|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 Ron Hays on RON.
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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 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, January 2, 2018
HAPPY New Year!!!!!!!
Happy New Year- The Ag Scene Gears Up For a Busy 2018!
On this Tuesday morning- the 2017 Holiday season is now behind us- and we begin learning to write 2018 in the days ahead.
The Ag Futures Trade kicks off the new year at 6 AM central time- and one of the first auction barns that will be selling cattle in 2018 is the Joplin Regional Stockyards- they normally run on Mondays with their feeder cattle sale but have elected to have a feeder sale this week on Tuesday.
Meanwhile- word has come from OKC West that they will have their first sale of the year tomorrow- USDA Market News reporting "The OKC West Livestock Auction has decided to cancel it's calf sale for Tuesday January 02, 2018. They are combining the calf sale with the feeder cattle sale on Wednesday January 3, 2018."
Check our calendar
for some of the first events of the year- including the Beltwide Cotton Conference that begins tomorrow and the American Farm Bureau convention that cranks up at the end of the week in Nashville.
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.
|Brandi Herndon- Honored as a Significant Woman in Oklahoma Agriculture
The first Significant Woman in Oklahoma Ag that we get to share with you here in our email for 2018 is Brandi Herndon. When she worked her first Tulsa State Fair as a livestock entry coordinator, a coworker told her she would either love it or hate it.
Fifteen years later, she's still working for the Tulsa Expo Square, now as the agribusiness manager.
After graduating from Oklahoma State University with a degree in agricultural business, Herndon found the job opening for the position.
"I was like, 'You know what? That sounds really fun. I think that'd be a really fun job to have until I figure out what I want to do with my life,'" she said.
Now considered her dream job, Herndon said she had no idea at the time that it would lead to a career.
"I feel very fortunate," she said. "There's not a lot of people that can go to work and say, 'Wow, I love getting up and going to work every day.'"
Click or tap here
to jump over to our website and read the complete feature on the well deserving Agribusiness Manager for the Tulsa State Fair- Brandi Herndon.
|Arkansas Plant Board to Review New Dicamba Regulations
The Arkansas Plant Board is scheduled to meet on January third, in order to consider possible revisions to previous proposed regulatory changes regarding dicamba application. The Administrative Rules and Regulations Subcommittee of the Arkansas Legislative Council requested the meeting. They'll discuss potential revisions to the proposed changes during a pesticide committee meeting that day and then a full board meeting will start after that.
The state's Plant Board voted on November 8 to approve changes to the state regulations on dicamba application, including no dicamba application from April 16 through October 31. The subcommittee then met in December and voted to hold the proposed rule and recommended that the Plant Board consider possible revisions based on a number of factors. They want the board to consider possible changes based on scientific-based evidence, a dividing line to create north and south zones, as well as ambient temperature and humidity applicable to temperature inversion during nighttime hours.
The Rules and Regulations Subcommittee will meet on January 16 to consider the outcome of the meeting with the Plant Board.
Arkansas was considered "ground zero" in 2017 when it came to the amount of damage due to Dicamba Drift- in all over twenty states had reports of drift problems and over three million acres of soybeans were impacted.
|Sentencing for Melissa Morton Coming This Thursday After She Admitted Guilt in Beef Council Embezzlement Back in mid 2017
It seems like it has been forever since Melissa Morton appeared in federal court and plead guilty to embezzlement of funds she was responsible for at the Oklahoma Beef Council.
In fact- it was just over seven months ago when that happened on May 24th- click here for our coverage of that aspect of this long and drawn out saga of $2.6 million dollars being stolen by Morton.
It had been suggested that we might have sentencing by around Labor Day- but it has now stretched into the first days of 2018.
It's our understanding that the sentencing is now set for this Thursday afternoon- January 4th at the Federal Court House in Oklahoma City.
The Oklahoma Beef Council already has a civil judgement against Morton- and a few weeks back- announced legal action they are taking against an accounting firm that audited the Beef Council books even as Morton was stealing money. According to our report that we posted December 11th- the Oklahoma Beef Council "filed a lawsuit today in the District Court of Oklahoma County against Edmond-based accounting firm Arledge & Associates, P.C. The lawsuit relates to the embezzlement of OBC funds by one of its former employees, Melissa Morton. OBC's management discovered the embezzlement in July 2016, and Melissa Morton pled guilty to charges arising from it in May 2017. Her sentencing date is currently set for December 28, 2017.
