From:                              Ron Hays <> on behalf of Ron Hays <>

Sent:                               Tuesday, May 24, 2016 5:34 AM

To:                                   Pam Arterburn

Subject:                          Oklahoma's Farm News Update




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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 futuresclick here for the report posted yesterday afternoon around 3:30 PM.



Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices - as reported by the Oklahoma Dept. of Agriculture for Monday 5/23/16.



Futures Wrap:  

Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.


Feeder Cattle Recap:  

The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.


Slaughter Cattle Recap: 

The National Daily Slaughter Cattle Summary- as prepared by the USDA.


TCFA Feedlot Recap:  

Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.





Our Oklahoma Farm Report Team!!!!


Ron Hays, Senior Editor and Writer


Pam Arterburn, Calendar and Template Manager


Dave Lanning, Markets and Production


Macey Mueller, Email and Web Editor



Oklahoma's Latest Farm and Ranch News

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Your Update from Ron Hays of RON

    Tuesday, May 24, 2016



Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 

BayerMonsantoFeatured Story:

Bayer Makes the Offer- Wants to Acquire Monsanto for $62 Billion



After several weeks of speculation that someone would be officially bidding for Monsanto- the offer has arrived. 

The German industrial giant Bayer revealed its $62 billion takeover bid for Monsanto on Monday as it seeks to create a new titan in the world of farming. it appears that they have beaten BASF to the punch with their offer.


Monsanto, based in St. Louis, is the world's biggest manufacturer of genetically modified crop seeds. Bayer is hoping to unite that business with its own pesticide operations, forming a one-stop shop for farmers. The combined company, with $67 billion in sales, would produce an array of products including pain medication, G.M.O. seeds and pesticides.


If it eventually happens- and that will be after a huge amount of regulatory scrutiny- the initial offer is for $122 per share- all cash. Shares of Monsanto have gone up- shares of Bayer on the German stock exchanges- have gone down.


Bayer has launched a website dedicated to the deal- which can be explored by clicking here.


On the website, Advancing Together, Bayer says this is all about being at the cutting edge of advancing agriculture- "This transaction would create a leading integrated agriculture platform with a broad product portfolio. The combined business would benefit from a combined R&D pipeline that would deliver valuable and innovative solutions for farmers, with a focus on long-term investments to help advance the next generation of farming."


One of many stories out on the web that you can read on the proposal comes from the home town of what would be the North American headquarters for new company- St Louis. The Post Dispatch has a detailed article about what is being said may be an uphill battle for Bayer to get this deal done- "The offer, which values Monsanto's equity at about $53 billion, represents a 37 percent premium to the May 9 closing price. The payment would be funded with a combination of debt and equity. Bayer doesn't envision selling any assets to fund the purchase." 



From CNN- they have an op-ed that is calling the deal a nightmare for America- Leah Douglas is the author and is clearly not a fan of modern ag technology- and even less of a fan of further industry consolidation.  Her voice- and others- will be a significant part of the conversation on this merger- as well as the ChemChina effort to buy Syngenta and the Dow and Dupont Merger that are now in the works. 


The current downturn in the farm economy has helped drive these deals- but that's not the only reason for them- the dollars needed for R&D and the resources required to navigate the patchwork of regulations globally have pushed these big players to consider getting even bigger. 


Lots of react will be coming from folks across the spectrum in farm country- we will be passing it along to you in the days to come.



Sponsor Spotlight



The presenting 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. 




CropsNational Corn and Soybean Planting on Schedule With Five-Year Average, Local Wheat Looks Good


The latest U.S. Department of Agriculture crop progress report has corn planting 86 percent complete nationally. That's up 11 percent over last week and nearly right on par with the five-year average of 85 percent. USDA reported 60 percent of the crop has emerged in the top 18 states that plant 93 percent of the nation's corn acres. Emergence was 9 points behind last year but 17 points higher than last week. Soybean planting has reached 56 percent. That's a gain of 20 points over last week and four points ahead of average. 

The Oklahoma wheat and canola crops continue to look strong this year. In the weekly crop progress report from USDA, the wheat crop condition rated 57 percent good and 9 percent excellent condition, 28 percent fair and only 6 percent percent poor to very poor. This year's crop looks to be in much better condition than last year's, with a 20 point increase in the good category. Winter wheat headed reached 99 percent complete, slightly above normal for this time of year. More than half of the state's canola crop is rated good or excellent. Row crop seeding is ahead of schedule with 38 percent planted. Seventy-five percent of corn was seeded by Sunday, down 13 points from normal. 

Winter wheat harvest is underway in Texas, but wet conditions across many areas have delayed cutting. Forty-seven percent of the wheat crop is rated in good to excellent condition, with 41 percent of the crop in fair condition and 13 percent in poor to very poor condition. The wheat crop is 6 percent harvested, up 3 points from last year, but down 4 points from the average. Corn planting gained only 1 point with 79 percent of the crop planted and 65 percent emerged. Sorghum was 72 percent planted, soybeans were 65 percent, cotton was 31 percent done and peanuts were 50 percent planted. 

The Kansas wheat crop rated 59 percent good to excellent, 33 percent fair and only 8 percent poor to very poor condition. Winter wheat headed was 96 percent, near 92 last year, but ahead of the five-year average of 83. Corn planting was at 90 percent, ahead of 82 last year, but near the 88 average. Sixty-one percent of the corn crop is emerged. Soybean planting was at 21 percent complete, cotton planting was six percent and sorghum was at six percent. 



Click here for links to the complete USDA Crop Progress report and each state's individual report.


PeelOSU Livestock Market Economist Derrell Peel Sees Improving Cattle Industry Conditions in Last Friday's Cattle on Feed Report


On a weekly basis, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This week Dr. Peel looks at last Friday's Cattle on Feed Report and where we stand in the southern plains with pasture and range conditions.

"Feedlot inventories on May 1 were 10.78 million head in feedlots over 1000 head capacity.  This is up 1.3 percent from May 2015.  Placements in April were 107.5 percent of year ago levels; the third straight monthly increase in feedlot placements.  April marketings were 101.2 percent of last year. The contrast between last year and this year in the feedlot industry is telling.  In 2016, it is clear that feedlots are building inventories; placing more cattle in the face of larger feeder cattle supplies.  Marketings are also higher now and turnover rates have increased.  One year ago, placements were low but feedlot inventories were steady because marketings were slow and feedlot turnover was sluggish. 

"Though feedlot inventories are now above year earlier levels and climbing, the industry is in better shape; leaner and more agile going into larger cattle supplies for the remainder of the year.  Cattle slaughter is up 2.7 percent for the year to date but is up 4.4 percent year over year in the past six weeks.  Seasonally, the largest cattle slaughter will occur in the next month but feedlots have pulled cattle ahead in April and May which will temper seasonal slaughter peaks in June.  More importantly, aggressive feedlot marketings have brought carcass weights down dramatically. In the latest carcass data, steer carcass weights, at 862 pounds, dropped below year earlier levels for the first time since June, 2014.  Overall cattle carcass weights, with steers, cows and bulls all down year over year, are below year earlier levels for the first time since the last week of 2013. Heifer carcass weights remain slightly above year ago levels but have also fallen sharply in the past few weeks.




PolicyPolicymakers, Retailers Influence Production Agriculture


Written by Evan Whitley, The Samuel Roberts Noble Foundation



"The U.S. agricultural community has and will continue to respond to consumers' needs. Regardless of whether it be changing specific management practices to fit market-driven programs (e.g., natural and organic) or adopting new technology to ensure added efficiency resulting in greater product availability for a growing population, the U. S. agriculture industry has always been poised and ready to meet a challenge. Yet the challenges the industry faces today are not as clear-cut as just producing more with less or keeping a few more records to broaden marketing opportunities. It is becoming increasingly apparent that in the not-so-distant future, a broader population of producers will be asked to respond to market signals that are even more dynamic and in many instances counter-intuitive to previous mindsets and management practices.

"An example of this conundrum is the fact that in mid-March, Whole Foods, a well-recognized natural and organic purveyor, announced it will begin replacing faster-growing poultry breeds with slower-growing varieties. This move, expected to be complete by 2024, will reportedly increase average broiler time to market by 23 percent or from the typical 42 days to between 56 and 62 days (potentially a 40 percent increase). After many years of selecting for improved efficiency, at least one retailer, regardless of total market share, is seemingly indicating to its industry partners to not only slow down but to stop chasing efficiency.

And Whitley adds that there is also the battle over GMO Labeling, as being played out in Vermont.  He writes "Although Vermont is a relatively small market, the impacts are important due to overall supply chain integration and the inefficiency of production measures geared to meet specific regional/state requirements. As a result, larger food manufacturers are implementing shifts to production measures and labeling methodology that will impact nationwide distribution."



Click here to read more about what Evan sees as some of the changing influences on American production agriculture.



Sponsor Spotlight



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And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.   


BeefBuzzOklahoma Quality Beef Network's Gant Mourer Says Value-Added Programs Really Do Pay Off


The Oklahoma Quality Beef Network is a joint project of the Oklahoma Cooperative Extension Service and the Oklahoma Cattlemen's Association to help producers improve the quality of their cattle and better access value-added marketing programs. OSU Extension Beef Value Enhancement Specialist Gant Mourer says that value was seen this past fall and winter when feeder cattle prices collapsed.

