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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 
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                        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 
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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.
 
 |  
                          
                          
                            | 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.
       
 
 |  
                          
                          
                            |  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.
 |  
                          
                          
                            |   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.
     |  
                          
                          
                            |  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.
   |  
                          
                          
                            | 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.   |  
                          
                          
                            |  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.
   |  
                          
                          
                            |  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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                              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 
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                              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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