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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 here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Daily Oklahoma Cash Grain
Prices- as reported by the Oklahoma Dept. of Agriculture- as reported Thursday afternoon- November 8th.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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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
Friday, November 9, 2018
|Featured Story:Chief Ag Trade Negotiator Gregg Doud Says Right Way to Approach Trade is to Go on Offense
Chief Agricultural Negotiator for the US Trade Representative's Office Gregg Doud appeared at the 2018 National Association of Farm Broadcasters Convention in Kansas City Thursday, to address members of the ag media during a press conference held in conjunction with the meeting. Doud began with prepared remarks regarding President Trump's trade agenda. You can hear Doud's opening comments by clicking on the LISTEN BAR at the bottom of this story.
According to Doud, total ag exports for the year to date are currently up six percent from $102 to $108 billion. "That's not a bad year to date," Doud remarked, adding that the US ag industry is on track for potentially reaching up to $150 billion for the year. "That speaks to the trust people have for US agriculture and the reliability of our products," he said.
Doud says the US is working an offensive strategy presently, taking an aggressive stance on negotiating our way two key markets like the European Union.
"This is going to be an interesting conversation," he said referring to talks with the EU, whose leaders have predicated the possibility of initiating talks on the exclusion of agriculture. "I really appreciate my boss, Ambassador Lighthizer, who has said 'yeah I know you want to talk about automobiles and stuff like that,' but he has made it very clear that ag will be a part of the conversation."
Regarding China, Doud underscored the nation's blatant disregard of appropriate World Trade Organization rules and requirements, insisting that the Administration's action against China are justifiable and necessary.
"The response for China is for them to address this issue," he said. "Hopefully we can begin to have that conversation."
Read more- and you can also listen to about twenty minutes worth of opening remarks from Doud as given at the NAFB meeting in Kansas City Thursday afternoon- click or tap 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.
|Grain Markets Wallowering Around- Kim Anderson Explains All
Dave Deken and Dr. Kim Anderson discussed the latest USDA Supply Demand numbers released on Thursday morning as they recorded the SUNUP segment for SUNUP that will be seen this weekend- and Anderson sees little information from the reports- calling the bottom line of the information coming from Uncle Sam as "mildly negative" for the markets.
Dr. Anderson says the wheat markets are stuck at current levels for now- "the weak export market- we just don't have the export demand we have had in the past" and says that the current wheat market is "wallowering around between $4.85 and $5.20 right now"- referencing current Decemebt Kansas City wheat futures.
He adds that corn and wheat prices are "divorced right now" says that the two grains are not moving in tandem at this time- corn having some positives in the market to trade off on- while wheat has little positive news to help it move higher- at least for right now.
You can hear the SUNUP segment with Dr. Anderson right now or wait til the weekend- to hear his comments now- click or tap here.
And- you can review all the segments for this weekend's SUNUP show from OSU in that webstory as well.
|Collin Peterson Upbeat on Chances of Farm Bill Deal
The likely incoming Chair of the House Agriculture Committee says farmers and ranchers can expect a new farm bill before the end of 2018. Collin Peterson, the current Ranking Member, says that farm bill negotiators are getting "relatively close" to an agreement on a final measure that Congress could pass during the lame-duck session.
Various ag industry groups fear that starting a new farm bill development process in 2019 would mean a number of amendments that wouldn't be beneficial to the industry. Politico says the commodity title isn't settled yet but there are a number of options that negotiators can consider. The nutrition title appears to still be a sticking point as President Donald Trump issued what amounted to a potential veto threat for any bill that doesn't have stricter work requirements for SNAP participants.
During a post-election press conference, Trump says, "We could have a very fast bill without the work rules but we want those work rules included." Politico also says there is a possibility Democrats may look deeper into Ag Secretary Sonny Perdue's plans to relocate the Economic Research Service and the National Institute of Food and Agriculture.
The Oklahoma Pork Council is a producer organization representing the interests all of pork producers throughout Oklahoma.
Pork Famers in Oklahoma recognize our obligation to build and maintain the trust of customers and the public in our products and our practices. To promote confidence in what we do and how we do it, we affirm the following ethical principles: food safety, animal Safety, environment, public health, employee care and the communities in which we operate.
Click here to learn more about the Oklahoma Pork Council.
|NCBA Lobbyist Colin Woodall Sees Action in the Lame Duck on the 2018 Farm Bill
I caught up with the Senior Vice President for Government Affairs for the National Cattlemen's Beef Association, Colin Woodall, in Kansas City at the National Association of Farm Boradcasting's annual meeting- and talked a variety of issues with the veteran lobbyist who represents cattle producers inside the Washington beltway.
Woodall offered his insights on the midterm elections, which saw the GOP pick up seats in the US Senate while the Democrats have gained control of the US House of Representatives for the second half of the first term of the Trump Presidency.
Woodall believes those results from Tuesday night will frame the likely outcome of any lame duck work on the 2018 Farm Bill- and he remains hopeful that the Big Four Negotiators will be able to come together and pull off a final deal for Congress to vote on before Christmas.
Woodall told me that he believes Democrat Collin Peterson when he says that he wants the conclusion of the farm bill process this year- before he likely becomes the Chairman once again of the House Ag Committee. Woodall says that if no farm bill deal is finalized- it could mean that Peterson will have to use much of the next two years as Chairman to pull together a revised version of farm policy- while he could move on if the bill is completed and signed into law with a fresh "to do" list in 2019, which will likely be oversight of the Trump Administration's implementation of Farm Policy and more.
Read more- and listen to our visit with Colin Woodall in our latest Beef Buzz- click or tap here .
|Seminar Set to Assist Agricultural Producers with New Tax Laws, Managing Taxable Income
Congress passed a new tax law in December 2017 that will impact all business entities and people who file a tax return for the 2018 tax year.
The Noble Research Institute will provide farmers, ranchers and landowners with the latest tax preparation information during a Managing Taxes Seminar from 1-5 p.m. Thursday, Nov. 29, 2018, at the Noble Research Institute's Kruse Auditorium.
During the seminar, Noble Research Institute agricultural economists and Doug Dean, CPA, will provide information, tips and advice:
* New legislation
* Income and expense issues in agriculture
* Tax changes
* End-of-year planning strategies.
Learn more about the seminar by clicking or tapping here.
|Big Changes Ahead for State Level Ag Secretaries- Perhaps Including that Position in Oklahoma
The National Association of State Departments of Agriculture says the faces of agriculture at the state level may be changing. Following the election results on Tuesday, the possibility exists that as many as 21 of the nation's agriculture commissioners may change. There is a total of 54 state agricultural officials who belong to NASDA. Those include elected and appointed commissioners, secretaries and directors of the departments of agriculture in all 50 states and four U.S. territories. Included in the total of 54 members, 12 are in elected positions while the other 42 are in positions appointed by their state's governor.
New commissioners were elected to office on Tuesday in Alabama, Florida, and Iowa. Eighteen states elected new governors, including eight new governors who represent a change in the political party of their predecessors. Those new eight governors will appoint a new chief agriculture official. Democrats are now governors in Illinois, Kansas, Maine, Michigan, Nevada, New Mexico, and Wisconsin. The governorship in Alaska switched to a Republican.
In an additional ten states, including Oklahoma, the new governors are members of the same party as their predecessors, so they may choose new chief ag officials or could opt to keep the current officials already in place.
In Oklahoma- Republican Kevin Stitt has been elected Governor to succeed Mary Fallin- it's not known if Stitt will choose a new state Secretary of Ag that will oversee the Department of Ag- or if he will ask Jim Reese to stay on. It's also not certain if Reese would accept that if offered.
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|Four Out of Five Candidates Supported by OkAgFund Elected This Week
The OKAgFund, Oklahoma Farm Bureau's political action committee, achieved an 84 percent success rate in supporting candidates who were successful in the Nov. 6 general election.
The committee was 100 percent successful in backing statewide candidates who were elected including Gov.-elect Kevin Stitt, Lt. Gov.-elect Matt Pinnell and Attorney General Mike Hunter.
"We are excited about the opportunity to work with new Gov. Kevin Stitt and Lt. Gov. Matt Pinnell," said Rodd Moesel, OKFB president. "These bright, capable new leaders have proven already that they are good listeners and are very interested in rural Oklahoma. We hope to work with them as they solidify their visions and develop their plan of action for our great state. We believe they will work to understand the needs of agriculture and rural Oklahoma and work with us to grow all of Oklahoma."
In the 2018 election season, the OKAgFund gave $132,750 to support a total of 114 candidates.
To see the full list of candidates supported by the Farm Bureau PAC that were successful- click or tap here.
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