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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 $8.03 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 Leslie Smith 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,
August 26,
2014 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Champions
Crowned at 30th Annual OCA Range Round
Up
A
large crowd was on hand Friday and Saturday night
for the 30th Annual Oklahoma Cattlemen's
Association Range Round Up. The annual fundraiser
raises money for the Children's Miracle Network.
Sixteen ranches competed in six events ranging
from saddle bronc riding, stray gathering, wild
cow milking, team branding, team penning, and the
wild horse race.
The Top Horse Award
was presented Joe Wayland of
Davison & Sons Cattle Co. of Arnett, Okla. The
Tough Hand Award went to Justin
Peterson of Buford Ranches of Welch,
Okla. The Top Hand Award was presented to
Jeremiah Campbell of Davison
& Sons Cattle Co. of Arnett, Okla.
This year's Champion Range Round Up
Team went to Davison & Sons Cattle Co.
of Arnett, Okla. Second place went to
Alfalfa County Land and Cattle of
Cherokee, Okla. Third place went
to McCoy Ranch & Beebe
Livestock of Ada, Okla. Fourth place went
to Hitch Ranch of Guymon, Okla.
Fifth place went to Hall Ranch and Daube
Cattle Co. of Comanche and Ardmore, Okla.
Sixth place was Buford Ranches of
Welch, Okla.
The championship team was
made of Weston Givens, Jeff Wayland, Jeremiah
Campbell, Joe Wayland and Garry Brown. After
Saturday night's performance, Radio Oklahoma Ag
Network Associate Farm Director Leslie Smith
caught up with Weston Givens to
congratulate his team on the victory. Click here to read or to listen
to the full interview.
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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.
A
new sponsor for 2014 for our daily email is a long
time supporter and advertiser as heard on the
Radio Oklahoma Ag Network- Stillwater
Milling. At the heart of the
Stillwater Milling business are A&M Feeds- and
for almost a century Stillwater Milling has been
providing ranchers with a high quality feed at the
lowest achievable price consistent with high
quality ingredients. A&M Feed can be found at
dealers in Oklahoma, Arkansas, Kansas and Texas.
Click here to learn more about
Stillwater
Milling!
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Oklahoma
Cotton Crop in Trouble as August Rain Comes Up
Empty for Dryland Crop
Cotton
farmers had high hopes going into the 2014 growing
season. With ongoing drought the last time
Oklahoma produced a great cotton crop was in 2010,
since then the crop has struggled pretty much
every year. Oklahoma State University Research
Director and Cotton Extension Program Leader
Randy Boman said 2010 was one for
the record books, but that's the only bright spot
in recent memory. The 2011 crop was an absolute
disaster for the southern plains, the worst in
many decades, then 2012 and 2013 have gradually
improved.
We
talked with Boman at last week's Oklahoma Ag
Weather Symposium in Norman- you can hear our conversation
here.
Going into the 2014 growing
season there was a lot of concern early on due to
having one of the driest starts of the year from
January til May, then Oklahoma got into a wetter
than normal pattern in May. Boman said that
allowed more farmers to planting cotton in the
southeastern part of the state.
"We
actually had a lot of cotton go in, according to
USDA NASS we're sitting at probably 240 thousand
acres or so, which is up quite a bit from last
year at 185 thousand acres," Bowman said.
The crop got off to a great start
initially, but that optimism for a good crop has
changed.
"Unfortunately the last week
or two we just absolutely run out of gas," Boman
said. "The moisture stress has hit the crop, we
really haven't had much precipitation, I don't
believe any precipitation thus far in August and
so with the high temperatures triple digits, our
evapotranspiration the crop use of the water has
been really high, so we're just kinda hitting the
wall."
Click Here to read more about
what this crop needs to finish strong and how the
ongoing drought has impacted the cotton
industry.
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Summer
Heat Sets In Across Southern Plains Region
The
summer heat across Oklahoma
continued to deplete topsoil and subsoil moisture
in areas still behind normal rainfall for the
growing season. Oklahoma's corn was rated 73
percent good to fair. Maturity is running behind a
year ago with 79 percent in dough stage and 53
percent dented. Sorghum condition was rated 78
percent good to fair. Sorghum headed reached 79
percent complete and 56 percent was coloring by
the end of the week. Soybeans rated 86 percent
good to fair. Soybeans are running ahead of last
year as blooming reached 90 percent complete and
soybeans setting pods reached 61 percent complete.
The state's peanuts rated 94 percent good to fair.
Peanuts mature reached 11 percent complete by
Sunday, on track with the previous year. Cotton
condition was rated 91 percent good to fair with
88 percent of cotton setting bolls and 10 percent
of bolls were opening. Third cutting of alfalfa
hay reached 88 percent complete, while a fourth
cutting was 28 percent complete. Seedbed
preparation was underway for all small grains with
27 percent of wheat seedbed preparation complete
and canola seedbed preparation was 8 percent
complete. Click Here for the full Oklahoma
report.
