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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
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Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, July 24, 2017
Tom Fanning Named Oklahoma Cattleman of the Year by the Oklahoma Cattlemen's Association
of Buffalo Feeders was named the 2017 Oklahoma Cattleman of the Year by the Oklahoma Cattlemen's Association a their 65th Annual Convention in Norman on Saturday evening. Fanning has served as the Northwest District Vice President of the OCA, serves as the Chairman of the Oklahoma Beef Councl and worked to coordinate this spring all of the wildfire relief that flowed into northwest Oklahoma after hundreds of thousands of acres were burned in early March of this year.
It was especially his work to coordinate the huge amount of money, equipment and supplies into Woodward, Harper and Beaver Counties that was spotlighted on Saturday evening at the OCA Awards Banquet. Fanning led a small army of volunteers in the three counties and beyond that worked to get the help that poured in from across the United States to ranchers that were hurt by the massive fires that killed over a thousand cattle, destroyed hundreds of miles of fence and burned over 500,000 acres in Oklahoma and Kansas. Fanning worked with the Oklahoma Cattlemen's Foundation in distributing $1.2 million dollars of cash donations as well as working tirelessly for weeks in making sure that feed and hay and fencing materials that were donated found a home on ranches that were damaged or destroyed.
After the presentation of the award- we talked with Tom about the honor and about how his part of the country has recovered from those wildfires of early March- click or tap here
to read more and to LISTEN to our conversation with Tom Fanning.ALSO FROM THE OCA CONVENTION-
We say congrats to Weston Givens
of Arnett- who was installed as the new President of the Oklahoma Cattlemen's- he will serve a two year term and follows Charlie Swanson
who has served the past two years- details on the new officer team of the OCA is available here.
OCA also handed out lots of scholarships at their 2017 meeting- details on those dollars for education handed out are available here
and available here.
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
The USDA released three different reports last week, offering insight into the size and pace at which the livestock industry is moving cattle through beef pipeline. I reached out to OSU's Dr. Derrell Peel, an extension livestock market economist, for his take on the reports.
"Largely, I think these reports confirmed what we suspected was happening," Peel said. "I don't think there's any big changes or surprises in these numbers.
"The trade is going to react to the placement number," he said, referring to the monthly cattle on feed report. "They were expecting a relatively large placement, but the average was like a 106% - it came in at 116%. So, it's a big number. The trade will probably react to that a little bit."
Peel says both the marketing number and actual on feed numbers was about as expected at 104% and roughly 103%, respectively.
"What's important to keep in mind, though, if you look at the placements, the biggest increases were in the lightweight categories," he said.
This reflects the success feedlots have had in recent months, taking advantage of the cheap cost of gain currently. Peel says feedlots want to feed whatever they can.
In addition, the slaughter report and the inventory report reveal that herd expansion has continued, but Peel believes it is moderating at this time.
He says to be looking for a larger calf crop, and as a result, a bigger feeder supply in 2018.
|Kellie Muller of Martha, OK Recognized as a Significant Woman in Oklahoma's Ag Industry by ODAFF
As part of a continuing series of stories on Significant Women in Oklahoma Agriculture, the Oklahoma Department of Agriculture, Food & Forestry and Oklahoma State University are recognizing and honoring the impact of countless women across all 77 counties of the state, from all aspects and areas of the agricultural industry. The honorees were nominated by their peers and selected by a committee of 14 industry professionals. This week Kellie Muller of Martha, Okla. is featured this week as a Significant Woman in Oklahoma Agriculture.
"It was the summer of 2006. A guest in the Mullers' farm house near Martha, Okla., sat at the kitchen table visiting with Matt Muller.
"Within a few minutes, wife Kellie, then 31 years old, entered the room.
"In her arms was a stack of freshly laundered towels.
"While the towels were neatly folded, it would appear her life was coming unraveled - unless you know Kellie Muller.
"She was bald.
"The smile was just as warm as the towels she had taken from the dryer, but her thick brownish/black hair was gone.
"In the middle of wheat harvest, she had been diagnosed with an aggressive form of breast cancer. A large tumor was removed. She had a double mastectomy and had finished her third chemotherapy treatment a few days earlier.
"On that summer morning in 2006, Kellie sat down at the table and told the visitor, "It was tough initially. It's kinda like farming, when you can't control the rain, and this is something you can't control. That's when you have to totally rely on Jesus for daily strength, especially around the kids."
"Matt and Kellie Muller are nearly 11 years down the road from that day, and as always, they are up to their hearts in farming."
If you are involved in the beef business, chances are you know the tagline: "Beef. It's What's for Dinner." According to Alisa Harrison
with the National Cattlemen's Beef Association, that slogan is as relevant and effective today as it was when it was first adopted by the Beef Checkoff years ago. In a recent conversation, she told me, that statement will continue to herald the beef industry's branding efforts, as the central theme for a new promotional campaign, scheduled to debut this October.
