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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 $6.49 per bushel- based on
delivery to Oklahoma City Friday(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 16,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured Story:
Ok Conservation
Commission Executive Brings Grass-Roots
Perspective
The
new Executive Director of the Oklahoma
Conservation Commission has a deep family
history with conservation efforts. As a farmer and
rancher, Trey Lam is a second
generation Oklahoma conservation district
director. He has served about 15 years on his
local conservation district board. He has also
served as President of the Oklahoma Association of
Conservation Districts and was their national
board representative where he worked on both state
and national conservation issues. As a grandson of
the "Dust Bowl" he has heard numerous stories
about the worst days of the 1930's and has lived
personally through both drought and flooding.
When Mike Thralls
announced his retirement from the Oklahoma
Conservation Commission, Lam was approached by
several individuals to apply for the position. Lam
said initially he didn't have any interest in
applying because he loved his job as a farmer and
rancher. He said he had been complaining about
soil and water conservation efforts and thought he
needed to step up. In his first few months with
the commission, Lam said he has enjoyed the
opportunity in seeing conservation issues from a
wider perspective.
"As I have taken on
this job, I realize how many natural resource
challenges there are around the state and there
are a lot of different strategies for tackling
those and fixing those problems," Lam said.
Conservation
efforts got a big boost in funding this week as
US Ag Secretary Tom Vilsack
announced Wednesday that more than $370 million in
funding will be allocated for 115 high-impact
projects across all 50 states and the Commonwealth
of Puerto Rico. I caught up with Lam to talk
about how that announcement will help Oklahoma.
Read or have the opportunity to listen to the full
conversation by clicking here.
Tomorrow
morning- Lam will be my guest on the In the Field
TV segment that is seen Saturday mornings on KWTV,
News9 at 6:40 AM. |
Sponsor
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efforts to serve rural America!
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Cash
in Advance Redefined by Obama's Treasury
Department- Making Good on Pledge to Ease Trade
Restrictions for Cuba
The
Obama Administration has announced new rules
regarding trade and travel to the island nation of
Cuba- making the words of President
Obama come to life when it comes to
starting to restore long lost relations with
Cuba.
Specifically
for agriculture- the Treasury Department has
changed what they are saying "cash in advance"
is. During the George W
Bush Administration, "cash in advance"
was defined as the money having to be deposited in
the bank(in a third party country) before the ag
goods could leave the US port. Now, as of
today- a cash payment will be due only when goods
arrive at a Cuban port. Specific licenses that
were needed are no longer required.
According
to Reuters, Tyson Foods, who already does some
business with Cuba, likes the changes, calling
them good for helping expand agricultural trade
with Cuba.
Wheat
from Oklahoma(shipped from the Gulf) would be one
product that could be an early candidate when it
comes to new farm export business with
Alimport- the government agency
that handles virtually food and ag trade into
Cuba.
Our
friend, Keith Good, has an
excellent overview of this situation regarding
Cuba in his daily Farm Policy blog. Click here for today's edition to
read more about opening trade and travel with
Cuba.
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International
Trade on Pace for Strong Finish for 2014
New
trade data shows the U.S. will finish 2014 with
strong beef exports for the year. The US
Department of Agriculture and US Meat Export
Federation has released their
November beef export numbers. Oklahoma
State University Extension Livestock
Market Economist Dr. Derrel Peel
said November's export levels were lower, imports
were up, but overall for the year U.S. beef
exports are finishing the year on pace with the
year before- and likely will be at a record level
when it comes to the value of those exports.
"Both of those are things you would
expect given the high price of beef in the U.S. as
well as the decreased production we had in 2014,"
Peel said.
One of the important
markets for U.S. beef is our neighbor to the
north- Canada. It's one of our biggest beef export
markets, one of largest sources of beef imports
and an important source of cattle imports. Peel
said there is a very integrated flow of products
between the countries. He also says that's
the case with our neighbor south of the Rio
Grande- Mexico. Read more about both countries as
they relate to our beef trade and have the
opportunity to listen to this Beef Buzz by clicking
here.
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OSU
Extension and Texas Agrilife Team Up to Present
Red River Crops Conference
Texas
and Oklahoma producers who raise crops along the
Red River border can pick up important tips to
promote profitability in their agricultural
enterprises by attending the Jan. 27-28
Red River Crops Conference in
Childress, Texas.
Gary
Strickland, Oklahoma State University
Cooperative Extension agricultural educator for
Jackson and Greer counties, said the conference
will focus on agricultural production
circumstances and concerns specific to
southwestern Oklahoma and the Texas Rolling
Plains.
"Think of it as one-stop
shopping where producers of all experience levels
can get the latest science-based information and
ask questions of leading experts in applicable
agricultural disciplines, as well as interact with
area producers who may be in situations similar to
their own," he said.
The
conference is sponsored by the Oklahoma
Cooperative Extension Service and Texas A&M
AgriLife Extension. Click here to read more about
topics covered and how to register.
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Kim
Anderson Breaks-Down Drop in Crop Prices
Commodity
prices have continued to plunge downward. On this
weekend's edition of SUNUP, Oklahoma State
University Crop Marketing Specialist
Kim Anderson addresses all of the
different factors that are driving prices lower
from the exit of the fund money in the market, to
the decline in petroleum prices, the deteriorating
economies in Europe, Egypt and eastern Asia and
global grain stocks that remain relatively large
around the world. Anderson said the most talked
factor in the market has been the funds getting
out of commodities in selling corn, soybeans,
wheat, live cattle and feeder cattle. Since
mid-December wheat prices have fallen $1.09, corn
prices are down 30 cents and soybean prices are
down 40 cents over the past couple weeks. Live
cattle are down $15 and feeder cattle are down
$25. Anderson the funds have been driving the
market for the last couple of
weeks.
SUNUP host Lyndall
Stout asked Anderson about the US
Department of Agriculture reports that were
released Monday and how they have influenced the
market. Anderson the U.S. planted acreage report
estimated total wheat acres at 40.5 million acres.
That was down five percent from last year. Hard
red winter acres were down three percent at 29.5
million acres. Anderson said Oklahoma acres were
down four percent, while Kansas and Texas acres
were down two percent.
"I think those
are some significant numbers and should support
our prices," Anderson said.
Anderson
also addresses the World Agricultural
Supply Demand Estimate (WASDE) report and
what need to happen for prices to reverse and move
higher. Click here to hear
Anderson's full conversation that can be seen on
SUNUP on Saturday. Our webstory also has the
complete SUNUP lineup for this weekend as well.
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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.
|
Bayer
CropScience Announces New Cotton and Peanut
Insecticide Expected Registration
Bayer
CropScience anticipates the registration
of their newest insecticide/nematicide for the
2015 cotton and peanut season in the Southeast.
Expected to become the new best management
practice in southern row crops, Velum®
Total insecticide/nematicide will deliver
wide spectrum, long-lasting control of nematodes
and early season insects for better ROI.
Velum Total is a unique blend of
active ingredients that work together to combat
nematodes and stop insect damage. Applied
in-furrow at planting, university trials show that
Velum Total enhances root health and helps
establish strong early season growth, decreasing
the need for additional foliar sprays to control
damaging insect pests. When used in cotton and
peanut university trials, Velum Total provided
greater yield response than the historical
standard Temik®, which is no longer available for
sale or use in the United States. Furthermore,
Velum Total is safe for use on crops in a tankmix
with a variety of other agricultural
products.
"Bayer CropScience is excited
to offer growers another tool in their tool box as
we look to combat insect pressure for southern row
crops," said Lee Hall, Bayer
CropScience product manager. "Upon registration,
Velum Total will offer growers a unique
combination of long-lasting insect control and
nematode management for a more efficient program
that maximizes yield."
When
registered, Velum Total will be available in the
Southeast for cotton and peanuts in 2015. A full
launch is expected in 2016 throughout the South
from Virginia to Texas with expanded crop use
labels.
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This
N That- Farm Bill Decisions, Drought Numbers and
Lake Levels
We
have posted on our website a lengthy analysis by a
couple of economists at the University of Illinois
in regards to considering corn prices over the
long haul when it comes to making a decision of
going with PLC or ARC for your farm bill
choice.
Even
if you don't raise corn- you may want to review
the article- available here- as it offers a
feel of how frustrating it can be in trying to
make a long term forecast make the final decision
for you.
I
thought the conclusions that Scott Irvin and
Darrel Good offered showed no quick solutions are
out there- and that market shocks- as they call
them- could easily make you look really smart or
really dumb in your final call on going with PLC
or ARC.
**********
Latest
Drought numbers show a lot of Oklahoma continues
in various levels of drought- Gary
McManus in his latest Mesonet Ticker
provides the numbers:
6%
of the state in D4-Exceptional drought
17%
in D3-Extreme drought
20%
in D2-Severe drought
17%
in D1-Moderate drought
11%
in D0-Abnormally Dry conditions
30%
of the state drought free
More
than 1.4 million people affected by drought in
Oklahoma
Gary
says that we could get some above normal rainfall
amounts next week- but then runs away from that
statement like he had just slapped the back of a
very mean bull.
Click or tap here to read in full
his latest Mesonet Ticker which talks not just
drought- but also the odds of rainfall and how dry
it may be well into spring.
**********
Finally-
this relates to the drought and provides little
comfort- but still numbers that we need/want to
know.
News9's
David Payne posted this graphic
last night and we end this morning's email with
it- providing the current shortfall for Oklahoma
lake levels- worst by far- and it's not even
close- is Lake Altus Lugert- at 32 feet BELOW
NORMAL.
Wow-

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God Bless!
You can reach us at the following:
phone: 405-473-6144
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