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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:
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
Wednesday, November 16, 2016
Rabobank Analysts Discuss Impact of Trump Election on Key Areas of the Food and Ag Sector
The election of Republican candidate Donald Trump as the 45th President of the United States has the food and agriculture sector awaiting clarification on his policies and positions. The Rabobank Food & Agribusiness Research and Advisory (FAR) group has authored a report on the possible implications of the election."Republican-controlled Executive and Legislative branches could mean swift action when the new administration takes office," notes Pablo Sherwell, Rabobank head of Food & Agribusiness Research and Advisory, North America. "Our analysts and others around the world are keeping a close eye on trade, labor, the upcoming Farm Bill and regulations impacting production agriculture, as these areas are where potential policy changes could have longer-term implications on the industry as a whole."While President-elect Trump's policies are yet to be clearly defined, his statements during the campaign suggest drastic changes from current policy could be on the horizon. Acknowledging that any change, and the subsequent impact, is uncertain, Rabobank analysts dissect key areas to watch, both short and long-term.
In the short term, agricultural markets may be affected by foreign exchange volatility, as well as changing business appetite and consumer confidence.
Looking towards the next year, it will be critical to watch potential revisions to trade agreements, labor policies and business regulations, as well as the effects these elements will have on economic growth.
to read more about the short and long-term implications the Trump administration may have on the agricultural industry, as identified by Rabobank.
The Mission Statement of the Oklahoma Farm Bureau is 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.
At their recent annual convention, the organization celebrated the achievements of many of their members- including Roger and Idella Maschino of Guymon- named the 2015 Oklahoma Farm Family of the Year!
Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
|USDA Awards $200 Million for Fiscal Year 2017 to More Than 70 Market Development Programs
Agriculture Secretary Tom Vilsack announced Tuesday the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service (FAS) is awarding $200 million to more than 70 U.S. agricultural organizations to help expand export markets for U.S. farm and food products through the Market Access Program (MAP) and the Foreign Market Development (FMD) Program.
Under MAP, FAS will provide $173.5 million in fiscal year 2017 funding to 70 nonprofit organizations and cooperatives. The organizations use the funds to help U.S. agricultural producers promote their products to consumers around the globe through activities such as market research, technical assistance, and support for participation in trade fairs and exhibits. The top two allocations under MAP go to Cotton Council International ($14.9 million) and US Meat Export Federation ($13.3 million). The group that represents Oklahoma wheat farmers in the global market, US Wheat Associates, has been allocated $6.08 million.
Under FMD, FAS will allocate $26.6 million in fiscal year 2017 funds to 26 trade organizations that represent U.S. agricultural producers. FMD focuses on generic promotion of U.S. commodities, rather than consumer-oriented promotion of branded products, and preference is given to organizations that represent an entire industry or are nationwide in membership and scope. US Wheat Associates gets another $3.3 million under FMD, Cotton Council International and $3.9 million and USMEF $1.168 million.
Click or tap here
to read more and to jump over to the tables showing allocations group by group for both programs.
|Oklahoma Counties Designated Primary Natural Disaster Areas with Assistance to Texas Producers
The U.S. Department of Agriculture (USDA) has designated Atoka, Bryan, Coal, Garvin, Johnston, Murray, Pontotoc and Seminole counties in Oklahoma as primary natural disaster areas due to damages and losses caused by a recent drought."Our hearts go out to those Oklahoma farmers and ranchers affected by recent natural disasters," said Agriculture Secretary Tom Vilsack. "
President Obama and I are committed to ensuring that agriculture remains a bright spot in our nation's economy by sustaining the successes of America's farmers, ranchers, and rural communities through these difficult times. We're also telling Oklahoma producers that USDA stands with you and your communities when severe weather and natural disasters threaten to disrupt your livelihood."Farmers and ranchers in the following counties in Oklahoma also qualify for natural disaster assistance because their counties are contiguous. Those counties are: Carter; Choctaw, Grady, Hughes, McClain, Marshall, Okfuskee, Pittsburg, Pottawatomie, Pushmataha and Stephens.Click here
to read more about the assistance available and to find links to more information.
