|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.
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 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
Friday, March 2, 2018
|Featured Story: Deadline Week at the State Legislature Done- AFR's Steve Thompson Offers Overview of the Week
Deadline week is now done at the Oklahoma State Legislature- and AFR Director of Government Relations and Ag Programs Steve Thompson answered my call to discuss what happened at the State Capitol during Week 4 of the 2018 State Legislative Session.This week is called Deadline Week because for any bill to stay alive in the weeks ahead- it must have been heard and passed out of the Committee it was assigned to. If it does not make it out of Committee, it is dead.
Thompson says that the top issue of the week had the Agricultural groups coming together to defend the Agricultural Sales Tax Exemption, which is worth several hundred million dollars to farmers and ranchers in the state annually. He tells me the "Ag Sales Tax Exemption issue was discussed- a serious modification of that in the full Senate Appropriations Committee Wednesday night" and Thompson says that all the Agricultural groups were engaged with a Senator from northeastern Oklahoma who was wanting to address what he considerd abuses of the Ag Sales Tax Exemption- the groups and this Senator could not see eye to eye on this proposal that would have forced an annual renewal of the tax exempt card by all farmers and ranchers- and would have placed a burden of proof on beginning farmers and ranchers to show they were in the business for profit- and would have caused them to pay the tax and then later seek a refund. The Ag groups worked with other lawmakers on the Committee- and the measure was defeated 14 to 24.
Click or tap here to read more- and to listen to Steve's review of week 4 of the Legislative Session.
BY THE WAY- one bill that has been promoted by the newly started Oklahoma Independent Stock Growers falls into that DEAD category- HB 2945. This was a measure that would have required a placard at the Meat Case of grocery stores and supermarkets- identifying if the beef being sold was US Beef or not. The bill was originally assigned to the Rules Committee- then the author asked that it be moved to the Wildlife Committee but it was not voted on in that Committee either- so it is dead for this session.
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|KC Wheat Futures Are Up- What's a Wheat Farmer to Do? Kim Anderson Explains All
There will be no SUNUP show on OETA this weekend- but Dave Deken with the SUNUP show did spend a few minutes with Dr. Kim Anderson to get his take on the current status of the hard red winter wheat market.
Dr. Anderson says be cautious about any forward pricing of the 2018 winter wheat crop- even with the recent jump in wheat prices. He tells Deken that if you are areas that got little rain in recent days and the crop still is looking poor to very poor- it would be a mistake to forward contract any wheat as you may have a hard time having enough bushels to meet any obligations that you would incur. He does advise producers in areas that got rain and that the wheat has responded to think about forward contracing a small amount- say ten to fifteen percent of your expected bushels if you are feelig risk adverse.
Dr. Anderson believes that this latest price move is the market telling the wheat producers across the winter wheat belt that it is looking for bushels of good qality wheat. There was been a dollar increase from early December to the first of March in the July 2018 Hard Wheat Futures Contract- and Andeson says that is due in part to drought conditions in Oklahoma and Texas- and to a lesser extent in Western Kansas.
Click or tap here to read more from Kim- and to listen to his wisdom on the wheat market as it now stands.
|Senate Confirms Gregg Doud for USTR's Ag Negotiator
Kent Bacus, NCBA's Director of International Trade, released the following statement on Thursday afternoon in response to the confirmation of Gregg Doud to be the USTR Chief Agriculture Negotiator:
"Gregg Doud has been a strong advocate for American farmers and ranchers for many years, and NCBA is happy that the Senate has confirmed him as the Chief Agricultural Negotiator. The long nomination and confirmation process is over and U.S. agriculture finally has the representation we deserve at the negotiating table. We look forward to working with Gregg Doud and the staff at USTR to address the many trade barriers facing the U.S. beef industry."
|From Commodity Classic-Expanded Biofuels Use and New Market Opportunities Top the TO Do List for Corn Growers
Our own Carson Horn sat down with National Corn Growers Association Chief Executive Officer Chris Novak this week at the 2018 Commodity Classic to discuss some of the policy issues pertaining to the corn industry and agriculture as a whole. As the leader of one of the major charter organizations behind the Commodity Classic, Novak says the meeting is a perfect venue for grain farmers to come together to talk policy, share ideas and learn from one another.
"This is democracy in action," Novak said. "Almost 8,000 people have come from across the country, more than half of those being the farmers who have come to set the policies and directions for not just the National Corn Growers Association, but the American Soybean Association, Wheat Growers, Sorghum producers and others... This is where farmers have a voice in determining what our organizations will lobby for in DC; what our priorities will be for the next year."
One of the major priorities this year, though, is of course the upcoming Farm Bill. But at the end of the day, says Novak, even before we get to the Farm Bill the challenge is how producers build demand for these large corn crops that farmers continue to produce.
