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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
$9.64 per bushel- based on delivery to the Northern AG
elevator in El Reno 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
Thursday,
May 29,
2014 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Mother
Nature Making Up for Lost Ground, Edwards
says
Rainfall
is welcomed anytime in Oklahoma. The recent
Memorial Day weekend brought heavy rains across
the state, especially in the southern part of the
state. Oklahoma State University Extension Wheat
Specialist Dr. Jeff Edwards says
unfortunately timing wasn't ideal.
"It
still will help some of our crop in the panhandle
and northern Oklahoma maybe help us with test
weight a little bit, but by in large it was too
late for our crop and actually the rain may
decrease our test weights a little bit in southern
Oklahoma," Edwards said.
The rain will
also delay harvest of the state's wheat crop.
Edwards says the first loads are coming into the
elevator in the southern region.
Click to read more from Jeff
Edwards.
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Sponsor
Spotlight
We are also pleased to
have American Farmers & Ranchers
Mutual Insurance Company as a
regular sponsor of our daily update. On both the
state and national levels, full-time staff members
serve as a "watchdog" for family agriculture
producers, mutual insurance company members and
life company members. Click here to go to their AFR
website to learn more about their
efforts to serve rural America!
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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NACD
Welcomes Rollout of USDA Regional Conservation
Partnership
Program
The
National Association of Conservation Districts
(NACD) looks forward to supporting the U.S.
Department of Agriculture (USDA) in the
implementation of the new USDA NRCS Regional
Conservation Partnership Program (RCPP). The
result of streamlining conservation programs in
the 2014 Farm Bill, the new RCPP program will
promote collaborative projects that improve soil
quality, water quality/quantity, and wildlife
habitat in a specific area.
The eight
Critical Conservation Areas (CCAs) are: Great
Lakes, the Chesapeake Bay watershed, the Columbia,
Colorado and Mississippi river basins, the
Longleaf Pine Range, prairie grasslands and the
California Bay Delta. Beyond these specific areas,
there will be additional delivery opportunities at
the state and national levels.
Click here to read more about his
conservation program.
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Certified
Angus Beef Demand Continues to
Rise
What
is the Certified Angus Beef brand? More and more
consumers are able to answer that. And a study in
the U.S. and eastern Canada says the brand
resonates with shoppers who want higher quality
says Certified Angus Beef's Tracey
Erickson.
"The Certified Angus
Beef brand continues to outrank any other Angus
brand that we have tested against and so we're
very excited about that. Really what that enables
us to do is share with our American customers and
potential customers the value of the
brand."
Beyond simple awareness, 75 percent
of those certified ranked the Certified Angus Beef
brand logo as representing the highest quality
Angus beef available. What's more, customers are
willing to pay more for it.
Read
more about the demand for CAB, by clicking here.
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Derrell
Peel Analyzes PEDv & Weather on Livestock
Price Trend
A
dramatic change in the weather pattern changes the
outlook for the southern plains. The Memorial Day
Weekend rainfall was significant for the the
region that has battled drought for the last four
years. Oklahoma State University Extension
Livestock Marketing Specialist Derrell S.
Peel says getting heavy rains across
western Oklahoma, west Texas and eastern New
Mexico brings renewed optimism for producers.
"This is a dramatic event, " Peel said. "
It was a heavy enough rain in many cases to run
some water, that will rebuild some ponds."
"Its very timely from a forage standpoint
as well," he said. "It will certaintly iniatiate
some forage growth and if we get any follow
through at all, we can salvage part of 2014 from a
forage standpoint."
Click here to read more from
Derrell Peel.
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Jeri
Donnell Demystifies Risk Management for Cattle
Producers
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 this spring's 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.
For
more about this story click here.
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Martin
Williams Honored by OSU as 2014 'Master
Agronomist'
Martin
Williams, a Noble County farmer whose
expertise has been sought out by government
agencies from all over the world, has been named a
2014 Master Agronomist Award recipient by Oklahoma
State University's Division of Agricultural
Sciences and Natural Resources.
The honor
is among the most prestigious presented by DASNR,
and officially recognizes individuals who have
actively participated in agronomic education
efforts and contributed valuable public service
through their efforts in the disciplines of soil
conservation, range management or crop production.
Brian Arnall, OSU Cooperative Extension
precision nutrient management specialist, said
Williams is always willing to assist OSU
researchers and Extension specialists with variety
trials and demonstrations.
Click to read more about Martin
Williams.
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The
Ups and Downs of the Korean Market for US Pork
Volatile
is one way to describe the pork market in South
Korea. For the past several years, U.S. pork
exports to this country have experienced peaks and
valleys driven, to a great extent, by changing
market conditions within Korea.
The
first quarter of 2014 has been promising, with
U.S. pork sales to Korea climbing 15 percent in
volume and 21 percent in value to 40,143 metric
tons (88.5 million pounds) valued at $116.2
million. March was a strong month, with growth of
73 percent in volume and nearly 83 percent in
value.
The United States share of the
pork export market to Korea also has grown, from
34.4 percent last year at this time to 36.7
percent this year. That is a positive development
that is being supported by new USMEF initiatives
in Korea, but conditions within the country will
make it challenging for all imported pork products
in the months ahead.
According to the
USMEF, a national tragedy in South Korea earlier
this year is taking a lot of the wind out of the
sails of the consumption of pork- click here for more on the why of
this latest factor in the demand picture that is
ever changing in this important US market.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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Farm Bureau is Proud to be the Presenting Sponsor
of the Ron Hays Daily Farm and Ranch News
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