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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
Carson Horn, Associate Farm Director and Editor
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Oklahoma's Latest Farm and Ranch News
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Friday, December 15, 2017
Kim Anderson Says Eyes of the Wheat World on the Upcoming US Crop and Focused on Quality
This week on SUNUP - OSU's Dr. Kim Anderson joins host Lyndall Stout again talking wheat and feed grain production this year and what effects it will have on prices this coming harvest season.
Anderson begins offering some good news for wheat producers with claims that prices are likely at their bottom. The odds of them going any lower are unlikely, he says, leaving only up or sideways for them to go.
And given a lack of protein in the marketplace currently, Anderson says wheat growers have added incentive to produce a quality crop. Right now, Kansas City is offering a $2.25 premium for high protein wheat. Add this to current prices and you have a total price of nearly $5.00 a bushel, which is at least at or near breakeven.
Weather remains a concern though as drought continues to spread across Oklahoma and the Plains. Anderson says hopefully the rain needed will arrive by this spring when he says a crop is made.
If not, though, he says we are likely to see farmers react by rolling those acres into summer crops. Doing so will perhaps improve wheat prices some, but likely negatively impact summer crop prices that would be subject to higher production and therefor lower prices. Still, it will probably take several years before current wheat stocks are worked through the system. As a result, Anderson says producers shouldn't expect prices to improve dramatically until that happens.
You can watch their visit tomorrow or Sunday on SUNUP - or you can hear Kim's comments right now and find out what else is on the line up for this week's episode by clicking here
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|New Acquisitions Allow National Livestock to Better Serve Customers and Offer More Marketing Options
In recent years, National Livestock has been growing its business around Oklahoma and beyond in an effort to better serve their customers. The company's Chief Executive Officer Robert York
and I sat down this week to discuss the many marketing options National Livestock has to offer cattle producers along with its many other financial services as well.
National Livestock has been helping producers market their cattle in Oklahoma City since 1932. In the early 2000s, though, the company expanded its reach across the state, purchasing the Southern Oklahoma Livestock Market in Ada. One of their latest purchases that has increased their national exposure, however, was the acquisition of Superior Livestock Auction.
"That was a really great addition to the family," York said about the 2013 transaction. "We've been introduced to the video marketing side of things now and have gotten exposure across the country with various producers. It's added a really great tool to what our customers were already using here as a source to sell their cattle."
More recently in 2015, though, York says the company also purchased OKC West Livestock in El Reno, recognizing the growth potential of that market. He says, too, that as banks have further distanced themselves from ag lending, that has also been a boon to National Livestock's credit and banking arm. York also reports that the business' commission association remains stronger than ever as one of the largest firms in Oklahoma City. While cattle markets surprised most in the industry this year, working with black ink when red was expected - York says National Livestock has been there to help producers through the easy and the hard times. York hopes to continue to provide customers with the best possible service and tools to accomplish their goals.
"I guess my though is - our customers have choices," he said. "And, we want our customers to have choices. That's part of what America is about - choices. But, I'd like to be as included in as many of those choices as we could be."
Listen to York and I discuss the many ways in which National Livestock has and continues to serve producers' marketing and lending needs, on yesterday's Beef Buzz - click here
Following the US Wheat Associates' example yesterday, National Cotton Council Chairman Ronnie Lee thanked US Trade Representative Robert Lighthizer for his support of US farmers at the World Trade Organization's 11th Ministerial Conference held this week in Buenos Aires, Argentina.
Lee, a Georgia cotton producer, said, "We appreciate Ambassador Lighthizer and his team of negotiators from USTR and USDA for their efforts and their insistence that the WTO remain focused on the long-term goal of a balanced outcome that will expand trade. This was especially important for cotton, as some WTO members continue to call for concessions above and beyond the reforms we have already made, without anything in return."
Lee noted that through the semi-annual dedicated discussions established by the WTO in December 2013, cotton is the only agricultural commodity with an explicit mechanism that allows for the evaluation of domestic support, export subsidies and market access.
As explained in a press release by USW earlier this week, the types of price supports in question, can be very distorting to trade - a clear violation of rules outlined by the WTO and the spirit of trade liberalization that the organization is supposed to represent.
Click here to see the original statement by the National Cotton Council released yesterday.
|ICYMI - Today is the FINAL Day to Get Early Bird Discount for No-Till on the Plains Winter Conference
Don't wait any longer! Today is the last day to register for the No-Till on the Plains Winter Conference and still take advantage of the early bird registration. Currently the price to attend is $275, but after today the cost of registering will go up. Special discounted packaged rates are also available for those who wish to attend multiple events happening before, during and after the conference.
In case you missed it - our Associate Farm Director Carson Horn spoke recently with No-Till on the Plains Executive Director Steve Swaffer about this upcoming conference and all it has to offer this year.
Bringing soil health experts and practitioners from across the globe together, this conference promotes and educates attendees on the many benefits that no-till and conservation practices offer producers and the environment.
This year's speaker lineup features the world-renowned holistic manager and educator, Alan Savory, known for research on the cause of degradation and desertification of the world's grassland ecosystems. In addition, Oklahoma's own Jimmy Emmons, a producer from Leedey, Okla., will talk about his operation and the soil health practices he has implemented on his farm. Plus, attendees will have the opportunity to participate in 45 different breakout sessions covering a variety of hot topics.
This year, the conference has moved from its long-time location in Salina, Kan. to Wichita. The event kicks off with a Beginners Workshop on January 29th, then the conference January 30-31st, and ends with the Agriculture's Innovative Minds (AIM) Symposium on February 1st for advanced conservationists.
Don't delay, you won't want to miss out on your chance to attend. Click here to get registered, or to find out more information about the conference and to listen to Swaffer talk more in-depth about the conference details, click 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!
The legality of the Trump USDA's action to rescind the so called "Farmer Fair Practices Rule," commonly referred to as the GIPSA rule, left behind by the previous administration, was called into question by Democracy Forward acting on a pro bono basis on behalf of a group of independent farmers and the Organization for Competitive Markets.
The prosecuting group alleges that the GIPSA rule, was intended to shield family farmers and ranchers from predatory and retaliatory practices by big agribusiness corporations. Claiming the action taken by Secretary of Agriculture Perdue to rollback this regulation was illegal, the groups are suing to get the measure reinstated. They believe the rescission of this rule exposes livestock producers to potential abuse at the hands of packers and large agricultural companies and even forcible removal from the market.
"President Trump's unlawful rollback of a years-long negotiated rule aimed at protecting local farmers and ranchers is indefensible," said Democracy Forward Executive Director Anne Harkavy. "We know from decades of evidence that massive agribusiness companies don't hesitate to use their power to abuse these farmers and the Farmer Fair Practices Rule was a crucial step to restoring fairness in the market. It should be restored either by USDA, or by the court."
The suit, which is in the form of a petition for review, was filed in the U.S. Court of Appeals for the Eighth Circuit. To read more about this pending lawsuit, related comments and to view the petition for yourself, click here.
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|ICYMI - Fundraiser for All American Beef Battalion Set for Monday at Oklahoma National Stockyards in OKC
This December will mark the eighth year that the good folks at National Livestock have supported the efforts of the All American Beef Battalion, a charitable organization that offers soldiers returning home from combat missions a warm welcome and a steak dinner.
This group is spearheaded by Bill Broadie, a veteran himself who sadly knows what it's like to return home and not receive the welcome a hero that fights for our country deserves. Like the last seven years, National Livestock will auction off a calf donated by the Runyan Family of Mill Creek, Okla. The calf will be auctioned as many times as necessary to make sure all the generous donations are collected.
"Many organizations and individuals have joined together for this worthy cause each year. The efforts of many have made this successful and we thank all our partners and friends for their help," remarked Robert York, National Livestock CEO. "The cattle community is like none that I've ever seen. People are more than willing to give a little bit of a thank you - and I am blown away by the support we've had."
This inspiring event has become somewhat of a tradition now, held on the last sale day of the year at the Oklahoma National Stockyards in Oklahoma City. The charity auction will begin at approximately 11:00 a.m. this coming Monday, December 18th. York invites anyone who wishes to participate and support our soldiers, to come down and I strongly encourage it as well.
If you are unable to attend but would still like to donate, call National Livestock's offices and ask for Debbie at 800-310-0220 or visit the AABB's website and donate with PayPal. Click here to read more and listen to York speak about this upcoming event.
In a recent feature article, published by the folks at Certified Angus Beef, it is suggested that if cattlemen want to know what their target ought to be, they should start by asking their buyer.
Kevin Hueser, senior vice president, Tyson Fresh Meats, stepped up to offer a few ideas based on his experience as a packer and what he looks for on a daily basis.
"We're always looking for high-quality grading cattle that the consumer ultimately will have a greater experience in their eating pleasure," said Hueser. "So, we tend to try to focus on Choice and higher, lean carcasses. Yield Grade 3 Choice and higher is our preferred. Obviously, the more upper two-thirds (Choice) and the more Prime that we can harvest, the more quality we're able to offer our customer."
CAB asked Hueser to address a question often posed by skeptics who wonder if premiums will ever stop being paid on such cattle, if too many of them are produced.
"Well, we haven't had that problem yet and that we're consistently trying to find more high-quality product," Hueser rebutted. "The premiums have actually gotten wider, not narrower because consumers and our customers, ultimately, require and request more sorting and more quality standards that are maybe not always identical to each other's. But always pushing the envelope to provide a better eating experience than their competitor down the street."
The beef community is delivering on expectations far more often than in years past, according to CAB. Prime grading continues to improve, and national averages for percent Choice climb.
"We're putting a better product in front of the consumer and hopefully," he said, "we're going to be generating more demand across, not only the country but internationally as well."
Continue reading the original article by CAB or watch a short video featuring Kevin Hueser, senior vice president at Tyson Fresh Meats, talk about the kind of cattle he wants to find more of, and why producing them is good for everybody, by clicking here.
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