|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
Superior Livestock had a successful Big Sky Roundup- click here for market highlights from that sale- and remember that Week in the Rockies kicks off on Monday, July 10th!
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
Friday, July 7, 2017
Before the 2018 Farm Bill kicks into higher gear, the American Farm Bureau decided to release an article dissecting some of the math that goes into crafting a Farm Bill, to help the ag community better understand the balance between savings and budgeting, that Congress has begun attempting to reconcile.
Assuming existing programs in the Farm Bill continue without changes, spending projections calculated by the Congressional Budget Office serves AFB as an indicator of program funds available to Congress.
Farm Bill math creates a few possible scenarios. Depending on negotiations between the budget and agricultural committees the next Farm Bill could be required to be budget neutral, meaning any increase in spending in one part of the bill would require a decrease in spending elsewhere in the bill, or it could be required to have a net reduction.
Given these budget directives, scoring a bill (estimating the additional outlays and potential savings relative to the baseline) is one of the most critical components of farm bill development. From now through the farm bill's passage, any change in policy will require an estimate of the budgetary impact.
The most recent CBO baseline on farm program outlays is an important indicator of the budget outlook going into the next farm bill debate.
You can click or tap here
to read the full article by the American Farm Bureau to understand where existing baseline values are and how they are being used to measure the predicted spending impact of Farm Bill policy.
is Oklahoma's premier John Deere dealership and your expert source for your John Deere equipment needs. P&K's long history with the John Deere brand and their 19-store strong network (10 in Oklahoma and 9 in Iowa) mean you have a powerhouse of resources and inventory right at your fingertips with pkequipment.com
. Their all new website is built with YOU in mind- you can check out the latest promotions, shop the equipment, request a quote, value your trade, schedule service, shop parts online, and more! Go check it out today- you'll be glad you did! Because in Oklahoma, John Deere starts with P&K.
|ODAFF Approves Cattle Industry Plan to Hold a Fall Vote on a Secondary State Beef Checkoff in Oklahoma
Oklahoma State Commissioner of Agriculture Jim Reese
has authorized a referendum for later this year to determine if cattle producers in Oklahoma want a state beef checkoff that will run concurrently with the long standing federal dollar a head beef checkoff. Commissioner Reese, in giving the Oklahoma Cattlemen's Association the green light to proceed with a checkoff vote on November first, determined that adequate numbers of signatures were gathered since the fall of 2015 to hold the vote.
In a declaration released at the end of this past week, Reese stated once the agency received the petitions asking for a vote in Mid May- the agency held a public hearing a month later and heard from the Oklahoma Cattlemen, the Oklahoma Farm Bureau and received a written statement from the American Farmers and Ranchers all supporting a vote on a checkoff.
We talked briefly with Secretary Reese yesterday about his authorization- and signaled the plan mapped out by the OCA is what the agency has greenlighted- that includes:
The Vote for a State Beef Checkoff will be held on November first, with voting available to all cattle producers in the state at any Oklahoma State University Extension Office.
Producers will also have a right during the month of October to request a ballot that can be mailed in lieu of showing on November first.
There will be a public information campaign explaining the need for the checkoff.
There will also a public information campaign to raise awareness about cattle producers having the right to cast a ballot on establishing a checkoff or not.
If approved, the dollar will be collected and invested on behalf of Oklahoma cattle producers by the Oklahoma Beef Council, the current official body collecting and handling the federal dollar a head beef checkoff.
The state dollar established by the vote is refundable, if a cattle producer makes a request for a refund.Click or tap here
to jump over to our website to read more- including a chance to see and review the Declaration issued by the state of Oklahoma which authorizes the Noivember first vote.
The National Pork Producers Council spoke out on its stance regarding current international commerce issues. In a press release issued yesterday, the NPPC brought attention to the fact that the European Union has reached a principle trade agreement with Japan. The NPPC also made note that the US still has no formal trade agreement of its own with Japan, and directly renewed its request to the Trump administration to begin seeking such an agreement to protect American interests there.
Such a deal between the US and the Asian nation, would prove immeasurably beneficial to pork producers, and other industries as well, adding certainty to American market share overseas.
According to the release, Japan is the highest value market for U.S. pork exports. In 2016, Japanese consumers purchased almost $1.6 billion of U.S. pork products. Demand in Japan for U.S. pork is very strong despite tariffs and other import measures that limit market access for it.
"The United States must quickly finalize a trade deal with Japan if it wants to maintain that important market," said NPPC President Ken Maschhoff, a pork producer from Carlyle, Ill. "We can't stand by while countries around the world negotiate agreements that give them a competitive advantage over American products."
If President Trump had signed off on the Trans-Pacific Partnership, the previous trade deal that was on the table when he assumed office, Economist Dermot Hayes of Iowa State University estimated that U.S. pork exports to Japan would have increased exponentially under TPP, and would have created more than 5,000 new U.S. jobs.
to read the original press release issued by the NPPC yesterday.
|Dr. Kim Anderson Advises Growers to Take the Emotion Out of Selling Their Wheat - Look for Break in the $5.00 Limit
This week on SUNUP! Dr. Kim Anderson, OSU Extension grain market economist, joins host Dave Deeken to talk about the recent rally in wheat prices and what thresholds the markets need to conquer to keep prices running up. They begin with a review of the rally that appeared this week, wondering if it will continue.
"That's the big question I'm getting, 'are prices going to continue on?" Anderson said. "My gut tells me that prices will probably go higher as we go into the marketing year, but I think it's going to take while."
Anderson reports that there is currently a lot of volatility in the markets right now as speculators continue to watch mainly the foreign crops right now. Each day currently, the market plays within as much as $0.25 to $0.35 ranges. At the moment, he says prices have hit a very strong resistance level which he believes will keep prices churning for some time.
Still, Anderson says the weather holds fate in its hands. If there is a turn in the weather that shines favorably on foreign crops it could cause prices to drop. But he says we truly won't know until we know where the protein lies around the world. He believes once the millers have a sense of things, markets will begin to shed some of the current volatility. With only 40% of the world's wheat crop harvested though, he says it could take a while.
For more of Anderson's advice on when to sell your wheat this marketing year, you can watch him tomorrow or Sunday on SUNUP- but you can read more and hear his full remarks right now, by clicking or tapping 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.
|Recent Profitability in Feedlot Markets Threatened by Rising Breakeven Costs, Will Beef Industry Soon be in the Red?
For a time, this spring, the experts were saying that there was money to be made all throughout the entire beef pipeline, from the cow/calf end to the packers. Especially profitable, though says Jim Robb
, director of the Livestock Marketing Information Center, has been the feedlot business. He spoke with me about the phenomenal performance of the beef industry over the first half of this year.
"The first five months of this year were the best five consecutive months in our history of doing these calculations, back to the mid-1970s," Robb said, noting that this past May was in fact the second highest month ever on record. "The factors behind May were three-dimensional."
Robb explains that fed cattle prices over this period were higher year-over-year, up about six percent from the prior year's May close-outs. Coupled with that, feeder cattle costs going into this period were down 15 percent year-over-year and the cost of feed stuffs was also down about six percent as well.
"All those factors came together both on the cost side and the price side, to give us these returns," he said, but points out that markets have begun shifting the opposite direction lately. "As we look ahead here, now we have bid much of the profit potential into the feeder cattle profile. Taking that into context, from a feeder cattle perspective, we could very well see red ink soon."
Listen to Robb and I discuss the beef industry's success in the feeding business over the first half of this year and their outlook moving forward, on yesterday's Beef Buzz - click here
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.
This week, Oklahoma State University's Robert M. Kerr Food & Agricultural Products Center, or FAPC, has found a way to promote food safety, offering tips and useful resources at consumers' finger tips.
FAPC proudly announced the launch of its new mobile app, The FAPC Connect App, made possible by contributions from supporters like J-M Farms, Dvorak Farms, Unitherm Food Systems, Lopez Foods, Griffin Foods, Ralph's Packing Co., deVine Water Co., Shawnee Milling Co. and Clements Food Co.
The app is available for download on both the App Store and Google Play, offers food safety and other food-related information on the go.
The app allows users access to food safety articles, videos and training by FAPC experts on a variety of relevant topics.
The launch of the app coincides with FAPC's 20-year anniversary.
"I can't think of a better way to help celebrate our 20-year anniversary than with the launch of the FAPC Connect app," said Mandy Gross, FAPC communications services manager.. "We are continually searching for new and improved ways to distribute information to help the food and agricultural industries and consumers in general. The mobile app provides another avenue for the center to reach more people."
For more information on the app, or for instructions on how to download it to your smartphone device, click over to our website
and view the complete article.
Plains Grains releases a weekly harvest update during the hard red winter wheat harvest season- the following is the latest report issued by their Executive Director, Mark Hodges, on Thursday evening, July 6th.
According to Hodges, "The 2017 HRW wheat harvest delays continue to frustrate producers in west central Kansas extending into northwest Kansas, northeast Colorado and southern Nebraska as cutting progress has continued to be significantly slowed over the past week due to scattered showers, severe thunderstorms and/or high humidity. Other than the areas mentioned, the remainder of Kansas is quickly winding down with harvest. Harvest is in full swing in southeast Colorado extending northward to the east central part of the state and on a statewide basis is now 20% complete. Wheat harvest in Nebraska is 23% complete with the southern 1/3 of the state now over 50% complete and the far western areas either just starting or still a few days away from starting. Texas and Oklahoma are both 99% complete with harvest. Plains Grains is calling Kansas now 79% harvested, compared to 58% one week ago.
Click or tap here
for the full report from Plains Grains on the 2017 Hard Red Winter Wheat Harvest.
|Darn Drought! Over 40% of Oklahoma Abnormally Dry or in Moderate Drought
Based on the latest Drought Monitor seen below, over thirty three percent of Oklahoma remains abnormally dry and just over another ten percent is in D1, or moderate drought. That includes the Oklahoma City metro, a pocket of southern Oklahoma along the Red River adjacent to Lake Texoma, several counties bordering the Texas Panhandle in west central Oklahoma and a good bit of Beaver County.
Click or tap here for more from Gary McManus on the current drought conditions that may be expanding in the weeks ahead.
We also appreciate our Market Links Sponsor - OKC West Livestock!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following: