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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.
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:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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Ron Hays, Senior Farm Director and Editor
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Dave Lanning, Markets and Production
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, September 27, 2016
Crop Progress Shows Little Change From Previous Week, While Wheat Planting Underway
The latest U.S. Department of Agriculture crop progress report rates 74 percent of the US Corn Crop as being in good to excellent condition- unchanged from a week ago, 19 percent fair and 7 percent poor to very poor. Harvested corn reached 9 percent, 10 points below average. National soybean conditions remain unchanged from a week ago in the good to excellent ratings- still at 73 percent while soybeans are 20 percent fair and 7 percent poor to very poor. The national grain sorghum condition is unchanged from a week ago at 66 percent good to excellent, and still 28 percent fair and 6 percent poor to very poor, as well. Harvested sorghum reached 34 percent, 2 above the average. National cotton conditions are unchanged from last week in the good to excellent ratings- at 48 percent, 36 percent fair, 12 percent poor and 4 percent very poor. Harvested cotton reached 10 percent, on par with the average.
For the complete USDA Crop Progress report, click here.In the weekly crop progress report from USDA, Oklahoma corn dented reached 90 percent, down 8 points from the previous year and down 9 points from normal. Corn mature reached 74 percent, down 15 points from the previous year and down 18 points from normal. Corn harvested reached 50 percent, up 1 point from the previous year but down 8 points from normal. Sorghum coloring reached 95 percent, unchanged from the previous year but up 9 points from normal. Sorghum mature reached 60 percent, down 1 point from the previous year but up 6 points from normal. Sorghum harvested reached 32 percent, down 3 points from the previous year but up 4 points from normal. Soybeans setting pods reached 95 percent, unchanged from the previous year but up 2 points from normal. Soybeans dropping leaves reached 25 percent, up 2 points from the previous year and up 13 points from normal. Cotton bolls opening reached 58 percent, up 15 points from the previous year but unchanged from normal.Click here for the full Oklahoma report. In Texas, winter wheat seeding progressed well in areas of the Northern Low Plains due to recent rain showers while cotton bolls opened rapidly in the warm temperatures of the Southern High Plains and Northern Low Plains last week as cotton producers prepared for harvest. Corn harvest was 64 percent complete, 1 point higher than last week and 3 down from normal. Mature corn reached 76 percent, 6 points below normal. Sorghum harvest was 65 percent complete, 4 points higher than last week and equal normal. Across the state, sorghum was 79 percent mature, which is 2 points higher than the five-year average. Soybeans dropping leaves were at 84 percent, 6 points higher than normal. Cotton harvest was at 11 percent, 4 points lower than normal. Cotton bolls opened were at 49 percent, 8 points under the 5-year average.Click here for the full Texas report. Crop progress reports in Kansas, show winter wheat planted was 20 percent, equal to last year, and near the five-year average of 22. Emerged was 3 percent, equal to last year, and near 5 average. Corn condition rated 2 percent very poor, 7 poor, 26 fair, 54 good, and 11 excellent. Corn mature was 81 percent, equal to last year, and near 79 average. Harvested was 29 percent, behind 38 last year and 40 average. Soybean condition rated 1 percent very poor, 4 poor, 24 fair, 56 good, and 15 excellent. Soybeans dropping leaves was 34 percent, behind 45 last year and 48 average. Harvested was 2 percent, near 4 both last year and average. Sorghum condition rated 1 percent very poor, 3 poor, 21 fair, 59 good, and 16 excellent. Sorghum coloring was 96 percent, near 95 last year, and ahead of 85 average. Mature was 46 percent, behind 52 last year, but ahead of 32 average. Harvested was 10 percent, near 13 last year and 6 average. Cotton condition rated 1 percent very poor, 2 poor, 29 fair, 64 good, and 4 excellent. Cotton setting bolls was 94 percent, behind 99 last year, and near 98 average. Bolls opening was 39 percent, near 36 last year and 43 average. Harvested was 3 percent, equal to last year, and near 1 average. Click here for the Kansas report.
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|Court Upholds Retail Exemption to Process Safety Management Standard
The D.C. Circuit Court of Appeals on Friday ruled the Occupational Safety and Health Administration (OSHA) violated the Occupational Safety and Health (OSH) Act when it issued an enforcement memorandum on July 22, 2015, redefining the retail facility exemption to the Process Safety Management Standard. The court's action saves U.S. retailers in excess of $100 million in compliance costs.
