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Let's Check the Markets!
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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:
Daily Oklahoma Cash Grain Prices-
as reported by the Oklahoma Dept. of Agriculture. This is our first report since December 22nd
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
Wednesday, January 3, 2018
2018 Winter Wheat Crop in Oklahoma and Kansas Needing a Drink of Water
Both Oklahoma and Kansas released monthly crop weather updates for December 2017 on Tuesday afternoon- and both showed plenty of reasons to worry about being too dry as we begin 2018.
According to the NASS report, "Winter wheat grazed reached 35 percent, down 4 points from the previous year.
The report also shows that the 2018 Hard Red Winter Wheat Crop across Oklahoma is suffering because of the dry conditions- with 15% of the crop in "good" condition (none of the crop rated excellent), 43% is in "fair" condition and 42% is called "poor to very poor."
Pasture and range ratings tell the same story, with only 16% called "good", 53% "fair" and 31% "poor to very poor."
The Kansas wheat crop is in somewhat better shape than what we find in Oklahoma- "Winter wheat condition rated 4 percent very poor, 18 poor, 41 fair, 34 good, and 3 excellent."
Click or tap here to read more from the two reports- by the way- nothing from Texas as of yesterday afternoon regarding a monthly summary for December.
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|KORUS Talks Set for Washington This Week
The U.S. and South Korea will hold formal trade talks starting Friday regarding the Korea-U.S. Free Trade Agreement, known as KORUS. Officials from Korea and the U.S. will meet in Washington, D.C. Friday to discuss "potential amendments and modifications" to the five-year-old deal.
The two nations met last year to discuss concerns surrounding the trade agreement as President Trump repeatedly criticized the trade pact, and threatened to withdraw the U.S. unless changes are made. However, U.S. officials have so far not followed trade promotion authority procedures required to pursue major changes to the deal, suggesting they do not anticipate the talks will result in changes to U.S. law that would require congressional approval.
South Korea was the third largest importer of U.S. beef in 2017, based on numbers for the first ten months of the year. Through October, exports totaled 148,998 mt (up 7 percent) valued at $979.3 million - 20 percent above last year's record pace. Demand for U.S. chilled beef is especially strong in Korea's retail sector, with chilled beef exports up 88 percent to 36,773 mt valued at $329 million, up 93 percent.
The country is currently the fifth largest U.S. agricultural export market overall.
|President Trump Set to Address American Farm Bureau Members Monday at Opryland
According to latest info released to the agricultural media by the American Farm Bureau- things are on track to have President Donald Trump address members of the general farm organization on Monday morning, January 8th, in Nashville at the 2018 AFBF Convention.
US Secretary of Agriculture Sonny Perdue will be on stage with his boss and will be offering remarks as well.
Oklahoma Farm Bureau's delegation will be led for the first time by new state President Rodd Moesel.
Details about the meeting and the Trade Show that will be a part of the meeting are available here.
|Know Thy Customers is Good Advice- For Beef Producers- That Means Listening to Jason Dorsey Explain Millennials
Both the beef and pork checkoffs have turned their promotional attention toward Generation Y- otherwise known as the Millennials. They are being called the most influential generation of customers, citizens, and employees since the Baby Boomers were in their forties and fifties. Jason Dorsey is one of the most knowledgeable researchers on the work habits and attitudes of Millennials- and this Austin, Texas based guru on both Generations Y and Z(those under 21) was a speaker this past fall at the Texas Cattle Feeders Association.
At that meeting, I sat down and talked with Jason after this presentation about what makes Millennials and Gen Zs tick- and how the beef industry can best portray the industry and beef as a great protein source to these consumers under the age of 40.
Part one of our conversation with Dorsey is featured in today's Beef Buzz- click here
to take a listen and read more as well.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|Glenn Selk Says Early Evening Feeding Results in More Daylight Calvings In Beef Cow Herd
Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, offers herd health advice on a regular basis on our website and here in our daily emai. Today, Dr. Selk investigates the concept of feeding pregnant cows in the late afternoon to increase daylight calving.
"It is generally accepted that adequate supervision at calving has a significant impact on reducing calf mortality. Adequate supervision has been of increasing importance with the higher price of live calves at sale time. On most ranching operations, supervision of the first calf heifers will be best accomplished in daylight hours and the poorest observation takes place in the middle of the night.
"The easiest and most practical method of inhibiting nighttime calving at present is by feeding cows at night; the physiological mechanism is unknown, but some hormonal effect may be involved. Rumen motility studies indicate the frequency of rumen contractions falls a few hours before parturition. Intraruminal pressure begins to fall in the last 2 weeks of gestation, with a more rapid decline during calving. It has been suggested that night feeding causes intraruminal pressures to rise at night and decline in the daytime."
Read more about what is called the Konefal Method by
clicking or tapping here.
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|Purdue's Chris Hurt Believes Bigger Supplies and Higher Prices for Pork are Likely in 2018
If you are a hog producer and you have a question- the answer is probably BACON!
And excellent demand for bacon is one of the reasons that 2017 was a profitable year for the US Pork Industry- and Chris Hurt with Purdue says the party will continue in 2018. Hurt writes "pork production is expected to rise by three percent in the first-half of 2018 and by near four percent in the last-half of 2018.
"The theme for the pork market in 2017 was higher production and higher prices when pork production rose by 2.5 percent and hog prices were up 10 percent. The reason was strong pork demand around the world. That was led by bacon demand in the U.S. where retail prices were up about seven percent and by pork exports expanding around seven percent.
"For 2018, we once again ask if hog prices can be higher with a 3.5 percent increase in supply and with sizable increases in competitive meats as well. The lean hog futures market is currently saying, YES!"
Read Dr. Hurt's full analysis by clicking or tapping here- and then join me for a bacon cheese burger at lunchtime(that makes the pork, beef, dairy and wheat farmers all happy!)
|Congressman Frank Lucas to Keynote Oklahoma Grain Sorghum Meeting in Enid
The Oklahoma Sorghum Growers Association will be holding its annual meeting Friday January 12th at the Hoover Building at the fair grounds in Enid. "Our meeting coincides with the Enid farm show. It will be a good opportunity for farmers and folks in the agribusiness to attend the meeting, have some lunch, and get to hear a great line up of speakers" said Jordan Shearer Executive Director of the Oklahoma Sorghum Association.
Keynote speakers for the event include Congressman Frank Lucas, J.D. Strong Director of the Oklahoma Department of Wildlife Conservation, Joe Neal Hampton Executive Director of the Oklahoma Wheat Growers and Dr. Josh Lofton, OSU extension specialist. The slate of speakers will cover a range of topics ranging from the status of the Farm bill, to programs available to producers, outlook for the State of Oklahoma this coming year, as well as updates on yield variety trials and agronomic advice for the coming year.
|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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