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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 $5.45 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:
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
Tuesday, August 18,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
The
nation's sorghum crop continues to show
improvement, soybeans are holding steady, while
corn and cotton conditions fell over last week's
report. That's according to the latest crop progress
report released Monday by the U.S.
Department of Agriculture.The
nation's sorghum crop continues
to look much better than last year's crop. USDA
has 68 percent of the crop in good to excellent
condition. That's up one point from last week and
nine points better than last year's crop this
week. Maturity was running eight points ahead of
the five year average with 83 percent of the crop
headed. The nation's cotton
crop lost one point from the excellent
category over last week. In the 15 main cotton
producing states, USDA reported 55 percent of the
crop rated in good to excellent condition. That's
five points higher than the 2014 crop this week.
USDA reported 73 percent of the crop was setting
bolls, behind the five-year average of
88. The corn and soybean numbers showed
little change in the latest week- and so taking
center stage for those commodities is this week's
ProFarmer Midwest Crop Tour- which is really all
about corn and soybeans in a limited number of
important production states. They
start with a couple of fringe states- South Dakota
and Ohio- South Dakota looks as promising as what
USDA predicted last week in the August Crop
Production Report- but Ohio in the east saw
disappointing numbers for both the corn and
soybean crops. Click here for some of the
comments offered by scouts on both the eastern and
western legs of the tour. In addition, we
have posted on our website in our Ag Perspectives
Podcast an audio conversation with Chip Flory that
fellow farm broadcaster Jesse Harding conducted
last night after the first day of touring. Click here to go and take
a listen to Chip's review of the
day. ONE MORE NOTE-
please check out our special look at the Pasture
and Range ratings in the latest CROP Progress
report- it is further down in today's
email!!!! |
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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
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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.
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Southern
Plains Corn Condition Varies, Texas Sorghum and
Corn Harvest Nears Halfway
Mark
Oklahoma's
corn crop showed some improvement in condition,
but maturity continues to lag. The U.S.
Department of Agriculture Monday reported
the state's corn crop rated 64 percent good to
excellent condition, up one point from last week.
Sixty-three percent of corn reached the dough
stage, down 13 points from the previous year and
down 24 points from normal. Soybeans rated 55
percent good to excellent, down one point from
last week. The state's cotton crop rated 77
percent good to excellent, unchanged from last
week. Cotton setting bolls reached 68 percent,
unchanged from average. Sorghum rated 79 percent
good to excellent, unchanged from last week.
Sorghum headed reached 77 percent with coloring
reaching 32 percent. The peanut crop rated 83
percent good to excellent. Pasture and range
conditions rated 79 percent good to fair. Click here for the full
Oklahoma report. The corn and
sorghum harvest in Texas was
progressing with high temperatures and dry
conditions. USDA reports 39 percent of the sorghum
crop has been harvested. That remains behind last
year's 52 and five-year average of 50. Corn
harvest progressed to 40 percent complete. That's
ahead of last year and in line with average. USDA
reports 56 percent of the state's corn crop was in
good to excellent condition. The state's soybean
crop dropped five points since last week with 40
percent of the crop in good to excellent
condition. Cotton rated 46 percent good to
excellent, down two points from last week. Pasture
and range conditions are deteriorating rapidly
with 35 percent in good to excellent condition.
That's down seven points from last week and down
17 points in the past two weeks. Click here for the full Texas
report. The Kansas
soybean and cotton crop showed improvement since
last week. In the latest crop progress report, the
Kansas corn crop rated 58 percent good to
excellent, down one point from last week. Dough
was at 77 percent, equal to last year and near the
five-year average. The state's soybean crop rated
55 percent good to excellent, up three points from
last week. Blooming was at 86 percent and setting
pods was at 61 percent. Sorghum rated 68 percent
good to excellent, unchanged from last week.
