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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
$7.13 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.
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,
December 16,
2014 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Bill
Broady Watches Oklahomans Raise $61,078 for the
All American Beef Battalion
The
All American Beef Battalion
received its largest donation in the
organization's history in Oklahoma City Monday.
For the fifth straight year a special calf auction
was held at the Oklahoma National
Stockyards. All American
Beef Battalion Founder Bill
Broady of Ashland, Kansas watched as
Oklahomans raised $61,078(the
number provided by Debbie Wedel last night from
National Livestock Credit Corp).
"It's
phenomenal, its the largest amount ever raised in
any single function for us," Broady said. "The
generosity of Oklahoma Cattlemen is just, is
just......I'm speechless, I'm
speechless."
Over the last five
years- the support of the National
Livestock Credit Corporation, affiliated
companies and cattlemen have helped feed thousands
of military personnel a ribeye steak as they come
home from being deployed overseas. The 2015
calf was donated by 3C Cattle
Feeders and the Clyde Runyan
family of Mill Creek, Oklahoma.
Broady
said 100 percent of the money raised goes toward
the mission of showing appreciation and respect
for the Armed Forces Military Service members.
Part of the Battalion's mission is to organize and
sponsor steak feeds, entertainment, programs and
projects for service members and their families.
The All American Beef Battalion was
developed about six and half years ago by Broady,
a Vietnam Veteran. One day he saw the mainstream
media talking negatively about the nation's troops
overseas. Broady said it was reminiscent of how he
was treated when he came home from Vietnam and
decided he wanted to offer a positive response for
our troops coming back from serving outside of our
borders. Being a lifelong cattleman, he choose to
provide steaks for troops. Click here to hear our
conversation with Broady and to read more about
the impact of this organization and how you
can also support the cause.
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Sponsor
Spotlight
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
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inventory and resources, to provide you, the
customer, with a better experience all around. Click Here 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 .
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.
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Derrell
S. Peel, Oklahoma State
University Extension Livestock Marketing
Specialist, writes in the latest Cow/Calf Corner
newsletter.
In his latest analysis
of the beef cattle industry- Dr. Derrell
Peel looked at both Canada and Mexico in
regards to their current populations of female
beef animals. Here's his look at the Canadian
cattle industry:
On July 1, 2014, Canada reported an all cattle
inventory of 13.33 million head, down one percent
from 2013. This total includes 3.92 million beef
cows, also down one percent from one year ago. The
July 1 Canadian beef replacement heifer inventory
was 616,000 head, down 4 percent from 2013 levels.
Weekly Canadian cattle slaughter data for the year
to date through early November indicates that
total cattle slaughter is up 4.2 percent year over
year, including a 10.4 percent increase in heifer
slaughter. Beef cow slaughter in Canada is down
8.1 percent for the same period.
U.S.
imports of Canadian cattle for the first ten
months of 2014 were up nearly 20 percent,
including a 7.3 percent increase in cattle for
immediate slaughter and a 42 percent increase in
feeder cattle. Total cattle for immediate
slaughter includes a two percent increase in
slaughter cows and a 15 percent increase in
slaughter heifers for the year to date. Among
feeder cattle imports from Canada, year to date
totals include a 68 percent increase in feeder
heifers and a four percent increase in feeder
steers. Roughly 95 percent of the year over year
increase in feeder cattle imports from Canada
consists of heifers, an increase of over 100,000
head.
Increased heifer slaughter in
Canada combined with increased heifer exports to
the U.S. suggests that heifer retention is not
happening in Canada. This is consistent with
decreased beef cow and beef replacement
inventories and, reduced Canadian beef cow
slaughter notwithstanding, suggests that the
Canadian beef cow herd is not expanding or at most
very slowly in 2014.
Click here to read about the
Mexican beef cow and how the Canadian and Mexican
cow and heifer situation has implications for herd
size and cattle production on the North American
continent in coming years.
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LMA
Opposes USDA Creating Second Beef Checkoff Farm
Dust
The
Livestock Marketing Association
(LMA) submitted comments opposing USDA
Secretary Tom Vilsack's plans to create a
second Beef Checkoff under the Commodity,
Promotion, Research, and Consumer Information Act
of 1996. Cattle producers already pay a $1
Checkoff each time cattle are sold. This program
was created in 1985 under the Beef Promotion and
Research Act. If USDA moves forward with their
plans, the second Checkoff would run at the same
time as the current Checkoff.
The LMA
is the leading national trade organization for
more than 800 livestock marketing businesses
located throughout the United States. LMA
represents more than 75 percent of the regularly
selling local livestock auction markets.
Approximately 36 million head of cattle are sold
at livestock markets each year, making the markets
a major collector of the dollar remitted to state
beef councils under the current Beef Checkoff. For
example, approximately 80 percent of the Checkoff
funds in Tennessee and 60 percent of the funds in
Oklahoma are collected at livestock markets.
"We have concerns about the creation
of a second Checkoff, as we have not experienced
industry support for the creation of a second
program," said Dan Harris,
LMA President and owner of
Holton Livestock Exchange in
Holton, Kan., in LMA's comments to USDA. LMA has
particular concerns that the new Checkoff could be
collected for three years prior to a producer vote
asking if the new Checkoff was desired.
Click here to read more from LMA
is opposed to the creation of a second beef
checkoff.
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Registration
Now Open for 2015 No Till on the Plains
Conference
No-till farmers
won't want to miss the 2015 No-till on the
Plains Winter Conference, featuring
the theme "Unlocking the Potential on Your Farm,"
Jan. 27-28 at the Bicentennial Center in
Salina, Kansas.
"This year's conference
has something for everyone who wants to learn
more about no-till production practices"
said Ryan Speer, president
of No-till on the Plains and a farmer from
Halstead, Kansas. "The conference program
will help producers understand basic
concepts and principles of moving to a no-till
system, plus help those long-term no-tillers
who are seeking to optimize their management to
reach it's highest potential for production,
soil health and profit."
Featured
speaker Dr. Fred Provenza
will deliver the keynote address "Unlocking
the Potential of Your Mind-Creating Our Way
Into the Future. Dr. Provenza will discuss how the
changing landscapes and environments that
producers and humans continually must adapt
to, provides the opportunity to tap into the
power of the human imagination and creativity
of the mind. Dr. Provenza is professor
emeritus of Animal Behavioral Ecology and
Management in the Department of Wildland
Resources and Ecology Center at Utah State
University. He is a pioneer in the
study of how behavior links soils,
plants, herbivores, and humans and their
collective effects on the health of
landscapes. Click here to read more about the
other featured speakers and topics being
presented at the 2015 No-Till on the Plains
conference.
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A
veterinary education is extremely costly,
sometimes leaving students with a stack of debt at
the end of vet school. Dr. Michael
Dicks specialized in ag policy at
Oklahoma State University in the
Agricultural Economics Department. At the
beginning of 2013 he became the director of the
Veterinary Economics division of the
American Veterinary Medical
Association. Dicks said having a lot of
student loans can make it very difficult for
graduates to start a large animal veterinary
practice.
"The market for education is
the start of that pipeline and whatever it costs
those veterinarians to go to school when they
become veterinarians, some how they have to be
able to make enough money to pay off that debt,"
Dicks said. "The average veterinarian getting out
of school today has about $130 - thousand dollars
in debt. That's the average, but we also have kids
that have up to $400-thousand dollars in
debt."
Being a veterinarian isn't
as financially lucrative as you might think. Dicks
said veterinarians receive on average a salary of
$66 - thousand dollars with the low end range at
$40 thousand dollars annually and the top end
receives about $85 thousand a year. He said this
gives veterinarians a debt to income ratio
somewhere between two and four and in most cases
many would have to borrow money for the first five
years in order to be a practicing veterinarian.
I
featured Dicks on the Beef Buzz feature. Click here to read more on the
challenges facing rural veterinary practices and
also some programs that will assist veterinary
medicine graduates repay their student
loans.
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Still Waiting on Senate to
Consider the Tax Extenders Bill
Approved but by the US
House
It
was a point of frustration this past week at the
Tulsa Farm Show for both exhibitors as well as
potential buyers of equipment that were in
attendance at the show. The slowness of the Senate
to approve the Tax Extenders package meant that
many purchases of big ticket items that would have
occurred at the show either fell to the wayside or
were put on hold while both sides waited to hear
whether the relatively small deduction limit in
2014 would be raised up to a six figure number or
not.
The
package of tax breaks includes the extension for
all of 2014 the Section 179 break. According to
the website section179.org,
"Despite
pleas from small business organizations across the
U.S., Majority Leader Harry Reid,
D-Nev., has said the Senate would deal with the
omnibus spending legislation that passed on
Saturday before taking up the tax extenders, so
tax relief for small business was being held to
last."
If
the measure is approved by the Senate (and most DC
experts expect that to happen tomorrow or
Thursday), you will have about 6 or 7 business
days to take advantage of it in 2014- this one
year extension is only for 2014- with a
reorganized Congress led by the GOP in both bodies
wanting to do a major overhaul of tax policy in
general- so no telling what tax policy might look
like for the new calendar year.
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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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