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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
$6.05 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,
February 6,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
-- Watch News9 tomorrow morning- Our guest
for our In the Field Segment- OCA President
Richard Gebhart- tune in at 6:40 AM to check it
out!
| |
Featured
Story:
Noble
Foundation Part of Collaboration to Advance Land
Stewardship
Three
agricultural organizations officially formed a
collaboration that will benefit private land
owners across the United States. The
Samuel Roberts Noble Foundation,
based out of Ardmore, Oklahoma, Texas
A&M University's Institute of
Renewable Natural Resources (IRNR), and the
East Wildlife Foundation, have
signed a memorandum of understanding that formed
the Center for Private Land
Stewardship (CPLS). The signing took
place Tuesday, February 3, at the launch of the
Cattle Industry Convention in San Antonio Texas.
I caught up with Noble Foundation Center for
Land Stewardship Manager Chad Ellis to talk about
this effort.
Ellis said the
Center for Private Land Stewardship is a
collaboration of like-minded organizations that
aims to focus on land stewardship and the
importance of stewardship. The
group aims to help promote what private landowners
do and how the public benefits from clean water,
clean air, wildlife habitat and open space. The
group also wants to empower land managers and help
them with these management techniques. Ellis said
there will be a lot of educational outreach, along
with the development of new tools to help private
land owner's make decisions and support the
private landowner's interests.
Working
with the Noble Foundation is Texas A & M's
Agri-Life Institute of Renewable Natural
Resources. Associate Director Brian
Hays said there is a lot of opportunity
to do some good things on behalf of landowners
across the country.
"Individually we
are working on these and promoting land
stewardship and the importance of land stewardship
and together we can work together to make that
voice louder and be heard over a larger area and
the partnership will allow us to do that," Hays
said.
One of the primary missions of
the partnership will be communicating the
important role land owners have. In a state like
Texas that has become more urban, Hays said they
will aim to show the stewardship landowners
provide for public benefit. The group will also
study the trends across the country with further
fragmentation of land into smaller parcels. Hays
said they will work with and educate new owners
about land stewardship and why it should be
sustained.
To
read more about this new collaboration and have
the opportunity to listen to the full
feature, click or tap here.
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Sponsor
Spotlight
Here
in the new year- we are delighted to have a new
partner in helping bring you our daily Farm and
Ranch News Email- National Livestock
Credit Corporation. National
Livestock has been around since 1932- and they
have worked with livestock producers to help them
secure credit and to buy or sell cattle
through the National Livestock Commission Company.
They also own and operate the Southern
Oklahoma Livestock Market in Ada- and
more recently acquired Superior Livestock,
which continues to operate independently. To learn
more about how these folks can help you succeed in
the cattle business, click here for their website or
call the Oklahoma City office at
1-800-310-0220.
We
are delighted to have the Oklahoma
Cattlemen's Association as a part
of our great lineup of email sponsors. They
do a tremendous job of representing cattle
producers at the state capitol as well as in our
nation's capitol. They seek to educate OCA
members on the latest production techniques for
maximum profitability and to communicate with the
public on issues of importance to the beef
industry. Click here for their website to
learn more about the OCA.
|
Ag
Groups Send Letter to Congress in Support of Crop
Insurance
A coalition of 31 Agricultural
groups have written to Congressional leadership in
regards to maintaining the "pot of money"
that funds Crop Insurance as the lynchpin for the
federal farm safety net- here are a few of the
comments they have made to those members of
Congress:
"The agriculture community is
committed to the belief that balancing the Federal
budget is important, which is why the industry
supported the passage just last year of a farm
bill that was estimated to reduce the deficit by
$16.6 billion. Additionally, crop insurance has
been contributing more than $1.2 billion a year
towards reducing government spending since the
2008 Farm Bill.
"Therefore, we strongly oppose the
President's budget proposal to make crippling cuts
to crop insurance. Attacking farmers' most
important risk management tool only weakens the
farm safety net in the bipartisan farm bill that
Congress carefully crafted after years of
deliberation and more than 40
hearings.
