|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:
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
Tuesday, December 6, 2016
Inhofe Among Committee Chairmen in Agreement on Comprehensive Water Resources Infrastructure
US Senator Jim Inhofe, chairman of the US Senate Environment and Public Works (EPW) Committee; Rep. Bill Shuster, chairman of the house Transportation and Infrastructure Committee; Rep. Fred Upton, chairman of the House Energy and Commerce Committee; and Rep. Rob Bishop, chairman of the House Natural Resources Committee, announced Monday an agreement on comprehensive water resources infrastructure legislation.The legislation, the
Water Infrastructure Improvements Act for the Nation (WIIN) Act, includes the Water Resources Development Act (WRDA), which authorizes port, waterway, and flood protection improvements for the country. The WIIN Act also includes the Water and Waste Act of 2016 to help communities meet the requirements of the Safe Drinking Water Act and authorize state regulation of coal ash. In addition, the legislation addresses significant tribal and natural resources issues.The House and Senate both overwhelmingly passed WRDA bills earlier this year, and the WIIN Act is the product of the resulting bicameral negotiations.Click here to read a joint statement about the legislation and to find a link to more highlights of the WIIN Act.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation
. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here
for their website or call the Oklahoma City office at 1-800-310-0220.
|Growing Cattle Inventories and Beef Supplies Cause Some Heartburn as Year-End Markets Wrap Up
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, Dr. Peel summarizes the recent trends observed in the cattle market as the 2016 marketing year comes to a close.
"The transition to bigger beef supplies (and psychologically to the idea of bigger supplies) that began impacting cattle markets in 2015 continued in 2016. Markets adjusted down, including a brutal, fear-driven crash in markets in the third quarter, followed by a significant rally in the fourth quarter. Fed cattle prices have recovered 12 to 15 percent since mid-October while feeder cattle are up 10 to 12 percent. Calf prices have increased about 25 percent since the October lows.
"Feedlots have marketed cattle very aggressively since February resulting in higher than expected slaughter rates. Steer slaughter has not pulled back so far in the fourth quarter, as expected, and is up 7.2 percent for the year to date compared to last year. Steers on feed in feedlots as of October 1 was down 1.4 percent from one year ago, indicating that feedlots have pulled cattle, especially steers, ahead; thereby tightening future supplies. As expected, heifer slaughter is up 3.5 percent year over year so far this year with sharply higher heifer slaughter rates in the second half of the year more than offsetting decreased year over year heifer slaughter early in 2016. Beef cow slaughter is also up as expected this year, with the year to date total up 13.4 percent. Despite this sharp increase in year over year beef cow slaughter, the 2016 net herd culling rate is projected at less than 8.5 percent, less than average and consistent with modest herd growth for the year.
Click here to continue reading Dr. Peel's year-end market analysis.
|Grain Storage Crunch Caused by Record Crop Yields Translating into Higher Profits for U.S. Elevators
Exceptional harvests have created a storage capacity crunch at U.S. elevators and are contributing to a brighter economic outlook for elevator operators, according to a new research report from CoBank.Record yields of corn, soybeans and grain sorghum are competing for storage space with the large wheat inventories harvested earlier this season. At the same time, futures markets are also incentivizing farmers to store crops well into next year. As a result, the value of grain storage space is on the rise, and storage shortages have been widely reported across the Western Corn Belt, and Central and Southern Plains regions."This year's crop abundance is a welcome change for grain elevators that suffered depressed profits last year," says Tanner Ehmke, a senior economist at CoBank and author of the new report. "With demand for storage being the highest in recent years, elevators will benefit from collecting more on storage fees in addition to capturing substantial carry in the futures market and the ability to buy basis at a much cheaper level than last year."Click here to read more about the "Grain Storage and Transportation Logistics in 2016 - 2017" report and find a link to a synopsis of the findings.
|Monsanto Unveils World's First Upstream Corn Inoculant After Scientists Solve Spore Stability Puzzle
As part of their commitment to develop and commercialize innovative microbial solutions for farmers through The BioAg Alliance, Monsanto Company and Novozymes Monday shared details of their newest product, the corn inoculant Acceleron® B-300 SAT. Derived from a fungus found in soil, Acceleron B-300 SAT showed a two-year average yield advantage of more than 3 bushels per acre. The Acceleron B-300 SAT inoculant will be applied to all of Monsanto's new 2017 corn hybrids sold in the United States.
"Harnessing the power of nature's microbes, farmers will be able to produce more crops while helping farmers use fertilizer more efficiently and producing less CO2. This will benefit agriculture, consumers and the environment," said Colin Bletsky, Novozymes' Vice President for BioAg. "This is the first product jointly developed by Monsanto and Novozymes, and it shows the kind of innovation we can achieve in The BioAg Alliance. We believe it could be applied to more than 90 million acres by 2025 and become one of the biggest biological products in the ag industry."
