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!
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
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
here for the report posted yesterday afternoon
around 3:30 PM.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
price for canola was $7.66 per bushel- based on
delivery to the Oklahoma City elevator 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.
Daily Market Wrapup from the Radio
Oklahoma Network with Leslie Smith and Tom
Leffler- analyzing the Futures Markets from the previous
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Tuesday, October 28,
VP Address Government Overreach at Texas Cattle
feeders are facing a number of federal government
challenges. At the 2014 Texas Cattle
Feeders Association Annual Convention in Oklahoma
City, National Cattlemen's Beef
Association Vice President Tracy
Brunner of Ramona, Kansas addressed the
top priorities for the grass roots organization.
First and foremost being the 'Waters of the US'
proposed rule from the Environmental Protection
Agency and Army Corps of Engineers. Brunner said
this an important issue for cattlemen.
"We believe its an assault on our
property rights," Brunner said. "It's a very
tenacious and far reaching government overreach
that will jeopardize property rights and cost
millions of dollars to farmers and ranchers
throughout the United States."
talked with Brunner on the impact of the proposed
'Waters of the US' proposal. Brunner also
addressed the recent World Trade Organization
(WTO) ruling against the US Country of Origin
Labeling law and US Ag Secretary Tom
Vilsack's effort to create a second beef
checkoff. Click here to read or to listen
to my full interview with
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Cattle Market Reaches New Record High- Derrell
Peel Explains All
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
Some fed cattle traded
at $170/cwt. last week, surpassing the summer high
and setting a new record; at least for now.
Feedlots are facing higher breakevens in coming
months but stronger fed cattle prices is slowing
the erosion of feedlot margins for the time being.
Boxed beef prices dropped at the end of last week
after Choice boxed beef rallied to $251/cwt. early
in the week. Fed prices have strengthened
relatively more than boxed beef prices and
continue to keep packer margins in the red.
The latest Cattle on Feed report was
well anticipated and should not cause much market
reaction but does contain some interesting
information. The October Cattle on Feed report
pegs feedlot inventories on October 1 at 10.06
million head, down fractionally from last year.
This represents the 26th consecutive month of year
over year decreases dating back to September,
2012. September placements were 2.0 million head,
up one percent from last year's record small level
for the month and were the second smallest
September placements in the data series. September
marketings were 1.68 million head, down less than
one percent from last
Click here to read more analysis
from Derrell Peel.
Seeding Wrapping Up, Harvest Gains Momentum in
wheat seeding is getting close to wrapping up in
Oklahoma. In the latest crop
progress report released by the US Department of
Agriculture wheat seeding reached 92 percent
Sunday with 81 percent of the crop emerged. That's
well ahead of the five year average of 67. Canola
emergence gained 14 points this past week with 84
percent of the crop emerged. Harvest remains
active with corn harvest at 78 percent complete.
Harvest for other row crops were in line with
normal averages. Sorghum was 62 percent harvested,
soybeans were 41 percent done and 69 percent of
the state's peanut crop was dug Sunday. Cotton
bolls opening were nearing completion with harvest
reaching 15 percent complete.
Click here for the full Oklahoma
wheat planting continued in many areas of
Texas. USDA reports 77 percent of
the crop has been planted and 58 percent of the
crop has emerged. Harvest remains behind for many
row crops due to October rains. Corn harvest was
77 percent complete with progress active in the
Northern Plains. Sorghum gained one point to 76
percent harvested. Soybeans were 58 percent
harvested. In south Texas and the plains, peanut
harvest was in full swing. Peanut harvest remains
behind average with harvest at 39 percent
complete. Cotton harvest continued around the
state with 30 percent of the crop harvested.
Click here for the full Texas
normal temperatures allow fall harvest to progress
and winter wheat to grow rapidly in
Kansas. USDA reports wheat
planting was at 87 percent and wheat emergence was
at 72 percent. Corn harvest was 78 percent, which
is close to the five year average. Sorghum harvest
was lagging with 38 percent of the crop harvested.
