be published in the Cow-Calf Newsletter, Derrell
S. Peel, Oklahoma State
University Extension Livestock Marketing Specialist, looks at the
numbers to determine if America's cow herd will ever recover from its
current tailspin.
That was the question posed to me by a producer in response to my
recent article suggesting that two years of drought liquidation, on
top of previous liquidation, has pushed the beef cattle inventory so
low that we are effectively "out of cattle" in terms of our
ability to maintain beef production and rebuild the cow herd. This
producer specifically noted two issues that will affect the ability of
the beef industry to rebuild: the loss of forage land to
non-agricultural (development and recreational) uses; and the
conversion of pasture to crop production. While these and other issues
pose significant challenges to rebuilding the beef cow herd, I do
believe there is ample capacity to rebuild the cow herd according to
the demands of the market. That said, the question of how and where it
will done is likely to be different in the future than in the past.
In the short run, the drought is, of course, the major factor
affecting herd liquidation. Until forage conditions improve, the
question of herd rebuilding is a moot one. And while there is no
current indication of improving drought conditions, nor any guarantee
that conditions will improve, it is likely that some regions, at
least, will see improving conditions in the coming months. The more
regionally specific drought in 2011 caused a 1.07 million head
decrease in beef cows in a single year in Texas, Oklahoma and the
surrounding states. Much of this region is still in severe drought,
with some areas, such as Arkansas, in considerably worse shape in 2012
than in 2011. There has been some improvement in drought conditions in
parts of east Texas but little if any herd rebuilding has taken place
yet. Most all of this loss in beef cows can be recovered post-drought,
though some parts of the region will take several years to fully
recover.
To read more from
Derrell Peel, please click here.
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OSU
Horse Judging Team Wins World Championship
Oklahoma State
University's Horse Judging Team galloped off with top honors at the
2012 AQHA World Championship in Oklahoma City on Nov. 16.
It was the third time in eight years the OSU team has earned the world
champion title, with previous championships coming in 2004 and 2008.
The first AQHA World Show Intercollegiate Judging Contest took place
in 1979. In that time, OSU has accumulated six championship titles.
Steve Cooper,
coach and associate professor of equine studies with the university's
department of animal science, lauded the team members for putting in
countless hours after class and making numerous personal sacrifices to
compete as part of the team.
"I told
them the night before the competition that this contest will not
define who we are, it will only be an extension of what we have become
throughout the course of the season, a champion," he said.
You can read more about
OSU's championship horse judging team by clicking here.
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2013
Executive Committee Elected During USFRA Annual Meeting
The U.S.
Farmers and Ranchers Alliance (USFRA) recently held an election of
officers during the USFRA Annual Meeting in New York. USFRA Board
members elected by their peers to serve as the 2013 USFRA Executive
Committee included:
- Chairman - Bob Stallman, American Farm
Bureau Federation
- Vice Chairman - Weldon Wynn, Cattlemen's
Beef Board
- Secretary - Bernard Leonard, U.S. Poultry
& Egg Association
- Treasurer - Dale Norton, National Pork
Board
- At-Large - Mike Geske, National Corn
Growers Association
- At-Large - Nancy Kavazanjian, United
Soybean Board
The USFRA Board
is comprised of 18 representatives of affiliate farmer and rancher-
led organizations and agricultural industry partners.
For more details on the
USFRA annual meeting, please click here.
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Pasture
Conditions in the Mid Section of the Country Are As Bad or
Worse Than the Fall of 2011
The final weekly
Crop Progress reports of the season have not included a Pasture and
Range rating report- as many states have not updated their pasture
conditions since the end of October.
However, it
does not take a rocket scientist to figure out that things are really
bad in the middle part of the country- and in fact are a lot worse
than a year ago north of Oklahoma.
In the case of
the Oklahoma pasture ratings- we are basically in the same boat
as we hit the end of November this year as we saw in 2011. One year
ago- 81% of the pasture/range land in Oklahoma was in poor to
very poor condition. Here in 2012- it's 80%.
Kansas is in
much worse shape- 2011- the poor to very poor rating was at 62%- here
in 2012- it's 82%.
Nebraska has
not updated their pasture and range conditions since the end of
October- but have reported very little rainfall during November- which
means the 97% poor to very poor rating likely is still a good number-
unfortunately- for that state.
Colorado has
been updating in November- they are at 85% poor to very poor this
year- in 2011, that number was 48%.
Only Texas is
better off than a year ago- and that improvement comes because of
rains in the eastern half of that state. The 2012 pasture and range
poor to very poor rating is 52% this year- in 2011 as we hit the end
of November- it stood at 84% poor to very poor.
The other major beef cow state that we have not mentioned- Missouri-
last reported on Pasture conditions two weeks ago- at that point
they stood at 56% poor to very poor- that compares to 63% at this
point in 2011- earlier this year- at the height of the midwest
corn belt drought- Missouri pastures were rated 85% poor to very poor.
Bottom line for
the beef cattle business across the heartland- it is still
"hunker down and survive" mode for most ranch operations as
balance stocking rates with dismal pasture conditions heading into
winter.
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Choice
Boxed Beef, Finished Cattle End Last Week Higher
Ed
Czerwien of the USDA Market News Office in
Amarillo, Texas, reports the choice cut market closed the week of
November 24, 2012 higher, at $196.33/cwt, about $3.30 higher than the
previous week. The spot volume was only 790 loads, low even for
a holiday week. The total volume of all cuts last week was 5,593
loads.
The general trend in the finished cattle trade was mostly $2 higher on
the live deals with prices at $127 to $128/cwt. Dressed deals were $3
to $4 higher last week at $200 to $201/cwt.
The average live weight from the cattle harvested in the Texas
Panhandle was 1,268 pounds, about normal for the seasonal decline.
You can hear Ed
Czerwien's complete weekly report by clicking here.
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Market
Research Helps Drive Beef Checkoff Initiatives
One of the functions
of checkoff-funded market research is to scan the environment and look
for issues and trends that can affect the marketing climate for beef. Rick McCarty,
vice president of issues analysis and strategy for the National
Cattlemen's Beef Association, likes to quote Michael Kami, strategic
planning expert: "It's important to keep your eyes on the things
you can't see." Market research helps to determine the genesis of
trends and how those trends are driving consumption and affecting
consumer acceptance of beef.
"We analyze how consumers are relating to beef; we analyze what
they think is important in a food; and we analyze how well they think
beef is performing on those attributes - taste, convenience,
nutrition, safety and so forth. Are there changes in consumer's
perception of beef that are good that we need to try to reinforce; are
there some that are not so good that we need to work on and
communicate to consumers more effectively?" McCarty says.
He says market research really helps drive all program areas of the
checkoff, from culinary initiatives - do consumers know how to prepare
a new product; to chefs - how would they take this new product and
prepare it in the restaurant; to issues management - defending the
reputation of beef.
Click here to listen to
more from Rick McCarty, my guest on the latest Beef Buzz.
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God Bless! You can reach us at the following:
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