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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
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, March 4, 2019
| Featured Story: Sec Perdue's Mission Per The Trump Administration Is To Quote "Take care of our farmers"
United States Secretary of Agriculture Sonny Perdue addressed farmers from across the country gathered in Orlando, last week at the 2019 Commodity Classic. Perdue complimented his audience, calling farmers smart people, but nonetheless impatient at times - always asking of their politicians what they have done for them today and what will they do for them tomorrow.
Perdue says that agricultural trade is high on President Trump's priority list, quoting him directly in saying, "Sonny, I want you to take care of our farmers."
The Secretary singled out Sentinel, Okla. wheat farmer and President of the National Association of Wheat Growers Jimmie Musick, who had made some very frank remarks earlier in the session, which Perdue said were truly reflective of the current attitude of most farmers across the country -tired of the constant attacks on the rural way of life- and proud to be called Americans and to call on the Almighty for help in their daily life.
According to Perdue, the President's affinity for farmers was made evident in his direction to allow the USDA to engage in trade mitigation and inject profitability into the industry that suffered the brunt of the recent trade retaliations against the US.
Click or tap here to listen to Secretary Perdue's entire remarks from the 2019 Commodity Classic on Trump Administration Promises regarding trade, implementing the FarmBill, pressure on the USDA, new Environmental Protection Agency Administrator Andrew Wheeler, and more.
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USDA released the January first 2019 Cattle Inventory numbers on the final day of February- one month later than originally planned due to the partial government shutdown- and with an extra 28 days to consider what the numbers might tell the cattle industry- it appears that they came in about as anticipated. So says Oklahoma State University Extension Livestock Specialist Dr. Derrell Peel, who sees no big surprises in the report that came out on Thursday afternoon.
According to the USDA, all cattle and calves in the United States as of January 1, 2019 totaled 94.8 million head, slightly above the 94.3 million head on January 1, 2018. All cows and heifers that have calved, at 41.1 million head, were 1 percent above the 40.9 million head on January 1, 2018.
Cattle and calves on feed for the slaughter market in the United States for all feedlots totaled 14.4 million head on January 1, 2019. The inventory is up 2 percent from the January 1, 2018 total of 14.1 million head. Cattle on feed in feedlots with capacity of 1,000 or more head accounted for 81.3 percent of the total cattle on feed on January 1, 2019, up slightly from the previous year.
The combined total of calves under 500 pounds and other heifers and steers over 500 pounds (outside of feedlots) is 26.4 million head. This is 1 percent above January 1, 2018. Calf Crop Up 2 Percent The 2018 calf crop in the United States was estimated at 36.4 million head, up 2 percent from last year's calf crop. Calves born during the first half of 2018 were estimated at 26.6 million head, up 3 percent from the first half of 2017. Calves born during the second half of 2018 were estimated at 9.80 million head, 27 percent of the total 2018 calf crop.
For a complete breakdown of the numbers in this report and for Peel's full analysis of the data released this past week by USDA, click here
US Commodity Groups Align in Support Behind USMCA Trade Agreement to Pressure Congress for Ratification
The National Corn Growers Association, American Soybean Association, the National Association of Wheat Growers, and the National Sorghum Producers announced their collective support for the U.S.-Mexico-Canada Trade Agreement.
The announcement came as the organizations took part in the Commodity Classic, held in Orlando, Florida. The groups say Mexico and Canada account for 25 percent of all U.S. agriculture exports and the USMCA preserves and builds upon the existing trading relationships between the U.S., Canada, and Mexico.
Members of all four organizations will be advocating members of Congress to ratify the agreement this year. They'll also be urging the administration to keep the current NAFTA agreement in place until the new one is ratified.
NCGA President Lynn Chrisp says, "Mexico and Canada are the corn industry's largest, most reliable market. In fact, Mexico is U.S. corn's number one buyer."
Davie Stephens, ASA president, says, "Passage of USMCA would boost both national and rural economies, and for soybeans, it would ensure tariff-free access to two strong markets."
Wheat Growers President Jimmie Musick says, "USMCA will include tariff-free access to imported U.S. wheat for our long-time flour milling customers in Mexico."
Click here to read the complete release on our website.
| Sorghum Industry Slowly But Surely Making Comeback From Last Spring's Challenges
National Sorghum Producers CEO Tim Lust held a news conference Friday at the 2019 Commodity Classic, afterward he shared some of the bright spots he is seeing within the sorghum industry with our Associate Farm Director Carson Horn.
The White House, USTR, and sorghum farmers are in a positive place compared to the situation they were in last spring during the international trade case sorghum suffered through with China in 2018.
"The European Union is really stepping up and taking quite a bit of our product. Led by Spain, but even Italy came into the market last week," Lust said. "Saudi Arabia was a tremendous buyer of some of the boats when we had them diverted back from China last year as well."
Terrible droughts are hurting growers in Australia, much like the ones we went through in Oklahoma a few years back. Fortunate for the US, this has increased opportunities to export in Australia and could allow us to work into China.
Click or tap here to hear Tim's chat with Carson on the anti-dumping case with China, trade deals, NSP's new website, plus the sorghum industry's perspective on the new Farm Bill.
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Vegan Presidential Candidate Cory Booker Vows to 'Stick a Fork' in Meat Lovers' Diet if Elected
New Jersey Democratic Senator and 2020 Presidential hopeful Cory Booker, revealed explicitly in a recent interview with VegNews, just how strongly his feelings are against meat and the people that eat and produce it. The original article includes Booker's thoughts on animal rights, veganism and how he intends to change traditional eating habits for a world that he contends "can't sustain" people eating meat.
Booker, a self-professed vegan since 2014, says he'd like everyone to embrace his chosen diet because he believes the world can't keep providing enough beef and pork to satisfy meat cravings. Furthermore, he believes "cramming too many pigs into barns is harmful and violates our collective values as a country."
"The tragic reality is this planet simply can't sustain billions of people consuming industrially produced animal agriculture because of environmental impact," Booker said. "It's just not possible, as China, as Africa move toward consuming meat the same way America does because we just don't have enough land."
Legislatively, Booker says he will continue to "be a part of a movement of folk who are fighting against corporate interests that are undermining the public good and the public welfare," adding that he will also continue "supporting bills that are about public health, whether it is pumping in all these antibiotics into animals that are literally threatening the safety of Americans."
Click here to jump to our website for more details on Sen. Booker's disturbing views on protein inclusive diets and his intentions to reform global eating habits.
|The TPP Effect Has Arrived- Sorta- as Japan Releases Details of January Beef Imports
It's a little hard to know what the numbers are really saying with one month's worth of data to consider- but it appears that the four beef exporting countries that are in TPP are taking advantage of the eleven point difference in tariff rates they enjoy for now in Japan versus US Beef.
The numbers come from the Nikkei Asian Review that reports "Beef producers in the 11-nation Trans-Pacific Partnership trade agreement enjoyed a surge in sales to Japan in January, as ranchers benefited from lower tariffs than their U.S. competitors.
"Beef imports from Australia, Canada, New Zealand and Mexico, all of which have approved the trade pact, surged to 33,000 metric tons in January, up 56% from the previous year, according to Japan's Finance Ministry. The tariff rate for these countries dropped to 27.5% from 38.5% after the agreement took effect."
A Japanese minister added this insight into the one month jump- saying that it appears that main cause of the jump was Japanese importers pushing some December purchases back to January. So- the surge is worrisome, but some a few more months will have to be seen before we know how much share US Beef may be losing because of the TPP.
Trump Administration officials have signaled that a bi lateral deal with Japan is at the top of their "to do" list once USMCA is ratified and a China deal is done.
Trade experts were telling me back in New Orleans at the Cattle Industry Convention that Japan is okay with giving US beef producers the same tariff deal that other countries in a bi-lateral with the US, once that deal is complete.
|Cotton Producers Have Crop Insurance Options for the 2019 Crop Year
Plains Cotton Growers, Inc., has developed a new resource for cotton producers currently evaluating crop insurance options for 2019. With the addition of Seed Cotton as a Title One covered commodity starting in 2018 and continuing under the 2018 Farm Bill, cotton producers throughout the United States have a new dynamic to consider when determining how to structure their risk management portfolios beginning with the 2019 crop year.
A major part of this process, which involves evaluating the potential integration of multiple coverage enhancing options available through the federal crop insurance program, is the decision between the Stacked Income Protection Plan (STAX) or the Supplemental Coverage Option (SCO). PCG's new resource focuses on this decision.
For cotton producers with Seed Cotton base acres on their farms, the Title One/crop insurance integration decision involves determining how to build their insurance coverage around the Title One protection provided by either the Price Loss Coverage (PLC) or Agriculture Risk Coverage (ARC) programs administered through the USDA Farm Service Agency. It is
important to note that the 2018 Farm Bill imposes several restrictions, some new and some carried over from the 2014 Farm Bill, on the purchase of STAX and SCO policy endorsements on farms planted to cotton.
Beginning with the 2019 crop year STAX coverage will only be available for purchase on farms that are NOT ENROLLED in either the PLC or ARC programs for SEED COTTON through USDA FSA.
Click or tap here to read more to learn about the options that cotton producers have regarding these safety net programs.
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