Some farmers are waiting for a hard freeze to
harvest the crop. Soybeans were 52 percent
harvested, well behind the average of 70. Cotton
bolls opening was at 87 percent with harvest five
percent done. Click here for the full Kansas
Corn and Soybean Harvest Gains
harvest progress gained on the five-year average
last week according to the U.S. Department of
Agriculture Report released today. While 22 points
behind the average last week, progress moved
within 19 points of the average for a total of 46
percent of all corn acres harvested as of October
progress continues to move along steadily," said
NCGA President Chip Bowling, a
farmer in Maryland. "While we may be in our
combines later than normal this year, it continues
to look like we will break corn production records
when harvest does come to an end. While we work
tirelessly to bring in the crop, we must also work
to grow markets and to ensure we have the robust
infrastructure necessary to move our crop so that
farming remains profitable for the hardworking men
and women in rural America."
moved closer to the five-year average of 65
percent, now standing at 46 percent of all corn
acres harvested. States across the northern areas
of the Corn Belt have seen the slowest progress
with North Dakota lagging a full 30 points behind
the five-year average.
quality reports held stable for the third week in
a row with 74 percent of the crop still rated in
the excellent or good category. This far surpasses
the quality seen at this point last year when only
62 percent of corn acres were rated in this
harvest gained 17 percent this past week with
harvest reaching 70 percent complete, behind last
year and the average of 76.
harvest reached 42 percent, which is on track with
harvest was 56 percent complete, slightly behind
the average of 60.
for the October 27th report on National crop
Reduces Electronic Livestock Trading Hours to
Build Liquidity in Market
traders are adjusting to new trading hours at the
Chicago Mercantile Exchange.
Recently the CME Group announced electronic
trading hours would be reduced from 23 hours a day
down to daytime hours only. The hours for open
outcry trading remain
unchanged. The new hours took
effect on Monday, October 27th. CME Group Managing
Director Commodity Research and Product
Development Dave Lehman said the
change was driven by factors see in the market.
"We found we really weren't see seeing
that much or very little trading in overnight
hours, therefore liquidity was lower and prices
could tend to be exaggerated or a little more
volatile because of that lower level of liquidity,
The primary reason for
overnight market trading was driven by the demands
of international customers to allow non-US
participants to access US markets during their
business hours. Unlike the grain or oilseed
markets, the CME Group estimates approximately 80
percent of the trade comes from domestic market
participants. Lehman said 98 percent of the
electronic trade volume was taking place between 6
am and 6 pm.
addressed the factors influencing the changes in
electronic trading with Leslie Smith of the Radio
Oklahoma Network. Click here to read more or to
listen to the full interview with
Experience Puts Garrett Sharp of Waukomis FFA Up
For National Star Award
work and dedication is paying off for
Garrett Sharp of the Waukomis FFA
Chapter. His Supervised Agricultural Experience
(SAE) project has helped him gain real-life
working experience in operating equipment and
caring for the land while being employed at his
uncle's farm. His role of the family farm became
essential when his grandfather passed away
nearly six years ago.
"That was kind
of my initiation," Sharp said. "That was my time
to take his place and take the opportunity to
Sharp will represent
Oklahoma as one of four finalists for the
American Star of Agricultural Job Placement
award at the National FFA Convention in
Louisville, Kentucky. Click here to listen to my
conversation with Garrett as he prepared for his
presentation this week in Louisville.
preview of the 2014 National FFA Convention is
sponsored- as will all of our reports coming from
Louisville this week- by the Oklahoma FFA Association, the
Oklahoma FFA Alumni and your Oklahoma Ford
Farm Service Agency Executive Director
Francie Tolle announced Monday
that FSA has begun distributing Average Crop
Revenue Election (ACRE) payments for revenue
losses associated with certain crops in Oklahoma.
Discontinued by the 2014 Farm Bill, the ACRE
program provided producers with protection from
revenue losses for crops grown in 2009-2013.
eligible for October payments include nonirrigated
corn, irrigated upland cotton and wheat grown in
the 2013 crop year. In Oklahoma, 4,360
producers on 6,444 farms enrolled 1,513,315
acres in ACRE. The Budget Control Act passed
by Congress in 2011 requires these payments to be
reduced by 5.1 percent.
your local FSA office if you have questions about
payments if you had elected ACRE for your farm
Now, you can cast your
vote for the next Faces of Farming &
Ranching! Beginning October 24 through
November 2, visit the Faces of Farming &
Ranching Online Voting page to learn more about
each of the finalists and the work they do,
including short videos highlighting their
farms/ranches. From there, vote for whom you
believe best exemplifies agriculture.
These votes will be factored into the
final decision to determine the next Faces of
Farming and Ranching.
FINALISTS - Erin Brenneman,
Iowa, Darrell Glaser, Texas, Jay Hill,
New Mexico, Brian Jones, Texas, Carrie
Mess, Wisconsin, Jessica Potter,
Colorado, Thomas Titus, Illinois, Carla
Click here to read more on how
and where to vote for the Next Faces of Farming
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.
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