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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
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, August 6, 2018
USDA's Greg Ibach Shares Vision for Animal ID and Traceability System, One of His Top Priorities
Last week, we were in Denver covering the 2018 Cattle Industry Summer Business Meeting. While there, we had the chance to speak with Greg Ibach, USDA undersecretary of marketing and regulatory programs, who spoke to cattlemen attending the event from across the country about his vision for an animal ID disease traceability system in the beef industry.
According to Ibach, this is something that's been widely discussed for some time now among producers and the industry and perhaps in the next few years could become a reality. Already, there are programs in place that serve niche markets that have created added value for enrolled producers. Ibach believes such programs could be foundational for the future if a national system were implemented.
Both the USDA and the industry would play a part in developing such a system, according to Ibach. And likewise, he says both would share the costs associated with establishing it.
"It's a partnership - USDA will pay for part of it and the producers and the public needs to understand the benefit to them as well," he said, reminding us of the potentially devastating consequences an outbreak could have financially on the entire industry if an outbreak did occur with no system in place to control it.
Click here to read more or listen to our complete conversation with Ibach.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
Beef Export Market Continues to Grow Despite the Current Intensity in the Global Trade Environment
One of the featured keynote speakers at the 2018 Cattle Industry Summer Business Meeting happening this week in Denver, was Dan Halstrom, president and CEO of the US Meat Export Federation. During his presentation, Halstrom assured producers that despite all the rhetoric and posturing that the current administration has taken on trade and the pushback from foreign trading partners - the beef industry at least continues to so far being faring reasonably well.
"I think the basic supply and demand dynamics are still very positive. We have data through May and the numbers look pretty good," he said. "Year-to-date coming off a record year last year, the volumes have gone up 10 percent and up about 20 percent on the value side. So, we are on track for new records."
Halstrom added that the exciting thing about this growth, is that the gains are broad-based. To illustrate that point, Halstrom highlighted several instances of impressive growth such as South Korea, up 34 percent year-over-year; Taiwan up 31 percent; Central America as a region, up 20 percent; and the two largest US markets for beef Japan and Mexico, both up 4 or 5 percent. In fact, Korea, while it may not be the largest market- it is certainly the shining star right now. Halstrom reports that this year for the first five months, the US exceeded Australia's share of the beef imports going in to that country - with the US now controlling 50 percent of its market share there.
"So, the broad-based demand continues to be very, very good," he remarked. "But, we have this sort of cloud of uncertainty that's hanging over us and that's definitely not helping us at the moment."
Listen to Halstrom and I discuss the export market growth that has occurred this year despite the current intensity in the trade environment, on last Friday's Beef Buzz - click here.
Lindsay Coker of Erick, Okla Recognized as a Significant Woman in Oklahoma Agriculture by ODAFF
This past week, Lindsay Coker of Erick, Okla. Was recognized as a Significant Woman in Agriculture by the Oklahoma Dept. of Agriculture. Coker grew up on her family farm where they ran a commercial beef herd and raised wheat and cotton. From a young age, she and her brother worked on the farm with her parents and grandfather.
Coker majored in business with a double minor in accounting and finance at Oklahoma State University. The Saturday after graduating from OSU, she married her best friend, Brian Coker, whom she'd know since the 5th grade. After several years travelling for work and living and raising a family in Houston, the Cokers decided to move to Blanchard, Okla. and eventually rejoined her father working on the family farm after Brian was offered a job nearby.
Today, it is primarily Coker and her father that run the day-to-day operations on the farm. Her mom stays busy with her business selling seed, herbicides, pesticides and fertilizer. Coker loves spending her days with her dad spraying cotton, scouting fields, working cattle, and various other farm tasks, and she takes those opportunities to learn as much as she can from him.
She is confident her children, who will be 5th generation farmers one day, will learn the same skills she did growing up on the farm.
to learn more about Coker's story and what makes her a Significant Woman in Oklahoma Agriculture.
