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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 $12.47 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
Thursday, August 23,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Pro
Farmer Crop Tour Pegs Illinois Corn Crop as
Slightly Bigger Than USDA- Soybeans Continue to
Struggle
Brian
Grete, who is leading the Pro Farmer
Midwest Crop Tour's Eastern Leg, says that they
were able to compute the Illinois estimate for
this year's corn crop after Day Three was
concluded. In his report on agweb.com- he
reports "For the state of Illinois, the Tour corn
yield came in at 121.6 bu. per acre, down 22% from
the 2011 Tour average. Soybean pod counts in a 3x3
square were 944.05, down 21.1% from year-ago. It
was simply a case of too much heat and not enough
rain in Illinois this summer." Still, that
number is a little higher than the 116 bushels per
acre for Illinois that was predicted by USDA in
their August Crop Production report. Click here to read Brian's full
report that was posted last night.
The
western leg spent their time in western Iowa
yesterday- and the actually found some pretty good
corn, according to the latest from Chip
Flory. Late last night- Chip writes "The
problems in the soybean fields were the same as
we've been descibing the last two days- too much
heat and too little water.
"Weighting
the yield averages for corn, the western on-third
of the state is down about 11% from last year on
corn yields."
Click here for the Chip Flory
report from the road of the Pro Farmer Midwest
Crop Tour, which concludes today with the western
leg jumping up into Minnesota and the eastern leg
covering the eastern two thirds of Iowa before
they meet up to offer a final midwest corn crop
prediction and mid August assessment of the
soybean crop.
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Sponsor
Spotlight
It 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.
Midwest Farm
Shows is our longest running sponsor
of the daily farm and ranch email- and they are
busy getting ready for 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.
The
28th Annual Oklahoma Cattlemen's
Association Range Roundup is coming up
August 24th and 25th at the State Fair Arena in
Oklahoma City- Teams from 12 historic ranches from
across Oklahoma will be there- Real Cowboys
competing in Real-world events for recognition,
pride and bragging rights- Last year's
Champion Ranch was Drummond Land and Cattle
Company- For tickets call 405-948-6800. Click here for more details about the
2012 OCA Range Roundup.
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Oklahoma
Pork Council Joins Call for RFS
Waiver
The
EPA is considering how to respond to formal
requests from governors from five states to grant
waivers to the Renewable Fuels Standard requiring
ethanol be blended with gasoline. Prospects of a
corn harvest significantly lower than USDA
forecasts is putting upward pressure on corn
markets, making livestock feed more expensive.
Governors calling for the RFS waiver say it is
necessary to prevent greater economic damage to
livestock industries in their
states.
Roy Lee Lindsey,
executive director of the Oklahoma Pork Council,
spoke with us recently and says the issue is a
huge one for hog producers.
"When
you start talking about raising hogs, it takes you
somewhere in the neighborhood of six to eight
bushels of corn to take a hog to market weight.
Across the country we're talking about a little
over 100 million hogs. If you use the midpoint,
you're talking about 700 million bushels of corn
just to get hogs to market weight."
Lindsey
says economists have estimated that a waiver of
the RFS could potentially reduce corn prices by as
much as $2.30 per bushel. Even if the impact were
modest, say $1.00 per bushel, Lindsey says the
nearly billion-dollar impact to producers and
consumers is enormous and the issue of a waiver is
worth serious consideration by the EPA. Both the
Oklahoma Pork Council and the National Pork
Producers Council have asked the EPA to grant a
waiver.
Click here for more from Roy Lee
Lindsay, including our full interview.
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Prudent
Decisions Maximize Early Wheat Planting Success,
Edwards Says
There
are a number of considerations that go into
planting a wheat crop early, and OSU Small Grains
Extension Specialist Dr. Jeff
Edwards prepared a video presentation
discussing potential problems and benefits to be
considered.
The first decision, Edwards
says, is deciding whether the crop will be used
mainly to produce forage, grain, or a combination
of the two. Depending on the choice, the planting
window will vary.
Edwards says many cattle
producers in Oklahoma opt to sow about the end of
August for maximum forage production. However, he
says, planting that early comes at a significant
loss of grain yield potential. Maximum forage
production usually results from plantings in the
first week of September.
He says grain
yield potential is maximized when the crop is sown
from October 10th to October 20th.
Many
Oklahoma producers who are looking for a balance
of forage production and grain production choose
to sow about September 15th, Edwards
says.