Hot
and humid weather persisted across the state of
Texas last week, with highs
ranging between the high 90s and mid-100s. Most
areas of the state received at least some
measurable rainfall during the week. Seventy
percent of the state's corn crop has reached
dented and 46 percent of the crop has been
harvested with harvest reaching completion in
South Central Texas. Sorghum harvest was active in
many areas of the state with harvest 61 percent
complete. Eighty-five percent of the cotton
crop was setting bolls and 23 percent of bolls
opening. Cotton harvest made good progress in
areas of the Coastal Bend. Peanuts
progressed in areas of the Southern High Plains,
while many fields in areas of South Texas were
setting pods. Showers helped green pastures and
rangeland in many parts of the state, while some
deteriorated due to lack of sufficient moisture.
In areas of the Edwards Plateau, livestock herds
were being thinned due to continued drought
conditions. Supplemental feeding continued
throughout the state, due to lack of sufficient
nutrients being found in pastures. Click here for the full Texas
report.
Temperatures
were four to eight degrees warmer than normal
across Kansas. Row crops and
pastures that have been missed by the recent rains
are stressed. Corn was maturing close to
average with 88 percent of the crop in the dough
stage, 51 percent dented and 13 percent mature.
Sorghum headed has reached 80 percent and coloring
was 22 percent. Cotton squaring was 95 percent,
setting bolls was at 55 percent and bolls opening
was 11 percent. Soybeans setting pods was 78
percent, ahead of 70 last year, but near average.
Third cutting of alfalfa reached 83 percent
complete and fourth cutting was 15 percent
complete. Click Here for the full Kansas
report.
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Pro
Farmer Releases 2014 Crop Estimates,
USDA
Shows Crops Continue to Improve
Pro
Farmer pegs 2014 U.S. corn crop at 14.093 billion
bu.; Average yield of 169.3 bu. per acre. Corn +/-
1% = 14.233 billion bu. to 13.952 billion bu.;
171.0 bu. to 167.6 bu. per acre. Pro Farmer
pegs 2014 U.S. soybean crop at 3.812 billion bu.;
Average yield of 45.35 bu. per acre. Soybeans +/-
2% = 3.888 billion bu. to 3.736 billion bu.; 46.3
bu. to 44.4 bu. per acre.
Pro Farmer
said these estimates are based on assumptions
for normal weather through September, which would
include a "slow cook" on the corn crop, allowing
it to gain the weight needed to reach our
estimates. Based on FSA certified acreage data and
our observations on Crop Tour, we have decided to
leave harvested soybean acres unchanged at 84.058
million and take 600,000 acres off of harvested
corn acres - 500,000 acres off North Dakota and
100,000 off Minnesota - bringing it to 83.239
million acres. Click Here for Pro Farmer's
state-by-state Crop Projections.
MEANWHILE- The corn
crop condition improved by slight margins
according to the U.S. Department of Agriculture
Report released Monday. With 73 percent of the
crop rated good or excellent (as of August 24),
corn maturation remains on-pace overall while
quality continues to far surpass that seen in
2013, when only 59 percent remained in
good-to-excellent condition at this time.
Crop quality reports increased only slightly, with
corn rated good adding one point and corn rated
poor dropping one over the past week. The
crop progress report also tracks the stages of
corn crop growth, with 83 percent in the dough
stage and 35 percent dented, compared to a
five-year average of 78 and 43 percent,
respectively.
The
nation's soybean crop also showed some
improvement. The latest USDA report
increased the crop rating by one percentage point
in the excellent category. The report also
dropped the crop good rating by two points and
increased the very poor rating by one point with
18 percent of the crop in excellent condition, 52
percent in good, 23 in fair, five in poor and two
in very poor condition. Soybean maturing is
running on track with the five-year average with
90 percent of the crop setting pods.
Overall
pasture and range conditions remain unchanged over
a week ago with eight percent in excellent
condition, 40 in good, 32 in fair, 14 in poor and
six in very poor condition. However, the national
pasture and range conditions have slipped four
points from the end of July in the good to
excellent ratings- 52% to 48%.
Click here for the latest USDA
report on crop progress.
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Peel
Says Cattle Markets Move Past Summer
Highs
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
newsletter
About a year ago I
wrote an article entitled "Cattle markets move
past summer lows". The title of this article
reflects how far we have come and serves as a
reminder that the current cattle and beef market
situation is the result of a market run that began
over a year ago. Feeder and fed cattle prices
increased through the second half of 2013 and were
joined by boxed beef values early in 2014 to push
on to the unprecedented recent levels. Fed cattle
and wholesale beef markets have pulled back from
summer highs; fed cattle ended last week at
$152/cwt, down $12/cwt from daily highs three to
four weeks ago and Choice boxed beef was at
$249/cwt, down $14/cwt. from late July. There are
questions of whether markets went too far, too
fast and are due for a significant correction or
whether current market levels are the new reality
of market fundamentals. The answer to that has
several components, some of which remain to be
seen.
