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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.
FedCattleExchange.com has a total of 3931 cattle on their showlist for the Wednesday, April 11th sale of finished cattle- details will be available after noon today by clicking here.
Steer and heifer calves sold mostly 2.00 to 5.00 higher Tuesday compared to last week at OKC West
- click or tap here
for a look at the April 10th sale results.
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
Wednesday, April 11, 2018
I had the opportunity, yesterday, to catch up with Dr. Jeff Edwards, head of the plant and soil sciences department at Oklahoma State University, about some new webinar technology the department is using to better connect with stakeholders across Oklahoma. Edwards shared his excitement for the use of the new technology and the capabilities it has to increase interaction between producers and extension staff while at the same time cutting down on costly resources that a traditional meeting of this nature would typically warrant.
"We discovered this new technology that allows us to have more of a two-way interaction where people can participate from all over the state and throughout the region, and ask questions of our specialists, so it's a win-win," Edwards said, also remarking on the Dean's support behind this initiative. "(Dr. Coon) really encourages us to step out there and see how we can implement some of this new technology to be more effective but also more efficient in what we do."
Two more webinar sessions are planned for Monday, April 16 and Monday, April 23, both at 8:30 a.m. Edwards insists the technology really has a lot of potential to be implemented outside his own department and be useful across the entire Division.
State specialists from Texas, Kansas and Nebraska will join Edwards' team during the next scheduled session to give a broader perspective on the recent cold snap from which farmers in the region have been reeling.
Read more about what Edwards had to say about this new platform or hear him tell me in his own words, by clicking or tapping here to listen to our complete conversation. For more details on how to tune into the next session and participate by submitting your own questions, jump to a previous story on website with step-by-step instructions on how to connect.
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.
|WASDE Offers Few Surprises- but Trade Watching Exports and Where They Are Going
The latest World Agriculture Supply and Demand Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels.
Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and lower ending stocks. Soybean ending stocks are projected at 550 million bushels, down five million. The season-average soybean price is forecast at $9.10 to $9.50, unchanged at the midpoint.
The monthly outlook for corn saw reduced feed and residual use, and increased ending stocks. With supply unchanged and total use declining, ending stocks were raised 55 million bushels. The projected range for the season-average corn price received by producers is unchanged at the midpoint with the range narrowed to $3.20 to $3.50 per bushel.
For wheat, USDA increased ending stocks by 30 million bushels to 1,064 million, all on lower feed and residual use. The season-average wheat farm price is unchanged at the range of $4.60 to $4.70 per bushel.
Click here for the complete WASDE report released yesterday morning.
While the WASDE report was not a huge market mover- one of the buyers of US Soybeans reported on Tuesday morning did generate some excitement.
Argentina bought over ten million bushels of old crop soybeans. The deals with Argentina were the largest in some 20 years, as the world' largest soy product exporter tries to maintain production despite a crop that down 30% from last year. USDA slashed another 257 million bushels off its estimate today following the country's severe drought, but added 74 million to the size of the crop in Brazil.
|Fear of the Unknown Drags Prices Down as Growing Supply Situation Compounds Producers' Worry
Lately, it seems cattle markets have been in a bit of a funk. As producers have sat back only to watch the price of cattle continue to slip over the past several weeks, many are beginning to get concerned wondering where the bottom is. I spoke recently about the matter with Extension Livestock Market Economist Derrell Peel, who says there is a combination of things at play here that is driving markets lower - most of all the fear of the unknown, referring to mounting uncertainty in ongoing trade policy negotiations.
"Right now, the biggest trade impact you can clearly identify is just the uncertainty surrounding the situation and I guess you could say the escalating uncertainty, given what has happened recently," Peel said. "When you add that to the fact that we're at a time of year seasonally for fed cattle markets and for these light weight calves in particular to peak, the combination of those things is clearly putting some pressure on these markets."
In recent months, feedlots have seen rather large placements and there are signs that cattle might be getting a bit backed up. May and June typically herald in the peak of slaughter season. So, from a supply standpoint, some in the industry are beginning to question whether or not there will be adequate demand to offset growing supplies. As the suspense builds, Peel and other economists are paying close attention to current market demand. According to Peel, domestic demand seems to be very robust at the moment with no signs of slowing down necessarily. And for the most part, export demand has performed well, too, but again the uncertainty of what current discussions may yield and what impact that will have on the future of international market access continues to be a drag on prices.
