Subject: Oklahoma's Farm News Update
From: Ron Hays <ronphays@cox.net>
Date: 12/2/2016 6:34 AM
To: ronphays@cox.net



 
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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 futures- click or tap 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 on Thursday, December 1st.
  
  
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 MuellerE-mail and Web Writer
  

Oklahoma's Latest Farm and Ranch News
 
Your Update from Ron Hays of RON
   Friday, December 2, 2016


Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
RFARFS
Renewable Fuels Association Pushes Back in Response to RFS Critics Pointing to Recent GAO
Reports

On Thursday, Oklahoma Senator James Lankford called for the elimination of the Renewable Fuel Standard mandate, saying "The RFS program isn't meeting the greenhouse gas emission goals, it is unsustainable, and it yields few benefits, while it has inflicted substantial costs on consumers. The renewable fuel standard mandate simply doesn't work."

In response to Lankford's call during the Senate Homeland Security & Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management hearing yesterday as the committee examined two reports by the Government Accountability Office (GAO) on the Renewable Fuel Standard (RFS)., Renewable Fuels Association (RFA) President and CEO Bob Dinneen issued a statement conveying his association's objections to the reports which he asserts incorrectly suggest the RFS is falling short of its goals to support commercialization of advanced and cellulosic biofuels:


"This hearing and the GAO reports really miss the point. The RFS has been a resounding success by any measure. It has created high-paying jobs across America, reduced oil imports from OPEC, lowered consumer fuel prices, slashed emissions from the transportation sector, and driven substantial investment into advanced and cellulosic biofuel technologies.


"While first-generation biofuels were already proven in 2007 when Congress expanded the RFS, legislators knew full well that the pace of commercialization for advanced and cellulosic biofuel technologies was somewhat uncertain. That's precisely why Congress included measures allowing EPA to adjust advanced and cellulosic volume requirements. Indeed, the volumes in the 2007 bill were not a forecast, but rather an aggressive goal and bold vision to support the creation of a vibrant low-carbon advanced biofuel market.


"That bold vision is in fact being realized, and advanced biofuel production has grown dramatically under the RFS. Production and use of advanced biofuels has risen from less than 200 million gallons when the original RFS was adopted in 2005 to approximately 4 billion gallons (RINs) in 2016-a 20-fold increase. That's a remarkable achievement that simply wouldn't have occurred without the RFS."


Click here to read Dinneen's statement in defense of RFS in its entirety.


Click here for the video of the complete hearing chaired by Senator Lankford.


Sponsor Spotlight


Oklahoma AgCredit serves rural Oklahoma communities and agriculture with loans and financial services. Providing loans for rural property, farm and ranch land, country homes, livestock, equipment and operating costs is all we do.
 
We are the state's largest agricultural lending cooperative, serving 60 Oklahoma Counties.  To learn more about Oklahoma AgCredit, click here for our website or call 866-245-3633.
 


Members of the Oklahoma Cattlemen's Association have kept a full schedule this season with their Fall Gatherings throughout the month of November, including a few new meetings they decided to host this year as well, including informational sessions on the Veterinary Feed Directive and a winter policy meeting scheduled for January. I caught up with Michael Kelsey, OCA's executive vice president, to find out how those meetings went and what's been on the minds of his members lately.


"A big conversation piece was 777, both before and after, but also a lot of other issues that are going on in the cattle industry and then of course the market," Kelsey said. "It went really well, attendance was fantastic. Discussion was good, lots of questions."


Kelsey says addressing the failed passage of State Question 777 - Right to Farm, was high priority for OCA members at these meetings. He says talks steered mainly towards planning for the opposition's next move, which according to Kelsey, is really just a mystery at this point. However, he insists the ag community needs to anticipate that they will want to ride out the momentum from their win. He assures OCA will remain vigilant during the legislative session to intercept any proposed legislation that threatens agriculture in Oklahoma.


Click here to read more about OCA's meetings this year and for a chance to listen to my conversation with Kelsey.

By the way- Michael will join me as my guest for this week's In the Field as seen on KWTV News9 around 6:40 AM tomorrow morning!

In a statement published yesterday, it was announced that, after a thorough examination regarding the genetically engineered (GE) wheat detection in Washington State, the USDA Animal and Plant Health Inspection Service (APHIS) has closed its fact finding. The Agency also said it found no evidence of GE wheat in commerce.

On July 29, 2016, USDA confirmed the discovery by a farmer of GE wheat plants growing in an unplanted agricultural field in Washington State. After thoroughly examining the farmer's property, APHIS detected a total of 22 wheat plants that were volunteering in an unplanted field. The GE wheat in question is resistant to the herbicide glyphosate, commonly referred to as RoundupĀ®.


Working with the farmer, APHIS took measures to ensure that no GE wheat moved into commerce. Although the volunteers were not in a planted field, out of an abundance of caution, APHIS tested the farmer's full wheat harvest for the presence of any GE wheat material. All samples were found to be negative for any GE wheat material.

To read the complete statement, click here.

IRSNCBA Butts Heads with IRS Over Proposed Tax Regulation that Threatens Multi-Gen Cattle Operations

The Internal Revenue Service hosted a public hearing Thursday on a Department of Treasury proposed rule that would eliminate or greatly reduce available valuation discounts for family-related entities. Kevin Kester, National Cattlemen's Beef Association vice president, said the regulation would effectively discourage families from continuing to operate or grow their businesses and passing them on to future generations.


"Should the discounts be eliminated, a significant number of farmers and ranchers will face an even greater tax burden during the difficult task of transferring minority interests to the next generation," said Kester. "Having dealt with the death tax on multiple occasions, I can assure you that it's not easy to settle the estate of a loved one while coping with the loss of that loved one. To add insult to injury, the proposed rule will upend succession plans, halt planned expansion and growth, and require a majority of livestock operations to liquidate assets in order to simply survive from one generation to the next."


The proposed regulations under Section 2704 will have a profoundly negative impact on the business climate for farmers and ranchers, ultimately dis-incentivizing a new generation of cattle producers from carrying on the family business. For that reason, NCBA calls for the IRS to formally withdraw the proposed rule.
Click here to read more about the potential impact that eliminating valuation discounts would have on farmers and their families.

Sponsor Spotlight

 
We are happy to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors. They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol. They seek to educate OCA members on the latest production techniques for maximum profitability and to communicate with the public on issues of importance to the beef industry.  Click here for their website to learn more about the OCA.  


Occurrences of Hessian fly have been found in southwestern Oklahoma winter wheat this fall, making it important for producers to identify field infestations and strategies that can assist in managing the pest next year.


"Even though there is not a 100 percent effective solution in terms of managing Hessian fly, producers have several options available to minimize the problems caused by this pest," said Tom Royer, Oklahoma State University Cooperative Extension integrated pest management coordinator. "It starts with awareness about the pest and detecting its presence."


Hessian fly outbreaks can be managed using several methods that work best when employed as part of a long-term management strategy. Effective strategies include using fly resistant plant varieties, planting fields later in the season, controlling volunteer wheat and rotating non-host crops.
As a last resort, farmers dealing with a particularly aggressive infestation should consider using an insecticide seed treatment.


Learn more about managing Hessian fly infestations, by clicking 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 to subscribe to his daily update of top Energy News.

 

BuzzQuestions You Should Be Asking Yourself First, Before Seeking Advice on Choosing the Right Bull

Kansas State Beef Cattle Specialist Dr. Bob Weaber gets a lot of questions from cattle producers about what kind of bulls they ought to be buying. I talked with Weaber about how he responds when he is approached for this kind of advice. He says he usually turns the table on the producer and begins asking his own questions.


"I usually put three questions to them," Weaber said, "Depending on what your response is there, it has an influence on what direction of genetics you might go."


The three questions Dr. Weaber typically puts to producers are 1.) how do you sell calves, what is your marketing endpoint; 2.) how do you generate replacement heifers, raise your own or buy them; and 3.) where are you at today with the cattle you run on your operation, what genetics make up your herd currently - are they mostly British, continental, bos indicus or some combination of those?


"Whatever the case is," Weaber said, "trying to figure out a little bit in terms of breed complementarity, what direction we might head as we think about combining optimality in terms of maternal and growth and carcass traits to produce really what I like to call environmentally adapted cows."


Weaber explains that each piece of the puzzle falls together to help form a strategy that guides your selection of the right bull with the right genetics to help you focus and emphasize the traits in your herd that will serve you best in meeting your goals, based on how you operate.


Listen to Dr. Weaber explain his bull selection strategy more in depth, by clicking here.

Producers should be on the lookout for two things when harvesting this next crop: test weight and protein, says Dr. Kim Anderson, extension grain marketing specialist. According to him, the wheat in bins right now is only averaging 11.2 percent protein. And the previous year's crop only weighed in at 55 to 56 lbs. test weight. Both these numbers are lacking in desirability to millers.

He says in order to capture the highest price come harvest, 2017's wheat crop will need to carry at least 12 to 14 percent protein and a test weight of 60+ pounds. Harvesting wheat comparable to this could potentially earn you a premium of up to $1.66.

"The higher the protein, the higher the test weight, the more valuable that crop is going to be," Anderson said.
To read more details on Anderson's grain market analysis, or to hear his full remarks, click here. 
DroughtMonitorDrought Expands in Oklahoma- Jumps Ten Percentage Points in Latest Week
 

The latest Drought Monitor shows Oklahoma slipping further into drought conditions, with now more than half of the state in at least moderate drought. 

The latest drought stat shows Oklahoma 56.94% in moderate to extreme drought, with the almost ten point expansion of drought coming in central portions of the state.

Another thirty percent of Oklahoma is currently rated as being abnormally dry- just one step from being in drought, meaning over 84% of the state is on the dry side of things.

Here's the latest Drought Monitor for Oklahoma, as released Thursday morning:




 
Our thanks to Midwest Farms Shows, P & K Equipment, American 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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