Farmers use seed coatings to protect their crops from yield-robbing threats, to improve plant health, and to increase nutrient availability. Acceleron B-300 SAT increases plants' ability to take up nutrients and is an improved formulation of the JumpStart® inoculant (Penicillium bilaiae), a product that existed in Novozymes' pipeline before the formation of The BioAg Alliance.
The spores in previous versions of JumpStart last about 120 days on the seed after application. This means that farmers using JumpStart inoculants must treat their seeds within a short time before planting. With Acceleron B-300 SAT inoculant, scientists from Monsanto and Novozymes have developed a formulation that, when seed is stored in proper conditions, is viable for at least two years on the seed and is generally compatible with other seed coating chemistries. This allows Monsanto to coat the seeds with the microbial product before the seeds are shipped to retailers and farmers. Acceleron B-300 SAT inoculant is the first 'upstream' corn inoculant ever developed.
Click here to read more about the newest innovation from Monsanto and Novozymes.
For nearly a century, Stillwater Milling Company has been providing ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
|HSUS Winning Several Battles - What Agriculture Can Do to Keep Them from Winning the War
State Question 777 - Right to Farm has been talked about a lot here in Oklahoma as the ag initiative that failed. One ag initiative that passed though, was Massachusetts' State Question 3, which dealt with confinement and housing systems used in animal production, namely for laying hens, hogs and veal. This measure was heavily supported and funded by the Humane Society of the United States. I recently spoke with Hannah Thompson of the Animal Agriculture Alliance about the implications this measure will have nationwide."It was by no means a grassroots effort - it was HSUS pushing this and funding it and getting their staff on the ground to promote it," Thompson said, explaining that Massachusetts was chosen specifically because the state has no large ag-based community to fight the group's agenda.The measure itself only impacts exactly one farm in Massachusetts, says Thompson. The message of this measure was essentially geared in fact to farmers outside the state, saying that they must conform to their standards if they want to sell to consumers in their state. HSUS seems to be leaning on this tactic more and more over the years and Thompson says they will continue to seek this type of legislation in other states and continue to apply pressure to restaurants and retail food suppliers."They've realized if the can get them on board, that's going to be a nationwide policy a lot faster than a ballot initiative," Thompson said. "I think in animal agriculture we have to all be united. We will all be on the plate eventually, so we all need to work together to combat this messaging."Listen to Thompson talk more about the threat posed by HSUS to animal agriculture during the latest Beef Buzz.
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.
|Smithfield Foods Announces Company's Commitment to Reduce GHG Emissions 25 Percent by 2025
Smithfield Food's Stewart Leeth, vice president of regulatory affairs and chief sustainability officer, released the following statement Monday announcing the company's commitment to reduce GHG emissions 25 percent by 2025."At Smithfield Foods, we are committed to continuously evaluating how we can optimize our operations while taking the lead in addressing environmental concerns. I am pleased to announce a new commitment that tackles greenhouse gas (GHG) emissions."Today, we became the first protein company to announce a commitment to reduce GHG emissions throughout our entire supply chain 25 percent by 2025. The total reduction is equivalent to 4 million metric tons or removing 900,000 cars from the road."To accomplish this far-reaching goal, Smithfield has partnered with Environmental Defense Fund (EDF), and will implement new projects and practices across its supply chain, on company-owned farms, in facilities and throughout its transportation network. Click or tap here
to read more about how Smithfield plans to achieve its goal to reduce GHG emissions.
|Santa's Naughty List for 2016- Spoiler Alert- Gina is Number One!
Tis the Season- and between now and December 25th- we will be sharing some of our favorite blogs and websites and other goodies that relate to the holiday- at least sorta relate to the holiday.
This first "share" comes from the blog of TheFarmersDaughterUSA
. This young lady is a strong ag advocate by the name of Amanda Zaluckyj,
who lives in Michigan.
She has several of these Naught Lists that she has complied over the last few years- and I thought you would enjoy her take on those who have done modern production agriculture wrong.
At the top of her list is our soon to be gone but not forgotten Administrator of the EPA, Gina McCarthy
For her explanation as to why the EPA deserves to be at the top of the Naughty List for Santa- and getting coal in their stocking(how appropriate for the EPA to get coal- hopefully really dirty)- Amanda writes "The EPA has been on quite a power grab lately, and they just don't want to stop. In 2015, they passed the power-expanding WOTUS rule, which was later halted by a federal court until further judicial review could be completed. This year, EPA implemented its Chesapeake Bay project, which was authorized under executive order. The plan would essentially allow the EPA to control private land use on a local level.
"But as if that wasn't enough, the Agency also gave taxpayer money to organizations that used the money to put up anti-agriculture billboards
in the State of Washington. The EPA admitted the funds were improperly used, but the damage had already been done."
If you would like to read who she tabs as the other nine offenders against farmers and ranchers, click here.
God Bless! You can reach us at the following: