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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 $6.94 per bushel- based on
delivery to Oklahoma City yesterday (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
Friday, January 9,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured Story:
Tyler
Norvell Previews the 100th Anniversary Oklahoma
Youth Expo Coming This March
Coming
up starting March 11th will be the 100th
Anniversary of what is known today as the
Oklahoma Youth Expo. Some of the
former names that the spring youth livestock show
that has been held in Oklahoma City include the
very first name of the show for years one and two-
the Oklahoma Breeders Show and Sale. Later in the
late 1910s and into the 1920s- the name utilized
was the Southwestern Livestock Show. By the 1930s-
it was being called the Oklahoma 4-H and FFA
Livestock Show. In later years, it became known as
the Oklahoma 4-H and FFA Junior Livestock Show-
the World's Largest Junior Livestock Show.
In 2001- a new entity was formed and
the Oklahoma Youth Expo was born. The third
Executive Director of the OYE is Tyler
Norvell. I talked with Norvell about
the 100th Anniversary of the show and the enormous
undertaking that the show has become.
Norvell
says that over 21,000 animals have been nominated
to be eligible for the 2015 OYE- including more
than 13,000 hogs. All four species have more
animals nominated compared to 2013- setting the
stage for a huge show for the 100th
Anniversary. Click or tap here to listen
to our conversation.
Norvell
will be my guest on the In the Field TV
segment that is seen Saturday mornings on KWTV,
News9 at 6:40 AM.
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Up
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2015. The show is the premier spring
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show to learn more.
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Ag
Groups Announce Formation of the U.S. Agriculture
Coalition for Cuba
Prominent
U.S. food and agriculture associations and
companies, announced the formation of a
coalition that seeks to advance trade relations
between the United States and Cuba by ending the
embargo policy. The U.S. Agriculture
Coalition for Cuba (USACC) is supported
by more than 30 agricultural organizations and
companies committed to and united around the
opportunity presented by a deeper U.S.-Cuba
relationship.
"The
historic policy changes announced by the President
will take steps to make American farm and products
more price competitive, which will expand choices
for Cuban shoppers at the grocery store and create
a new customer base for America's farmers and
ranchers," said Agriculture Secretary Tom
Vilsack. "The President and this
Administration look forward to engaging in an
honest and serious debate about next steps in
Cuba, and I have no doubt that the USACC will have
an important role to play as these conversations
continue and we expand our relationship with the
Cuban people in the coming years."
"The
U.S. wheat industry applauds these efforts to
normalize trade relations, which take concrete
steps away from a policy approach towards Cuba
that has accomplished little," said U.S.
Wheat Associates President Alan Tracy.
"If U.S. trade with Cuba can increasingly respond
to economics rather than politics, we believe our
wheat market share there will eventually grow from
its current level of zero to around 80 to 90
percent, as it is in other Caribbean nations. We
have a natural competitive advantage over other
suppliers." Click here to listen to comments
made by Tracy during the news conference.
"Easing
financing restrictions on agricultural trade with
Cuba will make U.S. farmers and ranchers more
competitive in the Cuban market of 11 million
consumers," American Farm Bureau
Federation President Bob Stallman
said. Click or tap here for more from
AFBF.
National
Corn Growers Association President Chip
Bowling issued the following
statement: "Cuba is not a level playing
field for American farmers. It's time we have a
chance to better compete for Cuba's business. NCGA
has long supported normalized trade relations with
Cuba, as part of our efforts to expand markets for
U.S. corn and feed the world. We are proud to join
this coalition. We will work closely with our
fellow coalition members to advance a trade
relationship with Cuba that is efficient, globally
competitive, and benefits both nations." Click or tap here to learn more
about the potential to grow corn exports to Cuba.
Other
coalition members include the
National Chicken Council and
the American Soybean Association-
click on the names of those groups for
their statements as
well. |
Anderson
Recaps Wheat Market, Monday's USDA
Report
Wheat
farmers had some good opportunities to take
advantage of the bump in wheat market over the
last month. On this weekend's edition of SUNUP,
Oklahoma State University Crop
Marketing Specialist Kim Anderson
recaps the swings in the wheat market.
November ended with cash prices in
Oklahoma right at $6 per bushel, by mid-December
that price increased to $6.60 providing a great
opportunity to market both new crop and crop
wheat. December ended the month right at $6 and
since the first of January, prices have continued
to fall. He said farmers need to look for these
marketing opportunities.
"I think the
big lesson in December is, if you get a price
rally in wheat you need to take advantage of
that," Anderson said. "Right now I am still
predicting the cash price at harvest about $5.75.
That's going to get your July contract somewhere
around $6, a little above $6. You get a rally,
take advantage of it."
SUNUP host
Lyndall Stout asked Anderson about the factors
that driven the market both up and down in recent
weeks. Click or tap here to listen to
hear about those factors, plus what to expect when
the US Department of Agriculture will release the
January World Agricultural Supply Demand and
Export Report (WASDE) along with the planted
winter wheat planting report on
Monday. |
Robb
Offers Favorable Outlook for Cattle Producers in
2015
The
head of the Livestock Marketing
Information Center is optimistic on the
outlook for cattle prices in 2015, but not without
competition from less expensive competing meats.
