|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.
FedCattleExchange.com has a total of 1,342 cattle on their showlist for the Wednesday, September 27th sale of
finished cattle- details will be available after noon today by clicking here.
Stocker calves traded steady to weak compared to last week at OKC West Tuesday, - click or tap here for a look at the September
26th sale results.
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
Wednesday, September 27, 2017
Thanks to strong profitability and years of excellent pasture conditions, the US cattle herd continues to grow, coming off the most aggressive three-year start to any expansion on record, between 2014-2017. Likewise, the beef industry is projected to increase production by three to five percent over the next two years, according to a recent report released by CoBank's Knowledge Exchange Division. Unless the industry is faced with any significant unforeseen setbacks, the report indicates that herd expansion will continue through to the end of the decade.
USDA estimates the 2017 calf crop will top 36 million head, an increase of 2.9 percent over 2016 and an 8.3 percent increase compared to the cyclical low calf crop in 2014.
So far this year, beef demand has surprisingly exceeded expectations, doing so with beef exports playing no small part in the feat and will remain vital to sustaining prices moving forward. Currently, exports are on pace to increase seven to nine percent in 2017 and five to seven percent in 2018.
The industry will likely concentrate on maintaining export growth and strong domestic consumption in the face of growing supplies. Increasing dependence on export markets offers significant growth opportunities for the industry. However, it also increases the uncertainty and risk of domestic oversupply.
While the number of market-ready cattle will continue to increase over the next two years, CoBank assures the slaughter capacity at U.S packing plants, currently available, will be sufficient to handle the increase. Saturday slaughter hours have been steadily increasing since the middle of 2016. However, it is unlikely that packers will need to reopen shuttered plants or build additional facilities.
For a more complete look at CoBank's report, outlining the projected increase in beef production and packers' ability to keep pace, click or tap here
Oklahoma AgCredit supports rural Oklahomans with reliable, consistent credit. Part of the 100 year old Farm Credit System, Oklahoma AgCredit offers variable and fixed interest rates to help you manage your budget.
Talk to a local team who understands agriculture. Talk to Oklahoma AgCredit. Financing rural Oklahoma. Equal housing lender.
The National Association of Wheat Growers submitted
comments to the EPA earlier this week, supporting the agency's action to withdraw and revise the Waters of the U.S. regulation.
NAWG President and Sharon Springs, KS farmer David Schemm stated in the release that his organization, "is alarmed with the activities EPA engaged in to promote the regulation and actions that the General Accounting Office determined were illegal."
"Our growers are seeking clarity in understanding which waters come under the jurisdiction of the Clean Water Act and the regulation finalized in 2015 does not provide that clarification," Schemm stated.
He also claims the 2015 regulation oversteps the role of the federal government and should respect the states' jurisdiction.
BY THE WAY- today is the FINAL day
to submit comments on the EPA rule to remove the 2015 Gina McCarthy WOTUS Rule- two of the easiest ways to get your comments in is to go to either the NCBA website
or the AFBF website
- click on the links and follow their instructions to weigh in on removing the current rule and starting over with a new and hopefully better WOTUS.
In a new study, conducted by former administrator of the U.S. Department of Agriculture's Risk Management Agency, Brandon Willis, debunks what Farm Policy Facts calls the Heritage Foundation's "misleading narrative" which they say suggests there is no place for farm policy in America.
Farm Policy Facts recent op-ed piece entitled, "New Study Exposes Heritage Foundation's Misleading Narrative About Farm Policy," describes production agriculture a jobs creator and a meaningful source of trade revenue, as well as being critical to our national security. The article cites the industry's contribution to the nation's overall economic activity, representing nearly 6 percent of gross domestic product (GDP) and 21 million jobs.
But, there are inherent risks to farming and ranching, they explain. And for this reason, Willis says a safety net is necessary.
FPF insists Willis' report presents information in contrast to reports by the Heritage Foundation that they claim "selectively uses data" to draw flawed conclusions. Willis on the other hand, "takes a comprehensive approach noting "relevant data should be presented in ways that inform the discussion . . . rather than in ways that distort information or confuse the debate."
According to FPF, the study offers a deep analysis of farm income, production costs, and the ability of farmers to manage commodity price swings and extreme weather risks.
"While Heritage likes to paint the picture that farmers are doing well financially, in reality, costs for farmers often outpace returns and a majority of farmers today are in or near economic trouble," Willis claims. He also notes that Heritage cherry-picks data and uses a flawed methodology to exaggerate the financial condition of actual farmers and ranchers.
FPF applauds Willis for his presentation of the facts concerning farm policy and their impact on the rural community. As the farm bill reauthorization process heats up, FPF suggests this study should be required reading for all members of Congress who wish to intelligently weigh into the debate. You can read FPF's whole opinion on the matter and get a look at Willis' report for yourself, by clicking over to our website
The American Farm Bureau Federation's Fall Harvest marketbasket survey found the total cost of 16 foods that can be used to prepare several meals was $51.13. The cost is up $1.43, or about three percent, from the survey results a year ago. Higher retail prices for several foods, including bacon, chicken breast and orange juice among others, are behind the increase. Of the 16 items surveyed, 12 increased and four decreased in average price.
