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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, December 14, 2018
ICYMI - Oklahoma National Stockyards Hosts Eighth Annual Fund Raiser for All American Beef Battalion December 17th
ICYMI - The National Livestock Companies are pleased to announce their support, once again, for the All American Beef Battalion.
On Monday, December 17th, the Oklahoma National Stockyards will auction a calf for the benefit of the All American Beef Battalion. The sale will take place at approximately 11:00 a.m. in the sale arena of the Stockyards.
This is the 8th year for the National Livestock companies to be involved in supporting the All American Beef Battalion. With the 2017 auction bringing in more than $60,000, contributors to this event have raised over $379,000 from the annual auction of a donated calf.
Anyone may support this effort by calling 800-310-0220 and speaking with Debbie Wedel. If you are unable to attend but would still like to support the cause, you can call Debbie for your proxy bid or you may also visit the All American Beef Battalion web site (www.steaksfortroops.com) and make your donation by PayPal.
National Livestock will invoice bidders and contributors and will forward all funds to the All American Beef Battalion. All checks should be made payable to the All American Beef Battalion.
For more on this upcoming fundraiser- click or tap here.
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We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
Governor-elect Kevin Stitt's
transition team announced yesterday, that one of Oklahoma agriculture's familiar faces, Blayne Arthur
, would be nominated to serve as the state's next Secretary of Agriculture. Based on the reactions from industry leaders, Stitt's choice seems to be a popular one. The announcement included several of those reactions from state and national leaders. Below are a few of those for you to review at your convenience. To review the complete list of reactions, click here
to jump to the original announcement from Stitt's office.
"I am pleased to endorse Blayne Arthur as Oklahoma's next Secretary of Agriculture. She has proven to be a powerhouse in the agriculture industry, benefiting the state of Oklahoma through her passion and extensive experience. As we move into the new legislative session, we look forward to fostering a positive relationship and working with Blayne on Agriculture policy in order to improve and grow Oklahoma together."
- Speaker Charles McCall, Oklahoma Speaker of the House
"I have known Ms. Blayne Arthur for almost ten years in her role as Deputy Commissioner and then as Executive Director of 4-H. Due to her prior work experiences, Ms. Arthur already has established a national reputation for representing the best interests of Oklahoma's farmers and farm community. Ms. Arthur brings a personal passion as a solid advocate for her state's agriculture industry. As the incoming Secretary of Agriculture, she will, like her peers across other state's Departments of Agriculture, play a critical role in her state's ongoing partnership with USDA to advance sound public policy as well as innovative solutions for the economic development of rural America."
- Ray A. Starling, chief of staff to United States Secretary of Agriculture Sonny Perdue, USDA
"Blayne is a remarkable person. She has integrity. It is rare to find someone as credible and knowledgeable as Blayne is. That's not just me talking. If you go around the state you will find people all around who support her. She has a desire to serve people, a desire to make things better, a desire to improve things in rural Oklahoma, and a desire to further Oklahoma's agriculture and food industries."
- Dr. Thomas Coon, vice president, dean and director of the Oklahoma State University Division of Agricultural Sciences and Natural Resources
"Oklahoma Farm Bureau is excited to support Blayne Arthur selection as the new Secretary of Agriculture. She is well known and already proven in agriculture circles due to her prior service as Deputy Commissioner of the Oklahoma Department of Agriculture, Food, and Forestry and her current service as the executive director of 4-H. She has already been very accessible, is a good listener and will be a champion for agriculture in rural Oklahoma."
- Rodd Moesel, president of the Oklahoma Farm Bureau
"I have worked with Blayne Arthur for quite some time and I have never seen her be anything but excellent at what she attempted to do, and I look forward to working with her in the role of Secretary of Agriculture."
- Terry Detrick, president American Farmers & Ranchers
"Governor elect Stitt has selected an outstanding candidate in Blayne Arthur to lead the Oklahoma Department of Agriculture, Food and Forestry as Secretary. Secretary nominee Arthur brings a wealth of experience, solid leadership and a tremendous passion for the success of Oklahoma agriculture. Oklahoma agriculture has been and will be benefitted greatly from her leadership. OCA is honored to fully endorse Secretary nominee Arthur and we look forward to working with her."
- Weston Givens, president of Oklahoma Cattlemen's Association
"Congratulations to Governor-elect Stitt on his outstanding choice for Secretary of Agriculture, BlayneArthur. She will do a fantastic job on behalf of all of Oklahoma's agriculture interests. I and my organizations certainly look forward to working with her in her new position. Governor-elect Stitt could not have made a better choice."
- Joe Neal Hampton, president and CEO of the Oklahoma Grain and Feed Association and Oklahoma Agribusiness Retailers Association, and executive director of the Oklahoma Wheat Growers Association
"Mrs. Arthur has demonstrated a passion for agriculture and we know she'll bring that passion every day. She has an understanding of all the services provided by the Department of Agriculture, Food and Forestry and the role of the Department in promoting agriculture and growing our rural economy. We look forward to working with Secretary Designate Arthur and Governor-Elect Stitt in the future."
- Roy Lee Lindsey, executive director at Oklahoma Pork Council
Kim Anderson Shares What the Latest WASDE Report Means for the Price of Wheat in Oklahoma
Earlier this week, the United States Department of Agriculture released its latest World Agriculture Supply & Demand Estimates Report (WASDE). During this week's episode of SUNUP, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson breaks down that report and the impact it will have on markets moving forward.
According to him, the report contained both good and bad news for US producers. The bad news, Anderson says, is that HRW exports for the US are going to be lower than they were earlier projected. But, the good news is that Russia will soon run out of exportable wheat, forcing Russia out of the 2019-20 marketing year.