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
China immediately responded to the latest U.S. tariff threat by publishing a list of $60 billion in U.S. imports it will lay tariffs on. That's dependent on whether or not the U.S. follows through on its latest trade threats. Bloomberg says China will levy duties ranging from five percent up to 25 percent on more than 5,000 kinds of U.S. imports if America follows through on its threat of another $200 billion in tariffs.
Beijing will impose five percent tariffs on more than 600 types of U.S. goods, and at the top of the list of the over 5,000 American exports being targeted for new taxes are even more ag products, including more soy products.
Farmers for Free Trade spokesman and Iowa soybean farmer, Scott Henry issued a statement in response.
This latest escalation from China could threaten my livelihood and the livelihoods of other American farmers like me. Our patience is wearing thin."
"What's particularly concerning right now is that China is adjusting to a new normal that locks U.S. soybean farmers like me out of their market," he stated. "While this trade war escalates, they are encouraging domestic planting, looking to alternative feed sources, and ramping up imports from Brazil, Canada, and Russia. The Chinese are leaving American farmers, who for years have reliably supplied their market, on the outside looking in, not just in the short-term, but potentially for decades to come.
As farmers head into a harvest and borrowing season Henry says farmers want to know two things: when will this trade war end and when are we going to get back in the business of opening markets to Made-in-America exports?
At this juncture, he says all eyes are on Washington right now. Click here to read more by jumping to Henry's op-ed piece on the topic.
NCBA Pres. Kevin Kester Talks Trade, Fake Meat, Beef Demand and More with Ron Hays in Denver
While we were in Denver covering the 2018 Cattle Industry Business Meeting this past week, we also had the opportunity to speak with Kevin Kester, the current president of the National Cattlemen's Beef Association. We touched on several topics concerning the US beef industry right now, including in particular the current trade situation - a major point of contention for many in the industry right now.
However, while many have raised the alarm in recent weeks regarding the ongoing trade war and NAFTA negotiations...TPP, etc. Kester's view was somewhat calming from we've been hearing.
Regarding the various ongoing trade discussions, Kester says he believes in this instance the President "in his heart and in his mind," is fighting for the right things that will put Americans on equal footing with other nations as we work to build our international trade relationships.
Kester says that is a fight he can get behind and believes farmers and ranchers should support him in. However, he does recognize the hardship that those in the ag industry are reeling from as a result of this campaign. He says that while we should support the President in this endeavor, he also has led the industry in requesting that whatever the President need do to accomplish this task- that it not be drawn out and taken care of at an expedited pace so that producers need only suffer from these hardships the least amount of time as possible.
In addition, Kester shared his thoughts on other timely topics impacting the industry today- things like the importance of the Checkoff's work and fostering the next generation of leaders for the industry. You can listen to Kester speak on those topics in the original webstory posted to our website last week, by clicking or tapping here.
John Deere Bolsters Its Frontier Tillage and Seeding Lineup with Addition of Several New Implements
John Deere has announced the addition of several new implements that will bolster the brand's Frontier lineup, including cultipackers, three-point shank rippers and overseeders. These are implements commonly used by large-property owners and producers who need smaller-sized equipment to work behind compact, and utility tractors and in small fields.
These implements are compatible with compact and utility tractors ranging from 20 to 125 PTO horsepower and are designed to enhance soil conditions, help slow evaporation and conserve moisture while promoting uniform planting depth, maximum seed-to-soil contact and improve yields. Scott Geier, marketing manager, partnered products for John Deere says, "If you're growing crops, gardening or planting wildlife food plots, Frontier Cultipackers are sized right for your needs."
Available in 4-, 5-, 6 and 7-foot (1.22, 1.52, 1.83 and 2.13 m) wide models, Frontier Ground-Driven Overseeders can be equipped with three seed-box options fitted with fluted seed cups and an agitator for accurate, uniform delivery of turf grass seeds. Each of these Frontier implements is available for ordering through local John Deere dealers. For more information about these and other Frontier implements, click here.
|Our thanks to Midwest Farms Shows, P & K Equipment, 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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