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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, December 1, 2017
Oklahoma State Climatologist Gary McManus offered his commentary on the latest Drought Monitor report released Thursday morning and according to it, nearly 40 percent of the state has been plunged back into drought conditions.
Near 73 percent of the state is also experiencing "abnormally dry" conditions and McManus expects conditions to continue to deteriorate, with no significant precipitation forecasted for the near future.
The eastern and northwestern parts of Oklahoma have been hit the most severe currently with drought. The USDA rates 75 percent of Oklahoma's topsoil to be either short or very short of moisture, the worst two categories.
According to McManus, this is the worst it's been in terms of drought coverage across the state, since this past April.
To read the full story or to view an enlarged version of the Drought Monitor, click here.
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According to the results of a new survey out from Morning Consult, the opioid crisis in rural American has struck farm and ranch families especially hard.
While just under half of rural Americans say they have been directly impacted by opioid abuse, 74 percent of farmers and farm workers say they have. Three in four farmers say it would be easy for someone in their community to access opioids illegally, and just under half of rural adults - 46 percent - say the same. The poll, sponsored by the American Farm Bureau Federation and National Farmers Union, is a first step in the groups' collaboration on this issue.
"We've known for some time that opioid addiction is a serious problem in farm country, but numbers like these are heartbreaking," AFBF President Zippy Duvall said. "Opioids have been too easy to come by and too easy to become addicted to. That's why we are urging everyone we know to talk to their friends, family, co-workers - anyone at all they know or suspect needs help. And because opioid addition is a disease, it's up to all of us to help people who suffer from it and help them find the treatment they need. Government cannot and will not fix this on its own. Rural communities are strong. The strengths of our towns can overcome this crisis."
In a release detailing some of the highlights in this survey, it is reported that 50 percent of farmers and farm workers say addiction to opioids is a disease, rather than a lack of willpower. A strong majority of rural Americans also believe that increasing public education surrounding resources and reducing the shame or stigma around opioid addiction, would be effective means for solving the opioid crisis.
For more highlights from the survey, click over to our website, for the complete story.
|OSU Research Shows Consumers' Preferences for Their Steaks is a Battle of 'Tradition' Versus 'New'
As cattle carcasses have increased in size - and along with it meat cut into steaks - most restaurants and grocery stores offer relatively fixed serving sizes, usually 6 ounces, 8 ounces, 12 ounces and 16 ounces.
"Most people don't want to eat a 32-ounce steak, with the consequence that steaks from today's larger beef cattle are often cut thinner than what was done traditionally," said former OSU professor Jayson Lusk, now head of Purdue University's department of agricultural economics, referring to a study he worked on while at Oklahoma State.
After posing a scientific question, Lusk asked: For a fixed weight, do consumers prefer traditional thicker steaks that take up a smaller area on one's plate or newer thinner steaks that take up a larger area? Presentation is everything, right?
Upon surveying more than 1,000 U.S. consumers, Lusk and then colleagues Derrell Peel and Josh Maples concluded that their study essentially implied consumer preference varies relative to steak size but is generally in unison in their dislike for the thinnest cuts of steaks.
"The aggregate welfare loss from the increase in carcass weight with respect to ribeye and sirloin steaks is $8.6 billion for the two largest classes," Lusk said. "That is significant."
To put that into perspective, U.S. Department of Agriculture data indicates average weights of commercially slaughtered cattle hovered around 1,000 pounds from the 1950s midway through the 1970s.
"Since 1975, there has been a steady increase in the size of beef cattle," said Peel. "Finished cattle weights have increased about nine pounds per year on average. In 2016, the average weight was 1,363 pounds, which is 366 pounds more than the average weight in 1975."
Continue reading this story on our website for more revelation this study presented about consumers and their beef preferences, by clicking here.
In a release posted this week, the National Farmers Union announced it would be keeping score of an upcoming vote in the Senate, regarding its version of the Tax Cuts and Jobs Act that recently passed in the House. NFU has come out in staunch opposition of the bill, arguing that is will provide tax cuts and breaks to corporations and wealthy Americans at an estimated cost of $1.5 trillion to the detriment of the nation.
NFU has condemned the House for its passage of the bill and is now urging Senators to vote 'no' when they are called to cast their vote.
In addition to contributing to the federal deficit, the NFU suggests that provisions included in the bill would negatively affect farmers, ranchers, rural communities, and middle-income Americans as detailed in their release, which suggests a laundry list of farm programs would be subject to a full sequester due to imposed budget constraints. It says too that at the end of the day, farmers and ranchers' bottom lines will be impacted as well.
In lieu of either the House or Senate tax plan, the NFU is urging Congress to pass a simplified, progressive tax code that it says should provide, "realistic solutions to our national deficit while protecting the programs on which our nation's farmers rely."
To read more about the NFU's position on the current tax plan soon to be voted on by the Senate, click or tap here.
If you have got questions about your beef checkoff- the Oklahoma Beef Council has lots of resources on their website
that can provide answers!
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!
