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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
Tuesday, September 5, 2017
Oklahoma's Cotton Crop in Need of Additional Heat Units to Finish Out the Year, After a Cool August
Cotton farmers in Oklahoma are hoping for some warm weather this month, after a cooler than normal August. According to the latest Cotton Comments newsletter by OSU Extension, the total heat unit accumulation for the month of August closed out 19 percent below normal, a fairly significant hit to the maturity rate of this year's crop.
This case is somewhat similar to that of last year. Farmers experienced a cooler than normal August in 2016, but were able to make up for the loss of heat units during the following months of September and October. However, there is no guarantee that will happen again this year.
In theory, the newsletter's editor and cotton specialist, Randy Boman, suggests there is still a lot of cotton maturing weather yet to come, taking into account the average heat unit accumulation data. Should we get "normal" temperatures in both September and October this year, he says farmers still have a good chance to see their cotton fully mature, but he notes that many things besides heat units can affect the outcome of a crop.
Based on the available information, though, it appears that dryland cotton planted as late as June 20th around Altus, has up to a 2 bale/acre potential. In areas farther North, some high yielding dryland fields may have a challenge to mature, if temperatures fail to meet the normal average. It appears that the irrigated fields which were planted before the end of May, however, are probably going to finish okay, writes Boman.
To read more of Boman's thoughts on the current status of Oklahoma's cotton crop, click or tap here
, for the complete story in the latest Cotton Comments newsletter.
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. AND- check out the list of County Farm Bureau meetings that are happening right now- get involved at the local level with your County Farm Bureau!
|Grains Council and Soybean Association Warn Trump- Don't Mess with KORUS
In response to indications that the White House is preparing a withdrawal from the free trade agreement between the United States and South Korea as early as this week, the American Soybean Association and US Grains Council issued separate stern warnings that withdrawal from the pact, and the larger strategy of brinkmanship with regard to trade agreements by the White House, could have disastrous consequences for US Agriculture.
The Grains Council's statement says ""The Council strongly opposes withdrawal from the U.S.-Korea Free Trade Agreement (KORUS), an action that will lead to immediate and sustained losses in sales to our third largest corn customer."
The Council adds "KORUS has solidified and enhanced our longtime and fruitful partnership with South Korea. Unilaterally walking away from it now is a rash move that will harm relationships we have built over a period of 40 years at the expense U.S. farm country."
In their full statement and background on the importance of South Korea as a customer of US farmers and ranchers- the Grains Council details the volume and impact of trade with Korea for grain farmers and the US pork and beef sectors- click here to read their complete statement.
As for the American Soybean Association, their statement is attributed to ASA President Ron Moore who says "Trade helps our country, Mr. President, and withdrawal from KORUS would hurt us all. As soybean farmers, we benefit greatly from exports, which contribute a $2 billion annual surplus to our nation's balance of trade. Trade makes our local businesses and our communities stronger. Yet whether it's South Korea, Mexico and Canada, or our neighbors on the Pacific Rim, we once again find ourselves fighting to communicate the value of trade to farmers."
Moore goes on to say "As American soybean farmers, we demand that the U.S. remain in KORUS, and that we move forward to negotiate new trade agreements rather than retreating from existing ones. We must expand rather than abandon access to essential overseas markets for the products we produce."
Click here for the holiday weekend statement from the ASA.
Feedlot buyers are becoming increasingly selective in the way they either reward producers for preconditioning their cattle, or in some cases discounting them for not. There is a variety of programs producers can take advantage of for preconditioning their cattle and data suggests, doing so, can be much more profitable for your operation. If your herd calved in the spring, it is just about time to begin weaning. As you gear up for that - the Noble Research Institute has recently published a list of its Top 10 Tips to help you have a successful weaning/preconditioning season.
1.) Their first tip, is to plan early. They suggest coordinating with all those you'll be working with this season, such as extra hands and your vet. Be sure to order your vaccines early as well, as some can come into short supply during peak seasons of use.
2.) Stockpile forages in the weaning trap/pasture. This will ensure you have adequate quantity and quality of standing grass for the newly weaned calves to eat and bed in during the preconditioning phase.
3.) Develop a marketing plan
. Know your marketing strategy by the time you get ready to wean the calves. Identify a branded program that you can affiliate with, such as the Integrity Beef Alliance
, to help differentiate your calves from others being sold at the same time of year. If not affiliated with a third-party calf program, you will want to make sure there are other value-added calves being sold on the same day and market as your calves.
4.) Consider risk protection of the calf crop. Visit with a financial adviser who is familiar with agricultural commodity markets or an agricultural economist to help make the decision of what, how and when to purchase risk protection.
5.) Procure feed and quality hay
. Give yourself time to buy and the feed dealer time to deliver the feed and hay that will be needed for the preconditioning phase of calf development. Plan to feed the highest quality hay to the calves you have while you have them caught up during the bawling-out period. Calves won't eat much during this time, so what they do eat must be nutritious.
Karen Krehbiel Dodson was recognized by the Oklahoma Department of Agriculture, Food and Forestry last week, as a Significant Woman in Oklahoma Agriculture. After marrying into her husband's farming operation, Karen has achieved a lot in the rural community. She has served on the state Board of Agriculture since 2013 and is the first female to serve in this capacity. She's on the Caddo County Excise and Equalization Board, was a member of the Oklahoma Agricultural Leadership Program Class X, and serves on her county Farm Bureau Women's Leadership Committee. In addition, she is a Certified Public Accountant and runs her own accounting firm.
However, her duties to work and family increased even more after her husband, Jeff, passed away in 2011 due to cancer. Her father-in-law, Wayne, passed just a short time after. But, with the help and encouragement of her daughter, Brittany, the mom and daughter duo were able to overcome the obstacles of life - and together, they have been running the 2,500 acre diversified crop and sheep operation and the family's irrigation business, Southwest Center Pivots, all on their own ever since.
Both of these women have taken the good with the bad, working hard to keep their promise to their late patriarch to keep the farm going.
Turning a new chapter in their lives, though, the work on the farm is soon to get a little easier. Both mother and daughter have become engaged and are set to marry their fiancés this April. Brittany plans to return permanently to the farm, since graduating from OSU with a degree in ag-economics, with her soon-to-be husband.
To read more about Karen and Brittany's story in agriculture, be sure to read their full profile from the Dept. of Ag, up on our website, by clicking here
For the past several days and weeks, different industry groups have been sending comments to the EPA, weighing in on what they believe the agency should do concerning proposed volume mandates of ethanol and other advanced biofuels, through the Renewable Fuels Standard. Currently, the EPA has proposed a 73-million gallon cut in cellulosic fuel volume and a 40-million-gallon total biofuel reduction next year.
While some groups like the Renewable Fuels Association and Growth Energy and others have advocated that the EPA uphold the RFS at statute levels and even consider increasing total biofuel targets, other groups are naturally for reducing them - like the National Chicken Council, for instance.
Currently urging for further reductions, the National Chicken Council has long opposed the RFS. In recent comments to the EPA, the NCC suggests that the RFS targets exceed the percentage of ethanol Congress envisioned being used in the fuel supply. The NCC says this in turn creates artificial demand for corn in ethanol markets, which invites the overproduction of corn-based ethanol, and "needlessly drive up corn prices for broiler chicken companies and other corn users who do not enjoy a large federal subsidy."
NCC says it believes the proposed volume for the total renewable fuel mandate is overly aggressive, based on faulty assumptions about the fuel market, and "will cause economic harm and disruptions to the corn market and nation's feed supply."
KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.
And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
|Growing China's Market a Work in Progress That'll Take Time But the Reward Will Be Worth the Wait
While US beef has been approved for import into China for some time now, developing that market is still a work in progress. The first shipments of US beef are actually just now reaching China's shores. However, at the end of this month, the US Meat Export Federation will be showcasing US beef in some of China's largest cities. USMEF's Dan Halstrom
spoke recently with me about these events and his outlook on the future of the Chinese beef market.
"We're actually holding three different showcases, or kick-offs," Halstrom said. "One in Beijing, Shanghai and Guangzhou at the end of September."
Each event will host approximately 300 professionals from the trade industry, including import distributors, retailers and especially members of the food service sector - who Halstrom says desperately want US beef. A range of cuts will be featured at the events for tasting, accomplishing the critical task of getting the product in their mouths. These events are the best way, Halstrom says, at re-familiarizing China's food industry with our product. As that process continues, producers and packers back home are ramping up their efforts to produce cattle that qualify for the strict regulations under which beef destined for China's market must adhere to. All this effort is being done to nurture a new market into eventual maturity, which he believes holds great potential.
"The potential is big on the value side. This market is not going to be the biggest volume market," Halstrom said, explaining that China's market could grow exponentially over the next ten years or so, particularly in variety meat purchases. "The variety meats in my mind - the USTR did a wonderful job negotiating. This is the hidden benefit of the agreement."
Listen to my guest, Dan Halstom, and I discuss the market potential of China and how the USMEF plans to develop that potential, on Friday's Beef Buzz - click here.
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In addition to a few other state Beef Council's, Oklahoma's had the opportunity this summer to participate in the American Culinary Federation 2017 National Convention held at Disney's Coronado Springs Resort in Orlando, Florida, representing the Beef Checkoff and provided attendees with a foodservice tour, a hands-on workshop and an educational breakout session.
Nearly 20 attendees took part in a behind-the-scenes tour of the resort's banquet and kitchen facilities led by Peter Daledda, Chef d' Cuisine for Disney's Coronado Springs Catering. The guests on the tour learned about the logistics of coordinating catering efforts at the facility and the various beef menu items offered which included everything from classic hamburgers to up-scale steak dinners.
Following the tour, the attendees participated in a workshop lead by Dave Zino, Executive Chef for the National Cattlemen's Beef Association.
The Beef Checkoff also hosted an educational session entitled "Beef: Breakfast, Brunch & Beyond," which highlighted beef breakfast ideas demonstrated by the 2016 ACF Chef of the Year, Patrick Mitchell
, Executive Chef for Ben E. Keith in Fort Worth, Texas.
You can learn more about the Beef Checkoff's participation at this convention and the influence it had there, promoting beef products, by clicking or tapping here
to read the complete story.
|This N That- Vote for OALP Alum Leslie McCuiston for America's Pork Farmer of the Year and All American Beef Batallion Needs Your Help in Southeast Texas
Leslie McCuiston is a senior production manager for The Maschhoffs, LLC. McCuiston believes in equipping employees with the right tools to provide the best animal care every day. She oversees 70 employees who care for over 18,000 sows in central Nebraska.
But- she has great Oklahoma roots as well- Leslie was a part of Class 12 of the Oklahoma Ag Leadership Program- at that time she has working for Cargill on one of their pork production units here in the state.
We invite you to take a moment this morning and take a moment the next couple of days to vote for Leslie to be the 2017 America's Pig Farmer of the Year. (you can vote once a day)
Click or tap here- then scroll down to the list of candidates and click on the Vote for Leslie hyperlink.
The popular vote is figured in with the ratings from the judges that have met with the four candidates last week- and a winner will be announced soon.
Good Luck Leslie!
Robert York is the CEO of the National Livestock Companies that have been helping the All American Beef Battalion as they have deployed to southeast Texas to fix burgers and route supplies to folks in need after Harvey has been gone for days and left a huge mess.
Robert wrote on his Facebook page overnight some of his experience going down over the holiday weekend and helping AABB in doing this important relief work.
"Thank you OKC West for a trailer to take supplies to Houston. A stock trailer can deliver blessings. Thank you to National Livestock and Southern Oklahoma Livestock for donations and prayers and for the countless people who contributed money or clothes, diapers, baby formula, water, etc. A man handed us cash at Murphy because he knew where we were headed. Not one dime or the smallest piece of clothing was wasted.
"The need in Wharton, TX is severe and in other small towns in south TX. Houston got lots of relief but it's slower to arrive in the rural communities. The All American Beef Battalion is ramping up burger production expecting to stay 10 days and feed 130,000 meals. A bare parking lot stood at 10 am Saturday and now thousands of burgers are being shipped every day. National Beef Packing and Cargill for meat donations, the folks at Mid South Baking for bun donations, wow it's overwhelming. If you want to donate to AABB or items for relief, PM me for details."
If you are a friend of Robert's on Facebook- you can contact him there- but now that the holiday weekend is over- you can also call the National Livestock Credit office in OKC this morning- that number is 1-800-310-0220 and they will help you with your donation to AABB as they continue to cook burgers and care for folks in recovery mode.
And- by the way- pray for our cattle industry friends and everyone else in Florida as another huge storm is churning towards that state- Irma may arrive on 9-11 and it could be bad.
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.
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