~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday March 19, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- US Pork to Be Allowed Into China Once Again
-- US HRW Wheat Prices Continue to Hang Around the Five Dollar Mark
-- McDonalds Major and Enthusiastic Supporter of the Oklahoma Youth Expo
-- Oklahoma Beef Lady Now in the Officer Mix for the American National Cattle Women
-- Cattle on Feed Report Due Out This Afternoon
-- We Need Your Horse!
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. 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.
We are also excited to have as one of our sponsors for the daily email
Producers Cooperative Oil Mill, with 64 years of progress through
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sunflowers on the PCOM
website- go there by clicking here.
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US Pork to Be Allowed Into China Once Again
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The United States and China have reached an agreement to reopen the Chinese market to U.S. pork and pork products, Agriculture Secretary Tom Vilsack and U.S. Trade Representative Ron Kirk announced Thursday night. "I am pleased that China affirmed in our meetings that they will base their decisions on international science-based guidelines," said Kirk in a joint USDA/USTR statement. "We look forward to working cooperatively to resolve additional issues, including a resumption of trade in beef."
Pork trade will resume immediately once both sides finalize the export documentation. China agreed in principle to remove its ban on U.S. products in October, 2009. According to USDA, negotiations to implement that agreement have been ongoing ever since. The United States has repeatedly stressed the need for China to remove all restrictions on trade in pork products related to the H1N1 virus because there is no risk to humans from consuming pork and pork products.
Click on the link below for more on this story- including some early reaction from NPPC President Don Butler- who is pleased that we finally have details nailed down. He says the potential is for China to be a $700 million market annually for US pork.
US HRW Wheat Prices Continue to Hang Around the Five Dollar Mark
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Dr. Kim Anderson says not much is happening in the wheat market, except that it is wallering around. For now, we have been able to hold around the five dollar level, but Dr. Anderson tells Clinton Griffiths of SUNUP that he fears we could see the hard red winter wheat market breaking through $5 to the downside- and that could allow us to drop about forty cents a bushel as we get closer to the harvest season.
Dr. Anderson has a simple message for those wanting to think about the marketing of the 2010- "just sit on it." He believes there is a chance for a post harvest rally that will pay you to hold your crop( at least a good part of it) in storage as you harvest it in 2010.
You can hear the conversation that Anderson had with Clinton Griffiths by clicking on the link below.
Click here for a chance to listen to the latest wheat market strategy with OSU's Dr. Kim Anderson
McDonalds Major and Enthusiastic Supporter of the Oklahoma Youth Expo
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Earlier this year, the Sirloin Club, made up of supporters of the Oklahoma Youth Expo, honored McDonalds with what they call their "President's Award." It was given to McDonalds and their franchise owners for major support of the Oklahoma Youth Expo in recent years.
This past Wednesday evening, Ed Phillips, a franchise owner from western Oklahoma, represented McDonalds at the Legislature Show and found himself paired up with John Nelson of the Chickasha 4-H.
We talked with Phillips about McDonalds being a major sponsor in recent
years- and he told us that they believe this support of the OYE is a
natural fit, especially since McDonalds is the biggest customer of US
agriculture in a lot of different categories.
Click here for more on the support of OYE in a major way by McDonalds and Franchise Owners like Ed Phillips.
Oklahoma Beef Lady Now in the Officer Mix for the American National Cattle Women
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma has a lady that has started the journey through the national officer chairs for the American National Cattlewomen earlier here in 2010. Tammi Didlot of Moore was elected by the delegates to the ANCW meeting in San Antonio to the office of First Vice President. Tammi is not shy about getting involved in helping advance the beef cattle business, and has already served as the Membership Committee of the national cattle auxiliary.
Our Beef Buzz shows for Thursday and Friday of this week have spotlighted Tammi Didlot- and you can hear them by clicking on the link below.
Today, we talk about the challenge that ANCW has in having to riase money to replace previous support from the beef checkoff for programs like the Beef Cookoff and the Beef Ambassador program. And, we also talk about the challenge of activists and how groups like ANCW has to equip their members to respond to the attacks on animal agriculture that seem to be so common these days.
Click here for the Friday Beef Buzz with Tammi Didlot of ANCW(and a link back to Thursday's report as well)
Cattle on Feed Report Due Out This Afternoon
Joe Victor with Allendale offers us his take on today's report in an email " February Placements are expected to be 3.4% smaller than last year. Poor weather conditions are the prime reason for these lower numbers. We will point out, aside from weather, there was financial incentive for higher placements. Corn prices averaged 23 cents lower in February. Also, prices for finished cattle were rallying during this time. Cattle placed in February will be marketed from July through October. Allendale anticipates a Marketing total 2.1% larger than February of 2009. There was no calendar adjustment made this year as there was the same number of working days as February 2009. Feedlots are near the end of working off those higher placements made from July through October. Total Cattle on Feed as of March 1 will be 3.5% smaller than last year. Our estimate is the lowest March 1 Cattle on Feed in seven years."
The report will be released this afternoon at 2:00 p.m. CDT.
We Need Your Horse!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~As the Southern Plains Farm Show begins to draw closer, we are looking for a few good horses. The trainer for the 2010 Southern Plains Farm Show that will offer twice daily horse training seminars is Scott Daily of Ark City, Ks.
John Sampson with Midwest Farm Shows tells us that they would like for folks to nominate horses for Scott to work with that have been diffiicult. If you have a horse that could use some professional attention, send me an email at the email address listed at the very bottom of this email (firstname.lastname@example.org) or give me a call at 405-841-3675.
The dates for the show is April 15, 16 and 17 at State Fair Park in Oklahoma City. We hope to hear from you on a horse you own that needs a little TLC.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, AFR and KIS Futures 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 your inbox on a regular basis!
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.
Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.55 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.60 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: