|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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, April 24, 2017
|Sonny Conditions in DC as Senate Returns from Easter Recess for Perdue Vote This Afternoon
According to the US Senate website- Senators will be getting back in Washington from the two week Easter recess- with work on the Senate floor to start at 3 PM Eastern- 2 PM Central-
"Convene and proceed to executive session to consider the nomination of Sonny Perdue, of Georgia, to be Secretary of Agriculture."Perdue will quickly be sworn in and the wheels of USDA will start turning.
The expectation is that once the vote is taken- and no one expects anything except a yes vote for confirmation-
Dozens of key USDA positions need to be appointed- some needing Senate confirmation and others needing simply to be selected by Purdue and his team.
|Latest Cattle on Feed Report Reveals a Strong, Aggressive Market Not Afraid to Set Its Own Pace
The latest Cattle on Feed report came out from the USDA on Friday, revealing higher than expected placements. But these numbers were watered down a bit by the marketings - so says Dr. Derrell Peel of OSU. I reached out to him for his initial reaction to what the USDA had to say about the current standing of the cattle industry's inventory. Peel says based on first impressions, this report will probably be viewed a bit negatively and that it will be tough to decipher how markets will react. But the numbers that really stuck out to Peel, were the placements.
Placements in feedlots during March totaled 2.10 million head, 11 percent above 2016. Placements were the highest for March since the series began in 1996. Net placements were 2.05 million head. During March, placements of cattle and calves weighing less than 600 pounds were 350,000 head, 600-699 pounds were 295,000 head, 700-799 pounds were 620,000 head, 800-899 pounds were 585,000, 900-999 pounds were 185,000, and 1,000 pounds and greater were 67,000 head.
"I think it reflects a couple of things," Peel contended. "Obviously, it reflects just a general growing supply of feeder cattle. But more importantly, it reflects the fact that when you look at the change in improvements for feedlot profitability - looks much better."
When compared to the marketings numbers in the report though, Peel says he sees a market that has performed aggressively and stayed fairly current.
"Some people have probably overlooked the marketings numbers for the last several months," Peel proposed. "I think what we've done over the last six to eight months with marketings is what really sets up this strong cattle market we have today."
You can read more or listen to Peel offer his full reaction to this report by clicking here
. To view the report itself, click here
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
The latest "Lincoln to Local" video from the Oklahoma Farm Bureau features action from the 2017 State Legislative session. As the final month of the legislative session nears, Farm Bureau's LeeAnna McNally
discusses again the problems with HB 1374 and property tax increases, along with proposed revenue raising measures like fuel tax increases. McNally also shares some recent facts on Oklahoma's abundant water resources and the vital need to develop water.
Oklahoma Farm Bureau is urging their members to contact their State Senator to vote no on HB1374.
Watch Lincoln to Local with hostess Hannah Nemecek
and Farm Bureau lobbyist LeeAnna McNally by clicking here
MEANWHILE- The folks at AFR are tooting the same horn - asking their members to join in the call to action to contact their local lawmakers and push for a No Vote on HB 1374.
"HB 1374 would allow municipalities to increase ad valorem taxes in order to fund salaries, employee benefits and equipment for public safety services," AFR stated in a recent call to action. "This tax increase circumvents the state constitution, does not require a super majority vote and sets a dangerous precedent for the future. Please contact your state legislator today and ask them to vote NO on HB 1374."
|Fed Cattle Exchange Standoff Leads to Higher Trade
hosted a revealing trading session during this past Wednesday morning's offering. While some southern cattle in Kansas, Texas and Oklahoma traded around $129, which was steady with trade seen last week across most of the country, commercial feed yards in the north illustrated their desire for higher prices this week as they started offering cattle at $132-$133 for immediate delivery and $131 for deliveries into the 2nd and 3rd week of May. As the trading session continued to unfold, northern cattle feeders were unfazed by the market's activity and held their ground at the $132-$133 pricing; while southern feeders were comfortable trading cattle par with last week's pricing and taking advantage of a historically positive basis over the June Live Cattle CME contract. This offering was important because it displayed producer's intentions as they were adamant on holding their ground and seeing higher prices by the end of business.
