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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:
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Ron Hays, Senior Farm Director and Editor
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, November 27, 2017
OSU's FooDS Surveyors Wonder, Just How Much Will Consumers Pay for Beef and Pork Products?
In the latest Food Demand Survey (FooDS) report published by the OSU Ag-Econ Dept., we find that consumer's willingness to pay, or WTP, decreased for all food products. WTP for deli ham saw the largest percent decrease among meat products compared to one month ago. WTP for all products, except rice and beans, reached its lowest point since the beginning of the FooDS Survey in May 2013.
Aside from the regular data collected, this month, surveyors posed some new questions related to consumers' WTP specifically for pork and beef products, in the ad hoc portion of the monthly survey.
To test this, individuals were asked whether they would purchase pork chops and beef steak at various prices, and were allowed to indicate their agreement on a scale of 1-100. The rating scale estimated a higher value for pork chops but a lower value for beef steak. Respondents answers were also compared to the values of a relative choice experiment, of which the rating scale estimated a pork chop value that was 11% higher, and a beef steak value that was 3% lower.
Respondents were also asked by surveyors about the factors they consider most important to determining food sustainability.
The survey's authors say that perhaps the major take-away from the results of this question, is that global warming is considered the least important part of food sustainability.
Topping the list of concerns, though, is making sure food is safe to eat; ensuring the availability of plentiful, affordable, and healthy food for everyone; ensuring enough food can be produced for future generations; and minimizing food waste.
To take a look at the complete summary report of this month's edition of the FooDS Survey for more highlights, click or tap here.
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|Cow Calf Profits Show Up in 2017- But Bigger Calf Crops May Make Staying in the Black Tough
Early in the year- red ink was considered a distinct possibility for the average cow calf producer in 2017. But, fall yearling and stocker prices rallied- and the combination of better than expected calf and yearling prices and rather low feed stuff costs have resulted in cow calf profit margins approaching $70 for 2017.
Jim Robb with the Livestock Market Information Center has helped craft a report on this fall's cow calf returns. While current prices aren't quite as high as we have seen in recent years past, they are certainly better than those we saw last year. However, with larger calf crops on the horizon for the next couple of years, Robb cautions that this scenario could pose some profitability problems.
"These increasing supplies are still something the market will need to deal with and will be a driver in the margins, in the next two years ahead. And, we shouldn't bank that we've cyclically turned higher on cow/calf returns," he warned. "They're still under some pressure from the supply side."
Click or tap here to read more
- and to listen to our conversation with Jim Robb about the status of profitability for the cow calf sector. (and we have a link to the LMIC report there as well)
Una Belle Townsend, author of the popular children's book "Grady's in the Silo," which is based on a true story about a cow who got stuck in a grain silo in 1949 in Yukon, was honored this past week by the Oklahoma Department of Agriculture as a Significant Woman in Agriculture.
Townsend's books incorporate agriculture in a way that helps children understand where their food and clothing come from. During her more than 30-year career in education, Townsend, was involved in the creation and the first curriculum development of Oklahoma's Ag In The Classroom program.
Townsend grew up in Marshall, Texas, but has lived more than half of her life in Oklahoma after marrying an Okie, Virgil Townsend, in 1973. Her grandparents farmed, which is where she credits her first memories of agriculture. She recalls picking berries and cotton for a "few minutes" and once rode her grandparents' cow Bossy. Aside from this, her passion for agriculture remained in her memories until she dove into being an educator.
She began her teaching career in Texas but spent 25 of her 30 years teaching in Oklahoma, primarily in grades first through eighth at Riverside Elementary School in El, Reno, Okla.
Aside from AITC lessons, Townsend took her students on field trips to farms. She was the Riverside 4-H leader for 15 years. She tried to relate everything back to agriculture, which is what led to her being named Oklahoma's first AITC Teacher of the Year. Townsend said she considers this her greatest educational accomplishment.
Her book, "Grady's in the Silo," was published in 2003, after being rejected on her first attempt to publish it a decade earlier. The book won the 2004 Oklahoma Center for the Book Award and has continually been Townsend's bestseller. Townsend also wrote another book called "Clancy" about a goat that eats wood but spits out the nails. Her remaining six books generally incorporate agriculture, animals or Oklahoma history.
