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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
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
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, October 18, 2016
Leading Ag Groups Challenge Dannon, Protest Environmentally-Damaging Move to Deselect GMOs
Leaders of the nation's top farming organizations joined together Monday in urging food companies to recognize that their sustainability goals, intended to reduce the use of natural resources, cannot be achieved without the use of modern agricultural practices, despite any misleading assertions to the contrary.This focus on deceptive food company marketing claims is in response to Dannon's recent pledge to eliminate the use of safe and proven crop technology to feed the dairy cows that supply milk for its yogurt products. Dannon is one of several prominent food manufacturers and retailers that in recent years has taken steps to eliminate genetically-modified ingredients from its supply, claiming that such a move improves the sustainability of its products.In a letter sent Monday to Mariano Lozano, head of Dannon's U.S. operations, the farm groups said that the company's strategy to eliminate GMOs "is the exact opposite of the sustainable agriculture that you claim to be seeking. Your pledge would force farmers to abandon safe, sustainable farming practices that have enhanced farm productivity over the last 20 years while greatly reducing the carbon footprint of American agriculture.""This is just marketing puffery, not any true innovation that improves the actual product offered to consumers," said Randy Mooney, chairman of the National Milk Producers Federation, and a dairy farmer from Rogersville, Missouri. "What's worse is that removing GMOs from the equation is harmful to the environment - the opposite of what these companies claim to be attempting to achieve."The letter was cosigned by the farmer leaders of the American Farm Bureau Federation, American Soybean Association, American Sugarbeet Growers Association, National Corn Growers Association, National Milk Producers Federation and U.S. Farmers and Ranchers Alliance. Collectively, the six organizations represent hundreds of thousands of farmers and food producers across the U.S.
Click here to continue reading more about efforts to encourage the use of GMOs in sustainability goals and find a link to the letter sent to Dannon.
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|Producers Take Advantage of Recent Moisture, Continue Seeding Small Grains
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- up 1 point from a week ago, 19 percent fair and 7 percent poor to very poor. Harvested corn reached 46 percent, 3 points below average. National soybean conditions remain unchanged from a week ago in the good to excellent ratings- resting at 74 percent while soybeans are 19 percent fair and 7 percent poor to very poor. Harvested sorghum reached 57 percent, 8 above the average. National cotton conditions are down 1 point from last week in the good to excellent ratings- at 47 percent, 36 percent fair, 13 percent poor and 4 percent very poor. Harvested cotton reached 30 percent, 3 points above the average. For the complete USDA Crop Progress report, click here .In the weekly crop progress report from USDA, Oklahoma winter wheat planted reached 78 percent, up 4 points from the previous year and up 4 points from normal. Winter wheat emerged reached 51 percent, up 7 points from the previous year and up 4 points from normal. Canola planted reached 81 percent, down 7 points from normal. Canola emerged reached 53 percent, up 2 points from the previous year but down 2 points from normal. Corn harvested reached 77 percent, down 2 points from the previous year and down 6 points from normal. Sorghum harvested reached 54 percent, down 2 points from the previous year but up 4 points from normal. Soybeans harvested reached 22 percent, unchanged from the previous year and unchanged from normal. Cotton bolls opening reached 85 percent, down 5 points from the previous year and down 2 points from normal. Cotton harvested reached 15 percent, up 11 points from the previous year and up 8 points from normal. Cotton condition was rated 95 percent fair to good.Click here for the full Oklahoma report.In Texas, winter wheat and oats seeding continues across the state, while producers can take advantage of recent moisture. Corn harvested is 80 percent complete, 4 points higher than last week and on point with normal. Mature corn reached 95 percent, 2 below normal. Sorghum harvest was 73 percent complete, 3 points higher than last week and just above normal by 1. Across the state, sorghum was 90 percent mature, which is 3 points above the five-year average. Soybeans dropping leaves were at 90 percent, 2 points below normal. Cotton harvest was at 22 percent, just under normal by 2 points. Cotton bolls opened were at 84 percent, 1 point under the 5-year average.Click here for the full Texas report.Crop progress reports in Kansas, show winter wheat planted was 73 percent, behind 78 last year and the five-year average of 79. Emerged was 47 percent, near 46 last year and 51 average. Corn harvested was 76 percent, behind 82 last year, but near 74 average. Soybean condition rated 1 percent very poor, 4 poor, 24 fair, 55 good, and 16 excellent. Harvested was 27 percent, behind 45 both last year and average. Sorghum condition rated 1 percent very poor, 3 poor, 21 fair, 59 good, and 16 excellent. Harvested was 43 percent, behind 48 last year, but ahead of 30 average. Cotton condition rated 1 percent very poor, 3 poor, 28 fair, 64 good, and 4 excellent. Cotton bolls opening was 75 percent, ahead of 65 last year, but near 77 average. Harvested was 7 percent, near 10 last year and 5 average.Click here for the full Kansas report.