With the global market using more wheat than what was produced this year, Anderson says their will be significant demand for high-quality wheat come June 1st. If US producers can deliver on that, Anderson says we will be able to command a favorable price.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now and find out what else is on the lineup for this week's episode by clicking here.
This week has been better for calf and yearling prices, but last week was simply brutal for producers at the market. Jim Robb of the Livestock Marketing Information Center says there are some things out there gong on that have had an impact on these calf and yearling prices. Basically, he says, these forces finally caught up with trade this past week.
"Some of this is seasonal on the calf market. Across the US and the winter livestock auction, we were down $2 to $5 per cwt on most of the steer calves. In some of the yearling markets, we were off a little bit more. That's a reflection I think in the short term of very muddy feedlot conditions," Robb said. "If we look back into early fall, it seems like some region of the US cattle feeding area... we've just had a sequence of muddy feedyards - and that's come to bare."
In addition to Mother Nature's influence on the markets, Robb says there are also some fundamental economic factors at play as well. According to Robb, cattle feeding returns for 2018 have really only had one positive month during the year, when considering total economic costs. He says all that red ink, coupled with the unfavorable weather events, has simply taken some air out of calf and yearling market and put pressure on prices. Despite these pressures, though, Robb says beef demand has held up fairly well in the marketplace, which he expects will help to offset things enough to keep markets moving at least in a sideways pattern through the winter months as the industry looks toward that renewed spring demand. Right now, he says the market seems to be correcting itself and bringing all that red ink back closer to breakeven levels. Robb adds that there is of course always the potential to see things shake out even better than expectations would lead you to believe.
"That doesn't mean that as we get into early 2019, we can't push up the fed cattle market," he said. "That often happens, but we do tend to mark time as we get close to this holiday season and the cattle in the meat markets and then we look ahead to 2019 in terms of our demand profile."
Listen to Jim Robb offer more of his insight into the current state of cattle and beef markets, on yesterday's Beef Buzz - click here.
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
Abnormally Dry Conditions Creeping Back into Oklahoma, Jumping Up to 27% From 8% Compared to Just One Month Ago
According to the latest report from State Climatologist Gary McManus, over the past 60+ days, Oklahoma has started to dry out. The areas affected most at this point include the far southeastern part of the state and especially the northeastern corner of Oklahoma. Rain deficits across the northeast go back well over a year, which has led to an expansion of Abnormally Dry (D0) and Moderate Drought (D1) across the northeastern quarter of the state on the new U.S. Drought Monitor.
McManus says this drought area is starting to bleed over into northwestern Oklahoma. In the latest Drought Monitor, the area in D0-D1 has increased from 8% of the state a month ago to 27%. The Moderate Drought category stood at just 2% a month ago- now it covers 5% of Oklahoma- all north of I-40 and east of I-35.
For a closer look at this week's Drought Monitor or to review the latest Mesonet Ticker out from McManus, click here.
Oklahoma Senator Jim Inhofe Applauds Farm Bill Passage - Touts Efforts to Improve Bill's Disaster Programs
Now that both Chambers of Congress have passed the 2018 Farm Bill, the next step in the process to officially make the legislation the law of the land is for President Donald Trump to affix his signature to it. As the nation awaits that moment, we reached out to Oklahoma's Senior Senator Jim Inhofe for his take on the Farm Bill and its provisions.
Inhofe says that while maybe not to the extent that Chairman Conaway would have liked, the Farm Bill did pass with some strengthening to the SNAP program - but only because some Republicans 'held the Democrats' feet to the fire,' Inhofe remarked.
Specifically, Inhofe says he is proud of the provisions he was able to successfully fold into the legislation. These provisions, he says, come as a direct result of the lessons learned after the recent wildfire events across Oklahoma that so heavily affected producers in and around our state.
These provisions will allow CRP land to be grazed in the event of a catastrophic emergency. In addition, a new loan program that will encourage young and beginning farmers and ranchers to stay or get engaged in the ag industry, is also part of the new Farm Bill, something the Senator says he is very glad to see included.
Listen to Senator Inhofe speak more on this topic and others with me, by clicking over to our website.
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China is officially buying U.S. soybeans again, which is good news for American agriculture. This week's purchase amount was one for the record books. A Farm Journal report says the latest U.S. Soybean Export Sales Report from USDA shows that China bought 1,130,000 metric tons of soybeans. To give that amount some perspective, it's the ninth-largest one-day purchase in ten years. It's also the biggest Chinese soybean buy in the four years. It's also the biggest soybean buy of this year, so far.
President Trump told Reuters that, "They're buying tremendous amounts of soybeans. They're definitely back in the market." Reuters says it seems to affirm the trade truce that the U.S. and China reached on December 1st. We still don't know if China's retaliatory tariffs on U.S. soybeans and other farm goods will be dropped as a part of the temporary truce.
There's also no word on whether or not the countries can resolve the longer-term disputes, including forced technology transfers and intellectual property theft within 90 days. That's when President Trump said additional tariffs will go into effect and the trade war will resume
Davie Stephens, ASA President and a grower from Clinton, Ky., says that while this news is encouraging, soybean growers still need help, citing the dramatic decline in soybean prices since this past May. ASA is now urging the USDA to honor its commitment by providing the second Market Facilitation Program payment to aid soybeans farmers as the Administration continues to negotiate eliminating tariffs with China.
"It is critical for Secretary Perdue to move forward with his commitment to announce the second half of Market Facilitation Program payments. When USDA calculated the harm incurred by the tariffs on soybean prices, it assumed that China would still purchase at least 50 percent of the 32 million tons of U.S. soybeans it bought in 2017. With only a fraction of this amount accounted for in this week's announced sale, it is critically important that we see additional purchases and actual deliveries, and for USDA to make a payment on the second half of 2018 soybean production," Stephens said.
Click here to read more about this situation on our website.
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