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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.
255 head of cattle on their showlist for the Wednesday,
December 19th sale of finished cattle - click here
to jump to the website.
The final Yearling and Calf sale of the year at the Oklahoma National Stockyards brought in a lot more cattle compared to a week ago- and Higher Prices- click or tap here to see the full USDA report.
sold slaughter cows 2.00 to 6.00 higher and bulls mostly higher on limited tests Monday compared to the last sale - click or tap here for details.
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, December 18, 2018
| Featured Story: Beef Battalion Fundraiser Delivers Enough Bucks to Feed Thousands of Troops as a Thank You for Their Service
Several members of the All American Beef Battalion were at the Oklahoma National Stockyards on Monday, the final day of the year for the feeder and stocker market. Among those who were at the market was Jon Fort, who has been with the Beef Battalion since the first steak dinner was prepared for members of the military in Olathe, Kansas in 2008.
Fort says in the ten years that the All American Beef Battalion has been on the job, hundreds of thousands of ribeye steak dinners have been served as a thank you for those are in our armed services. He points out that the effort is totally volunteer- no one receives a salary as all funds that are donated go to feed the troops.
Fort told me that he and others from Garden City, Kansas, where the Battalion is based, were excited to be in Oklahoma City as the annual fund raiser of selling and reselling a donated calf at the Oklahoma National Stockyards is easily the largest fundraiser that is done annually for the Battalion.
And it turned out very well. Just over $40,000 was raised inside the sale barn yesterday afternoon- you can watch by jumping over to our Radio Oklahoma Ag Network Facebook page- click or tap here.
We checked with Debbie Wedel with National Livestock yesterday afternoon and she told us the total was approaching $50,000 and that we should have a final total in the next day or so. If you want to donate, you still can- call Debbie at 800-310-0220.
Click or tap here to read more and to listen to our visit with Jon Fort
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 Tulsa City Farm Show.
Up next will be the Oklahoma City's premier spring agricultural and ranching event with returns to the State Fair Park April 4-5-6, 2019.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Oklahoma City Farm Show. To learn more about the Oklahoma City Farm Show, click here.
The Department of Agriculture Monday announced the launch of round two of the trade mitigation payments to farmers. The payments are the second installment of trade aid through the Market Facilitation Program announced earlier this year as the U.S. and China were engaged in a trade war.
The payments assist farmers "suffering from damage due to unjustified trade retaliation by foreign nations," according to USDA. The payments were expected in early December but were then held by the White House Office of Management and Budget as China recently agreed to and began purchases of U.S. ag products.
The first Chinese soybean purchase from the U.S. in six months brought questions on whether there should be a second round of trade aid, which could amount to as much as $6 billion. Ag Secretary Sonny Perdue met with President Trump in the White House late last week, noting that the payments were "a commitment that the president made."
Click here to read the original announcement out yesterday from the USDA.
several industry groups were quick to react to this news. President of the American Farm Bureau Federation Zippy Duvall released a statement welcoming USDA's much needed aid package.
"This latest trade mitigation package announcement will help our farmers and ranchers weather the continuing trade storm," he stated. "We continue to feel price pressure and very real economic damage due to the trade actions other nations have taken against our U.S. farm exports."
American Soybean Association President Davie Stephens, a soybean producer from Clinton, Kentucky, echoed Duvall's remarks, expressing the collective thankfulness of the soy industry for this timely relief.
"Soy growers are very thankful that President Trump understands the need for this payment on the full 2018 production and that the Administration will deliver the second half of the aid as promised," Stephens said. "While it will not make our losses whole, it will certainly help offset the drop in prices we have experienced since China cut off U.S. soybean imports."
Both the National Association of Wheat Growers and the National Cotton Council also said thanks to President Trump in statements released on Monday.
NOT SO HAPPY are the folks at the National Corn Growers Association- they feel like they have been gypped on both the first and second round of the MFP.
Corn Grower President Lynn Chrisp says "One cent per bushel is woefully inadequate to even begin to cover the losses being felt by corn farmers. USDA did not take into account the reality that many of our farmers are facing."
NCGA wanted a LOT more- click or tap here to see their full statement after the USDA released details of this second round of payments.
Derrell Peel Addresses the Continued Strength in Retail Beef Prices Despite the Growing Meat Supply
Despite an ever-increasing supply of red meat on the market, the price of beef has managed to remain relatively strong, according to OSU Extension Livestock Market Economist Dr. Derrell Peel.
In his article published in this week's edition of the Cow/Calf Corner newsletter, Peel outlined the current stats of the beef market.
"November Choice retail beef prices were $5.911/lb., up from $5.840/lb. in October and 1.8 percent above the November 2017 price of $5807/lb. However, the all-fresh beef retail price dropped to $5.603/lb. from the October price of $5.683/lb. The all-fresh price was also down 0.5 percent from the November 2017 price of $5.629/lb. For the year to date, the Choice and all-fresh retail beef prices have averaged 0.2 and 0.7 percent above last year for the same period."
This is certainly in contrast to both the pork and poultry segments which Peels states have declined during the same period.