Sorghum headed reached 78 percent. Cotton rated 63
percent good to excellent, up one point from last
week. Squaring was at 89 percent and setting bolls
was at 52 percent. Pasture and range conditions
rated 61 percent good to excellent. Click here for the full
Kansas report.
|
When
U.S. crop production numbers come in higher or
lower than expectations that often brings
criticism by farmers and traders on how the U.S.
Department of Agriculture came up with those
estimates. There are a lot of calculations and
considerations that goes on that the public never
sees- but last week, Tom
Leffler of Leffler Commodities was one of
the nine Kansas Farm Bureau members that went to
Washington to see how USDA calculates crop yields
and the process in releasing monthly crop
production estimates.
The
whole learning experience began in a corn and
soybean field outside of Kansas City. There the
group met with National Agricultural Statistics
Service officials and field enumerators, where
Leffler said they saw the crop sampling process.
This allowed the group of farmers to see how the
goal of the sampling was not to estimate the yield
potential of that individual field, county or
state, but rather to collect a sample or data
point for the whole U.S. crop. Out of all of the
corn in the US, Leffler said less than
five acres was used to determine yield potential
of the nation's crop and for soybeans it amounts
to less than one acre."It
seems very hard to understand how they come up
with yield like that, but that gives them the big
picture of the whole United States," Leffler said.
Next, the delegation traveled to
Washington D.C. to participate in the lockup for
the monthly grain production report that came out
on Wednesday, August 12th. Upon
arriving at USDA, their credentials and photo
identification were checked and verified.
Participants also had to hand over their cell
phones and other electronic devices. Leffler said
they experienced firsthand the tightness of
security, multiple times. Radio Oklahoma
Network's Leslie Smith interviewed Leffler about
the whole process. Click or tap here to
listen to the full interview.
|
OSU's
Derrell Peel Offers Fall 2015 Cow-Calf Price
Outlook
Mondays,
Dr. Derrell Peel, Oklahoma State
University Extension Livestock Marketing
Specialist, offers his economic analysis of the
beef cattle industry- both the livestock sector as
well as the wholesale and retail beef trade. This
analysis is a part of the weekly series known as
the "Cow Calf Corner" published electronically by
Dr. Peel and Dr. Glenn Selk. In
this week's analysis- Peel talks current feeder
cattle and calf prices and what we may see
develop, price wise, this fall. "Feeder
cattle prices have bounced off the recent summer
lows. For the week ending August 14, 2015, the
Oklahoma seven-market average price of 450-500
pound, Medium/Large, number one steers was
$283.81/cwt., up from recent summer lows and
$7-$8/cwt higher than this time last year. The
price of 500-550 pound steers is currently
$259.26/cwt., also up the past two weeks but
roughly $4/cwt lower than one year ago. For
550-600 pound steers, the current price is
$244.08/cwt., about $7/cwt. lower than last year.
"We are at the point where prices this
year, which have been above year ago levels so
far, will cross and likely be below year ago
levels for the remainder of the
year. "Last year, 400-500 pound steer
prices increased 12 percent from August to
November and, in fact, these calf prices have
averaged a 9 percent price increase from August to
November for the last five years. The 10-15 year
average is an increase of 3 percent from August to
November. However, the larger 2014 calf crop,
indicated by the 1.8 percent increase in July
estimated feeder supplies, means that more price
pressure will build over the next two to four
years. "Given continued strong heifer
retention, it's not clear how much of that
pressure hits this fall. During herd expansion it
is typical to see Oklahoma 400-500 pound steer
prices drop by roughly 3 percent from August to
November. I expect the most likely price range for
400-500 pound steers in November is 97 to 103
percent of current prices. There is probably a
better chance of being in the lower part of that
range." Click here to read
more of today's analysis on fall prices from Dr.
Peel. |
Cameron
Bruett of JBS Challenges Food Activists by
Standing Up for Food Choices
Animal
agriculture has made remarkable progress in
producing more protein with less resources.
