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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!
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.
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:
Futures Wrap:
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, June 18, 2018
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
After weeks of speculation, President Trump announced Friday to the ag industry's chagrin he will indeed levy 25 percent tariffs on $50 billion worth of Chinese products under Section 301 of the Trade Act of 1974. A release from the American Soybean Association says this decision not only inflames trade tensions between the two countries, but also means the US can expect China's quick retaliation.
"The American Soybean Association, on behalf of all US soy growers, is disappointed in the Administration's decision, which follows weeks of imploring the President and his team to find non-tariff solutions to address Chinese intellectual property theft and not place American farmers in harm's way," the release states. "ASA has twice requested a meeting with President Trump to discuss how increasing soy exports to China can be a part of the solution to the US trade deficit without resorting to devastating tariffs."
Chinese government officials have announced that their response to Trump's widespread trade tax on Chinese goods will be quick and certain, which is bad news for soybeans farmers. A study by Purdue University economists predicts that soybean exports to China could drop by as much as 65 percent if China imposes a retaliatory 25 percent tariff on US soybeans.
China is the US soy industry's largest customer, which imported roughly $14 billion in US soybeans last year. Click here to learn more about how a trade war might impact US soy growers.
President and CEO of the US Grains Council Tom Sleight weighed in on the matter as well.
"We are concerned any tariff opens this market to our competitors and locking out U.S. products doesn't mean trade stops - it means other partners will take our place. Bottom line: tariff battles are never productive," he stated. "We trust the leaders at the U.S. Department of Agriculture, the Office of the U.S. Trade Representative and the White House know how critical open markets are to our industry and appreciate their support during this process and in this tense time." |
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Sponsor Spotlight
As a premier John Deere dealer, P&K Equipment is your local expert source for John Deere equipment, parts, and service. The P&K network is 22-stores strong (11 in Oklahoma, 2 in Arkansas, 9 in Iowa), including the latest additions at Poteau, OK, and Fort Smith, AR, and has been in operation for more than 30 years. When you put the P&K team to work for you, you'll have a powerhouse of resources and inventory on your side.
And if you check us out on the web at pkequipment.com, you'll have it all at your fingertips. New & used equipment (you can even request a quote, schedule service, or get a value for your trade!), current P&K promotions, service scheduling, online parts shopping, finance tools & so much more! Stop by and meet the team at P&K Equipment today- in stores or online. Because around here, John Deere starts with P&K.
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Beef Exports Continue to Impress with Another Record Setting Month, Despite All the Political Noise
Thus far here in 2018, according to the US Meat Export Federation, each month the export numbers for beef have looked really, really good. Extension Livestock Market Economist Dr. Glynn Tonsor says the latest numbers especially, are just another testament to how well we're doing with beef exports here in 2018.
"They're very favorable and it's hard to overstate that. Really, both beef and pork exports had a good April," Tonsor said. "Beef was up 11 percent in volume and 23 percent in value for April 2018 relative to April 2017. That value number is the fourth highest on record. That's important to note."
Breaking down the data compiled by USMEF, Tonsor says the calculations reveal that the estimated value being added to every steer based on trade, is at $328 per head. In other words, assuming you are selling a 1,400 lb. steer, that equates to $23 per cwt of value being added.
"If I could emphasize one thing - those April numbers are hyper-strong - really good despite what is a lot of trade and political noise," he asserted. "So, there's a lot of reasons to be optimistic that we are already taking advantage of that growing protein story or the demand for more protein. My question is how much better could it be if we reduce some of that uncertainty?"
Listen to Tonsor and I breakdown the numbers behind beef exports and the story of growing protein demand they illustrate, on today's Beef Buzz - click here.
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Noble's Texoma Cattlemen's Conference Offers Producers the Latest Info on Performance Efficiency
We caught up with Billy Cook, head of Noble's Agriculture Division last week during the Texoma Cattlemen's Conference. Cook talked about how the conference has evolved over the last several years, to bring area producers the most relevant information and what the Institute is doing to better align its work and research to stakeholder needs.
"We've really tried to focus on real deliverables for the producer and one of the things we added this year to maybe enhance that to some degree is a tour the day before this conference," Cook said. "We spent most of the day with probably 120 people showing them some of the research we're doing - some of the management we're implementing and trying to understand better what their needs are so we can align some our projects to meet their needs."
Through the use of technology that measures daily intake in cattle on pasture, Noble researchers have for instance been able to conduct studies that have allowed them to show producers how to maximize the number of cattle a pasture can support, via genetic efficiencies. These studies have also helped researchers better understand and reduce the variables that can cause inconsistencies in your grazing program. Overall, Cook says the work being done is bringing producers closer to an integrated forage system that promotes long-term economic and ecological benefits for the producer and the land.
To learn more about the work Cook oversees at Noble and some of the information that was shared with producers at last week's conference, listen to our full conversation and read more, by clicking here. |
Patti Townsend of Milburn, Okla. Recognized as a Significant Woman in Oklahoma Agriculture
This past week, the Oklahoma Department of Agriculture, Food & Forestry recognized 78-year-old Patti Townsend of Milburn, Okla. as a Significant Woman in Agriculture.
Townsend grew up in San Francisco, a much different sight from the New Mexico cattle ranches she would soon call home after marrying Gayland Townsend. The couple began ranching together in Albuquerque and then Roswell, raising commercial cattle before incorporating Brangus into their herd, eventually owning nearly 800 head and 600 head of sheep. The Townsends moved several times while in New Mexico, each time to a bigger ranch, before relocating to Oklahoma in 2004 due to severe drought conditions.
Townsend became heavily involved with the New Mexico Cowbelles, while living in Roswell for 21 years before coming to Oklahoma, serving on the board, as secretary and as president. In these roles, she helped work beef cook-offs, helped the New Mexico Beef Council - where she also chaired the board - at the state fair, and helped put on the beef ambassador contest. She traveled to each region of the state giving workshops, ran booths at the state capitol, and visited schools to teach children about beef cattle. She also led farm tours to show the public more about the industry.
Her involvement with the Cowbelles was on all local, state and national levels. She was named the 1999 New Mexico Cowbelle of the Year and served as president. She also served as region director of the American National CattleWomen for six years and was president of ANCW in 2003 - later to be slated an officer in Oklahoma as well.
Click here to read more about Townsend and what makes her a Significant Woman in Agriculture.
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Sponsor Spotlight
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2018 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2018- the dates are December 6th, 7th and 8th. Now is the ideal time to contact the show office at 507-437-7969 and book space at the 2018 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
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Jimmy Kinder of Walters, Okla. Receives Noble's 2018 Leonard Wyatt Memorial Outstanding Cooperator Award
The Noble Research Institute presented Jimmy Kinder with the 2018 Leonard Wyatt Memorial Outstanding Cooperator Award during a special presentation at the Texoma Cattlemen's Conference.
The award is given annually to one of the 1,600 farmers and ranchers who work with the Noble Research Institute's producer relations program, and is based on accomplishments within the farmer or rancher's operation, their community service, and their willingness to assist other producers.
Kinder, and his wife, Margaret, live in Walters, Oklahoma, and operate 5,000 acres on his family's diversified operation, consisting of stocker cattle, wheat, canola, sesame and grain sorghum. Kinder was an early adopter of no-till farming practices and remains an avid investigator and adopter of farming technologies to add value to his operation.
Kinder became a cooperator in 2007 and served as a nonresident fellow, providing direction and support to the consultants and agriculture researchers for eight years. You can learn more about Kinder and his contributions, by clicking here to continue reading or to listen to his interview with us recorded after he accepted his award.
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More Farmers are Going Off Grid - Solar Energy Gaining Ground as Costs Become More Competitive
As on-farm solar becomes more competitive with retail electricity, solar panels may be a common sight across U.S. farm fields and livestock operations. Lower costs, along with federal tax credits, state incentives and a stronger ag economy, could entice more farmers to install on-farm solar generation in the decade ahead.
"As sure as the sun rises, the price of solar will fall," said Taylor Gunn, CoBank lead economist. "The U.S. farm economy is currently at the bottom of a business cycle, which has slowed the adoption of on-farm solar generation. But when markets reverse, we expect interest in on-farm solar to increase."
A new report from CoBank's Knowledge Exchange Division predicts that solar energy use will accelerate among ag producers when the cost of installing and operating distributed solar energy systems is the same or less than commercial electricity rates. This rate convergence is known as "grid parity." Grid parity is based on the levelized cost of energy (LCOE), which calculates the cost of building and operating a solar generation system.
"In most states, grid parity for on-farm solar will likely occur by 2025 to 2030, and could happen even sooner in areas with strong solar resources," Gunn said.
Find out more about the incentives farmers have for going off the grid, by click here to jump to the original webstory to continue reading about this growing trend in the ag world.
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Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
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The third annual AFR golf tournament is scheduled for this Thursday, June 21 at the FireLake Golf Course in Shawnee, Okla., on behalf of the Farmers Union Foundation, Inc.
All proceeds of the tournament will support the inaugural Gold Star Classic-AFR Special Needs Livestock Show set for Thursday, August 30 at the Grady County Fairgrounds, Chickasha, Okla.
The AFR Golf Tournament will feature exciting hole-in-one contests and lunch will be provided to all players. Sign up before registration closes, contact Lin at 405-218-5590.
For more information on this year's tournament, click here.
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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!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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