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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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, May 3, 2017
Secretary Perdue Lists Trade, Labor and Regulation Reform Among His Top Priorities Moving Forward
I had the chance to attend a news conference with Secretary of Agriculture Sonny Perdue in Washington, DC this week during the National Association of Farm Broadcasters Washington Watch fly-in. The Secretary was questioned on a range of topics, one of the highlights included speculations on his pick for deputy secretary.
Specifically, Perdue was asked if he felt it necessary to appoint a Midwesterner to the post, to expand the geographical representation in USDA leadership.
"I don't necessarily need a deputy from the Midwest," Perdue retorted, denoting his understanding that not all of agriculture in centered in Georgia from which he hails. "But, we're very serious about geographical, as well as industry type of diversification. I want USDA to look like America.
"We're diligently searching for different people, deputies and undersecretaries of all those missionaries that will give us a diversification that look like American agriculture."
Regarding a timeline as to when a deputy secretary will be named, Perdue responded that he wished not to "get ahead of the boss" and that the timeline was at the discretion of the White House.
Find out Perdue's thoughts on other matters such as trade, the labor situation and regulatory reform, you can listen to several of his answers to questions from Farm Broadcasters by clicking here
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|Damage From Snow and Cold Temps Likely in Western Kansas- But We Don't Know Yet- The Day One Story from the Wheat Quality Council Tour
"It's too early to tell," was the theme of day 1 of the 2017 Wheat Quality Council's Hard Winter Wheat Tour across Kansas.
About 70 scouts left Manhattan early Tuesday morning, May 2, and made their way east to west across the state, ending up in Colby by evening. The average yield for the day between 18 cars and 222 stops was 43 bushels per acre. This was down from 47.1 bushels per acre over the same area last year.
One of those scouts was Chris Kirby
with the Oklahoma Wheat Commission- and she talked Monday evening with Dave Green
, Executive Vice President of the Wheat Quality Council about the discussion in Colby as scouts shared their findings.
Green told Kirby that many scouts on the tour seem to be disappointed that a determination of how much damage has been done because of the cold and the snow can not be made at this moment- but that the damage will take up to ten days before it really can be seen.Click or tap here
to listen to Chris and Dave talk about Day One from the Wheat Crop Tour- and read more from the Day One report session as well.
Day Two will take the scouts out this morning southward from Colby towards Oklahoma- one route actually dips into Oklahoma- and the one thing that we can absolutely guarantee the teams will find is MUD- it rained a lot overnight in much of the area that the teams are scheduled to visit today.
The Report Session for Day Two is in Wichita- and there will be an Oklahoma report given during that session- those numbers from Oklahoma will be pulled together this morning during the annual Wheat and Canola Reporting Session that will conclude the 2017 Oklahoma Grain and Feed Association meeting happening in Oklahoma City.We will be there and live tweeting from the report session
- before heading on to the 2017 Oklahoma FFA Convention. Click here for our Tweet Feed
|National Wheat Growers Association VP Jimmie Musick of Oklahoma Empathizes with Kansas Producers
Also during my visit this week in Washington, I ran into Jimmie Musick, a wheat farmer from Sentinel, OK and vice president of the National Association of Wheat Growers. He shared his concern for our neighbors in Kansas who are dealing with significant damage to their wheat crops, especially in the western part of the state, since Sunday's sudden winter storm.
"No one really knows what the extent of the damage is yet and won't for a week or so," Musick said. "It's going to devastate some of that wheat crop I don't have any doubt."
However, despite the challenges this presents, Musick agrees there is still a positive opportunity that can come of this. While the devastation is tragic in its own right, it does reinforce the necessity of crop insurance to be included in the Farm Bill.
"A great deal of these farmers in Kansas would be out of business without crop insurance," Musick asserted. "It's not an optional plan anymore, we've absolutely got to have it."
to listen to Musick's comments on the Kansas wheat crop situation and how it could impact Farm Bill negotiations.
|Trump's Tough Stance on Regulations During His First 100 Days a Good Sign of Things to Come
This week, I'm in our nation's capital attending the National Association of Farm Broadcasters Washington Watch Fly-in speaking with policymakers and influencers among the agricultural community. Yesterday, I had the chance to speak with Colin Woodall
, vice president of government affairs for the National Cattlemen's Beef Association, about President Trump's
first 100 days in office and the impact he has had on agriculture. He says so far, he is optimistic about what he has seen.
"Everything from the roll back of the Waters of the United States to several of the executive orders that have been signed, to the tax reform package that was submitted by the President last week," Woodall said. "All of these are very pro-agriculture; pro-cattle business."
