Subject: Oklahoma's Farm News Update
From: Ron Hays <>
Date: 11/11/2016 7:05 AM

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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!  
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 futuresclick here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

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

Presented by

Okla Farm Bureau  
Your Update from Ron Hays of RON
   Friday, November 11, 2016
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
VeteransFeatured Story:
Veterans Day- We Remember

In the USA, Veterans Day annually falls on November 11. This day is the anniversary of the signing of the armistice, which ended the World War I hostilities between the Allied nations and Germany in 1918.

On the 11th hour of the 11th day of the 11th month of 1918 an armistice between Germany and the Allied nations came into effect. On November 11, 1919, Armistice Day was commemorated for the first time. In 1919, President Wilson proclaimed the day should be "filled with solemn pride in the heroism of those who died in the country's service and with gratitude for the victory". There were plans for parades, public meetings and a brief suspension of business activities at 11am.

Veterans day is one of those "in between" market days where Uncle Sam is off- but most markets choose to remain open. The bond market will be closed on Friday, Veterans Day, but the New York Stock Exchange and the Nasdaq will be open with normal hoursMarkets for currencies and commodities will be open as well. But Veterans Day is a federal holiday, so government offices, including the post office, and banks will be closed.

As for us- we are thankful for those who have served- both those who gave their lives for our freedom, as well as those who served and returned home to their family and friends.

Here's a suggestion for a 2016 style Veterans Day observance- set the timer on your smartphone for 11 AM- and when it goes off- pray for a moment and thank God for those who have served and the freedom he allows us to live under in these United States of America.

Sponsor Spotlight
It's great to welcome the Livestock Exchange at the Oklahoma National Stockyards as a new sponsor for our daily email.  The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them.  They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear. 

StressTestStress Test on Working Capital in Agriculture Shows Problems

Financial stress in the farm sector is continuing to make a slow and steady climb. The stress continued to rise in the third quarter as income in the farm sector stayed low. The Federal Reserve Bank of Kansas City's Ag Credit Survey says producers are expending more working capital to meet financial obligations because of continued weakness in both the crop and livestock sectors of the ag economy. 

Over 90 percent of bankers who responded to the survey said they've seen at least some deterioration in working capital their clients have available. 30 percent of bankers responded by reporting a significant level of deterioration in working capital for their clients. Working capital is important buffer against financial challenges, and less capital means more borrowers run the risk of becoming highly leveraged while trying to sustain their operations. Weakness in the farm economy also led to a decline in farmland values. 

The value of each type of farmland, including irrigated, non-irrigated, and ranchland, fell more than 6 percent from last year.  Bankers also report increasing collateral requirements for agricultural loans, as well as declining available funds and farm loan repayment rates.
AndersonSUNUPKim Anderson Sees Good News for Wheat Inside Latest WASDE Report

Oklahoma State University Extension Grain Marketing Economist Dr. Kim Anderson says he has unearthed some good news from the latest WASDE report from USDA that was released on Wednesday midday. Anderson told Dave Deken on this week's SUNUP that wheat prices may have bottomed.

Anderson points to the USDA analysts raising expected wheat prices by a nickel to an average of $3.70. He says that tells him that they believe that wheat prices may have bottomed and that a little bit of upside may be coming in the wheat market. Deken also asks Dr.Anderson for a 2017 harvest price- and he is looking for a 2017 harvest season price around $3.75 a bushel- still at least fifty cents under the cost of production for many Oklahoma wheat producers.

Click here to listen to Kim and Dave discuss the status of our wheat marketplace- and you can also take a look at what will be seen on this weekend's SUNUP on OETA.

AcresSwapMidwest Farmers May Be Trading Corn Acres for Soybeans in 2017

Some experts are predicting more soybeans and less corn will go in the ground during the 2017 planting season. The extent of the acreage switch will be determined in part by crop demand for those commodities in the new year. Producers saw an unusually good planting window in 2016, but a return to more normal planting conditions is likely for 2017. 

 "We'll go back to more typical conditions and more prevent plant in line with a typical year," said Pat Westhoff, Director of the Food and Ag Policy Research Institute at the University of Missouri. Farmer liquidity will also determine how many corn acres make the switch to soybeans in 2017. "I expect more of a shift next year because we're running out of liquidity," said Ag Economist Gary Schnitkey at the University of Illinois. "The profitability of soybeans is projected higher and has lower costs, so this will move us toward soybeans." 