"The farm bill places greater
emphasis on risk management than previous farm
bills. Farmers spend approximately $4 billion a
year of their own money to purchase insurance from
the private sector, which is far more efficient
and effective than government-run crop insurance
delivery systems. Crop insurance products and
protection levels can be tailored to the
individual farm, making it so effective in
managing risk that more than 90 percent of
eligible farmland is currently
protected."
To
read the letter from 31 Ag Groups to House and
Senate Budget Committee leadership, click here.
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Producing
'Enough' Beef for Growing World Population
Feeding
a growing world population is among of the top
concerns at the Cattle Industry Convention
in San Antonio. The annual gathering has
cattlemen thinking about how the beef industry
will be feeding more people with less resources in
the decades to come. One company that has devoted
a lot of resources in consideration of how we
accomplish this task is Elanco and their parent
company- Eli Lily. Here in San Antonio- I had the
opportunity to sit down with Dr. Gary
Vogel of Elanco Animal Health
to discuss what has been done to lay the
groundwork to attack this goal in the years ahead.
Elanco has launched their
"Enough Movement" - the idea of
producing enough beef to help feed the world
population of 9 billion by the year 2050. He said
it as equally as important to realize that three
billion people from second and third world
countries will be moving into the middle class in
the future. As a result Elanco is expecting a 60
percent increase in demand for meat, milk and
eggs. In the beef production analysis, an extra 43
percent more beef will need to be produced to take
care of the world demand for beef.
Meeting this goal will require greater
efficiency through innovation, allowing cattlemen
to produce more beef with fewer resources. In
talking about efficiency in the U.S., Vogel said
it takes about two years to get an animal to
harvest and it takes about 13 pounds of feed to
make a pound a beef. In evaluating a less
intensive system, such as those used in second and
third world countries or in areas that use a more
grazing approach, it takes about five years to get
that animal to the same end point and it takes
about 26 pounds of feed to produce that same pound
of beef. In looking at the future, he said it will
all come down to becoming more
efficient.
"As
we look at the world population and the number of
cattle that we are going to have to have, we are
going to need an extra 710 million cattle produced
around the world to meet the need for beef in the
year 2050," Vogel said.
This can be
accomplished a couple of different ways.
Read or have the opportunity to listen to my full
interview with Vogel on how the beef industry will
produce more beef for the growing world
population, by clicking here.
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From
San Antonio- We Present Blach, Seng and
Douglas
Lots
of themes can be pursued when you are at a meeting
like the annual Cattle Industry Convention- and
here in San Antonio this week- we have heard from
the best minds in the industry on a variety of
topics.
We
have posted three feature presentations/interviews
in the Podcast section of our website-
OklahomaFarmReport.Com.
Two
of those podcasts now up in the Listen to RON
section of our website are presentations from the
Cattlefax Session help Thursday morning.
Leading
off the Cattlefax session at each of the Cattle
Industry meetings for the last 38 years has been
Dr. Art Douglas talking
weather.
2015
marks the 39th year that Dr. Douglas has stood on
the stage and talked spring and summer weather for
the country- and Dr. Douglas offered, in addition
to his thoughts on El Nino for the short term, a
long term forecast for the next fifteen years or
so was served up by Art Douglas.
Douglas
sees the Pacific warming and the Atlantic cooling-
and that could change everything about our weather
for the next several years- click here to learn more about
his weather flip ideas.
**********
Also
from the Cattlefax seminar- Randy
Blach has been playing cleanup in the
annual Outlook Session- and this year was no
different.
Blach
says that 12014 was a remarkable year- one for the
record books- but that 2015 will be a more
difficult twelve month period.
He
steps back and offers his take on where the
industry is- and where the industry is going-
listen to it by clicking or tapping
here.
**********
Also
on Thursday- we had the chance to sit down with
talk with long time friend Phil
Seng, the President and CEO of the US
Meat Export Federation- looking at the remarkable
year 2014 was for Beef Exports. Seng told us
that the numbers are just out- and show $7.1
billion in beef exports for this past calendar
year.
Learn
more from this exclusive conversation that we had
with Seng by clicking here.
|
Anderson
Analyzes Bounce in Wheat
Prices
Wheat
prices made a nice bounce this past week after
several weeks of lower futures prices. On this
weekend's edition of SUNUP, host Lyndall
Stout interviews Oklahoma State
University Crop Marketing Specialist
Kim Anderson about the rally. He
said a big cause of the movement was the funds
getting out of short positions and buying their
way out, which created some good movement in the
market. He said Russia also reported they put in a
15 percent tax on their exported wheat, there was
also reports of slightly lower stocks around the
world and last week's U.S. exports were relatively
high for wheat. He said all of those factors
caused prices to move higher in bringing buyers
into the market.
"I think the
funds are biggest driver going in the market right
now, " Anderson said.
Anderson is also
preparing for wheat harvest to begin in India,
Pakistan and North Africa starting in March and
April. The next exportable wheat harvest will be
in the U.S. later on this spring.
In
looking at the price outlook, Anderson said the
July Kansas City wheat contract is right at $5.70
resistance level. He believes if the price can
move through $5.70, then it's next target is
$5.85. If the price gets through $5.85, then its
possible the price will get to $6.10. Right now
the floor of the market is at $5.33. Anderson said
if prices this next week don't break through
$5.70, prices could drop lower and test $5.33
level.
To
read more about harvest prices or to listen
to the full interview, click here. You can also
find the full lineup for this weekend's SUNUP TV
program. |
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 for Jerry's
website where there is a link on the Left Hand
Column where you can subscribe to his daily
update of top Energy News.
|
CME
Group to Close Most Open Outcry Futures Trading in
Chicago and New York
As
open outcry futures trading has fallen to just one
percent of the company's total futures volume,
CME Group announced Thursday it
will close most of its futures trading pits in
Chicago and New York by July 2, 2015. The
floor-based S&P 500 futures market, which
continues to provide an important venue for
trading the underlying futures contract for the
open outcry S&P 500 options on futures
contract, will remain open on CME Group's Chicago
trading floor.
Options on futures
contracts, which continue to trade actively on
both the floor and the screen, will remain open on
both trading floors except for the DJIA ($10) and
NASDAQ-100 open outcry equity index options
markets which are designed to deliver into
floor-based futures contracts.
With
the exception of the S&P 500 futures and
options on futures pits which will remain open,
equity index futures pits and the DJIA ($10) and
NASDAQ-100 options pits will close following the
expiration of the June 2015 contract on
June 19, 2015. All other futures
pits will close on July 2. In
addition, in Chicago, all options pits will be
located on a single floor in the company's
Financial Room by September.
To
read more from the CME Group, click here.
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This
N That- ANCW, Messener Sale Saturday and
AFR
Word
came to us last night that the American National
Cattlewomen have approved the Memorandum of
Understanding that has come from the Beef Checkoff
Working Group. They did so at their General
Membership meeting yesterday afternoon.
The
NCBA will vote on the MOU Saturday morning as the
Cattle Industry Convention comes to an end.
**********
It's
the oldest production sale in the state of
Oklahoma- we are talking about the Messner
Production Bull Sale happening tomorrow at the
ranch near Slapout, Oklahoma.
The
Messners will be selling 150 service age Hereford
and Angus bulls, as well as 50 bred Angus and
Hereford heifers.
For more
information- call Milt Messner at 580-273-9494 or
Van Messner at 580-552-1555. More
details are available here- including a
link over to their sale catalog.
**********
We
are just a week away from the 2015 annual
convention of the American Farmers and
Ranchers/Oklahoma Farmers Union. They have
an excellent program lined up- click here to take a look at what
they have planned for those in attendance at the
Embassy Suites on the north side of Norman off
I-35.
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Our thanks
to Midwest Farms Shows,
P
& K Equipment,
American Farmers &
Ranchers,
Stillwater Milling Company, CROPLAN by Winfield, the Oklahoma Cattlemens
Association, Pioneer Cellular ,
National Livestock Credit
Corporation
and KIS Futures for
their
support of our daily Farm News Update. For your
convenience, we have our sponsors' websites linked
here- just click on their name to jump to their
website- check their sites out and let these folks
know you appreciate the support of this daily
email, as their sponsorship helps us keep this
arriving in your inbox on a regular basis- FREE!
We
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!
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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