|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 or tap here for this morning's Farm news from Ron Hays on RON.
Let's Check the Markets!
Monday January 2nd was the first trading day of the year for the Joplin Regional Stockyards
- they had a run of 10,861- click here
for a complete rundown of their first sale of 2017!
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- Justin returns this afternoon with his analysis.
Okla Cash Grain:
Daily Oklahoma Cash Grain
Prices- as reported by the Oklahoma Dept. of Agriculture- as of Friday afternoon- the last day of trading for 2016.
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, January 3, 2017
Robert Lighthizer Picked by PEOTUS to be USTR- Former Georgia Governor Sonny Perdue in the Lead to be USDA Secretary
President-elect Donald J. Trump this morning announced that he intends to nominate Robert Lighthizer as U.S. Trade Representative.
Ambassador Lighthizer served under President Ronald Reagan as Deputy United States Trade Representative, playing a major role in developing trade policy for the Reagan Administration and negotiating roughly two dozen bilateral international agreements on a variety of topics from steel to grain. These agreements were uniformly tough and frequently resulted in significant reductions in the shipment of unfairly traded imports into the United States.
In his new role, Ambassador Lighthizer will work in close coordination with Secretary of Commerce-designate Wilbur Ross and Peter Navarro, head of the newly created White House National Trade Council, to develop and implement policies that shrink our trade deficit, expand economic growth, strengthen our manufacturing base and help stop the exodus of jobs from our shores.
The complete release from the Trump Team can be seen by clicking here.
The word "grain" was the only acknowledgement of agricultural interests in the release- and points out the job that ag interests will have in making sure the Trump Administration understands how important trade deals are to farmers and ranchers.
MEANWHILE- Politico and Bloomberg have both reported that President Elect Trump has former Georgia Governor Sonny Perdue III is in the lead to be the Secretary of Ag for Donald Trump- but that it is still not a final deal.
Perdue is a graduate of a land grant University, the University of Georgia, has a DVM and started his business career practicing Vet Medicine. He was first elected to office in Georgia as a Democrat- switched over to the GOP in 1998 and was elected to two terms as Governor of that state. He just turned 70- and was one of the early names mentioned as a possible pick for the USDA job. He met with President Elect Trump at the end of November.
Politico reports they reached Perdue by cell phone and he would neither confirm not deny his possible selection to head the agency.
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.
|OSU's Derrell Peel Talks Market Factors for the New Year
Extension Livestock Market Economist Dr. Derrell Peel
offers up his first analysis of the new year saying "Cattle prices in 2017 are expected to average close to fourth quarter 2016 levels, though they will be lower than 2016 for year over year averages. Several factors may have a significant impact on cattle and beef markets in 2017 and may change current price expectations. These factors bear close watching in the coming year."
At the top of his list of factors for 2017 is uncertainty and volatility. He writes "Uncertainty and volatility, from a variety of sources, will continue to hover ominously over cattle and beef markets in 2017. Current U.S. macroeconomic conditions are encouraging; the stock market finished strong and unemployment was low at the end of 2016. However, the economy is gearing up for higher interest rates and potentially higher inflation moving into 2017. Uncertainty surrounds the changes that have been suggested by the incoming Trump administration. The economic impacts may be positive or negative or, more likely, some combination of both, but the uncertainty surrounding coming changes is without question a negative.
"In addition to U.S. macroeconomic uncertainty, global market uncertainty will likely continue in the coming year. The Brexit vote of last summer has been followed by several additional populist moves in Europe that add to global economic uncertainty. Separate but related to macroeconomic uncertainty, volatility in Live and Feeder cattle futures has significantly reduced the effectiveness of these tools for price discovery and risk management and contributed to additional cash market volatility, which appears likely to continue in 2017."Click here to read
about the other factors that Derrell sees as significant for the new year.
The Moisture of 2016- Helps Explain a Record Cotton Crop
There is a great map that shows the percentage of rainfall across Oklahoma for the just concluded calendar year. It tells you a lot about why we have a significant amount of drought as we end 2016 and begin 2017.
And when you look at the latest Drought Monitor- it makes a lot of sense based on the rainfall of 2016:
We are in the dry time of the year- but the hope is that some of the storm systems by early spring will help us catch up in some of the more troublesome areas of our state.
Clearly- the area of well above average rainfall is where we have just harvested a BUMPER cotton crop.
Agriculture Deputy Under Secretary Lanon Baccam
has announced that beginning Jan. 9, 2017, the U.S. Department of Agriculture (USDA) will offer an early termination opportunity for certain Conservation Reserve Program (CRP) contracts, making it easier to transfer property to the next generation of farmers and ranchers, including family members. The land that is eligible for the early termination is among the least environmentally sensitive land enrolled in CRP.
This change to the CRP program is just one of many that USDA has implemented based on recommendations from the Land Tenure Advisory Subcommittee formed by Agriculture Secretary Tom Vilsack
in 2015. The subcommittee was asked to identify ways the department could use or modify its programs, regulations, and practices to address the challenges of beginning farmers and ranchers in their access to land, capital and technical assistance.
USDA believes that the cost of land is a major barrier to beginning farmers being able to get into farming- and that is the reason for the changes in the CRP rules. Click or tap here to read more
about this decision by USDA regarding CRP contracts.
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.
|What HSUS And PETA Won't Tell You- A Great Read from an OSU Coed
Over the Christmas break- I ran across what I thought was a really excellent read by a student from Oklahoma State on HSUS and PETA are really all about.Whitney Turek
writes a blog on a website called OdesseyOnline which has student writers from Universities from across the country. Whitney is unique in that she often writes from a farm girl perspective- and as a result is doing well as an ag advocate.
Her blog article named What the HSUS and PETA Won't Tell You starts by saying "They don't know agriculture. It's time they stop acting like they do."
Whitney personalizes what agriculture is to the people living it- one of her examples has to do with shearing sheep.
"HSUS and PETA will show you advertisements of a sheep bleeding "so you can have your clothes."
What they don't want to tell you is the moment when the days start becoming hotter and spring weather begins to move out as summer moves in, the farm hands will bring in the sheep to shear their wool so we can, yes, have our clothes and the sheep may keep cool in the increasing temperatures- without having to touch the sheep's skin. They won't tell you this typically becomes a family event as the farmer and his hired hands hold the sheep and remove the wool as the farmer's wife brings glasses of lemonade and sandwiches out as the children have fun packing the wool down into the bags with their bare feet."
Check out the rest of her blog post- click or tap here to read.
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|Welcome to 2017- Check Our Calendar
Today, we really start getting 2017 into road gear with ag futures, the stock market, banks and government offices are all open for the holiday shortened week.
The first cattle market for 2017 was at the Joplin Regional Stockyards
- they had over 11,000 head and we have the link to the results in our left column of market links- right at the top.
We have added several things happening in the days ahead to our January calendar- click here to check that out.
Two meetings at the national level that help jumpstart 2017 are the Beltwide Cotton Conferences
that start tomorrow in Dallas- and the 98th annual convention of the American Farm Bureau
that cranks up Friday and goes thru the early part of next week in Phoenix.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, 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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