"This administration has broadly and unjustly avoided proper procedure to construct and reinterpret myriad federal regulations without public input," said Daren Coppock, president and chief executive officer of the Agricultural Retailers Association (ARA). "The court's decision in this case affirms the importance of regulatory agencies following proper notice and comment rulemaking procedure."
ARA and The Fertilizer Institute (TFI) led the legal challenge. The organizations argued that the OSH Act requires the agency to adhere to notice-and-comment procedures in promulgating its new definition of retail facility. The court found that by narrowing the scope of the exemption for retail facilities, OSHA had in effect issued a formal standard, which must be subject to notice-and-comment procedures as spelled out in the APA.
"This is big news for farmers and fertilizer retailers. Retail fertilizer distributors should not be treated the same as fertilizer manufacturers. We are thankful the court has agreed. We also thank our Oklahoma congressman for supporting legislation reining in the department of labor in the excessive regulation," said Oklahoma Secretary of Agriculture Jim Reese.
"When government agencies are making rules that affect day-to-day farming operations, farmers should be invited to the table to have input on those decisions. At the same time, we in agriculture have a responsibility to come to the table with constructive solutions that can work for everyone. NCGA is committed to working with OSHA on how anhydrous ammonia and other technologies are regulated," said NCGA President Chip Bowling.
to read more from the National Corn Growers Association.
|Numbers Are Up as Latest Cattle on Feed Report Indicates More Cattle Moving Through Feedlots
Each week, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. This week, Dr. Peel analyzes the current state of the cattle market based on his reactions from the latest Cattle on Feed report.
"I traveled across much of western Oklahoma last week to see large amounts of wheat acres planted and a significant number of acres emerged. Last week, NASS estimated that Oklahoma wheat planted acreage was at 19 percent, up from one percent the week before and higher than the 11 percent five-year average for that date. A significant additional jump in planted and emerged wheat acreage is expected in this week's USDA Crop Progress report. Early planted wheat is more vulnerable to disease and pest challenges and some producers are already reporting problems with armyworms, which can quickly wipe out small wheat. Both producers and lenders are reporting lots of interest in wheat grazing as the best possibility for returns on wheat acres. Stocker cattle prices will likely strengthen some in the coming weeks as wheat pasture demand develops, perhaps a bit ahead of the bulk of the fall run of calves in late October and November.
"The September Cattle on Feed report showed on-feed inventories at 101.5 percent of last year. August placements were 115.1 percent of last year with marketings at 117.6 percent of one year ago. Placements and marketings were distorted by two extra days this August compared to 2015. Nevertheless, both placements and marketings were up year over year. While feedlots are clearly moving more cattle through, the on-feed total is not growing on a year over year basis as marketings outpaced placements in August. The strong pace of marketings is confirmed with August cattle slaughter up sharply year over year. Heifer slaughter outpaced steer slaughter in August, up 13 percent from last year (on an adjusted daily average basis) compared to steer slaughter up 5.4 percent year over year. For the balance of the year, steer slaughter is expected to moderate, still up but by a smaller amount on a year over year basis, while heifer slaughter will continue sharply higher compared to last year.
|U.S. Fish and Wildlife Service Takes Steps to Address ESA Deficiencies
The U.S. Fish and Wildlife Service released a final rule Monday that begins to address rampant abuse of the Endangered Species Act listing process. The rule limits petitions for new listings to one species and will require more substantive justification in order to file a petition for listing under the ESA. The National Cattlemen's Beef Association and the Public Lands Council applaud FWS for taking steps to address these serious shortcomings."We have been pushing for reforms to the broken ESA listing process for quite some time, and this final rule is a great step in the right direction," said Ethan Lane, NCBA federal Lands and PLC executive director. "Limiting petitions to one species at a time will provide some desperately needed focus, and notification to the states affected in a timely manner - even if only 30 days - is progress toward increasing local input into the process."The ESA, which is continuously abused by radical environmental groups, has a less than two percent recovery rate. Groups like the Center for Biological Diversity threaten litigation in order to force action on hundreds of species, without any regard for a recovery plan or actual species recovery. This continued abuse hampers real conservation efforts and species recovery by forcing arbitrary listing decisions that leave no time for sound research or science-based decisions."Serious groups from across the spectrum that are engaged in true conservation will applaud these changes," said Lane. "By the same token, the habitual high-volume ESA abusers will be pretty easy to spot by their opposition to the rule."
