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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.
Okla
Cash Grain:
Daily Oklahoma Cash Grain
Prices- as reported by the Oklahoma Dept. of
Agriculture.
Canola
Prices:
Cash price for canola was
$14.44 per bushel- based on delivery to Oklahoma City
yesterday. The full listing of cash canola bids at
country points in Oklahoma can now be found in the daily
Oklahoma Cash Grain report- linked
above.
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, June 30,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
Oklahoma
Wheat Harvest Now 83% Done- Corn and Soybean
Ratings Sliding in the Eastern
Cornbelt
The
2015 Oklahoma Hard Red Winter Wheat
harvest moves closer to a conclusion- but
the 83% harvested number released on Monday
afternoon by USDA is behind the 87% percent
complete one year ago and the five year average of
89%. It did show that one fourth of the total
expected acreage was harvested this past week- as
the state jumped from 58% complete a week ago to
83% as of Sunday. The 2015 Winter Canola Crop
Harvest is called by USDA at 89%- a smaller number
than was indicated by the Executive Director
Ron Sholar of the Great Plains
Canola Association in an interview that we did
with him this past Friday. Click here to take a
look at the complete Oklahoma Crop Progress
report.
Also
released on Monday afternoon was the latest
Oklahoma Wheat Commission Harvest Report- and it
sure feels like we are further along than at 83%
based on the Commission report showing large areas
of the state either complete with harvest or at
the 85 to 90% complete level. The report compiled
by Mike Schulte and his team is
available
here.
Meanwhile in Kansas, it was
truly harvest jumping into road gear with forty
percent of the expected crop was harvested over
the last week. Harvest progress in Kansas jumped
from 8% a week ago to 48% this week. The 48% was
ten percentage points ahead of the pace set in
2014, but twelve points behind the 60% completion
that is the five year average. For the complete
Kansas Crop Progress report- click here.
The Texas Wheat harvest was at a
slower pace with another 6% of the crop was
harvested over this past week- with the total
harvested number in Texas now at 70% done. That is
compared to the five year average of 78% and the
2014 number as of the end of June at 76%. To check
out the entire Crop Progress report for Texas- click here to jump
there.
Nationally-
the story is about the wet conditions and their
impact on the corn and soybean crops in the
midwest. The overall US Corn crop condition
rating slipped three points off of the good to
excellent ratings from one week ago.
In
the major corn producing state of Iowa, corn
remained at 83% good to excellent while Illinois
dropped to 62% from 70%.
"Rain
continues to plague northern and southern
Illinois, delaying the winter wheat harvest and
hay cutting," Illinois said. "This June will be
the wettest June on record dating back to
1895."
In
Indiana, corn dropped to 48% good/excellent from
58%. Soybeans in that state fell to 49% good to
excellent from 58%.
Ohio
also has had excess rain with corn there rated 42%
good/excellent, down from 61% a week ago, and
soybeans at 44% compared with 55% a week ago.
Click here for our
overview on wheat harvest and crop ratings- we
have the link to the complete USDA Crop Progress
numbers in that story,
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|
TPA
Signed Into Law by President Obama- Ag Groups
Cheer and Look Ahead to Finalization of
TPP
President
Barack Obama signed into law a trade
promotion bill that ensures new agreements can get
through Congress without risk of
amendment, but he warned that
"tough negotiations" were still ahead before the
pending Trans-Pacific Partnership is ready for
lawmakers to consider. At the brief
White House signing ceremony, the President did
not offer a timeline on when the TPP might be
concluded.
Several
Ag Groups were quick to praise Congress and the
Administration for getting the Fast Track
Authority in place. And they were all
looking ahead to seeing the US close the deal with
other countries involved with the TPP.
On
our website, we have reaction from the American Farm Bureau,
American Soybean
Association and the US Wheat
Associates/National Association of Wheat
Growers - click on the name of the group to
review their comments.
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NCBA
Calls Obama Administration Arrogant Over Decision
Allowing Fresh Beef From South America
On
Monday, the USDA APHIS released their final rules for
the Importation of Fresh Beef from Northern
Argentina and a Region in Brazil. With this step
by the Administration, these areas with a known
history of Foot-and-Mouth disease would be allowed
to begin the inspection process to import fresh
and frozen beef products into the United States.
The National Cattlemen's Beef Association stands
firmly opposed to this regulation, not on the
basis of trade but on the basis of animal health
concerns; no trade is worth jeopardizing our herd
health.
"The arrogance of this
administration in continuing to press forward with
rules that have a profound impact on industry,
without consulting those affected, is appalling,"
said NCBA President and Chugwater, Wyoming,
cattleman, Philip Ellis. "FMD is
a highly contagious and devastating disease, not
just for the cattle industry, but for all
cloven-hoofed animals and it can be introduced and
spread through the importation of both fresh and
frozen products. In 1929, our industry took
profound and personally devastating steps to
eradicate this disease and the United States has
been FMD free ever since. But the actions of this
administration for purely political gain threaten
the very viability of our entire industry and
threaten hundreds of thousands of American
cattle-producing families."
Click here to read
more of the NCBA release that is critical of
this decision that has been made by
USDA-APHIS.
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Thirteen
States Sue EPA and the Army Corps for Their Clean
Water Rule- WOTUS; NCBA Looking at Lawsuit as
Well
Thirteen
states filed suit Monday against the Environmental
Protection Agency and Army Corps of Engineers over
the EPA's Clean Water Rule, also called by many in
the ag community as Waters of the United States-
or WOTUS. The rule is set to take effect in latter
part of summer.
The lawsuit was filed in
federal court in North Dakota. In the lawsuit,
filed Monday, June 29, 2015, - the same day the
rule was published in the Federal Register - the
states contend the new definition of "Waters of
the United States" violates provisions of the
Clean Water Act, the National Environmental Policy
Act, and the United States Constitution. The suit
seeks to declare the rule unlawful and to prohibit
the agencies from implementing it.
The
thirteen states involved in this lawsuit against
Gina McCarty include North Dakota, Missouri,
Nebraska, South Dakota; also, Alaska, Arizona,
Arkansas, Colorado, Idaho, Montana, Nevada, New
Mexico and Wyoming. Click here for more
details as well as a chance to read their
lawsuit.
I
would suspect that the Oklahoma Attorney General
Scott Pruitt will have a similar lawsuit cooking
in the near future.
AND-
Colin Woodall with the NCBA says that the
organization does not hold out much hope when it
comes to Congress slowing down the EPA before it
goes final. He tells us in our latest Beef
Buzz that NCBA is working with other industry
groups (ag and otherwise) in preparing legal
action of their own- saying that the group does
not believe Gina McCarty's claims that ag won't
face new regulations from the Rule.
Click here for today's
Beef Buzz with Colin on the NCBA's plans to go
after EPA over WOTUS.
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Derrell
Peel Sees Tighter Beef Supplies and Higher Prices-
But Little Substitution Away from Beef to Pork or
Chicken
Extension
Livestock Market Economist Dr. Derrell
Peel writes in his Monday market analysis
that we post weekly on our website- available in full
here- that beef prices are higher and pork and
chicken retail prices are cheaper. "The All-Fresh
retail beef price was 2.2 cents higher than last
month at $6.059/lb., up 10.8 percent year over
year. Retail pork price in May was $3.696/lb.,
down 7.3 cents from April and 9.8 percent lower
than one year ago. The May broiler composite
retail price was $1.932/lb., down 6.6 cents from
last month and 0.7 percent lower than one year
ago."
The
thing that surprises Dr. Peel is that there seems
to be little substitution away from beef by
consumers. Peel says "there continues to be
surprise at the apparent lack of substitution
between beef and the other meats, in terms of
retail prices. Retail price ratios in May pushed
to higher record levels for beef relative to pork
and broilers. May retail beef prices were 3.14
times retail broiler prices, a new record
beef-broiler retail price ratio and the sixth
consecutive month with a ratio at 3 or higher. The
beef to pork retail price ratio advanced to 1.64
in May, a new record level and the sixth
consecutive month with a ratio of 1.5 or
higher."
Peel
also talks about what he sees in last Friday's
Hogs and Pigs report- click on the link in the
first paragraph and you can read all that Dr. Peel
has to say.
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Signup
Begins Wednesday for the Dairy Margin Protection
Program at Your Local FSA Office
USDA
's Number Two- Krysta Harden-
announced on Monday that starting July 1, 2015,
dairy farmers can enroll in the U.S. Department of
Agriculture's (USDA) Margin Protection Program for
coverage in 2016. The voluntary program,
established by the 2014 Farm Bill, provides
financial assistance to participating dairy
operations when the margin - the difference
between the price of milk and feed costs - falls
below the coverage level selected by the
farmer.
"More
than half of our nation's dairy producers enrolled
in the 2015 program, which exceeded our
expectations for the first year of the program,"
said Harden. "We are confident that dairy farmers
across the country will again take advantage of
this safety net program for 2016. USDA will
continue outreach efforts, including partnering
with cooperative extension services, to ensure
dairy producers are fully informed about the
protections that this safety net program can
provide during periods of market downturns."
Read
more by clicking here.
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CEO
Forrest Roberts Leaving National Cattlemen's Beef
Association- Effective July 31
Forrest
Roberts has announced his resignation as
the Chief Executive Officer of the National
Cattlemen's Beef Association (NCBA), effective
July 31. Roberts has been the CEO of NCBA since
2009.
Roberts is leaving NCBA to pursue
other opportunities in the cattle industry and
agribusiness. He will remain with NCBA until the
end of July to help NCBA with transition of staff
leadership, including his roles in several
industry related organizations.
NCBA
Chief Operating Officer Kendal Frazier has
been named interim CEO to manage the
day-to-day operations, including NCBA staff, until
a new CEO is identified. NCBA President Phlip
Ellis says that "Frazier has more than 30
years of experience working in the different areas
of NCBA. I know he will do a good job of guiding
the organization during the transition
period."
Ellis said the NCBA officers
will work with the NCBA Executive Committee to
develop a process to search for and identify a new
CEO.
Earlier
this year- we sat down and did a "State of the
Cattle Industry" interview with Roberts. You can
hear that conversation between Hays and Roberts
by clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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Farm Bureau is Proud to be the Presenting Sponsor
of the Ron Hays Daily Farm and Ranch News
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