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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 offered 1,249 head Wednesday with 0 cattle actually selling. Click here to see their complete market results.
sold feeder steers and heifers mostly steady to 2.00 higher compared to last week's sale - click or tap here for the complete report from the USDA found on our website.
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
Thursday, July 26, 2018
Gubernatorial Candidate Kevin Stitt Says Ag will Always have a Seat at the Table in His Administration
Tulsa businessman and 2018 GOP gubernatorial candidate, Kevin Stitt, joined us in-studio this week to discuss his vision for Oklahoma as anticipates a victory in his race to become Oklahoma's next governor.
"Look at the job description for Governor... you're hiring a chief executive officer to run a $22 billion budget, hires the right people, sets the vision, develops the strategy and gets the legislature moving in the right direction," Stitt said. "That's what I've been doing my whole career - holding people accountable, creating transparency in the different departments of my company. It's the same principles that it takes to lead state government. That's why I'm the right guy."
"I tell people I'm going to be the Governor for all four-million Oklahomans, all 77 counties. So, I'm going to work with Farm Bureau and AFR and the Cattlemen's Association," he said. "I've been reaching out to those groups since Day 1 to learn the issues. They'll have a seat at the table when I fill positions."
One question that we did not get to in the OCA Forum this past weekend had to do with the faith of the two candidates- we asked Stitt if he would be willing to call for a State Day of Prayer for drought relief- and he said he would- and added that his faith has driven him to run for Governor- he has felt God's leadership in this endeavor- and that faith is a cornerstone of his life- and his been a cornerstone in his business endeavors as well.
Click or tap here for our complete story from our conversation with Kevin Stitt- you can listen to our conversation with candidate Stitt there.
You can also click here to jump over to the Stitt campaign website and read more about the formation of a Farmer-Rancher group supporting Stitt for Governor- there is a list of ag folks supporting him and more about how he feels about several key ag issues.
Earlier this month- we also talked one on one with GOP Gubernatorial Candidate Mick Cornett- you can click here for that story and interview if you want to compare the two candidates that way.
By the way- after the primaries- we will invite Democratic Nominee Drew Edmondson to sit down and talk agriculture with us ahead of the November general elections.
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|Senator Lankford Invited to White House to Talk Trade, Tariffs and Ag-
Oklahoma Senator James Lankford was one of about 15 lawmakers invited to the White House on Wednesday afternoon to talk trade and the tariffs imposed on foreign goods and the retaliation against US products- including lots of US farm products- and- their impact on farmers and ranchers. Ahead of his actual meeting with President Trump- Lankford and the other lawmakers were invited to be in the audience for the Rose Garden announcement of a trade breakthrough with the European Union- a deal that includes a promise by the EU to buy more US Soybeans.
I talked with Senator Lankford about the EU Deal- and all of the other trade issues that have caused a great deal of angst among farmers and ranchers across the country- including right here in Oklahoma. We talked the EU Announcement, dealings with China, Mexico, Japan and more. We also discussed the $12 Billion Dollar Short Term Aid for farmers hurt by tariffs against US Farm Products- with the Senator coming away from the meeting feeling like the Administration will keep this a one time, short term help package to stabilize income for farmers as they have seen farm prices tumble as the markets are roiled by the tit for tat tariffs- especially those imposed by China, Mexico and Canada.
Click or tap here to jump over to our exclusive conversation with Senator Lankford from Wednesday evening about Trade, Tariffs and Ag.
NCBA President Kevin Kester Talks Frankly About Environmental Issues Affecting Modern Producers
The Trump Administration announced recently that it will be working to pass through some new revisions and updates for the Endangered Species Act, which could potentially hold some positive outcomes for American beef producers across the country who are at times faced with limitations in their operations due to restrictions within this legislation. According to Kevin Kester, a rancher from California and president of the National Cattlemen's Beef Association, with just a few minor changes, the ESA could be brought up to speed with our modern times in a way that truly benefits both the natural and business environment of America. He shared those thoughts with u
s during his recent visit to attend the Oklahoma Cattlemen's Association's 66th Annual Convention and Trade Show."NCBA has been working behind the scenes for many, many months now on the modernization and introduction of legislation to modernize the Endangered Species Act. It's been woefully behind the times for 20 years now with no action on it," Kester said. "So, we're very strongly behind the efforts of the Senate, Senator Barrasso, as well as the administration to get this thing over the finish line sometime here in the future."Kester contends that the changes being proposed will essentially be injecting a little common sense into the law that has unnecessarily hindered producers for years. Many of the species still under the Act's protection have recovered since they first appeared on the list and deserve to be removed. Doing that would reduce the body of restrictions being enforced. As this process moves forward, though, Kester warns that there will likely be some pushback from radical environmental groups armed with false claims that any changes made will bring the ultimate destruction to a fragile environment."Nothing could be farther from the truth and I hope people won't be fooled by the rhetoric that comes out of some groups saying differently," he said, while also mentioning his intention to continue working on other environmental issues with the EPA's new Acting Administrator, Andrew Wheeler, who took office after Scott Pruitt resigned recently. "We were sorry to see Scott Pruitt step down - however, Acting Administrator Wheeler, we think, is going to do a great job and we want to continue working with EPA to make sure we keep working on things like the Waters of the US rule. We're going to make sure the things that Scott Pruitt started are finished out."Listen to Kester and I discuss these issues at length in their complete interview, featured on yesterday's Beef Buzz - click here.
EPA Approves Pathway for Ethanol Plants to Produce Advanced Biofuel from Sorghum Oil Extract
Environmental Protection Agency Administrator Andrew Wheeler approved sorghum as an eligible feedstock under the Renewable Fuels Standard. The announcement marks a significant step toward leveling the playing field for ethanol plants that extract oil from sorghum.
The National Sorghum Producers worked closely with EPA over the past two years to establish a biofuels pathway for sorghum oil in the RFS. Tuesday's announcement now provides new market access for sorghum producers. NSP Chair Don Bloss of Nebraska says Tuesday was a great day for sorghum farmers and their partners in the ethanol and biodiesel industries.
"A pathway for sorghum oil opens new markets for ethanol plants extracting sorghum oil and will ultimately add value to the grain farmers produce," says Bloss.
NSP Board Director Tom Willis says the pathway for sorghum oil reaches far beyond the farmer. "This is an avenue to creating the jobs in rural America that we so desperately need, and it provides energy security from a renewable water-conserving source," says Willis.
Click here to jump to NSP's release on the EPA's decision, to read more.
Checking In on the Beef Checkoff- Continued Investment in Sound Nutritional Research is Paramount
This week's episode of our new ongoing conversation, Checking In on the Beef Checkoff, features our recent visit with Angie Meyer, chairwoman of the Oklahoma Beef Council. Meyer visited with us about the Checkoff funded nutrition research being done to help educate health professionals and consumers about beef's role in a healthy, balanced diet.
"For decades, the beef industry has invested Checkoff funds to do the best, most dependable nutrition science to share with the diet and health community," Meyer said. "Over the years, they have made a positive difference in how beef is looked at in healthy diets."
Meyer explains that physicians and dieticians, those who often make nutritional recommendations to their patients to improve or maintain a healthy lifestyle, never give advice blindly - nor should they.
"They need science and research," she says. "And, there are those who will twist information to put beef in a bad light. That's why it's important we continue to fund well-designed and peer-reviewed research that reinforces the fact that beef is not just great tasting, but great for a nutritious diet as well."
For more stories about what your Beef Checkoff is doing or to listen to Meyer and I speak about the importance of the Checkoff's research efforts, click here.
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 Midwest Farm 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.
