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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 $12.87 per bushel-
2012
New Crop contracts for Canola are now available at
$13.08 per bushel- delivered to local
participating elevators that are working with PCOM.
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
April 10,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Beef
Tenderness Continues to Improve, New Survey
Results Show
Tenderness
is a critical component of beef's palatability or
taste and it helps drive consumer enjoyment and
demand for beef. With funding from The Beef
Checkoff, the industry has been tracking beef
tenderness for 20 years through the National Beef
Tenderness Survey. The original 1990 Survey
revealed tenderness problems with cuts from the
top sirloin, round and chuck, and identified a
need for longer and more consistent beef aging.
The 1999 Survey revealed a 20% increase in
tenderness as compared to 1990 with improvements
attributed to fewer no-roll steaks (steaks without
a grade designation) sampled, an increased
availability of steaks grading Choice and Prime,
and adoption of more gradual chilling procedures
and longer aging periods. Despite noticeable
improvements, tenderness issues still existed in
1999. Results of the 2005/2006 Survey showed an
18% overall increase in tenderness as compared to
1999. This increase resulted in overall beef
tenderness levels that were at an all-time high.
In 2010/2011, The Beef Checkoff
commissioned the fourth National Beef Tenderness
Survey to quantify the status of tenderness as
compared to previous Surveys. Researchers at Texas
A&M University led the effort with
collaborative support from Texas Tech University,
California Polytechnic State University, the
University of Florida, the University of Missouri,
North Dakota State University, Oklahoma
State University and Penn State
University. Twelve U.S. cities were selected for
sampling and each city was sampled once between
March 2010 and February 2011. In each city, two to
three retail chains, representing at least
one-third of the total-area-market share, were
sampled for product in four stores per chain.
Therefore, a total of eight to 12 supermarket
stores per metropolitan area were sampled. In
addition, if a membership-based retail store
existed in a city and was not included in the
one-third market share, one store of the
membership-based chain representing the largest
market share was sampled.
From the retail
stores surveyed, researchers selected Top Blade
Steak; Ribeye Steak, lip on, boneless; Ribeye
Steak, lip on, bone-in; Top Loin Steak, boneless;
Top Loin Steak, bone-in; T-Bone Steak; Porterhouse
Steak; Top Sirloin Steak, boneless, cap off; Top
Round Steak; and Bottom Round Steak. In a random
assignment, steaks were shipped to one of the
collaborating universities to be evaluated by a
consumer panel or tested by Warner-Bratzler shear
force.
Click here to read more about the
continuing improvements in beef
tenderness.
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Sponsor
Spotlight
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.
We
are proud to have KIS
Futures as
a regular sponsor of our daily email update. KIS
Futures provides Oklahoma Farmers & Ranchers
with futures & options hedging services in the
livestock and grain markets- Click here for the free market quote
page they
provide us for our website or call them at
1-800-256-2555- and their iPhone App, which
provides all electronic futures quotes is
available at the App Store- click here for the KIS
Futures App for your iPhone.
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Peel
Says Lots of Turbulence and Mixed Signals Roil
Cattle Markets
Derrell
Peel, Oklahoma State University's
extension livestock marketing specialist, says
there have been a few surprises in the cattle
markets recently, with an imbalance in supply and
demand factors needing to find an equilibrium.
Cattle and beef markets have dropped
significantly in the last month led by sharp
declines in boxed beef prices and Live and Feeder
Futures. Cash fed cattle prices have traded
erratically lower from highs of $130/cwt. in early
March to $122/cwt. last week. Feeder cattle
markets have also dropped from recent peaks but,
not surprisingly, have seen the least impact and
among those the least of all in the lightweight
calves and stockers.
The problem seems to
lie with demand rather than supply. Cattle
slaughter continues well below year ago levels
and, despite higher carcass weights, total beef
production has been down slightly over the past
four weeks. The demand picture, however, is
clouded by mixed signals. Primal rib and loin
prices, though down in recent weeks, are still
above year ago levels. However, Choice boxed beef
has dropped below year ago levels in the past two
weeks. Certainly, the continuing controversy
regarding lean finely textured beef is adding to
the turbulence and the current weakness. Decreased
value of 50 percent trimmings has decreased
carcass values about $40/head, making already
negative packer margins that much worse. There is
also considerable scrambling in processed meat
markets to adjust product flows in both beef and
pork markets as a result. Higher gas prices may be
one of the biggest factors affecting beef demand
currently.
Click here to read more of Derrell
Peel's analysis of the cattle
markets.
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Meat
Scientist Calls LFTB Entirely Wholesome and Safe
A
huge amount of misinformation has been getting
around, about an additive to ground beef that the
media has inaccurately labeled as "pink slime". A
Kansas State University meat scientist says that
this is an entirely wholesome and safe product
which is being badly misrepresented. John
Gonzales is our guest today on our Beef
Buzz as we discuss LFTB- what it really is and
what it really is not.
