|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
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.
1,132 head of cattle on their showlist for the Wednesday,
October 10th sale of finished cattle - click here
to jump to the website.
OKC West sold cows on Monday steady to 3.00 lower and bulls were untested
compared to a week ago - click here for the full report from USDA.
The Oklahoma National Stockyards
reported 5,600 yesterday- and it was lower all the way- Feeder steers and heifers few sales 3.00-5.00 lower. Steer and heifer calves are trading sharply lower mostly 6.00- 8.00 lower, with instances up to 10.00 lower for un-weaned bawling calves- click or tap here for the complete report from USDA Market News.
Joplin Regional Stockyards reported 4,494 head of cattle for their Monday run- Weaned calves were called steady to $5 higher- yearlings steady to firm. Click or tap here for the full market report from Joplin.
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, October 9, 2018
Gov. Mary Fallin Attends Ceremony Celebrating ADM's Completion of Enid Flour Mill Modernization Project
Governor Mary Fallin joined representatives from the Archer Daniels Midland Company Monday to celebrate the opening of the company's modernized flour mill in Enid, Oklahoma.
The modernization project involved a complete retro-fit of ADM's existing mill in Enid, which was built in 1928. ADM replaced the two existing milling units with a single, highly-automated, state-of-the-art unit and will add a new, high-speed packer in Q1 2019 to help more effectively serve customers. The new mill will provide additional capacity to allow ADM to continue to grow its customer base in the region.
The Governor said ADM's investment in the Enid community and Oklahoma's ag industry represents progress for our state's wheat producers and ensures the mill's long-term viability. She remarked also that it is represents her administration's commitment to pro-business policies that have helped to attract and retain a wide variety of jobs and businesses to the state.
"We appreciate ADM's investment in Enid and in this mill," Fallin said. "We're very proud they've chosen to invest and expand this mill to help not only the farmers that are here today, but future generations of farmers as well. I think it will be a big asset to them and hopefully it will expand our state's capacity to export more and build Oklahoma's economy."
For additional information about ADM Milling or to listen to my complete interview with Gov. Fallin, click here.
The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. To learn more, visit www.oklabeef.org.
Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes.
U.S. beef exports set new records in August with export value topping $750 million for the first time, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). August pork exports were fairly steady with last year's volume, but retaliatory duties in key markets continued to pressure pork export value.
August beef exports totaled 119,850 metric tons (mt), up 7 percent from a year ago, valued at $751.7 million - up 11 percent year-over-year and easily exceeding the previous record of $722.1 million reached in May 2018. For January through August, beef exports totaled 899,300 mt, up 9 percent from a year ago, while value climbed 18 percent to $5.51 billion. August exports accounted for 13.2 percent of total beef production, up from 12.5 percent a year ago. Beef export value averaged $320.92 per head of fed slaughter in August, up 11 percent from a year ago. The January-August average was $318.66 per head, up 16 percent. "U.S. beef exports continue to achieve tremendous growth, not only in our mainstay Asian markets but in the Western Hemisphere as well," said USMEF President and CEO Dan Halstrom, adding remarks about pork exports as well. "Pork exports have posted an impressive performance in 2018, but the retaliatory duties are a clearly a significant obstacle." August pork export volume was down 1 percent from last year at 182,372 mt, while export value fell 3 percent to $494.1 million. Pork muscle cuts fared better in August, increasing 5 percent to 148,736 mt, but value still declined 1 percent to $414.7 million. Pork variety meat exports declined sharply in August in both volume (33,636 mt, down 20 percent) and value ($79.4 million, down 15 percent). August exports accounted for 21.9 percent of total pork production, down from 23.1 percent a year ago. Pork export value averaged $44.29 per head slaughtered in August, down 8 percent from a year ago, while the January-August per-head average dropped 1 percent to $53.28. For more highlights or to review the complete January-August export report from USMEF, click here.
In this week's Cow/Calf Corner newsletter, OSU Extension Livestock Market Economist Derrell Peel, breaks down the beef balance sheet to understand and explain the current flow of supply and demand within the beef industry. Keep in mind, while beef production is relatively easier than other commodities to forecast, the balance sheet estimates will change over time as new information becomes available.
According to Peel, citing the current beef balance sheet provided by the Livestock Marketing Information Center, beef total supply for 2018 is projected at 30.763 billion pounds including Beginning Stocks of 649 million pounds; Total Production of 27.102 billion pounds and Imports of 3.012 billion pounds. Beef utilization in 2018 is estimated as: Exports, 3.149 billion pounds; Total Disappearance of 26.824 billion pounds; and Ending Stocks of 790 million pounds. This level of total disappearance is equivalent to domestic per capita beef consumption of 57.2 pounds (retail basis). The balance sheet accounts for all supply among the various demand categories.
Compared to the 2017 beef balance sheet, Peel writes that the projected 2018 values show beginning stocks down by 14.3 percent; total production which includes commercial production plus a minor amount of farm production, up by 3.2 percent; and imports up fractionally by 0.6 percent, all leading to total supply up 2.5 percent year over year. On the demand side, exports are projected up 10.1 percent; total disappearance, up 1.2 percent; and ending stocks up 21.7 percent. Per capita consumption in 2018 is projected to be up 0.5 percent from 2017.
