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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
Tuesday, September 4, 2018
Derrell Peel Advises Producers to Start Considering Fall Marketing Plans as Seasonal Lows Approach
As August gets ready to turn into September, there is not a lot of difference noted in the current yearling and stocker market compared to a year ago. The final sale for August a year ago at Oklahoma National Stockyards saw the market coming off of a bullish Cattle on Feed report and farmers had ample moisture to work with in regard to planting wheat pasture. Fast forward to this week and producers are in the midst of a more bearish marketplace, with some moisture across the state broken up by pockets of drought. With calf markets between $3-6 lower and yearling prices mostly steady to maybe a few dollars higher compared to last year, Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says the first thing producers need to keep in mind is the seasonality of cattle markets around this time of year.
"Typically, from where we find ourselves now, we would look for these weaned calf prices to drop to an October low and we are maybe kind of starting that," he said. "So, producers may want to think about whether they're marketing a little bit ahead of that or if they're used to the seasonal pattern and normally weaning by then, selling calves in that October low."
Right now, is also the time of year for producers to be thinking about whether or not they will attempt to establish wheat pasture for grazing. Peel says considerations are still being made as to whether or not there is much potential for wheat pastures in the Southern Great Plains, but generally he says conditions look favorable. As producers make those considerations, Peel adds one to the list for them to think about. He advises markets be closely monitored over the next several weeks to determine what signals are being sent relevant to what kind of market animals, what size in particular, are coming into demand and might offer the best opportunity.
"Sometimes we see some breaks in this fall market that maybe a 550 lb. calf winds up looking more attractive then say a 450 lb. calf from a stocker standpoint," he said. "So, you have to see if that works into your broader management goals and how much weight you intend to put on these animals through the winter."
Listen to Peel offer more advice to producers about their marketing decisions this fall based on his observations of the current market, on last Friday's Beef Buzz - click here.
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.
EPA Refocuses Agency Priorities, Recognizes Stewardship of Beef Producers
According to a statement from the National Cattlemen's Beef Association released late last Friday, Acting Administrator of the Environmental Protection Agency Andrew Wheeler announced he and his team have refocused the agency's priorities to clearly reflect and acknowledge beef producers' environmental stewardship.
This action serves to recognize the EPA's and cattlemen's shared commitment to protecting our nation's natural resources, and the administration's commitment to ensuring that stakeholders and regulators work together to find solutions.
"Cattlemen and cattlewomen take their role as environmental stewards seriously," stated Colin Woodall, NCBA's senior vice president of government affairs. "Now, rather than being the targets of continuous prioritized enforcement, they can finally operate on a level playing field."
Click here to learn more about this breakthrough in the industry's relationship with the current administration.
The inaugural Gold Star Classic - Special Needs Livestock Show, hosted by American Farmers & Ranchers in Chickasha last week, was a resounding success with 19 special needs student participants, mostly from the Grady County area.
The event showcased the tremendous caring nature and generosity of Oklahoma's youth in agriculture. Approximately 80 local 4-H and FFA members provided the livestock and volunteered to pair up with each of the student participants to help them lead their animals through the exhibit ring.
After showing their respective animals,each participant was presented with a medallion, a banner and a stuffed animal. The students also had the opportunity to further interact with livestock in a separate petting farm corral.
Debbie Fancher, special services coordinator and teacher at Alex Public Schools, brought five students to the livestock show. Fancher said the show was a great educational opportunity for her students- one that helps them develop social skills and an important human-animal connection.
Read more about the success of this event and hear what some of the people in attendance had to say about it, by clicking here.
Pecan Council Chair Mike Adams Says He's Enjoying Watching the Seed the Industry Planted Grow
For Texas pecan producer and chairman of the American Pecan Council, Mike Adams, realizing a federal marketing order like the one that launched the APC not long ago, has always been a dream of his- or rather a vision.
"A wise man told me on time that the difference between a dream and a vision was - a vision - you did something about it," he said. "So, I like to think of this as a vision for the pecan industry."
Still in its infancy, the APC is already seeing success and its efforts so far continue to gain momentum. However, Adams told us in a recent conversation that the industry still has to a long way to go to play catch-up with some of the other more established tree-nut industries.
"We've got some catching up to do, but the great thing with pecans is we've got a preferred, healthy, American tree-nut and so we've just got to tell that story," Adams said, and quipped with a pecan-grower's humor. "The best time to plant a tree is 20 years ago and the next best time is today - so, we're planting our tree today."
Hear what all the APC is doing to compete in the marketplace as the upstart in nut world, by clicking here to listen to mine and Adam's complete conversation.
Oklahoma Beef Council Update
For the month of September, the Oklahoma Beef Council is running an online Beef Quality Assurance challenge for all Oklahoma beef producers who receive their national BQA online certification.
Producers will be entered to win prizes including ball caps and four ($100) winners and one grand prize winner of $500.00. Don't wait until last minute, but sign-up today at the BQA website and complete your certification by 9/30/2018 to be entered to win.
| Gordon May Bring Tropical Rainfall to Oklahoma by Late Thursday- Friday
Early Tuesday morning- there is a very impressive line of storms that start in south central Oklahoma and extend north all the way to Canada. Here's the link to the 24 hour rainfall map from the Mesonet where you see over two inches since this storm developed in Ardmore- an inch and a half reported in Madill as well as in the OKC metro in Norman and Spencer
As you read this- it's expected that Tropical Storm Gordon will become Hurricane Gordon shortly- and that landfall around the mouth of the Mississippi or slightly east will happen this afternoon. Here's that early AM Track for Gordon
The remains of Gordon could be setting on Ft. Smith by Thursday evening- and the current rainfall plus Gordon show the potential for a lot of rain by the end of this coming weekend:
Our state Climatologist Gary McManus writes about this as another nail in the coffin for the current Drought in the state- click or tap here for our story on his latest Mesonet Ticker- His seven day map provides more rain in the southwestern parts of Oklahoma- this seven day above gives us smaller amounts of rain in the southwest- but other drier areas in the state will be drenched.
For wheat and canola producers- the question is now- when do we dry out enough to plant- the rainfall map above takes us to the front end of the 2019 Winter Canola planting window.
Hope Pjesky of Goltry, Okla. was named last week a Significant Woman in Oklahoma Agriculture by the Oklahoma Department of Agriculture, Food and Forestry. She grew up in the Appalachian Mountains on a farm that has been in her family since the 1770s and raised commercial sheep when she was young before transitioning to cattle when she was older.
Since then, Pjesky has had a unique opportunity to experience agriculture from all over the world, from her own experiences on her family farm in Virginia, to travels in Asia as an Eisenhower Agriculture Fellow, and now hosting farmers from across the globe on her own farm.
Pjesky has been a member of the Farm Foundation Round Table and steering committee, the Oklahoma Agricultural Leadership Program and Advisory Council, the President of Agricultural Leadership of Oklahoma, the Global Farmer Network Board of Directors, and the American Farm Bureau Partners in Agricultural Leadership Program, just to name a few.
Pjesky has the opportunity to speak to groups of farmers from time to time and encourages them to look beyond what is best for their individual farm and instead look at the larger agricultural and food industry across the globe.
Learn more about Pjesky's story and what makes her a Significant Woman in Agriculture, by clicking here to read ODAFF's full profile on her life and impact on Oklahoma Agriculture.
| Sentinel Grower, NAWG President Jimmie Musick Airs Wheat Industry's Relief Package Frustrations
USDA announced details last week on the aid package designed to help farmers hurt by the Trump administrations trade wars.
Of the $12 billion-dollar relief fund, $4.7 billion will be released as aid payments to producers of seven commodities and $1.2 billion will be used to purchase commodities hurt by tariffs. The remainder will be issued later if trade conditions don't improve.
Beginning September 4, wheat will be eligible for .14 cents per bushel, sorghum .86 cents, soybeans $1.65, corn one cent per bushel, cotton six cents a pound, dairy .12 cents per hundredweight and pork eight dollars per head.
Jimmie Musick, a wheat grower from Sentinel, Oklahoma, and president of the National Association of Wheat Growers, says the wheat industry is not happy with those numbers- stating that 14 cents is a far cry from the 75 cents per bushel wheat farmers need to offset the export sales they have lost as a result of the trade war.
Listen to Musick's complete interview with WheatSquared host Don Atkinson about the wheat industry's frustrations with the USDA's trade relief package, by clicking or tapping here.
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