|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 Ron Hays 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.
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
Monday, January 21, 2019
Featured Story: Martin Luther King Day Arrives- Things to Know About This Monday
Martin Luther King Day is being celebrated across the US on this Monday, January 21st- and it is being recognized as a Federal and State and Local Holiday.
All of the Federal Government is off on this Monday- with the parts of the Federal government not impacted by the Partial Government Shutdown will reopen tomorrow morning as usual.
The parts of the Federal Government involved with the Partial Government Shutdown will stay shuttered on Tuesday and the foreseeable future- based on the reaction by Nancy Pelosi to the ideas advanced by President Donald Trump on Saturday afternoon. The Speaker's hatred of the President is one of the drivers of this struggle between the White House and the Congressional Democratic leadership.
One exception to the USDA closures are the County FSA offices that opened last Thursday and Friday- they have one more day of being opened during normal business hours on Tuesday, January 22nd. No one has any idea when they will reopen again after this one final day of being open and available to local farmers and ranchers.
State and most local government offices are closed today in observance of the holiday.
Banks. the Stock Market and the Ag Futures Markets are closed today as well.
The Monday auction markets that we normally follow- the Oklahoma National Stockyards, Joplin, OKC West and the Tulsa Stockyards are all open to sell cattle later this morning.
The Oklahoma National Stockyards, Tulsa Stockyards and Joplin all will have their regular and stocker and feeder auctions- OKC West will be selling cows and bulls as they normally do on Mondays.
One NON Related MLK item to remind you of- TODAY is the final day to register for Commodity Classic at the advanced Discount rate- click or tap here for the Commodity Classic website check out all the details for this huge multi commodity event happening at the end of February in Orlando, Florida.
The Oklahoma Pork Council is a producer organization representing the interests all of pork producers throughout Oklahoma.
Pork Farmers 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.
According to the Federal Reserve's Agricultural Finance Databook, Total non-real estate farm loans were up nearly 8 percent from a year ago during Q4 in 2018, which was the seventh consecutive quarter of annual growth in loan volumes. Driving the increase is a continuation of lending to fund current operating expenses, which reached a historic volume high of more than $10 billion, or 22 percent year over year.
Alongside an expansion in the overall volume of non-real estate farm lending, the size of individual loans also continued to grow - to the largest on record. Meanwhile, as the ag-economy continues to struggle, interest rates on agricultural loans trended higher during 2018. With increased lending needs and higher interest rates combined, the cost of financing continues to rise at a modest pace at roughly $3 to $10 per acre for an average farm operation.
"Despite mounting pressure on the farm sector and limited profit opportunities," a release introducing the report stated, "the value of farm real estate has continued to provide ongoing support and remains a key area to monitor in the coming months if leverage continues to increase."
Click here for more highlights or to review the report in its entirety.
Winter Weather Bogs Down Feedlot Activity- Derrell Peel Analyzes Impact on Markets and Producers
Already winter weather is having an impact on beef cattle and it looks as though more of it coming our way in systems that will soon be rolling through. According to OSU Extension Livestock Market Economist Dr. Derrell Peel, it all adds up over time.
"We've had snow in some areas. We've had cold rain in other areas. It did affect a significant part of cattle feeding country - so the most immediate impacts will be some delays in production. Cattle will not be making weight as fast in this situation," Peel reported. "That will actually help support markets in the short run. This will delay some marketings a little bit as we go forward."
While that might be a bit of good news, it doesn't come without its consequences. Peel says those delays equate to lost production that really cannot be recovered, which in turn raises costs and creates management headaches at the individual level. Those headaches, of course, extend to cow/calf and stocker producers as well.
"Out in the country we have a lot of wet and sloppy conditions that impacting cow/calf and stocker folks," he said, remarking that in this situation producers should increase both the quantity and quality of their feed for cattle. "Cattle needs go up a lot - their feed requirements pretty drastically. So, producers need to be making sure they are adjusting the quality of rations to make sure (their cattle) can deal with this cold, wet weather."
Listen to Peel discuss steps producers can take to help their cattle maintain through the worst of the winter season - plus his insights into the current state of the beef market, on Friday's Beef Buzz - click here.
Peterson Welcomes New and Returning House Agriculture Committee Members for 116th Congress
House Agriculture Committee Chairman Collin Peterson of Minnesota on Friday welcomed the new and returning members of the House Ag Committee for the 116th Congress.
"This is a strong roster for the Ag Committee and I'm looking forward to tackling the challenges that our farmers and ranchers, rural communities and working families face," said Peterson. "We have a good cross-section of the diversity of crops grown in this country and the regions that grow them, as well as great representation of the variety of issues of jurisdiction on the Committee."
For a look at Peterson's original statement, plus a complete list of the Democratic Members of the Committee for the 116th Congress, click here
As Oklahoma's largest John Deere dealer, P&K Equipment is proud to be your local expert source for equipment, parts, and service. As an Oklahoma-based, family-run company, the P&K network consists of 16 locations in Oklahoma, 2 locations in Arkansas, and 9 locations in Iowa. Our Oklahoma and agricultural roots run deep and our history spans over 30 years.
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.
| Activist Watchdog Hannah Thompson-Weeman Exposes Extremists' Strategies, How to Fight Them
We recently caught up with Hannah Thompson-Weeman, vice president of communications for the Animal Agriculture Alliance, who workshopped this last week with farmers and ranchers on animal rights activist behavior and strategies producers can implement to protect themselves and their operations from the activities of extremist groups.
According to her, one strategy activists are utilizing to subvert the ag industry, is to build surreptitious relationships with local law enforcement agencies. It's very alarming to think what messages activists could be spreading about agriculture, knowing what we do about their goals to eliminate animal agriculture entirely.
Another issue that has grown increasingly problematic for producers, is activists gaining employment on farming or ranching operations under false pretenses - or simply trespassing - in order to obtain incriminating video footage or photos for their own propaganda purposes.
For this reason, she insists it is important for producers to have their own conversations with their local officers and provide them with accurate information while also establishing trust and familiarity. During our interview, Thompson-Weeman offered up several such tips for combating the disruptive activities of extremists. You can listen to that full conversation, byclicking or tapping here.
| Oklahoma Legislature Completes Bill Filing Process for the 2019 Legislative Session
The Oklahoma House of Representatives and the Oklahoma State Senate have both finished filing bills Thursday of last week, for the first session of the 57th Legislature. A total of 1,733 House Bills and 21 House Joint Resolutions were filed, while a total of 1,040 Senate Bills and 21 Senate Joint Resolutions were filed.
Last year, the Clerk of the House reported 1,193 House bills and 32 House Joint Resolutions were filed for the 2018 session.
In 2017, a total of 831 Senate bills were filed, along with 46 Senate Joint Resolutions.
The first session of the 57th Legislature will begin Monday, Feb. 4 at noon with the state of the state address from Gov. Kevin Stitt in the House Chamber.
The full text of the House bills filed this year, along with additional information including authors and coauthors, can be found by clicking over to our website.
| Last Chance for Early Bird Registration for No-Till on the Plains Winter Conference
Coming up at the end of the month, January 29 and 30 in Wichita, Kansas - it is the NoTill on the Plains Winter Conference.
This year's conference features another great lineup of soil health and conservation experts with a fully-packed agenda for farmers with every level of no-till experience.
If you haven't signed up to attend already, you still have time before Early Bird Registration closes this Wednesday - which you can do online. Not to worry if you miss the deadline -
on-site registration will also be available during the conference.
To learn more about this event, listen to a recent conversation between our own Carson Horn and event organizer Steve Swaffar - click here.
|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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