"The answer for us, is the Renewable Fuel Standard," Novak said. "In Washington this week, meetings were held between the administration and members of the Senate to talk about the future of the Renewable Fuels Standard. Also, trade is at the top of our agenda."
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Now is the time to put on your 2018 calendar the date for the 2018 Oklahoma City Farm Show, coming April 19, 20 and 21, 2018. Contact Ron Bormaster at (507) 437-7969 for more details about how your business or organization can be a part of the 2018 Oklahoma City Farm Show!
Click here for more details about the 2018 Oklahoma City Farm Show- presented by Midwest Farm Shows
|Drought Reduced in Eastern Oklahoma- Remains Mostly Untouched in Western Counties in Latest Drought Monitor
The latest Drought Monitor is no surprise in that it shows that central and eastern Oklahoma got enough rain over the last couple of weeks to make a difference:
According to state climatologist Gary McManus, "The late-month bounty (of rainfall) dramatically improved the drought situation across much of the state. According to the latest U.S. Drought Monitor report, which considered precipitation through Feb. 27, 66 percent of the state remains in some form of drought. That's a reduction of 34 percent from the previous week. Nearly 44 percent of that drought is still considered "severe" or "extreme," covering most of western Oklahoma into the Panhandle. The Drought Monitor's intensity scale slides from moderate-severe-extreme-exceptional, with exceptional being the worst classification."
Click or tap here to read more from Gary- and to grab the link on over to his complete Mesonet Ticker released yesterday.
|Wheat Industry Disappointed with Trump Administration Move to Impose Tariffs on Imports of Steel and Aluminum
According to a release from the U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG)- the two groups are extremely disappointed in the decision announced Thursday to impose sweeping tariffs on imports of steel and aluminum. We have repeatedly warned that the risks of retaliation and the precedent set by such a policy have serious potential consequences for agriculture. It is dismaying that the voices of farmers and many other industries were ignored in favor of an industry that is already among the most protected in the country.
At NAWG's board of directors meeting this week in Anaheim, a new resolution was passed urging the Administration to avoid imposing national security-based trade barriers on commonly traded products. NAWG's newly instated President Jimmy Musick, a wheat farmer from Sentinel, Oklahoma, said "at such an economically hard time for wheat growers, we do not want to see trade barriers brought against us from some of our top customers who are impacted by this decision."
Click or tap here to read more from the joint release from NAWG and US Wheat.
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|Dr Richard Teague Says "Don't Overgraze and Don't Overstock" and You Can Be a Success in Rangeland Management
Dr. Richard Teague is originally from South Africa- and now is a researcher and Professor for Texas A&M's Agrilife facility in Vernon, Texas. Dr. Teague is world renowned for his work in what is called AMP Grazing. AMP Grazing- or Adaptive Multi-Paddock Grazing- is at the heart of his work in Sustainable Rangeland Management.
Dr. Teague was the midday keynoter at the Regenerative Agriculture Conference sponsored by the Oklahoma Association of Conservation Districts- and he offered his insights into how AMP Grazing is built on a plan tha starts with building up the health of the soil of the rangeland. On the sidelines of the Conference- Dr. Teague talked with me about his approach to helping ranchers achieve economic success with a plan built on sustainable principles.
Teague says that "there's two things in grazing that you must avoid- the one is over stocking and the other one is over grazing. Over stocking is having too many animals for the amount of forage that is on the ground because there must be enough grasses to feed the animals but also to carry out the eco system functions that leaving enough grass behind does. And over grazing is to graze for too long- the cattle keep biting the same plants and destroying them- and not allowing them enough time to recover. So, it's a combination of these two things- and we call this Adaptive Multipaddock Grazing."
Click or tap here to read more- and to listen to our latest Beef Buzz with Dr. Teague and his thoughts on AMP Grazing.
|A Trifecta of Great Bulls Being Offered- Express Today, Value Genetics and Blackjack Tomorrow
Three great seedstock sales are set for today and tomorrow across our Oklahoma- the first is happening at 10:00 AM this morning at Express Ranches in Yuukon.
Click or tap here for their website- where you can see the sale book, videos and lots of info about the Angus and Hereford Bulls being sold.
The Express Ranches Bull Sale can be viewed on Superior Livestock's outlets.
On Saturday, March 3rd- we invite you to check out the Blackjack and Friends sale at Blackjack Farms in Seminole- which starts at 12 noon.
Sale guests are Pfeiffer Angus Farms and McFerran Farms
Click here for more details from our Auction Page- and you can also click here for the sale book.
Also happening tomorrow, March 3rd is the Davis Angus Value Genetics Sale. The sale will be held at the Clinton Livestock Auction, LLC Barn- 1 1/2 Miles North of Clinton on Highway 183- and will start at 12:30 PM.
Click here for details from our Auction Pages- you can click here to jump straight to the Sale Book
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, 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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