P&K Equipment Expands with Five New Locations Acquiring Grissoms, Local John Deere Dealerships
P&K Equipment, Inc. announced this week that the company is again expanding its services with its latest acquisition of Grissoms, LLC, a neighboring John Deere dealer with five locations throughout Oklahoma, including Prague, Shawnee, McAlester, Muskogee, & Ada. The new locations will join P&K's thirteen existing locations, which include eleven in Oklahoma and two in Arkansas. A release from the company says the addition of the new locations will further solidify P&K Equipment's position as the largest John Deere dealer in Oklahoma.
P&K Equipment finalized the acquisition on July 24th and officially took over operation of the five new locations the same day. However, the previous owner, Keith Grissom, along with many Grissoms, LLC employees, will stay on after the acquisition. P&K plans to keep much of the same team intact through the transition.
Scott Eisenhauer, P&K General Manager, said, "The Grissom family has a long history in the John Deere business going back over 50 years, and we're excited to continue their successes. For the transition and the many years to come, we will strive to create a positive P&K experience for all who interact with us."
P&K Equipment, Inc. was originally founded as a single-location dealership in Kingfisher, Okla. in 1985 by Dr. Barry Pollard and Wendell Kirtle. Since then, the team has grown to include locations throughout Oklahoma, Arkansas, and Iowa (operating as P&K Midwest).
For more information on P&K Equipment or the acquisition of Grissoms, LLC, click here.
New Study from Cornell University Concludes Farmers Will Buy Less Crop Insurance If It Costs More
Dr. Josh Woodard, an associate professor at Cornell University, recently published a study on the correlation of premium/participation relevant to crop insurance programs, in the Journal of Risk and Insurance. Woodard contends that critics of crop insurance have long suggested that producers would consistently pay for insurance policies regardless how high the cost. However, according to his research, these claims are incorrect.
Woodard observed that crop insurance demand is clearly responsive to price, as proven by the uptick in participation following Congressional actions over the years to provide premium support instead of ad hoc disaster payments. A similar decrease in participation would naturally occur if coverage costs more, he explained.
Results from Woodard's analysis of the demand for crop insurance on Illinois corn found that participants would purchase lower levels of insurance coverage as premium prices rise. In fact, some participants may drop out of buy-up coverage altogether, Woodard noted.
"Crop insurance is already expensive for farmers but is necessary to obtain loans to invest in new technologies and conservation activities," he wrote. "Significantly cutting this support will not only hinder farmers' ability to invest in sustainable farm operations but may push many farmers out insurance and eventually out of business."
In recent years, Congress has made significant investments to make crop insurance more affordable and available for farmers. For instance, in 2017, it protected more than $100 billion worth of agricultural goods on a record 311 million acres of land.
Click here to read more about this study in the original article found on our website.
Oklahoma Youth Attend American Farmers & Ranchers' 2018 Leadership Summit Teen Session
American Farmers & Rancher this week hosted approximately 58 students, grades 7-9, at the organization's teen session of the 2018 AFR Leadership Summit, held July 22-24 at the Heartland Conference Center in Oklahoma City.
Participating youth had the chance to hone their leadership skills and even worked with their peers on a project to improve the lives of others through team-building exercises and personal reflection. This included a charitable exercise in which the group constructed blankets to donate to Project Linus - which provides love, a sense of security, warmth and comfort to children who are seriously ill, traumatized, or otherwise in need through the gifts of new, handmade blankets and afghans, lovingly created by volunteer "blanketeers."
Micaela Danker, AFR/OFU youth development coordinator remarked on what a great opportunity this event is for active and aspiring youth. "We hope the skills they learn here will help them feel more confident at a speech contest this fall, make them stand out as on officer of a collegiate group or land their dream job down the road."
For more than 40 years the farm organization has sponsored a leadership summit for the state's top young leaders. Many of the participants have taken what they have learned at the summit back to their communities and served in greater leadership roles at the local and state levels. Learn more about the events of this week's AFR Youth Leadership Summit, by clicking over to our website.
|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 Beef Council, 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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