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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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, June 13, 2017
USDA has posted the requirements for exporting U.S. beef to China, opening a key market that's been closed to U.S. beef for more than 13 years.
Negotiations for this deal have been on and off since George W Bush was President, but heated up in the final months of the Obama Presidency when the Chinese government announced last year that it would be open to allowing US beef back into their country. US beef has been banned in China since 2003, after the cow that stole Christmas situation, involving a case of BSE found in the US.
These negotiations were reinvigorated after a summit meeting between President Donald Trump and China's President Xi Jinping earlier this spring at Trump's Mar-a-Lago estate.
The rules agreed to by the negotiators will mean a slow start to shipping beef to China. At the top of the list of requirements- traceability. One definition of traceability is "
Traceability is the ability to verify the history, location, or application of an item by means of documented recorded identification."
To do that means you start at birth. The rules for shipping beef to China, according to the USDA Ag Marketing Service say "Cattle must be traceable to the U.S. birth farm using a unique identifier." OSU's Gant Mourer reminds us that we basically did this a decade ago when we were verifying calves that would eventually be eligible for the twenty month demand of Japan when they first started accepting beef from US after our BSE positive.
A cow-calf producer can hook up with a third party verifier and send calves down the line that will qualify for the Chinese market. "They need a premise id from the Dept of Ag so the "source" can be verified and a record keeping system that has at a minimum the date of the first calf born and last calf born. They will also need to identify cattle with an electronic tamper proof tag that the company can provide."
Chinese will accept beef from animals under thirty months of age- but like the pork they buy from us- they don't want beef from animals that have utilized a beta agonist.
The USDA's FSIS amended their Export Requirements for The People's Republic of China yesterday- saying "Eligible beef products exported to China should not contain growth promotants, feed additives and other chemical compounds including ractopamine, prohibited by China's law and regulation. Beef shipments detected with prohibited substance or compounds at the port of entry will be rejected, returned to the US or destroyed."
Check our next story to see the industry's reaction- which clearly is focusing on the BIG PICTURE of getting US Beef eligible for the Chinese market- which is a HUGE DEAL.
|Beef Industry and Politicians Cheer US Beef to China Details
This deal marks a significant achievement for the Trump administration, which is expected to bring an additional $2.6 billion to the US beef industry, and has won the President countless words of praise.
Here's a sampling of the reaction we have gleaned up to early this morning:
America's ranchers raise the best and highest quality beef in the world, and I applaud the administration for its work to move this agreement across the finish line," said House Ag Committee Chairman Mike Conaway. Click here
to read his full remarks in addition to Subcommittee Chairman David Rouzer of North Carolina.
"This is a huge win for Oklahoma," said Senator Jim Inhofe
who was joined by the OCA and OFB in a joint statement, "which produces the fifth most cattle in the country, and our hard-working cattlemen by giving them access to one of the largest beef markets in the world."
"The Oklahoma Farm Bureau applauds the work done by the Trump Administration to end the 13 year ban on U.S. beef imports to China," said Tom Buchanan, president of the Oklahoma Farm Bureau.
"In Oklahoma, Beef is the second largest economic driver so it goes without saying this is big news for all of Oklahoma. We appreciate of the Trump administration trade team for their great and quick work to secure this important deal," said Michael Kelsey
, executive vice president of the Oklahoma Cattlemen's Association. Click here and read the remarks
from all three of these gentlemen.
"NCBA worked closely with USDA throughout the entire process. In recent years, China has become one of the largest import markets for beef, and these terms are a reflection of China's trust in the safety and quality of U.S. beef. We hope that by getting our foot in the door we can develop a long lasting and mutually beneficial relationship with China," said Craig Uden
, president of the National Cattlemen's Beef Association. To see his full statement and to view the final details of the protocol that USDA announced yesterday, click here.
"USMEF is pleased to see these important steps completed that will soon allow U.S. beef shipments to China to resume, ending a suspension that has lasted more than 13 years. We thank our U.S. government officials for their tireless efforts on this issue, and now look forward to exporting U.S. beef to this very important market," said Phil Seng, US Meat Export Federation CEO. Read his full statement- available here.
US Cattlemen's Association President Kenny Graner
commented on the news, "We were briefed by the Administration during our fly-in on the status of the agreement and it comes as welcome news to all producers that we have once again secured this important market." Click here
to read Graner's comments.
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.