Click here to view Dr. Edwards'
presentation.
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Soy
Checkoff Study Shows Infrastructure Investments
Could Save U.S. Farmers Millions
U.S.
farmers depend on a 50-year-old highway system, a
70-year-old inland waterway system and a railway
network build in the late 1800s to move their
products from the fields to end users. This aging
transportation system has been providing U.S.
soybean farmers a competitive advantage in the
global market, but a recent study funded by the
United Soybean Board's (USB's) and soy checkoff's
Global Opportunities (GO) program supports the
growing evidence that this advantage continues to
be threatened by the deterioration of U.S.
highways, bridges, rails, locks and dams. The
study, "Farm to Market - A Soybean's Journey,"
analyzed how soybeans and other agricultural
products move from the farm gate to customers,
highlighting weaknesses found in the system along
the way. The study was recommended by the
checkoff-funded Soy Transportation
Coalition.
"The entire transportation
network has been vital to the U.S. soy industry,
not only in moving our product to domestic
processors but also in delivering U.S. soy to our
international customers as well," says
Dale Profit, soybean farmer from
Van Wert, Ohio, and USB director. "We need to
protect this advantage if the United States is
going to remain the preferred source for soy
throughout the world."
The U.S. inland
waterway system remains a precarious leg of a
soybean's journey. The deteriorating lock system
remains at risk of failure, and dredging needs to
be done to encompass new larger ships that will be
possible with the expansion of the Panama Canal,
due to open in late 2014.
You can read more by clicking
here.
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Farm
Bill Now Coalition Unites Nation's Farm Groups in
Push for Passage of Farm Legislation
A
coalition of 39 of the nation's agricultural
organizations is mounting an effort to raise
public awareness of the need for Congress to pass
a new, comprehensive, five-year farm bill before
current farm programs expire in
September.
The coalition, called Farm Bill
Now, comprises associations and coalitions
representing commodity crops, livestock, dairy,
specialty crops, state and local governments,
minor crops, energy and biobased product groups,
farm cooperatives and financial groups, as well as
the nation's two largest farm groups, the American
Farm Bureau Federation and the National Farmers
Union. Each organization has strong and distinct
policy priorities, yet all 39 are committed to
passing a new, comprehensive bill this
year.
The group issued the following
statement, titled "Why We Need a Farm Bill", on
the importance of new farm legislation for
America's farmers:
"Calling the farm bill
the 'farm bill' suggests its impact is limited
only to farms and to the rural areas to which they
are so closely tied. It's really a jobs bill. A
food bill. A conservation bill. A research bill.
An energy bill. A trade bill. In other words, it's
a bill that affects every American.
Click here to read more and for a
list of all 39 coalition
members. |
Oklahoma
Among Recipients of Rural Economic Development
Funding
Agriculture
Secretary Tom Vilsack announced
the selection of recipients for grants and loans
to help spur economic development and create or
save jobs in six states including
Oklahoma.
"This funding will help rural
businesses obtain the financing they need to
thrive, grow and create jobs," Vilsack said.
"These grants and loans are part of the Obama
Administration's ongoing commitment to ensure that
rural communities attract capital investments that
lead to business development and job
creation."
In Oklahoma, the Caddo Electric
Cooperative, Inc., will receive a $400,000 loan.
These funds will be used to help Kimball and
Company, LLC expand an existing veterinary clinic.
This project will create or save a total of 18
jobs.
To read more of this story, click
here.
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Gary
England. Rain. Coming. We'll Keep You
Advised.
When
it comes to Oklahoma weather- there are few
guarantees- but our friend and colleague here at
Griffin- Gary England of KWTV
News9 offers some very encouraging words about
rainfall 'wobbling" in from the desert southwest
over the next day or so.
Specifically,
his weather models show northern Oklahoma having a
real good chance of some soaking rains by Friday
and into Saturday- up to three inches in some
areas. Gary goes caution that as new data
comes in- the the track of this LOW pressure will
likely change somewhat- and that will impact how
much rain may actually develop.
Early
this morning- Alan Crone with the
News on 6 says before that storm approaches- we
have fire danger to deal with today- "The fire
danger will continue to be high today before a
storm system will approach the region this weekend
with rain and storm chances. A red flag warning is
underway for the counties just north of the Tulsa
area."
So-
say a prayer for the rainfall to arrive- and click here to check out what Gary
England, Alan Crone as well as the National
Weather Service have to say about rain chances
Friday through Sunday.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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