From: Ron Hays [] on behalf of Ron Hays []
Sent: Thursday, July 30, 2015 6:20 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update

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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 Futuresclick 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 $5.60 per bushel- based on delivery to the Weatherford 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.


Oklahoma's Latest Farm and Ranch News

Presented by

Okla Farm Bureau  
Your Update from Ron Hays of RON
   Thursday, July 30, 2015
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
Featured Story:
GlobalDerivativesHouse Ag Committee Assesses Progress of Global Derivatives Reforms, Conaway Opposes Increased Funding to CFTC


The House Agriculture Committee Wednesday held a hearing to assess the progress of global derivatives reforms since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law five years ago. Dodd-Frank imposed sweeping new regulations over the financial industry, including the regulation of swaps under Title VII, which had previously not been regulated in the U.S.

After the 2008 financial crisis, leaders from 19 of the world's largest economies and the European Union (the G-20) formulated a global plan to prevent a similar crisis from reoccurring. They set out five categories of reforms for derivatives products- clearing, margining, electronic execution, data reporting, and capital standards - to make the markets safer. Title VII of Dodd-Frank was the U.S. effort to implement those reforms.

Since the law's passage five years ago, Members of the Agriculture Committee have repeatedly heard testimony from market participants supportive of the goals of Title VII, but deeply frustrated with the implementation. Today's hearing examined the progress regulators are making in achieving the G-20's goals. Witnesses highlighted the still unresolved impasse over clearinghouse recognition, trade execution requirements that are fragmenting liquidity, reported data that is incomprehensible to regulators, and the U.S. margin and capital rules that are significantly different than international standards.

"The testimony we heard today confirms the committee's concerns over the lack of coordination and harmonization that jeopardizes the implementation of reforms to global swaps markets. Five years have passed since President Obama signed into law the derivatives reforms the G-20 leaders promised to enact. Despite 50 rulemakings by the CFTC, so far, these reforms have not lived up to their promises, and there is a lot of work to be done. Each failure to harmonize rules drives a regulatory wedge between the United States and our global trading partners, needlessly complicating financial markets and weakening the derivatives reforms the G-20 sought to achieve," said Chairman K. Michael Conaway, Chairman of the Agriculture Committee. 



Chairman Conaway said in his opening statement he opposes any increase in funding for the CFTC until it is reauthorized.  Click here to read more from Chairman Conaway.


Sponsor Spotlight



Oklahoma Farm Report is happy to have WinField and its CROPLAN® seed brand as a sponsor of the daily email. When making seed decisions, CROPLAN® by WinField combines high performing seed genetics with local, field-tested Answer Plot® results to provide farmers with localized management strategies. WinField's Answer Plot® locations across the Southern Plains region give farmers the ability to see realistic crop scenarios in action, from seed placement and rotation strategies to nutrient applications and crop protection. Recent trials underscore the key role CROPLAN® canola can play in the management of wheat behind a rotation. Canola's economical properties create lasting benefit for wheat and promote higher yield potential and better quality. Talk to one of our agronomists or visit our website for more information about CROPLAN® seed. 





We are also pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members. Click here to go to their AFR website  to learn more about their efforts to serve rural America!




MeganRolfOSU Research Project Progresses in Examining Water Intake in Cattle


Oklahoma State University is part of a million dollar research project that is looking at new ways for agriculture to adapt to climate variability. This project is specifically looking at water efficiency in cattle. The research project is being funded through the US Department of Agriculture's National Institute of Food and Agriculture. OSU Assistant Professor Dr. Megan Rolf serves as the Principal Investigator for the project.

I caught up with Dr. Rolf at the recent Oklahoma Cattlemen's Association annual convention about second year of the research effort. She said the project is allowing researchers to learn about water use by cattle and the amount of variation of water use from one animal to another.

"So that's one of the unique things about the study, is that instead of using pen data on animals, we can actually dial down to individual animals and understand whether there are big differences in water intake in animals that are performing very similarly in terms of feed intake, or average daily gain, carcass traits, things of that nature," Rolf said.

Dr. Megan Rolf visited with us on our Beef Buzz report- and you can hear her comments on this research and extension project by clicking or tapping here.    


RuralOpportunityUSDA Announces Private Sector Investments through U.S. Rural Infrastructure Opportunity Fund


U.S. Agriculture Secretary Tom Vilsack Tuesday announced the first round of investments in rural infrastructure projects through the U.S. Rural Infrastructure Opportunity Fund. Through the Fund and its expanded public-private partnerships, USDA has facilitated the investment of nearly $161 million in private capital 22 critical water and community facilities projects in 14 states, maximizing the impact of USDA's own investments in job-creating rural infrastructure projects across the country.

"The Fund and USDA's other public-private partnership efforts help to facilitate private investment in rural businesses and infrastructure projects and maximize USDA's own record investments in rural America," said Tom Vilsack, U.S. Department of Agriculture Secretary and Chair of the White House Rural Council. "USDA and other agencies invest in infrastructure through a variety of federal initiatives, but our resources are finite and there are backlogs of projects in many parts of the economy. Efforts like the Fund help encourage substantial private investment in even more projects that help to grow the rural economy and support rural communities where people want to live, work and raise their families."

Strong, secure infrastructure-roads and bridges, but also internet access and community facilities like hospitals and schools-improves connectivity and access to information, moves products to market, and makes communities competitive and attractive to new businesses and investments. 



Click here to read more about the community facilities projects, water systems and other critical infrastructure projects. 


BeeHearingOklahoma Department of Agriculture Invites Comments for Pollinator Plan


The Oklahoma Department of Agriculture, Food and Forestry will host a public hearing to gather comments on its proposed pollinator plan. The meeting will take place on Tuesday, August 11, 2015 from 1 p.m. - 3 p.m. in the auditorium at Langston University's campus in Oklahoma City located at 4205 N. Lincoln Blvd., Oklahoma City, OK 73105.

A draft pollinator plan for participants to comment on is posted on the website. There will be a panel of four speakers including an Oklahoma State University entomologist, a commercial beekeeper from Oklahoma, a backyard beekeeper from Oklahoma and a representative from a national chemical company.

Following the panel's presentations, there will be time for comments from the public on the draft pollinator plan drawn up by Dr. Don Molnar for ODAFF. The Oklahoma State Board of Agriculture will adopt a pollinator plan at a later date.

Pollinators are essential to agriculture in Oklahoma. They are responsible for the success of many of the state's crops like canola, sesame and watermelons. Native pollinators are also necessary for many native plants like redbud, Oklahoma's state tree, and Chickasaw plum.

GebhartOklahoma Cattlemen Honor Late Richard Gebhart as Hall of Fame Inductee


The late Richard Gebhart was inducted into the Oklahoma Cattlemen's Association Hall of Fame during the recent Oklahoma Cattlemen's Association (OCA) Convention and Trade Show.

Richard Gebhart passed away on May 31. At the time of his passing, he was serving as OCA president and would have finished his term on July 25, 2015.

Richard is the third inductee into the OCA Hall of Fame and will always be remembered as an exemplary leader in the beef industry.

Richard and his family operated Beacon Hill Ranch, a Hereford operation established in northeastern Oklahoma in 1909. He was an active volunteer leader in the cattle industry for many years at all levels. Nationally, he was treasurer of the National Cattlemen's Beef Association and had served as chairman of the Federation of State Beef Councils and vice chair of the Joint Issues Management Subcommittee. He also served as an advisor on several sustainability efforts involving the beef supply chain, and participated in writing a comprehensive Life Cycle Assessment of the U.S. beef supply chain.

"He was an outstanding leader with an unparalleled vision and commitment for moving our cattle industry forward," said newly elected OCA President, Charlie Swanson.  


Click here to read more about Richard Gebhart's involvement in the beef industry and to learn about the Gebhart Legacy Fund 


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.


SmallProducersSmaller Cattle Operations Should Invest in Planning Now to Increase Profit Later


The average beef cow herd may only be 40 head according to U.S. Department of Agriculture, but those with small herds can add value by working together. Tom Brink, Top Dollar Angus, gives some suggestions for smaller cattle operations to find their path to profit.

"..if you're a smaller producer and maybe you can only come up with 30,000 pounds of steers to put on a load or to contribute toward a load--and of course a standard load semi load is 50,000 pounds--the thing to do is to find somebody in the, in the vicinity, in the same county, in the same general area that you are that has similar genetics, similar cattle, similar weights and to work with them to put together a load," Brink said. And it's really not that hard to do. It just takes a little bit of cooperation and a little bit of planning ahead if you know some people in your area that have similar genetics, they don't have to be identical."

Brink recommends limiting weight variation to 250 pounds from the lightest to the heaviest, and consider that range when pooling animals together. But marketing is only part of the path to higher profits-that path begins with focused planning.  Click here to read more recommendations from Tom Brink on what producer's should be investing in.  


ThisNThatThis N That- Grassley Wants Probe of JBS- Cargill Deal and End of the Month Rain in the Mix



Senator Chuck Grassley of Iowa sent a letter earlier this week to the Department of Justice pressing the Antitrust Division to review JBS USA's proposed acquisition of Cargill Inc.'s pork unit.

Grassley expressed concern that the merger will increase concentration and decrease competition in the U.S. pork industry.
"If the JBS-Cargill deal is finalized, the four largest pork processors will control roughly 71 percent of the processing capacity in the country.  Continued mergers and acquisitions in an already consolidated pork industry could reduce competition.  And, reduced marketing opportunities for farmers and independent producers, and the subsequent impact it could have on pork prices for consumers is of great concern," said Grassley.  


If the JBS-Cargill deal is consumated, it will also mean that JBS will become more vertically integrated in the pork industry in the US.  The Cargill pork unit includes several sow units- including one in eastern Oklahoma between Poteau and Ft. Smith, Arkansas, as well as the old Premium Standard Sow Farms in the Dalhart, Texas area. Cargill had acquired the Dalhart operations of Premium Standard Farms LLC in the spring of 2011.


To read more-and to have a chance to review the full Grassley Letter to Justice- click or tap here.




Some folks like to call this the Monsoon season for the Oklahoma/Texas Panhandle and west into New Mexico- and the next seven days will certainly point to the validity of that concept.  The "QPF" forecast map for rainfall across the US for the next seven days shows a TON of rain in the northern Gulf of Mexico with a lot of rain from New Orleans along the Gulf Coast down to Sarasota, Florida.  It also shows rain across New Mexico stretching into the Panhandles and even some into the western body of our great state.   


The Dalhart, Texas area shows a rainfall amount of more than three inches is possible-  


Here's the Map- courtesy of DTN's Bryce Anderson who posted it on Twitter this morning:




Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, KIS Futures, Stillwater Milling Company , CROPLAN by Winfield, 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  



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