Subject: Oklahoma's Farm News Update
From: Ron Hays <ronphays@cox.net>
Date: 12/14/2017 5:14 AM
To: ron@ronhays.com



 
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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!  
Marketlinks


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.
 


Superior Livestock kicks off their final regular  Video Auction of 2017 at 8 AM this morning- offering 16,000 head today on DISH Channel 232 and on SuperiorClickToBid- Click here for info.
   
Finished cattle prices 
were untested this Wednesday
 on FedCattleExchange.com - 704 cattle were offered while
 only 65 were actually sold. Click here to see their complete market results.
 
 
OKC West reported feeder steers and heifers selling 3.00 - 5.00 lower Wednesday, 
compared to a week ago - click or tap here for a look at the December 13th 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 futuresclick or tap here for the report posted yesterday afternoon around 3:30 PM.
 
  
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Wednesday, December 13th.
  
  
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
  
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
  
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
  
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
  


  
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
   Thursday, December 14, 2017

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 








Featured Story:

U.S. Wheat Associates publicly thanked U.S. Trade Representative Robert Lighthizer for his work defending U.S. agriculture against attempts to weaken the World Trade Organization rules on domestic support in agriculture.
 
 
The Wheat Associates organization says the Buenos Aires WTO Ministerial Conference would be a failure and the mission of the WTO to advance trade would be negatively affected through a proposed permanent exemption for market price supports for certain major ag producers.
 
 
India and other countries have tried to create an ongoing loophole for certain types of price support programs that are associated with state-run stockpiling programs. Those types of price supports can be very distorting to trade, which violates WTO rules and the spirit of trade liberalization that the organization is supposed to represent.
 
 
Domestic support programs are what the U.S. calls a "non-starter" without market access liberalization. U.S. Wheat Associates wants to make clear it doesn't object to countries holding public stocks for food security, which is critical for all countries. Public stockholding has always been an option in the Agreement on Agriculture's "Green Box" of non-trade distorting support.
 
 
Click here for the full statement released by US Wheat, yesterday.

Sponsor Spotlight


The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans."  Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected.  

Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau. 


Our own Carson Horn joined American Farmers & Ranchers this past week at their second annual Rural to Urban Outreach Reception at the Tulsa State Fair. During the event he spoke with our state's House Minority Leader Steve Kouplen, a longtime rancher and agricultural advocate from Beggs and past president of Oklahoma Farm Bureau. Kouplen offered an insider's perspective into several pressing issues facing rural Oklahomans currently, including the upcoming special session.


Unfortunately, due to limited communication with state leaders, Kouplen is just as much in the dark about what will come form the special session as the rest of us. The only thing he could say about it was that it is set to begin Monday, December 18th.


Whether any more will be accomplished than what has already been done this year, remains to be seen. But Kouplen says he will adamantly pursue action to help alleviate our state's budget crisis. He backs proposed solutions such as expiring the Gross Production tax incentive and leaning more heavily on high earners to generate tax revenue.


"We have reached an acute situation where we need the revenue now," he said, explaining why more immediate measures need to be taken to quickly gain revenue rather than focusing on strategies that take affect gradually over the long term.


In the meantime, though, rural Oklahomans are dealing with a growing list of concerns (like a suggested fuel tax and shrinking rural healthcare) as the ag economy continues to suffer from the trickle down effects of low commodity prices. Kouplen says now more than ever, the rural community must work in tandem with its urban neighbors to ensure their needs are met, so they can continue to produce for urban consumers.


"We're seeing more and more urban legislators elected and less and less rural legislators. So, we're not really a rural legislature anymore," concluded Kouplen. "It's extremely important we keep in touch with our counterparts and explain to them the issues we face out in rural Oklahoma to produce that food and fiber they enjoy."


Listen to Kouplen and Horn talk more about these issues and why our state leaders should work to build cooperation among our rural and urban communities, by clicking or tapping here.

Over the years, OSU Extension Livestock Market Economist Dr. Derrell Peel has spent a lot of time in Mexico, learning about the cattle industry of that country. He was back there this year meeting with industry leaders and this week offered our listeners an update on the current situation in Mexico's beef markets. Historically, Mexico's cattle markets were largely dependent on our US market demand. But Peel says that is starting to change as Mexico's industry continues to develop.


"This particular trip had a specific focus on a bi-national conference on agricultural extension - to really work to try to jumpstart or restart extension programming in Mexico that has been interrupted in recent years," Peel said, reporting on this year's progress. "They had a pretty good summer wet season. Pasture conditions were pretty good, though it turned sharply drier towards the end of the rainy season. But in general, from a s cattle industry perspective, producers report that forage conditions and markets have been pretty good."


Obviously, US markets have continued to attract cattle north, Peel says, but domestically Mexico is seeing increased demand as its cattle feeding sector grows. This domestic growth has allowed Mexican producers more marketing alternatives to take advantage of for their cattle, especially in the northern region. This of course provides more potential dynamics to appear in the markets, which have in the past been almost exclusively dominated by US feeders. Peel says feeders in the US will now have to compete for cattle supplies from Mexico as they become available. Naturally, this will impact prices here at home into the future.


"Depending on what happens in US markets, we may see at least some modest weakening of prices in the US and if that happens it would be easy for those numbers from Mexico to actually back off just a little bit in 2018," he said. "I don't know that I expect them to change that much but it will be kind of a close balance. So, I think they'll be fairly sensitive to price levels in the US certainly relative to their domestic markets in Mexico."


Listen to Peel and I discuss the changing market dynamics between Mexico and the US, on yesterday's Beef Buzz - click here.


Have you been considering purchasing land lately? Well, before you do there are several factors you might want to think about to ensure you are getting the most favorable terms and completely understand what you are actually buying. Senior Agricultural Economist at the Noble Research Institute Dan Childs put together a short list of some of the things to keep in mind if you find yourself in this situation in the future.
 
 
First off, Childs points out a lot of the easy to miss details that are frequently overlooked in land trades. The things a buyer should basically check the following items off their list to make sure the seller's information of the land is completely accurate. Childs recommends getting the land surveyed to know exactly how many acres you're buying and the legal parameters of that land. Next, enquire about mineral rights and who those belong to after the transaction is complete. If a crop is growing when the land is purchased, which party is responsible for its harvest and who keeps the proceeds? Enquire about any existing liens, leases or easements associated with the property.
 
 
If the land in question has any depreciable assets, Childs says the buyer may want to allocate a portion of the purchase price to a particular asset that is eligible to depreciate such as fences, pecan trees or barns. The basis for depreciation for these assets is determined by this initial allocation. Any assets the buyer chooses to depreciate must start in the purchase year. Otherwise, it will require an amended return to be filed if the buyer did not list a particular asset on the depreciation schedule in the purchase year and chooses to do so at a later date.
 
 
Finally, it should be determined and completely understood who pays what at Closing. There are a variety of costs generally expected to be paid at closing, such as: document filing fees, attorney fees, realty fees, revenue stamps, lender fees and maybe even liens paid. Who pays the property taxes for the purchase year should also have been discussed. If it was agreed that the seller pays a pro rata share, then it is often paid at closing. If these items are previously discussed and agreed to, it reduces the possibility of any surprises.
 
 
For more of Childs' advice and suggestions on what considerations to make during a land transaction, click over to our website to see the full story.

Sponsor Spotlight

 
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry.  With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
 
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
 
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website. For more information- call 405-235-4391.

SelkHow Much Hay Do I Need to Get Through Winter? Glenn Selk Helps Producers Tackle This Frequently Asked Question

Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist is helping producers this week
determine just how much hay they will need to feed their cattle through the winter.


"Calculating the amount of hay that is needed on both a short term and over the course of an entire winter are mathematical exercises that are required on any cow calf enterprise. There are scientifically based 'rules-of-thumb' that can make these mathematical exercises more precise. The size of the cow, the lactation status of the cow, and the quality of the forage are key elements in determining the average daily intake of the cow. Standing forage in pastures or as crop residue can provide much of the forage needs early in the winter and when not covered by snow. As standing pasture forages diminish in both quality and quantity during the course of the winter months and most of the forage consumption comes from stored hay, then how much hay will the cow eat voluntarily? How much hay do I need to plan to feed this winter? How much hay do I need to put out for the next few days?"


You can find out exactly how Selk goes about answering these questions and making the necessary calculations, as he explains in full, in his article included in this week's Cow/Calf Corner newsletter. Click here to read this week's column.
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 to subscribe to his daily update of top Energy News.

 



It was announced in recent days that long time agricultural advocate and public servant Gary Sherrer, will be retiring later this month. Since 2005, Sherrer has served as assistant vice president of external affairs for OSU's Division of Agricultural Sciences and Natural Resources, working on behalf of the College of Agriculture and the university's two state agencies administered by DASNR: the Oklahoma Cooperative Extension Service and the statewide Oklahoma Agricultural Experiment Station system. For decades, though, Sherrer has used his influence to the benefit of Oklahomans in various capacities serving the public.
 
Gary is one of those guys who has always been a delight to be around- and has been one of my encouragers- offering up a "How are Ya" email from time to time- offering a much needed dose of appreciation that always seems to arrive on days when it is needed the most.  I suspect that he has been that type of a person for a lot of us. 
 
Gary has built an impressive resume over the years, serving as the state's first secretary of agriculture and sixth secretary of the environment.
 
Sherrer served as a state representative from 1981 to 1988, and was so highly regarded that he drew no opponent in either 1982 or 1984. He won reelection in 1986 with more than 85 percent of the votes cast in District 19.
 
 
As DASNR assistant vice president for external affairs, a significant part of Sherrer's duties has been to promote awareness of issues facing Oklahoma on which division scientists and educators are working.
 
 
Tom Coon, OSU vice president for agricultural programs, said he feels "fortunate to have learned Oklahoma politics from Gary, and more important, to have learned Oklahoma civility and respect from him. His dedication to public service is a model that inspires me and many others."
 
 
Click here to read OSU's complete profile of Sherrer, detailing his storied career through his and his colleagues' own reflections.


Thanks Gary for your love of Oklahoma Agriculture, OSU DASNR and for your friendship!!!
HouseAgHouse Ag Committee Sets Up Cyber Landing Spot for All Things Farm Bill- and Release Video to Boot


As the House Ag Committee and its Chair, Mike Conaway of Texas, gets ready to ramp up work on the 2018 Farm Bill, Conaway is launching a new online resource for farm bill information. Interested parties can access the information through the Committee√Ę€™s website 

The landing page is designed to provide updates and act as a storehouse for information relating to the 2018 Farm Bill. 

In coordination with the House Agriculture Committee's launch of a new landing page, the committee also released "This is the Farm Bill," the first in a series of videos promoting the farm bill. Here tis for you to check out:




Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & RanchersOklahoma Beef Council, Livestock Exchange at the Oklahoma National StockyardsOklahoma 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 also appreciate our Market Links Sponsor - OKC West Livestock!
 
 
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:  
 
phone: 405-473-6144
 

 



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