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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday December 1,
2009 A
service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS
Futures!
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-- Crop Insurance Price Elections Jump the Value of Grain Sorghum
Almost to Parity With Corn
-- Another "Next to Last" Oklahoma Weekly Crop Weather Update
-- NCBA President Elect Says We Must Tell Our Animal Care Story to
Consumers
-- Hinton FFA Hits $8,000 Jackpot in Monsanto Winter Canola
Contest
-- The Climate Con
-- Derrell Peel Offers Ideas About Where the Fed Cattle Market May Be
Headed
-- 28th Annual Oklahoma Select Bull Sale & Super Bull Competition
Coming December 5th
-- Let's Check the Markets!
Howdy Neighbors! 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
producer ownership. Call Brandon Winters at 405-232-7555 for more
information on the oilseed crops they handle, including sunflowers and
canola- and remember they post closing market prices for canola and
sunflowers on the PCOM
website- go there by clicking here. If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here. | |
Crop Insurance Price Elections Jump the Value of Grain Sorghum Almost to Parity With Corn ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Risk
Management Agency (RMA) released a new methodology on Monday showing
sorghum's crop insurance price elections at 97.8 percent of the value of
corn up from only 88 percent, which translates to a huge victory for the
sorghum industry. The National Sorghum Producers (NSP) has been working
hard with RMA over the past eight years to improve price elections, and
today's methodology demonstrated the organization's ability to deliver
tangible results to its members. For sorghum producers, this new value can
mean between $20 through $50 per acre or more in increased insurance
coverage for sorghum depending on individual yields and coverage levels.
Gerald Simonsen, NSP chairman of the board, expressed his excitement about the news. "This methodology is by far one of the best things that could have happened for sorghum producers this year, and this is going to greatly help sorghum producers manage their risk," he said. During the 2008 Farm Bill debate, NSP worked with Congressman Jerry Moran (R-Kan.) and others to include a provision to develop a new methodology that was replicable and transparent. NSP then worked with RMA to refine the new methodology which will use sorghum prices throughout the Sorghum Belt to calculate the price election. The methodology posted Monday by RMA incorporates a time period of 10 years to calculate the price elections. This crop insurance price election will be in effect for the 2010 crop year. | |
Another "Next to Last" Oklahoma Weekly Crop Weather Update ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This was
supposed to be the last Oklahoma Weekly Crop Weather Update of the season-
but because the season has been running late most of the fall- NASS
officials have decided to extend the weekly reports through at least next
week. This week's report tells us that "Small grain planting is nearly
finished across the State. Virtually all winter wheat for the 2010 crop
was seeded by week's end. Wheat emerged increased to 93 percent complete,
up eight points from the prior week, but two points behind the five-year
average. Producers continue to place stocker cattle on wheat pasture. Some
rust problems have been reported on early-planted wheat."
Regarding our Oklahoma spring planted crops- "Row crop harvest is nearing completion, as optimal weather conditions and cooler temperatures allowed producers to make some headway. By week's end, 85 percent of the State's sorghum was harvested, up five points from the prior week, but two points behind normal. Soybean harvest jumped 14 points to reach 87 percent complete, but still seven points behind the five-year average. Peanut harvest is wrapping up as 95 percent were combined by Sunday. Cotton harvest is catching up, increasing six points from the previous week to reach 50 percent complete, although still 21 points behind the five-year average." Nationally, the corn harvest moved forward, but remains 18 percentage
points behind normal. One of the top corn producing states, Illinois, is
now 72% done- and is 27 percentage points behind where normal is for the
Land of Lincoln. North Dakota is also playing catch up- but they are way
behind the norm- 40% of their crop harvested- normal would be
89%. | |
NCBA President Elect Says We Must Tell Our Animal Care Story to Consumers ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ "We do a
pretty doggone good job taking care of our livestock- we need to do a
better job of telling that story to consumers," so says the President
Elect of the National Cattlemen's Beef Association, Steve Fogelsong.
Fogelsong is a beef producer from Illinois, and our guest on the Beef
Buzz.
We talk about the challenge to animal agriculture by groups like PETA and HSUS, as well as the regulatory challenges that seem to be multiplying as the Obama Administration puts in place environmental activists in many key appointed slots at the EPA. Fogelsong says the coarse particulate matter regulations that EPA is
advancing ( in other words- rules to control DUST) are especially
worrisome to him, as much of agriculture would be out of compliance if EPA
gets their way on very strict limits on how much dust may be stirred up by
humans. He says that even the Lone Ranger would be out of compliance as he
arrived to save the day in a cloud of dust. Click here to go Beef Buzzing with Steve Fogelsong- NCBA President Elect | |
Hinton FFA Hits $8,000 Jackpot in Monsanto Winter Canola Contest ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This past
growing season, FFA chapters in select Oklahoma and Kansas counties were
invited to partner with a local wheat grower and enter the Genuity Roundup
Ready® Winter Canola Yield contest. Chapter members tracked their grower's
crop and harvest data throughout the growing season.
The Hinton FFA Chapter of Hinton, Okla., took the first place prize of $8,000. The chapter plans to use the money for new computers and a livestock barn. The Minco FFA Chapter of Minco, Okla., came in second place earning $6,000; and the Pond Creek-Hunter FFA Chapter from Pond Creek, Okla., placed third earning $4,000. The remaining participating chapters received a $2,000 donation. "We are proud to support the FFA chapters that participated in the
Genuity Roundup Ready® Winter Canola Yield Contest," says John Raines,
V.P. of Customer Advocacy for Monsanto. "As a company whose only business
is agriculture, Monsanto is committed to investing in our youth which is
the future of the agriculture industry." | |
The Climate Con ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We came upon a
most interesting website from Down Under by virtue of finding some
fascinating Australian commercials about the controversial issue of Global
Warming. All of the latest salvos against the Climate Change advocates are
being powered by the emails uncovered in England from Scientists that
apparently were not entirely honest in their portrayal of the validity of
their work.
Click here to see the YouTube compilation of these commercials that have a common message- "You have been conned." And, the link below jumps to the website of these folks that produced the commercials from the link above. These folks claim that Climate Change is nothing more than a throwback to the 15th century. On their website they claim "The heliocentric (sun-centered) cosmology pioneered by Copernicus around 1500 AD shattered the anthropocentric mythology that put man at the centre of the universe. This Medieval mythology viewed natural disasters as acts of God caused by human sin. The popular belief that human activity is the main cause of catastrophic global warming is essentially a return to the religious, guilt-ridden mythology of the pre-Copernican age." Click here to catch some hard core Anti Climate Change Rhetoric- all the way from Australia | |
Derrell Peel Offers Ideas About Where the Fed Cattle Market May Be Headed ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OSU Extension
Livestock Market Economist Dr. Derrell Peel gives us his ideas on where
the fat cattle market is headed. "On November 1, U.S. feedlot inventories
were 11.134 million head, up almost 1.5 percent from last year. Many in
the industry have been nervous over the fact that placements have exceeded
year earlier levels for the last four months. Indeed, from July through
October, total feedlot placements were up 402,000 head from the same
period last year. This raises questions about how much pressure this will
put on fed cattle prices in the coming months.
Of course, the biggest factor limiting fed cattle prices this year has been persistently weak beef demand and that is the bigger question for the remainder of this year and into 2010: will beef demand begin to improve, will it hold steady or could it weaken further? There is no doubt that any weakening of demand in the face of even a slight increase in supplies will pressure markets. Improving demand could make these supply concerns a moot point but it seems like a long shot for significant demand improvement to occur very quickly. Assuming steady beef demand, the question comes back to just how much additional pressure does the increase in feedlot inventories suggest for prices- and when?" Dr. Peel adds that the answer depends on where and when the increase in cattle numbers occurs. You can click on the link below and get the rest of his thoughts about beef demand will be jousting with supply in the months ahead. Click here for more with Dr. Derrell Peel of OSU on the Fed Cattle Market | |
28th Annual Oklahoma Select Bull Sale & Super Bull Competition Coming December 5th ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The 28th
Annual Oklahoma Select Bull Sale and Super Bull Competition is scheduled
for this coming Saturday, December 5th, 2009 in Durant, Oklahoma. Selling
will be 100 Hand-Selected Limousin & Lim-Flex Bulls, Black - Red -
Mostly Polled with several Homozygous Bulls.
In the sale catalog, which we have a direct link to below, they talk about the concept of hybrid vigor and the Lim-Flex hybrids. "With Lim- Flex hybrids, there are genetic options to fit every need, from fullblood and purebred Limousin for a "full-shot" of muscle and efficiency, to Lim-Flex hybrids for a "blendedshot" of Limousin with added marbling and maternal from Angus (black or red). With Lim-Flex, breeders can offer a just-right shot of Limousin to meet the needs of most any crossbreeding program." The sale will begin at noon at the Durant Livestock Auction with bulls
selling first followed immediately by females. Click here for the PDF download of the Select Bull Sale coming December 5th in Durant. | |
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 $8.25 per
bushel, while the 2010 New Crop contracts for Canola are now available are
$8.50 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: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: ron@oklahomafarmreport.com
phone: 405-473-6144
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