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Let's Check the Markets!
Yesterday's sale on the FedCattleExchange.com was delayed due to technically difficulties, and has been rescheduled for today. Showlists for today's sale have 1,396 head up for sale. Details will be available later this afternoon, 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
Thursday, June 8, 2017
Wheat Harvest in Oklahoma Continuing North From Texas Line Where Harvest is 95-97% Complete
According to the latest progress report from the Oklahoma Wheat Commission, released Wednesday afternoon, wheat harvest continues to move Northward from the Texas line where harvest is reported to be 95 to 97% complete. Meanwhile, on the other end of the state, harvest is just starting in locations near the Oklahoma/Kansas state line.
Rain has hindered harvest from progressing across the state this past weekend. Rain showers from earlier week, measuring as much as 7 inches in some places, have also impacted producers across the Western half of Oklahoma. The wet conditions with high humidity has made it difficult for producers to get early starts cutting even where the ground was dry enough to carry combines.
Test weights have dropped in many areas across Oklahoma, and some producers are concerned they will have lost another pound after the rains last night. Fortunately, the test weights were starting out this harvest extremely high. Many elevator locations, as of today, are still hoping for a 60 lbs./bu. average, with some locations starting to report test weights ranging in the 58 to 59 lbs./bu. range.
Yields across the state have been ranging all over the board depending on management, heavy rains and hail damage. Across Southwest Oklahoma, we have heard of yields ranging from the mid teens to the mid twenties, with also better yields in some areas of this region reported to be in the mid 30's to mid 40's. The same is holding true for Central and Northern Oklahoma. As we have moved into Northern Oklahoma, we have been hearing higher yields in the mid 40's, with some reports of wheat being in the mid 50's.
Most protein levels analyzed so far in Oklahoma are being reported in the 10.5 to 11% range to the disappointment of farmers.
To read the full report from the Oklahoma Wheat Commission on the latest harvest news in the state, including a town-by-town breakdown of the progress, click or tap here
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|Brazil Scandal Keeps JBS in Hot Water With Temperatures Rising But How Will It Affect Them Here?
A giant in the American meat industry, JBS USA, has business holdings throughout the industry, from packing plants for both pork and beef and the Pilgrim's Pride Chicken operation, to Five Rivers, the largest cattle feeding operation in the US. The empire's parent company, JBS SA, headquartered in Sao Paulo, Brazil and its owners, the Batista family, are currently in big trouble facing major corruption charges in Brazil. Earlier this year, the company and many of its top executives were charged by Brazilian authorities with selling and exporting tainted meat products, and bribing government officials to do so. The story behind the scandal continues to develop. Jim Robb of the Livestock Marketing Information Center spoke with me this week, about the impact and potential fallout, the JBS scandal abroad could have on its business interests here in the United States.
"This does have some legal implications in the United States courts and legal system, too, but we have a much different situation," Robb said, explaining that the three entities that make up JBS USA, are somewhat legally separated from the scandal being investigated in South America. "Producers are not wanting to sell to JBS because they're not sure they're going to get paid. Let me underscore - that will not happen in the United States."
Through the Grain Inspection, Packers & Stockyards Administration (GIPSA), there are payment requirements in place that protect producers from this sort of financial situation, says Robb. Which is not the case in many countries around the world. The systems already established in the US should keep business running as usual, at least here in America. The only negative affect on the markets being seen right now, are happening internationally - which may actually present opportunity for US producers.
"In the large picture of international trade, this appears to be having some negative impacts on the ability of the Brazilians to export into some of their key markets," Robb pointed out, noting Russia and China as two examples. "It probably opens some more opportunity maybe for the United States to export into Asian markets."
However, not everyone shares this outlook. In fact, this week, the cattle industry organization known as R-CALF submitted a request to US government officials proposing the launch of a US probe into JBS.
According to R-CALF, there is reason to believe the company's corruption didn't stop in South America, but could have easily been going on here in the US as well. Read more about R-CALF's position, by tapping here
You can listen to Robb and I discuss his perspective on the JBS scandal in Brazil, on yesterday's Beef Buzz - click here
For some time now, the pork industry has warned that if disease were to breakout within the production segment of the supply chain - the results could be extremely detrimental.
In an effort to be proactive about the potentiality of this happening, the National Pork Board has advocated that the US invest in what it's calling the industry's Secure Pork Supply Plan.
USDA has promised its full support for this plan, which will help America's pig farmers respond quickly and successfully to a major threat, such as a foreign animal disease. The plan will also enhance communication and coordination of all pork chain segments to help producers keep their farms operating and all related business activities functioning.
"The National Pork Board and our producer leaders believe that investing in the Secure Pork Supply Plan now will help the entire industry in the face of a future FAD outbreak," said Bill Even, National Pork Board CEO. "Pork producers are known for being innovative leaders, and through this work, the Pork Checkoff is taking a leadership role in being prepared."
To view the secure supply plan checklist, click here
and learn more about the pork industry's commitment to innovative disease prevention,
USDA's National Agricultural Statistics Service is reaching out to producers nationwide this month to collect as much information as possible before their deadline to publish up-to-date reports including the June Acreage report and the June Grain Stocks report, both issued on June 30th for the U.S. Department of Agriculture.
Producers are strongly encouraged to take part in this process and complete the survey as soon as possible, which you should have received in the mail. However, if you have not received a survey, there are several other options you choose for completing your survey, either digitally, over the phone or in person.
"We realize this is an extremely busy time of year for agriculture, so we try to provide several options for producers responding and thank those producers that have already completed their survey", said Troy Marshall, Oklahoma State Statistician. "Our data collection period will close on June 13, so producers busy with wheat harvest, or other events can still call our Regional Field Office if they missed one of our enumerator appointments."
This survey and all NASS reports are available online. For more information or to report on your operation, click here
for instructions and further information.
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.
|Susan Bodine Endorsed for EPA Assistant Administrator Position in Letter to Congress by American Farm Bureau
American Farm Bureau Federation President Zippy Duvall, sent the following letter to Sen. John Barrasso, chairman of the Senate Environment and Public Works Committee, and the committee's ranking member, Sen. Tom Carper, this week expressing his endorsement of Susan Bodine for the position of the Environmental Protection Agency's Assistant Administrator for the Office of Enforcement and Compliance Assistance, on behalf of AFBF organization and its members.
An excerpt of the correspondence is below.
"Dear Chairman Barrasso and Ranking Member Carper:
"The American Farm Bureau Federation strongly supports the nomination of Susan Bodine for the position of the Environmental Protection Agency's (EPA) Assistant Administrator for the Office of Enforcement and Compliance Assistance (OECA). We urge you to vote in favor of her confirmation.
"Susan Bodine's breadth and depth of experience in environmental protection make her an outstanding nominee to lead OECA. She has extensive experience working for Congress in senior legal and policy positions while at the Subcommittee on Water Resources and the Environment of the House Transportation and Infrastructure Committee and later at the Senate Committee on Environment and Public Works. She also served as the EPA Assistant Administrator for the Office of Solid Waste and Emergency Response under President Bush. In addition to her Executive Branch and congressional experience, she was a partner at the law firm of Barnes and Thornburg, where she was a well-respected and effective legal counsel to our nation's resource users.
"In her decades of experience in private practice, for Congress and EPA, Susan Bodine has proven her leadership skills and her deep understanding of our nation's environmental laws and how they affect ordinary citizens and small businesses..."
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|Planning for the Future - The Best Legal Instruments to Use When Passing the Farm Down
The second installment in a series of articles being featured by the Noble Research Institute, on the transition of family farms from one generation to the next, Senior Agricultural Economist Dan Childs reviews several of the legal tools that can help ensure your wishes are followed to the letter, when the time comes.
Some of the most common instruments really are boil down to how you define your assets and the way in which you choose to deliver them to the recipient. For example, you can choose to define your assets as a business or wealth, and have the option of delivering it as either a gift or inheritance. Each option has its own pros and cons and can in some cases cause perhaps unintentional limitations on the freedom for your heirs to do with their inheritance as they wish.
Childs acknowledges that navigating these waters can get rather confusing, very quickly and quite easily. He says the first step in getting your arms around this beast, is to begin drafting an estate transfer plan.
"Since few estates will pay any estate taxes, what impediment(s) keep folks from creating a transfer plan?" he asks. "The answer is likely different for everyone. One reason that often comes up is some hard decisions may have to be made pertaining to dividing the assets in an attempt to treat the heirs equally. It should be mentioned that equal is not necessarily equitable. For example, an equal number of acres could differ considerably in value due to location and/or quality. To elude the task of splitting up the land, some will choose to leave it to the heirs in an undivided interest. This may be OK and even preferable in some instances, like minerals. However, bequeathing land in an undivided interest can cause disagreements among heirs that do not get resolved in their lifetime. Not always but usually when Mom and Dad make the hard decisions, children may not like the result but they accept it because they respect their parents' decision."
For a look at all the legal instruments available to producers in the transfer of their property to the next generation, click over to our website
and read the full article for all of Childs' advice.
|This N That- Cream of the Crop Sale Coming Saturday, NFU Still Likes GIPSA Rules and YF&R High School Discussion Entry Deadline Nears
The 16th Annual Cream of the Crop Sale of the Kris Black Hereford Ranch will be happening this coming Saturday, June 10 at 12:30 PM at the Ranch near Crawford, Oklahoma.
Kris Black and his family will be offering 460 head of AI bred, fall calving, wide bodied, easy keeping, future club calf producing females and 30 head of stout 18-24 month old herd bull prospects that are all ready to go to work.
The National Farmers Union is urging the U.S. Department of Agriculture to finalize the Farmer Fair Practices Rules- or what have been called by many the GIPSA rules. Through comments submitted to USDA as part of the public comment period for the rules, NFU tells USDA the rules will likely result in a more transparent and business-like relationship between farmers and the processing companies.
The rules were released in December of last year, but are under review by the new Donald Trump Administration. Livestock groups, including the National Pork Producers Council snd the National Cattlemen's Beef Association, oppose the rules. Groups opposed to the rule say it will lead to more lawsuits within the livestock industry, and the possibility of consolidation.
NFU President Roger Johnson says the interim final rule on competitive injury "plainly restates the intent of the Packers and Stockyards Act" to provide individual farmers and ranchers with protection from the abuses by meatpackers. The rule would change the competitive injury that must be proven for a lawsuit to continue. USDA is seeking public comment on the competitive injury interim final rule through June 12.
Oklahoma Farm Bureau Young Farmers and Ranchers
will hold their annual High School Discussion Meet at Oklahoma State University's Big Three Field Days
in Stillwater on Tuesday, July 18.
The contest is open to current high school students in 4-H or FFA. Each club or chapter may send one participant, who must attend a brief orientation on July 18 before the contest begins.
The meet provides 4-H and FFA members throughout the state with an educational opportunity to enhance their speaking, reasoning and presentation skills all while analyzing issues in agriculture.
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