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Check the Markets!
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
here for the report posted yesterday afternoon around 3:30 PM.
Oklahoma Farm Report Team!!!!
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Markets and Production
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
As Wheat Tour
Begins- Kansas and Oklahoma Wheat Crops in Far Better Shape Than Year
The tour scouts will be heading out in six directions this morning as
the 2016 Wheat
Quality Council Winter Wheat Crop Tour gets rolling
out of Manhattan, Kansas. Their first stop tonight is Colby, Kansas-
night two- they will be in Wichita and then the wrap up happens in
Manhattan on Thursday afternoon. They are not going to Kansas
City this year since the CME moved the Kansas City Futures Market out
of KC to Chicago.
Based on the latest Crop Progress numbers- the scouts should be
seeing much better wheat than a year ago- scouts will see wheat
fields that have ratings in the good to excellent categories that are
almost twice that of last year- 27 percent of the crop was good to
excellent a year ago(it's 52% this year) and 32% was rated poor to
very poor as they toured the fields in Kansas last May. This year-
that poor to very poor number is just 10%.
Likewise- the Oklahoma crop is rated by USDA much higher than a year
ago- 64% of the crop is rated good to excellent this week, which is
up five percentage points from a week ago- and compares to 38% good to
excellent last year at this point. Twenty three percent of the crop
in 2015 was rated poor to very poor- while the number released
yesterday afternoon for the Oklahoma crop is just 5% is rated poor-
nothing in the very poor column.
The Wild Card
for Oklahoma will be how many acres were destroyed by the hail of
this past weekend- many fields were hit by falling
ice from the southwestern corner of the state up towards Canadian and
Oklahoma Counties- we may get some inkling of that on Wednesday when
we have the Oklahoma Wheat Crop Estimates discussed at the Oklahoma
Grain and Feed Association meeting- 10:30 at the Crowne Plaza on
If you care to follow the Wheat Tour via Twitter- you can by
searching for the hashtag #wheattour16.
By the way- we have all the details of yesterday's Crop Progress
Report from Uncle Sam- Corn Plantings, Milo Plantings as well as the
wheat ratings- click
here to check all of that out- we have links to several states in
our story online- including Oklahoma, Kansas, Texas and
Missouri wins the
big stuffed animal this morning for the work their
corn farmers have put in- they are now 89% planted- far ahead of the
47% five year average- WOW!
sponsor of our daily email is the Oklahoma Farm Bureau - a grassroots
organization that has for its Mission Statement- Improving the Lives
of Rural Oklahomans." Farm Bureau, as the state's largest
general farm organization, is active at the State Capitol fighting
for the best interests of its members and working with other groups
to make certain that the interests of rural Oklahoma are
protected. Click here for their
website to learn more about the organization and how it can benefit
you to be a part of Farm Bureau.
Derrell Peel Ponders
Whether Non Fundamental Feeder Cattle Futures Trade Harms Cash Feeder
Cattle Markets or Not
Dr. Derrell Peel,
Oklahoma State University Extension Livestock Marketing Specialist,
regularly offers his economic analysis of the beef cattle industry.
Today, Dr. Peel looks at the non fundamental nature of today's Feeder
"A growing chorus of cattle producers are expressing frustration
regarding feeder cattle futures markets. For many years, I have
defended the value of futures markets and the role of speculators in
making those markets possible. However, it is increasingly important
to ask and deal with questions and concerns, or the alternative may
"Feeder futures have become increasingly volatile in ways that
often appear unrelated to market fundamentals. Erratic futures price
movements and increased basis volatility makes it difficult or
impossible for the industry to use feeder futures for its two primary
roles of risk management and price discovery. Producers have
historically been quick to blame speculators for unwarranted
influence in cattle markets but without speculators there would not
be enough liquidity for most agriculturally-based futures markets.
"Since their inception in 1971, feeder futures contracts have
suffered from marginal levels of liquidity, which often limited the
effectiveness of the contracts. Feeder futures (and especially
options) have been thinly traded in the distant contracts making them
difficult to use. Liquidity is required for traders to have orders
filled quickly, completely and cost effectively. A question is, have
changes in recent years have aggravated the problem and threaten the
future viability of feeder futures?
R-CALF Sues USDA Over
Beef Checkoff - Claiming It is Illegal to Promote International Beef
With Checkoff Funds
Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America
(R-CALF USA) filed suit against the U.S. Department of Agriculture
(USDA) today, alleging that the agency's Beef Checkoff tax, which
collected more than $80 million in FY 2015, is being
unconstitutionally used to promote international beef, to the
detriment of U.S. beef products and producers. R-CALF USA, whose
members are independent cattle producers across the United States,
says that while its members must pay a $1per-head tax to the Checkoff
program, funds from that tax are used to convince consumers that beef
from R-CALF USA members' cattle - raised domestically and in
compliance with rigorous standards concerning safety, treatment and
quality - is no different than beef produced under far less stringent
procedures abroad. Click here to view the papers filed
against the USDA and Ag Secretary Tom Vilsack.
