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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
the Hillsdale elevator 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
Friday, July 24,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
House
Passes H.R. 1599, the Safe and Accurate Food
Labeling Act
The
House of Representatives Thursday
voted in favor of H.R. 1599, the Safe and
Accurate Food Labeling Act of 2015. The
legislation, which passed by a vote of 275-150,
establishes an effective and efficient voluntary
labeling system for non-genetically engineered
foods. This nationwide standard prevents a
patchwork of conflicting state or local labeling
laws that threaten to interfere with interstate
commerce. Congressman Mike
Conaway, Chairman of the House
Agriculture Committee, issued the following
statement after the vote.
"Advances
in technology have allowed the U.S. to enjoy the
safest, highest quality, most abundant, diverse
and affordable supply of food and fiber mankind
has ever known. With the world's population
expected to reach 10 billion by 2050,
biotechnology is an essential tool for our farmers
to meet this demand in an environmentally sound,
sustainable, and affordable way. Unfortunately,
proposed Federal and State laws threaten this
innovation by generating a patchwork of differing
labeling requirements, which will result in
inconsistent and confusing information for
consumers and interfere with interstate commerce.
H.R. 1599 establishes a voluntary nation-wide
marketing program that gives consumers access to
consistent, reliable information while protecting
advancements in food production technology and
innovation," said Chairman Conaway.
"Federal
policy on food labeling must remain grounded in
science and I believe this legislation is a step
forward in the direction of innovation, safety and
affordable food. H.R. 1599 establishes national
uniformity in food labeling because the journey
from the farm to your dinner table should be
transparent." said Congressman Frank
Lucas. (His full statement is available
here.)
On
our website, we have reaction from the following
groups: American Farm Bureau,
American Soybean
Association,
National Council of Farmer
Cooperatives,
National Association of
Wheat Growers,
National Corn Growers
Association,
Biotechnology Industry
Organization
You
can click on the name of the group to review their
comments.
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Sponsor
Spotlight
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 happy 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.
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COOL
is Hot- and the US Senate is the Hot Spot to
Watch
Cool
is one of THE Hot Topics inside the
Washington beltway and beyond DC as well. Several
developments are in the midst of being played out
in the COOL Repeal drama, with the focus on the US
Senate.
First of all, there are several
Democratic Senators who have been big mandatory
COOL fans who have come together- led by former
Senate Ag Committee Chair Debbie
Stabenow- and have offered a repeal of
Mandatory COOL coupled with a mandated Voluntary
version of the program. There are three reactions.
First, you have groups like the US Cattlemen and
the National Farmers Union who love it and say it
should be acceptable to Canada and Mexico. Then
you have groups like the National Pork Producers
and the National Cattlemen's Beef Association who
see anything less than a clean COOL Repeal as
being unacceptable, which is the stance that
apparently Canada and Mexico have taken. That
means that the Stabenow plan won't pass muster
with our neighbors to either the north or the
south. The third reaction belongs to R-Calf- not
liking either the Stabenow proposal or the Pat
Roberts plan for a clean repeal.
That
Senator Roberts plan has been added as an
amendment to the Transportation Reauthorization-
which a lot of people see as a must pass piece of
legislation for 2015. The Roberts proposal
is cheered by NCBA, NPPC and others.
We
talked COOL on Thursday afternoon with
Kristina Butts of the Washington
office of the National Cattlemen's Association who
is in Midwest City today for the Oklahoma
Cattlemen's Association convention- you can read
more about the push to get a COOL repeal- and hear
her comments by clicking here.
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It's
an exciting time for the Oklahoma State
University Animal Science Department,
with enthusiasm from students and a vision to stay
relevant to the state's livestock producers.
