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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.
Superior Livestock held their final auction of the year last Thursday- Cattle producers offered 16,000 head of calves, yearlings and breeding stock from 21 states- with prices under pressure- click here to review their complete report from December 14th
FedCattleExchange.com has a total of 466 cattle on their showlist for the Wednesday, December 20th sale of finished cattle - details will be available after noon today by clicking here.
The final Monday sale for 2017 was held yesterday at the Oklahoma National Stockyards- 6,200 were on hand to sell- Yearlings were unevenly steady while demand was good for heavier weaned steer calves- click here for the USDA report.
Joplin Regional also had their final Monday sale of the year- Steady to lower on both steer calves and yearlings- click here for their report from USDA Market News.
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
Tuesday, December 19, 2017
All American Beef Battalion Receives $59K in Donations at OKC National
Stockyard's 8th Annual Charity Auction
The Oklahoma City National Stockyards hosted its final sale of the year, Monday, during which the commission companies at the stockyards invited participants to bid on a donated calf - over and over and over... to benefit the All American Beef Battalion.
This marks the eighth year the stockyards has done this to raise money for the organization created by Vietnam veteran, Bill Broadie. Along with an army of volunteers, Broadie has made it his mission to make sure soldiers returning home from combat are received with a warm welcome and a steak dinner.
Over the last seven years, this annual fundraiser has generated approximately $319,000. This year, an additional $59,000 was added to the pot. Altogether, to date, this organization has fed a reported 368,000 service men and women and their families.
"It's very humbling, because I walked in their shoes fifty years ago," Broadie said to me during the auction. "The world situation like it is - we're going to keep deploying troops and as long as we can buy the steaks, we're going to keep doing it."
If you were unable to attend the auction yesterday, but would still like to show your support, you can always make a private donation to the cause, at www.steaksfortroops.com.
to read the original webstory and hear my full conversation with Broadie during yesterday's sale.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
|Give the Tax Reform Conference Report a B-If You Are Grading On Its Value to Farmers and Ranchers
Republicans are on the brink of sending President Donald Trump their first bona fide legislative accomplishment, as both chambers of Congress prepare to pass tax reform later today.
The House of Representatives is expected to clear the Tax Cuts and Jobs Act conference report on Tuesday afternoon. While top Republicans say they expect the bill to easily pass, a familiar class of 13 moderates who opposed tax reform in the House the first time around are expected to remain opposed.
Once the lower chamber approves the measure, the Senate is expected to quickly follow suit. If the legislation survives any potential Democratic procedural challenges in the upper chamber, the president could sign the bill as early as Wednesday.
While the GOP is singing the praises of the bill- and the Democrats are predicting the end of civilization if it becomes law- the reality for agriculture is somewhere in the middle. At least, that's the opinion of Danielle Beck of the NCBA- who we are featuring in the Beef Buzz that is airing this morning on the Radio Oklahoma Ag Network- and that we will be detailing in tomorrow morning's email.
Beck told a Cattle Industry Webinar last night that while the bill is good for many in ag- it's hard to call it great. She points to the increase in the exemption for the Estate Tax as a positive- but laments the face that the doubling of the exemption goes away in eight years unless Congress addresses that in next few years. She also says farmers will be pleased that "Stepped Up Basis" is a part of the deal- in all, she gives the measure a "B."
One thing is certain- it will make having a good tax accountant even more important as he or she weighs how you can take advantage of the ins and outs of Section 179, Interest Deductions and a lot more.
The goal talked about often was to simplify the tax code- in that the measure is an abject failure- but that is not surprising as we love to point out others who game the system- but we SCREAM when someone wants to take a perk away from us.
Stay tuned- this measure will be used as a major campaign talking point by both parties in 2018- so I hope you are not tired of listening to rhetoric from both sides- it will be heard for quite some time to come.
While OSU's Dr. Derrell Peel says domestic beef consumption seems to be on the rise, he notes that it is not necessarily because of an increase in the demand for beef. In fact, he writes that the increased consumption is actually due to increased production. This is of course, even after all the nuances of this measurement are taken into account, such as the rate of exportation, adjustments to ending stocks and slow but incremental growth in the US population.
All this considered, Peel explains that "Increased beef consumption does not, by itself, indicate anything about beef demand." The question of beef demand, instead, hinges on the question of "at what price will consumers eat this additional beef?" In general, Peel says it is expected that increasing supplies will eventually result in lower prices. How much lower, though, is the key.
"Demand has been a pleasant surprise in 2017. Retail beef prices are currently higher than last year despite the increase in beef supplies in 2017. Beef demand is all the more impressive given that total meat supplies are higher year over year, not only the result of more beef, but also increased pork and poultry production. November retail Choice beef prices were $5.81/lb., up from 5.76/lb. in October and above that same level of $5.76/lb. one year ago. The all-fresh retail beef price was $5.64/lb. in November, up from $5.62/lb. in October and above the November, 2016 price of $5.59/lb. The ratio of retail beef prices relative to pork and poultry remains very strong, holding near to record levels achieved during the record high prices in 2015. The calculated beef demand index, which accounts for pork and poultry impacts as well as increased beef production, showed a slight increase for the third quarter of 2017.
"Retail beef prices are expected to decrease in 2018 given additional beef supplies. This will put additional pressure on wholesale beef prices as well as fed and feeder cattle prices. However, if demand continues strong, the retail price pressure may be rather modest with less negative impact on wholesale beef and cattle markets. Strong demand will depend on a continuation of generally strong macroeconomic conditions including decreased unemployment and income growth. Any change in overall macroeconomic conditions is a threat and factors to watch include rising interest rates and inflationary pressures. Shocks external to the beef industry, for example, a sudden jump in gasoline prices, could sharply impact consumer spending and beef demand."
For more details on Peel's analysis of the dynamics between consumption and demand at play in current beef market, read his complete article from this week's Cow/Calf Corner newsletter, by clicking here.
According to a new report by CoBank, U.S. egg markets are returning to more normal production growth, producer profitability and specialty egg premiums after a 2015 outbreak of avian flu caused egg prices to climb and incentivized egg producers to boost output. Just as hundreds of major food companies pledged to use cage-free eggs, this scenario began to unfold with egg prices slipping into a freefall.
Since then, CoBank Economist Trevor Amen reports that cage-free production has surged amidst a surplus of inexpensive, conventionally produced eggs.
This oversupply has depressed demand for higher priced cage-free eggs, a condition that's expected to last for the next several months as the conventional supply draws down.
Meanwhile, total table egg production is expected to return to historical growth patterns as low egg prices encourage producers to pare back production and profitability returns to normal levels.
CoBank's report suggests that if the industry were to attempt to supply the food company pledges, it would take nearly three quarters of the entire layer flock, and would cost approximately $10 billion to fully make the transition to meet the cage-free criteria. The current overabundance of conventional eggs makes this investment difficult in the near term.
The rebalancing of the market will allow the cage-free transition to be driven by fundamental consumer demand rather than pledges made by retailers and food manufacturers, Amen said.
Click here to read more about this report on our website.
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
|NCBA Environmental Guru Scott Yager Exposes the Courts Fallacy of Including Ag Under Superfund
, chief environmental counsel for National Cattlemen's Beef Association, explained yesterday on our Beef Buzz segment, that the US court systems have imposed a regulation on farms and ranches, bringing them under what is known as the Superfund, or CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) and EPCRA (Emergency Planning and Community Right-to-Know Act). This statute, intended to increase transparency now requires producers to report manure emissions. Yager says this action was pushed and encouraged by environmental activist groups and now NCBA is attempting to block this effort. He adds that many government agencies are even backing NCBA's argument.
"We're now having agricultural producers face liability for having to report manure emissions under the statute," Yager said. "The Coast Guard even came out in a public declaration and said having all these agricultural producers report to them is actually hurtful to their efforts to protect the public from actual emergencies - like an overturned tanker filled with chemicals or a plant explosion. That's the stuff CERCLA is supposed to provide emergency response for, not farmers."
Yager adds that even local emergency responders, police and firefighters, have taken NCBA's side. So, now that the courts have made their decision, it is unlikely they will back up on it, although they have at least delayed implementation until later next year in 2018. Originally, it was supposed to go into effect today, December 18, 2017. Yager says with this being the case it will likely take an act of Congress to reverse the decision. He says Congressman Billy Long from Missouri has been a champion of this effort and has found a short-term solution, blocking this action through the appropriations process. But, long-term, it will take more than that to keep the inevitable from happening.
"It goes back to who's driving this thing," Yager said. "It's these environmental advocacy groups that litigated this. Those are the only guys that want this stuff and actually it's going to hurt our government's ability to respond to true emergencies.
Listen to Yager and I examine this problematic issue and what is being done to find long-term fixes to it, on yesterday's Beef Buzz - click here.
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This week, the Oklahoma Department of Agriculture honored Nikki Schuth-Mitchell of Durant, Okla. naming her a Significant Woman in Oklahoma Agriculture.
Mitchell was very active in her County 4-H and the Durant FFA Chapter, serving as a Bryan County 4-H Teen Leader for five years, and earned her State and America FFA Degrees. In 2009, Mitchell was inducted into the Bryan County 4-H Hall of Fame.
After graduating from Durant High School, Mitchell went on to Oklahoma State University where she enrolled as a double major in Agricultural Education and Animal Science.
Before graduating, she also spent some time exploring international agriculture in London. During her four months abroad, she worked with a non-profit called Urban Orchard, which focused on revitalizing community gardens and orchards.
Shortly after returning home from London, Mitchell was brought on as the first Tribal Extension Agent for the Choctaw Nation's Agriculture Outreach program. She works closely with OSU Extension, USDA and other agricultural organizations to bring resources to the producers and community members within the 10 ½ counties of the Choctaw Nation.
In addition to producer assistance, Mitchell also gets the opportunity to work with over 2,000 students in 26 different schools and incorporate curriculum from the Ag in the Classroom program.
When she finishes her work as an extension agent, she goes to her family farm where she helps take care of 200 Hampshire ewes on 240 acres.
Read more about our latest Significant Woman in Oklahoma Agriculture as profiled by the Oklahoma Department of Ag by clicking or tapping here.
Oklahoma Hog Hunter Urges Respect for Landowners
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