Subject: Oklahoma's Farm News Update
From: Ron Hays <>
Date: 12/27/2016 5:37 AM

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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 Friday, December 23rd.
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
   Tuesday, December 27, 2016

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
PurdueFeatured Story:
Purdue Economists Forecast Farm Incomes Will Likely Continue to Slump Next Year with Grain Prices Low 

Farm incomes will likely continue to slump next year with grain prices remaining at or near their lowest levels in about a decade, according to an analysis by agricultural economists at Purdue University. 

U.S. agricultural exports are expected to recover slightly after two years of decline, but not nearly enough to offset increasing global grain stocks, said Chris Hurt, editor of the Purdue Agricultural Economics Report. 

"In the last three years, U.S. production has outpaced usage for corn, soybeans and wheat," Hurt said. "Abundant inventories of grains and soybeans mean low prices." 

"Market prices in the next few years will be in the process of adjusting acreage to cause increases in corn and wheat prices but at the expense of more soybean acres and lower bean prices," Hurt said. 

Livestock producers typically benefit when the grain they use to feed their animals is cheaper. But three years of steadily increasing production has kept beef cattle prices low with little recovery in sight, said Jim Mintert, director of the Center for Commercial Agriculture.

Dr. Mintert- who was the Extension Livestock Market Economist for several years at K-State, says that stocker cattle prices are low enough to perhaps halt expansion of the beef cow herd in 2017.

Click here to read more from both Chris Hurt and Jim Mintert with their take on what 2017 may hold for farmers and ranchers.

Sponsor Spotlight

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.

COFReportNo Surprises in the Cattle on Feed Report Says Derrell Peel, Calling it Neutral and Well-Anticipated 

Last Friday, the USDA released this month's Cattle on Feed report, revealing fairly large percentages in the net result. However, the most notable takeaway that drew attention is the fact that the report shows there is currently one percent fewer cattle than a year ago. I caught up with cattle market watcher Dr. Derrell Peel for his initial impression of the report, which he called slightly bearish but overall neutral and well anticipated.

"I don't think it was a major surprise," Peel said. "The placement number was maybe a little bit bigger - certainly within the range of expectations - might have been a little bit bigger than the average trade guess."

Overall though, Peel concludes that this year has finished out as good as could have been hoped for in the current climate.

"2016 has been a pretty good year in terms of the way feedlots have managed cattle inventories and flows and certainly as the market changed from what they were doing this time last year," Peel said, "where they did in fact create a worse wreck by holding cattle and failing to move them through the system on a timely basis."
You can listen to my full interview with Dr. Peel as he breaks the numbers down in this report, by clicking here.

In what seems to be an annual occurrence now, since South Korea's first outbreak of Highly Pathogenic Avian Influenza in 2003, the Asian nation is again battling the epidemic. This time they are fighting both a familiar strain and a new strain, H5N6, never seen before within their borders.

The first case of HPAI this year was reported on November 16th and has since continued to spread rapidly. Thus far, the magnitude of the affect has involved 92 reported cases, 76 of which have been confirmed by authorities. In total 204 farms have been confirmed positive for HPAI. Pursuant to Korean policy standards, more than 16.7 million birds on 344 farms have been culled at this point, with plans to cull an additional 2.4 million on 22 farms.  

Two days after the initial reports of the outbreak, the South Korean government raised the crisis warning level to "serious," the highest level on the scale. This is the first time that the Korean government has raised the warning to this level. As a result of this designation, a more intensive government response will be invoked. Precautions to curb the spread of infection are being taken including the close monitoring and restriction of travel and transportation and more frequent, preemptive disinfections.
For more information on this developing story including a detailed report from the Global Agricultural Information Network, click here.

The United States Trade Representative's office announced last week that the US is poised to begin the process to reinstate tariffs on goods and products from the European Union in reaction to the EU's unfair treatment of US beef. I asked Kent Bacus, the National Cattlemen's Beef Association's director of international trade, for his perspective on this action. He says if the EU would hold up its end of the bargain struck back in 2009, we wouldn't be in this situation.

"In 2009 the United States and the European Union signed a memorandum of understanding in which the US would temporarily suspend retaliatory tariffs on European goods," Bacus said. "In exchange for that, the US beef industry would have duty-free access of upwards to 45,000 metric tons for beef from non-hormone treated cattle."

This agreement was made in the hopes that a bridge of trust could be built over time between US beef producers and European consumers, opening further market access down the road. Unfortunately, Bacus says the EU has failed to live up to their end of the deal.

"They have allowed other countries to access this quota and as a result, we have seen the US market share drastically decline," Bacus said. "So the question becomes, 'how can we fix this?'"

For last several years, Bacus says that the US government has tried to find solutions to this ongoing issue, but to little avail with the EU unwilling to cooperate. Therefore, the US has ultimately resolved to take this action in reinstating the tariffs to at least prevent the EU from taking complete advantage of US beef producers any longer.

Listen to my full conversation with Bacus regarding this action by the USTR to curb the EU's unfair trading practices, by clicking here.

Sponsor Spotlight

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.

The Oklahoma Association of Conservation Districts (OACD), Redlands Community College and the USDA Southern Plains Climate Hub will be hosting the next Central Oklahoma Soil Health Seminar Thursday January 19, 2017 from 9am to 3pm. 
This event will provide agriculture producers an opportunity to learn about some of the tools available to them both to improve the health of their soil and their financial bottom line.

Issues to be discussed at the event include USDA's Long-Term Agroecosystem Research (LTAR) network, including the use of unmanned aerial vehicles (UAV's) in research and farm- and ranch level applications; Green seeker technology and its applications in a soil health system; Whole Farm Insurance as a tool for producers interested in soil health; the new changes to the Conservation Stewardship Program (CSP), and a panel discussion of farmers and ranchers on technology adoption.

For more information, including instructions on how to register for this event, click here.
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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.


Fort Hays State University student Thor Burnside of Talala, Oklahoma is among ten top-notch college students, who are pursuing careers in the beef industry, and chosen for the 2017-2018 $1,500 CME Beef Industry Scholarships. The scholarship is sponsored by the CME Group and administered by the National Cattlemen's Foundation (NCF).

"We're pleased continue our support of the CME Beef Industry Scholarships, which provides education to future beef industry leaders," said Tim Andriesen, CME Group managing director of agricultural products. "Our partnership with NCF enables us to continue investing in accomplished university students who represent the next generation of food producers here in the U.S."

The CME Beef Industry Scholarship was introduced in 1989 in partnership with the Chicago Mercantile Exchange. Today this scholarship tradition remains strong by recognizing and encouraging talented college students who will one day be industry leaders. The National Cattlemen's Foundation and the CME Group are committed to the future of the cattle industry and continue to support outstanding youth in the beef community.
To continue reading this story and for a complete list of the scholarship recipients, click here.
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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