~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday November 24, 2008!A service of Producers Cooperative Oil Mill, Farm Credit Associations of Oklahoma and Midwest Farm Shows!
-- Friendly Cattle on Feed Report- But Can Fundamentals Trump Macro Economic Fears?
-- Brian Little Brings Home the Winning Bid from Ohio Regional Livestock Auctioneer Championship- Qualifies for the World Title Competition.
-- If you still own 2008 crop wheat- do you hope for higher prices or do you sell now?
-- Collin Peterson on Congressman Lucas as a Possible Ranking Member on House Ag Committee.
-- EPA Thinking About "fees" on Farm Animals to Regulate Greenhouse Gas Emissions- Farm Bureau Objects
-- Milk Your Budget- The Dairy Industry Promotes with a Value Message
-- Beef Export Numbers Outstanding for First Nine Months of 2008
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We salute our longest running email sponsor- Midwest Farm Shows, producer of the annual Tulsa Farm Show scheduled for December 11-13 here in 2008, as well as the springtime Southern Plains Farm Show in Oklahoma City. Check out details of both of these exciting shows at the official website of Midwest Farm Shows by clicking here.
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Friendly Cattle on Feed Report- But Can Fundamentals Trump Macro Economic Fears?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~It was a friendly monthly cattle on feed report that was released on Friday afternoon after the markets closed for the weekend. The number of cattle placed in feedlots during October totaled 2.44 million head, 11 percent below 2007. This compared to pre-report guesses of 91 percent, or only 9 percent below 2007. Tom Leffler with Leffler Commodities tells us that this was the seventh month in a row that the cattle on feed number came in lower than a year ago.
Marketings of fed cattle in October totaled 1.81 million head, 3 percent below 2007. Pre-report expectations were for 5 percent below 2007. Market Analysts say that this indicates feedlots are more current than generally assumed. Total cattle on feed as of Nov. 1 totaled 11.0 million head, down 7 percent.
We have Tom Leffler's take on the Friday afternoon report as he visited with our colleague Ed Richards. Click below to check that story as found on our website, WWW.OklahomaFarmReport.Com
Brian Little Brings Home the Winning Bid from Ohio Regional Livestock Auctioneer Championship- Qualifies for the World Title Competition.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~This is Brian Little's 10th year in Livestock Marketing Association's World Livestock Auctioneer Championship (WLAC), and he keeps coming back for some basic reasons. "I just have a love for the business, and the sound of the auctioneer," he said after winning LMA's third quarterfinal qualifying contest for next summer's WLAC, in competition here Nov. 18 at the Muskingum Livestock Auction Co. Little, 39, is from Wann, Okla. He was sponsored by a market he co-owns, the Coffeyville Livestock Market, LLC, Coffeyville, Kan., and the Tulsa Stockyards, Inc., Tulsa, Okla.
Little is only the second Oklahoma livestock auctioneer to qualify thus far for the 2009 world event- as only Kevin Magby of Atoka qualified earlier this fall at the Texhoma regional competition.
Little's highest finish in the WLAC so far was runner- up champion in 2006. He's been an auctioneer for 15 years, and graduated from the Missouri Auction School. He credits his father for encouraging him to attend the school, which came after Little graduated from college and worked for two years at a Kansas packing plant as a production supervisor. "I just didn't like it," Little said. What would winning the WLAC - considered the "World Series" and "Super Bowl" of his profession - mean to him? "Being recognized by my peers as world champion would be a tremendous honor," Little said. And "being an ambassador for the industry really excites me," he said. The champion spends much of his championship year on the road for LMA, at markets and other events.
If you still own 2008 crop wheat- do you hope for higher prices or do you sell now?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Extension Grain Marketing Economist Dr. Kim Anderson says there is a lot of indecision over what to do with wheat that farmers still own. Many of these producers are very discouraged with the sharp drop in wheat prices we have lived through from early August to now.
Dr. Anderson thinks we have hit a bottom on wheat prices- but that we may be able to get a sense of whether there is any short term up to this wheat market right after Thanksgiving. Dr. Anderson's comments were a part of the weekend show seen on OETA called SUNUP.
We have his audio conversation with Clinton Griffiths of SUNUP linked on our website- click below to jump to that story and take a listen.
Collin Peterson on Congressman Lucas as a Possible Ranking Member on House Ag Committee.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~While the final official word from the Republican Steering Committee will not come until next month, it is widely expected within agricultural circles that Oklahoma Congressman Frank Lucas will be the new ranking member of the House Ag Committee, replacing Virginia lawmaker Bob Goodlatte who apparently is being term limited out after serving four years as Chairman and the past two as the ranking minority member. Included among those who believes that his new partner on the Republican side of the aisle that he will be working with is the current Chairman of the House Ag Committee, Collin Peterson, a Democrat from Minnesota.
Peterson told fellow farm broadcast colleague Stewart Doan with Agri-Pulse that he considers Congressman Lucas a friend and feels they will be able to work together- although he believes it will take time for he and the Third District Oklahoma Congressman to figure out how to accomplish that. Peterson says it has taken he and Goodlatte quite a while to reach the point where they trust one another. Peterson says that Lucas will face pressures from the Republican leadership that he has never faced before to not work with the majority party- but that it will be important for he and Lucas to figure all of this out.
We have those comments from Collin Peterson on the dance that he and Frank Lucas will be learning together starting in 2009 as the leaders of the House Agriculture Committee- and you can hear them by clicking on the link below and jumping to our website at WWW.OklahomaFarmReport.Com.
EPA Thinking About "fees" on Farm Animals to Regulate Greenhouse Gas Emissions- Farm Bureau Objects
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The American Farm Bureau Federation has registered its opposition to an Environmental Protection Agency proposal to regulate greenhouse gases under the Clean Air Act, asserting it would essentially result in new taxes on livestock operations.
"Most livestock and dairy farmers would not be able to pass along the
costs incurred under this plan," said Mark Maslyn, AFBF executive director
of public policy.
Permit fees vary from state to state but EPA sets a "presumptive minimum rate" for fees. For 2008- 2009, the rate is $43.75 per ton of emitted greenhouse gases. According to Maslyn, the proposed fee would mean annual assessments of $175 for each dairy cow, $87.50 for each head of beef cattle and $20 for each hog.
Milk Your Budget- The Dairy Industry Promotes with a Value Message
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~This past Saturday on our In the Field segment as seen on KWTV, News9 in Oklahoma City, we featured the dairy industry's efforts to communicate to consumers the great value of milk when it comes to getting lots of nutrients for a small amount of change. Susan Allen of Dairymax was our guest- and she said that when you buy a gallon of milk- it breaks down to costing you about 25 cents per eight ounce glass- and for that, you get protein, calcium, Vitamin D and more.
We have our video chat with Susan linked on our website with more on this value concept being promoted by the dairy industry. Jump on the link below and that will take you to WWW.OklahomaFarmReport.Com where the video is available for you to see.
Beef Export Numbers Outstanding for First Nine Months of 2008
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~While economic caution flags are flying during the final quarter of 2008, U.S. beef export levels continued to exceed expectations through the first nine months of the year. Beef and beef variety meat export volume increased 33 percent to 1.65 billion pounds and were valued at nearly $2.8 billion, a 45 percent jump from the same period the a year ago.
We talk about the great sales thus far in 2008- and what may lie ahead for beef exports in this final quarter of the year as well as into 2009- as our Monday Beef Buzz guest that is helping us sort all this out is Phil Seng, the President of the US Meat Export Federation.
The latest month that we have data for right now is September- and
South Korea is the rising star for the moment. In September, South Korea
was the largest importer of U.S. beef in terms of value. Shipments to
Korea reached $89.24 million, or 28% of the $319.56 million total for the
month. According to USDA figures, Korea was followed by Mexico ($77.91
million), Canada ($58.93 million) and Japan ($29.70 million). When it
comes to volume, Mexico continues to be the top export destination for
U.S. beef with shipments of 18,046 tons in September, followed by Korea's
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~It was not a pretty picture at the end of this past week on feeder cattle markets- Woodward Livestock was sharply lower on yearlings and calves. The total run was 4,890 on Friday, with yearling steers down five to ten dollars and calves off $4 to $8. Five to six hundred pound steer calves brought from $96 to $104- with some value added calves coming in from $104 to $110. Seven to eight hundred pound steer yearlings cleared from $88 to $96. For the complete report- it should be up and available sometime by eight AM or a little after by clicking here.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
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