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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, October 27, 2017
Jaci Dedrick Goes for a National Title- and More FFA Contest Notes for Friday
Jaci Dedrick of the Newcastle FFA has made her presence known at the 2017 National FFA Convention- singing several times already on the Convention Stage in Bankers Life Fieldhouse- with thousands of FFA members screaming and singing along with her. During the Third General Session on Thursday evening, she sang "God Bless the USA" and brought the house down- and after that performance, we caught up with her as she stepped off the stage and talked with her about her singing gift and how that has intersected with the FFA.
Dedrick has been singing since she could talk- her first venue was church and her early performances were barefoot. Today, FFA has provided lots of opportunities to share her talent- and she is hoping to win the 2017 National Convention Talent Competition outright on Friday night. She was runnerup in 2016- and decided to take another shot at it here in 2017- and based on the crowd reaction to date- she may be the favorite to win it all.
Click or tap to listen to our visit with Jaci and learn more about how God has been opening doors for her to sing and inspire us all.
MEANWHILE- let's talk about where we stand in the various contests and competitions we have been following:
A farmer from Minnesota grabbed the American Star Farmer Award late Thursday evening- ending Jake Fanning's hopes for that honor. The Fanning family is still excited about son Lane's chances to grab a National Proficiency Award this afternoon in Beef Production.
Lane Fanning and 22 other Oklahoma FFA members are finalists in the Proficiency Awards- specific areas of work based on your FFA projects- and those awards will be handed out this afternoon.
We are also waiting on how the more than two dozen Oklahoma FFA members have done in the National Agriscience Contest.
At least two teams are in the finals of their respective contests today- the Fairview FFA Marketing Plan team made the national finals while the Kingfisher FFA Conduct of Meeting team are also in the National Finals of their contest at midday today.
Both Reagan Stephens
of Weatherford and Kyle Young
of Owasso were in the National Final Four of their speech divisions yesterday morning- both gave a strong performance- and now wait to see if they are a National Champion or not- that will be revealed tonight in that same session where Jaci Dedrick hopes to win the National Talent Revue.
And- we wait to see if Piper Merritt
will hear her name called as a National FFA Officer on Saturday afternoon.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
|OCA's Michael Kelsey on 'In the Field' to Explain Mechanics of the State Beef Checkoff Referendum
Now that the absentee ballot, mail-in portion, of the proposed Oklahoma Beef Checkoff referendum is finished - I sat down with the executive vice president of the Oklahoma Cattlemen's Association, Michael Kelsey, to get a look into how the whole process of getting the referendum off the ground starts, and how it moves through to the end result. Kelsey first explained what the OCA had to do before actually getting the referendum underway.
"Title II of state law is very clear on how this process for a commodity to work through to achieve a state checkoff is conducted," Kelsey began. "In that process, a petition is required for signatures of ten percent of the producers of the particular commodity and an organization has to carry that petition process forward."
The OCA did just that earlier this year, and on June 14th, was granted authorization from the Oklahoma Department of Agriculture to carry out a referendum in which eligible producers in the state could vote on whether or not to approve the establishment of a state beef checkoff program.
As the responsible party for conducting the referendum, OCA must shoulder the costs associated with it. Obviously, the printing and distribution of ballots, fees, etc. But, this also includes the acquisition of a third-party auditor to collect and count the ballots, which will eventually be turned over to ODAFF.
Kelsey also took the opportunity of speaking with me, to clear up a concern that was recently raised about who was eligible to participate in the voting process of this referendum. He asserts that the ballot process is open to all producers in the state that would pay the checkoff should it pass - regardless of the producer's age.
"Every state that has initiated their own state checkoff has said - if you have to pay the checkoff, you're eligible to vote, regardless of age," Kelsey said. "We wanted to have a robust integrity with this process, and so regarding voters who are 18 years and younger, they need to put their guardian's name and phone number down."
Producers will have the opportunity to cast their ballot on November 1st at any county extension office during their normal business hours, if they have not already submitted an absentee ballot. For more information on how the referendum process works, click over to our website
, to hear our complete conversation or be sure to tune in this Saturday at 6:40 a.m. to KWTV-News9 for my 'In the Field' segment with Kelsey as my guest.
|Kim Anderson Analyzes Why the International Grain Council Estimates are Lower Than the USDA's
This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson
joins host Lyndall Stout
again, this time analyzing the impact of the International Grains Council's adjustment to its estimates for global wheat and corn production on the markets.
This week, the IGC raised its estimates of total global corn and wheat production, but still their numbers fell below that of the USDA's estimates. The IGC suggests that total wheat production will arrive at 27.5 billion bushels this year, compared to USDA's calculation of 27.6 billion bushels. For corn, IGC estimates production at 40.7 billion bushels compared to the USDA's estimate of 40.9 billion bushels. Anderson notes that this figure is the second highest on record, behind the actual record of 42.3 billion bushels.
Anderson says the markets showed little reaction to this change from the IGC, which he says was as expected.
With both feed grain and wheat in the tank right now, producers are wondering when they will see a turn around. Anderson says corn stocks can be chewed through more quickly than wheat can, perhaps even enough within one year to see prices significantly improve. He says prices could be substantially high by next fall, if progress is made. For wheat, though, it could be quite a bit longer.
"I think everybody is in agreement that wheat prices are going to be in the tank, at least until we get into July or August of next year and maybe into the '19 and '20 year," Anderson said. "It's going to take it sometime for this glut of wheat to clear the market."
He reports that farmers have helped the situation, by planting less acres last year than there's been in decades, and says there will likely be even less this year. However, he insists that prices can be improved, if farmers produce a quality crop with 58+ lb. test weight and 11.5 percent or better protein levels.
You can watch their visit tomorrow or Sunday on SUNUP - or you can hear Kim's comments right now and see what else is on the line up for this week's episode, by clicking here
|LMIC's Jim Robb Keeping an Eye on Beef Byproduct Exports, Which are Showing Signs of Softer Performance
US beef exports have performed exceptionally well over the last few years, showing year to year gains in both volume and value. In 2016, this market had a very good year, but 2017 is proving to be even better. I spoke with Jim Robb
of the Livestock Marketing Information Center out of Denver recently, who says the latest numbers that have come in on the export markets, including August of this year, have been very, very strong.
"In the summer months we do export our largest tonnage on a seasonal basis," Robb said, pointing out that exports to Japan have been of particular note. "Japan has been a very strong market and year-over-year gains have been almost phenomenal."
Overall, Robb says the meat export market's demand profile has been very supportive and it is a dynamic that he insists is important to keep in mind when looking ahead into the future. Right now, he believes we are on track to surpass the record amount of tonnage exported. As he looks ahead into 2018, he says there is nothing really on the horizon that suggests this dynamic will change. But warns that the international market can be a fickle place. While the world economy continues to grow at a significant rate, he says there is one worry out there that could put a kink in things, referring to drop credits - and more specifically, hides. He worries this might slow things down in the long run.
"We export most of the hides in the US but even the other components, liver and tongue, etc. that are very dependent on exports have been softer," he said. "We actually had some of the lowest values in several years in recent weeks. It's a bit of a quandary as to why we've struggled to export the byproducts that have really lagged here at this point and we're still trying to sort that out."
Listen to Robb and I discuss the performance of beef exports in the global markets during 2017, and what potential worries lie there, on yesterday's Beef Buzz - click here
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
I ran into Brooklan Light, yesterday, here in Indianapolis at the National FFA Convention. Brooklan is State Reporter for the Oklahoma FFA Association, and took a few minutes to speak with me about what motivated her to become a state officer in the first place.
She explained that although her FFA career began in the 8th grade, it wasn't until her freshman year that she truly realized what an opportunity she had to excel.
"The more I got involved, I just came to realize that it was something I was extremely passionate about," she recalled. "It's crazy, because if you had asked me back in the 7th or 8th grade what I wanted to do with the rest of my life, my answer probably would have been along the lines of, 'I want to play college basketball, or be a pro-basketball player or run track - be in the Olympics. It was crazy just to see the transition that has become of it. I realized this is where my passion lies and where my heart is."
Here at the convention, Brooklan says she is keeping very busy, working closely with other delegates on committees to strengthen and improve the organization's policies.
"I never realized just how much (state officers) get to do with delegate work and the committees," Light admitted. "That's been fun for me, because I love politics and just being in that process has been a really neat experience."
Brooklan is attending classes in Stillwater at OSU as a freshman, pursuing a double-major in agricultural communications and plant and soil sciences. During her high school years, she was heavily involved in public speaking events and exhibited pigs and goats, and also commercially raised Australian shepherds.
You can listen to my complete conversation with Light about her time so far serving as a state officer, on the Blue-Green Gazette
page of our website, featuring other great stories from National Convention as well.
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Yesterday, the House took final action on the FY 2018 Budget Resolution. While no reconciliation instructions were included for agriculture, the final version does include caps for agriculture that are lower than the baseline.
The resolution itself, enables tax reform to move forward in a process that includes up to $1.5 trillion in revenue reductions.
National Association of Wheat Growers CEO Chandler Goule responded to the action, and reiterated the importance of having a strong Farm Bill and effective tax policies in place to assure financial security for farming families.
"With prices the lowest they have been in decades, we strongly urge Congressional leadership to not only not allow cuts to the Farm Bill but provide more resources," he stated. "The Ag Committees need sufficient resources to write an effective bill that meets growers needs and that ensures farmers continue to have access to a viable safety net and other important Farm Bill programs."
He continued, promising that NAWG would continue to work with Congress to ensure the unique needs of agriculture would be met during the process of tax reform and farm bill reauthorization.
to see the original statement released yesterday, by Goule.
|Join Spur Ranch for Their Performance Herd of the Heartland Sale, Happening Today
For nearly 50 years, Spur Ranch has offered producers superior quality Angus genetics, built on sound performance testing, selection and breeding decisions.
As one of the first pioneers in performance programs standard in today's industry, Spur Ranch continues its tradition of breeding the choicest beef, in the shortest period of time at the lowest possible cost.
Producers will have the chance to bring some of the superior genetics of the Spur Ranch herd home with them, today, at the invitation of the Hartley Family.
Join the Hartleys, on the ranch in Vinita, OK for your chance to bid on cattle that grow, gain and grade.
This year's sale features 150 performance tested Angus bulls, 300 head of fall calving Angus heifer pairs, and 100 virgin open Angus heifers.
The 2017 Spur Ranch Production Sale is going on today, and kicks off at 12 Noon. For more information call Jeff Owen at 918-244-2118.
to visit the Spur Ranch website for a look at the sale catalog. See their listing on the calendar page of our website, here
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Oklahoma Beef Council, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, Alltech, Oklahoma AgCredit, the Oklahoma Cattlemens Association and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
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