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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
futures- click
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 last Friday.
Canola
Prices:
Cash
price for canola was $7.90 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 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.
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Oklahoma's
Latest Farm and Ranch News
Presented
by
Your
Update from Ron Hays of RON
Tuesday, March 4,
2014 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Farm
Bill Implementation Likely to Move Very Slowly,
Wiesemeyer Says
The
Agricultural Act of 2014 is an incredibly complex
piece of legislation. While nobody expects
implementation to be completed quickly, Informa
Economics' Jim Wiesemeyer said
implementation could take a very long time to
complete. Wiesemeyer is the senior vice president
of Informa's Washington bureau and was the keynote
speaker last week at the 2014 Oklahoma Pork
Congress in Midwest City. I asked him about
several issues including more specifics about why
it will take so long to implement the new farm
law.
"I was told that when the USDA
recently held their internal meeting on farm bill
implementation they identified over 600
decision-making topics-and you know government,
that's later rather than sooner."
And, he
said, that's just the tip of the
iceberg.
"That's why I think ag secretary
Vilsack said that sign-up for the farmer safety
net could go into 2015. If that's not a
farmer-friendly sign-up, I've never seen one
because farmers will be able to monitor the price
situation throughout, maybe even half of the
marketing year for the 2014 crop, definitely for
wheat, and they'll know the production out of the
2014 crop. We would have had August, September and
October crop-production reports. I think that
that's practical, actually, because the
rules-and-regulations people at USDA, it just
takes a long time. Then they go out for public
comment and you have to go back and issue a final
rule."
As negotiations on the farm bill
were drawing to a close, there were a number of
animal agriculture groups who thought the bill
would modify if not kill Country of Origin
Labeling outright. When the conference committee
report passed without that issue being addressed,
several beef industry groups were incensed and
said they felt they had been betrayed by Senator
Debbie Stabenow. Wiesemeyer said those groups
unfairly targeted the Senator.
"I would
point the finger right back at the meat industry
groups. They fractured near the end. And in any
major omnibus bill-the farm bill is one of
them-you better hold together."
Jim
Wiesemeyer has a lot more to say and you can read
more of his comments or listen to our conversation
by clicking here.
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Sponsor
Spotlight
The
presenting sponsor of our daily email is
the Oklahoma Farm
Bureau- a grassroots organization
that has for it's Mission Statement- Improving the
Lives of Rural Oklahomans." Farm Bureau, as
the state's largest general farm organization, is
active at the State Capitol fighting for the best
interests of its members and working with other
groups to make certain that the interests of rural
Oklahoma is protected. Click here for their
website to learn more about the
organization and how it can benefit you to be a
part of Farm Bureau.
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.
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Risk
Management More Important Than Ever for Cattle
Producers, Jeri Donnell
Says
With
cattle prices continuing an upward climb that
doesn't show signs of abating anytime soon,
producers need to pay closer attention than ever
to their operations and risk management says
Agricultural Economist Consultant Jeri
Donnell. Donnell works with the Noble
Foundation and spoke at the recent Texoma
Cattlemen's Conference in
Ardmore.
"Producers need to become more
familiar with managing their risk just because of
the value of these cattle that we have today and
the increased feed prices, hay prices, all of
those things go into their daily decisions and
even though they may be doing the same types of
things they were doing 20 years ago, we're at a
completely different price structure than we've
ever been at before."
While that climbing
price structure may look good to producers,
Donnell says it is making bankers more than a
little skittish when it comes time to lend money
to ranchers. Because of this, producers need to
adopt some strategies that may be a little foreign
to them.
Click here for more of this story
and my interview with Jeri Donnell on the latest
Beef Buzz.
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Soy
Checkoff Takes on Two Billion Dollar Problem- Weed
Resistance
Two
billion dollars annually: Only a problem this
large and costly could bring together private
industry, universities from across the country and
farmer-led organizations to provide farmers with
answers.
That's how much University of
Wisconsin researcher Vince Davis
estimates herbicide-resistant weeds cost U.S.
farmers each year.
To help fight this
loss, the soy checkoff recently took the lead in
creating the Take Action program to help farmers
implement production practices on their farms that
can manage herbicide-resistant weeds. Universities
and herbicide providers have joined the effort,
and all are promoting a unified approach to weed
management.
"Diversification is the
most important thing farmers can do to manage
these weeds," says Davis. "This includes
diversification of effective herbicide modes of
action, diversified weed-management practices and
also utilizing non-herbicide control options such
as judicious tillage, cleaning equipment for weed
seed and diversified crop rotations. Weeds develop
resistance more quickly when production systems
remain static."
Click here to read more about the
soy industry moves to battle weed
resistance. And the soy checkoff funding has
helped set up a new website that will be focused
on the weed resistance battles- click here for that website- Take
Action on Weeds.Com.
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Beef
Market Winter Challenges
Continue
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow-Calf
Newsletter:
Another blast of severe
winter weather moved across the U.S. this past
weekend causing problems for cattle producers and
impacting beef distribution and consumption.
Cattle and beef markets continue to exhibit
volatility in the face of supply and demand
disruptions. Boxed beef prices increased sharply
last week with Choice values up $10/cwt to finish
the week at $225/cwt. Fed cattle prices increased
to end the week at about
$150/cwt.
