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Let's Check the Markets!
FedCattleExchange.com has a total of 1,396 cattle on their showlist for the Wednesday, June 7th 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, June 6, 2017
In the latest crop progress report released yesterday, the USDA rated the US corn crop condition at 68 percent good to excellent, 26 percent fair, 5 percent poor and 1 percent very poor. The Good to Excellent number improved by three points this week versus last week
but is well under the 75% good to excellent at this point in 2016. Soybean planted nationally is at 83 percent, up 1 point from last year and 4 points above the five-year average. The US winter wheat crop currently is 10 percent harvested, 8 points ahead of this time last year and 3 points above the five-year average. For the complete USDA Crop Progress report, click here
According to the weekly crop progress report from USDA, Oklahoma
winter wheat harvested reached 25 percent, up 4 points from normal. Canola harvested reached 35 percent. Sorghum planted reached 53 percent, unchanged from normal. Cotton planted reached 71 percent, up 22 points from the previous year and up 20 points from normal. Conditions of pasture and range were rated at 85 percent good to fair. To view the complete Oklahoma Crop Progress and Condition Report, click here
, winter wheat condition rated 9 percent very poor, 17 poor, 31 fair, 37 good, and 6 excellent. Winter wheat coloring was 62 percent, near 66 last year, but ahead of 53 for the five-year average. Mature was 7 percent. Corn condition rated 2 percent very poor, 7 poor, 30 fair, 56 good, and 5 excellent. Corn planted was 90 percent, behind 97 last year and 96 average. Pasture and range conditions rated 0 percent very poor, 2 poor, 16 fair, 65 good, and 17 excellent. To view the complete Kansas Crop Progress and Condition Report, click here
, winter wheat condition is 36 percent good to excellent, 49 percent fair, 15 percent poor and 1 percent very poor. Winter wheat harvested is at 58 percent, up 43 points from last year and 35 points above the five-year average. Cotton condition is rated at 53 percent good to excellent, 39 percent fair, and 8 percent poor, while at 73 percent planted. Pasture condition varied greatly throughout the state, depending on recent rainfall. To view the complete Texas Crop Progress and Condition Report, click here
.To sum up the current winter wheat crop condition
here in the southern plains- here's the Good to Excellent Ratings for this week and the change from last week:
Oklahoma 40% -9%
Kansas 40% -4%
Texas 36% +0%
MEANWHILE- the Oklahoma Wheat Commission
released a single paragraph on Monday afternoon on the Status of the 2017 Wheat Harvest- saying the rains of the past several days(since last Thursday) have halted harvest in most of Oklahoma- with the hope by farmers in some areas to resume harvest efforts this afternoon or perhaps on Wednesday.
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.
|Multi Billion Dollar Pink Slime Trial Underway in South Dakota
On Monday, both sides presented opening statements in what could become the biggest defamation trial in American history.
With billions of dollars on the line, BPI told jurors how a series of ABC News reports in March 2012 about its product, officially called "lean finely textured beef" (LFTB) and dubbed "pink slime" by critics, is to blame for the loss of 75 percent of its business. ABC, in turn, defended itself with a scathing attack on BPI's product while defending the integrity of its own journalism.
The proceeding, expected to last a couple of months, is happening in Elk Point, S.D., a town with a population of just 2,000. About five dozen people crammed into a makeshift courtroom in the building's basement. According to one local newspaper, the county spent $45,000 preparing this windowless scene of the "pink slime" trial with the expectation that both sides would bring an army of lawyers and the national media trailing closely behind.
Those who attended Monday heard two vastly different stories. BPI's was one of entrepreneurship and destruction. ABC's was about politics and secrecy.
One of many non ag trade media groups following the trial is The Hollywood Reporter
- and their reporter painted a detailed picture of the opening statements by both the BPI and ABC Lawyers.
The BPI Lawyer, Dan Webb, focused on the 350 times in less than a month that ABC used the term "Pink Slime" in their news reports.
"They ignored the proper name," said Webb. "When you have a major news organization that is calling the product 'slime,' witnesses will say they can't imagine anything worse. It connotes something disgusting, inedible."
The BPI Lawyer acknowledged that the slang was coined several years earlier- in 2002-But Webb asserted that the "pink slime" term got "minimal coverage" before ABC repeated it ad nauseum on air and to BPI's supermarket customers when reporters at the network aimed to figure out who was carrying the product. BPI's attorney would then lean on the USDA task force approving the product in 1992 in support of the proposition that LFTB was indeed safe and the product's labeling showing protein and iron content for the proposition that LFTB was indeed nutritious.
The ABC lawyer, Dane Butswinkas, attacked BPI and the product in his opening statement. Butswinkas spoke about how ABC's report wasn't about safety, but rather about labeling. Whereas Webb mentioned "pink slime" at all opportunities, ABC's lawyer hardly did, but when he uttered the controversial phrase, he attempted to deflate its importance. The attorney presented an alternative number to the 350 times that ABC used it during the month of March 2012. Butswinkas cited evidence that "pink slime" had been used 3,870 times by others in the media before the ABC report, and how it was actually BPI that originally created the Wikipedia page for the term. He also cited BPI's own patent as describing its food product invention as "paste."
We have the Hollywood Reporter article from the first day linked above- another story on Day One of the Trial you may want to check out is the one published online from the Sioux City Journal- offering a more local perspective- it can be read by clicking here.
OSU's Dr. Derrell Peel writes about the dynamics between some of the top global beef exporters and how they have influenced the beef markets worldwide, in his article for this week's edition of the Cow/Calf Corner newsletter.