Midwest Farm Shows is our longest running sponsor of the daily email- and they say thanks to all of you who participated in their 2016 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2016- the dates are December 8th, 9th and 10th. Now is the ideal time to contact Ron Bormaster at 507-437-7969 and book space at the 2016 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
|Right to Farm Update- Tulsa State Fair Goers To Get Positive State Question 777 Message- Cherokee County Women Go Thumbs Down
Oklahoma Cattlemen's Association's
Ribeye Steak Sandwiches have become a staple at the Tulsa State Fair and a much anticipated treat for many fair attendees.
"Last year we sold 19,225 ribeye steak sandwiches in just 11 days," said Jeff Jaronek
, OCA Beef Tent Coordinator. "Priced at $8, our signature sandwich is a bargain. Besides that, it is a hearty and healthy meal packed with zinc, iron and protein. We hope to sell 20,000 ribeyes this year.
When this year's fair kicks off in a couple of days- those who buy a ribeye sandwich will also get a positive message on State Question 777- as the cattle group will once again use their Vote Yes wrapper for all of their sandwiches. Click here
to read more about this fair food favorite at the upcoming Tulsa State Fair.
Meanwhile, Democratic and Republican Women in Cherokee County have decided to agree on State Question 777- calling for its defeat in November.
Leaders of the two groups point to a presentation by a couple of board members of the group, Save the Illinois River
, convinced their groups to recommend a no vote in November. Click here to read the full story-
and to get more details about the resources you can access on both sides of the Right to Farm proposal.
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|Eggs, Dairy, Chicken and Beef Prices All Down in Farm Bureau's Fall Harvest Marketbasket Survey
Lower retail prices for several foods, including eggs, whole milk, cheddar cheese, chicken breast, sirloin tip roast and ground chuck resulted in a decrease in the American Farm Bureau Federation's Fall Harvest Marketbasket Survey.
The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $49.70, down $4.40 or 8 percent compared to a survey conducted a year ago. Of the 16 items surveyed, 13 decreased and three increased in average price.
Egg prices dropped significantly due to production recovering well from the 2014 avian influenza, according to John Newton, AFBF director, market intelligence. Milk prices are down substantially from prior years, particularly compared to record-highs in 2014, due to the current global dairy surplus.
"For all commodities in agriculture there is a lot of product on hand and prices are depressed," Newton explained.
to read more about the survey results and find a list of items that showed retail price decreases from a year ago.
|Oklahoma Tribes to Receive Portion of New Funding for Tribal Community Development From USDA
At the 8th Tribal Nations Conference hosted Monday by President Barack Obama in Washington, Agriculture Secretary Tom Vilsack underscored the Administration's support for tribal communities with $9 million in new funds to support community development and education. Since 2009, under Vilsack, the U.S. Department of Agriculture (USDA) has invested more than $3 billion in economic development efforts for Native Americans.
"Since day one of this Administration, USDA has been committed to a Department that works side by side with Tribal governments and individual American Indians and Alaska Natives," said Vilsack. "We have expanded investment in Native and Tribal community businesses, education, food security, housing, health care and infrastructure. Monday's announcement continues our efforts to promote economic development and job creation in Tribal communities for years to come."
Earlier Monday, President Obama kicked off the 2016 White House Tribal Nations Conference at the Andrew W. Mellon Auditorium in Washington. This event provides tribal leaders from the 567 federally recognized tribes with the opportunity to interact directly with high-level federal government officials and members of the White House Council on Native American Affairs. Each federally recognized tribe is invited to send one representative to the conference. This year's conference builds upon the President's commitment to strengthen the government-to-government relationship with Indian Country and to improve the lives of American Indians and Alaska Natives.
At the event, Vilsack made three significant funding announcements, one of which affects Oklahoma directly: $2.3 million in grants to 13 tribal organizations for agricultural and conservation training, outreach and technical assistance in 15 states, including Oklahoma. The grants are part of USDA's Outreach and Assistance for Socially Disadvantaged and Veteran Farmers and Ranchers Program, known as the 2501 Program. The grantees will leverage USDA funds along with partner funding, and serve tribal groups in Oklahoma, Alaska, Arizona, Colorado, Hawaii, Idaho, Michigan, Minnesota, Montana, New Mexico, Oregon, South Dakota, Utah, Washington, and Wisconsin.
Click here to read more about the conference and the other projects funded.
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