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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
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 14, 2017
We covered the unveiling of the 2016 National Beef Quality Audit yesterday here in Denver at the Summer Business Meetings of the Cattle Industry- and one of the presenters was tOklahoma State's Dr. Deb VanOverbeke, Her role in this project, was to present the findings of the audit and deliver the primary takeaways to industry stakeholders. In summary, VanOverbeke says the quality of US beef products are better than ever, but there's still room for improvement.
Three key components came out of this edition of the audit, according to VanOverbeke, that the industry should focus on improving over the next five years, when the audit will be conducted again. Rising to the top of the list, though, is the issue of food safety coupled with animal health.
The reason this issue in particular has become the main concern in the industry, regarding quality standards, is partially due to the fact that it is hard to define. Different segments of the beef value chain have different ideas as to what exactly "food safety" is. For producers, it means having sound production practices in place, like the Beef Quality Assurance program. But for retailers, it's more about how physically safe the product is for consumption. There's a lot in between those two notions.
VanOverbeke says this is because there is a disconnect among the segments of the industry, as well as the consumers.
"We need to increase communication between the sectors of the beef value chain and to end users, and explain what we're doing to improve food safety," she said.
VanOverbeke says it is extremely important for all segments of the industry and the consumer, to really understand all that is being done throughout the supply chain to ensure the safety of the food being produced. She says it doesn't just stop at maintaining animal health either - it spills over into better management practices, efficiencies, handling techniques, all the way to harvest and retailing. If the industry is able to bridge the gap, she says it will translate it into increased consumer trust, and from there into potentially increased demand.
Find out the other components Dr. VanOverbeke presented on this week during the NCBA Summer Business Conference, by listening to our full conversation on our website
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|President Selects Steve Censky to Serve as Number 2 at USDA- USDA Secretary Perdue Extremely Pleased With Choice
U.S. Secretary of Agriculture Sonny Perdue has applauded President Donald J. Trump's nomination of Stephen Censky to be Deputy Secretary of Agriculture. Perdue issued the following statement:
"Our work has only just begun in delivering results for the people of American agriculture, and the experience and leadership skills of Stephen Censky will only enhance our efforts. He will bring enthusiasm and a dedication to this country which will be great assets to USDA's customers. I am extremely pleased with the nomination for this key position and am hopeful that the Senate will take it up in short order."
Agricultural groups have quickly praised the Censky selection. "NAWG extends our congratulations to Steve Censky on his nomination for Deputy Secretary of the U.S. Department of Agriculture," stated Chandler Goule, CEO of the National Association of Wheat Growers. "His experience as a farmer and vast understanding of agriculture sector make him an ideal candidate for this role."
Click or tap here to read more on the Censky selection- which had been expected for the last couple of months. The Ag Community hopes that other key USDA appointees will follow very quickly to provide Secretary Perdue with some much needed help at the agency.
|New Trump and EPA Administrations a "Breath of Fresh Air" to Work with Says NCBA's Colin Woodall
Working to protect the environment with a common-sense approach and a willingness to listen - that's what Environmental Protection Agency Administrator Scott Pruitt
brings to the table, according to Colin Woodall
, vice president of government affairs for the National Cattlemen's Beef Association. During the NCBA Summer Business Conference this week, he spoke with me about his experience dealing with the new Trump administration. He says, "it's been a breath of fresh air."
Completely different attitude, when you look at just the overall willingness of this administration to come forward and ask what we want most of all and then follow up with actions that support our requests," Woodall said. "All you have to do is look at EPA, for example, as the being the best situation."
In particular, Woodall says the EPA's action regarding the Waters of the US rule, now in the process of being repealed and replaced, is an actual level of leadership and competency that he says has not been seen in the agency for the better part of a decade now.
"We believe Administrator Pruitt is going to be much more willing to look at the impact of this rule on landowners," he said, pointing out that Pruitt has already invited NCBA's input on crafting the rule's revision. "This is not about trying to back away on environmental regulation - he's just trying to make sure the regulation actually works. Which is something we didn't see in the last administration."
Listen in on my conversation with Woodall as we discuss his experience so far, in dealing with the new Trump Administration on agricultural issues in the current political climate, on yesterday's Beef Buzz - click here
|Kim Anderson Says Latest WASDE Projections Above Market Expectations, Causing Drop in Prices
This week on SUNUP! Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson
joins host Lyndall Stout
again, with an update on the US Department of Agriculture's latest World Agriculture Supply & Demand Estimates report.
According to Anderson, most of the information included in this report could be viewed neutral to slightly positive, given the current market situation. He reports the data shows global wheat production is slightly lower compared to the previous month's report. Domestic ending stocks, though, were raised slightly, but lowered a bit worldwide. He also notes that the average annual price for the 2017/18 marketing year for wheat was raised by approximately $0.50.
The problem, however, is that the information in this edition of the WASDE report, was above market expectations. This caused the trade to adjust the price of wheat down.
Despite the dip in price, Anderson has good things to say about this year's crop. He says HRW wheat this year is looking relatively good, with excellent milling qualities and good test weights at near 60 lbs. the average. However, protein levels are disappointingly low. Anderson says the takeaway from this year's crop, is to consider protein premiums. He insists they will be around next year, too, and will be available to producers who find ways to take advantage of them.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now, and find out what else is on the line up for this week's episode, by clicking or tapping here.
Dry conditions in Central Oklahoma and the Central Panhandle intensified over the past week. While there was precipitation in the state, hitting SE, SC and NC Oklahoma, that's not where the moisture was needed the most.
Now, State Climatologist Gary McManus says without more rain in the near future, Oklahomans could see drought conditions raised from "moderate" to "severe," as rain deficits continue to grow.
Even the parts that received rain recently, run the risk of slipping back into flash drought conditions before it's all said and done. Spots of Northern Oklahoma have minor predictions of precipitation in their forecasts, but McManus is not optimistic that Oklahoma will get a good soak before summer's full force arrives.
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.
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.
American Farm Bureau's Vice President Scott VanderWal of South Dakota, testified before the House Ways and Means Subcommittee on Tax Policy yesterday, insisting that the farm and ranch families of America could no longer withstand the level of burdensome taxes currently being imposed.
"Farmers and ranchers operate under tight profit margins, often for rates of return that are modest compared to other businesses," VanderWal said. "Our businesses are also cyclical where a period of prosperity can be followed by one or more unprofitable years."
VanderWal pointed out that nationwide, net farm income has been cut nearly in half since 2011.
"Reducing effective tax rates is the most important thing that tax reform can do to boost farm and ranch businesses," said VanderWal. "Every dollar that we pay in taxes is a dollar that could be reinvested back into our farm, help lift my community and contribute to a robust agricultural economy."
VanderWal warned congressional leaders of proposed tax reforms that could potentially spell an even greater increase in tax rates for farmers. He also noted that agriculture contributed $992 billion to U.S. gross domestic product and provided about 11 percent of U.S. employment, just in 2015 alone.
He says, the ag industry's investment in the overall economy is something the US can't afford to lose.
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Chairman of the Senate Agriculture Committee Pat Roberts,
opened the sixth hearing in preparation of reauthorizing the Farm Bill, yesterday.
In his opening remarks, the Chairman set the tone of the hearing, outlining his hopes that congressional leaders would gain some perspective on matters concerning trade, specialty crops and organic producers.
The following is an excerpt of those remarks offered by Chairman Roberts.
"Over the last several months we have been laying the groundwork for a new Farm Bill.
"As Chairman of the Senate Agriculture Committee, I have repeatedly said we must listen to our farmers and ranchers first, and that is exactly what Senator Stabenow and I have been doing - and we will continue to do.
"We are well into the process of collecting the advice and counsel of farmers, ranchers, and growers- those for whom this Farm Bill is meant to work, and we will continue to conduct a thorough review of the Farm Bill programs that provide certainty to those across the country who are facing tough economic times.
Continue reading the Chairman's full remarks, and add your two cents to the discussion, by submitting your own comments to the committee, by clicking over to our website.
|Plains Grains: Drought Forces South Dakota Farmers to Bale Much of Their Wheat Crop- Southern Plains Wheat Harvest Complete
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 13th.
Hodges reports "Temperatures over 100 F (38 C) with dry windy conditions prevailing from the Pacific Northwest southward and eastward through the central US pushed the 2017 HRW wheat harvest into high gear in many areas over the past week. Kansas is now 99% complete with harvest while cutting in Colorado and Nebraska are both approaching 75% complete.
:The relentless heat and dry weather continues in South Dakota, especially in western South Dakota with much of that crop now in bales to be used as livestock feed. What crop is left is quickly being cut with almost one-third now harvested. The crop in eastern Montana and western North Dakota has also suffered from extreme drought and heat with much of that crop going into bales for livestock feed as well. HRW harvest has begun in eastern Montana with 5% of the state harvested at this point."
Click or tap here for the complete harvest update from Mark and Plains Grains.
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