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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
Wednesday,
September 16,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
U.S.
Department of Agriculture Secretary Tom
Vilsack Tuesday announced the award of
$20.5 million for 45 projects to develop and
advance the conservation of natural resources.
These projects include efforts to increase habitat
for pollinators, develop new ways to attract
private investment in natural resource
conservation, give agricultural producers greater
access to greenhouse gas markets, and help farmers
and ranchers make their operations more resilient
to climate change. "This year's slate
of projects is truly outstanding," Vilsack said.
"Our partner awardees are progressive and
forward-thinking and looking to solve natural
resource problems, and also engaging with
underserved farmers and
ranchers." Oklahoma
will receive more than $1.6 million dollars to
fund three projects with the Oklahoma
Black Historical Research Project, the
Samuel Roberts Noble Foundation
and Oklahoma State University.
The funding will provide support for outreach
projects to remove red cedar trees, soil health
efforts through cover crops and pasture
management, along with improving irrigation
management. Seven of the approved
grants support conservation technologies and
approaches to help farmers and ranchers who
historically have not had equal access to
agricultural programs because of race or
ethnicity, who have limited resources, or who are
beginning farmers and
ranchers. Approximately half of this
year's funding supports environmental markets
projects in three categories: water quality
trading, greenhouse gas markets, and-for the first
time-impact investments in working lands
conservation. Click here to read
more about projects that are being funded in
Oklahoma and other
states. |
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|
OSU
Food Demand Survey Shows Willingness to Pay
Dropped in September for Meat Items by
Consumers
The
amount consumers are willing to pay for a range of
meat products dropped this month, with deli ham
dropping the most - about 21 percent - from levels
a month earlier, according to Oklahoma State
University's monthly Food Demand Survey. The
Survey project is now in its third year and is
being led by OSU Ag Economist Dr. Jayson
Lusk. Steak saw only a slight
decrease from last month, down about 2.5 percent.
However, consumers' willingness to pay for steak,
chicken breast, deli ham and chicken wings are all
higher now than at this time a year ago, the
survey showed. The Willingness to Pay number for
Steak dropped back below eight dollars after
hitting $8.03 a pound in August of this year. The
$7.83 Willingness to Pay for steak is sixty five
cents higher than in September
2014. Especially
interesting to me this month were the "Ad
Hoc" questions posed by Dr. Lusk and his
team. This month, the survey polled
consumers' level of satisfaction "with the
decisions and management practices of farmers
these days." But the survey used the phrase "of
farmers" on only one-third of the surveys, used
the phrase "of agricultural producers" on another
third, and used the phrase "in agriculture" on the
rest. Respondents were most likely to
give the high score possible (a 10) when the
phrase "of farmers" was used, with 10 percent
rating farmers that highly. However, when the
phrase was "agricultural producers," only 5.8
percent gave a "10" rating. And when the phrase
"of agriculture" was used, only 5.5 percent rated
their opinion a "10." The group asked the question
with the phrase "of farmers" saw only fifty
percent of those polled giving a seven or higher
score for their level of satisfaction. The phrase
"of agriculture" received a rating of seven or
more from less than forty percent of those
responding. More details about this month's
Food Demand Survey are available here.
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Finally
a Slowdown in Australia's Beef Production, Exports
At the
beginning of this year, Australian beef production
and exports were expected to drop well below 2014
levels, as the industry began to rebuild its
breeding herd after more than two years of
drought-induced liquidation.The Aussies have been
dealing with a situation similar to
what the United States faced, when drought
of 2010 and 2011 drew down in the U.S. beef cow
herd to under thirty million head. At
the start of the year, Australia was still
liquidating historically large numbers of cattle.
The meat industry has known those kill numbers
were not sustainable and had forecast a 14 percent
drop in production and a 20 percent drop in beef
exports. U.S. Meat Export
Federation (USMEF) Economist Erin
Borror said they anticipated Australian
beef exports were going to slow down in 2015, but
that hasn't happened until recently.
"So, far in the first half we haven't
seen any slowdown materialize and exports
continued to outpace last year's record levels,"
Borror said. "But, finally in July we saw their
exports come in line with last year and then in
August they were actually down about five percent
from last year's strong pace. This coincided with
a decrease in Australia's kill numbers, which have
slowed since June, which are running well below
last year." The U.S. meat industry
hopes these numbers seen in July and August in
Australia will continue. This will tighten
supplies from Australia into the export
marketplace and help narrow the price gap between
U.S. and Australian beef in the Pacific
Rim. "So, as we look at smaller
Australian supplies going forward, we do expect
our competitiveness to improve in the Asian
markets," Borror said. "Especially places like
Korea and Taiwan, we are already gaining market
share. But where Australia has advantages is,
Japan with their Economic Partnership Agreement,
they'll see more than a 10 percentage point tariff
advantage. Next year, the other place where they
will keep their advantage is China, as they have
direct access and they are China's largest
supplier and of course U.S. beef still remains out
of that market. So, two key areas where they
maintain significant advantages, more on the
policy side, but across the markets, where we do
have access, even though we'll still expect the
strong dollar disadvantage, we know that our
competitiveness on the advantage of cuts is
already improving." I featured Erin
Borror on the Beef Buzz, as heard on great radio
stations that are a part of the Radio Oklahoma Ag
Network. Click or tap here to
listen to this Beef Buzz looking at the Australia
situation regarding beef supplies.