Cameron Bruett is the head of
Corporate Affairs for JBS-USA,
one of the major meat processors in the US and
globally. He said one of the challenges is
convincing those that have plenty to eat, that
it's alright to produce food with the latest
technology. He believes Americans lack a realistic
view of food production, because they spend a
small portion of their income on food and they
have never been without food.
"So,
they have a much different reality when it comes
to their relationship with food and because of
that, we don't necessarily always take a holistic
view of what global food production, scarcity,
affordability challenges are in front of us,"
Bruett said.
There is a group of very
active, passionate, ideological people that have
views on how food should be grown. Brutt said some
of their approaches to food sustainability
actually further exacerbate our ability to meet
this challenge of feeding the world. He believes
it's all about balance.
"I'm for all
food and agriculture systems," Bruett said. "I
think too often in agriculture we vilify one
another in order to sell our own products. I think
we should promote the attributes of what we do and
the good things about what we do and not vilify
our neighbors in the process. And that means that
everybody, no matter what type of agricultural
system you practice, you need to be improving,
whether that's an economic, social, or
environmental practices. We all need to do better
if we're going to have any shot of feeding the
world."
|
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Oklahoma's
Attorney General Scott Pruitt
continues to battle the Obama Administration on
several fronts- and that includes a lawsuit he has
filed against EPA over WOTUS- the Waters of the
US.
In an email release- he provided a link
to a new video that he has just recorded on his
reasons to take EPA to task over WOTUS- saying
"One example of federal overreach we
continue to battle is the EPA's unlawful WOTUS
rule. Last week, I recorded a video that breaks
down what exactly the Waters of the U.S. rule is
and how the EPA is using the rule as a power-grab
to gain authority over virtually all land and
water in the country. I hope you can take a few
minutes to watch the video below to understand
just how important it is we fight this rule to
protect the private property rights of
Oklahomans."
Click here for a link
to the video that will update you on what AG
Pruitt is saying about
WOTUS.
|
Pasture
Conditions Slide- as Dryness Impacts Cattle
Country in South Central and Southeastern Oklahoma
This
past week- drought officially edged back into
Oklahoma- being reported in southern parts of
McCurtain County along the Red River in the
southeastern corner of Oklahoma. There
were also several counties in southeastern and
south central Oklahoma with an abnormally dry
rating in the Drought Monitor that was released
last Thursday morning. With that report in
mind- it should not be a surprise to see the
National Pasture and Range Conditions take a dip
in the latest report released yesterday afternoon
within the National Crop
Progress numbers that we talked about in an
earlier story. Nationally, the pasture and
range ratings slipped three percentage points from
just a week ago- now standing at 52% good to
excellent. The two states that took the
biggest beating were Oklahoma and Texas- in both
cases parts of each state suffering from about a
month of dry and very hot conditions- helping pull
the ratings down. The Texas Pasture rating
dipped seven percentage points to 35% good to
excellent- the fair rating was up 2 points and the
poor to very poor ratings moved five points up to
25% poor to very poor. Oklahoma
also had a significant downturn in pasture
conditions- off 5 percentage points for the good
to excellent ratings, which still stand
at 58%. The Oklahoma decline was pushed
mostly to the Fair category, which increased four
points from a week ago to 31%- the poor to very
poor number is now 11% for Oklahoma. New
Mexico suffered a three point drop- while other
states in our area dropped one point in the good
to excellent categories or stayed stable.
The near term good news is that
Little Dixie will be included in the rain
of this week- with places like Hugo and
Broken Bow having a 70% chance of rain on
Wednesday- and chances of rain in the forecast in
southeastern Oklahoma for much of this
week. Click here for the Mesonet
numbers and forecast for Broken Bow- and from
this point- you can change Mesonet sites easily
and check on rainfall chances in other parts of
the state. As we write this- it is
raining in northwest and north central
Oklahoma- and arriving into the OKC metro
as well- a nice drink of water for crops and
pasture in mid
August. |
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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!
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