LMIC Executive Director Jim Robb
said pork and poultry demand will put pressure on
how much gain the beef and cattle markets have
this year.
"I think it really takes us
not to skyrocketing prices that we had in 2014, I
don't think it really takes away from prices
levels because fundamentally even though we will
have pretty good beef production in 2015," Robb
said. "We have it down one percent year to year in
terms of beef output in 2015."
The
supply side remains quite tight, so demand will be
key. Robb said these competing meats are part of
the beef demand component. The state of the
domestic economy will have a bigger impact this
next year. Robb said right now the US economy is
growing and leading the world. The U.S. government
announced in late December that they raised the
third quarter Gross Domestic Product (GDP) to a
five percent year over gain. That is the largest
gain since before the recession.
I
featured Robb on the Beef Buzz feature. Click or tap here to hear
Robb talk about the outlook for the fed and feeder
cattle market in
2015. |
November
Meat Export Volumes Lower, but Value Remains on
Record Pace
U.S.
beef and pork export volumes trended lower in
November, according to data released by USDA and
compiled by the U.S. Meat Export
Federation (USMEF). However, the
cumulative 2014 volume totals were still higher
year-over-year, with January-November beef exports
up 2 percent to 1.1 million metric tons (mt). Pork
exports were also 2 percent higher at just under 2
million mt.
With December totals still
to be recorded, beef exports already set a new
full-year value record of $6.49 billion (up 16
percent year-over-year). Pork export value through
November ($6.13 billion, up 11 percent) is on pace
to break the 2012 record and already exceeds the
2013 year-end total.
November results
were mixed for beef exports, with volume down 5
percent from a year ago to 96,348 mt, while value
was 19 percent higher at $626.7 million. November
pork exports were down 13 percent in volume
(168,062 mt) and 6 percent in value ($519.9
million).
USMEF President and CEO
Philip Seng said that while the
first 11 months of 2014 reflect a very solid
performance for U.S. beef and pork, exports face
heightening economic challenges in leading markets
in the coming year. Click or tap here to read more
about the US beef, pork and lamb export levels.
|
Want to Have the Latest
Energy News Delivered to Your Inbox
Daily?
Award
winning broadcast journalist Jerry
Bohnen has spent years learning and
understanding how to cover the energy business
here in the southern plains- Click here to subscribe to his
daily update of top Energy News.
|
CropLife
America Celebrates the International Year of
Soils
CropLife
America (CLA) is pleased to celebrate the
International Year of Soils
(IYS), an initiative launched by the Food
and Agricultural Organization (FAO) of
the United Nations for 2015. Within the framework
of the Global Soil Partnership,
the goal of IYS 2015 is to increase awareness
about the importance of soil for food security and
ecosystem functions. Among a number of objectives,
IYS 2015 seeks to promote investment in
sustainable soil management
activities.
Modern agriculture plays an
increasingly important role in environmental
sustainability and soil conservation. Through the
use of crop protection products, farmers can
employ conservation tillage and decrease the
erosion of soil up to 90%.1 Fuel use also drops,
with a reduction of 558 million gallons a year or
22.2 billion pounds of carbon dioxide
emissions.
"Farmers depend on healthy
soils," comments Jay Vroom,
president and CEO of CLA. "Since the 1985 Farm
Bill, we've seen great advancements in soil
conservation practices. Crop protection products
and forward-thinking farm policies have
contributed greatly to the public good. We must
continue to invest in research about soil and the
organisms that live in it to further develop our
farming
practices."
Click or tap here to learn more
about how CropLife America will focus on the
importance of soil and the role that modern
agriculture plays in its conservation.
|
FORTIX
Fungicide Approved for Use in Winter
Wheat
Arysta
LifeScience North America, LLC and Cheminova, Inc.
announced Tuesday that FORTIX® Fungicide, jointly
produced and marketed by both companies, has
received registration for use in winter and spring
wheat.
FORTIX
combines two best-in-class fungicide chemistries
fluoxastrobin, the fast-acting strobilurin from
Arysta LifeScience, and flutriafol, the longest
lasting triazole from Cheminova. In wheat, it is
recommended that growers apply FORTIX at flag leaf
to control and protect against diseases including
leaf rust, stripe rust, stem rust, powdery mildew,
septoria leaf and glume blotch, and tan
spot.
"We believe
FORTIX with its broad spectrum, dual action
chemistry will protect the flag leaf like no other
in wheat," says Hugh MacGillivray, head of
marketing-North America, Arysta LifeScience.
"Growers can spray FORTIX and expect quick and
consistent disease management. It stops disease
from progressing."
Click here for more information
on this new crop protection tool that will be
available this year for winter wheat
producers.
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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.
Click here to check out
WWW.OklahomaFarmReport.Com
God Bless!
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