|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!
FedCattleExchange.Com has a total of 5,133 cattle on their showlist for the Wednesday February 1st sale of finished cattle- details will be available after noon today by clicking here.
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, January 31, 2017
Senate Pro-Temp Mike Schulz of Altus Keeping Farmers' Interests in Mind this Legislative Session
For the second year in a row, Oklahoma is dealing with a budget deficit and as state legislators prepare for the 2017 Legislative Session, the agriculture industry can rest easy that it has a friend in high places. Serving as Senate President Pro-temp is Altus farmer, Mike Schulz, and he tells me he is confident that as discussions get underway to solve the budgetary situation, farm and ranch exemptions will be safe from likely sales tax reforms being considered.
"There's no one silver bullet out there that will solve this budgetary situation that we're in right now," Schulz said. "We're talking about reforming tax credit, tax incentives and we'll probably have some discussions about new revenue raising measures."
And while balancing the budget will be a major focus in the legislature this year, potential property rights, coupled with related water issues will also be on Schulz's mind. Although Schulz is unsure at this point if any such issues will crop up in this session, he asserts they will be a priority of his should they crop up.
"Property rights is always something we have to look for and defend," he said. "That's always certainly on my radar that pops up the quickest."
We talked about his plans to lead the Senate here in 2017- but we also had to talk about the exceptional cotton crop
of this past year and the prospects for even more cotton acres planted in Oklahoma this upcoming spring- to hear our full visit with the Senator Farmer- click or tap here
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.
Members of the pork industry are cheering news that came over the weekend from President Donald Trump, who has decided after his productive visit with UK Prime Minister Theresa May, that he will pursue action to strengthen trade between our two nations.
"We applaud the Trump administration for recognizing the importance of free trade agreements to American agriculture and the entire U.S. economy," said NPPC President John Weber, a pork producer from Dysart, Iowa. "We're pleased that it will work for a stronger trade relationship with the United Kingdom through a mutually beneficial trade agreement."
The NPPC is urging the president to start talks with our British friends as soon as possible to give our economy a swift boost. However, these negotiations will only be able to come after the UK officially leaves the European Union.
This departure, or "Brexit" as it is referred to, could take up to two years. In the meantime though, Trump says he and his British counterpart will begin laying the ground work to apply what practical measures they can put in place to get the process started.
To learn more about this budding relationship, click here
|Merck's Cash for Cartridges Program Funds Scholarship for Claremore Cattleman to Attend Cattle Industry Convention
Cattlemen from all over the nation will gather later this week, Feb. 1-3, in Nashville, TN for the 120th Cattle Industry Convention and NCBA Trade Show.
Among those attending from Oklahoma is Matt Boyer of Claremore who received a scholarship funded by Merck's Cash for Cartridges program, by the Oklahoma Cattlemen's Association.
The OCA was able to provide this scholarship through the program which works by Merck paying OCA for every empty Ralgro or Revalor cartridge collected each year. These dollars are being invested back into the industry by sending young leaders to NCBA events.
"It's exciting for me to see young cattlemen with a passion to learn and lead, like Matt. It's not only healthy, but vital to our organization and industry to continually identify and cultivate young leaders and provide opportunities for involvement," said OCA President Charlie Swanson.
Learn more about Matt and his opportunity to attend the Cattle Industry Convention this week, by clicking here
|Dr. Derrell Peel Calms the Waters After Latest Cattle on Feed Report Takes Industry by Surprise
The US Department of Agriculture surprised the industry last week after reporting placements were up nearly double what was expected in Friday's Cattle on Feed report for the month of January. According to Oklahoma State University's Extension Livestock Market Economist Dr. Derrell Peel, the market may have actually been trying to send signals to this effect in the feeder cattle complex. I caught up with Dr. Peel for his explanation.
"Clearly there was some demand for those cattle and we see that reflected here in the number of cattle it moved in the feedlot," Peel observed, referencing data points from the 4th Quarter of 2016. "Some of it is month-to-month timing and you have to be a little careful with these things not to read too much into any one month because occasionally it's just sort of lumpiness and we smooth it out over time."
According to Dr. Peel's summary the report showed feed inventories just fractionally higher, at 0.3 percent compared to a year ago, with placements during the month of December up 17.6 percent and marketings at an increase of 6.8 percent. And while the placement figures may be alarming, Peel says when all these numbers are put into the equation, the resulting translation is a bit more uplifting.
"We're moving more cattle through feedlots, so the inventory is not bigger; it's not equal to a year ago after being down for a couple months," Peel reassured. "And even though the placements were bigger on this one month in total, what we've done for several months now is actually marketed cattle faster than we've placed them."
You can read more or listen to Dr. Peel's complete analysis of the numbers in Friday's Cattle on Feed report released by USDA, in my full conversation with him, on yesterday's Beef Buzz - click here
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.
|USDA Will Offer Answers Later Today About the Growth of the US Beef Cow Herd the Past Twelve Months
This afternoon at 2pm Central, the US Department of Agriculture will release the January first Cattle Inventory report, providing a snapshot of the size of the US cattle herd as of January first. Expectations are that it will show further growth in the size of the US Beef Cow Herd, which has been recovering in recent years from drought that hit the southern great plains at the beginning of this decade.
Oklahoma State University Extension Livestock Economist Dr. Derrell Peel believes the report may show as much as one to two percent growth in the size of the US Beef Cow herd that was pegged at 30.3 million head as of January 1, 2016. Beef producers added a million beef cows in 2015- growing the herd from 29.3 million to 30.3 million head that year. The increase in 2016 from 2015 was four percent.
Dr. Peel says a number that he will be watching closely in today's report is the Beef Cow Replacement figure. The last two years- the January first Beef Cow Replacement numbers have hit 6 million and 6.2 million head respectively. Peel thinks that number will be substantially under that for January 1, 2017- based on larger numbers of heifers being placed into feedlots in recent months.
To hear Peel's specific comments about what he is expecting in today's report- click or tap here.
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Mike Johanns and Dan Glickman, two former US Secretaries of Agriculture serving under former Presidents George W. Bush and Bill Clinton respectively, co-authored an article featured recently in the Morning Consult, examining the benefits of the Dow-DuPont merger, through the lens of an American-owned agriculture company, championing the interests of the American farmer.
"As former U.S. secretaries of agriculture from both sides of the aisle, we know firsthand that the contributions made by farmers and agribusinesses of all sizes are rarely given the credit they are due. American farmers help to drive the U.S. economy and create new opportunity in rural communities. They contribute almost $1 trillion
to U.S. gross domestic product each year and exported $129.7 billion
worth of American-grown and -made products in fiscal year 2016 alone. By 2050, a growing global population will need twice as much food as the world can produce today, which presents even more new opportunities for American farmers.
"With new opportunities come new challenges. Looking forward, we see headwinds acting against the livelihoods and future global competitiveness of American farmers and the security of our national food supply: the unmanageable cost of innovation and the need for a strong, focused American-owned agriculture company.
"There is no greater imperative for global agriculture than science and technology. Mother Nature throws farmers an endless stream of curve balls, from new weather patterns to spreading pests. As the challenges evolve, the needs of farmers for new products and services evolve, too. Those who grow and consume food depend on tools focused on reducing water usage and raising drought resistant crops; nutritional advancements that assure the hungry are fed and improve overall health and well-being; better planting techniques and conservation and tillage practices that improve and preserve soil health; practices that reduce post-harvest loss and food waste; and new seed varieties that can stand up and thrive under the most difficult conditions, among others.
"But as costs of discovery and commercialization rise, and agriculture has become both more global and more competitive, fewer and fewer companies have the scale to afford the costly, end-to-end process from discovery through development and regulatory approval that is required to bring new products to farmers. With fewer and fewer companies having the capability to do so, farmers everywhere face the prospect of limited choices and fewer new products."
For the full story, continue reading by clicking here
|This N That- Pruitt Vote Coming in EPW, Perdue on Back Burner and Nashville Notes
Politico is saying that we could see a vote on Oklahoma Attorney General Scott Pruitt as early as tomorrow in the Environment and Public Works Committee in the US Senate- that would pave the way for a vote in the full Senate as Pruitt gets closer to being confirmed as the Administrator for EPA in the Trump Administration.
Meanwhile- Sonny Perdue is on the back burner when it comes to confirmation as Secretary of Agriculture. It could be well into February before a confirmation hearing is held by the Senate Ag Committee- and a vote in the Committee would follow that a week or more later- giving the candidate to respond to written questions from Committee members. It could easily be March first before Perdue makes it through the process.
Meanwhile- anti Sonny forces are saying he will be a Secretary of Ag only for Big Food and Big Ag- click here for one such rant out there on the World Wide Web.
Things will be getting busy later today here in Nashville at the 2017 Cattle Industry Convention and NCBA Trade Show. The folks involved with the trade show will be setting things up today- official start of the Trade Show is tomorrow at 4 PM.
Cattlemen's College happens much of the day tomorrow as well- and there are early committee meetings and Board meetings happening this morning and afternoon.
We will be reporting the rest of the week here from Nashville- here in the email, on our website, on the radio, on Twitter and on Facebook as well!
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