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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
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for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Daily Oklahoma Cash Grain Prices
- as last reported by the Oklahoma Dept. of Agriculture on Wednesday, November 21st. (ODAFF did not release a report on Friday)
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
Monday, November 26, 2018
| Featured Story:
The USDA released its Cattle on Feed report for the November 1, 2018 last Wednesday morning. According to OSU's Dr. Derrell Peel this report suggests that the industry is keeping pace fairly well with this market and staying current. Combined, he says these numbers issued by the USDA show that the industry is dealing with larger supplies and larger overall beef production about as well as one could ever expect to. Peel attributes much of this year's ability to stay current to sustained robust demand that has helped to pull product through the market.
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on November 1, 2018. The inventory was 3 percent above November 1, 2017.
Placements in feedlots during October totaled 2.25 million head, 6 percent below 2017. Net placements were 2.18 million head.
Marketings of fed cattle during October totaled 1.89 million head, 5 percent above 2017.
"I think the market will react favorably to the November Cattle on Feed report," Peel said. "Placements in October came in lower than expected and marketings came in a tiny bit higher than expected. It is bullish on sort of both ends in terms of the pre-report expectations. So, the market is going to like this. We're holding the feedlot inventory in check so short-run reaction here should be very positive to this report."
Click here to listen to Peel's complete analysis of these numbers or to view the full report.
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Our own Carson Horn spoke recently to Bayer's Westbred Business Lead Dr. Jeff Koscelny, to discuss the wheat line's growing presence here in Oklahoma. While the product is relatively new to our area, Koscelny says it is catching on as more and more growers are beginning to realize the brand's quality- building its reputation for advanced performance.
Koscelny says the brand has been developed with considerations focused on both quality and yield potential, in addition to a complete disease package to help farmers defend against things we're all too familiar with in these parts like Stripe and Leaf Rust and even Hessian Fly.
"We want our farmers to have good quality in the grain, but we want them to have the best yield they can possibly get, too. So, with the right management practices, our farmers are going to grow bushels that the market wants," he said. "The great thing about our program is that we have access to a broad array of products from all over the country and round the world. We're always looking for new sources of resistance and making sure we are picking the dynamics we need for a specific market."
Listen to Carson's complete conversation with Koscelny to learn more about the Westbred wheat line, by clicking over to our website.
With the recent introduction and spread of African Swine Fever in China, the global pork industry is working closely to stop the highly infectious disease in its tracks and contain the situation. To learn more about the industry's efforts in this matter, we reached out to Executive Director of the Oklahoma Pork Council RoyLee Lindsey, who has just returned from Des Moines where he met with other industry stakeholders talking about this issue and what can be done to control it.
As one of the three big diseases that the pork industry worries about every day, Lindsey says African Swine Fever showing up here in the US is a very real threat, especially now that it spread through most of China- the world's largest pork producing nation. He says if and when we ever get a case of it here, all trade will stop and all of our export markets will close immediately.
Obviously, this would have a significant impact on the domestic market. To limit that impact as much as possible, Lindsey says the industry is attempting to create a cohesive plan of action in the event of an ASF outbreak here. Lindsey and his peers are currently coordinating with local State Veterinarians from Oklahoma, Texas and Kansas to develop a regional plan of action that will outline the initial steps that need to be taken to identify the disease, trace its origins, quarantine it and stop it from spreading.
You can listen to our complete conversation by clicking here to hear Lindsey explain the implications that an ASF outbreak could have on the US pork industry and how he and his colleagues are working to prevent that from happening.
Jara Settles is General Counsel for the Livestock Marketing Association. She has been involved with the LMA's most recent legislative efforts including its work with the Federal Motor Carrier Safety Administration on the United States Department of Transportation's Electronic Logging Device (ELD) Mandate and more specifically, its Hours of Service Rule. She spoke with us recently about how restrictive and burdensome these regulations will be on livestock haulers if fully implemented and what the LMA has been doing to alleviate that impending pressure for its stakeholders.
"Anybody that raises livestock, sells it or eats it should be concerned about it honestly," Settles remarked. "The ELD Mandate has gone into effect for all other haulers in the country other than the livestock haulers. That is very much part and parcel to the work of some of our Congressional champions that have allowed us to 'pump the breaks' (so to speak) on the ELD Mandate."