Looking ahead, Peel points to current forecasts for 2019 which include beginning stocks up 21.7 percent year over year; total production up 1.7 percent; and imports down 4.5 percent leading to a total supply up 1.6 percent year over year. Exports are forecast to increase 2.7 percent in 2019; total disappearance is projected to increase 1.5 percent and ending stocks to decrease by 0.6 percent. Per capita consumption in 2019 is forecast to increase to 57.6 pounds, up 0.7 percent year over year.
For Peel's complete analysis of the current beef balance sheet and how it reflects the ebb and flow of supply and demand in the marketplace, click here.
The Oklahoma Dept. of Agriculture, yesterday, issued a statement from the Secretary's Office offering notice that the State Board of Agriculture has suspended the Department's acceptance and processing of registration applications for poultry feeding operations.
The statement indicates that the suspension will remain in place indefinitely until the Board "has had adequate opportunity to analyze the current poultry growth issues in Oklahoma."
This suspension comes at a lull in the flow of applications, which Ag Secretary Jim Reese stated made it an acceptable time to enact the suspension while considerations are made in conjunction with Coordinating Council on poultry growth. With mounting complaints from communities in northeastern Oklahoma regarding the rapid expansion of poultry facilities in the area, Reese stated that the Council will work during this time to determine if a more structured plan can accommodate neighbors, communities, and the poultry industry.
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At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.
In February, members of the American Farmers & Ranchers will elect a new president to lead their organization in the absence of long-time authority, Terry Detrick, who announced recently his plans to retire after 33 years at the helm of AFR. We caught up with Detrick during a reception held in his honor at the Tulsa State Fair this past week.
Detrick talked about how blessed he is to have been given the opportunity to serve these many years during which he says he has met and worked with so many wonderful people. During his tenure, Detrick says his pride and joy of the job has been to watch Oklahoma's youth in agriculture grow up through the organization and become young leaders of the industry engaged today. That enthusiasm was evident at the Tulsa State Fair Livestock Show where Detrick's encouraging presence was felt by all those who competed this year.
"I feel like I've had an opportunity to help raise these young people and we've got the cream of the crop here in Oklahoma," he remarked. "To see this crop of young people we're growing in rural Oklahoma and rural America, it gives me faith in tomorrow."
AFR's annual convention is scheduled for February 15-17, 2019 at the Embassy Suites in Norman, Okla. Read more or listen to Detrick reflect on his career, by clicking here.
Over the weekend, the US Senate confirmed the Hon. Brett Kavanaugh as the newest US Supreme Court Justice. Unfortunately, there have been a couple of cases that were argued this past week before the eight justices of the Supreme Court, that Kavanaugh will not have a chance to weigh in on regarding the government's ability to grab land from private landowners. According to Mary Thomas-Hart, deputy environmental counsel for the National Cattlemen's Beef Association, the outcomes of these cases have the potential to significantly impact cattle producers across the country.
One of the cases argued over the weekend, considered the Williamson County Doctrine, a judicial standard that requires a landowner to go through state court before bringing a "constitutional takings" claim in federal court. While the case is very complex in nature, Thomas-Hart explains that Knick v. Township of Scott brings up the point that most small landowners, like the plaintiff in this case, generally exhaust their resources in litigation before they ever reach federal court. To that point, Thomas-Hart asks if it is reasonable for the federal government to require property owners to litigate their cases in multiple court systems. Speaking on behalf of NCBA, she says no, and submitted a brief in support of the plaintiff's argument.
Another case that was heard by the eight justices, involved the federal government's power to expand Endangered Species Act critical habitat to private property- brought up in Weyerhaeuser v. Fish and Wildlife. The case outlines an incident in 2012 when the federal government designated 1,500 acres of land in Louisiana as critical habitat for a small frog found exclusively in Mississippi, which stifled economic development in the area. Thomas-Hart reiterated that the verdicts of these cases could greatly impact cattle producers nationwide if ever faced with a similar situation. Both cases will only receive the votes of eight Supreme Court Justices, excluding the newly confirmed Justice Kavanaugh. In these instances, a split four/four vote would result in each of the cases being called in favor of the federal government.
You can listen to Thomas-Hart talk more about the details of these cases and the potential impacts they might have on the ag industry, on yesterday's Beef Buzz - click here.
| October 12th Deadline to File Claims in Syngenta Corn Seed Class Action Settlement Approaches
An important reminder for specific stakeholders was posted yesterday by the Claims Administrator of a class action suit against Syngenta. Recent litigation regarding the handling of Syngenta corn seed resulted in a $1.51 billion settlement. Corn farmers, ethanol plants, and grain handling facilities that have a legitimate claim to add to this class action may do so. However, all claims must be submitted before the submission deadline is met this week on Friday, October 12, 2018.
To file a claim, you should go to the settlement's official website, www.CornSeedSettlement.com. Class members can also download claim forms from
this site to print and mail to the Claims Administrator. Hard copy claim forms must be postmarked by the October 12th deadline.
For more information on this class action or to reach the Claims Administrator for help with this process, click over to our website.
|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, Oklahoma Pork Council, 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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