|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!
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:
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
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, October 25, 2016
Why Paralyzed Cattle Markets are Causing Calves to be Undervalued at the Sale Barn
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 explains how feedlot preferences are affecting the price of cattle, given the current market situation.
"Feeder cattle prices to a large degree reflect feedlot choices as they evaluate the tradeoffs between purchasing lighter or heavier feeder cattle. When feeder cattle markets are in "balance," prices for lighter weight feeder cattle adjust to account for the cost of gain to put the additional weight on those cattle such that feedlots are relatively indifferent to buying feeder cattle of various weights. This is what we observe on average most of the time. Sometimes, anomalies will develop in feeder markets which create different incentives for producers.
"Such is the case this fall. For example, steers with an average weight of 826 pounds (medium/large number 1 at the seven federally reported auctions in Oklahoma) had an average price of $121.59/cwt. last week (October 21, 2016). Given that price, and assuming that feedlot cost of gain is $0.70/pound, feedlots could pay as much as $141/cwt. for a 600 pound steer. However, the average price for 600 pound steers last week in Oklahoma was $119.78/cwt. In fact, the price of 550-600 pound steers was less per pound than all heavier animals up to 850 pounds. There was less than $2/cwt. difference in prices for steers from 600 to 850 pounds. It is very clear that feedlots are placing a large risk premium against lighter feeder cattle. It could be that feedlots simply don't want lighter weight cattle because there is an ample supply of heavy feeder which they often prefer to feed. However, the year over year decrease in September feedlot placements and the fact that feedlot inventories are barely one percent above last year despite the fact that there lots more feeder cattle would suggest that feedlots are not attempting to grow feedlot numbers very fast.
to continue reading Dr. Peel's latest cattle market analysis.
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|Marketing Chain Still Adjusting to Huge Increases in Beef Production
The cattle market has had its challenges for some time now. A fact that has been refreshed in the minds of producers lately as fedcattleexchange.com has reported prices hitting roughly $98/cwt over the last couple weeks. Frankly, that is a line we had hoped not to cross any time soon. I spoke with Jim Robb of the Livestock Market Information Center about how far we've already fallen in the cattle market and about how much further he thinks there is to go."Difficult to tell," Robb said. "It's always difficult to call a bottom whether we're looking at the futures market or the cash market."Robb says prices are softer, but he insists there is more to the story. He says looking at the past week, beef production was up 25 million pounds from the same week a year ago."Which doesn't seem like a whole lot," Robb said. "But if we look back over total red meat and poultry over the last five weeks, it's averaged up 54 million pounds every week above a year ago."The difficulty here has been the whole marketing chain adjusting to this huge increase in beef production, says Robb, extending all the way through to the grocery stores and restaurants. Robb suggests it takes some time for this adjustment to work its way through completely and believes it is not quite there yet.According to the latest Cattle on Feed report, the numbers show fewer placement, bigger marketings and roughly the same number of cattle on feed as of October 1 of this year, compared to last year.Listen to Jim Robb talk about where the cattle market stands during the latest Beef Buzz.