At this point, Settles says the Mandate has been paused for this fiscal year in regard to livestock haulers. The current appropriations bill being considered right now by the House and Senate has language included that if passed, would extend the exemption for livestock haulers even longer. Settles says she is cautiously optimistic of that happening given the feel of the current situation. Essentially, the ELD itself, is just a device that collects information. While some people see it as being somewhat reminiscent of a tool that "Big Brother" might use, Settles says the main issue with it is the cost component - relatively quite pricey to purchase. The real concern, though, is not the ELD Mandate, but rather the Hours of Service Rule which would limit haulers drive time. This is particularly tricky when you consider the fact that livestock haulers are transporting live animals that by any humane standards, can't and shouldn't be expected to remain loaded on a trailer for more time than what is absolutely necessary. This argument has resonated with lawmakers and through negotiations with LMA and its industry partners have arrived at a solution they think everyone will agree on.
"The most reasonable solution that the LMA and some of our key industry partners has reached is to request just four additional hours of drive time. Four hours isn't a ton, but it helps our drivers," she said. "In exchange for those hours, it would only be the safest drivers allowed to use that exemption. They would require extra training with fatigue management and they'd have to have extra documentation. So, it's give a little, get a little."
Listen to Settles and I discuss the work being done by the LMA to alleviate the burden of new DOT regulations on livestock haulers and the progress that has been made, on today's Beef Buzz - click here.
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The National Corn Growers Association is asking Ag Secretary Sonny Perdue to look at changes in the Market Facilitation Program as the second round of payments draws near. NCGA President Lynn Chrisp wrote a letter to Perdue saying that he's continuing to hear from farmers who are disappointed in how the USDA calculated the first round of payment to farmers. Chrisp said the calculations were too narrow in scope so the agency didn't take into account the real-time impacts of trade disputes on markets.
The NCGA is asking Perdue to include ethanol and Dried Distillers Grains with Solubles (DDGS) into the way the agency calculates trade damages for corn. According to the USDA's own methodology, trade damage to ethanol and DDGS amounted to $254 million, something not taken into account during the first round of payments.
Chrisp is also asking the secretary to allow farmers hit hard by natural disasters to use an alternative to 2018 production numbers for their MFP calculations. If the agency makes that change, it would allow producers suffering from drought, hurricane damage, or other natural disasters to not be penalized twice.
Learn more and read the complete letter for yourself, by clicking or tapping here.
| Animal Scientist Rick Funston of Nebraska Offers His Advice on How to Raise Heifers Economically
Nebraska animal scientist Rick Funston says it's a great time to own cows, but only if you have a competitive cost structure and the right genetics and management to fit today's marketplace.
According to him, the cost of production has gone up, which has forced producers to look at innovative ways of minimizing their expenses without making compromises, especially in the cow-calf sector. For Funston, the answer to this challenge in his operation has been to turn his focus on the development of his replacement females.
"It's a huge financial cost before she produces a calf, a weaned calf or something that can go on in the production system," Funston said. "So, we have to look at low-input development systems so we don't have exorbitant costs for a female that is difficult to get rebred."
Listen to Funston expound on this thought by clicking here to watch a short videoclip of him talking about how to economically develop your heifers.
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Some folks say we may have three more weeks of the Lame Duck Session- others say Congress may give up and quite in about two weeks- if they can fund the government before the December 7th deadline.
In the middle of all that- we wait on getting a farm bill deal.
Jerry Hagstrom reported ahead of the Thanksgiving holiday that
Agriculture Secretary Sonny Perdue and Interior Secretary Ryan Zinke held a conference call on forestry management and said the farm bill needed to include language to help thin forests to deal with devastating wildfires in the west.
Perdue and Zinke told reporters that they want the farm bill to give them management reforms, including for the U.S. Forest Service and Interior Department agencies to have authority to work with local governments and tribes as well as states on fire suppression. Perdue said they also want "categorical exclusions" so that the government can authorize the thinning of trees and the removal of dead and dying trees after a fire.
"We are not talking about clear-cutting," Perdue said.
Noting that the world has been focused on the California fires, Perdue said, "These are disasters we can do something about. We need the authority do that."
Other reports signal that House Ag Committee Chair Mike Conaway- soon to become ranking member Conaway- has thrown in the towel on his SNAP Program Work Requirements- which should clear the way on the Nutrition Title.
Most Washington watchers believe progress must be seen this week- or there may not be enough time to get the detail work done to have the Conference Report approved in both bodies and sent to the White House.
Of course- we heard we had to have a deal before Thanksgiving for the same reason.
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