"Retail pork prices dropped in November to $3.701/lb. from the October level of $3.727/lb. and were down 2.2 percent from the November price of $3.786/lb. price one year ago. So far this year retail pork prices are down 1.1 percent year over year. The retail broiler composite price in November was $1.853/lb. down from $1.889/lb. in October and down 1.0 percent from the November 2017 price of $1.871/lb. For the year to date, retail broiler prices are unchanged from last year. Retail beef prices have remained strong despite increased supplies of beef and other meats. The ratio of retail beef price to broilers and to pork has averaged slightly higher in 2018 compared to 2017."
Get the full scope of beef's influence on the marketplace currently, by clicking here to read Peel's complete article.
|US Grain Council 2018-19 Corn Harvest Quality Report Shows Near Record Yield with Good Quality
The US Grains Council released this week its eight annual Corn Harvest Quality Report for 2018/2019. The report revealed the majority of 2018 corn crop conditions were rated as good or excellent during the growing season, leading to strong plant health, good kernel size and a projected crop of 371.52 million metric tons (14.626 billion bushels), the third-largest crop on record.
The report showed 93.9 percent of tested U.S. corn samples rated at U.S. Grade No. 2 or better; this was largely the result of a warm, wet vegetative period and a moderate pollination and grain-filling period. The drier, moderate temperatures during the second half of the growing season promoted healthy plants, good test weights and low kernel damage. Average test weight of 58.4 pounds per bushel was higher than the five-year average and indicates good kernel filling and maturation. Average 100-kernel weight of 35.07 grams was lower than 2017, but above the five-year average.
USGC Chairman Jim Stitzlein stated that this report "enables buyers to make well-informed decisions and have confidence in the capacity and reliability of the U.S. corn market." This information will be supplemented by a second report, the 2018/2019 Corn Export Cargo Quality Report, scheduled for early 2019, that measures corn quality at export terminals at the point of loading for international shipment.
for more highlights or to read the report in full.
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.
Alltech 2018 Harvest Analysis Indicates High Levels of Mycotoxins Across the US
Harvest samples from across the U.S. submitted to Alltech in 2018 show high levels of mycotoxins. Samples collected across the U.S. include corn grain containing multiple mycotoxins, with an average of 7.0 mycotoxins per sample - more than 3.9 mycotoxins more, on average, than what was seen during the same period in 2017.
Mycotoxins are a concern for livestock producers, as they have toxic properties that impact feed quality as well as animal health and performance. Mycotoxins in U.S. corn silage samples are also showing an increase in occurrence this year, with an average of 6.8 mycotoxins per sample, compared to the 4.6 on average during the same time period last year.
Alltech's Alexandra Weaver says the extreme weather events this year led to the increased mycotoxins.
Click here to read more about mycotoxins in Alltech's report up on our website.
Plains Grains Releases 2018 Wheat Crop Quality Report - Mark Hodges Walks Us Through the Data
During Plains Grains' recent board meeting, we had the chance to speak with the organization's executive director, Mark Hodges, who presented that day the final numbers on the data that had been collected on the quality of the 2018 wheat crop. According to Hodges, he is feeling very good about this crop, based on the numbers in this end of the year report. He says that although there was not nearly as much of a harvest as he would have liked to have seen, what was harvested is of very good quality. In fact, Hodges says this may be one of the finest quality crops Oklahoma has produced in recent years. He attributes that success back to the high-performing varieties that are available through OSU and other breeding programs today.
With this data now compiled, Hodges will begin the process of working with millers and bakers to determine what their needs are in terms of grain characteristics and qualities and will help them identify where to find the right product for them.
Listen to my complete conversation with Hodges to hear about how he markets producers' grain by connecting them to end-user customers and why there needs to be more communication between the different segments of the supply chain, by clicking or tapping here.
Jim Robb of the Livestock Marketing Information Center Breaks Down Latest Beef Trade Numbers
One of the best people to analyze our beef export numbers on a regular basis is Jim Robb of the Livestock Marketing Information Center. He talked recently with us about the latest numbers for October, speaking to both exports and imports.
"These are the official numbers for October, so they are a little bit dated, but they were positive for the beef sector," Robb said. "In terms of imports of beef, that was down for the month of October year-over-year by nearly five percent and the beef exports on a tonnage basis by nearly five percent."
Robb reports that in our top three markets, Japan was up just under 11 percent year-over-year. Exports to Mexico were up three percent year-over-year and exports to South Korea were up 17 percent year-over-year. Total, that equals out to an overall five percent year-over-year increase which Robb says is a bit smaller of a gain then we have had recently. However, he insists this clearly shows the industry is on track for record large beef tonnage exports for the year as well as record export value, too. This is in contrast a bit in comparison to pork and chicken which are up five and four percent for the year respectively.
"So, on balance, this is a positive report - especially for the beef sector. That's definitely encouraging, and the market is holding together very well from the beef demand component, especially at wholesale," he said," which has been a pleasant surprise in 2018."
Listen to Robb and Hays discuss the record setting year the US beef industry has had in 2018, on yesterday's Beef Buzz - click here.
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