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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!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
From Earlier this week- here are the links to some of the major auction barns and their reports from this week- we have saved the actual reports in this report on our website for archive purposes:
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures- click or tap here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Futures Wrap:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Kane Kinion, Web and Email Editorial Assistant
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, October 18, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
According to the Federal Reserve Bank of Kansas City's quarterly Agricultural Credit Survey, compiled by Nathan Kauffman, Vice President and Omaha Branch Executive and Ty Kreitman, Assistant Economist, growth in farm lending activity slowed in the third quarter of 2019. Following nine consecutive quarters of year-over-year growth and a particularly notable increase a year ago, the volume of total non-real estate farm debt declined nearer to the historical third-quarter average. The primary contributor to the slowdown from sharp increases a year ago was a decline in the average size of farm operating loans. Despite a slowdown in the pace of debt accumulation, weaknesses in the sector persisted, continuing to pressure farm cash flows and agricultural credit conditions.
A decrease in the volume of farm operating loans drove the slowdown in non-real estate lending relative to a year ago. Following sharp increases in 2018, loans used to finance current operating expenses declined in the third quarter, returning to the prior 20-year average. Feeder livestock and farm machinery loans also were lower and made up the remaining share of the decline in non-real estate lending, while loans for other livestock increased.
Click here to review the complete report from the Federal Reserve Bank of Kansas City.
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Sponsor Spotlight
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
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In his weekly visit with SUNUP host Dave Deken this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson talks about the wheat prices now and in the future.
"There is a possibility that we are going to get higher prices," Anderson said. "Last week it popped through that $4.10/bu resistance, and went up and took out $4.20/bu."
Anderson says he thinks that $4.20/bu mark was a critical point to get to. He says the market held above that mark this week. He thinks the market may be able to get up to $4.30/bu to $4.40/bu. However, if the market goes back down below $4.20/bu, the $4.00/bu low could be challenged.
"The news right now, is mostly in spring wheat production in the Northern U.S. and Canada," he said. "The excess rains along with freezes and snows, is reducing the quantity and quality of those products. That is going to reduce the protein around the world."
You can watch this week's episode of SUNUP this weekend or you can listen to the conversation now, by clicking here.
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The American Farm Bureau Federation supports the Seeding Rural Resilience Act sponsored by Sens. Jon Tester (D-Mont.) and Chuck Grassley (R-Iowa), which is designed to help farmers respond to stress and decrease the stigma associated with mental health care in rural communities.
"Farmers and ranchers are some of the most resilient people you will ever meet," said AFBF President Zippy Duvall. "But times are tough on the farm, and with challenges from weather, trade and low commodity prices, it can definitely wear down the resiliency of farmers. AFBF commends Senators Tester and Grassley for introducing the Seeding Rural Resilience Act, which will be instrumental in bringing mental health resources and awareness to rural communities."
AFBF is committed to raising awareness about the benefits of seeking support and how to recognize the signs that someone needs help.
According to a Morning Consult research poll commissioned by AFBF in April 2019, a strong majority of farmers and farmworkers say financial issues (91%), farm or business problems (88%) and fear of losing the farm (87%) impact the mental health of farmers and ranchers, and nearly half of rural adults (48%) say they are personally experiencing more mental health challenges than they were a year ago.
Click here to read more from AFBF regarding the Seeding Rural Resilience Act.
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U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry, today held a hearing to hear from USDA Deputy Secretary Stephen Censky regarding implementation of the 2018 Farm Bill.
"This hearing continues our bipartisan work together. Yes, Republicans and Democrats, Congress, and the Administration, are working together to ensure that these programs operate as we intended and that changes are implemented timely and in the most farmer-friendly manner possible," said Chairman Roberts. "This year, the Committee has held several Farm Bill hearings, including an initial overview eight months ago with Secretary Sonny Perdue."
"For many producers, this growing season has been far from easy. During planting season, growers experienced an historic, wet spring, which delayed plantings in many parts of the country. Others have acres that were completely prevented from being planted and are still recovering from floods.
