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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:
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:
Canola
Prices:
Cash price for canola was
$5.63 per bushel- based on delivery to the Burlington
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:
Feeder
Cattle Recap:
Slaughter
Cattle Recap:
TCFA
Feedlot Recap:
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Oklahoma's
Latest Farm and Ranch News
Presented
by
Your
Update from Ron Hays of RON
Wednesday, August 12,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
USDA
to Host Conference in Owasso, Oklahoma Supporting
Small Businesses in Rural
Areas
The
United States Department of
Agriculture (USDA), Office of Small and
Disadvantaged Business Utilization will host a
conference on Thursday, Aug. 13th
in Owasso, Oklahoma. This event will provide small
business owners located in rural areas with
opportunities to learn how to grow and support
their businesses by partnering with USDA, and
other Federal Agencies. The meeting supports
Secretary Vilsack's implementation of President
Obama's agenda to put Americans back to work and
create an economy built to
last. Conference attendees will have an
opportunity to participate in a full day of
workshops and panel discussions led by program and
small business procurement officials from USDA,
and other Federal agencies. Topics include
acquisition needs and opportunities, procurement
methods, business development resources and more.
In a continuing effort to increase small business
contracting participation, USDA will dedicate a
workshop to enhance the competitive posture of
small businesses and small farmer-owned
cooperatives in rural America. The
event will be held Thursday, August 13, 2015 from
8:30 a.m. to 4:00 p.m. at the Tulsa Technology
Center, Owasso Campus, 10800 North 140th East
Avenue, Owasso, Oklahoma 74055. There
is no conference fee. Pre-registration is
preferred. For further information, click here.
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and check out the latest
deals.
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Agri-Women
Helping Launch New, No-Cost, Customized Approach
to Farm Transition Planning
Ag
Transition Partners, a group of educators
and agricultural consultants, is launching a new,
no-cost farm transition planning project that
includes webinars, on-site or virtual coaching and
action plan templates. The project's multi-layer
approach sets it apart from other planning
processes, better helping farm families ensure the
legacy of their
operations. American
Agri-Women, the nation's largest
coalition of farm, ranch and agri-business women,
is supporting the project, along with Michigan and
Minnesota Agri-Women and Wisconsin Women for
Agriculture. This project is free for
participating farm families and is made possible
through a grant from North Central
Extension Risk Management Education
Center (NCERMEC) and the USDA
National Institute of Food and
Agriculture. According to
some studies, an estimated 70% of farms and
farmland will transition ownership in the next 20
years and fewer than 50% of farmers have estate
plans; less than 70% have named successors; and
less than 11% have farm business transition plans
in place. The consequences of a failure to plan
can be severe. Farmers can learn more
about the process by signing up for a webinar,
which will be held at noon Central time on August
18: Click here for details
on how to register for this webinar.
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Jim
Robb Says Calf and Yearling Prices to Remain
Strong, But Lower Than 2014
Slaughter
cattle prices have likely reached the bottom.
That's according to Livestock Marketing
Information Center (LMIC) Director
Jim Robb. In speaking at the
Southern Plains Beef Symposium in Ardmore on
Saturday, he also shared the industry is near the
bottom of the market for calf and yearling prices.
With increasing cattle supplies and corn prices
higher than last year, Robb said he is looking for
softer calf and yearling prices for the rest of
the year.
"We're not going to make the
very strong calf and yearling markets that we did
in the fourth quarter of 2014," Robb said. "We're
going to have the second highest calf market ever,
but it's certainly a softer market on a
year-to-year basis. Fed cattle prices will be down
year-to-year in the second half, still seasonally
stronger."
While fed cattle, calf and
yearling prices have been fairly volatile, Robb
looks for it good year for cow-calf producers and
a decent year for stockers, but it won't be a
great year like 2014. Overall, he said herd
rebuilding has been fairly modest and domestic
consumer demand remains good. In looking at the
outlook, he forecast more of an erosion of calf
and yearling prices over the next several years,
rather than a collapse. He said it's going to take
an outside market shock to slow the erosion of
prices.
I
caught up with Jim Robb at the Southern Plains
Beef Symposium held Saturday in Ardmore,
Oklahoma Click or tap here to
listen to this Beef Buzz feature.
We
also have our complete conversation with Jim
posted as a Ag Perspectives Podcast- you can
listen by clicking here.
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Planning
for Drought in Rain Promotes Future Success
The Noble Foundation's
Hugh Aljoe says that a concept
that has stuck with him since his college days
came from a range management professor at Texas
A&M- Dr. Wayne Hamilton.
"The time to plan for a drought is when it's
raining, and the time to plan for rain is during a
drought." I can truly appreciate these words of
wisdom more today than ever in my career having
the recent experiences of both drought (in 2011
and 2012) and surplus rain (flooding) in the
spring of 2015. This leads to the questions of
"Are we still in a drought or long-term dry
spell?" and "Should we be planning for drought or
rain?" The short answers to those questions are
"Yes," and "Both - drought long-term and good
moisture conditions
short-term."
"If you as
a producer living in the Southern Great Plains
take any stock into the climate and weather
predictions, you are aware of the El Nino/La Nina
phenomenon and its effect on our region. We are
currently experiencing an El Nino effect, which
means our region typically receives above-average
rainfall. Many producers in Oklahoma and Texas
received their expected yearly rainfall in two
months (May and June) this year. It has been a
very moist first half of the year, providing much
needed recovery of deep soil moisture and
pond/lake water. However, due to the excessive
rainfall amounts, many producers were not able to
benefit in forage production. Although there was
abundant rain in the spring, it did not equate to
surplus forage. The good news is El Nino
conditions are projected to remain with us through
the remainder of the year. There is still a lot of
the growing season left to provide recovery from
the drought years and build reserves headed into
the fall and winter.
Aljoe
has more on how to make the most of current
weather conditions that may allow pasture
recovery- click here to read all
of his comments on this subject.
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Herring
to Receive Feeding Quality Forum Honors in August
- Updated with Feature Video
James
Herring has witnessed much during 45
years in the cattle business, but he's been much
more than an observer. His leadership roles,
foresight and determination to create
relationships that benefit all stakeholders-from
rancher to consumer-make him a standout among his
peers. That's why Herring is being
honored with the Feeding Quality
Forum (FQF) 2015 Industry
Achievement Award. "He's
given a lot of his time to really make sure the
industry is moving in the direction it needs to
be," says Larry Corah, with the
Certified Angus Beef ® (CAB®) brand, noting terms
as president of the Texas Cattle Feeders
Association and of CattleFax. "James
is probably one of the most innovative people in
the industry when it comes to looking at economic
impacts and cattle feeding in different ways,"
Corah says, "like labor cost per head, for
example." The award will be presented
during the luncheon portion of the Forum, Aug. 18
in Omaha, Neb., and Aug. 20 in Garden City,
Kan. Click here to read
more about James Herring's contributions to the
cattle feeding business, including a video
featuring Herring's view on why the cattle
business has shifted from commodity to
quality.
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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.
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Thirteen
States Ask for Injunction to Prevent
Implementation of WOTUS August
28th
A
whole host of states have filed lawsuits against
the EPA and the Army Corps of Engineers over the
Clean Water Rule that is best known as the WOTUS
rule- the Waters of the US proposal that many in
the ag community consider to be a massive land
grab that goes far beyond the Clean Water Law that
has passed by Congress in the 1970s.
EPA
has asked for all of the lawsuits to be lumped
into one massive court case and considered by one
district court- that has been granted with
lawsuits saying both the EPA has gone too far with
WOTUS and lawsuits saying it has not gone far
enough to be looked at by the Federal District
Court based in Cincinnati.
However,
the Attorney General for North Dakota,
Wayne Stenehjem, is asking the
Federal Courts to rethink that move-as he says
that the various lawsuits have separate arguments
and deserve their own consideration.
At
the same time- led by North Dakota, the attorneys
general for eight states filed a motion on Monday
for a preliminary injunction in U.S. District
Court for District of North Dakota. They argued
that if the CWR takes effect as planned on Aug.
28, the revised definition of what constitutes
Waters of the United States (WOTUS) "will
irreparably harm the states' sovereign interests
and their state budgets during the pendency of
this litigation."
A
total of thirteen states are involved in this
case- including our neighboring states of
Arkansas, Missouri and New
Mexico.
Meanwhile-
Oklahoma Senator Jim Inhofe is
also bringing some Congressional indignation to
the party- writing the top dog at the Army Corps
about the Memos that were circulated within the
Army Corps over WOTUS and the concerns that the
political agenda at the EPA overwhelmed any
science based concerns raised by their federal
agency partner in this mess.
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This
N That - USDA Report Day and Big Iron
Wednesday
Later
this morning- USDA offers several reports for the
grain trade to chew on- releasing its
August round of Crop Production and World
Agricultural Supply and Demand Estimates (WASDE)
reports at 11 a.m. CDT.
Darin Newsom with
DTN starts with corn as he writes of the
upcoming data- "pre-report estimates for
2015 corn production came in at an average of
13.318 billion bushels, down from the July
estimate of 13.530 bb and well below May's
"initial" projection of 13.630 bb. National
average yield is expected to be trimmed from
July's 166.8 bushels per acre to 164.4 bpa. If
realized, this would be 1.4% below USDA's
trendline calculation of 166.8 bpa, in line with
the average lag of 1.6% the year following a
record yield."
Meanwhile-
Newsom believes that the grain trade and USDA may
not see eye to eye on soybean data- "The
most interesting numbers in soybeans may have
nothing to do with 2015 production. Pre-report
estimates for old-crop ending stocks came in at
247 mb, down from USDA's July figure of 255 mb,
but still well above DTN's projection of 165 mb
following the June 30 Quarterly Stocks report.
Given the strengthening inverse in the
August-to-November futures spread, as
merchandisers search for supplies to meet demand
at a point in the marketing year when leftover
cash bushels tend to make their way to terminal,
the market is implying a far tighter old-crop
supply-and-demand situation than USDA will
acknowledge in its August report. Keep in mind it
wasn't until the Sept. 30, 2104, release of
quarterly stocks numbers that USDA took 2013-2014
down to a more reasonable (according to spread
activity) 92 mb."
Click here to read his
full pre report commentary.
**********
It's
Wednesday- and that means the Big
Iron folks will be busy closing out this
week's auction items - all 494 items
consigned. Bidding will start at 10 AM
central
time.
Click Here for the complete
rundown of what is being sold on this no reserve
online sale this week.
If you'd like more information on buying and
selling with Big Iron, call District Manager
Mike Wolfe at 580-320-2718 and he
can give you the full scoop. You can also
reach Mike via email by clicking or tapping
here.
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Our thanks
to Midwest Farms Shows ,
P & K Equipment, American Farmers &
Ranchers,
KIS
Futures, CROPLAN by
Winfield, 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
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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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