"It was a really hard year, and every week, as we approached December, it seemed to get harder and harder and a lot of us went through that," he says. "But what we found is pre-conditioning these cattle, we still maintain the value of those animals."

Mourer says that while most producers still lost money during the down trending market conditions, those who participated in a value-added program mitigated their losses.

"Just simply hanging on to that calf for 45 days and not managing them at all, not weaning them, not doing anything with them - we lost about $250 a head over that short period of time," he says. "But through these management practices and marketing that way - or being a reputable producer - we only lost about $100 a head. So we saw about $100 to $150 a head value in a down market year."

Mourer says there are many choices when it comes to choosing a pre-conditioning program. He suggests working with a veterinarian to identify appropriate vaccination protocols. 

OQBN is starting to set dates for 2016 sales. Mourer says producers looking to qualify for the program can find specific information at

Hear more about the benefits of the Oklahoma Quality Beef Network during the latest Beef Buzz.


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.


MexicoUSDA Leading U.S. Ethanol Trade Mission To Mexico


USDA Acting Deputy Secretary Michael Scuse is leading a U.S. ethanol mission to Mexico on May 24-25 to explore trade opportunities between the two countries.

The mission participants include representatives from the Renewable Fuels Association, Growth Energy and the U.S. Grains Council who will attend meetings with government officials, legislators and the Mexican private industry.

As USDA explained, mission members will share their experiences with both ethanol production and the development of renewable fuels policies, with the goal of demonstrating how Mexico can implement its own renewable fuels program.

State-owned oil company PEMEX has plans to begin selling E6 (5.8 percent) ethanol-blended gasoline in selected cities in the Mexican states of Tamaulipas, San Luis Potosi and Veracruz. Implementation of a nationwide E6 fuel option in Mexico would create a potential market for 790 million gallons of ethanol (3 billion liters).

"Mexico, with the right policies in place, has the potential to achieve similar benefits producing ethanol from sugarcane," Scuse said in a statement. "We view this as a partnership that can provide benefits for both Mexico and the United States."



VFDUpcoming Noble Foundation Seminar Focuses on Veterinary Feed Directive


A new federal regulation that affects livestock producers, veterinarians and the feed industry is set to take full effect on Jan. 1, 2017.

To help prepare all parties impacted by this regulation, The Samuel Roberts Noble Foundation will host a Veterinary Feed Directive seminar from 1-5 p.m., Thursday, June 16, at the Noble Foundation Kruse Auditorium.

"Implementation of the Veterinary Feed Directive is a significant event in the livestock industry," said Bryan Nichols, livestock consultant. "Producers, veterinarians and livestock feed providers all must be aware of the implications of this regulation before it comes into full effect so the transition can be as seamless as possible."

To help provide understanding into the various facets of the new regulation, the Noble Foundation has put together a group of expert speakers that represents academia, the veterinary community and the feed industry.

Speakers include:

- L.D. Barker, D.V.M., veterinarian: Obtaining a Veterinary Feed Directive from Your Veterinarian.

- Brian Lubbers, D.V.M., Ph.D., Kansas State University Microbial Surveillance Lab director: Antibiotic Regulations and Resistance in Cattle Production.

- Richard Sellers, American Feed Industry Association senior vice president of public policy and education: Veterinary Feed Directive and the Feed Industry.

"This topic has generated a lot of questions," Nichols said. "This is a great opportunity to hear from experts in multiple fields who can answer many of those questions."

Click here for registration information.



BoxedBeefBoxed Beef Prices Shoot Higher- Ed Czerwein Explains All

The Market News Reporter for USDA in Amarillo, Ed Czerwein, regularly reports for us on the wholesale boxed beef market- and says this past week was a really good week. 

Ed writes "The daily spot Choice box beef  cutout ended the week last Friday at $225.96 which was $7.40 higher compared to previous Friday but it had dropped a little at the end of the week. There were 488 loads sold for the week in the daily box beef cutout which was only 8% of the total volume

"The Comprehensive or weekly average Choice cutout which includes all types of sales including the daily spot cutout was $215.47 which was $8.32 higher on the heels of the daily spot jump and also quite a few formulas were based on last week's big jump and formula sales have much more volume than the daily spot trade.

"There were 5784 total loads sold which was 1063 loads lower than the previous week. That was a big drop but many retail operations would have already gotten their Memorial day product the previous week and won't reorder until they see just how good holiday sales were."

Read more by clicking here- and we have in our web story his audio analysis of the weekly market as well- check it out!


Our thanks to Midwest Farms Shows, P & K Equipment,  American Farmers & Ranchers, Stillwater Milling Company, Oklahoma AgCreditthe Oklahoma Cattlemens Association, Pioneer Cellular, 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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