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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 $6.10 per bushel- based on
delivery to Oklahoma City (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, February 24,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
Students
Use National FFA Week to Share Importance of
Agriculture, Role of Ag
Education
More
than a half-million students in all 50 states will
share the importance of agriculture in our daily
lives, spread their passion for agriculture and
host communitywide events to help others in need
this week.
It's National FFA
Week and a host of activities are planned
to raise awareness about the National FFA
Organization and the role it plays in the
development of the agriculture industry's future
leaders and the importance of agricultural
education.
The week-long tradition
started in 1948. Each year, National FFA Week runs
Saturday to Saturday, encompassing
President George Washington's
Feb. 22 birthday in recognition of Washington's
legacy as an agriculturist and
farmer.
FFA was founded by a group of
young farmers in 1928. Its mission is to prepare
future generations for the challenges of feeding a
growing population. Since the founding members the
organization has taught generations that
agriculture is more than planting and harvesting -
it involves science, business and much
more.
The FFA continues to help the
next generation rise up to meet new agricultural
challenges by helping members develop their own
unique talents and explore their interests in a
broad range of career pathways. Members prepare
for careers as biologists, chemists,
veterinarians, engineers and
entrepreneurs.
National FFA Week is
sponsored by Tractor Supply Co., National FFA Week
activities can be followed on Twitter at
#FFAweek. To read more about National FFA
week, click here.
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Sponsor
Spotlight
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
are 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.
We are proud to have KIS
Futures as a regular sponsor of our daily
email update. KIS Futures provides Oklahoma
farmers & ranchers with futures & options
hedging services in the livestock and grain
markets- click here for the free market
quote page they provide us for our website or call
them at 1-800-256-2555- and their iPhone App,
which provides all electronic futures quotes is
available at the App Store- click here for the KIS Futures
App for your iPhone.
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Eric
DeVuyst Sorts Through Farm Bill
Decisions
Farmers
have until Friday to update their yields and
reallocate their base acres and just over a month
to make their Farm Bill safety net program
decisions. Oklahoma State
University Ag Economist Eric
DeVuyst said farmers need to look at both
the Agricultural Risk Coverage
(ARC) and the Price Loss Coverage
(PLC) programs because there is no easy, clear cut
decision.
DeVuyst said the ARC-County
program will give farmers some yield and price
protection, but it is based on county level
revenues and it's a five year moving average. He
said that program drops out the high and the low
average over those five years to average the
remaining three years. DeVuyst
said if a farmers has successive years of low
prices and low yields that will lower the
benchmark and the maximum program payment. He said
consecutive years of drought will negatively
affect that benchmark.
PLC offers price
protection and the 2014 Farm Bill set the
reference prices. If a farmer has peanut base
acres, DeVuyst said you probably don't want to
reallocate those acres and choose to enroll in
PLC. He said the program offers an attractive
target price to the current market price for
peanuts. He said there is one negative aspect of
PLC. If the drought spreads more nationally, then
a producer could see poor yields with a high
marketing prices. DeVuyst said so farmers end up
with no safety net in that
case.
Landowners have until this
Friday to decide if they will reallocate their
base acres and to consider updating their
yields. To read or to listen to our
interview as we discuss these options, plus
what producers need to do before they go into
the FSA office, click here. |
Peel
Says U.S. Meat Markets Struggling
Dollars
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
newsletter.
A myriad of factors
are joining forces to create significant
challenges for beef, pork and poultry markets so
far in 2015. These include supply and demand
factors, domestic and international factors, and
short and long term factors. Many of the factors
are affecting all meat markets while others are
specific to individual
meats.
International demand for U.S.
meat is being dampened by the strong dollar, which
makes U.S. product more expensive in global
markets. This is particularly challenging for
beef, which is already high relatively to other
meats due to limited supplies. In the case of
pork, falling U.S. prices due to increased
production are offset to some extent in
international markets by the strong dollar. Meat
exports are being further disrupted by the backlog
at west coast ports. The inability to move
perishable product out of the ports has resulted
in reduced export demand and diversion of meat
back into domestic markets. Cold storage holdings
of red meat and poultry were up significantly in
January, partly as a result of the port slowdown.
Settlement of the labor dispute this past week
will improve conditions but it will take several
weeks for port operations to return to normal.
Simultaneous to reduced export flow of meat, a
series of severe winter storms has crippled
population centers in the eastern U.S. disrupting
normal meat shipments and reducing meat demand
domestically.
To
read more analysis from Dr. Peel on
the pork and poultry sectors, along with the
challenges for the beef industry, by clicking
here.
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The
Oklahoma Department of Agriculture, Food
and Forestry is already making
preparations for a revenue shortfall. Last week
the Board of Equalization approved revenues
available for Fiscal Year 2016 discretionary
appropriations of $6,601,534,037, which is $611.3
million, or 8.5 percent, less than was
appropriated for FY 2015, for the current fiscal
year ending June 30.
Jim
Reese, Secretary and Commissioner of
Agriculture said his department is ready to deal
with the situation as the state has already seen
several years similar to this one, such as 2010,
2011, and 2012 without any new revenue. He said
they will be more frugal and are planning for a
reduction of funds from the state for next year.
Reese said last year's budget will be
fully fulfilled, so funding will adequate for this
year, but he knows any money that can be saved
this year will help out the budget situation next
year. Reese said right now they are looking at a
five to ten percent cut potentially for Fiscal
Year 2016, which begins July 1,
2015.
With the start of
Governor Mary Fallin's second
term, Reese said the department has set four
strategic goals. Our webstory is available here where
you can read or to listen to my interview with
Reese about the budget woes and the goals of the
department.
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Dr.
Jeff Edwards Recommends Checking for First Hollow
Stem
It's
time for producers to check their wheat pasture
for first hollow stem. Oklahoma State University
Small Grains Extension Specialist
Dr. Jeff Edwards says first
hollow stem is the optimal time to remove cattle
from wheat pasture. The First Hollow Stem Advisor
on the Oklahoma Mesonet indicates that early wheat
varieties in southern Oklahoma are likely past
first hollow stem and that early varieties in
central Oklahoma will reach this point soon.
First hollow stem occurs just prior to
jointing and is the optimal time to remove cattle
from wheat pasture. First hollow stem usually
occurs in mid to late February in southern
Oklahoma and early March in northern Oklahoma.
Grazing past first hollow stem can reduce wheat
grain yield by as much as 5% per day and the added
cattle gains are not enough to offset the value of
the reduced wheat yield.
Similar to
previous years, OSU will monitor occurrence of
first hollow stem in their wheat plots at
Stillwater. There is also a new first hollow stem advisor
available on the Oklahoma Mesonet that can assist
in determining when to start
scouting.
Checking for first hollow
stem is fairly easy. To read more, click here.
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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 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.
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Superior
Livestock Hosting Video Auction in Oklahoma City
Friday
Superior
Video Livestock Auctions is taking their
show on the road this week to Oklahoma City. Their
next sale will be on Friday, February 27 at
Heritage Place. Auctioneer Charly
Cummings said it's a great venue and they
invite everyone to see the auction live and in
person.
Superior Auction has
29,500 head of dairy and beef cattle consigned.
The event will begin with Superior Sunrise at 7:30
with the auction beginning at 8 a.m. with 1,600
Holsteins and Jerseys, 11,000 feeder steers, 4,300
feeder heifers, 10,000 weaned calves and the
auction will finish up the 700 bred females, cows
and cow-calf pairs.
Cummings invites
cattle producers to see the auction first hand and
he how they serve their customers. He said he
knows everything happens pretty fast as it takes
about a minute and half to sell each lot. He finds
producers are shocked to watch and see how many
cattle are sold throughout the day. We
talked with Cummings about the upcoming sale and
the Heritage Place location on South MacArthur in
Oklahoma City- you can listen to our conversation
by clicking here.
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This
N That- Rising Beef Primal Cut Prices a Sign of
Spring???; Cotton Meeting in Central Oklahoma and
Get Ready for Our Tweets
The
latest Weekly Boxed Beef Trade report from
Ed Czerwein of the USDA Market
News office in Amarillo suggests a sign of spring
can be found in the latest beef prices- even as
most of Oklahoma lies under a white blanket of
snow.
Czerwein
says that beef rib and loin primal cuts were $2 to
$5 higher in this past week- and that "the big
item to watch in the upcoming months will be the
rib and loin primal cuts that usually see a good
increase as we approach the spring grilling season
and they are starting to make that move."
Ed's
complete report can be read or heard on our
website- and is available here.
**********
Kyle
Worthington is the new Ag Agent for OSU
Extension in Canadian County- and he dropped us a
last minute reminder about a meeting he has put
together for this week regarding cotton production
in Central Oklahoma. Kyle writes "
The Central Oklahoma Cotton Production
meeting is scheduled for Wednesday, February 25 at
the Canadian County Fairgrounds Education Building
in El Reno, Ok.
"Those
attending the luncheon need to RSVP by 12:00 noon
Tuesday, Feb. 24(TODAY!). The Luncheon
begins at 11:30 a.m. and the Cotton Production
meeting begins at 12:30 p.m. For more
information contact the Canadian County OSU
Extension Center.
**********
We
will be heading to warmer climes for the next
couple of days as we hit Phoenix for a couple of
events- first the annual Bayer Crop Science
Ag Issues Forum this afternoon
and tomorrow- and then we shift gears for the
2015 Commodity Classic- the joint
meeting/trade show for Grain Sorghum, Wheat, Corn
and Soybean producers.
We
will be having reports from these events- starting
tomorrow morning. But if you want to jump
start the flow of information that you can see
from these meetings- search for the following
hashtags from us and others on TWITTER-
For
the Ag Information Forum- we'll be using
#AIF15 and for Commodity Classic-
the preferred hashtag will be
#Classic15.
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Our thanks
to Midwest Farms Shows,
P
& K Equipment,
American Farmers &
Ranchers,
CROPLAN by
Winfield, KIS Futures,
Stillwater Milling Company, Pioneer Cellular, National Livestock Credit
Corporation and the Oklahoma Cattlemen's
Association 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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