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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
Friday, August 31, 2018
Russia's frontloaded export sales and a two million bushel increase in the US spring wheat harvest are the culprits behind the most recent declines in the price of wheat- that according to OSU's Kim Anderson in his weekly grain market report on SUNUP this week.
At this point, Anderson is hoping that prices have bottomed out, but says we won't know that for sure until we get our arms around harvest in the Southern Hemisphere. Early reports suggest that Argentina's crop is up approximately 55 million bushels from last year and Australia's is down 54 million, effectively cancelling each other out from a production standpoint.
All indications right now suggest that we will use significantly more than we will produce this year, which means much like this year, 2019 will likely be subject to another shortage of high-protein wheat. Anderson believes if this is true and we enter next year's harvest short on protein, then there will be strong demand for quality wheat, which he says could potentially float prices up to $5.00 to $5.50.
SUNUP is back this week in its normal time slot. Listen to what advice for producers Anderson has this week on how to best navigate the current market tomorrow or Sunday or, by clicking here, to hear it now.
Oklahoma AgCredit supports rural Oklahomans with reliable, consistent credit. Part of the 100 year old Farm Credit System, Oklahoma AgCredit offers variable and fixed interest rates to help you manage your budget.
Talk to a local team who understands agriculture. Talk to Oklahoma AgCredit. Financing rural Oklahoma. Equal housing lender.
This week's Drought Monitor continues to show that drought is shrinking in Oklahoma. Severe drought area has been reduced to only 19 percent, with Exceptional Drought completely eradicated (for now). Successive rainfalls during August have helped to dramatically improve conditions in virtually all regions of the state, though moisture is still needed in both the northeast corner and more so in the southwest.
State Climatologist Gary McManus says more targeted rains and cooler temperatures are the only prescription for these areas. He says some good chances of rain are in the latest 7-day forecast, unfortunately though they will likely only impact the Panhandle and far northwest Oklahoma.
Still, roughly a third of the state remains in at least Moderate Drought conditions with only marginal improvement seen this week. Very little movement is noted across the board percentage wise- other than Exceptional Drought conditions returning to 0 percent from 1.28 last week and Abnormally Dry conditions sliding about 4 points from just under 50 percent last week to 46 percent this week.
For a closer look at this week's Drought Monitor Map, or to review the latest edition of the Mesonet Ticker, click here.
In response to the damaging impact that persistent drought has caused across much of the Southern Great Plains, the USDA is now offering 145 counties in Oklahoma, Texas, Arkansas, Missouri and Kansas emergency assistance loans to help offset producers' hardships.
Ag Secretary Sonny Perdue made the announcement yesterday, designating 50 counties in Oklahoma, Texas and Missouri as primary disaster areas making affected producers eligible for assistance. In addition, 95 contiguous counties are also eligible.
Only one county in Oklahoma falls under the Secretary's Primary designation, Love, and four others including Carter, Jefferson, Marshall and Ottawa are considered contiguous.
FSA will review the loans based on the extent of losses, security available and repayment ability. The deadline to apply for these emergency loans is April 22, 2019.
For more information, including a complete list of eligible counties, click over to our website or contact your local FSA office.
Geneticist Megan Rolf Shares Her Progress on Developing the Next Big EPD for Water Efficiency
Dr. Megan Rolf, is a beef geneticist at Kansas State University. Prior to joining the faculty at K-State, Rolf became involved with a million grant to study water intake for beef cattle and continues her research today with the hope of one day developing an EPD that measures water intake. The hard part, though, has been figuring out how to collect the data she needs to accurately conduct her study. "It looks like we could collect that data within the framework of existing feed intake trials, so the next key is - are there facilities that have the capability to collect that data and are breed associations interested in taking that data and working it into a national cattle evaluation," she said. "If breed associations are interested, we'll continue analyzing our data to look at what other traits might be important to consider along with water intake if we're to select for that trait."Now several years into this project, Rolf is just about to wrap up the data collection phase of her study. She is now beginning to transition into the next phase during which she will start to crunch the numbers and analyze the data to be able to finally draw some conclusions from her work. Once she reaches that point, Rolf can begin to apply that information into a useful form for producers' disposal."One of the things we hope to do is develop a water demand tool (that will help give producers) an idea of how much water their animals might need for a specified time period," she said. "So, if they're hauling water and really trying to manage water resources during a drought, they'll have access to some pretty accurate estimates of how much they might need available at any one time."Listen to Rolf talk about her research on measuring the water requirements in cattle and its correlation to genetics, on yesterday's Beef Buzz - 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.