This week on SUNUP - OSU Extension Grain Market Economist Dr. Kim Anderson
reports that the price of wheat has again turned lower since his appearance on last week's episode. In fact, both corn and wheat have set new contract lows.
Wheat had support at $4.30, but has worked its way down to $4.25. Anderson had previously warned that breaking its support line at $4.30 would open up the potentiality of dropping by as much as $0.20 before it hit another support level. But currently, he says it has come off that some and is just treading water for the moment. Nonetheless, Anderson admits he is a bit nervous about the future.
Still, the general consensus is that both commodities, corn and wheat, are at or near their bottom. Rather than just a seasonal reaction of some sort, Anderson believes the current movement being seen is all relevant to the overall trend in the markets.
Anderson says traders have mostly been selling into this market, rather than buying. The main thing right now, he insists though, is for profitability to return, the commodities must clear the market some first. And then, he says any chance of seeing a price increase will depend on the quality of product farmers deliver at harvest. He repeats again his message that given high test weight and protein levels, prices will indeed go up by $0.75 to a $1.00 more.
You can watch his 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
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|MU's David Patterson's Holistic Evaluation Strategy Helps Enhance Replacement Heifer Performance
During the recent American Angus Association Convention, Dr. David Patterson,
extension beef specialist and animal science professor at the University of Missouri spoke with producers about a replacement heifer program offered in Missouri. Beef producers there have been participating in the Show Me Select Replacement Female program for 20 years now, to improve production efficiency in their heifers, through the use of existing technology, coupled with a marketing component. He explained to me how the program works and how producers have continued to benefit from enrolling their heifers in it.
"Essentially, the idea is to focus heifers that are enrolled in the program on all the means of evaluating methods of heifer development to ensure that those heifers conceive early during their first breeding season and hopefully go on to really perform well as cows in production," Patterson said. "One thing that's important to heifer development is age of puberty."
According to Patterson, there is a wide range or diversity in the age of puberty among the different breeds or biological types of cattle. He says that consideration must be taken into account, relative to these types of development programs. He says that producers interested in enrolling their cattle in such a program must take several steps. First, he says, herd health protocols must be established on your operation to ensure long-term reproductive health. Second, focus on nutritional development to allow cattle to meet their full genetic potential. Then, a pre-breeding evaluation is conducted four to six weeks prior to the heifer's first breeding season.
"That includes weight of the heifer, a reproductive tract score (an assessment of pubertal status) and a pelvic examine. This helps producers understand perhaps how good a job they've done developing their heifers, or in some cases, how some things may have slipped through the cracks," he said. "Any producer can use the steps we utilize in our program."
Listen to Patterson and I discuss this program in detail and how you can start your own version, on yesterday's Beef Buzz - click here.
The organizers of the Oklahoma Independent Stockgrowers Association will host a business meeting and social for the group a week from today on Friday, December 8th.
R-CALF USA CEO Bill Bullard will be in attendance as a guest speaker to address members on global issues facing the American Cattle Producers
OISA, an R-CALF USA state affiliate organization, shares many of the same concerns as its national counterpart regarding the trending policies being developed within the livestock industry.
"Our state group will work to address market manipulations, bring back mandatory country of origin labeling (COOL), reverse the Grain Inspection, Packers and Stockyards Administration's (GIPSA) rules withdrawal and push for the renegotiation of the North American Free Trade Agreement (NAFTA)," said OISA founder Brad Hutchison.
During his visit, Bullard will address these issues and others, including The Global Roundtable for Sustainable Beef or GRSB. Bullard and his followers allege the GRSB is an initiative orchestrated by extreme environmentalists, corporate giants, and global meatpackers who've determined that ranchers are responsible for climate change. Bullard contends the GRSB is driving regulations down to the producer which they are unable to comply with - under the guise of what the GRSB calls 'sustainability.'
For more information about the meeting coming up next week or about the organization itself, click here.
|On Saturday- Oklahoma Select Bull Sale & Super Bull Competition in Atoka- and AFR's State Speech Finals in Stillwater
Coming TOMORROW- it's the 36th Annual Oklahoma SELECT Bull Sale and Super Bull Competition.
The sale is set for 12 Noon at the Atoka Livestock Auction in Atoka, Oklahoma.
There will be 100 Breeding Age Bulls- Limousin and Lim-Flex to be offered.
Complete performance data available in catalog on all bulls. BW, WW, YW and EPDs for 13 economically important traits. All bulls are fertility tested and trich tested. Many bulls will have ultrasound carcass.
Click here for more information about the day's activities and links to the catalog and more.
The 73rd Annual AFR State Speech Contest is ready for the grand finale on Saturday in Stillwater- the Finals that brings the top youth from four different age divisions speaking in four different categories- the top speakers out of five District Contests.
There's a new category that students have been speaking in this year called Ag Advocacy in which students may speak on laws, regulations or legislation for any current agricultural issue. Participants may also choose any topic that deals with consumer awareness, literacy and advocacy programs, social media, food security, trade, climate change, animal rights/animal welfare, etc.
The top three winners in the state finals in each category will be receiving scholarship cash.
For more details- click or tap here for the AFR webpage dedicated to the contest
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