Listen to Derrell Peel and I discuss how uncertainty in the market is affecting prices, on yesterday's Beef Buzz - click here.
|Support Your Local Food Companies This April in Celebration of FAPC's "Made in Oklahoma" Month
Through its work at OSU in the food service industry, the Robert M. Kerr Food & Agricultural Products Center (FAPC) strives to bring locally made and grown food into the spotlight on campus and off to promote Made in Oklahoma companies. During April, FAPC hopes to bring an even greater awareness to these businesses, inviting the public to join them in celebrating "Made in Oklahoma Month." Oklahomans that choose to participate are encouraged to support their local food companies across the state.
Andrea Graves, FAPC business planning and marketing specialist says, "When you buy local products, you are putting money back into the state - keeping the products, jobs and money in Oklahoma, which is the main priority of FAPC."
This year, FAPC is partnering with University Dining Services and the Made in Oklahoma Coalition to support Made in Oklahoma Day at OSU on April 19 from 11:30 a.m. to 1:30 p.m. on the Student Union North Porch Lower to introduce the companies and complimentary samples of their various products to OSU students, faculty and staff.
Always a student favorite, this event is a perfect opportunity to introduce those on campus to the MIO concept and heighten their awareness of locally produced items.
Click here to learn more about Made in Oklahoma Month, FAPC and its mission.
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!
|Texas Tech University Ranked Among Top 25 Institutions for Advancement in Precision Agriculture
Recently, the Department of Plant and Soil Science at Texas Tech University was ranked among the top 25 best colleges in the world for precision agriculture, by Precision Ag Professional magazine's website, a worldwide leader in precision agriculture information and analysis.
The ranking list was based on feedback from industry experts and internet research, as well as a self-assessment and peer review by the heads of other programs. Those assessments listed schools considered to have the best reputation in education, research and extension and outreach for precision agriculture.
Among the top 25, Texas Tech is the only non-land grant university in the U.S. to earn a ranking.
Wenxuan Guo, assistant professor of crop ecophysiology and precision agriculture leads the Department's efforts in this area and has done extensive work using drones, to conduct research focused on precision agriculture, environmental sciences and remote sensing in agriculture. Guo eventually hopes to establish an interdisciplinary research and teaching program that uses technology to improve production in areas with limited resources.
Learn more about Professor Guo and his precision ag program at Texas Tech, by clicking here.
|Introducing Your 2018 Northwest Area Star in AgriScience Colton McCracken of the Vici FFA Chapter
On Tuesday, we featured Northwest Area Star in Agriscience, Colton McCracken of the Vici FFA Chapter, part of our ongoing coverage of the FFA Star Finalists for 2018. Colton's lifelong interest in deer hunting actually inspired his project, which determined the efficacy of different arrows for hunting in the field. In fact, this project actually earned him National Gold two years ago at the National FFA Convention in Louisville, Ken.
"It was nice because it was the only time I ever got to go to the National Convention and so agriscience gave me that opportunity," he said. "It was a neat experience getting to meet a lot of new people and ended up winning National Gold, so I got what I went for." Throughout his FFA career, Colton has participated in many activities outside of agriscience such as showing pigs, trap shooting and meats judging. Upon graduating high school, Colton plans to attend Northern Oklahoma College in Tonkawa to pursue a degree in pre-veterinary medicine. You can hear our entire conversation, by visiting the Blue-Green Gazette on our website. Special thanks to our friends and sponsors at American Farmers & Ranchers and AFR Insurance, proud to support Oklahoma's youth.
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|Trial Likely for RCALF Challenge of USDA Checkoff Program After Ninth Circuit Court Stays Injunction
The United States Court of Appeals for the Ninth Circuit let stand a preliminary injunction that has disrupted the work of the Montana Beef Council in using their half of the Beef Checkoff Dollar at the state level. The Appeals Court stated on Monday "Under our 'limited and deferential' review that 'does not extend to the underlying merits of the case,' we are unable to say the district court abused its discretion in granting the preliminary injunction."
The merits of the case are yet to be decided by the courts - and a trial is likely, although that could be months away.
The independent livestock organization known as R-CALF USA, touted the court's decision as a victory for its campaign against the Beef Checkoff.
"Today's ruling ensures that for the first time in over three decades Independent Montana cattle producers have a choice as to whether to continue funding a private message that essentially says that beef is beef regardless of where the cattle from which the beef was derived was born or raised. That generic message is contrary to the interests of Montana ranchers who want to capitalize on the superior beef products that are produced from their high quality, USA-produced cattle," said R-CALF USA CEO Bill Bullard.
RCALF's lead counsel David Muraskin, a Food Project Attorney at Public Justice remarked that while the court's decision only applies to Montana, "the momentum towards reform of the entire Beef Checkoff system is clear."
|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, OERB, 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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