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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 $12.76 per bushel- based
on delivery to Yukon. 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
Thursday,
September 13,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Ag
Groups, Lawmakers Rally In Support of Farm
Bill; Attendees Fear House Leadership
Immovable
Senators,
Congressmen, and farm industry leaders took to the
podium in Washington D.C. during the Farm Bill Now
rally to call on Speaker of the House John Boehner
to schedule the 2012 Farm Bill for a floor vote.
Terry
Detrick, Oklahoma rancher and president
of American Farmers and Ranchers, was in
attendance and said he was encouraged by the unity
shown by rally attendees, but he was disgusted
with the inaction being shown by the House
leadership. He said despite their best efforts, he
has doubts the bill will make it to the floor this
year. You can hear his comments by clicking
here.
Senate
Agriculture Committee Chairwoman Debbie
Stabenow, Kansas Senator Jerry
Moran, and South Dakota Representative
Kristi Noem addressed the crowd,
and all said the implications of failing to pass a
farm bill this year are very grave. Click here for their
comments.
In
a statement released after the event, the American
Farm Bureau Federation said the farm bill has a
broad impact on all citizens and the U.S.
economy. The statement noted one
in 12 American jobs is tied to agriculture.
Click here for more from the
AFBF.
Others
calling on Congress to finish work on the 2012
Farm Bill before the end of the year were Secretary of Agriculture Tom
Vilsack, the Specialty Crop Farm Bill
Alliance, the Agriculture Retailers
Association, and the National Association of Conservation
Districts. You can read more of their
comments by clicking on their names.
So
far, no floor time has been scheduled by the
leadership of the House of Representatives to take
up the bill before the current farm bill
expires.
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Sponsor
Spotlight
We are
pleased 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- they also sponsor our
CanolaTV features as seen on our
website, YouTube and via a link 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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The
USDA has released the latest US and World
Production numbers for wheat, corn and soybeans
along with the Ending Stocks report. The numbers
look negative for corn and neutral for soybeans
and wheat.
Projected
U.S. wheat supplies for 2012/13 were raised 5
million bushels with higher estimated beginning
stocks more than offsetting lower forecast
production. Among the hard red winter wheat
states, lower production for Texas, Colorado,
Oklahoma, and Montana is only partly offset by
increases for Kansas and Nebraska. The full USDA WASDE report is
available by clicking here.
Oklahoma
production prospects increased for corn during the
past month, while the production of cotton,
soybeans, and peanuts are down from the August 1
forecast according to the September Crop
Production report issued today by the USDA-NASS
Oklahoma Field Office. Click here for more details.
Economists
with the American Farm Bureau Federation said the
WASDE report was "bearish" for corn prices in one
respect, because the estimate for ending stocks
was not reduced as much as expected by some market
analysts. The report says that despite the
drought, U.S. farmers will harvest the eighth
largest crop on record. Click here for more
details.
"As
anticipated, lower projected production for both
corn and soybeans was reported this month," said
AFBF economist Todd Davis. "It
will be some time before the long-term effects of
the 2012 drought are fully played out. But it
appears likely that continued strong worldwide
demand for corn and soybeans will lead to higher
projected prices." You can read more of Davis's analysis
by clicking here.
Tom
Leffler of Leffler Commodities breaks
down the WASDE report. Click here to listen to his
commentary.
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July
Pork Exports Trend Lower; Beef Exports Largest of
2012
U.S.
pork exports in July were slightly lower than a
year ago while beef exports dipped moderately in
volume, achieving their largest monthly total of
2012 while holding steady in value. These results
are based on statistics released by USDA and
compiled by the U.S. Meat Export Federation
(USMEF).
"With higher operating costs,
both the pork and beef sectors are facing serious
economic challenges," said USMEF President and CEO
Philip Seng. "Tight beef supplies
have pushed prices higher and strong demand from
our international customers is helping support
higher beef cutout values. On the pork side, an
increase in U.S. production has been offset by
larger exports, helping drive the pork cutout to
its peak in late June. With these factors in mind,
it is absolutely critical that we remain
aggressive with our international promotions and
continue to capture the highest return possible on
the products we export. Our pork and beef export
value totals continue to outpace last year's
records, which is certainly a positive
sign."
Click here for more specifics on July
beef, pork, and lamb exports.