Enrollment continues to grow in the university's
largest department within the Division of
Agriculture and Natural Resources and remains to
be one of the largest departments on campus. OSU
Animal Science Department Head Dr. Clint
Rusk is expecting a large incoming class
to start this fall with more than 230
freshmen and 88 transfer students already accepted
for the upcoming semester. The
largest option within the department is the
Pre-Vet option for students wanting to become
veterinarians. Rusk said 82 percent of the
incoming freshman in the Animal Science Department
have enrolled in the pre-vet option. The
department has had a very good track record in
preparing students for veterinary school. The OSU
Veterinary Department accepts 80 to 90 students
annually and 30 to 40 of those have been OSU
Animal Science graduates.
OSU's Animal
Science department continues to add faculty and
researchers to address the major challenges facing
animal agriculture. Rusk said their department has
hired specialists to address sustainability, food
safety, forages and animal welfare. He said the
Oklahoma Beef Council provided support for OSU's
endowed professorship in honor of animal scientist
and autistic expert Temple
Grandin.
Researchers are looking at
global issues, like water usage. OSU has received
a million dollar grant for a five year study
looking at water intake of cattle. Rusk said Dr.
Megan Rolf is the Primary Investigator on the
project. At the Willard Sparks Beef Cattle
Research Center, she has been measuring individual
feed and water intake and how different genetic
lines effect water intake. With Rolf's role in
research and extension, Rusk said she will be
sharing the results of the study and hopefully
this will benefit the bottom-line of producers.
I
also talked with Rusk about recruiting and the
future of OSU's Animal Science Department.
Click here to listen
to our full conversation.
Tomorrow
morning on KWTV NEWS9's Saturday AM news block,
Dr. Rusk joins me for our weekly In the Field
segment at approximately 6:40 AM. We invite
you to tune in.
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Growing
Beef, Pork and Poultry Supplies Putting Pressure
on Prices, Says CattleFax
Analyst
Cattle
producers gathering at the Summer Cattle
Industry Conference last week in Denver
were reminded about how strong the cattle market
has been. One of the featured speakers was
CattleFax Senior Analyst
Kevin Good. After his presentation, he
was interviewed by farm broadcast colleague Ken
Rahjes about how good it's been and how good
prices will continue to be for a while longer.
Good said producers have seen some great years in
terms of price and profitability in 2014 and now
drought recovery with the exception of the west
coast. He said producers have the best moisture
conditions in 20 years, the highest calf values on
record and herd expansion has started to take
place. He predicts the cowherd could be 1.3
million head bigger by the start of
2016.
That's good news, but in looking
longer term that means more beef production in the
coming years and American consumers will need to
consume more of that product. Good said the big
unknown is the price level at which the consumer
will eat more beef.
One of the
challenges of aggressive herd rebuilding is
tighter beef supplies. Beef also has increased
competition from pork and poultry. Good said pork
and poultry supplies this year are up five to six
percent and he looks for both sectors to increase
production in 2016. So far that's hasn't effected
beef, but that's changing. Good said this summer
there has been less featuring of beef and more
featuring for the other meat products. In looking
at beef demand for June and July, he said demand
is falling below 2014 levels, just like cattle and
beef prices.
Good
was our guest on Beef Buzz- and you can hear more
of his comments by clicking or tapping
here.
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New
Pipeline Infrastructure Key to Relieving Pressure
on Freight Rail
Expanding
America's pipeline infrastructure would relieve
the nation's overburdened freight rail network and
improve service for farmers nationwide, according
to a new study from the American Farm
Bureau Federation.
The booming
energy business in the Upper Midwest spiked rail
congestion and freight costs for farmers in the
region and cut their profits by $570 million
during the 2014 harvest. The AFBF study found that
the average North Dakota corn farmer may have
received $10,000 less than the traditional market
rate for the crop. Increasing U.S. pipeline
capacity - particularly in the Bakken region - is
a prime solution for adding freight system
capacity overall and relieving rail congestion,
according to AFBF.
"American farmers
depend upon rail freight to move their products to
market. The surge in rail transportation of crude
oil has affected that ability and timing in recent
years," AFBF Chief Economist Bob Young said.
"Construction of new pipelines would certainly be
a more effective way to move that product to
market. It would take crude oil off the rails and,
in doing so, improve the overall efficiency of the
transportation system. Improved pipeline
infrastructure will also help enhance American
energy security for everyone."