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UN
Data Shows That Ethanol is Not Causing Food Price
Rises
The
United Nations Food and Agriculture
Organization has released data showing
that global food prices have experienced the
steepest monthly drop since 2008, casting doubt
upon concerns about the impact of ethanol
production in food price increases. The recent
decline in food prices has coincided with a period
of record ethanol production expansion, reaching a
high of 94 billion liters in 2014 from 83.5
billion liters in 2012, a 10% increase over this
period. This contrast clearly demonstrates that
increased ethanol production has not driven up
food prices. The UN FAO Food
Price Index averaged 155.7 points in
August, down 5.2 percent from July,
representing the steepest monthly drop since
December 2008 with virtually all major food
commodities registering marked dips. This drop
coincides with a fall in crude oil prices in July
of 19 percent, closing at $48.25 USD per barrel on
July 31. The Global Renewable
Fuels Alliance (GRFA) has for several
years argued that the price of oil and energy
inputs are the single most influential drivers of
food and commodity prices. A number of
international institutions including the World
Bank, International Energy Agency (IEA) and United
Nations Food and Agriculture Organization (UN FAO)
have also recognized the strong relationship
between oil prices and food prices. Click here to read
more about long-term drivers of food prices.
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Integrity
Beef Pays Dividends in High Cattle Markets
Preconditioning
programs adhere to the old cliché that you have to
spend money to make money. Dr. Robert
Wells with the Noble Foundation contends
that when evaluated on a return to investment, or
net margin basis, preconditioning ranch-raised
calves are still one of the most lucrative phases
and safe investments of cattle production
available to the cow-calf producer. The 2014
cattle market may have been the high of the
present cycle; however, 2015 still looks to be a
favorable marketing year for cow-calf producers.
One of the best ways I can think of to add value
to your calves is to enroll them in a value-added
calf program such as the Integrity Beef
Alliance's preconditioned calf
program. The Integrity Beef Alliance is
a comprehensive beef production system that
produces the highest quality calves possible for
the next supply chain owner and consumer while
improving returns for ranchers through value-added
traits. Integrity Beef Alliance emphasizes
progressive management methods, ranch stewardship
and humane care of all livestock. The Alliance
includes a terminal production system that uses a
VAC-60 preconditioning program. Through uniform
and elevated standard management practices,
Integrity Beef producers' cattle far surpass
industry standards for performance, quality,
health and behavior. Large and small
ranches benefit equally from participating in
Integrity Beef Alliance through implementation of
best management practices and increased marketing
venues, replacement cattle and ranch supply
procurement support. Click here to read
more from Dr. Wells.
|
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.
|
'All
About Beef' App Features Two New
Games
The
American Farm Bureau Foundation for
Agriculture released a new educational
app, "All About Beef," funded in part by the Beef
Checkoff. App versions of "The
Steaks are High" and "Grocery
Grab" are STEM-based games funded by the
Beef Checkoff Program and geared toward students
in grades 3-5. In addition to teaching nutrition
and environmental facts, the apps also feature
kid-friendly beef recipes. The My
American Farm games, including "The Steaks are
High" and "Grocery Grab" are available on the
iTunes store for iPhone and iPad, at Google Play
for Android devices, on Amazon for the Kindle Fire
and on www.MyAmericanFarm.org.
The Beef Checkoff Program funded
development of this game and supporting resources.
The Beef Checkoff Program ( www.MyBeefCheckoff.com) was
established as part of the 1985 farm bill. The
checkoff assesses $1 per head on the sale of live
domestic and imported cattle, in addition to a
comparable assessment on imported beef and beef
products. In states with qualified beef councils,
states retain up to 50 cents of the dollar and
forward the other 50 cents per head to the
Cattlemen's Beef Promotion and Research Board,
which administers the national checkoff program,
subject to USDA approval. The My
American Farm educational resource is a special
project of the Foundation. The site and resources
are made possible through the generous support of
title sponsor, DuPont Pioneer. To take advantage
of the free My American Farm resources, games and
activities, visit www.MyAmericanFarm.org.
|
The
start of the State Fair at State Fair Park in
Oklahoma City is just hours away- and while Day
One of the Fair looks clear and hot- the weather
appears to be headed cooler and wetter for the
first weekend of the 2015 event. Jed
Castles with News9 has provided us with a
nine day outlook- which offers hope for rainfall
to aid with planting the winter canola and wheat
crops- but forcing fairgoers to dodge raindrops-
here's the graphic- courtesy of Jed:
**********
It's
Wednesday- and that means the Big
Iron folks will be busy closing out this
week's auction items - all 643 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.
********** The
Texas and Southwestern Cattle
Raisers have a pair of their "Ranch
Gatherings" planned for this week in Oklahoma-
tonight in Guthrie at
Guthrie High School- 6 pm is the start
time. Thursday evening, September 17, is
the other Oklahoma TSCRA event- this time in Okmulgee at the
Okmulgee County Fairgrounds, also at 6 PM.
A free beef dinner will be served at both
locations- details are available by clicking on
the name of the town where the Ranch Gatherings
are planned.
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to Midwest Farms Shows,
P & K Equipment, American Farmers &
Ranchers,
CROPLAN by
Winfield, KIS Futures, Stillwater Milling Company, Pioneer Cellular, National Livestock Credit
Corporation and 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-
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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!
You can reach us at the following:
phone: 405-473-6144
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