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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, October 9, 2017
USMEF Reports Continued Outstanding Beef Export Performance During August; Pork Slightly Lower
U.S. beef exports posted another outstanding performance in August, remaining well above last year's pace, according to statistics released by USDA and compiled by the U.S. Meat Export Federation. August pork exports increased from the previous month but were down slightly year-over-year.
August beef exports totaled 112,069 metric tons, up 5 percent from a year ago and the largest of 2017. Export value was the second-highest on record at $679.1 million - up 20 percent from a year ago and trailing only the record-high value ($688.8 million) reached in October 2014. For January through August, beef exports increased 10 percent in volume (823,433 mt) and 16 percent in value ($4.65 billion) compared to the first eight months of 2016.
Pork exports totaled 183,658 mt in August, down 2 percent year-over-year, valued at $511.4 million, down 0.3 percent. January-August volume remained 9 percent above last year's record pace at 1.61 million mt, while export value increased 11 percent to $4.21 billion.
"As we head into the final quarter, 2017 is shaping up as a very solid year for red meat exports but one in which the U.S. industry still faces significant challenges," said USMEF CEO Philip Seng. "We have new pork plants coming on line and strong cattle-on-feed numbers, which sends a positive signal to our international customers about product availability. But the international markets are increasingly competitive, so we must continue to aggressively pursue new opportunities for U.S. red meat products in both our traditional mainstay destinations and in emerging markets."
August beef exports to leading market Japan totaled 31,001 mt, up 22 percent from a year ago and the largest of the post-BSE era. Export value to Japan increased 35 percent and broke the $200 million mark ($200.05 million) for the first time since May 1996. For January through August, exports to Japan were up 23 percent in volume (209,502 mt) and 30 percent in value ($1.28 billion).
Pork exports to Mexico remained on pace for a sixth consecutive volume record in August, with volume up slightly from a year ago to 65,037 mt. Export value also increased slightly to $129.6 million. Through August, exports increased 18 percent in volume (522,227 mt) and 22 percent in value ($984.1 million).
Exports to Japan, the leading value market for U.S. pork, declined in August as volume dipped 9 percent to 31,863 mt and value was down 7 percent to $140 million. Through August, exports to Japan remained modestly higher year-over-year in both volume (260,352 mt, up 1 percent) and value ($1.07 billion, up 4 percent).
For more highlights from the August report compiled by the USMEF or to view it in its entirety, click or tap here
As a premier John Deere dealer, P&K Equipment is your local expert source for John Deere equipment, parts, and service. The P&K network is 20-stores strong (10 in Oklahoma, 1 in Arkansas, 9 in Iowa) and has been in operation for more than 30 years. When you put the P&K team to work for you, you'll have a powerhouse of resources and inventory on your side.
And if you check us out on the web at pkequipment.com, you'll have it all at your fingertips. New & used equipment (you can even request a quote or get a value for your trade!), current P&K promotions, service scheduling, online parts shopping, finance tools & so much more! Stop by and meet the team at P&K Equipment today- in stores or online. Because around here, John Deere starts with P&K.
AND- stop by and say Howdy next Tuesday- October 17th at the P&K location in Enid. We are having special Howdy Neighbors event with P&K and friends that day. There will be lots happening too! Demonstrations of John Deere guidance systems. Test drive Gator UTV's and John Deere compact and utility tractors. Stihl product demos', food trucks and much more! Special event pricing too. Starts at 10:00am and runs through 4pm.
|Houston Livestock Show CEO Joel Cowley Reflects on His Experience Judging Tulsa's Steer Show
The Tulsa State Fair welcomed one of the premier steer judges in the country, Joel Cowley
, to judge the nine divisions of the fair's market steer show this year. Cowley is known for having extensive knowledge when it comes to picking the winners, as the renown Houston Livestock Show's chief executive officer. This week, Cowley selected a crossbred steer shown by previous Tulsa State Fair winner, Baylor Bonham, of the Newcastle FFA Chapter. After the show, I had the chance to pick Cowley's brain on the what he saw at the show this year - and what impressed him most.
"Well first and foremost, I saw an incredible group of exhibitors," he answered. "They're respectful. It's obvious they put in a lot of work and this is a program that they will definitely benefit from in the future. Beyond that, I saw a really good set of cattle - very, very impressed with the quality of the show."
The reason behind livestock shows as we know them today, Cowley explained, is to provide and achieve a standard of quality for which commercial cattle breeders can aspire - a sort of demonstration of a perfected market animal. Cowley insists the cattle showed this year match up very well to that ideal level of quality and functionality that the industry continuously endeavors to achieve. He says, too, that exhibitions like these are also very important in promoting agriculture. Not only do the programs involved help foster a new generation of leaders in agriculture, it also serves to connect the urban populace with agriculture and allows the industry to showcase its very best.
"The mission of all these shows, whether it's a major stock show like Houston or San Anton' or the Tulsa State Fair or the Oklahoma Youth Expo - really it's to promote agriculture," he said. "And, we need to keep that in mind because agriculture is not something we can take for granted. It's very important that we foster that interest in these young people and we make sure that the general public understands how important agriculture is."
Listen to Houston Livestock Show CEO Joel Cowley talk with me about his experience this year judging the Tulsa State Fair Market Steer Show, on yesterday's Beef Buzz - click here
|OSU Honors DASNR Champions and Distinguished Alums
This past Friday evening- Oklahoma State University's Division of Ag and Natural Resources honored their Distinguished Alumni and DASNR Champion award winners for 2017.
Recognized as 2017 Distinguished Alumni of the College of Agricultural Sciences and Natural Resources are Richard Large, William (Bill) Lingren and Paul Redman. The 2017 DASNR Champions are John Groendyke, John Patrick Lopez and Merlin and Lillian Schantz.
"The division is so blessed to be able to call this group of industry leaders DASNR Champions and Distinguished Alumni," said Tom Coon, DASNR vice president. "These individuals are shining examples of sustained excellence in their respected fields.
Click or tap here to read about all six honorees- and we also have a link back to the DASNR Facebook page where the video of the evening's celebration can be seen.
This past week, Marjorie Moesel, was honored as a Significant Woman in Agriculture by the Oklahoma Department of Agriculture. Marjorie grew up on a diversified dairy farm in the 1940s where she learned about all aspects of animal husbandry, horticulture and farm life. She married her husband, Richard Moesel in 1952, but never strayed from her lifelong interests that revolve around agriculture, her church and Oklahoma 4-H activities. At the age of 68, she says helping young people develop talents and skills for a successful life keeps her active and satisfied.
Her own experience with 4-H began when she was still in grade school, at about nine years old. During her 4-H career Marjorie would go on to win the national 4-H gardening program award in 1948 and was named a National Achievement winner the following year. These successes were followed by becoming a junior leader at 15 and later serving as president of the National Junior Vegetable Growers Association first as a 4-H member and later as an adult leader for over 20 years.
In 2011 Marjorie Moesel received an even greater reward when she was named the year's National 4-H Salute to Excellence Outstanding Lifetime Volunteer Award. This is the program's highest 4-H leadership award. Despite her pride in winning this achievement she still remains modest.
In 1963, Marjorie's husband had a tragic accident involving a tractor on their farm in Pauls Valley. Marjorie says at that very difficult time, her friends, family and neighbors, many of whom she didn't even know at the time - stepped up to help her and her family make it. Ever since then, Marjorie has been instilled with the need to help others in her community and has found her outlet, working with young people not just on 4-H or horticulture projects but through mentoring programs such as the Whiz Kids program. She believes in pushing kids to grow and achieve and develop the skills that will make them successful later in life.
Moesel and her husband owned and operated Moesel's Hort-Haven in Oklahoma City until her son Rodd Moesel took over the business and renamed it American Plant Products. She still works in the nursery up to six days per week.Continue reading Marjorie's story about her life and what makes her a significant woman in agriculture, by clicking over to our website for her complete profile by ODAFF.
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.
It was inevitable: there would be more beef to sell in this third year of U.S. cow herd expansion. Better news emerged by spring: more of it would be premium quality. Even better by summer: the rancher, restaurateur and retail partners in the Certified Angus Beef brand were headed for another record year.
