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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 Tom Leffler of Leffler
Commodities - click here for the report
posted yesterday afternoon around 3:30 PM.
Okla
Cash Grain:
Canola
Prices:
Cash price for canola was
$4.92 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
Friday, September 11,
2015
9-11,
May We NEVER
Forget. |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
Oklahoma
Wheat Industry "Cautiously Optimistic" about
Weather Outlook
Every
crop year for the past decade has been a
challenge. While the average may not look too bad,
Oklahoma's wheat farmers have had to deal with a
lot of extremes. As farmers begin planting their
hard red winter wheat crop, they have to wonder
what Mother Nature will deal next.
Oklahoma Genetics, Inc. Executive
Director Mark Hodges remains
cautiously optimistic about the 2016 crop. After
several years of drought, moisture looks to return
to the forecast with the likelihood of a strong El
Nino, which would bring Oklahoma above average
precipitation into the spring.
Oklahoma's farmers are starting to
plant their wheat crop that will be harvested in
2016. Oklahoma has a unique opportunity, as a
large number of producers will plant wheat for
grazing, while others grow the crop strictly for
grain production. In planting wheat for grazing,
farmers plant the crop in September. In growing a
crop for grain production only, the ideal planting
time starts after October 15th. In planting a crop
earlier, Hodges said the wheat crop will face
additional pressure from disease and insects. With
wild fluctuations in weather, he said farmers will
have to increase their management by being more
vigilant in scouting for diseases and being more
diligent in applying fungicides in the spring.
As farmers head to their field,
several Oklahoma State University developed
varieties sold through Oklahoma Genetics Inc. have
been in high demand. Hodges said the most popular
are Gallagher, Iba, Ruby Lee and the two-gene
Clearfield wheat Doublestop. He said this year
they ran out of Doublestop and there is very
little Gallagher left. Earlier
this summer, OSU announced Bentley was the newest
variety to be released. Hodges said there's
nothing average about Bentley, as it has
outstanding yield for a grain-only production
system, it has outstanding production in grain
plus grazing situation and it has outstanding
milling and baking qualities. Bentley was
developed for central Oklahoma and it has moderate
resistance to acid soils. It has a late first
hollow stem, which gives producers more time for
grazing, but it has a medium heading date, so
harvest can take place on time. Hodges said the
only average characteristic is Bentley's test
weight, but Bentley's yielding potential has more
than made up for the lower test weight. Currently
there are 8,000 bushels of Bentley seed, but
Hodges said it will take some time to build up
supplies before Bentley seed will be sold to the
general public. I interviewed Hodges about
this fall's planting considerations and the state
of Oklahoma Genetics, Inc. Click or tap here to
listen to the full interview.
We
will be visiting more with Mark Hodges Saturday
morning during our In the Field segment that will
be seen on KWTV News9 in Oklahoma City- at about
6:40 AM as a part of their Saturday morning news
block.
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Sequestration
Almost Certain To Hit Farm Program
Payments
Agriculture
Risk Coverage (ARC) and Price Loss Coverage (PLC),
the new price support programs listed under
the 2014 Farm Bill, will face sequestration
cuts, like the direct payments they
replaced unless Congress steps in.
Oct. 1 is
the day the first ARC and PLC
payments are slated to go out on 2014
crops.
USDA
officials are acknowledging a 6.8 percent cut will
be taken out of the payments. Several other
mandatory spending programs are exempt from
sequestration, including crop insurance, the
Supplemental Nutrition Assistance Program, the
Conservation Reserve Program and school nutrition
assistance.
Kansas State University Ag Economist
Art Barnaby realized the
sequester problem in recent days when an astute ag
lender raised the question. Barnaby sent out a at
the end of last week highlighting federal
sequestration cuts and their impact on farm
programs. Barnaby noted he had not seen any
notification about sequestration cuts and the cuts
were not detailed in the actual farm
bill.
Barnaby noted, "I read every page of the
commodity title and crop insurance title in the
Law. Probably about 200 pages; the full Law is
printed on about 900 pages." He added, "This was
never mentioned in any of the national training
that Extension people like me attended. I don't
think the trainers were aware of this
cut."
Chris Clayton with DTN has
an online story that quotes USDA Secretary
Tom Vilsack on the subject- the
Obama Administration's solution is for Congress to
get rid of sequestration. You can read Vilsack's
reaction to this revelation on sequestration
hitting farm program payments when the calendar
turns over to the new fiscal year on October first
by clicking
here.
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Kim
Anderson Finds the Bottom for Wheat
Prices
If
farmers still have grain in the bin, wheat prices
look pretty grim. Wheat prices have been trending
lower since July 2013 and prices have been on a
steady decline since harvest. On this weekend's
edition of SUNUP, Oklahoma State
University Grain Marketing Specialist
Kim Anderson said right now the
September Kansas City wheat futures contract is
around $4.77 with the Oklahoma cash price around
$4.30 a bushel. In watching the September
contract, he said it has support around $4.60 with
strong support at $4.50 and resistance at $4.80.
In looking at the long term trend of wheat prices,
Anderson said the bottom is
nearing.
"If you look at wheat prices
on the KC contract over the last 15 years, there's
a floor at about $4.30 on the futures contact,"
Anderson said. "I've got my bottom at $4.50, so we
could pop the $4.50, go down and bounce off
$4.30."
In looking at where wheat
prices are headed, Anderson said a lot will depend
on the Australian and Argentina wheat crops. In
past years, he said wheat prices have moved
sideways until a factor can move prices off the
bottom. With three record world wheat crops in a
row, global ending stocks also look to be record
setting.
In exporting the wheat crop,
Anderson said the U.S. will have to become more
price competitive. Canada and Australia will need
to continue to export wheat and once their
supplies get lower, he said their wheat prices
will increase. That will help the U.S. become more
price competitive on the global market, plus there
is the difference in quality. The U.S. has a good
bread milling quality product, which is good for
exports. Anderson said the quality of the crop and
lower prices is helping the U.S. get some wheat
sold right now, along with the relationships with
wheat buyers around the world.
Click here to read or
to listen to this full interview as Dr.
Anderson. You can also find the lineup for
this weekend's edition of SUNUP.
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Farmers
Meet with Hundreds of International Soy
Buyers
More
than 300 international soy buyers visited the
"Land of 10,000 Lakes" recently to learn about
some of U.S. soy's bestselling points. The third
annual U.S. Soy Global Trade
Exchange in Minneapolis drew
representatives of major international companies
in countries such as China, Korea, India and many
others. "As the world's population
continues to grow, so does the preference for U.S.
soybeans," says Bob Haselwood,
soybean farmer from Kansas and United Soybean
Board (USB) chairman. "This event gives U.S.
soybean farmers and the U.S. soy industry a
platform to prove that we are committed to
providing our international customers with a
sustainable, high-quality product. The importance
of these relationships is
immeasurable." In the most recent
marketing year, U.S. soybean farmers exported over
2 billion bushels of U.S. soy, valued at more than
$30 billion. They've exported more than 1.8
million bushels of U.S. soybeans so far this
marketing year, according to the U.S. Department
of Agriculture. Click here to read
more about the U.S. Soy Global Trade
Exchanges.
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R-CALF
USA Urges Updates to Price Reporting Act
R-CALF
USA submitted a white paper to the
Chairman and Ranking Member of the U.S. Senate
Committee on Agriculture, Nutrition and Forestry
(Committee) urging them to update the
soon-to-expire Livestock Mandatory
Reporting Act
(Act).
Originally passed in 1999, the
Act was a response to the increasing concentration
in livestock markets that resulted in fewer and
fewer animals being sold in the price discovery
market, also known as the cash or spot market.
Increased market concentration brought with it new
livestock procurement methods that significantly
reduced marketplace transparency. Using new
procurement methods, the concentrated packers in
the 1990s began shifting large volumes of
livestock away from the more public cash market
and into more private marketing agreements, making
actual sale prices difficult to
discern.
The limited pricing
information flowing from the concentrated packers
placed farmers and ranchers who wanted to sell
their livestock at a distinct disadvantage: the
packers knew what the fair market value of
livestock was at any given time, but livestock
sellers did not.
In its
white paper, R-CALF USA explained that the cattle
market had undergone considerable changes during
the past five years that warranted updating the
Act before its reauthorization. Click here to read
more.
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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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Angus
and DNA Traceability Offers a Winning
Combination
The
Certified Angus Beef program is
considered the "gold standard" when it comes to
value-added beef programs in the U.S. When you add
the Path Proven concept from the
Performance Food Group, the
nation's first DNA-based traceability program, you
come up with a real winner. That's according to
Performance Food Group Senior Director of Protein
Dr. Brad Morgan. He said over
half of their distribution facilities sell CAB.
"They want to have something that has
the story associated with it, verified that
they're black Angus cattle, that they are handled
and fed in a feed yard in a certain manner,"
Morgan said. "That story now is going over to CAB
in our distribution facilities." This
partnership between Performance Food Group and
Certified Angus Beef, differentiates this beef
product from the competition. The DNA-verified
program isn't just for high end steak houses, it
is also being done for restaurants that serve
hamburgers. The joint effort between
Path Proven and Certified Angus Beef also creates
opportunities overseas, as CAB has opened an
office in Tokyo. Morgan said they will be able to
compete against the Australians and Canadians
because of the trace back program with Path
Proven. Click or tap here to
read more or to listen to this featured interview
with Dr. Brad Morgan.
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Drought
Widens in Southern Oklahoma- At Least for This
Week
Some
key areas that were the driest in southern
sections of Oklahoma got some nice rains earlier
this week. HOWEVER- most of that water fell after
the 7am cutoff for consideration in the new
Drought Monitor map. The changes from this rain
will show up next week. Until then, this is what
we have for the latest map.
Drought-
either moderate or severe- is now found in 12.55%
of the entire state- mainly in the ten counties
that are the bottom two tiers of counties from
I-35 east to the Arkansas line.
If you
add abnormally dry to the mix- you jump up to
right at one fourth of Oklahoma now at this
dryness.
Some
of the areas now in drought may not be by this
time next week- based on the significant rainfall
amounts since 7 AM this past Tuesday- but drought
lingers- and that is always a worry.
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Our thanks
to Midwest Farms Shows ,
P & K Equipment, American Farmers &
Ranchers,
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Futures, CROPLAN by
Winfield, Stillwater Milling Company, Pioneer Cellular, National Livestock Credit
Corporation and the Oklahoma Cattlemen's
Association for their support of our
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