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Curt
Pate Cattle Stockmanship and Stewardship Seminar
Scheduled for Elk City
Beef
producers have an opportunity to fine tune their
cattle handling skills with one of the nation's
most sought after clinicians, Curt
Pate.
Hosted by the Oklahoma Beef Council
through the beef checkoff program, the Elk City
Livestock Auction, and Simmons Ranch, the clinic
will focus on low-stress cattle handling
techniques with the intent of enhancing
profitability by working with the natural
instincts of cattle.
The clinic will be
held at the Elk City Livestock Auction on
Thursday, September 27, 2012 at 5:30 PM and a meal
will be provided prior to the clinic.
Click here for more details and
registration information.
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DuPont
Pioneer Receives All Regulatory Approvals to Sell
Optimum®
AcreMax®
XTreme Products
U.S.
and Canadian farmers can now plan for 2013 spring
planting with Pioneer® brand corn products
featuring Optimum® AcreMax® XTreme insect
protection technology. DuPont Pioneer recently
received all necessary regulatory approvals for
import into major world markets of grain grown
from Optimum AcreMax XTreme products. All
necessary state approvals have also been received,
allowing growers to plant products with this
technology.
"This innovative product will
further support the Pioneer goal of helping North
American corn growers achieve ultimate simplicity
while maximizing corn yields across their entire
operation in 2013," says Josh St. Peters, DuPont
Pioneer corn marketing manager.
Optimum
AcreMax XTreme products offer growers a single-bag
refuge option in areas of the Corn Belt requiring
protection from both above- and below-ground
insects.
You'll find more information on our
website. Go there by clicking here.
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Certified
Angus Beef Posts Record High Sales Volumes
Recent
Certified Angus Beef sales figures show an
increase in quality beef demand. Certified Angus
Beef partners reported selling 74 million pounds
of beef in June. That's four percent higher than
one year ago. That's the highest monthly volume in
the brand's 34-year history.
CAB Vice
President Mark Polzer says,
"We've been very fortunate that the Certified
Angus Beef brand has continued to grow in spite of
an overall declining beef supply. It really points
to the quality of the brand and how people are
perceiving it.
"As beef prices in general
have had to go up because of the supply situation,
it's created an opportunity for our brand to
really set itself even further apart. If you're
going to have to pay a little more for beef, you
certainly want a more desirable eating
experience."
Food service has fueled a
large measure of the demand with rib eye and strip
steak sales holding strong even though the cuts
are fetching record-high prices.
You can check out a video version of
this story by clicking here.
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This
N That- Canola and Wheat Planting Rains Arriving
and BPI to Sue ABC over LFTB
As
we wrap up this morning's email- rainfall is
already arriving in western Oklahoma with Cheyenne
already up to .75 of a inch of rain this morning
and Erick reporting right at a half inch of the
wet stuff. If we see these rains apread over the
western two thirds of Oklahoma- that will go a
long way to helping a lot of producers move
quickly into planting mode this coming week-
especially for those wanting to plant canola for
the 2013 growing cycle- as well as for those
producers wanting fall wheat pasture grazing
options.
The
system that has shown up will generate
widespread showers through the day today and into
tonight- especially across western Oklahoma where
locally heavy rainfall is expected. Many areas
will see an inch of rain and localized areas could
end up with more. Rainfall chances between now and
Saturday morning still depend on a low pressure
system that is setting up now, according to the
latest National Weather Service forecast
discussion for Oklahoma. "the wet weather is
expected to continue into the weekend as a cutoff
low develops over New Mexico and West Texas. The
evolution of this low will determine the extent of
rain chances as well as any heavy rain concerns
through Saturday." Click here for a real time
Oklahoma Mesonet map showing over the last
twenty four hours- as updated to that
moment.
**********
Meatingplace.Com
is reporing early this morning that BPI now has
plans to fight the uphill battle of trying to
prove in court defamation of their product LFTB-
which got drug through the mud by ABC earlier this
year and resulted in hundreds of jobs lost at
three plants closed by the company as consumers
reacted to the stories of Pink Slime.
Meatingplace says that details of the suit will be
announced this morning- with news briefings
expected at both the local and national
level.
It's
likely that a study that has been assembled by
Iowa State professors Dermot Hayes and Daniel Otto
that calculates a half billion dollars worth of
damage done by the LFTB debacle may well figure
into the litigation plans to be unveiled by BPI
later today- click here for a story pulled
together this week by Dan Gainor of CNS News on
this economic hit to the beef business.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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