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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
, E-mail and Web Writer
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, November 22, 2016
|President Elect Trump Plans to Pull the Plug on TPP Day One
Yesterday afternoon, President Elect Donald Trump bypassed the mainstream media with the release of a YouTube video that listed his Day One priorities after he takes the oath of office and becomes our 45th President of the United States.
At the top of his list of things to get done- Dump TPP.
Agricultural groups were hoping that the incoming President might be willing to reconsider the 12 nation deal- but backing away from TPP was a critical element of his campaign in parts of middle America where thousands of jobs have gone overseas. Agriculture would be a major winner if the US approved the trade deal.
If case you have not seen the video- here it is:
Click here for our full story on OklahomaFarmReport.Com with the video of the President Elect.
Dry Conditions Across the Plains as Row Crops Wrap Up Harvest, Though Cotton Still Falling Behind
The latest U.S. Department of Agriculture crop progress report indicates harvested corn reached 97 percent, above the average by 1. Harvested sorghum reached 94 percent, 2 above the average. Harvested cotton reached 67 percent, 10 points below the average. Winter wheat conditions are rated 58 percent good to excellent, 32 percent fair, 8 percent poor and 2 percent very poor. Winter wheat emerged reached 89 percent, 1 below 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 emerged reached 92 percent, down 1 point from the previous year and down 1 point from normal. Sorghum harvested reached 95 percent, up 2 points from the previous year and up 6 points from normal. Soybeans harvested reached 81 percent, down 4 points from the previous year and down 1 point from normal. Cotton harvested reached 65 percent, down 2 points from the previous year but unchanged from normalClick here for the full Oklahoma report.In Texas, seeding of winter wheat continued throughout the state last week, following row crop harvest, while dry weather was negatively impacting recently-emerged small grains in need of rainfall to sustain crop development. Sorghum harvest was 91 percent complete, 4 points higher than last week and just above normal by 1. Soybeans harvested reached 90 percent, 2 above the previous year and lower than the average by 1. Cotton harvest was at 47 percent, trailing normal by 21 points. Winter wheat planted has reached 91 percent, which is on par with the average. Meanwhile, winter wheat emerged has reached 79 percent, above last year by 5 and the average by 3 points.Click here for the full Texas report.Crop progress reports in Kansas, show winter wheat condition rated 2 percent very poor, 9 poor, 34 fair, 48 good, and 7 excellent. Winter wheat emerged was 94 percent, near 96 both last year and the five-year average. Soybeans harvested was 97 percent, near 98 last year and 96 average. Sorghum harvested was 95 percent, near 94 last year and 93 average. Cotton condition rated 1 percent very poor, 2 poor, 28 fair, 64 good, and 5 excellent. Cotton harvested was 54 percent, behind 60 both last year and average.Click here for the full Kansas report.
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|Market Watcher Dr. Derrell Peel Interprets Strong Marketing Pace in Latest Cattle on Feed Report
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, I visited with Dr. Peel for the daily Beef Buzz segment, as he offered his in-depth analysis of the November edition of the monthly Cattle on Feed report, released last Friday by USDA.
"Feedlots continued a strong marketing pace in October with marketings up 4.6 percent year over year, despite one less business day in the month. October placements followed the September monthly decrease with another 5 percent reduction in placements year over year. The combination of large marketings and fewer placements left the November 1, 2016 cattle on feed inventory down 1.3 percent from one year ago. Despite the year over year decreases in placements in September and October, total feedlot placements are up 673,000 head from 2015, a 3.9 percent increase for the year to date. However, year to date feedlot marketings through October are up an impressive 5.2 percent year over year, some 855,000 head more than the same period last year. In fact, in the last six months, the year over year increase in feedlot marketings has been more than double the increase in the number of cattle placed in feedlots compared to last year.
"The faster pace of cattle movement through feedlots has translated in more cattle slaughter and more beef production in 2016 than previously expected. Year to date beef production is up 5.3 percent from last year. Steer slaughter, in particular, has exceeded expectations this fall and is up nearly 7 percent year over year so far this year, though is expected to moderate to smaller year over year increases for the remainder of the year. Additional steer slaughter, combined with year over year increases in heifer and cow slaughter have pushed total cattle slaughter up 5.6 percent so far this year. Increased slaughter is partially offset with lower carcass weights since May. Weekly steer carcass weights have averaged 9 pounds less since May with heifer and cow carcass weights down about 2 pounds on a weekly average basis. Carcass weights have been down from last year's record levels despite excellent feeding conditions this fall. Both steer and heifer carcass weights appear to have peaked seasonally the last week of October and should decline for the remainder of the year. The first winter storm which covered the central and northern plains last week may help pull carcass weights down faster in November.
|Soybean Association Chairman Weighs In on Ag Policy Priorities Post Election
Wade Cowan, chairman of the American Soybean Association, recently spoke with intern Kalee Horn about how the recent elections would affect important policies including Trans-Pacific Partnership (TPP) and the upcoming Farm Bill.Like many in agriculture, a primary concern for ASA is the passage of the Trans-Pacific Partnership. However, after the election of
Donald Trump, the question of where we would stand on this important partnership was tossed up in the air."Trump is a business man and he is going to understand if we come to him and we give his team good reasons why it's positive for agriculture and why in our case it's really positive for soybeans," said Cowan. "He's going to be supportive of that."When this conversation took place, proponents
of the trade deal still clung to hopes of getting TPP passed. However, the Obama Administration has not pushed for a vote in the Lame Duck session and President elect Trump says he will pull out of TPP on his first day in office (see our Top Ag Story for that)
|Oklahoma State University Meat Judging Team Wins 18th National Championship
The headline may be similar, but some of the names are different. Oklahoma State University's Meat Judging Team recently won the National Championship, again. That makes 18, for anyone counting.
Adding to an already dominant dynasty, OSU has won more national championships in meat judging than any other school.
"We are very proud of the OSU Meat Judging Team," said Clint Rusk, head of OSU's Department of Animal Science. "The department has a rich history of fielding competitive judging teams which have been shown to improve critical thinking and communication skills in the students who compete on them."
The team is made up of students from all around the country, many of which are living their dreams of competing, and succeeding, on a national stage.
"I believe OSU's Meat Judging program has been so successful because of the tremendous people in and around the program - the students, faculty and staff in the department of animal science and the Robert M. Kerr Food and Agricultural Products Center, and the alumni around the country," said Gretchen Mafi, coach and Ralph & Leila Boulware Endowed Chair. "The 2016 team had a never-quit attitude and always stayed positive to achieve their goal. They started with little to no experience but as the year progressed they became truly outstanding."
Click here to read more about team and individual achievements during the national judging contest.
Midwest Farm Shows is our longest running sponsor of the daily email- and coming in just TWO WEEKS will be the Tulsa Farm Show in December 2016- the dates are December 8th, 9th and 10th.
In advance of the show- we still need one or two more horses for Craig Cameron to feature in his Gentle Horse Training sessions that will be featured twice a day at this year's show.
Please email me by clicking here to tell me about your horse- be sure to give me a cell phone for contact so that Craig will be able to get with you to decide if your horse can be utilized at this year's event.
There is still 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.
|Cover Crops Work - American Seed Trade Vice Chairman Points to Data Driven Results
The use of cover crops and innovative plant breeding continues to gain popularity among farmers across the US. Radio Oklahoma Network's Associate Farm Director Carson Horn spoke with American Seed Trade 1st Vice Chairman Tracy Talley about the conservationist practices his group advocates.According to recent studies, Talley reports that on average those employing cover crops in their operations will have 339 acres per farm in cover crops."We are seeing through the studies a huge improvement in soil health and that's really what we're trying to go for," Talley said.Talley notes that 66 percent of farmers who utilize cover crops, have reported improved production as well."They're seeing better health in their crops after a cover crop planting," Talley said. "They're seeing that their current cash crop is weathering the weather better and is more consistent in their yields."Listen to Talley discuss the benefits of cover crops and innovative plant breeding.
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|Does Turkey Really Make You Sleepy? FAPC Food Scientist Darren Scott Debunks the Myth
When the last bite of turkey is consumed and the plates are cleared, the next item on the Thanksgiving agenda is a nap. Because turkey makes you sleepy, right?
Darren Scott, food scientist at Oklahoma State University's Robert M. Kerr Food & Agricultural Products Center, debunks this myth.
"It's not really the turkey that makes us sleepy," Scott said. "It's reputed to be the Tryptophan instead. There's really not that much more Tryptophan in turkey than in other poultry. There is approximately a quarter of a gram per 100 grams of poultry.
"Tryptophan is an essential amino acid, which means it's a nutrient we cannot normally produce in our body," Scott said. "We have to get it from the foods we eat."
Along with turkey, Tryptophan is found in red meat, almonds, chocolate, soy and some nuts.
Click here to read more about the inevitable need for a nap after a large holiday meal.
|This N That- Gina Loves Her WOTUS- and a Trump Transition Update
Yesterday at the National Press Club- the soon to be EX EPA Administrator, Gina McCarthy
, was a featured speaker- and she gushed about the Waters of the US Clean Water Rule as she responded to questions after her remarks.
"I am really really happy to get the Clean Water Rule over the finish line and look forward to the AGC(Attorney General Counsel) defending it in court."
We have a CSPAN clip on our website of her full comments- click here
to see her comments praising WOTUS.
There was a brief speed bump in the transition efforts at the US Department of Agriculture- but things seem to be back on track- Veteran food and agriculture lobbyist and former congressional and White House staffer Michael Torrey
announced his departure from the Trump USDA transition team amid controversy over his lobbying role. American Farm Bureau Federation's Dale Moore
called it a selfless move- and feels that those that will move this process forward will not be slowed down by the resignation.
Already- there is a replacement for Torrey- Joel Leftwich
has been named the Lead for the Transition efforts for the President Elect.
Leftwich is the Majority Staff Director for the Senate Ag Committee, serving under Chairman Pat Roberts of Kansas.
No fresh info on the Secretary of Ag job- but Agri-Pulse is reporting on a couple of the possibles for EPA Administrator-
"In other transition news, two members of Trump's agricultural advisory committee may be candidates for the job of EPA Administrator. Lawyer and Illinois farm owner Gary Baise, who is currently a principal at OFW Law and is co-head of the firm's litigation practice, would bring a wealth of experience to the position.
"Baise was the chief of staff to the first Environmental Protection Agency (EPA) Administrator and later became director of the EPA's Office of Legislation. He served as executive assistant to the acting director of the Federal Bureau of Investigation, associate deputy attorney general, and acting deputy attorney general in the U.S. Department of Justice.
"He specializes in litigation related to a wide variety of environmental issues and has defended several farmers in wetlands enforcement cases under the Clean Water Act.
"Arkansas Attorney General Leslie Rutledge, who was spotted on her way to meetings in Trump Tower on Thursday, is considered another potential candidate for the top EPA job.
"Rutledge, who married a farmer last year, has served as deputy counsel to then-Gov. Mike Huckabee, deputy prosecuting attorney, and attorney for the Arkansas Division of Children and Family Services. In the past, she has criticized EPA's anti-haze regulation - arguing that it's a decision that should be left up to state control."
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