According to
Gonzales, "they take high fat product from
trimmings on roasts and steaks and they cook it to
about 100 degrees Farenheit, and then use a
centrifuge- and through regular Physics, the heavy
lean will go down to the bottom and the lighter
fat will come to the top- and they are able to
extract little pieces of lean meat from these high
fat parts of the carcass." From there, they
"convert it into a product that can be used for
ground beef."
Gonzales says this LFTB is
pure beef and is a very lean product- and it is
mixed with more conventional beef trimmings to
come up with the various mixes of ground beef,
which is differentiated by the percent of lean
meat versus fat.
You can hear his comments on
the Beef Buzz- just click here to go
there. |
FSA,
USDA Remind Producers Important Program Enrollment
Deadlines Approaching
The
USDA and Oklahoma's FSA remind producers that a
couple of key deadlines for program sign ups are
approaching. The sign-up and re-enrollment
deadline for the CRP program is Friday, April
13th. The DCP/ACRE program enrollment must be
completed by June 1st.
Francie
Tolle, executive director for the
Oklahoma Farm Service Agency (FSA), reminds
producers they should begin the process for the
2012 Direct and Counter-cyclical Program (DCP) and
the 2012 Average Crop Revenue Election Program
(ACRE) Program now.
"It is critical for
producers to complete the enrollment process as
soon as possible," said Tolle. "Producers must
contact their county FSA office to set up
appointments before the June 1, 2012 deadline."
More information on the DCP/ACRE
sign-up is available by clicking
here.
Likewise,
producers should be finalizing their applications
for the CRP which closes this Friday. FSA
Administrator Bruce Nelson says there has been
strong interest in the program this year, and the
application period was extended to accommodate.
Click here for more information on
the CRP General Sign-Up 43.
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Favorable
Conditions Sustain Above Average Crop Progress
Favorable
growing conditions this spring have resulted in
crop progress that is significantly ahead of
normal.
All
small grains were rated mostly good. Wheat
jointing reached 92 percent complete by Sunday, 12
points ahead of the five-year average.
Forty-one percent of the Oklahoma wheat
crop was heading by the end of the week, 35 points
ahead of last year and the five-year
average.
Overall,
50 percent of Oklahoma wheat is in good shape, 27
percent is excellent, 19 percent is listed as fair
and only four percent is rated as being poor or
very poor.
Canola
blooming was virtually complete by week's end, 30
points ahead of last year's crop. Fifty-three
percent of the crop was reported in good
condition, 23 percent was excellent, 19 percent
was listed as fair, and five percent was poor or
very poor.
Kansas
wheat conditions showed 52 percent was in good
shape, 29 percent was rated fair, 13 percent was
excellent and only six percent was listed as poor
or very poor.
Texas
wheat is still struggling with 31 percent listed
in fair condition, 31 percent is in poor or very
poor shape, and only nine percent is rated as
excellent.
Click here for the full Oklahoma Crop
Weather Update report.
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Boxed
Beef and Finished Cattle Continued Their Downslide
Last Week - Ed Czerwien
Comments
In
this week's beef report, according to Ed
Czerwien, USDA Market News Office in
Amarillo, Texas, said we saw the choice cut market
end the week of April 7 down once again. Choice
ended the week at $177.91 cwt, down over $5.00
from the previous Friday. The total load volume
was good but half of the 1,058 loads consisted of
trimmings.
As far as the finished cattle
trade last week, the trend was three to four
dollars lower than the previous week with business
in the Southern Plains mostly at the $121 to $122
cwt mark. Business was mostly $193 to $194 cwt in
the meat.
The average live weight of the
cattle harvest from the Texas Panhandle was 1,232
pounds, up 8 pounds from the previous
week.
You can hear Czerwien's complete
weekly report by clicking here.
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OSU
Animal Science Alumni Association's Friday Night
Gala Fundraiser Coming Up
The
Oklahoma State University Animal Science Alumni
Association is holding its annual Friday Night
Gala to raise funds for ag students. The event
will be held Friday, April 13, at 6 p.m. in the
Wes Watkins International Building on the
Stillwater campus.
The event will once
again feature a great meal, lots of fellowship and
both live and silent auctions in which about 80
items will be sold.
Some of the items on
the block this year are: a Kubota RTV500 provided
at cost by Arnett-Enid New Holland/Kubota, two
$1,000 buying credits good toward the purchase of
a bull or heifer at any Express Ranches sale (no
expiration date), commission on 50 head of cattle
at OKC West, flush and freezing of five embryos by
Nelson Embryo Services.
To see more auction items and a
contact number for the event, just click
here.
Last
year- about $40,000 was raised for scholarships-
and the hope is to match that level or go beyond
in 2012- our thanks to our friend Brad Morgan for
giving us this reminder of this great event coming
on Friday evening.
BY
THE WAY- if you have events we need to
know about and need to share on our calendar page
on OKlahomaFarmReport.Com- drop me an email and
give me all the details- we'll be glad to get it
included!!! Just click
here and email to ron@oklahomafarmreport.com.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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