"The 2018 Farm Bill provides important risk management tools, such as crop insurance, to mitigate the risks and losses from these unpredictable weather-related events. These challenges again highlight the need for certainty and predictability on domestic farm policy, provided by timely and farmer-friendly implementation of the Agriculture Improvement Act of 2018. And, that is what today's hearing is about."
You can watch the hearing with the USDA, by clicking or tapping here.
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Sponsor Spotlight
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.
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Dr. Janeen Salak-Johnson currently serves as part of the Oklahoma State University Animal Science faculty as the Temple Grandin Professorship in Animal Behavior and Well-being. She believes up until now, the beef industry has managed to stay off the radar for the most part when it comes to animal wellbeing or animal welfare issues. But, in a recent interview with me, she asserted that the day is coming when the beef industry will fall under the same scrutiny as other species and argues that stakeholders need to proactively prepare for this eventuality.
"I think because they are raising cattle for the most part out on the pasture that we have made the assumption that they really aren't on the radar screen - but it's coming," she said. "I think all species are going to be under scrutiny by the activists and I think what producers think is important versus what consumers want - those things aren't aligned right now."
Citing the most recent National Beef Quality Audit report, Salak-Johnson says today's consumers demand to know where their food is coming from and how it is raised and produced. Furthermore, they want to know that livestock for food production are raised with a quality of life and are treated with a high-level of welfare. The challenge here, she contends, is not necessarily with the consumers but rather the producers who ignore the changing sentiment among their consumer base. She argues that if producers continue to ignore consumer demands and attempt to remain independent and out-of-sight/out-of-mind, then they will eventually become subject to the mandate of outsiders telling them how to run their operations.
You can listen to the entire conversation between Salak-Johnson and I on Thursday's Beef Buzz - click here.
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The Association of Equipment Manufacturers (AEM) and the Committee for European Construction Equipment (CECE) released a joint statement today calling on American and European government leaders to negotiate towards a friendlier trade environment. After the recent WTO ruling on Airbus, the United States announced tariffs on $7.5 million of European goods, including certain types of construction equipment, and the EU may do the same.
"Equipment manufacturers in the United States are proud to stand with our European partners in calling on U.S. and EU policymakers to reaffirm their commitment to a strong transatlantic relationship," said Kip Eideberg, AEM Senior Vice President of Government and Industry Affairs while attending the CECE 2019 Summit in Brussels. "Our partnership has brought considerable benefits to workers, consumers, and businesses of all sizes on both sides of the Atlantic."
You can read more from the joint statement, by jumping over to our website.
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According to Glenn Selk in his latest article penned for this week's edition of the "Cow/Calf Corner" newsletter. Selk explains how the quality of your hay can affect your supplementation strategy.
"Cattle producers in many areas of Oklahoma have been fortunate this summer to receive timely rains," Selk said. "Many big round bales of hay have been stored for winter feeding. Meeting the supplemental protein needs for the cows and replacement heifers consuming that forage must be done properly and economically."
Selk says higher quality forages are easier to digest in the rumen and they have a higher rate of passage through the tract of the cow, than their counterparts.
Click here to read more from Selk on Forage Quality.
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AND Finally- From the World Food Prize Celebration in Des Moines- Check Out a Panel Discussion on Science and Feeding the World
A panel discussion that has come out of the World Food Prize celebration in Des Moines, Iowa this week caught our attention- and I thought we might share it with you- it features this year's winner of the Borlaug Communications Award- Dr. Frank Mitloehner of the University of California-Davis.
The panel of this year's winner and four previous winners discuss fact versus fiction when it comes to communicating science to the masses.
It's a YouTube released by CAST- but it is audio only- click on the play button in the video box here to take a listen- some interesting stuff to check out for sure.
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| | Filtering Fiction from Fact: The Future State of Science Communication |
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork Council, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Ag Mediation Program, Inc., the Oklahoma Cattlemens Association 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- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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