"The lawsuit alleges that Arledge was the accounting firm engaged to perform audits of OBC for fiscal years 2012-2015, and for each audited year, Arledge issued clean, unqualified opinions that the financial statements presented fairly, in all material respects, the financial position of OBC. The lawsuit further alleges that after a thorough investigation, it became clear that Arledge's audit opinions were incorrect and misleading, that Arledge had failed to reasonably and properly perform a risk assessment of OBC, that Arledge employed inadequate and flawed audit planning and testing procedures, and that Arledge failed to perform the audits in accordance with reasonable and applicable auditing standards. The lawsuit seeks to recover all damages caused by Arledge's conduct."
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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.
|US Grains Council Report Says U.S. Corn Harvest Quality Excellent in 2017
The U.S. Grains Council issued a report on this year's corn harvest quality, saying a good growing season resulted in record yields that had very good quality. The report says the majority of crop conditions in 2017 were good-to-excellent. That led to strong plant size, good kernel health, and a projected record yield of 370.3 million metric tons, or 14.58 billion bushels. If the projection turns out to be accurate, it would be the second-largest harvest on record.
The report says just over 95 percent of America's corn crop rated at U.S. grade number 2 or better. That result came from an extended planting period, a warm and wet vegetative period, a cool and dry grain-filling period, and a warm, wet, and slow harvest. The average test weight came in at 58.4 pounds per bushel, higher than the five-year average, and shows excellent kernel-fill and maturation.
Roughly 98 percent of samples tested below the Food and Drug Administration's action-level for aflatoxins, which is 20 parts per billion. 100 percent of the samples tested below the FDA-mandated advisory level for vomitoxins.
To read more about the report- and to get to a link to the complete review- click or tap here
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|Derrell Peel Considers 2018 Beef Cattle Market- What to Watch and What to Manage in 2018
As we begin 2018, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel looks at beef production in 2018 and the factors that will determine beef price outlook..
"Continued growth in beef production in 2018 is likely to pressure cattle and beef prices. Cattle producers have a number of economic conditions to watch that will indicate the impact of factors they cannot control and that will have implications for those factors they do control.
"Domestic and international beef demand will continue to be critical factors affecting cattle and beef prices in 2018. The U.S. economy is currently strong with low unemployment and a stock market supported by lots of cash from earlier Federal Reserve stimulus. Economic growth has been rather plodding but steady over the past few years. Though inflationary fears have not yet materialized, the Federal Reserve began raising interest rates in 2017 as the economy gained strength. The recent tax cuts and proposed infrastructure investments could provide additional fiscal stimulus that adds to inflation concerns. This may pressure the Federal Reserve to raise interest rates more and faster in 2018 and beyond. Though no major change is expected at this time, macroeconomic conditions are a factor to watch in 2018."
Click or tap here to read Dr Peel's complete analysis about what is ahead for 2018.
|OSU Livestock Judging Squad Takes Arizona National Championship- And Oklahoma Claims Grand Market Lamb
The Oklahoma State University Livestock Judging team kicked off the 2018 season with a high team victory at the Arizona National in Phoenix on New Year's Eve. The team is coached by Blake Bloomberg.
Blake Goss - 1st High Individual
John Nelson - 2nd High Individual
Colton Pratz - 3rd High Individual
Jessica Juvinall - 4th High Individual
Haley Stark - 5th High Individual
Amber Wright - 6th High Individual
PD Miller - 7th High Individual
Cody Heavin - 8th High Individual
Hannah Lauffenburger - 9th High Individual
Caroline Hughes - 10th High Individual
ALSO At the Arizona National Junior Livestock Show- Oklahoma claimed one of the Grand Champions- Kyra Elliott of Calumet, Oklahoma showed the Grand Champion Market Lamb- it sold at their Premium Auction for $22.50 a pound for a total of $3037.50.
|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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