Winter weather
is contributing to reduce beef production in 2014.
Beef production for the year to date is down 6.9
percent compared to last year with total cattle
slaughter down 7.5 percent year over year.
Reported average cattle carcass weights have
averaged about 4 pounds heavier so far this year
but this masks some of the underlying cattle
production issues. Overall cattle carcass weights
are a function of the carcass weights of
individual classes of slaughter cattle as well as
the composition of cattle slaughter by class.
Average steer carcass weights are about a pound
lighter so far this year, while heifer and cow
carcass weights are slightly heavier. However,
steer slaughter is the largest slaughter component
and is a larger percentage of total slaughter this
year contributing to a higher cattle carcass
weight average even with lighter steer carcasses.
For the year to date, steer slaughter is down 6.5
percent; heifer slaughter is down 10.7 percent;
and cow slaughter is down 11 percent, all compared
to the same period last year.
Click here for more of Derrell
Peel's analysis.
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Beef
Checkoff Launches Online Community for Popular
Training Program
The
Beef Checkoff Program unveiled a new web-based
platform for its popular training program, Beef
University. For nearly a decade, foodservice and
retail professionals have relied on checkoff
training tools to educate staff on how beef is
brought to market, from farm to fork.
Beef
University educates retailers and foodservice
operators on all facets of beef from production
and product quality to marketing and
merchandising. Downloadable tools include
PowerPoint presentations, fact sheets and videos;
all of which can be used for self-directed
education or part of a customized training session
facilitated by Beef Checkoff staff or utilized
within a company's training
program.
"Retail and foodservice operators
have a direct connection with the people that
consume the beef raised by my family and the
entire beef community, and so it's important that
we share the knowledge and insights on the care
that goes into raising American's favorite
high-quality protein," says Sid
Viebrock, a beef producer from Washington
and chairman of the checkoff's Value Subcommittee.
"Because of this, we saw an opportunity to create
a forum for increased engagement with those who
are on the front lines serving and selling beef
every day."
To
read more of this story and for links to the Beef
University program, please click
here.
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DuPont
Leader Outlines Growth Strategy for Agriculture
and Nutrition & Health
Segments
DuPont
Executive Vice President James C.
Borel outlined growth drivers across the
seed, crop protection and nutrition and health
businesses today at the Bank of America Merrill
Lynch 2014 Global Agriculture Conference -
highlighting the launch of a next generation
decision services platform for U.S. farmers.
"Increasing global demand for more
nutritious, safe and affordable food is driving
growth at DuPont," said Borel. "We are focused on
increasing our return on research and development
through innovation; expanding our global reach;
and strong execution in our Agriculture and
Nutrition & Health segments."
One of
DuPont's three strategic priorities in its plan to
build a higher growth, higher value company is to
extend its leadership in the science-driven
segments of the agriculture-to-food value chains,
and to leverage the linkages across these
segments. In 2013, DuPont's Agriculture and
Nutrition & Health segments comprised more
than 40 percent of company sales and segment
operating earnings.
You'll
find the rest of this story on our website by clicking here.
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This
N That- Canola College App, Surviving the Elements
Week One and Midweek Dose of Winter Weather Cometh
If
you have not downloaded our App as of yet- today
will be a great day to do so- for example, if you
are a canola producer or interested in adding
canola to your farming operation- we have stories
featuring the presentations of several of the
presenters from last month's Canola College in
Enid.
You
will find audio conversations with five of the
presenters at Canola College discussing their
subjects from dealing with weeds by Dr.
Angela Post to Fertilizer management with
Dr. Brian Arnall (and lots
more)
They
are all in one place on our APP- in our Canola
section.
If
you have a smartphone or tablet- you will find
daily farm news, market updates and many of our
special interviews as a part of the daily diet of
farm and ranch information found on our Oklahoma
Farm Report APP.
If
you have an IPhone or IPad-
Click here to jump to where you can download
(or visit the Itunes store). For Android
users- you can click here or go to the Google
Play store.
**********
This
coming Friday is the first of four weeks of
Surviving the Elements Drought
Symposiums at the National Cowboy and
Western Heritage Museum in northeast Oklahoma City
on I-44. Click here for the complete
lineup of speakers for this week's
symposium.
Museum
officials say that the purpose of the Sympsoiums
is "to increase awareness of drought and rural
issues in the American West, by focusing on
stewardship and conservation of land and water."
You
can call the museum at 405-478-2250, Ext. 280
for more details and to make reservations for this
week or for any of the other three Fridays in
March.
**********
Winter
weather is not willing to leave the state as of
yet- and it appears that a little more
precipitation may be in the mix mid week. We
have a graphic courtesy of Travis
Meyer at the News on 6 in Tulsa that
shows moisture of one sort or another rolling
through. And- if you click here- you will get not just
the graphic but also some weather jargon from
Alan Crone from the News on 6
that describes our chances of wet stuff- when and
where on Wednesday.
Thanks
Gents!
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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Oklahoma
Farm Bureau is Proud to be the Presenting Sponsor
of the Ron Hays Daily Farm and Ranch News
Email
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