|Exports Up, Imports Down - US Beef Industry Working Hard to "Meat" Demand
The USDA released the latest update on meat imports and exports this past week, and Jim Robb, executive director of the Livestock Marketing Information Center, says they look very good."It was good news overall," Robb said, "especially on the red meat side. For September beef, exports were up 30 percent year over year."It is quite a contrast compared to last year, Robb reflects, accounting for the market crater that began around July of last year. Just as importantly though, Robb points out that import numbers have decreased."The imports continue to erode," Robb said, "so our beef imports were down dramatically. That was being driven by a 67 percent year over year decline in beef imports from Australia and New Zealand was down 33 percent."Robb insists that opportunities for US meat exports will continue for now as Australia starts the recovery process coming off their drought. But the big question remains - will this momentum continue in the long term? Robb seems to think that as we move forward, there is the possibility that we could pick up some demand potential as we push competition a bit more in the Asian markets alongside Australia as they deal with rebuilding their herds.Listen to Robb offer his interpretation of USDA's latest meat import/export numbers during the latest Beef Buzz.
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|US Farm & Ranch Alliance Hopes to Encourage Thoughtful Decisions Through Smart Farm Initiative
In taking a proactive approach to transparency, the US Farmers & Ranchers Alliance is working to spread agriculture's message about the good things that happen on the farm and teach people where their food comes from and how it is produced. RON's Associate Farm Director Carson Horn had the chance to speak with the organization's chairman, Brad Greenway of South Dakota, about what programs the organization is undertaking to promote these actions. Greenway explains one program called the Smart Farm Initiative will be unveiled this coming February."Everybody can relate to "smart," whether it's your smartphone, smart home, smart TV," Greenway said. "What we're trying to do is relate the technology that we're using on the farm to making the right and smart choices on our farms."Greenway says the Smart Farm concept will serve as the umbrella for the group's activities throughout the year pertaining to sustainable and transparent practices on the farm. One sustainable practice though, suggests Greenway, can't be cultivated on the farm, but rather in the classroom. He says the organization is working to sustain farm literacy using the film Farmland as a learning tool."The exciting news about Farmland and how we extended that reach is through discovery education, getting it into the classroom," Greenway said. "Kids need to see what actually happens on a modern farm today. The teachers have picked up on that."Listen to Horn's entire conversation with newly elected USFRA Chairman Brad Greenway about the organization's commitment to increasing sustainability and cooperation in agriculture.
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|How Critics of U.S. Farm Policy Have It Wrong, According to Rep. Kevin Cramer of North Dakota
The following article is an opinion piece authored by Rep. Kevin Cramer, whom is North Dakota's only member of the U.S. House of Representatives. He serves on the House Committee on Energy and Commerce."When it comes to U.S. farm policy, some folks who don't know much about risks of farming and ranching want to cut twice before measuring once. Common sense says we should measure things first."Net farm income is down by 42 percent from just three years ago, the largest plunge since the start of the Great Depression."Yet, under these very tough economic conditions the current Farm Bill's commodity title -- crafted to deal with market forces beyond a farmer's control such as depressed prices brought on by unfair predatory trade practices of foreign countries -- is helping farmers while saving taxpayer money."In fact, the 2014 Farm Bill's commodity provisions are saving an estimated $16 billion when compared to an extension of the previous law.Click here
to continue read Rep. Cramer's editorial on the current Farm Bill.
Cattle IndustryNotes- Fed Cattle Exchange Offering 13,000 Finished Cattle Today and Allendale Offers Preview of Cattle on Feed
The weekly online sale by FedCattleExchange.Com kicks off at 10:00 AM this morning- this week, the online platform has 13,428 head in 75 lots- just 1,500 of the cattle on the show list are from the Oklahoma, New Mexico and Texas region served by the Texas Cattle Feeders.
Last week, a total of 10,949 were sold for a weighted average of $103.15.
Click here for their website- there is a link to observe the process that begins at 10:00 AM central.
On Friday, November 18 at 2:00 PM CT, USDA will release their monthly Cattle on Feed report. Allendale's Rich Nelson offers this preview of what his group of analysts expect on Friday afternoon:
"October Placements are expected to be 5.3% smaller than last year at 2.165 million head. This would be the smallest October placement in four years. It would also represent two months in a row of lower than last year placements. Before this there was a period of seven months of higher placements. October placements supply the March through August slaughter period.
"Allendale anticipates a Marketing total 6.5% larger than October 2015 at 1.736 million. This was the largest October marketing in three years. There was one less weekday this year vs. last year.
Total Cattle on Feed as of November 1 is 1.5% smaller than last year at 10.644 million. That is a decrease from the October 1 total that was +0.4% over one year ago."
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