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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
Monday, December 5, 2016
CropLife America Petitions EPA to Stop Using Studies Not Backed By Sound Science or Quality Data
On Tuesday, November 29, CropLife America (CLA) petitioned the U.S. Environmental Protection Agency (EPA) to halt regulatory decisions that are highly influenced and/or determined by the results of epidemiological studies that do not meet well-defined data quality standards and that are not integrated into the human health risk assessment of crop protection products in a transparent, well-defined manner. The petition requested that EPA cease regulatory decision-making with respect to any organophosphate (OP) pesticide where 1) that decision making is based primarily on results from epidemiological studies that do not meet well-defined data quality standards and 2) where the public has no means of knowing how EPA is determining the data quality of such studies or how they are being integrated into the risk assessment.The petition follows what has been the ongoing process of registration review of various OPs, which has included multiple scientific advisory panels (SAPs) that have found that the epidemiological studies being used are of questionable value and lack the quality data needed to inform regulatory decisions. EPA's human health pesticide risk assessment process has traditionally relied on validated toxicological studies using laboratory assessments and study data to estimate the potential exposure to the pesticide chemical based on the proposed use of the pesticide product. Epidemiological studies have not been uniformly or consistently incorporated into a quantitative risk assessment, due to the observational nature of epidemiological research. Often epidemiological studies cannot speak to causality due to questions related to study design, population studied, and lack of clear evidence of the magnitude and duration of exposure during critical phases of development."The process EPA is pursuing regarding OPs is concerning to the agriculture community," stated Jay Vroom, president and CEO of CLA. "If EPA continues to rely on epidemiological studies that do not meet well-defined data quality standards, we could see catastrophic results, with farmers across the world unable to access important tools to fight crop threats."
To continue reading more about CLA's petition regarding the EPA's use of questionable studies in their regulatory decision-making, by clicking here
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.
|USDA Proposes Revisions to Nutritional Fact Panel for Meat and Poultry Product Labelling
Last week, USDA's Food Service Inspection Service proposed amending the nutrition labeling regulations for meat and poultry products to parallel the FDA's final nutrition regulations, which were published on May 27, 2016. FSIS says the proposed rule would improve the presentation of nutrition information for meat and poultry products. FSIS hopes the updated nutritional information will help Americans make better informed decisions when purchasing food for their families and better maintain healthy diets.
Alfred Almanza, Deputy Under Secretary for Food Safety at USDA says, "The new nutrition facts panel will complement the many other proactive, prevention-based food policies that we've put in place in recent years."
Specific changes to the current labelling found on protein packaging, includes a variety of information point revisions, redesigned appearance and formatting, a consolidation of regulatory codes into one reference.
For more information on the proposed rule including a detailed list of the changes being proposed, click here
| Cotton Harvest Pleasantly Surprises Producers Who Retain an Optimistic Outlook Despite Challenges
As this year's cotton harvest continues to move into the Southern Plains, I caught up with Plains Cotton Growers Executive Vice President Steve Verett to ask what impression he's getting from producers coming off harvest, which he contends has been fairly positive contrary to what most expected taking this year's uncooperative weather.
"Everyone is for the most part being pleasantly surprised," Verett said. "We went into this crop full wet. We didn't get the kind of rain we need during the summer, but the moisture in the soil carried us through and this crop is doing as well or better than what a lot of folks thought it would be."
Despite challenges the cotton industry has been faced with over the last few years, in terms of an ineffective and unreliable safety net provided by the 2014 Farm Bill, in addition to the added pressure of competing with synthetic fiber manufacturing, Verett says he and the producers out in the countryside are actually retaining an optimistic outlook.
In fact, cotton seems to be gaining in popularity throughout growing regions, says Verett, pointing to other commodities struggling to keep prices up, making cotton seem increasingly more attractive to farmers. He expects to see as much as a 10 percent increase in cotton production in the Northern High Plains north of Amarillo.
Click here to read more about Verett's perspective on the cotton industry or for a chance to listen to our full conversation.
|Cattle Industry's Great Expectations for the Next Generation of Genomically Enhanced EPDs
Over the next year or so, most breed associations will be adopting a new methodology for genetic evaluation called Single Step, according to Dr. Bob Weaber, K-State beef cattle specialist.
