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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 $6.91 per bushel-based on
delivery to Oklahoma City Monday (per Oklahoma Dept of
Ag).
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,
January 6,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured Story:
Oklahoma
and Kansas Continue to Fight Dry Weather
Conditions
Weather
conditions were cold and dry across Oklahoma in
December. In the monthly crop weather report, the
US Department of Agriculture said temperatures
averaged in the low 40's and all nine districts
had below normal precipitation levels for the
month with the exception of the northeast
district. The heaviest rainfall was in the east
central and southeast districts. The east central
district had 2.76 inches and the southeast
district had 3.29 inches of rainfall last month.
Drought conditions remained over the western half
of the state. Overall, topsoil and subsoil
moisture rated mostly adequate to short.
The limited moisture has impacted
crops, especially oats with 62 percent rated fair
to poor. The winter wheat crop rated two percent
in excellent condition, 48 in good, 34 in fair and
12 percent in poor to very poor condition.
Forty-one percent of the wheat crop was being
grazed. That's a nine point increase over the
previous year. Pasture conditions declined over
the previous month with 25 percent in poor to very
poor condition.
Click here for the full Oklahoma
report.
Weather was warmer than usual
for Kansas in December. USDA reports temperatures
averaged four to six degrees above
normal. The entire state received
some precipitation with the heaviest amounts in
the east. Top soil and subsoil moisture rated
mostly adequate to short.
The winter
wheat crop rated four percent in excellent
condition, 45 in good, 42 in fair and nine percent
in poor to very poor condition.
Click here for the full Kansas
report. |
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|
Cotton
Prices to Remain Flat Heading into 2015 Due to
Large World
Supply
Cotton
prices are projected to remain flat heading into
2015 as China continues to hold large supplies of
cotton and consumption rates remain low, according
to a Texas A&M AgriLife
Extension Service cotton economist in College
Station.
Dr. John
Robinson gave a cotton outlook
presentation at the 26th Texas Plant Protection
Association Conference in Bryan
recently.
"The cotton market is not
booming as yarn prices remain flat," Robinson
said. "We're not in a recession, but in a period
of low growth and modest consumption. We don't see
anything that would pull up cotton prices in the
near term."
Robinson said speculative
funds have been swinging from net short to
neutral, and cotton futures have just hung in
there around 60 cents.
Consequently,
cotton has been ranging in the mid to upper 60s,
he said. Click or tap here to read more
about how China is impacting US prices and the
U.S. production outlook for 2015.
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USMEF
President Phil Seng Outlines Challenges and
Opportunities in Cuba
When
the Obama Administration announced that it is
reestablishing diplomatic relations with Cuba and
taking steps to ease trade and travel
restrictions, the U.S. Meat Export
Federation (USMEF) received several
inquiries about Cuba's potential as a destination
for U.S. pork and beef.
While
restrictions on financial transactions and other
constraints have made Cuba difficult to serve, the
market has actually been open to U.S. meat exports
for several years. U.S. pork exports to Cuba have
been as high as $15.3 million in 2010, while the
peak value for U.S. beef exports was just under $1
million in 2011.
USMEF
President and CEO Philip Seng said there
are some challenges in selling red meat to Cuba,
primarily lack of private sector infrastructure as
well as purchasing power. Currently, all export
transactions must be conducted through a Cuban
government entity (Alimport). Seng said for the
past 30 to 40 years this government institution
has bought all product coming through Cuba. This
is different from any other country in the
Caribbean or elsewhere around the world, as it is
very state controlled. Seng believes there is a
lot of work that has been done first before the US
begins to see increased meat sales into
Cuba.
I
featured Seng on the Beef Buzz feature. Click or tap here to listen
to our report as Seng talks about some of the
challenges USMEF has in promoting US beef and pork
in Cuba.
Beef
Buzz is a regular radio broadcast feature that is
heard on many of our great radio stations that are
a part of the Radio Oklahoma Ag Network- and the
programs are archived and can be heard on our
website in the Beef Buzz section.
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Noble
Foundation Releases Four New Small Grains
Forages
The
Samuel Roberts Noble Foundation
forage breeding program continues the rich legacy
of forage development that started more than 60
years ago with the release of new varieties.