Once the trading session concluded, packer bids in the south stayed around $130, which resulted in many cattle feeders passing. Shortly after bids were increased to $131 and ultimately as high as $133, resulting in many producers getting their cattle sold.
This Fed Cattle Exchange offering spoke to the fact that cattle feeders are willing to take calculated risks and not settle for steady prices this week.
to see the full release on this story from the Exchange.
We finished last week's features of Oklahoma FFA's District Stars in Agribusiness, with Anna Crosswhite
of the Kingfisher FFA Chapter, representing the Northwest District. Crosswhite first developed her interest in beekeeping during the 7th grade after reading about the vocation in a book from her school library on self-sufficient farming. Eventually, Crosswhite's interest turned into a practicing hobby when she got her first hive. Now, years later, she has turned it into a steady business.
Today, I actually have 22 hives," she said. "Over the years, I've been lucky enough to get grants for my SAE whether it be from Monsanto or the American Beekeeping Federation. I've used these grants to purchase larger colonies and spent the profits on new equipment."
Crosswhite makes her money beekeeping, selling the honey her bees produce. She says her profits come to her all at once, because she only extracts the honey from the hives once every summer around the end of June. She then sells her honey for $15 a jar.
"This past summer I was able to extract 150 pounds of honey," Crosswhite said. "If it weren't for FFA I'd never have been able to take my small hobby and turn it into a successful business. FFA has really taught me to take all of the things I love and actually make them something realistic."Click or tap here to read more- and to have a chance to listen to our visit with Sarah during the judging of the State Stars a couple of weeks ago.
Our salute of the 2017 District Stars of the Oklahoma FFA is brought to you by American Farmers & Ranchers, proud to support Oklahoma's youth. Visit the AFR website by clicking or tapping here to learn more on how AFR supports the young people of Oklahoma, and how AFR can provide you with quality insurance for your home, auto, farm, and life.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|This Month's Report Marks Fourth Anniversary of FooDS Survey, See What the Data Reveals
On Friday, Dr. Jayson Lusk of OSU released the results of the April 2017 edition of the Food Demand Survey (FooDS). Compared to one month ago, willingness-to-pay (WTP) decreased for all meat products except deli ham. WTP for pork chops reached the lowest point in the almost four-year history of FooDS. WTPs for all meat products are lower than one year ago, except for hamburger.
Expenditures on food eaten at home fell 2.08% from March to April and expenditures on food purchased away from home increased 2.81%. Consumers expect a slight decrease in beef, chicken, and pork prices compared to one month ago. Consumers plan to buy more chicken, beef, and pork compared to last month. Plans to eat out decreased slightly compared to last month.
Also, several revealing ad hoc questions were asked of respondents pertaining to food security, preferences regarding undesirable information, and hydroponic vegetables.
To find out how respondents answered these questions and how this month's data compares to the last four years worth of data collected by Dr. Lusk, click here.
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.
The National Association of Wheat Grower officers are in Washington this week- planning on meeting with lawmakers as they return from the two week Easter holiday recess- and perhaps to offer congratulations in person to Sonny Perdue
, as a confirmation vote for the former Georgia Governor is expected this afternoon.
Current Vice President Jimmie Musick
of Sentinel, Oklahoma talked with me about the time this week in DC- we discussed the fly in on Saturday at the Oklahoma City Farm Show as he stopped at the RON booth.
Musick says that they plan on reminding lawmakers about staying the course on Crop Insurance as an integral part of the federal farm safety net- and that NAWG hopes to encourage Secretary Purdue to be a strong advocate for agricultural interests within the Trump Cabinet. Click or tap here
to jump over to our website to hear our conversation with Musick.
|Thanks for Coming By at the 2017 Oklahoma City Farm Show
Thanks to so many of you coming by and saying hello and visiting with us at the 2017 Oklahoma City Farm Show
- all in one building this year at State Fair Park- along with a good sized group of exhibitors outside on the pavement just to the south of the new Bennett Event Center- the Midwest Show Folks did a great job of reorganizing everything from three buildings down to the brand new HUGE Bennett building.
AND- we are pleased to say CONGRATS to Andrea Whittington
of Leedey, Oklahoma- she won the Priefert Round Pen that we gave away Saturday afternoon- after we contacted her- she and her husband headed for the city to pick up their prize:
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, OERB, 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!
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: