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Let's Check the Markets!
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offered 464 head Wednesday with 0 cattle actually selling. Click here
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sold feeder steers 2.00 to 4.00 higher and feeder heifers 1.00 - 3.00 lower on Wednesday compared to last week's sale - click or tap here
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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
Thursday, August 9, 2018
Market Watcher Brady Sidwell Says Wheat Prices Could Top Current Highs if More Foreign Crops Fail
According to Brady Sidwell, president of Enterprise Grain out of Kremlin, Okla., it is more important than ever to have a working knowledge of the futures market, given the staggering amount of volatility in markets these days and simply the trade environment we find ourselves in today. He had the chance to explain that to the Chairman of the CFTC earlier this week, during a fly-in visit from DC to learn about the ag industry and how it uses the futures market. We also had the chance to speak with Sidwell, who gave us a bit of a breakdown on how the recent rally in wheat markets have occurred.
"It's a weather market at the moment. French and German crops have been lower and they keep adjusting lower. There's also some concern about dryness in Russia impacting their winter wheat," he said, mentioning also some negative speculation on both Canada's and Australia's crops. "All those things are just creating kind of a perfect storm and the wheat market is reacting."
Since mid-July, the price of wheat has risen up over a dollar. Sidwell admits that is an amazing turnaround as it comes during a time when a lot of people thought this market wasn't going to get moving at all any time soon. In fact, if we find ourselves in the right circumstances, Sidwell believes we could even see a breakthrough in the current high.
"Bottom line," he said, "Russia and Canada have been dry, but if they really do get dry as they keep harvesting and find these yields are definitely worse than what they thought - and then down in Australia as well - we could definitely break out of this."
Click here to read more about our visit with Sidwell or listen to our complete conversation for more of his insight into the current wheat market.
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NPPC Requests on Producers' Behalf that North Carolina Judge Lift Lawsuit Related Gag Order
The National Pork Producers Council and the North Carolina Pork Council filed a court brief in support of lifting a judge's gag order related to nuisance lawsuits filed against more than two dozen hog farms. Judge Earl Britt of the Eastern U.S. District Court in North Carolina imposed the gag order in late June, applying it to the lawsuit parties, lawyers, and potential witnesses in the lawsuits brought against Murphy-Brown, a Smithfield Foods subsidiary.
The judge said a "significant increase in trial publicity" and the "volume and scope of prejudicial publicity" around the first two cases could taint future jurors. Both pork organizations filed a brief with the U.S. Circuit Court of Appeals, asking that the Appeals court grant the Murphy-Brown petition to vacate the District Court's prior restraint on free speech.
In the brief, the pork producers say that "all but the most carefully crafted, narrow gag orders are unconstitutional."
They also pointed out that "it's not reasonable to think that any gag order will reduce coverage of the cases or the public's interest in them."
Click here to read more about this latest development in this ongoing story.
NCBA's Colin Woodall Says Fake Meat a Real Threat, Why USDA Should Oversee All Meat Products
One topic of discussion that has seemed to suddenly arise on the beef industry scene is the issue of so called fake meat and which government agency has rightful jurisdiction for regulatory authority over the product. During the 2018 Cattle Industry Summer Business Meeting that took place in Denver last week, we sat down with Colin Woodall, lead lobbyist for the National Cattlemen's Beef Association in its DC office. According to him, this is an issue that needs to be addressed now sooner rather than later.
For beef producers and the industry as a whole, Woodall says the fact of the matter is, if the companies insist that their lab-grown products are from a cellular level the same as natural beef - then their products are susceptible to the same pathogen risks as traditionally produced beef and therefore should be held to the same standards. It is also about creating a level playing field in the industry he says, and protecting that term "beef." Woodall says the industry does not want to end up in a situation like the dairy industry that has been embroiled in a legal fight over competing products qualifying and identifying them as "milk."
The issue at hand is that the Food & Drug Administration has taken action to claim jurisdiction over the product arguing that it is produced from science and innovation. However, the NCBA is challenging that claim, insisting that if the product manufacturers wish to compete in the meat market, they should be treated the same as traditional meat and be overseen by the USDA. Woodall says this would ensure the equitable treatment of both meat and fake meat products - alluding to instances of FDA's relaxed enforcement of plant-based products already under FDA's oversight. While we are still a couple years from actually seeing these products hit the market, Woodall insists the industry must get out in front of the problem before it becomes more of an uphill battle.
"Bottom line for us, we have to ensure that the lab-grown product is regulated and right now it's not," he said. "So, it's a great opportunity for us to work with President Trump and the White House to make sure we get USDA in that loop, because we continue to hear from these lab-grown fake meat companies that they want to operate in the meat space and that their product is from a DNA standpoint exactly like meat. If that's the case then they need to be regulated like meat."
Listen to Woodall and I talk more about this unfolding situation and its importance to producers in the beef industry, on yesterday's Beef Buzz - click here.
Biofuel and Farm Leaders Mark the 13th Anniversary of the Renewable Fuels Standard
Thirteen years ago, as of yesterday, the Renewable Fuel Standard, or RFS, was signed into law. To this day is has continued to support rural jobs, increase energy security and deliver clean, affordable options at the fuel pump. The nation's leading farm and biofuel advocates marked the occasion by calling on Acting Administrator Andrew Wheeler at the EPA to quickly deliver on the president's pledge to uphold the RFS and expand the market for ethanol blends, including E15.
Advocates and supporters of the RFS are being encouraged to register their public comments upholding the RFS to the government before the comment period for the current proposed RFS targets closes on August 17th. Fuels America has created a user-friendly web portal to do just this. Click here to jump to that portal to submit your own comment. Rural leaders also are calling for action on the President's pledge to lift outdated summer regulations against selling E15, a lower-cost ethanol blend that President Trump vowed is "very close" to being available year-round.
According to a release from Fuels American, the RFS has driven unprecedented growth (3.9 billion gallons in 2005, to more than 15.8 billion gallons in 2017), while curbing emissions and increasing U.S. energy security, since it was first enacted in 2005 and expanded in 2007.
Growth Energy CEO Emily Skor stated that, "By expanding the biofuels market, the administration can deliver on its promise to rural America and provide consumers with cleaner, more affordable fuel options all year long. The EPA must act now on the President's pledge to farmers, biofuel workers, and consumers."
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.
Checking in on the Beef Checkoff- How the Checkoff Deals with Critics of Beef and the Beef Industry
This week's episode of our new ongoing conversation,
Checking In on the Beef Checkoff, features our recent visit with Becca McMillan, vice chairman of the Oklahoma Beef Council. McMillan visited with us about how the Beef Checkoff program deals with critics of beef and the cattle industry.
"Every day, your Beef Checkoff Issues Management Team tracks and responds to issues that might detract from the Checkoff's main purpose which is to increase consumer confidence in and the demand for beef," McMillan said. "Having a national issues management team combined with a state-based staff is absolutely crucial to our industry."
From their digital command center, McMillan explains that the issues management team can track any mention of beef, positive or negative, that appears on TV, in newspapers or via social media channels. When appropriate, she says the team can respond to negative comments or assertions about the beef industry or its products. These efforts are funding by Checkoff dollars and help protect beef's reputation and consumer's trust in the product and the producers. Take the famous case of BSE found in the US, also known as the Cow That Stole Christmas, proof of the team's effectiveness. The issues management team was prepared for this event and in fact handled it so well, consumer trust in the US beef industry actually increased from its level prior to the discovery of the BSE case.
For more stories about what your Beef Checkoff is doing or to listen to McMillan and I speak about the importance of the Checkoff's research efforts, click here.
With Fall Calving Season Fast Approaching, Glenn Selk Shares His Tips for Producer Preparedness
In this week's edition of the Cow/Calf Corner newsletter, OSU's Glenn Selk offered some tips to help producers prepare for the fast approaching fall calving season. One tool Selk has consistently promoted to streamline the process of welcoming a new calf into your herd is what he calls a "calving kit." He explained how to put one together for ease of use along with a few suggestions of things to help you get started on your own.
"The 'calving kit' should contain at least the following: disposable obstetrical sleeves, non- irritant antiseptic, lubricant, obstetrical chains (60 inch and/or two 30 inch chains), two obstetrical handles. Mechanical calf pullers should be close to the calving kit. Also have a tincture of iodine solution that can be used to treat navels of newborns shortly after birth. Don't forget the simple things like a good flashlight and extra batteries and some old towels or a roll of paper towels.
"It may be helpful for you to have all these things and other items you may want to include packed into a 5 gallon bucket to make up a 'calving kit' so you can grab everything at once. Place that bucket in a location that can be found and reached by everyone in the operation.
"Also a laminated 'calving protocol' instruction sheet could be posted in the barn or calving shed. Include on this sheet phone numbers of the local large animal veterinarian, and any neighbor or relative that is willing and able to lend a hand if extra help is needed."
For more of Selk's tips on preparing yourself and your operation for fall calving season, click over to our website to read his complete article.
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