|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 1,191 cattle on their showlist for the Wednesday, November 8th sale of finished cattle - details will be available after noon today by clicking here.
Stocker calves traded 2.00 to mostly 4.00 higher compared to last week at OKC West Tuesday, - click or tap here for a look at the November 8th 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, November 8, 2017
US Beef Exports Continue to Trend Higher in September While Pork Remains Steady, Says USMEF
September has proven to be another good month for red meat exports, according to the latest report from the US Meat Export Federation that revealed US beef exports edged higher in volume and climbed substantially in value, while pork exports stayed a steady course close in line to levels seen in the previous month and year.
Beef export volume, although lower then August, improved from the same time last year by two percent to 103,552 mt. Export volume topped $600 million for for the fourth consecutive month at $616.9 million, up 16 percent from a year ago.
Pork exports totaled 183,481 metric tons in September, nearly identical to both the September 2016 and August 2017 volumes. September export value was $503.8 million, up 3 percent year-over-year.
"The September export results really illustrate the importance of having a diverse range of pork export markets," said USMEF CEO Philip Seng. "Even with our three largest markets down year-over-year, volume kept pace with last year and value posted an increase. This is why it is so critical for USMEF to continue identifying and developing new markets for U.S. pork, especially in this time of very large production."
Strong demand for US beef and loyal relationships with customers in the Asia Pacific and Western Hemisphere have continued to drive beef sales, but new headwinds have arrived slowing the pace of growth, with Japan's 11.5 percent duty rate increase now triggered on frozen beef from the US and growing competition with Australia.
Pork exports to the commodity's leading volume market Mexico, edged modestly lower in September by about four percent from a year ago - while export value slipped 7 percent to $122.1 million. However, they remained well ahead of last year's record volume pace and were bolstered by year-over-year increases to South Korea, Canada, Central and South America, the ASEAN region and Taiwan. Volumes trended lower though to its leading value market Japan, China/Hong Kong and Australia.
For more highlights from the report compiled by the USMEF or to view it in its entirety, 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 results of a new study commissioned by the US Grains Council and the National Corn Growers Association were released this week that quantified the economic benefits of grain exports that directly and indirectly impact farmers, their communities and the nation as a whole. According to the research, in 2015 the total economic output of these exports registers at approximately $55.5 billion and supports nearly 262,000 jobs.
"International markets represent demand that would not exist elsewhere," said Deb Keller, USGC chairman and a farmer from Iowa. "This research highlights the important economic benefits of exports that our U.S. economy depends upon to subsist."
If exports were halted, the study indicates that more than 46,000 jobs and $2.6 billion in GDP would be adversely impacted as it relates to the rural sector.
The study was conducted by Informa Economics, and suggests that the influence of the US grains export market extends well beyond the ag industry. These results showed every $1 of grain exports generated supported an additional $2.19 in business sales. And every job directly created by the export of grain and grain products supported an additional 4.7 jobs in the United States.
"The value of exports to the U.S. economy extends far beyond our fields and farms," said NCGA President and North Dakota farmer Kevin Skunes. "By analyzing the impacts to individual states and congressional districts, constituents and legislators alike can better understand how their local communities benefit from and depend on exports."
Read more about this study and the impact of grain exports on the US economy, and view the complete report, by clicking here.
|Value Added Programs Play Important Role in the Success of Beef Markets, Made Evident this Year
This year has been very unusual to say the least, but in a good way, according to Randy Blach, CEO of CattleFax. He spoke with me during the American Angus Association in Fort Worth this past weekend. He says what is so unusual this year about the markets is that all segments of the beef pipeline, have managed to be profitable.
"You don't see it very often. Every level of production and marketing has had good margins and that tells you how good demand is," Blach said, adding that prices are higher than anyone would have initially guessed and in the face of larger productions levels. "The real question is: Can we grow our exports another level to be able to keep these large proteins supplies from having a significant impact?"
A major driver in the demand factor has been the value added programs, such as Certified Angus Beef, which for the past two years has eclipsed the 1 billion lb. mark in total annual sales. He says this illustrates the skill and knowledge working behind the brand, and the economic impact it has had on the industry. Blach says the secret - is listening to the consumer and understanding what they want.
"We've had tremendous demand growth over time," Blach said. "We've been able to give consumers the quality and quantity of these products which I think is the reason that we're winning the demand battle."
Listen to Blach and I continue our discussion from Monday's show on the surprising demand strength in beef markets this year, on yesterday's Beef Buzz - click here.
Dr. Todd Baughman Reviews Dicamba Related Issues and Corrective Action Taken, at Oklahoma Ag Expo
I caught up with Dr. Todd Baughman at the Oklahoma Ag Expo yesterday, who spoke on dicamba drift and related issues. While the matter saw its most significant flare coming from northeast Arkansas, Baughman said Oklahomans were lucky in the fact that drift issues were quite limited here in the state.
Obviously, he hopes farmers won't have to relive the situation they did earlier this year. But, thankfully, he says the EPA has instituted several rules that should hopefully correct the problem and prevent the chemical's misuse.
He explained that only certified applicators would be able to purchase and apply the chemical. Additionally, rules prohibiting the use of dicamba at night are also to be imposed to keep it from being applied and affected by peak times of temperature inversion.
"Limiting some of those types of things will hopefully help to alleviate some of the problems," he said. "We hope as we grow with the technology, some of those will go away."
A concerted effort from farmers, Baughman says, is key to overcoming the problem at hand and keep future damage from occurring.
"Hopefully, we'll learn from those (rules) and improve on that," Baughman said. "It's a technology that's very much needed, but we need to use it right."
to listen to Baughman's complete remarks on dicamba drift here in Oklahoma and what measures are being taken to curb its impacts.
If you have got questions about your beef checkoff- the Oklahoma Beef Council has lots of resources on their website that can provide answers!
For example, there is a statement from the Board of Directors of the Oklahoma Beef Council that offers the details of how they have responded to the embezzlement of checkoff dollars, keeping in mind that this is still an active criminal case as the guilty party awaits sentencing.
AND- click here for the home page of the Oklahoma Beef Council website- there's tons of resources you can discover- including great recipes to try out with your family.
Oklahoma's Beef Producers want to remind you- above all else- BEEF, It's Whats for Dinner!
OSU Small Grains Specialist David Marburger is spreading the good news that late-plating farmers can still expect a wheat crop that yields well, provided the right management decisions are made and environmental conditions cooperate.
In a blog post this week, Marburger offers a few considerations that farmers should think about as they plant their wheat this late in the season. With his advice, farmers will hopefully be quipped to maximize their yield potential this year.
Some of the topics Marburger covers includes seeding rates, fertility, variety selection and how to deal with pests.
Seeding rates, Marburger insists, is the main problem with late-planted wheat. He says often during this time, tillering is reduced and canopy closure slows. Marburger suggest farmers raise their seeding rates by 50 to 100 percent, up from the typical 60lb./acre to 90 or 120lb./acre if planting between now and mid-November.
There may be questions too on replanting decisions during this time of year. This can be a challenging decision, he says, but the first step is to count the number of plants in different parts of the field to assess the stand.
After assessing the stand, areas with thin or nonexistent stands should be filled in to reach your desired stand target. If replanting into an existing stand, it should be done at an angle (up to 45 degrees) to minimize damage to the existing stand.
Click here to read more of Marburger's advice on how to get the most from your late planted crop.
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.
The 14th Annual Holt Cat Symposium on Excellence in Ranch Management was held on Oct. 26-27, 2017 in Kingsville, Texas, attracting more than 155 ranchers and landowners from 12 states and Canada to discuss transitioning ranch ownership and management.
The symposium addressed the important need for ranchers to begin the succession conversation immediately and featured the sound strategy advice from a lineup of succession planning experts and experienced ranch managers
Discussion at the symposium yielded some key points that attendees were able to take home with them, to apply to their own individual situation and hopefully prepare them and their families for the future.
Included in these takeaways - attendees learned that the process of succession planning begins with taking an inventory of your current personal and business situation. This is a time for critical conversations with a ranch's stakeholders to occur, during which action items need to be identified and assigned for possible scenarios that may arise.
One consultant, Margaret Vaughan, explained the three phases of succession planning, which
provided instruction on how to initiate the succession planning conversation, create a shared ranch vision for the future, and formalize the ranch decision making model and governance.
Guidance on estate planning and the transfer of assets was provided by attorney James Decker. The key to success in transitions, advised Decker, is that ownership and management, legal counsel, CPA, and financial advisors all work together on the same page.
Click over to out website
to get details on the full program that took place during the symposium and find out how you can get started on the process of making future arrangements for your farm or ranch.
|Results of Oklahoma Beef Checkoff Vote Likely to Come on Thursday
Apparently there is a very good chance that we will know whether or not Oklahoma cattle producers have approved a secondary state beef checkoff sometime on Thursday.
In talking with Oklahoma State Secretary of Ag Jim Reese at the Oklahoma Ag Expo, he has been told that the third party auditors who have overseen the vote- and have counted the ballots and done a spot check of those who were voting and if they own cattle or not- that they will be bringing the counted ballots to him on Thursday morning.
The Secretary added that he is reviewing the law that authorized the Checkoff Referendum- and that the law requires him to do several things as he verifies the vote and announces whether or not it has officially passed.
It sounds like that we will get a preliminary result announced on Thursday- subject to final verification by the Oklahoma Department of Ag.
OCA expects to be able to discuss the vote on Thursday afternoon.
Overhanging the process is the litigation brought by several cattle producers who are asking the Oklahoma Supreme Court to overturn the results of the vote- according to Supreme Court documents- the first public court "oral presentation to a Referee of this court is set for December 5, 2017 at 10:30 AM." Secretary Reese says the ODAFF will be represented by in house lawyers.
|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, National Livestock Credit Corporation, 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!
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: