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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
$5.03 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, September 15,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
Excessive
Foreign Farm Supports Disrupt World Wheat Trade-
and Costs US Wheat Farmers
Money
U.S.
Wheat Associates (USW) and the
National Association of Wheat
Growers (NAWG) unveiled the results of an
econometric study on Monday showing that excessive
farm support in several advanced developing
countries could cost U.S. wheat farmers nearly $1
billion in revenue every year. USW recently showed
that the governments of China,
India, Turkey and
Brazil have dramatically
increased subsidies for domestic wheat production
over the past ten years to levels that far exceed
their World Trade Organization
(WTO) agreements. This study confirms that these
policies have a detrimental effect on U.S. and
world wheat farmers and global wheat
trade.
Yesterday afternoon, we
talked with Dalton Henry,
Director of Policy for US Wheat, who told us
that "the subsidies for these countries are above
their WTO limits and further that they have a
pretty significant impact on prices received by US
Wheat producers."
Noted agricultural
economist Dr. Dermot Hayes and
two of his colleagues at Iowa State
University conducted the study. The goal
was to determine what would happen to U.S. and
global wheat production, trade and prices if
domestic support in China, India, Turkey and
Brazil were removed. To accomplish this, Dr. Hayes
and his colleagues applied the price support and
input subsidy data identified in a November 2014
study by DTB Associates to the respected
CARD-FAPRI econometric model. Results showed that
if all support were removed from all four
countries, annual U.S. wheat production would
increase by more than 53 million bushels, farm
gate prices would increase by nearly $0.30 per
bushel and U.S. wheat farmers would receive $947
million more in annual revenue.
"The
results confirm that if domestic support were
removed wheat prices in the countries modeled
would go down and farmers would plant less wheat,
but domestic consumption would go up," Hayes said.
"The lower supply would lead to higher global
wheat prices, which tend to benefit wheat
exporting countries including the United
States."
We
have posted our full conversation from Monday
afternoon with US Wheat Associates Director of
Policy Dalton Henry about the study on our
website. You can read more about this study
and hear our complete conversation by clicking here.
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Spotlight
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email is the Oklahoma Farm Bureau
- a grassroots organization that has for its
Mission Statement- Improving the Lives of Rural
Oklahomans." Farm Bureau, as the state's
largest general farm organization, is active at
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
Bureau.
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.
|
Corn,
Sorghum and Cotton Harvest Underway
Nationally
Corn,
sorghum and cotton harvest is making progress
nationally. On Monday, the U.S. Department
of Agriculture reported all three crops
are behind harvested. In the weekly crop progress
report, USDA downgraded the condition of the
nation's soybean, cotton and sorghum crops.
Meanwhile, the nation's corn condition held
steady. Corn harvest
has gotten underway across ten of the largest corn
producing states. Nationally, five percent of the
crop has been harvested, behind the five year
average of nine percent. Harvest progress ranges
from 57 percent of the North Carolina crop to one
percent of Nebraska's and
Indiana's. USDA adjusted the
condition of the nation's soybean
crop downward. In the top 18 soybean producing
states in the nation, 61 percent of the crop was
in good to excellent condition, 27 percent fair
and 12 percent poor to very poor with 35 percent
dropping leaves.
Cotton harvest has
gotten underway in five states with four percent
of the nation's cotton crop harvested. That's
behind the average of seven percent harvested.
Maturity remains behind with 46 percent of the
crop setting bolls, six points behind the five
year average. In the 15 main cotton producing
states, USDA reported 52 percent of the crop rated
in good to excellent condition, 35 percent fair
and 13 percent poor to very poor.
Sorghum harvest
nationally reached 22 percent complete, behind the
average of 26 percent harvested. Sorghum maturity
is ahead of average with 83 percent of the crop
coloring and 43 percent of the crop mature. The
nation's sorghum crop condition fell slightly
since last week with 67 percent of the crop was
rated in good to excellent condition, 26 percent
fair and seven percent poor to very poor.
Click here for the
full national crop progress report.
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Corn
and Sorghum Harvest and Winter Wheat Planting
Taking Place Across Southern
Plains
Sorghum
harvest has gotten underway in
Oklahoma. The U.S. Department of
Agriculture Monday reported 15 percent of the
state's sorghum crop has been harvested, ahead of
the five-year average by two points. Sorghum
coloring reached 84 percent and mature reached 36
percent. Sorghum rated 74 percent good to
excellent, down two points from last week. With
the state's corn crop, USDA had 94 percent in the
dough stage, dent reached 89 percent and 50
percent was mature. The state's corn crop rated 64
percent good to excellent condition, unchanged
from last week. Soybeans blooming reached 91
percent and setting pods reached 85 percent.
Soybeans rated 57 percent good to excellent, up
two points from last week. Cotton bolls opening
reached 22 percent. The state's cotton crop rated
65 good to excellent, down two points from last
week. Seedbed preparation was underway for small
grains. Click here for the full
Oklahoma report. Sorghum, corn,
cotton and soybean harvest is progressing in
Texas. USDA reports 60 percent of
the sorghum crop has been harvested, which is on
track with the five-year average. The sorghum crop
rated 67 percent good to excellent, unchanged over
the previous week. Corn harvest gained one point
with 53 percent of the crop harvested, down from
the five-year average of 58. USDA reports 56
percent of the state's corn crop was in good to
excellent condition, unchanged. Soybeans were 32
percent harvested. Soybeans rated 39 percent in
good to excellent condition, steady with the
previous week. Cotton reached eight percent
harvested, behind last year and average. Cotton
rated 42 percent good to excellent, down two
points from last week. Winter wheat planting was
underway with five percent of the crop planted. Click here for the full
Texas report. Corn and sorghum
harvest has gotten started in
Kansas. USDA reports corn harvest
was 11 percent complete, behind last year and the
average of 25. In the latest crop progress report,
the corn rated 56 percent good to excellent, down
one percent from last week. Sorghum harvest was
two percent complete. Sorghum rated 65 percent
good to excellent, down three points from last
week. Soybeans rated 55 percent good to excellent,
down one point from last week. Cotton rated 63
percent good to excellent, unchanged from last
week. Winter wheat planting reached five percent
complete. Click here for the full
Kansas report.
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Peel
Finds Fewer Canadian and Mexican Cattle Imports so
Far in 2015
Derrell
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
newsletter."Total cattle imports
from Canada and Mexico are down 4.0 percent for
the first seven months of 2015 compared to last
year. Cattle imports from Canada for the January
to July period are down 21.0 percent year over
year while cattle imports from Mexico are up 15.1
percent. Imports of cattle for immediate slaughter
(from Canada) are down 34.4 percent compared to
one year ago. Combined feeder imports from Mexico
and Canada are up 10.1 percent through July
compared to last year. "Cattle imports
from Canada are typically a mix of slaughter and
feeder cattle. Through July, imports of slaughter
steers and heifers from Canada were both down over
40 percent from last year and combined for a 44.0
percent year over year
decrease. Slaughter cows and
bulls are down 20.5 percent from last year. Feeder
steer imports from Canada are up 45.1 percent this
year compared to one year ago while feeder heifer
imports are down 18.9 percent from last year.
Combined feeder steer and heifer imports are
unchanged year over year. Lower total cattle
imports from Canada reflect continued decreases in
total cattle inventories in Canada, currently at
the lowest level in more than 20 years." Click here to read more of
this week's analysis from Dr. Peel.
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State
Beef Checkoff Petition Drive Begins in
Oklahoma
Following
the lead of Texas and several other states,
Oklahoma's cattle industry is moving forward to
petition for a referendum for an Oklahoma
state-level beef checkoff. Oklahoma
Cattlemen's Association Executive Vice
President Michael Kelsey contends
there are a lot of reasons why the national beef
checkoff needs more resources. In speaking for
OCA, Kelsey said the $1 per head checkoff was
established in 1985 and the federal assessment
hasn't been adjusted since the program
began. "The power of the dollar as we
know has just shrunk," Kelsey said. "You can't buy
a cup of coffee for 25 cents any more. It takes
more to do that, so we need more funds in order to
do those types of programs that we think we need
to do to continue to position beef in the center
of the plate." The Oklahoma
Cattlemen's Association will be the group
conducting the referendum, according to the
petition. The petition has been approved by the
seven groups that have come together as a task
force. This includes the American Farmers
and Ranchers, Oklahoma Beef Council, Oklahoma
Cattlemen's Association, Oklahoma CattleWomen's
Association, Oklahoma Dairy Producers Association,
Oklahoma Farm Bureau and the Oklahoma Livestock
Marketing Association.
The group said the reasons to propose
of a new state assessment include increased funds
for the core checkoff strategies of market
development, promotion, research and consumer
information. If passed, all assessment funds will
be received and administered by the Oklahoma Beef
Council. They will promote and defend beef and
cattle production and aggressively promote and
defend beef's importance in a healthy diet. The
maximum state assessment will be $1 per head at
the change of ownership. The state assessment, as
required by state statute, is refundable. Click here to read
more or to listen to this featured interview with
Michael Kelsey.
|
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.
|
New
Veterinarian-Hosted Video Explores How Antibiotics
Are Used in Livestock
Antibiotic use in
livestock is one of the most discussed and
misunderstood topics in agriculture today, but the
newest North American Meat
Institute (NAMI) Glass Walls video aims
to clarify exactly how, when and why antibiotics
are used in animals. The video features a virtual
tour of a livestock production facility from
University of Nebraska and Great Plains
Veterinary Educational Center
veterinarian Brad Jones, DVM.
Jones explains the decision-making process
regarding antibiotic use in cattle and pigs,
including the diagnosis of illnesses, treatment
and antibiotic use considerations and how animals
are tracked from antibiotic administration to
harvest.
"I think the use of
antibiotics in our industry is appropriate and I
would also use the term responsible. It's
appropriate for animal well-being and comfort.
It's appropriate to treat certain diseases that
affect the animal," Jones says. "How we utilize
antibiotics and the decisions we make when we give
them have a lot of thought behind them; not only
thought because we're mandated to because of laws
and rules, but thought because we understand the
importance of maintaining use of antibiotics in
our industry for the health and well-being of
animals."
The video was created by NAMI
as a way to give interested consumers an inside
look at the process of using antibiotics in
livestock while addressing many of the common
misconceptions about their use. It supplements
NAMI's variety of resources on antibiotic use
including the " Facts About Antibiotics in
Livestock and Poultry Production" brochure and
several Meat Mythcrusher videos tackling common
antibiotic myths such as 80 percent of antibiotics
are used in animals, antibiotics are commonly used
for growth promotion and animal agriculture is the
biggest contributor to antibiotic resistance. Click here to
watch the latest video from the North
American Meat
Institute. |
Wholesale
Boxed Beef Prices Continue Their Slide- Ed
Czerwein Explains
Each
week- Ed Czerwein with the USDA
Market News office in Amarillo, Texas compiles a
report on the boxed beef trade for the previous
week- looking at overall sales of wholesale beef,
exports and more. We have posted his latest report
on our website- you can click here to read the
full report and listen to his commentary for
the trade from this past week. According to
Ed- "Weekly boxed beef trade for week ending Sep
12 The daily spot Choice box beef cutout ended the
week last Fri at $236.09 which was $3.98 lwr
compared to previous Friday. There were 665 loads
sold for the week in the daily box beef cutout,
which was almost 10 % of the total volume. The
weakening daily cutout which has declined 10 out
of the last 12 working days but has started to
drop at a much higher rate now that retailers have
restocked shelves after the recent holiday. It has
dropped over $7.00 in the past two weeks.
"The Comprehensive or weekly avg Choice
cutout which includes all types of sales including
the daily spot cutout was $235.56 which was $2.62
lower. Last summer the Weekly avg Choice cutout
dropped from $258 the week ending Aug 9 to $238
the week ending October 4th then started its
normal fall
increase." |
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to Midwest Farms Shows,
P & K Equipment,
American Farmers &
Ranchers,
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Association, CROPLAN by
Winfield, Stillwater Milling
Company, Pioneer Cellular,
National Livestock Credit
Corporation and
KIS Futures for
their
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God Bless!
You can reach us at the following:
phone: 405-841-3675
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