Tight supply is the main driver
and supplies will continue to get tighter. The
latest monthly Cattle on Feed report shows that
the feedlot inventory of 9.837 million head was
down 1.9 percent from last year, and was the
smallest August 1 feedlot inventory since 2009.
July placements were 1.56 million head, down 7.4
percent for one year ago and the lowest July
placement total in the current cattle on feed data
series back to 1996. Fall feedlot supplies will
remain tight as feedlots are feeding fewer heavy
weight feeders at the current
time.
Slaughter numbers this year
confirm the impact of tight supplies. Year to date
steer slaughter is down 3.1 percent and heifer
slaughter is down 8.5 percent leading to a 5.1
percent year to date decrease in yearling
slaughter. Since July 1, steers slaughter has been
down 9 percent and heifer slaughter was down 16.3
percent, leading to an 11.6 percent year over year
decrease in yearling slaughter over the period.
Combine that with a 14.4 percent decrease in cow
slaughter so far this year (beef cow slaughter is
down 17.3 percent year to date) and the
fundamental reason behind record cattle and beef
prices is apparent. The heifer and cow slaughter
decreases are strong indications of initial herd
rebuilding.
Click here to read more from
Dr. Derrell Peel on the
outlook for feeder cattle prices.
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Box
Beef Report Shows Retailers Prepare for Labor Day
Grilling
Ed
Czerwein with the USDA Market News Office
in Amarillo releases a weekly boxed beef summary
each Monday afternoon of the previous week- and he
says this past week was all about getting the beef
pipeline ready for Labor Day.
"The
daily spot choice box beef cutout ended the week
last Friday at $249.77 which was $5.77 lower than
the previous week. There were 889 loads sold for
the week in the daily box beef cutout, which was
another big week as retailers buy product for
Labor day and was about 11 percent of the total
volume.
"The comprehensive or weekly
average choice cutout which includes all types of
sales was $251.91 which was 2.84 lower, and
followed the daily cutout downward. However the
big news again for the week was that the total
volume jumped as retailers continue to buy product
for the Labor day weekend. This was a very
critical week for sales because very little
product had been booked ahead for this holiday and
there needed to be good last minute buying to take
advantage of this major grilling weekend."
You
can listen to Ed's full report (and read it as
well) by
clicking or tapping here for our complete
story found on our website.
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Really
Good Reads About GMOs- and the Battle Over
Labeling
Forbes
Magazine has provided two really good reads about
GMOs and the battle over labeling- both released
yesterday.
The
first is entitled "Why Liberal Americans are
Turning Against GMO Labeling" and the author
(Jon Entine) says more than once
that the scientific debate over GMOs is over- they
are safe.
And
he says that the outcome of labeling GMOs in this
country could be bad news for consumer and for the
environment- "Scientists, and increasingly
independent liberal thinkers, are opposed to
mandatory labels precisely because scientists
don't want to replicate what's happened in Europe:
a lack of choice of foods, consistently higher
food prices, and an increase in the use of more
toxic pesticides, all because GMO foods are
shunned."
He
points the finger of the GMO labeling drumbeat at
mercenaries who stand to profit by selling high
priced NON GMO food to the public- "The most
prominent labeling supporters in the US-all backed
by the large and growing organic food lobby, who
know that the driver of consumer sales is the
unsupported belief that organic foods are safer
and more nutritious-have made it quite clear that
the consumer choice is not top of their consumer
rights wish list.
"If
we have it labeled, then we can organize people
not to buy it," notes Andrew
Kimbrell, head of the Center for Food
Safety. "GM foods must be banned entirely, but
labeling is the most efficient way to achieve
this," says Joseph Mercola, a
wildly popular web based natural products
entrepreneur whose income depends on selling
alternative health products.
Read more about the battle over
labeling as laid out by Jon Entine by clicking or
tapping here.
AND-
there's more. In a second opinion piece at
the same website- Forbes.Com- the point is made
that food companies are both offering non GMO
products to consumers but also doing a better job
of offering the facts about the safety of
GMOs. Author Richard
Levick, in his article "GMOs- A Spoonful
of Sugar Helps the Medicine Go Down," says the key
is that the companies are respecting the
consumer's right to be concerned.
About
providing Non GMO products he says "This isn't a
tactical retreat by the food industry; it's a
smart shift in strategy that respects the ways in
which anxiety overcomes logic in consumer
behavior. GMOs aren't going anywhere; but until
the public has had time to digest (pun intended)
what they are, what they are not, and what they
mean to the future of food production on planet
Earth, food companies are now willing to meet the
public halfway."
Levick
concludes "The combination of greater "Non-GMO"
product availability and intensified awareness
campaigns is a smart approach that I believe will
aid in the acceptance of GMOs. It respects
consumers enough to meet them on their own terms
and let them take their time in making an informed
decision."
You can read his full article by
clicking or tapping here.
One
Day- Two Articles- Both Offering a Real Time
Reality Check on where our society is going with
GMOs.
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God Bless!
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