According to Peel the top five beef exporting countries in 2017, include India, Brazil, Australia, the U.S. and New Zealand, in that order. These five countries are projected to export a total of 6.83 million metric tons of beef, about 71 percent of the total among major world beef exporters.
The U.S., being the fourth largest beef exporting country, is responsible for 1.236 million metric tons of that total projection.
"Growing beef production beginning in 2016 along with lower beef prices helped the U.S. to see expanded beef exports in 2016 with additional export growth projected in 2017," writes Peel. "The U.S. is in a unique temporary position to increase global market share in major export markets given the disruptions and uncertainty among other major beef exporters.
"The long anticipated opening of China to U.S. beef will provide an opportunity for U.S. beef exports to grow significantly over time. However, nervousness continues in the U.S. beef industry with the possibility of disrupting NAFTA trade on the North American continent. Trade policy uncertainty continues to hang over the U.S. cattle and beef industry even as market conditions support expanded beef exports."
Find out how Peel views the role of the US among the other major players in the global beef market, by clicking here
to read his full article.
|President Trump to Talk Infrastructure Tomorrow in Kentucky and Ohio
The national infrastructure will get some attention from the White House this week as the administration gets set to put out details on a $1 trillion infrastructure plan. Politico's Morning Agriculture Report says Donald Trump will visit Ohio and Kentucky tomorrow to speak on waterways and rural America. Trump will give more details on his vision for improving the national infrastructure.
One of the ways the administration is proposing to support a $1 trillion dollar infrastructure plan is through public-private partnerships, an idea that is drawing concerns from rural states. State officials and lawmakers in rural areas have warned the administration about relying too heavily on that type of model. They aren't practical arrangements in rural areas because of the smaller population numbers.
People willing to risk capital on those type of projects typically want to make their money back via tolling or other fee-based ideas. The recent Trump budget proposal included creating a fee for commercial businesses to use the nation's waterways, an idea that didn't sit well with groups like the National Grain and Feed Association.
NGFA says waterway users already pay a "barge tax" - 29 cents per gallon on diesel fuel - to defray the cost of river projects, and supported a major increase in that tax during reauthorization of the federal waterways program. They see the tax paying for about 25% of new projects authorized by Congress.
The fear raised by the Grain and Feed Association and others is that a toll on top of the diesel fuel tax would make grain and ag input shipments less competitive and would actually discourage the use of the river as an economical transportation method.
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!
|The US Beef Industry's New Norm - Staying Ahead of the Curve in Value-Added Management
In today's market, if you are not using the best management practices in your cattle operation, then you are falling behind. Oklahoma State University Beef Cattle Specialist Gant Mourer
told me that in response to the decline in cattle prices, the majority of producers have implemented some form of value-added program to their ranching business in order to capture the highest possible premiums for their cattle. He says this strategy has actually become the new norm.
"Really all it boils down to, is quality genetics and quality management - that's all value-added really is," Mourer said. "These well-managed cattle have become the norm and if you're not managing your cattle to this standard, you're actually receiving a discount."
Depending on how you look at it, this premium or discount, could cost you up to $10 or $12 a head, he says. More often than not though, Mourer insists most producers are typically managing their cattle with, if nothing else, a VAC45 program
. He believes you can add as much or as little value as you want through the various programs that could potentially be implemented on your place, but suggests you start by evaluating your existing management style and decide what programs fit best with your current operation.
"With these programs, we're simply identifying those calves that have been managed well," he said. "That could be a genetics program, nutrition, vaccinations... whatever. A lot of producers are already doing that."
Listen to Mourer explain to me the value-added landscape of the beef business, on yesterday's Beef Buzz - click here
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|National Agricultural Genotyping Center Announces New Tools in Corn Disease Identification
The National Agricultural Genotyping Center, yesterday, announced the arrival of newly developed testing protocols that will help farmers make better management decisions on their farms, by allowing them to easily and cost effectively identify diseases in their corn.
While today's corn plants are bred with resistance to many major diseases that lurk out there, there are still some that can infect a crop and cause significant damage before the disease can be identified and properly treated.
Goss's Wilt and Xanthomonas are two diseases that pose a prominent threat currently to corn producers. As such, the developers of these new tests have targeted these two diseases to help farmers get control of an infection situation in a timely fashion before it gets out of control.
"A key part of our mission at the National Agricultural Genotyping Center
is to translate scientific discoveries into solutions for farmers and production agriculture. This is another important step in that regard," said Pete Snyder
, President and CEO of NAGC. "The new assays we have developed will provide proper identification in weeks rather than months and cut costs substantially."
Learn more about these tests and how they can be used to save your yield potential should you experience a disease outbreak in your crop, by clicking or tapping here.
On Tuesday June 27, 2017 from 5:30pm to 8pm in Durant, the Southern Plains of the United States, The Choctaw Nation, the USDA Natural Resources Conservation Service, Redlands Community College and the USDA Southern Plains Climate Hub will be hosting a Soil Health Seminar, and they invite you to join them in learning about some of the latest soil health and conservation methods being practiced in today's agriculture industry.
Issues to be discussed at the event include grain and forage sorghum production; ongoing research on new crop species and varieties being conducted; producer perspectives on utilizing soil health practices; the use of soil health practices and cover crops in wildlife management systems; an overview of the agriculture demonstration, and more!
"By having something green and growing on their land as long as possible," said Gary Batton, Chief of the Choctaw Nation, "ag producers can increase the microbial activity in their soil, improve fertilizer efficiency and help their soil increase its water holding capacity."
Interested in attending? Click here
to read more about the event or to find out schedule and registration details.
|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!
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