Study
author Elaine Kub said farmers
face challenges in getting their goods to market
that others do not. Click here to read
more about this study.
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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.
|
Domestic
and Global Factors Cause Big Price Moves in Wheat
Market, Anderson Says
Wheat
prices have been on a wild roller coaster ride
this spring and summer. The market has seen big
swings of fifty cents or more in every two to
three week period since April. On this weekend's
edition of SUNUP, Oklahoma State
University Grain Marketing Specialist
Kim Anderson addresses the Kansas
City wheat futures prices. Over the last two to
three weeks, the September KC wheat contract has
fallen sharply. Anderson said that contract has
been trading from $4.95 to $6.11. He said right
now the contract price has support at $5.06. If it
breaks that level, he said the next target is
$4.95, but if it breaks that level it could move
into no man's land and the next target would
likely be at $4.55. If wheat prices can move
higher, he said there is resistance at $5.34 and
$5.60.
The volatility of the market is
being caused by several factors. Anderson said
there is the political and financial volatility
with Greece. As financial markets adjust, he said
that forces the funds to pull money in and out of
the commodities market. The strength of the U.S.
dollar also isn't helping the situation. He said
the value of the dollar is up around 97 points,
which is relatively high. Plus, there are the
fundamentals or supply and demand situation of the
wheat market.
"We've got a pretty big
carry over, we've got an adequate amount of wheat,
we're probably going to have a surplus of wheat
according to expectations, then you take the
financial situation, the supply and demand
situation, you've got the funds - billions of
dollars moving in and out of the market and that
gets you big price moves," Anderson said.
With so many factors influencing the
market, Anderson said no one can predict where
wheat prices will go. He recommends producers
spread out their marketing of the crop by using
the "dollar cost averaging" strategy in selling a
little bit of the crop at a time.
SUNUP
host Lyndall Stout interviews Kim Anderson.
Click here to read
more or to listen to the full
interview. You can also find the lineup for
this weekend's edition of
SUNUP.
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State
Question 777 is Front and Center at OCA
Convention- and We Have Your Final Ballot Language
to Study
We
have been asked to moderate a panel this
afternoon at the 63rd Annual Convention of the
Oklahoma Cattlemen's Association on State Question
777- I think it will be very informative about how
we have gotten to where we are with this "Right to
Farm" ballot initiative- and how agricultural
interests need to come together to get a "Yes"
vote next November.
Ahead
of our conversation this afternoon- we have
obtained from the Attorney General Scott
Pruitt's office the final ballot language
that will be seen next fall by voters- here's what
voters will be reading and saying yes or no to
next fall:
"Ballot
Title for State Question No. 777
"This
measure adds Section 38 to Article II of the
Oklahoma Constitution.
"The
new Section creates state constitutional rights.
It creates the following guaranteed rights to
engage in farming and ranching:
"The
right to make use of agricultural technology.
"The
right to make use of livestock procedures.
"
The right to make use of ranching practices.
"These
constitutional rights receive extra protection
under this measure that not all constitutional
rights receive. This extra protection is a limit
on lawmakers' ability to interfere with the
exercise of these rights. Under this extra
protection, no law can interfere with these
rights, unless the law is justified by a
compelling state interest- a clearly identified
state interest of the highest order.
Additionally, the law must be necessary to serve
that compelling state interest.
"The
measure- and the protections identified above- do
not apply to and do not impact state laws related
to:
"Trespass,
"Eminent
Domain,
"Dominance
of mineral interests.
"Easements,
"Right
of way or other property rights, and
"Any
state statues and political subdivision ordinances
enacted before December 31, 2014.
"Shall
the proposal be approved?
"For
the proposal- YES
"Against
the Proposal- No."
This
is the language developed by Attorney General
Scott Pruitt that has been certified to be placed
on the ballot in November 2016.
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to Midwest Farms Shows ,
P & K Equipment, American Farmers &
Ranchers,
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Corporation and the Oklahoma Cattlemen's
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