The survey reflects consumer demand. Dr. John Newton, AFBF's director of market intelligence used bacon as an example to illustrate the current marketplace.
"Bacon was up significantly because of the lower inventory and higher prices of pork bellies. We saw a rally in wholesale bacon prices this summer and fall which is being reflected at the retail level," Newton said. "Bacon is a sexy food item in restaurants and everywhere else, creating an inventory decline and thus a price increase."
He says chicken breast supplies are tight right now, too, as is orange juice supplies, causing a run-up in the price for these items. And, thanks to recent hurricanes - orange juice supplies could get stretched even further.
Farm Bureau reports that for many food items, the year-to-year direction of the marketbasket survey tracks with the federal government's Consumer Price Index
report for food at home. But, as retail grocery prices have increased gradually over time, the share of the average food dollar that America's farm and ranch families receive - has dropped.
to read more about AFBF's most recent food price survey for a complete breakdown of the included items and their respective changes in price.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
On September 12th, the FAPC Center at Oklahoma State University, challenged college students to share their creative and innovative ideas for new food and beverage products to help foster creative research, idea development, product and process development, and commercialization potential at the Center's first-ever Food & Beverage Product Development Competition.
"The goal of the competition was to provide students with an opportunity to take on the role of a food scientist and develop a new product," said Dani Bellmer, FAPC food process engineer. "By participating in the competition, students gained an understanding and appreciation of the various stages of product development."
Helena Hollins of Langston University won first place with her new product: Silly Billy Frozen Yogurt, soft served frozen yogurt, crafted from locally sources and non-hormonal goat's milk.
A team of OSU entomology students, including Michael Caballero, Molly Drakeley, Haley Hahn and Thomas Hess, won second place with their creation: The Arthrobar, an individually wrapped protein bar made with insect protein.
Team FAPC Fab Four, consisting of Manish Aryal, Sabra Barnett, Audrey Boeken and Joyjit Saha, won third place with the idea of Ethos Pudding, made with exotic flavors and rare ingredients.
Entries were judged on both oral presentation quality and product characteristics and evaluated for consumer appeal and market potential; clarity and organization of presentation; product and process description; product appearance, texture and taste; creativity and uniqueness; and commercial process description. First-, second- and third-place winners received $500, $250 and $100, respectively.
Because of the success of the product development competition, FAPC is making plans for next year's event, which will take place Nov. 8, 2018.
Click here to read more about this year's competition, the submitted product entries that won and the creative teams behind them.
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.
According to Jim Robb
of the Denver based Livestock Marketing Information Center, the activity of cattle markets recently is showing some stability and resilience in the face of bigger cattle supplies, as suggested by the latest Cattle on Feed report from the USDA.
"Overall, I think the markets have somewhat adapted to the levels of production we've had," he said. "We slaughter last week up 6.9 percent year-over-year, so to have a stronger cattle market in the face of larger slaughter - most of which came from heifer and cow slaughter - is a market, I think, dealing surprisingly well. And, a little bit of an uptick last week is a good sign."
That stability, he says, has also been observed in live cattle futures as well. While some areas in the market may be a bit of a mixed bag at this point, Robb insists there is definitive year-over-year strengthening. He points out calf prices, for example, are much stronger than the industry anticipated, up a full $20 above a year ago.
"We saw from a technical perspective (markets) trying to churn a little bit early in the week and some clear strengthening as the week progressed," he said. "And again, that was probably supported by the meat markets looking a little better."
Listen to Jim Robb of the LMIC offer a big picture perspective on the unanticipated strength of the cattle market this year, with me, on yesterday's Beef Buzz - click here
|About That Rain- Tillman County Cotton Meeting Goes Inside, Shari Has Puddles Deep Enough to Dog Paddle In and Rain Totals Pile Up
Jerry Goodson from the Altus Research Station sent us this update on the Tillman County Cotton Field Day planned for this morning:
Plans to tour the two cotton variety trials in Tillman County have been changed due to continuing significant rainfall. With the wet field conditions, the meeting is being moved indoors in Frederick.
Time: 9:00 a.m.
Location: Great Plains Technology Center - Tillman-Kiowa Campus
2001 E. Gladstone
Frederick, OK 73542
Topics covered included:
Cotton varieties planted in the Nichols irrigated dicamba tolerant RACE trial and White dryland dicamba tolerant RACE trial
Updates from seed company representatives
Cotton maturity and harvest aids
Summary of insect issues
Speaking of the Tillman County area- Shari Holloway posted this picture on Facebook late yesterday afternoon- and it kind sums up the rain that has hit this part of our state:
And Finally- here's the latest snapshot of the rain that has been coming down across the western half of Oklahoma and a little more-
At least 8 Mesonet locations have topped three inches of rain in this current event- and tons more have more than two inches- even as Brent Bolen and friends in southeastern Oklahoma have gotten virtually nothing.
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: