From: Ron Hays [] on behalf of Ron Hays []
Sent: Tuesday, November 05, 2013 6:11 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update

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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.



We have a new market feature on a daily basis- each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS Futuresclick here for the report posted yesterday afternoon around 3:30 PM. 



Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.


Canola Prices:  

Cash price for canola was $9.25 per bushel- based on delivery to the Northern AG elevator in Yukon last Wednesday. 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 Jim Apel and Tom Leffler- analyzing the Futures Markets from the previous Day.


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.


Oklahoma's Latest Farm and Ranch News

Presented by

Okla Farm Bureau  
Your Update from Ron Hays of RON
   Tuesday, November 5, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
Featured Story:


The Texas Cattle Feeders Association annual meeting is currently underway in Ft. Worth, Texas and I caught up with TCFA CEO Ross Wilson. He said the mood in the industry this year is greatly improved. 

"The rains, the grass that has grown this summer and fall has been a Godsend, obviously, and I think it has restored some faith that maybe we are coming out of this drought even if we're not out of it completely-which we're not. We've got grass, we've got some wheat pasture in some areas that's going to be very helpful and then you add to that the really tremendous corn crop that we're harvesting in this country and the decline in corn prices. So, for the first time in probably 2 ½ years for a lot of our members, they're talking about profitability in Q4 and also some profitability into Q1 and Q2 of next year."

Wilson said that feeders are especially pleased with current corn prices near the $4 mark. With high corn prices over the last several years, he said many feeders drastically modified their rations. That might change with the lower prices, but there is still competition in the marketplace due to the needs of ethanol producers, but there may be a modification in the Renewable Fuels Mandate that could lower that demand.

"We've got to pull that subsidized demand back some. We're at 40 to 45, maybe at some point going to 50, but somewhere in that 45 percent range of the entire corn crop is going into biofuels production. If that's what the market drives, that's great, but get the government out of that driver's seat."


You can catch my full interview with Ross Wilson or read more of this story by clicking here.


Sponsor Spotlight 


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. 



Oklahoma Farm Report is happy to have CROPLAN® as a sponsor of the daily email. CROPLAN® by WinField combines the most advanced genetics on the market with field-tested Answer Plot® results to provide farmers with a localized seed recommendation based on solid data. Two WinField Answer Plot® locations in Oklahoma [Apache, Kingfisher] give farmers localized data so they can plant with confidence. Talk to one of our regional agronomists to learn more about canola genetics from CROPLAN®, or visit our website for more information about CROPLAN® seed.  



rainscontinueRains Continue to Improve Crop Conditions In Southern Plains 


Midweek rains across much of Oklahoma boosted crop conditions.  As of Sunday, wheat planting was nearly complete at 95 percent with 84 percent of the crop already emerged.  Seventy one percent of the crop was listed in good or excellent condition, with 25 percent in fair shape.


Canola conditions were rated mostly good with nine percent rated excellent.  Ninety-six percent of the state's canola crop had emerged by week's end, just slightly ahead of the same time last year.  (You'll find Oklahoma's Crop Progress report by clicking here.)

In Kansas, wheat planting was 96 percent complete, near last year's mark of 98 percent and ahead of the five-year average of 94 percent.  Eighty-six percent of the crop had emerged.  Fifty-five percent of the crop was listed in good shape, with 36 percent rated fair. 


Corn harvest in Kansas was 87 percent complete, just above the five-year average of 84 percent.  (Click here to read the full Kansas report.)

Winter wheat was emerging in the Texas Panhandle where seeding had been delayed by dry conditions.  As of Sunday, 52 percent of the crop was listed in fair or poor shape, with 41 percent being reported as good or excellent.  (Click here for the Texas Crop Progress report.)



combinesrollingCombines Rolling Hard Across the Corn Belt


Thanks to dry weather and hard-working farmers, nearly three quarters of the nation's corn crop has been harvested, the U.S. Department of Agriculture reported, with a harvest that has caught up and outpaced the five-year average.

"We've had some good weather for harvesting," said NCGA President Martin Barbre. "Even though some areas are still challenged by moisture, we're getting some very optimistic reports about quality and yield. With another two good weeks of harvest weather, the bountiful crop of 2013 will for the most part be in the bin!"

As of Sunday, 73 percent of the crop has been harvested in the 18 states that produce the bulk of the nation's field corn, with some states making great progress in the past week. In Iowa, the state that produces the most corn, a full one-fifth of the corn crop was harvested in the last seven days as the percent harvested jumped from 55 to 75 percent.


Click here for more and a link to the full USDA Crop Progress report.


presidentpushesPresident Pushes Proposed Food Stamp Increase


The following is an editorial by Presidential advisors Valerie Jarrett & Cecilia Muñoz:

On November 1, millions of Americans will feel the effects of an automatic cut to food purchasing assistance provided through the Supplemental Nutrition Assistance Program (SNAP). This is assistance that serves to help families get back on their feet, and children to receive the nourishment they need to stay healthy and competitive in the classroom. For many families, these cuts are devastating, and couldn't come at a worse time as they begin to regain their footing following the worst recession since the Great Depression.

That is why President Obama has proposed an extension of pre-November funding levels in the 2014 budget. As the economy continues to grow and recover, SNAP is proven to effectively combat hunger and food insecurity while giving millions of hardworking Americans the temporary boost they need during tough times.

You can read more of this editorial by clicking here.



thinkingoutsideThinking Outside of the Traditional Stocker Box


Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist, writes in the latest Cow-Calf Newsletter:

Oklahoma winter wheat is mostly emerged and more than two-thirds is rated good to excellent condition. However, from a forage standpoint, most of the wheat is delayed in development and will need another two to three weeks before stocker turnout. This suggests that the winter grazing period for dual-purpose wheat is likely to be limited to no more than 90 to 95 days. Stocker producers should evaluate carefully what stocker alternatives will work the best in a short winter grazing season.   

Feeder cattle prices have made impressive gains in the past four months. Through the summer and early fall, heavy feeder prices increased proportionately more than calves based on strong feedlot demand driven by dropping corn prices. In the past month, calf prices in Oklahoma have increased faster than heavy feeders, with calf prices up 5 to 10 percent while heavy feeder prices have increased 3 to 4 percent. This reflects the strong preference among Oklahoma stocker producers for light stockers, typically less than 550 pounds.   

The result is a sharp break in feeder cattle prices in the most recent combined auction prices for Oklahoma, with prices very high and decreasing rapidly at weights up 575 pounds, and decreasing much more slowly at weights above 575 pounds.  


Click here to read more of Derrell's analysis.



allcostnobenefitAll Cost, No Benefit: Duplicative Regulations Would Cost Taxpayers $474 Million


CropLife America (CLA) expressed concern at the findings of a new report that estimates duplicative regulations on crop protection products could cost taxpayers an additional $474 million over the next 10 years, should the existing broken system of endangered species consultations continue for crop protection products.

A new report from Summit Consulting, LLC (Summit) and commissioned by CLA estimates the cost to taxpayers of continuing the duplicative consultation process. Amendments to the Federal Insecticide, Fungicide and Rodenticide Act (FIFRA) in 1996 and 2007 established a 15-year cycle of pesticide registration review to ensure that all registered products meet current regulatory requirements; the first cycle must be completed by 2022. All EPA pesticide registration actions are further subject to Section 7 of the Endangered Species Act (ESA), which requires that EPA consult with the Fish and Wildlife Service (FWS) and the National Marine Fisheries Service (NMFS) if the pesticide use "may affect" endangered species. The Services conduct their own independent risk analysis, despite the fact that EPA already rigorously reviews a product's potential impacts on the environment in accordance with FIFRA, including possible effects on threatened or endangered species.

The report from Summit documents the review process as currently conducted through the individual agencies. It includes a review of the budgetary capacity of the agencies and a breakdown of estimated costs over time. 


You can read the full story on our webpage by clicking here.



TodayHappening Today- USMEF, Lucas Town Halls and AFR Speech Contests



We are into our second day of coverage from the Texas Cattle Feeders Association annual meeting- and this morning, they feature in their second general session the market outlook of Cattlefax as presented by Randy Blach- looking forward to that!.  At the same time in the same hotel here in Ft. Worth- the USMEF is kicking off their Fall Strategic Planning Conference that runs through Thursday- we will be covering their kickoff news briefing later this morning featuring Phil Seng- their President and CEO.



Coming up this week- the Chairman of the House Ag Committee, Oklahoma Congressman Frank Lucas, is away from the craziness of Washington for a few days- and he has five Town Hall meetings planned in his district- two this afternoon and three on Thursday.  The two this afternoon will be in Clinton and Weatherford, while the three Thursday are happening in Anadarko, Watonga and Kingfisher.  Click here to check exact times and locations.


Finally, this evening marks the start of the AFR fall speech contests that will be happening across the state and will culminate in the State Speech Finals Saturday, December 14 in Stillwater. The first of the District Speech contests will happen this afternoon in Sapulpa- click here for details of all of the district locations where   4-H and FFA youth compete for scholarships that will be presented by the general farm organization. You can also contacty Laici Wedel at 405-218-5557 if you have questions about this annual ritual of the fall season.

Our thanks to Midwest Farms Shows, P & K Equipment, Johnston Enterprises, Chris Nikel Commercial Truck Sales, American Farmers & Ranchers, CROPLAN by Winfield, KIS Futures and Oklahoma Cattlemen's Association for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE!


We 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! You can reach us at the following:  


phone: 405-473-6144


Oklahoma Farm Bureau

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