In the early 1950s, the Noble
Foundation established its breeding program for
forages (plants consumed by grazing animals),
specifically developing improved varieties for
four small grains species: rye, wheat, oat and
triticale (a rye/wheat hybrid). Today, the small
grains breeding program is one of the
organization's longest running breeding programs
at the Noble Foundation.
The Noble
Foundation's small grains breeding program
continues to focus on creating dual-purpose
varieties with improved forage qualities - better
fall production, the ability to recover after
grazing, and better overall forage yields to
benefit livestock production in the Southern Great
Plains and southeastern United States.
This ongoing work has produced four
new small grains varieties over the past few
years. These varieties will now be commercialized
by Oklahoma Genetics Inc.
Click or tap here to read more
about the wheat, triticale, rye and oat varieties
being released by the Noble
Foundation.
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Peel
Advises Cow-Calf Producers to Plan Beyond
2015
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
newsletter.
The euphoria of high
cattle prices in 2014 leads, for some cow-calf
producers, to uneasiness and indecision in 2015.
The question is how to best take advantage of the
current market. The answer to that depends on
several factors including;
1) The
current status of the operation, i.e., is the
operation at full capacity or is there room to
grow?
2) The producer's market
expectations for the next several
years.
3) For older producers: is there
a time frame for retiring/exiting the
business?
In other words, producers
need to ask now where they want to be in 3-5
years. The answer to that question will reveal
whether 2015 should be a year of liquidation;
holding steady; or expanding the cow herd.
Click or tap here to read more
about the decisions producers will have to make in
2015. |
Want to Have the Latest
Energy News Delivered to Your Inbox
Daily?
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winning broadcast journalist Jerry
Bohnen has spent years learning and
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here in the southern plains- Click here to subscribe to his
daily update of top Energy News.
|
The
Minority Leader for the Oklahoma House of
Representatives Monday announced
Democratic committee appointments and ranking
members for the 55th Legislature, which convenes
in earnest on Feb. 2.
Rep.
Scott Inman also assigned ranking members
for each committee. Ranking members will serve as
senior advisers for caucus members, work closely
with committee chairpersons to maintain goodwill,
and vigorously protect the caucus' interests in
all committee business. Also, ranking members will
become committee chairs if control of the House
changes.
"We have made a concerted
effort to align our members on House committees
that accentuate their strengths, their life
experiences and their backgrounds," said Inman,
D-Del City. "This will enable them to be better
advocates for their constituents and for all
Oklahomans."
State
Representative Steve Kouplen
of Beggs will serve as Ranking
Member of the House Agriculture and Rural
Development Committee.
Kouplen
will also serve as the ranking member on the
subcommittee that will hold the purse strings for
agricultural related spending- the Appropriations
and Budget Natural Resources & Regulatory
Services Subcommittee.
Click or tap here for the
full list of Democratic committee
appointments.
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Boxed
Beef Trade Suggests Hand to Mouth Buying in Beef
Pipeline as 2015 Begins- Ed Czerwein
Ed
Czerwein, who is the market reporter for
the Market News Office in Amarillo, Texas, has his
latest weekly boxed beef trade review for the
trade ending this past Friday.
"The
daily spot Choice box beef cutout ended the week
last Friday at 247.83 which was $3.31 higher but
it had been even higher on Wednesday. There were
only 539 loads sold for the week in the daily box
beef cutout. It was about 11 percent of the total
volume.
"The Comprehensive or weekly
average Choice cutout which includes all types of
sales was 244.43 which was .97 higher. There were
only 4961 loads sold which was 510 loads lower for
the week and the lowest number since the same week
in 2008. The daily cutout has rallied about 9.25
this past two weeks but the weekly average of all
sales has only improved about 1.50 during the same
time period."
Looking
forward- Ed says "the most recent out-front sales
were at 383 loads which was 662 loads lower and
the lowest number in quite some time which means
meat buyers are back to buying product hand to
mouth."
Read
more of Ed's review and listen to his analysis by
clicking here.
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God Bless!
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phone: 405-473-6144
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