Woodall says the ag community is excited to finally have an administration in which to work with and feels that meaningful advancements in policy may actually begin to happen with the leaders now in place. However, he points out that there is a significant amount of red tape that still must be cut through to kill regulations that are plaguing the industry, like WOTUS, once and for all. Right now, the main hurdle in doing this is answering two questions posed by the Supreme Court asking, what exactly is a "navigable water," and where does the jurisdiction lie on this matter? Woodall and his team hope to take advantage of having a friendly administration to get these questions answered and move the process forward.
"We don't have to fear EPA anymore. He wants to return a little common sense and science to the discussion. That really resonates with cattle producers," Woodall said, referring to EPA Administrator Scott Pruitt
. "We're excited about actually working together with the EPA to protect the environment."
Listen to my discussion with Woodall about his thoughts on how agriculture has been impacted by President Trump during his first 100 days in office, on yesterday's Beef Buzz - click here
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2017 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2017- the dates are December 7th, 8th and 9th. Now is the ideal time to contact Ron Bormaster at 507-437-7969 and book space at the 2017 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
|State Convention of FFA Heads for the Grand Finale This Evening- Lots of Highlights Expected Today
Downtown Oklahoma City has been invaded by the Blue and Gold- thousands of young men and ladies wearing their Blue and Gold jacket arrived in the downtown Monday and Tuesday- and today is a very big day for in many ways.
First- right after lunch- there will be a HUGE announcement
about the 2016-17 Oklahoma FFA Hunger Challenge
- record setting numbers that will be revealed at 1:30 today.
All I can tell you now is that Oklahoma FFA has done an awesome job in providing so much help in feeding kids in Oklahoma that depend on the Backpacks for Kids program of the Regional Food Bank of Oklahoma- and the Eastern Oklahoma Food Bank as well.
Later this afternoon- the Stars Over Oklahoma presentation will be made- and that means the 2017 Star in the Four Categories that we have been featuring in all of April will be announced- Star in Agriscience, Ag Placement, Agribusiness and Star Farmer will be made known.
Later today- we will have our videos that we have produced for the Show up on our website in the Blue Green Gazette
section- be looking for those late this afternoon after word comes from the Convention floor.
Finally- a BIG highlight of the evening session will be the naming of the 2016-17 State Officer team of the Oklahoma FFA. One member of the current officer will be announced as the new STATE President- while another seven FFA members will hear their names called as part of the officer team for the coming year. We'll have details on that tomorrow morning- plus the Stars- Plus the Hunger Challenge in the Thursday email!!! (Whew- I think I'm tired already!)
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According to the latest reading of the Perdue University/CME Group Ag Economy Barometer, producer sentiment bounced up six points during April, from 124 to 130. This edition of the barometer reading also marks one year since the metric was first launched.
This represents a vast improvement in producer sentiment since the barometer launched at 106 in April 2016, but remains overshadowed still by January's all-time high of 153 clocked at the beginning of this year.
It's noted that there is currently an ongoing trend of higher optimism among producers, despite two previous months of declines in the barometer.
Based on responders to the barometer survey, 54 percent said they expected prices to be about the same in 12 months.
"This is quite different from a year earlier as the share of respondents expecting lower prices in the April 2017 survey was more than double the 13 percent of respondents expecting lower prices in the April 2016 survey," said Jim Mintert
, principal investigator for the barometer.
Read the full April Ag Economy Barometer report including additional updates about commodity price expectations among producers and thought leaders, and looks at producers' willingness to make capital investments - click here.
The Department of Justice announced yesterday that Deere & Company and the Monsanto Company terminated Deere's attempt to purchase Precision Planting LLC from Monsanto. The department filed suit on Aug. 31, 2016, to block the acquisition, alleging that the transaction was a merger-to-monopoly in high-speed precision planting systems, an innovative technology that enables farmers to accurately plant corn, soybeans and other row crops at up to twice the speed of a conventional planter.
"Had this acquisition gone forward, significant head-to-head competition between Deere and Monsanto's Precision Planting - competition that has led to lower prices and more innovative products - would have been lost," said Acting Assistant Attorney General Andrew Finch of the Justice Department's Antitrust Division.
The proposed acquisition would have combined the only two significant U.S. providers of high-speed precision planting systems. Planting at higher speeds can be highly valuable to farmers, many of whom have a limited window each year to plant their crops to achieve the highest crop yields. As a result, high-speed precision planting technology is expected to become the industry standard in the coming years.
John May, president and chief information officer at John Deere, said, "We are deeply disappointed in this outcome as we remain confident the acquisition would have benefitted consumers."
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