Sales of 1.121 billion pounds marked an increase of 106 million lb., or 10.4 percent over last year. That makes CAB's 39th fiscal year (FY) ending Sept. 30 one of its best, and part of a two-year, 25 percent rate of growth.
"This is more than a celebration of marbling," CAB President John Stika said at the brand's annual conference in September. "This is about relationships and the people who have elevated the relevance of this brand in the eyes of the consumer and across an entire industry."
Encompassing seven of the 10 best sales months in CAB history, FY 17 set an 11th consecutive annual sales record, continuing a 13-year-streak of year-over-year growth.
The gratitude, Stika said, belongs first to the ranching families who meet consumer demand with "intentionality" and uncommon speed. Meaningful genetic improvement takes years, "but fortunately, the economic signals sent to producers have been loud and consistent, and they've responded in a big way."
He credits a dramatic and positive shift in quality as producers rebuilt their herds.
"They literally and intentionally assembled the highest-quality, most Angus-influenced cow herd we've ever seen in North America," he said. In fact, CAB's 33 licensed packing plants saw a continued increase in Angus-type cattle identified, up 12 percent from last year to reach 15.2 million head.
Continue reading this article contributed by Certified Angus Beef, about the brand's continued growth driven by strong consumer demand and backed by producer's quality standards, by clicking or tapping here.
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In a joint statement released by the US Wheat Associates and the National Association of Wheat Growers this past week, the two organizations insist that they can't help but feel as though the world is passing the US wheat industry by - claiming that the new administration has been unable to make any progress wheat it comes to improving international trade agreements.
The statement says that even though the industry was in disagreement with President Trump when he withdrew the US from the Trans Pacific Partnership, the industry wanted to believe that new bilateral deals were on the horizon. As of yet, though, no such deals have been brought up for discussion.
Currently, they industry is watching two trade agreements they feel have worked well, go under renegotiation - NAFTA and KORUS, which has not even been fully implemented yet and give the chance to play out. Leaders of these two associations are now calling on the Administration to shift focus from trying to improve upon markets we already have good access to and concentrate on opening new markets - as they say they were promised would happen.
We were promised a series of bilateral trade agreements in its place," said NAWG CEO Chandler Goule. "USTR has limited resources - it is time to get past plowing the same fields and start opening ground in new markets."
As the industry continues to wait and see what action will eventually be taken by the Administration, NAWG and USWA say the word marketplace is becoming increasingly more competitive as the US sits on the sidelines. They also bring up the fact that they asked the White House not to do any harm to agricultural trade in their renegotiation efforts. But now they argue that harm is being done through inaction, rather than action.
"I'm glad to see we're not making any rash decisions about withdrawing from trade agreements, but we need to see more than that," said USW President Vince Peterson. "In the decade since KORUS was negotiated we have no new trade agreements and zero additional market access for wheat farmers. The Administration has committed to 'do no harm' for agriculture, but we think there is harm in not negotiating new agreements."
Click here to read the joint statement composed by NAWG and USWA, concerning the industry's insistence the administration work to seek new opportunities for wheat farmers in the global markets.
Woods County OSU Extension has extended an invitation for anyone interested to attend the oods County Beef Conference on Thursday, October 12, 2017 at the Northwest Technology Center in Alva beginning at 4:00 p.m.
Several prominent speakers will be featured at this meeting including Dr. Derrell Peel, OSU marketing specialist, who will discuss cattle markets and current trends in the industry and Dr. David Lalman, OSU beef specialist who will speak on the topic of cattle nutrition and management.
A panel discussion by local stocker cattle producers relating their experience and advice on health and nutrition issues related to receiving light-weight stocker calves, will be the highlight of this year's conference. The panel includes guests Jesse Chapman of Alva; Jeff Heaton of Capron; Tim Ohm of Alva and Allan Poe of Waynoka.
Dale Moore, with Cattleman's Choice Feedyard will also be there to make a presentation on adding value to your calf crop; Trent Milacek, OSU area ag economist, will review budgets for stocker calves in 2017 and Greg Highfill, Woods County Extension Educator, will discuss wheat pasture management of stocker calves.
A meal will also be provided during the meeting. Anyone who wished to attend is asked to please RSVP before October 11.
For complete details about the meeting, including instructions on how to RSVP, click or tap here
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