|Certified Angus Beef - The Marketing Idea that Became the Gold Standard of Branded Beef
As the Angus and beef communities celebrate Certified Angus Beef's 39th year in operation, they are also celebrating the unprecedented achievement of selling 1 billion pounds worldwide this year. I recently met with CAB's current chairman and Oklahoma native, John Pfeiffer, to get a little perspective on this great accomplishment."The initial starting of CAB was by the American Angus Association and they realized that at that time there had been a change in the Choice grade," Pfeiffer said. "The eating experience that people were getting out of the Choice grade was not the same quality or same satisfaction it had been in the past. And we realized there was a place for premium beef."The American Angus Association worked with different professors from Ohio State, Kansas State and Oklahoma State Universities to develop criteria that would qualify beef products to be labeled under the CAB brand. "The interesting thing about it is, Certified Angus Beef has never owned any cattle, they don't own a packing plant," Pfeiffer said. "What they own is a marketing idea that they continue to push and we've never actually owned any of the meat."Listen to CAB Chairman John Pfeiffer talk about the label that has become the gold standard of beef products during the latest Beef Buzz.
You can also listen to the entire interview on my Perspective Podcast, by clicking here.
|Wheat Farmers Participate in USDA Programs That Boost Farm Export Value and Job Creation
Agricultural export market development programs funded through the Farm Bill have contributed an average of $8.2 billion per year, a total of more than $309 billion, to farm export revenue between 1977 and 2014 according to a new study conducted by noted land grant university economists.
"In other words, these programs have accounted for 15 percent of all the revenue generated by exports for U.S. agriculture over that time. To me, such a positive result is just stunning," said Dr. Gary Williams, professor of agricultural economics and co-director of the Agribusiness, Food, and Consumer Economics Research Center at Texas A & M University, who led the study.
The study examined the effectiveness of USDA's Market Access Program (MAP) and the Foreign Market Development (FMD) program. They are part of a public-private partnership that provides competitive grants for export development and promotion activities to non-profit farm and ranch organizations that contribute funds from checkoff programs and industry support.
Click here to continue reading about the impact MAP and the FMD program have had on US agricultural exports.
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.
|Latest USDA Estimates Indicate World Beef Markets and Trade Expected to Grow in 2017
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 breaks down the latest global meat trade estimates from the USDA Foreign Agricultural Service and the effects it will have on growth in the beef market for the coming year.
"The latest global meat trade estimates from the USDA Foreign Agricultural Service indicate that beef production and consumption among major beef countries is growing in 2016 and is projected to grow additionally in 2017. Aside from the U.S., the world's largest beef producing and consuming country where both production and consumption are increasing, beef production is expanding in several major beef producing countries. Brazil, which saw decreased beef production in 2015 and 2016, is projected to increase production in 2017. Beef production is also expected to increase in China, India and Argentina with the European Union (EU) holding about steady. Australia is an exception, with drought forced liquidation in 2014 and 2015 leading to a projected 19 percent beef production decrease in 2016 and continued smaller production in 2017.
"In addition to the U.S., beef consumption among major beef consuming nations is projected to expand in 2017 in China and Brazil, with a modest year over year decrease in the EU. In the remaining top ten beef consuming nations, beef consumption in 2017 is projected to expand in Argentina, India, Mexico, Pakistan and Turkey. Russia is expected to post another decrease following reduced beef consumption in 2015 and 2016. Beef consumption in Japan, which is currently the number eleven beef consuming nation, is projected to hold steady in 2017.