While many producers today already use EPDs as a decision-making tool in their selection of bulls, this method promises more accurate measurements and increased predictability, using a wider scope of consideration.
"What we hope is that producers now use genomically enhanced EPDs," Weaber said, "because they have the advantage over traditional EPDs in terms of improved accuracy of predictions."
Click here to listen to our Beef Buzz with Dr. Weaber and get the full story behind Single Step.
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!
|Tulsa's New Mayor Will Share Remarks on City's Key Role in Agricultural Sectors of State's Economy
American Farmers & Ranchers LEAD program is sponsoring the Rural to Urban Outreach reception, Dec. 9, as part of the Tulsa Farm Show. The reception starts at 4:30 p.m. in the lower level of the River Spirit Expo Building in Tulsa.
G.T. Bynum, the new mayor of Tulsa, will share remarks on the key role Tulsa plays in the state's economy, especially in regards to the rural and agricultural sectors.
"We want to work together with Tulsa residents and surrounding communities to foster a better understanding of how important rural and urban relationships are to this state," Terry Detrick, Ames, Okla., farmer and president of American Farmers & Ranchers, said. "By working together we learn each other's needs and how to constructively meet the challenge of moving our great state forward."
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|CAB's Mark McCully Says the Market's Message is Loud and Clear in Its Demand for Quality Beef
The beef market tells you what it wants. You just have to pay attention.
"We know there are signals out there in the marketplace for quality. As you move further away from the end product, we know those signals are...not quite as distinct," said Mark McCully, Vice President of supply for Certified Angus Beef at the 2016 Angus Convention in Indianapolis in November.
McCully made sense of many of those economic indicators.
"We need to make sure we're watching the long-term trends and don't get too carried away with some of the short-term 'noise,' because the decisions we're making in our breeding programs are really about the next two, three, five years," he said.
On a carcass-weight basis, there's 37 percent more Prime beef today than just two years ago, compared to Select grade, which is down 21.7 percent.
"This year we actually see a higher percentage of dollar contribution is coming from branded product than Select," McCully said, noting that branded beef accounts for 16.3 percent of total industry revenue.
Through the third quarter of 2016, carcass cutout values showed a $35-per-hundredweight advantage for Prime over Select.
That reward potential may help explain why 78 percent of cattle today sell on alternative marketing agreements like value-based grids, compared to just 52 percent a decade ago.
As the bar on such arrangements keeps moving higher, McCully predicts brand reputation and the background information a brand organization can provide on a product will become increasing more important in marketing beef, especially with cow inventory numbers on the upswing. He encourages producers that are investing in premium genetics to speak up about what they are doing on their operations, if they want to secure top dollar at market. Otherwise, he says just expect to only get average price, regardless of how good your cattle are.
"Nobody wants to pay more for cattle just because," McCully said. "We're starting to see more value around the data: the carcass history, the reputation, where these cattle came from, what the genetics have been, how they've been managed."
Click here to read the full story on McCully's interpretation of recent market signals.
|Rain Helps as Frigid Air Taking the Greyhound Bus South Our Way
After several months of generally dry weather- and expanding drought, this past weekend said a nice gentle rain that soaked in across the southern half of Oklahoma- and while it won't end the drought- it really is a vital rainfall as we head into the winter season.
Here's the Mesonet rainfall map that covers from Friday morning til this morning:
Those inch rainfall totals were in Hollis and Hobart- with much of southern Oklahoma getting six tenths or more. With cool temps and little wind- little of the moisture was lost- making this a very effective rainfall event for those that got it. Click here for the real time map
that lets you see more details from each location.
North of I-40- a lot of folks got a little- but not really enough to very much.
Ahead- Jed Castles
of News9 says watch out for the COLD wind blowing our way:
By Thursday morning- we are talking wind chills that could be single digit brutal- the nine days shows Wednesday through Saturday morning will be well below normal for early December- but right now- it shows moderation by early next week.
The problem is- NO PRECIPITATION is found in that nine day for central and western Oklahoma.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Stillwater Milling Company, Oklahoma AgCredit, the 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!
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