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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.
Canola
Prices:
Cash price for
canola was $9.74 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
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news
update.
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 Drought Worsens Across
Oklahoma Even as Chances of Rain Begin to Increase
Ahead of any forecast rains that may-or may not-arrive across much of
Oklahoma this weekend, this week's U.S. Drought Monitor map shows
drought conditions worsening. Hot, windy weather continued to take
its toll on soil moisture, and the state's wheat and canola crops.
Each category of drought expanded last week with 61 percent of the
state experiencing extreme drought conditions. Thirty-four percent of
Oklahoma is experiencing exceptional drought and more than 81 percent
is at least in the moderate category.
That 61 percent region of at least extreme drought is the highest
total in the state since March 5, 2013, as the horribly dry
conditions of May 2012-January 2013 were starting to fade with heavy
rainfall.
The Climate Prediction Center is forecasting above-average chances
for above-normal precipitation for the next six to ten days across
the entire state.
Click to see the
Drought Monitor map or weather outlook map.
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Sponsor Spotlight
We are delighted to have the Oklahoma Cattlemen's
Association as a part of our great lineup of
email sponsors. They do a tremendous job of representing
cattle producers at the state capitol as well as in our nation's
capitol. They seek to educate OCA members on the latest
production techniques for maximum profitabilty and to
communicate with the public on issues of importance to
the beef industry. Click here for their
website to learn more about the OCA.
P&K Equipment
has ten locations in Oklahoma and as the state's largest John Deere
dealer, has been bringing you the best in John Deere equipment,
parts, service, and solutions for nearly 30 years. The P&K
team operates with honesty and a sense of urgency... getting you what
you need, when you need it. With an additional nine stores in
Iowa, P&K has the extra inventory and resources, to provide you,
the customer, with a better experience all around. Click here to visit
P&K on the web... where you can locate the store nearest you,
view their new and used inventory, and check out the latest
deals.
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Broadband
Brings Rural Oklahomans Opportunites
Broadband is
the latest technology to bridge rural America with the rest world.
Oklahoma hosted the first of three regional and economic development
workshops Thursday at the Francis Tuttle Technology Center.
Telecommunications Assistant Administrator Keith Adams
says the meeting is bringing together non-traditional partners.
"Community leaders and economic development professionals around
the centering theme of broadband," Adams said. "And how we
can use broadband throughout rural america to drive businesses back
to rural America, to keep rural Americans in rural America and to
give rural Americans the same access to the same quality range and
same quality broadband services."
For more about expanding broadband into Oklahoma click here.
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Quality
Will be Crucial to Wheat Prices at Harvest Time, Kim Anderson
Says
Grain
elevators in southern Oklahoma could begin seeing their first loads
of winter wheat in just days, depending on the weather. Kim Anderson,
Oklahoma State University Extension Grain Marketing Specialist says
in his preview to this week's SUNUP program that this year's crop
will get a lot of scrutiny.
"The first thing they'll do when the wheat comes across the
scale is pull a representative sample and they're going to determine
the grade based on the published grading standards. They'll send
samples of that wheat off to determine the milling quality of that
wheat. They'll be looking at protein. They'll be looking at strength.
They'll be looking at those milling characteristics. The flour mills
want to see what quality is there as do the elevators so they'll know
how to price it and how to sell that product."
Anderson said that he expects prices at the elevator to be in the
$7.10 range, but that could fall depending upon the quality of the
crop. He said he expects prices will hold in that range until well
into harvest.
Click to see what
else is covered on the SUNUP edition.
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International
Markets, Millennial Generation Key to Certified Angus Beef Demand
Growth
International
demand for Certified Angus Beef has continued to grow despite the
domestic trend for a flattening growth curve. John Stika,
president of Certified Angus Beef, spoke recently with Radio Oklahoma
Network Farm Director Ron Hays and said the all important
international market is only one target in the effort to continue to
grow beef demand.
"The international market is a big part of our growth this year
and it's been interesting. Our retail numbers are fairly flat because
of the relatively high prices we've seen on M cuts. While we're up
four to five percent as a program, a big portion of our growth this
year is actually food service and it's in the form of middle meats,
steak items. International is growing as well and it's been a big
part of our ability to continue to drive this program forward even
when we see our domestic retail business to be relatively flat."
Click to read or
listen to today's Beef Buzz.
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Senate Passes
WRRDA Bill
The US Senate
Thursday passed the $12.3 billion dollar water projects bill. The
legislation looks to provide funding to improve the infracture of
inland waterways and ports. The Water Resources Reform and
Development Act passed by a vote of 91 to 7 in the Senate. Earlier
this week the bill overwelming passed in the House by a vote of 412
to 4.
The bill now
goes to President Obama's desk for his signature.
The bill has
been widely supported by agricultural organizations because the
funding will improve the infracture for exporting grains to
international markets.
You can read
comments from the following by clicking on their names:
American Farm
Bureau President Bob Stallman
National
Association of Corn Growers President Martin Barbre
American
Soybean Association President Ray Gaesser
National
Association of Wheat Growers President Paul Penner
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At
the State Capitol- Gross Production Tax Rate Bill Passes- Storm
Shelter Bill Fails- But NOT SO FAST- Passes.
There were
three key votes on Thursday at the State Capitol as far as the
Oklahoma Farm Bureau was concerned- and they came up on the right
side of the measures on two of the three votes- but a tax increase
proposal they opposed came back from the dead Thursday evening and HJR
1092 ends up being approved.
First of all-
there was the passage of HB 2562.Oklahoma Farm Bureau applauds the
Oklahoma legislature for passing HB 2562 Thursday, which reduces an
approaching gross production tax rate increase on horizontal wells
and also applies an equal rate to traditional vertical wells. Under
the new law, horizontal wells will be subject to a tax incentive
program to reduce the effective gross production rate to 2 percent
for the first 36 months of production and then increase to 7 percent.
The same law will be applied to vertical wells, which are currently
taxed at 7 percent.
The bill replaces an expiring incentive program and prevents the
gross production tax rate from automatically increasing to the actual
rate of 7 percent in 2015.
Oklahoma Farm
Bureau President Tom
Buchanan calls this measure a strong compromise for
all concerned.
Click here for
more on this measure- including a thumbs up from the Oklahoma State
Chamber of Commerce.
Meanwhile, a
bill that was defeated- HJR 1092, turned out to be down- but not out.
This measure
could set up increases in property taxes in order to pay for storm
shelters in local schools was first defeated in the Oklahoma House on
Thursday by a substantial 34 to 61 vote. Several ag groups, including
the Oklahoma Farm Bureau and the Oklahoma Cattlemen's Association,
were opposed to the measure. Oklahoma Farm Bureau President Buchanan
spoke in a statement on Thursday afternoon about their preference to
find money in other places besides on the backs of property owners..
"Farm Bureau fully supports the construction of shelters to
protect students and appreciates Rep. Mark McBride and Rep. Jon Echols'
efforts to raise private dollars through the Shelter Oklahoma Schools
foundation," Buchanan said. "Our state's agricultural
producers are major landowners in their communities and would
unfairly bear the brunt of this ad valorem tax increase."
Governor Mary
Fallin was livid and it showed in her combative statement on Thursday
afternoon- calling anyone opposed to her plan as being in on a smear
campaign against the proposal.
She and her
office to work on House GOP members and apparently found 17 who voted
no to be willing to change their votes and say yes- she got 51 YES
votes and HJR 1092 moves on to the Senate for a vote next week.
In a statement
on Thursday evening, the Governor thanks the lawmakers who
reconsidered their positions and called on the State Senate to
approve her measure quickly.
Click here to read
a play by play of the day's events regarding HJR 1092.
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This
N That- Memorial Day Arrives and Oklahoma GOP Announce Three Debates
for Republican Senate Primary Race
Well, the
Memorial Day holiday weekend is upon us- and we wanted to remind you
that this coming Monday morning- we will NOT have a Ron Hays Daily Email.
We will return on Tuesday morning. We will have our radio reports on
many of our great radio stations across the state on the Radio
Oklahoma Ag Network.
Government
offices will be closed- federal and state- and the ag commodity
markets, US Stock Market and Monday feeder auction barns will be
closed to honor those who have died in service to our wonderful
country.
Memorial Day
weekend is a great time to spend time with family and friends- but I
hope you will take time to honor those and thank those who have
served our country- both those who are still alive as well as those
who have given their lives down through the years.
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Word comes
from the Oklahoma GOP Party that there will be three Senatorial
Forums to feature the three candidates running for the right to fill
the last two years of the seat being vacated by Senator Tom Coburn.
Those forums
will be in Durant on June 4, Lawton on June 6 and Enid on June
20. Tickets are limited at each of the venues- click here for
more details about these chances to hear each candidate explain why
he is the right man for the job.
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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
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