Now retired, Townsend spends her days speaking at schools, doing author visits and attending craft shows with her books.
Una Belle Townsend has two books coming out in the next year and hopes to continue writing more.
Continue reading Una Belle'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.
Farmers invest a lot of money into inputs for their crops to utilize, with hopes of getting a return on their investment at harvest. But unfortunately, the loss of those added nutrients due to environmental factors and overspending for a lack of efficiency can ultimately hurt producers' bottom lines. At the recent Oklahoma Ag Expo, Brian Arnall, associate professor of soil and food crop nutrition at OSU, discussed how protecting the existing nutrients in your soil profile and using modern technologies to increase the efficiency of your input applications, can actually help squeeze waste out of your profit margins.
Arnall emphasized the importance of proper environmental stewardship.
"Nutrient management and making sure that we as an agricultural sector do our best to keep the nutrients we apply where we apply them, is really important to the sustainability of our system," he remarked, and suggested ways in which we can improve. "What you have to look at, is a multifaceted approach."
He says when you're thinking about your next Nitrogen or Phosphorous application, consider the Four R's: the "right place, the right time, the right rate and the right source for your inputs. He says that new technologies and advancements in precision agriculture available today, are key to being the most efficient that you can.
Another point he makes, is that applied nutrients can sometimes get lost in the environment, and goes wasted having not been utilized by the crop. Not only are you losing out on what you've paid into it, he says, but you are also losing out on potential profits in the long run.
For more of Arnall's suggestions on how to conserve and protect the nutrients in your soil, click or tap here to listen to my full interview with him.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|Temporary Waiver on Looming ELD Mandate Buying NCBA Time to Negotiate Long-Term Exemption
Come December 18, 2017, the US Department of Transportation's Commercial Motor Vehicle Safety Enhancement Act will go into effect, mandating all freight trucks to install electronic logging devices, or ELDs. The regulation will also limit truckers to 11 hours of driving daily, after 10 consecutive hours off duty, and restrict their on-duty time to 14 consecutive hours, which includes nondriving time. As you can imagine, this poses many problems for livestock haulers and the animals in their care. Thanks to the combined effort, though, of the National Pork Producers Council and the National Cattlemen's Beef Association, the DOT has decided to grant a 90-day waiver from this regulation for livestock haulers, to allow the department more time to consider their options. According to Allison Cook
of NCBA's Washington, DC office, this is good news indeed.
"This is definitely a little Thanksgiving present and in my mind, is a win," she said. "This gives us more time to continue our conversation with DOT about our long-term needs, but it also gives DOT a chance to take their time on our livestock hauler petition that we sent about a month ago - time to go through the comments and make a positive decision for our livestock haulers."
As that process plays out, Cook says other issues regarding the regulation's complexity will be discussed as well. One issue in particular, is to get clarification on the regulation's 150 air mile exemption. The NCBA is requesting formal guidance from the DOT on these matters and others, and hope to drive home the point that local law enforcement and haulers themselves will need to be educated on the regulation's specific parameters to avoid any confusion, when the time comes that haulers become subject to this rule.
"Again, they could grant that petition specific to our exemption for livestock haulers for up to five years," Cook said. "But, we're still going to continue our conversations with FMCSA about our long-term needs."
Listen to Cook discuss the issues surrounding the ELD mandate scheduled to come online soon, on last Wednesday's Beef Buzz - click here
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As the popularity of local farmers markets increases around the state, OSU Cooperative Extension and the Oklahoma Small Business Development Center have partnered to offer a new Market Manager Certification Program slated for Dec. 14 through Jan. 24 and will combine both in-person and online training webinars.
The program begins with two in-person sessions Dec. 14 and 15 at the Oklahoma County OSU Cooperative Extension Center in Oklahoma City, from 8:30 a.m. to 4:00 p.m. followed by a series of seven webinars and a final in-person session after the last webinar.
Information that will be of great benefit to market managers will be given on a number of topics throughout the course including best practices for successfully managing a farmers market, as well as gain understanding of how to conduct a needs assessment, develop a plan and evaluate performance of the markets in their area, among other topics.
Those interested can purchase a full registration for $300 by Dec. 1 or can choose to watch individual webinar sessions a la carte, for $50 each. Click here for more details on the program and how to register.
|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!
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