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|Oklahoma's Vanessa Wiebe Recounts Her Experiences That Led Her to Pursue National FFA Office
For most FFA students, the National FFA Convention will take place later this week, but for those competing for National FFA office like,Vanessa Wiebe of Hooker, Oklahoma - things are already in road gear.
I'm covering the convention this week on location in Indianapolis and had the opportunity to speak with Vanessa before things got underway. Vanessa will begin the process, participating in a series of interviews throughout the first half of the week, after which, the number of candidates are narrowed to roughly 20 members. Only six of these 20 will hear their names called this coming Saturday and will spend the next year serving the National FFA Organization and its members.For Vanessa, her journey with FFA started before she was ever old enough to participate, watching her older siblings go through the program. When it was her turn though, it was love at first sight she says."That very first day in 8th grade walking into my ag class I knew I was home," Vanessa said. "My ag teacher sat down with me and we started mapping out what I wanted to do and from right then my love for agriculture just took off."Listen to my full conversation with Oklahoma FFA National Officer Candidate Vanessa Wiebe, as she competes for her place on the National FFA Officer team.
Our coverage of the National FFA Convention is a service of ITC, your Energy Superhighway
, the Oklahoma FFA Association and the Oklahoma FFA Alumni Association.
|Oklahoma School Land Lease Auctions Continue Today in the Panhandle
The 34th annual School Land Trust lease auctions got underway yesterday in Beaver County and conclude November 1, 2016 in Shawnee. This year's fall lease auctions will include a total of 574 tracts in 30 counties."Each October, state school land is leased for agricultural farming and grazing, as well as for recreational use" said Harry Birdwell, Secretary of the Commissioners of the Land Office. "Some leases are suitable for agricultural use and others are ideal for hunting, fishing or other personal enjoyment uses."All leases are for a term of five years. Minimum bids are listed for each tract. Detailed lists are available from the Land Office at (405) 521-4000 or 1-888-35-LANDS. The information is also available on line by clicking here.This morning, Cimarron County leases will be offered at 9:00 a.m. at the Cimarron County Fairgrounds, and bidding for Texas County leases begins this afternoon at 2:00 p.m. at the Texas County Fairgrounds in Guymon.Leases in Harper, Ellis, Woodward, Major and Woods counties will be offered tomorrow, October 19th, at 10:00 a.m. at the High Plains Vo-Tech in Woodward.
|Latest 777 Notes: Get on Tap Event Planned for Tulsa and Tahlequah City Council Passes Thumbs Down Resolution
The Oklahoma Farm Bureau is hosting another of their Get on Tap with SQ777 this coming Thursday evening in downtown Tulsa at James E McNellies, 409 East First Street. The Facebook invite says "Get your questions answered this Thursday at the Get on Tap with 777 event while enjoying free drinks & appetizers. Be sure to invite your friends!"
The Pro Side educational event is set for 5:30 to 7:30 PM this Thursday, October 20th.
It should not surprise anyone that the city of Tahlequah has decided to go on the record in opposition to SQ777. Ed Brocksmith, the founder of STIR(Save the Illinois River), emailed us with details of the vote that occurred last night- Brocksmith says the city council vote was unanimous.
Brocksmith writes "Speaking in support of the resolution, Save the Illinois River President Denise Deason-Toyne said SQ 777's language that a compelling state interest is needed to regulate agricultural practices would have "an enormous impact on our water." "It would become impossible for this body to limit nitrates in the watershed."
"A local veterinarian spoke in favor of SQ 777 saying he didn't believe it was the city's place to urge opposition to the November ballot issue. "PETA is constantly coming at us (production agriculture) Dr. Kyle Rozell said."
Ed did give us the quote of the day as one resident spoke to the City Council and claimed that "Big Ag" would ruin Tahlequah's drinking water if SQ777 is passed saying "I don't want to drink chicken manure."
Maybe it's time to read the ballot language again- we have prepared a resource page with a lot of background on SQ777, including a link to what voters will see on Election Day, an excellent analysis on the State Question as prepared by OSU Ag Economists Shannon Ferrell and Larry Sanders
and more- click here
to go do your own due diligence on Right to Farm.
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