In the latest crop progress report released Monday, June 12, 2017, the United States Department of Agriculture rated the US soybean crop condition for the first time this year, at 66 percent good to excellent, 28 percent fair and 6 poor to very poor. The US corn condition is rated 67 percent good to excellent, 25 percent fair and 8 percent poor to very poor. Nationally, winter wheat harvest has reached 17 percent, up 7 points from this time last year and lagging by 2 points from the average. For the complete USDA Crop Progress report, click here
According to the weekly crop progress report from USDA, Oklahoma
winter wheat harvested reached 52 percent
, up 13 points from normal. Canola harvested reached 65 percent, up 11 points from normal. Corn emerged reached 94 percent, up 2 points from normal. Corn silk reached 7 percent. Sorghum planted reached 67 percent, up 3 points from normal. Cotton planted reached 86 percent, up 15 points from normal. To view the complete Oklahoma Crop Progress and Condition Report, click here
, winter wheat condition rated 9 percent very poor, 15 poor, 31 fair, 39 good, and 6 excellent. Winter wheat coloring was 85 percent, near 89 last year, but ahead of 74 for the five-year average. Mature was 33 percent. Harvested was 4 percen
t, equal to last year, but behind the 13% five year average. Corn condition rated 2 percent very poor, 5 poor, 28 fair, 57 good, and 8 excellent. Corn planted was 97 percent, near 100 last year and 99 average. To view the complete Kansas Crop Progress and Condition Report, click here
, wheat harvest reached 72 percent complete
for the state as a whole, 40 points above last year and 34 points about the 5-year average. Cotton planting made good progress now 89 percent complete, up 6 points from last year and above the average by 2 points. Corn condition rates 76 percent good to excellent, 20 fair and 4 percent poor. To view the complete Texas Crop Progress and Condition Report, click here
|Wheat Harvest Nears Completion Throughout Central Oklahoma, Continues to Move Northward
According to Mike Schulte and his team with the Oklahoma Wheat Commission, wheat harvest is moving full speed ahead in all regions of Oklahoma. Along the Oklahoma- Texas line many locations are reported to be 97 to 99% complete. Elevators in South Central Oklahoma are reporting harvest to be 75 to 90% complete depending on the location, while parts of Central Oklahoma are 95% harvested.
As harvest has moved forward in Northern Oklahoma some locations have reported harvest to be 75% complete along the I-35 corridor. In Northwest Oklahoma reports of harvest completion are ranging from 35% to 50% depending on location.
You can click or tap here for the location by location report that Mike has provided- but as a sample- here is the report from north central Oklahoma in Cherokee- where harvest is about even with the state completion percentage provided by USDA yesterday of 52%:
Cherokee- Harvest in this region is approximately 50% complete. Test weights in this area have been reported all over the board and have been lowered due to the rains from last week. The area is still hoping for a 58 to 59lbs/bu. average on test weight, although lower weights have been reported. Yields in this region have been all over the board with reports on damaged wheat to be making in the mid 30's, while higher yielding wheat has been reported to be making in the low to mid 70's.
|Poultry and Pork Industries Agree - USDA Should Withdraw From GIPSA's Interim Final Rule
on April 11 that it was extending the implementation date 180 days for its interim final rule on competitive injury through GIPSA, which was scheduled to go into effect on April 22, with an additional public comment period that closed yesterday.
Now that the comment period has passed, both the National Chicken Council and the National Pork Producers Council agree that the USDA should withdraw from the rule left behind last minute by the previous administration.
"With the extension notice, it was clear the administration recognized this is a complicated and controversial issue with deep economic consequences for American poultry and livestock producers," said NCC President Mike Brown
in April. "The comments filed obviously had an impact, and we thank the department for postponing the effective date to allow for a more thorough and meaningful review."
Brown goes on to say that there has so far been no evident purpose behind implementing these rules. He says GIPSA's own estimates low ball the actual costs this program will impose. According to Brown, if this rule was
put into place, it would cause approximately $1 billion in economic harm to the meat and poultry industries, and provide little to no benefit.
The NPPC offered comments, too, delivering to the agency comments from 630 pork producers and others in the pork industry as well, opposing the regulation and asking that it be withdrawn.
In its comments, NPPC said the rule "is illegal and in conflict with the clear direction of every federal Circuit Court of Appeals that has reviewed the Packers and Stockyards Act, was improperly promulgated, is not supported by the Administrative Record and will have a destructive impact on the meat sector by harming the very farmers GIPSA is entrusted to protect."
An independent study found that if the so called, Farmer Fair Practices rules were implemented, it would end up costing the pork industry nearly $420 million a year.
The latest monthly meat production estimate reports from the USDA, have been trimmed back - according to Dr. Derrell Peel in his article included in this week's Cow/Calf Corner newsletter.
"U.S. meat production is growing more slowly than previously expected. Many analysts have trimmed their estimates and USDA, in the latest monthly estimates, reduced forecasts for 2017 beef, pork and poultry production from earlier levels," writes Peel. "Total red meat and poultry production is expected to total near 100 billion pounds, a new record level. However, slower growth in meat production, combined with improving trade balances for all meats, is holding meat consumption estimates close to year ago levels. Per capita retail beef consumption is projected to increase less than one percent while pork and broiler consumption may be slightly lower year over year."
Essentially, increased trade momentum is keeping net production of practically all meat varieties range-bound to a lower level, in effect, slowing things down a bit more than what was previously forecasted.
To read Dr. Peel's breakdown of the meat markets and how they are being impacted by trade, species-by-species, click here.
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!
|Trich Cases Reportedly on the Rise in Southern Plains Cattle Herds, Keep Vigilant or Incur the Costs
After having declined dramatically over the past few years, cases of trichomoniasis disease in southern plains cattle herds have increased in number so far this year. In an effort to curb this rise in "trich" cases, Kansas State Extension Veterinary Specialist Gregg Hanzlicek
, is advising cow-calf producers to stay vigilant in their efforts to avoid this disease, that can be very costly to producers if it infects their herd. Hanzlicek spoke with me recently about the nature of the problem. He says adhering to the test monitoring guidelines, really pays off.
"It's a venereal disease, so it can only be spread during a reproductive act," Hanzlicek said. "It affects not fertility, but it actually kills the early fetus."
Several States implemented tighter breeding stock regulations several years ago to rein this disease in. However, efforts to keep "trich" in check at the farm and ranch level still need to remain a high priority, according to Hanzlicek.
"Any bull, 18 months of age or older, is required to have a negative "trich" test within 60 days of when it's barrowed, sold, or leased," he said, acknowledging the fact that there is likely some producers not adhering to this rule and speculates this cheating could be contributing to the recent uptick in reported cases. "The other great risk factor is for people that buy used cows from other operations that they don't know the background on."
Listen to Hanzlicek and I discuss the threat of trichomoniasis to producers and their herds, and the importance of staying on top of this disease by following standard testing practices, on yesterday's Beef Buzz - click here.
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As agriculture enters the projected fourth year of lower farm incomes, the question landowners, operators and lenders have is: Where are land values heading from here?
"The trend in today's land market is hard to discern as some sales bring a better than anticipated price, while others may show a decline in value from previous sales," said Randy Dickhut, senior vice president of real estate operations at Farmers National Company.
For sellers, buyers and lenders alike, there are important aspects of the current land market everyone should be aware of as it slowly transitions from the declines in value experienced in the past few years.
"Agricultural land values in most areas can be expected to continue to gradually decline over the next several years if commodity prices and the underlying farm incomes remain at current low levels," Dickhut said. "Small interest rate increases, potential tax law changes and world economic uncertainties will also keep some outside pressure on land prices in the coming year."
Nonetheless, Dickhut reassures there are some bright spots on the horizon.
"Those include potential improvements in farm and ranch incomes after bottoming out. If we have limited stress sales and no other shocks to the markets, land values will move to stabilize over the next several years," Dickhut said. "Our agents are actively talking to landowners who are considering selling their farm or ranch and are seeking the marketing exposure and expertise that will get them the best price in the current market."
|The Beef Jerky Feedback Shows It's No Man's Land and We Are All Simply Living In It
I got several responses from my request yesterday on what YOU THINK regarding the best Beef Jerky in these parts- and I got multiple votes for No Man's Land Beef Jerky- which call's Boise City home. I love the picture on their website which is captioned "Ma Says It's What Cows Want to Be When They Grow Up."
I also got votes for Hard Times Beef Jerky- produced in El Reno, Robertson's Beef Jerky out of Marietta and Ralph's Beef Jerky from Perkins.
All of these are great Oklahoma based products- and all are worthy of your support- ENJOY!
|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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