 Schnitkey also says lower wheat prices will likely lead some eastern Corn Belt producers to switch from wheat to soybeans next year. Talk of farmers cutting back on technology and traits next year probably doesn't happen in soybeans because of increasing resistance in weeds like Waterhemp.

Sponsor Spotlight

We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.

Click here to go to their AFR website to learn more about their efforts to serve rural America!

EPASaysYesEPA Approves Low Volume Dicamba XtendiMax Herbicide

Monsanto's new dicamba-based weed killers were approved for use this week by the Environmental Protection Agency. The weed killers are designed for use on next generation biotech soybean and cotton varieties. EPA approved the XtendiMax herbicide for in-crop use on Roundup Ready 2 Xtend biotech soybeans, which are designed to tolerate applications of glyphosate and dicamba. 

The agency also approved Bollgard 2 XtendFlex Cotton, which will also tolerate glyphosate and dicamba as well as glufosinate. 

 Monsanto is still waiting for EPA approval on its Roundup Extend herbicide, which is also a glyphosate and dicamba blend. Farmers have been using dicamba for years to kill weeds before they plant crops. Up until this week, farmers haven't been able to use the product on growing crops. 

 Environmental groups were not happy with the approval. The Center for Biological Diversity says the ruling will lead to a sharp increase in pesticide use with the potential for harming threatened animal and plant species. Monsanto says the Xtend product platform will be its largest technology launch in history. The company expects that soybean variety will be planted on 15 million acres next year.

To learn more about the decision by the EPA, click here.

Want to Have the Latest Energy News Delivered to Your Inbox Daily?

Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.


 FallLeafRustFall Leaf Rust Showing Up in Oklahoma Wheat- Bob Hunger Says No Spraying Needed Now

On a periodic basis- OSU Extension wheat pathologist Dr. Bob Hunger provides updates on disease issues with our wheat crop. This is his first report for the 2017 winter wheat crop:

"Fall 2016 has been mild/warm and relatively dry. Because of the dryness, fall foliar diseases should be relatively sparse, but some areas have received sufficient rain or had sufficient dews to favor development of wheat foliar diseases. The variety found with leaf rust in Stillwater  is Jagalene, which is highly susceptible to both leaf and stripe rust (I could find no stripe rust).

"I am not a proponent of spraying in the fall to control fall foliar diseases such as leaf rust because leaf rust development slows and stops once we get to winter temperatures in late November-January (basically <60 F). Typically the lower/older leaves with leaf rust pustules die, but the youngest leaves are green and healthy. Grazing helps to remove leaf rust infections, is not harmful to cattle, and also "opens" the canopy so there is increased air circulation and drying that are less favorable to development of leaf rust. Given these considerations, spraying to control leaf rust in the fall typically is not necessary. The primary concern with fall leaf rust is that with a mild winter and sufficient moisture, the rust will survive through the winter and inoculum will be present in fields to start the disease early in the spring. Hence, monitoring of fields through the late winter and early next spring is recommended to see if application of a fungicide to control rust is indicated in the early spring."

Read more from Dr. Hunger by clicking here.

KCToOKCWe Start in Kansas City- then Moving On to OKC and 75th Annual Meeting of the Oklahoma Farm Bureau

We are starting this morning in Kansas City as we wrap up our time at the 2016 edition of the National Association of Farm Broadcasters- heard from Ag Secretary Tom Vilsack yesterday afternoon(likely for the final time as USDA Secretary as the Obama Administration counts down the days in office)- and between Carson, Kalee the Intern and yours truly- we interviewed over 30 ag industry leaders yesterday at the annual Trade Talk event.  

We will be sharing those with you in the days to come.

We will winging our way towards OKC midday- and will be hooking up with the 75th Annual Convention of the Oklahoma Farm Bureau after lunch today- looking forward to seeing many of you at this gathering of one of our two general farm organizations. 

Click here for their schedule of events for today, tomorrow and Sunday.

Our thanks to Midwest Farms Shows, P & K EquipmentAmerican Farmers & Ranchers, Livestock Exchange at the Oklahoma National StockyardsStillwater Milling Company, Oklahoma AgCreditthe 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 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.   

 Click here to check out WWW.OklahomaFarmReport.Com  



God Bless! You can reach us at the following:  


phone: 405-473-6144


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