"The Checkoff's implied message that all beef is equal,
regardless of where the cattle are born or how they are raised, harms
U.S. farmers and ranchers and deceives U.S. citizens," said
R-CALF USA CEO Bill
Bullard. "Despite what we know to be clear
evidence about the high quality of beef raised by independent U.S.
cattlemen, we are being taxed to promote a message that beef raised
without the strict standards used by our members is the same as all
other beef, a message we do not support and do not agree with."
Under the Checkoff, all Montana cattle producers, including R-CALF
USA's members, are required to subsidize the programs of the private
Montana Beef Council, which is comprised of individuals closely
aligned with some of the largest multinational, industrial cattle
producers. In one promotion paid for by the Council, tax money was
used to fund an advertising campaign for fast food chain Wendy's, in
order to promote a product which could contain beef from 41 different
countries. In addition, Checkoff funds have been used to advance the
agenda of the National Cattlemen's Beef Association which promotes
the idea that "beef is beef, whether the cattle were born in
Montana, Manitoba, or Mazatlán."
This is not the first time the Beef Checkoff has come
under fire. Click
here to read more about the current lawsuit and other legal
NCBA's Colin Woodall
Talks WOTUS and the Status of Litigation
and ranchers have spent several years speaking out against the U.S.
Environmental Protection Agency's "waters of the United
States" rule. While the U.S. Court of Appeal for the 6th Circuit
issued a stay of the rule last fall, Colin Woodall, vice president of
governmental affairs with National Cattlemen's Beef Association, says
the fight will likely continue into the next presidential
The regulation continues to make its way through the legal system,
and Woodall says NCBA appealed a recent decision to keep the case in
the 6th Circuit.
"We felt we had a much better chance going into the Southern
District of Texas, where that judge was a little bit more
appreciative of everything we're going through in the overreach we
have seen from the EPA," he says.
Although the appeal was denied, it may not be the end of the road for
those who oppose the rule.
to Woodall talk about potential next steps for the WOTUS litigation
during the newest edition of the Beef Buzz.
We are happy to
have the Oklahoma
Cattlemen's Association as a part of our great lineup
of email sponsors. They do a tremendous job of representing cattle
producers at the state capitol as well as in our nation's capitol.
They seek to educate OCA members on the latest production techniques
for maximum profitability and to communicate with the public on
issues of importance to the beef industry. Click here for
their website to learn more about the OCA.
Former Congressman Wes
Watkins Gives Back to Oklahoma FFA
Oklahoma Congressman Wes
Watkins returned to his blue and gold roots last week
as he greeted FFA members during the organization's state convention
in Oklahoma City. Watkins says it was an FFA convention in Stillwater
years ago that inspired him to attend OSU and begin his journey of public
"It all started for me here in the FFA," Watkins says.
"I was a green country kid from Bennington, Oklahoma. I came to
OSU because the FFA got me up there, and the whole world opened up to
Watkins served as president of the Oklahoma FFA Association in
1958-59. He said the skills and values he learned while speaking in
public, learning parliamentary procedure and even competing in
livestock judging contests remain with him today.
"If we just carry what we learn in the judging contests - talk
the good points first - into our human relations, we'd be
wonderful," he says with a laugh.
He was excited to back among the current members discussing his new
biography - much of which talks about his experiences in FFA and the
impact the organization made on his early life. Watkins and his wife,
Lou, donated nearly 400 copies so that each FFA chapter in the state
could take one home.
"I owe the FFA more than I can ever repay it," Watkins
to Watkins, who represented Oklahoma's 3rd Congressional
District in southeastern Oklahoma for 20 years, talk with me about
his appreciation for FFA and the lasting impression it made on his
to Have the Latest Energy News Delivered to Your Inbox Daily?
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.
Animals Cannot Digest Plastic,
Birthday, wedding and graduation celebrations often
include releasing helium balloons. What a sight to see as the
balloons are released to gently float away.
However, that is about where this fairytale ends. The balloons
actually do not just float away never to be seen again.
"I don't think people realize the balloons don't just keep going
up forever. They come back down, often in important areas for
wildlife and in the ocean," said Dwayne Elmore, Oklahoma State
University Cooperative Extension wildlife specialist.
Released helium balloons and wind-blown plastic grocery sacks can be
ingested by animals or cause them to become entangled. Pictures of
wildlife species from all over the world suffering from human trash
are littered throughout the internet.
"Not only is it a hazard for wildlife, it's simply
littering," Elmore said. "It's not just a local problem,
either. Those helium balloons can travel many, many miles before they
While wildlife fatalities are hard to quantify, the impact on
livestock is quite evident for farmers and ranchers.
Boxed Beef Values Take a
Tumble- Ed Czerwein Offers His Analysis
a regular basis, Ed
Czerwein of the U.S. Department of Agriculture Market
News Office in Amarillo, Texas offers a review of the previous week's
boxed beef trade.
His latest report is all about falling values. Ed writes "The
daily spot Choice box beef cutout ended the week last Friday at
$211.45, which was $8.86 lower compared to the previous Friday. There
were 724 loads sold for the week in the daily box beef cutout, which
was about 11 percent of the total volume.
"The comprehensive or weekly average Choice cutout, which
includes all types of sales including the daily spot cutout, was
$214.11, which was $4.11 lower."
Read his full report- and take a listen to his commentary by clicking
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