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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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
ended up with over 14,000 head of cattle sold this week- the Wednesday yearling market saw Steers selling fully steady. Click or tap here
for the USDA report on all the yearling and calf trade for the week.
287 head Wednesday with 0 cattle actually selling. Click here to see their complete market results.
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
Thursday, February 28, 2019
Dan Basse, AgResource economist, offered his perspective on today's grain marketplace during the Bayer AgVocacy Forum held prior to the 2019 Commodity Classic happening this week in Orlando. According to him, in order to reverse the current downward market trend, there will need to be a change in the demand driver. From his perspective, he believes there is the potential in the US-China trade deal currently under negotiation to serve as the catalyst for that needed change.
"As I think about the pledge of China to buy $50 billion of US agricultural goods to balance the budget - the deficit if you will - that the US and China have, it's a sizeable amount," he said. "If I try to model that out in terms of what it means for agricultural products... added together, it would be a driver of demand that US agriculture hasn't seen since biofuels."
With net farm incomes roughly cut in half over the last several years, Basse asserts that a change is not only eminent, it is necessary. He believes the market itself is working to facilitate such a change - utilizing low prices to fix low prices. The success of this maneuver though, he contends, weighs heavily on the outcome of the US-China trade talks.
"I think these trade talks with China are extremely important. I'm actually becoming bullish of corn and soybeans and wheat and meat products out of the US and I think it'll be a real shot in the arm for American agriculture," he remarked. "If we don't do the trade deal, it's going to be more of the same which is crop prices rather depressed and farmers suffering because of it."
You can listen to our complete conversation by clicking or tapping over to the original story up on our website.
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.
NCBA Immediate Past President Kevin Kester represented the conventional beef industry on a panel discussion focused on "fake meat" and alternative food development this week, during which he addressed the recent progress made between the USDA and FDA - both agreeing to share jurisdiction over the product's regulatory oversight.
"We've got a gentlemen's agreement between the FDA and USDA on regulatory oversight and the FDA will handle the pre-market ingredients, analysis, etc. USDA will be responsible for the marketing and labeling claims which is good because under USDA rules, all those marketing and labeling claims have to be pre-approved before those products hit the market."
Kester says that the progress made thus far is a good start, but adds that more can be and will be done to protect the image of "beef" and "meat" once further information is available on "fake meat" products, which have yet to make a commercial debut.
"We're kind of in a holding pattern in that aspect of it because these products in the lab are still under research and development and under the cloud of that proprietary information," Kester said. "So, we've got to wait until those processes get more defined and then we can go after the more definitive labeling once we actually know what those products are."
Listen to mine and Kester's full discussion over the FDA's and USDA's relationship in regard to fake meat products and how the term "meat" itself is being redefined in the marketplace, on yesterday's Beef Buzz - click here.
Chairman Peterson Questions Perdue's Ability to Fix Farm Economy Amid Proposed USDA Budget Cuts
Yesterday, Secretary of Agriculture Sonny Perdue testified on the state of the US ag economy in a hearing before the House Ag Committee. During this hearing, Perdue outlined his strategy for implementation of the 2018 Farm Bill that was passed prior to this past Christmas but delayed implementation due to the longest government shutdown in US history.
Before Perdue had the opportunity to lay out his plans and address the economic situation facing rural America, Chairman of the House Ag Committee Collin Peterson and Ranking Member Mike Conaway each took turns to deliver prepared remarks to formally open the meeting.
In his remarks, Peterson was somewhat skeptical if not critical of the Secretary's ability to properly implement the provisions granted by Congress in the new Farm Bill under proposed budget cuts to the USDA by the Trump Administration.
"Mr. Secretary, I look forward to hearing your outlook for the farm economy in the coming year; your take on the implementation of the farm bill; an update on the overall health of the Department; and any other thoughts you'd like to share. Before that, I want to take a second to talk about money," Peterson said.
"Your visits to the Committee over the last two years have come roughly at the same time as the White House's call for billions in cuts to USDA programs. This year is no different. Just this week, the White House called for a 5 percent cut to non-defense spending. While that is concerning on its own, it's compounded by your comments that this number may potentially be as high as 10 percent or higher. That worries a lot of us given the broad range of challenges confronting farmers, ranchers, rural communities and working families."
Conaway also expressed his concerns regarding the situation, but also targeted blame at his Democratic colleagues for not taking more action to strengthen the Farm Bill's safety net provisions.
"Earlier, during consideration of the committee's budget views and estimates letter, I commented on the extremely difficult conditions in farm and ranch country. As I said then, I wish we could have strengthened the farm safety net more in the farm bill - but some folks at the table had other ideas on what to spend money on," Conaway said. "In any event, worsening conditions certainly warrant our close attention."