Scott Alls was recently named Oklahoma state director of Wildlife Services for the U.S. Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS). Alls has served as Oklahoma's assistant state director of USDA APHIS Wildlife Services since 2016.
Alls' involvement with USDA APHIS started in 1997, first in Alabama as a wildlife specialist and then in Mississippi as a district supervisor. In his new position, which will begin Sept. 2nd, Alls will lead 20 federal wildlife specialists, 10 state wildlife specialists, four wildlife biologists and three district supervisors.
"Scott has done a great job these last several months as interim director," said Secretary of Agriculture Jim Reese. "We are glad he will continue to lead USDA/Wildlife Services as we continue to innovate and improve services."
Alls says he looks forward to continuing his working relationship with USDA, ODAFF and the farmers and ranchers of Oklahoma.
Click here to learn more about Alls and his new position.
Sara Place, a senior director with the National Cattlemen's Beef Association (and former Professor in Animal Science at OSU), recently did an interview with the folks at Certified Angus Beef during which she explained why producers need to both think and talk about sustainably,
According to Sara, it's a triple win when producers take an environmentally conscious approach to beef production. "What's good for the environment is good for the consumers....is good for cattlemen," she says.
"Every time producers get more efficient and more productive, from making decisions about reproduction, getting your cows bred back to feed efficiency, that makes us more sustainable," said Place. There's a lot of, what we can say, synergies there between when you get more profitable and you get more efficient, you do a better job of being a cattle caretaker, you're improving sustainability. That's a great story to tell as well, that those things move together, that we're dedicated about getting better."
Sara says consumers need to hear that message in their own "language." She adds that while consumers crave beef, they also need and deserve to know that choosing beef isn't at odds with their values.
Keep reading about why you as a rancher should be engaging your community about sustainable beef production or watch a short video clip featuring Place explain why herself, by clicking here.
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| Woodward Man Caught with Deceased Rancher's Stolen Property Sentenced Five Years of Jail Time
William Eugene Smith, 53 of Woodward, will spend five years in prison after he pleaded no contest to four felony charges involving the burglarized estate of a deceased Ellis County rancher. The charges and subsequent jail time are the results of an investigation led by Texas and Southwestern Cattle Raisers Association (TSCRA) Special Ranger Ben Eggleston.
The case began in June 2017 when a then-unknown suspect or suspects burglarized the estate of the late Donnie Johnson in Ellis County.
Smith was eventually identified as the prime suspect, found in possession of a pickup truck and a gooseneck trailer belonging to the deceased. Investigators were tipped off by an informant of Smith's whereabouts. Smith was arrested on Aug. 18, 2017. On June 21, 2018, Smith entered a plea of no contest on the four charges that stemmed from the investigation. He was sentenced to 15 years in state prison on each count. The sentences are to run concurrently, with all but the first five years to be suspended.
The details of this case can be found on our website in the original release published by TSCRA, by clicking here.
|AND Finally- a Tip of the Hat to That Cowboy in the Corvette!
Our friend Mike Deering and the Missouri Cattlemen's Association have notched a very satisfying win for the livestock industry as they helped push through a new law in that state to deal with fake meat- that law going into effect earlier this week.
The Missouri General Assembly passed Senate Bill 627, sponsored by Senator Brian Munzlinger (R-18), with bipartisan support during the 2018 legislative session. The legislation was later signed by then Governor Eric Greitens. The bill, which went into effect on August 28, 2018, prohibits misrepresenting a product as meat that wasn't derived from harvested livestock or poultry.
The Missouri Cattlemen's Association was a driving force behind the legislation. MCA Executive Vice President Mike Deering said the current definition of meat in Missouri Statutes is: "any edible portion of livestock or poultry carcass or part thereof." He said this definition certainly excludes plant-based or even laboratory grown food products from being considered meat. Now, legislation prevents product marketing from contradicting this definition.
"This legislation didn't change the definition of meat. It simply requires marketing with integrity," said MCA Executive Vice President Mike Deering. "You can't sell a Subaru as a Corvette (I can just see Mike Deering in that Corvette!). You shouldn't be able to sell a product manufactured in a laboratory as something grown by farm and ranch families."
This law is currently facing a legal challenge from The Tofurky Company and The Good Food Institute.
Well Played Missouri Cattlemen...
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