|Midwest Region Harvest Remains in Full Swing Amid Above Normal Temps and Little Precipitation
The latest U.S. Department of Agriculture crop progress report indicates harvested corn reached 61 percent, 1 point below average. National soybean harvest reached 76 percent, 8 points below last year and on par with the average. Harvested sorghum reached 67 percent, 9 above the average. National cotton conditions are up 1 point 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 39 percent, 2 points above the average. Winter wheat conditions are rated 59 percent good to excellent, 34 percent fair, 6 percent poor and 1 percent very poor. Winter wheat emerged reached 60 percent, 2 above last year and the average. For the complete USDA Crop Progress report, click here.In the weekly crop progress report from USDA, Oklahoma winter wheat planted reached 83 percent, down 3 points from normal. Winter wheat emerged reached 64 percent, up 6 points from the previous year and up 2 points from normal. Canola planted reached 89 percent, down 3 points from the previous year and down 7 points from normal. Canola emerged reached 65 percent, up 1 point from the previous year. Corn harvested reached 82 percent, down 4 points from the previous year and down 7 points from normal. Sorghum mature reached 97 percent, up 1 point from the previous year and up 9 points from normal. Sorghum harvested reached 63 percent, down 1 point from the previous year but up 5 points from normal. Soybeans dropping leaves reached 78 percent, up 6 points from the previous year and up 46 points from normal. Soybeans harvested reached 31 percent, down 1 point from the previous year. Cotton bolls opening reached 91 percent, down 4 points from the previous year. Cotton harvested reached 29 percent, up 13 points from the previous year and up 13 points from normal.Click here for the full Oklahoma report.In Texas, cotton harvest continues across the state with many fields defoliated and ready for picking. Corn, sorghum and soybean harvest remains in full swing. Corn harvested is 85 percent complete, 5 points higher than last week and on point with normal. Sorghum harvest was 78 percent complete, 5 points higher than last week and above normal by 3. Across the state, sorghum was 93 percent mature, which is 2 points above the five-year average. Soybeans dropping leaves were at 95 percent, on par with normal. Cotton harvest was at 28 percent, trailing normal by 3 points. Cotton bolls opened were at 90 percent, 1 point above the 5-year average.Click here for the full Texas report.Crop progress reports in Kansas, show winter wheat condition rated 1 percent very poor, 7 poor, 31 fair, 50 good, and 11 excellent. Winter wheat planted was 84 percent, near 88 last year, and behind the five-year average of 89. Emerged was 63 percent, near 62 last year and 66 average. Corn harvested was 87 percent, near 89 last year and 83 average. Soybean condition rated 1 percent very poor, 4 poor, 23 fair, 55 good, and 17 excellent. Soybeans dropping leaves was 95 percent, near 96 both last year and average. Harvested was 53 percent, behind 65 last year and 62 average. Sorghum condition rated 1 percent very poor, 3 poor, 22 fair, 58 good, and 16 excellent. Sorghum mature was 95 percent, equal to last year, but ahead of 88 average. Harvested was 56 percent, behind 62 last year, but ahead of 43 average. Cotton condition rated 1 percent very poor, 3 poor, 28 fair, 64 good, and 4 excellent. Cotton bolls opening was 83 percent, ahead of 74 last year, but near 84 average. Harvested was 8 percent, near 12 last year and 9 average.Click here for the full Kansas report.
|Oklahoma FFA Steps Up and Challenges the Big Dawgs in Agriscience at 2016 National Convention
As we sort through the results of the 2016 National FFA Convention- we are starting to see Oklahoma challenge the established top tier of states that consistently have national winners in several of the six categories.
There are a total of 24 national winners- based on the 6 categories and a junior and senior individual and team winners.
Twelve of the winners are individuals and 12 are teams. A year ago- Oklahoma had one national team winner
at the Agriscience Fair held in the Career Show area of the National Convention. This year- Oklahoma has a total of three national team winners
- the same number as Texas and only bested by Georgia with four national team winners. That means these three states have 10 of the 12 national winners!
Oklahoma's national teams included William Clune and Bryant Hague
of Edmond winning the Junior Division in Animal Systems, while Jentry Squires and Harrison Themer
of Kingfisher won the Junior Division in the Plant Systems contest.
In the Senior Division- we have one national winner- Shae Grooms and Lauren Lacy
of Edmond brought home a national title in the Social Systems category- here they stand in front of their summary board as they waited to talk to the judges about their prohject:
You can see the full set of National FFA Agriscience winners for 2016 by clicking here
Our exclusive coverage of the 89th annual National FFA Convention in Indianapolis has been a service of ITC, Your Energy Superhighway. Learn more about ITC Great Plains, LLC by clicking here
. We also appreciate the support of the Oklahoma FFA Association and the Oklahoma FFA Alumni Association. Click here
for more information about one of the top states in the US in the FFA- the Oklahoma FFA Association. Oklahoma FFA impacts the lives of 27,154 members in 357 chapters across the state.
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.
|Animal Ag Alliance "Extremely Alarmed" by Animal Rights Activist Organization's Unlawful Activity
The Animal Agriculture Alliance is extremely alarmed by the recent actions of Direct Action Everywhere, a radical animal rights group. Last week, Direct Action Everywhere released video footage that it claims was obtained during "stealth visits" to a California egg farm. Activists entered barns several times in late September and early October, mostly at night. Direct Action Everywhere's founder, Wayne Hsiung, stated in a media interview that the group did not seek permission to enter the farm, but felt they had the right to enter the property because they suspected animal cruelty.
This complete disregard for private property as well as the safety of animals is deeply concerning, and Direct Action Everywhere cannot be allowed to continue to operate in this manner. The organization is clearly willing to take extreme, dangerous measures to further its mission of "trying to destroy animal agriculture" (as stated by Hsiung at the 2016 Animal Rights National Conference). The Alliance urges law enforcement and policymakers to take a strong stance against this illegal activity. Every state has animal cruelty laws in place, and any concerns about animal care should be reported to local law enforcement - not "investigated" by extremists with an obvious agenda.
In addition to blatantly violating the law, unauthorized visitors on farms present serious threats to the health and safety of livestock and poultry. "Biosecurity" refers to measures taken to reduce the chances of infectious diseases being introduced to farms by people, animals, equipment or vehicles. Activists breaking into and entering farms flies in the face of every principle of biosecurity and violates common USDA-recommended practices such as not allowing visitors near livestock or poultry unless absolutely necessary, making sure they have clean footwear and clothes and requiring visitors to shower-in and shower-out of barns.
about Direct Action Everywhere's recent unlawful visit to a California egg farm.
|Humane Society Dumps Workers as They Plow Money into State Initiatives
Humane Watch is a group that says their mission is to "keep a watchful eye on the Humane Society of the US" and their latest post says that funds may be getting tight at the HSUS:
"In what could be termed "Bloody Friday," we learned late last week that HSUS has laid off 55 employees in the middle of a major fundraising shortfall. Our understanding is that the figure is at least $20 million.
"It sounds to us like a lot of charitable donors are wising up and figuring out that the HSUS ads they see aren't aligned with how HSUS spends their money (only about 1% is given to pet shelters to help them care for animals)."
The post adds that
"Here's what has to be a real slap in the face to HSUS staff: Not only were six-figure-salary executives retained (and there are dozens of those around) while a lot of little fish got flushed, but HSUS has parked about $150 million into offshore funds. Apparently Wayne Pacelle, Mike Markarian, and other HSUS bigwigs weren't willing to dip into those accounts supplied by donor contributions to keep those 55 staffers employed."
These employees are now gone even as Pacelle and the HSUS are putting big bucks into Massachusetts and Oklahoma in an effort to advance an anti- animal agriculture agenda through the ballot box.
Click here for the full post and a chance to read other recent posts from their website as they keep their eyes on HSUS.
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|National Research Project Receives Historic Funding to Advance DNA Fingerprint System in Pecans
Six national institutions have become the first multistate and multidisciplinary study to receive funding specifically to work on pecans.
Researchers at The Samuel Roberts Noble Foundation, New Mexico State University, U.S. Department of Agriculture Agricultural Research Service (USDA ARS), University of Georgia, University of Arizona and the HudsonAlpha Institute for Biotechnology, recently received a five-year, $4.3 million grant from the National Institute of Food and Agriculture (NIFA).
"The potential outcomes of this research are huge for the pecan industry," said Charles Rohla, Ph.D., Noble Foundation Center for Pecan and Specialty Agriculture manager. "This research effort shows the significant strides made toward more collaborative work with research and organizations in the industry."
The grant will enable researchers to develop resources that can be used to identify genetic elements in pecan that control various traits, such as disease resistance, drought tolerance and nut quality.
Click here to read more about the study and its impact on the pecan industry.
|Two Oklahoma School Land Trust Lease Auctions Remain This Week
The 34th annual School Land Trust lease auctions began October 17 in Beaver County and will conclude November 1 in Shawnee. This year's fall lease auctions will include a total of 574 tracts in 30 counties.
Here are the details for this week's remaining auctions:
Alfalfa, Blaine, Garfield, Grant, Kay and Kingfisher Counties Auction
Garfield County Fairgrounds
October 25, 2016
Comanche, Cotton, Jackson and Tillman Counties Auction
Great Plains Technology Center
October 26, 2016
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