"It's an iconic brand. The beef industry has been using it for over 25 years and it's interesting that even with the young Millennials, it still has a lot of equity," Harrison said. "We'll be relaunching the "Beef. It's What's for Dinner." brand - merging the discussion we're having with consumers about the product, as well as how it's produced. We're very excited about it and looking forward to October when we launch."
The relaunch of the brand will include among other things, an awareness campaign focused on producer image and a new flagship website that will consolidate the industry's existing eight website platforms. The one-stop shop for all things beef will be the landing for anyone with questions about beef. NCBA will utilize social media and other new digital technologies to push consumers to the website for the information they seek. In addition, a big focus of the campaign will obviously spotlight the product - beef.
"Our product is really our best asset," Harrison insisted. "We're making it a little more front and center than it maybe has been. And all under the banner of the "Beef. It's What's for Dinner." brand and leveraging the strength and equity of that to propel our message forward."
Listen to Harrison and I speak more about the new campaign being launched in the months to come, leveraging the time-tested "Beef. It's What's for Dinner." brand, on today's Beef Buzz - click here
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The National Association of Corn Growers expressed its concern for legislation that was blocked in committee last week.
In a statement, the NCGA thanks the bipartisan sponsors of the Consumer and Fuel Retailer Choice Act, and tactfully expressed disappointment in the fact that the legislation would not advance.
"We will continue to back efforts to remove this unnecessary roadblock to consumer choice that saves drivers money and is better for the environment," the statement read.
The NCGA says the bill would solve a simple issue, good for consumers, but contends the waters have been muddied with a range of concerns unrelated to the root question at hand.
"It is unfortunate that some have turned a focused effort to remove an outdated regulatory barrier into a referendum on a wide range of other issues unrelated to a simple question, which is whether a consumer choice barrier for three months of the year is still justified," state NCGA.
The organization vowed to continue pursuing the adoption of the bill by our Congressional leaders, to advance the work of those in the ethanol industry, which they insist is good for the consumer, good for business, and good for the environment.
Click here to read NCGA's complete statement on the matter.
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It's understandable to think that once the market is flooded with a product of a certain quality that premiums would evaporate over time for that product. Beef for example. With production practices becoming better and better, the quality of beef continues to get better also. And now, Certified Angus Beef is reporting that more beef than ever is grading well enough to be qualified for their brand. But, it seems they are defying the odds. Premiums for CAB beef, have continued to rise even with more CAB beef on the market.
"Our tonnage keeps setting records this year with 10% or more greater supply, but the average reported premium to producers is almost a dime above last year's first half," explains Paul Dykstra, beef cattle specialist for the brand.
In fact, June 19th brought an all-time high for CAB premiums as USDA's Mandatory Price Reporting showed one packer paid a record $14/cwt.
The numbers show - premiums are growing, and that's only motivating cattleman to produce higher quality cattle. John Nalivka, president and owner of Oregon-based Sterling Marketing, says it's a matter of consumer demand, trickling all the way down through the beef supply chain. Feeders are responding to the market signals, becoming pickier with the cattle they buy. And ranchers have helped the increase of better quality cattle, having culled the lowest performing cattle in their herds.
As a result, Nalivka says we've got a better herd for producing better beef - the kind the consumer wants.
"The fact is, there are still premiums and they're still worthwhile," Dykstra says. "CAB is leading the charge and there's money to be made."
You can read the full article from the folks at CAB, or watch a video clip featuring Dykstra explaining how the market is supporting the efforts of cattlemen who provide the market with CAB qualifying beef, by clicking or tapping here.
|This N That- Huge Hearing Planned by Senate Ag Committee, Jake Fanning a Star and Canola 101 Happens Tuesday
Senator Pat Roberts
of Kansas will chair a REALLY BIG SHOW on Tuesday morning as his Senate Ag Committee will hear testimony from farmers and ranchers from 14 states on risk management as it relates to Commodities, Credit and Crop Insurance in the 20154 Farm Law and upcoming 2018 Farm Bill. Click or tap here
for more details- note that it starts early- 7:30 AM CENTRAL TIME- and you can watch on the Senate Ag Committee Web Site.
We will get into this in more depth tomorrow- but want to say congrats to Jake Fanning
of Laverne FFA who has named at the end of this past week as one of the four finalists for Star Farmer of America consideration for 2017.
Yep- that's the same family- Jake is the son of Tom and Michelle-
he was the 2014 State Farmer of Oklahoma and his brother Lane
was the 2017 Star Farmer of Oklahoma earlier this year. Click or tap here
for the National FFA release from Friday with the list of all of the star finalists for 2017.
Finally- a quick note- there will be a Canola 101 Workshop
tomorrow in Stillwater- all the details on that can be found in our calendar- click or tap here
to learn all about it.
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