To read the complete opening remarks of Chairman Peterson or to watch the entire hearing, click here. To read Conaway's full comments, click here.
AND- if you would like to see the full Hearing from Capitol Hill on Wednesday with Secretary Perdue- click on the play button in this video box below:
|Full House Agriculture Committee Hearing with Secretary Perdue on The State of the Rural Economy|
Conservation Leaders from Across the State Convene in Oklahoma City for OACD Annual Convention
Leaders from 85 conservation districts across Oklahoma and over 300 attendees were at the 81st Annual Meeting of the Oklahoma Association of Conservation Districts (OACD) in Oklahoma City this week.
This year's meeting theme, "Charting the Course for Conservation," celebrated the achievements of local conservation districts in Oklahoma and provided tools and resources to help them plan for the future. Names of state award winners and others recognized, can be seen in the full article by clicking or tapping here.
"Those who know the land and its resources provide insight on best management strategies and how they can be applied on other landscapes," OACD president Jimmy Emmons said.
The meeting concluded Tuesday, with a soil health track designed to help farmers and ranchers take the next step toward implementing a soil health system. Notable speakers presented on a variety of soil health topics including sustainable agriculture, biotic farming, furrow irrigation and cover crops.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
| Montana's BigSkyFarmHer Blogger Among Those On Grower Perspective Panel At Bayer AgVocacy Forum
Leading up to the 2019 Commodity Classic, Bayer AgVocacy Forum in Orlando held a session entitled The View from the Farm: Grower Perspectives. One of the panelists was Michelle Erickson-Jones, Grower, Erickson Farm, Gooseneck Land and Cattle Ranch and Blogger, BigSkyFarmHer.
After the session yesterday Michelle talked to Carson about how diversification has been key to their success. That, and being absolutely sure any change to their process is financially feasible.
Even though she's experienced many trial and errors, she is still excited about the transformation of agriculture through agronomic and robotic advances. She recalls once as a child telling her dad she "couldn't wait until tractors drove themselves," and he told her to dream on.
Michelle also shares thoughts on improving the industry as a whole, policy changes, and advice for young farmers. Hear the whole story by clicking or tapping here.
Re-warming Methods For Severely Cold-Stressed Newborn Calves
Bad news on an "artic blast" from the weatherman could put us up a creek during this spring calving season. The few wet newborns born that will undoubtedly com in the coldest hours overnight may become hypothermic or cold stressed.
One old trick, from an Oklahoma rancher, says a warm water bath is the most successful way to revive newborn calves. Scientific data concurs: immersion of hypothermic calves in warm (100 degrees F) water, regained normal body temperature most rapidly and with minimal metabolic effort.
Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, checks further into this research. Click or tap here to read this week's "Cow Calf Corner" article with tips for keeping cold calves alive before and after a warm water bath.
The National Association of State Departments of Agriculture held its winter meeting this week in Virginia. Several new State Secretaries were attending their first meeting of the group- including Oklahoma's new Secretary of Ag- Blayne Arthur. The organization adopted new policies they'd like to see put in place. NASDA is looking for new policies at the federal level encouraging uniformity among states in hemp regulations. For example, a lack of uniformity in field-sampling standards could cause potential problems in hemp crossing state lines. NASDA is asking the Food and Drug Administration to work with states and develop a model regulatory framework to oversee hemp processing, as well as the manufacturing of hemp-based products.
The organization also adopted a policy of asking Congress and President Trump to work together to ensure that the U.S.-Mexico-Canada agreement is successfully ratified and implemented. They want the Section 232 tariffs the Trump Administration imposed on Mexico and Canada removed. Association CEO Barb Glenn says, "To provide certainty for North American farmers and ranchers businesses, urgency must be applied to ratifying USMCA." She says it's also critical that the administration removes the Section 232 tariffs. That way, farmers and ranchers can realize net improvements in market access and the benefits that USMCA was negotiated to provide.
Express Ranches Spring Bull Sale Set for Friday, March First in Yukon- Quartermaster Creek Postponed into March
Express Ranches will be holding their annual Spring Bull Sale tomorrow at 12 Noon at the ranch in Yukon, Oklahoma.
A total of 466 Angus and 54 Hereford Bulls will be offered- and all the information you need to research the entire sale offering can be found on their website-AVAILABLE HERE
You will find a list of links on that front page- including Sale Book, Data Sheets, Videos and more.
It's the 25th Annual Spring Bull Sale- and it looks like it will be a dandy- all the bulls have genomic EPD information and have had a semen check by one of the best Vets in the business- Dr. L D Barker.
BY THE WAY- the folks at Quartermaster Creek were supposed to have had their sale yesterday in Clinton- it has been postponed due to the icy conditions- and a new date has been set- March 13th. Details to come.
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