Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Support for the Livestock Industry Amidst Marketplace Challenges

Thu, 15 Oct 2020 09:58:57 CDT

Support for the Livestock Industry Amidst Marketplace Challenges U.S. Department of Agriculture (USDA) Under Secretary for Marketing and Regulatory Programs Greg Ibach is highlighting three USDA initiatives that build upon the considerations included in USDA’s July 2020 Boxed Beef and Fed Cattle Price Spread Investigation Report—risk management education funding, updates to livestock market reporting and producer training opportunities.

Recently, USDA announced two competitive funding opportunities for educational projects designed to help livestock producers and other agricultural producers improve their economic viability through targeted risk management strategies. The application deadline is November 19, 2020, and awards will be announced on February 12, 2021.

“USDA is committed to transparency, accountability and resolving ongoing challenges in the cattle market by equipping producers with information to help make business decisions. I encourage livestock organizations to look at these funding opportunities, as well as other existing resources available from USDA,” Under Secretary Greg Ibach, said.

This newly announced funding is available from the National Institute of Food and Agriculture’s (NIFA) Extension Risk Management Education (ERME) Program, which is operated through four regional risk management education centers. The program provides funding for results and outcome-based risk management education projects designed to help producers learn and use tools and approaches that can reduce the adverse effects of the uncertainties of weather, yields, prices, credit, government policies, global markets and other factors, including human resources and legal issues – all of which may result in wide swings in farm income or threaten the economic viability of the farm or ranch.

USDA will also update its daily national livestock slaughter report by removing the word “estimated” from the title in order to encourage the market’s immediate use of the information.

USDA’s Agricultural Marketing Service (AMS) collects daily data from meat packers and currently publishes the Estimated Daily Livestock Slaughter under Federal Inspection report to provide industry stakeholders with information on supply and volume of several species. Two weeks later, USDA’s Food Safety and Inspection Service (FSIS) publishes the Actual Slaughter Under Federal Inspection which includes the actual weights for cattle, steers, heifers and other livestock.

“Because a majority of meat packers are included in the data collected by AMS, the accuracy of the AMS estimated slaughter report is high with usually only a 0.5% differential compared to the FSIS actual slaughter data. We believe dropping ‘estimated’ from the title of the AMS report will provide more timely information without sacrificing accuracy,” Under Secretary Ibach, said.

Also in an effort to increase engagement with producers, in the next few weeks USDA will announce a series of webinars hosted in partnership with the CME Group and the three USDA Cattle and Carcass Grading Correlation Training Centers.

These centers, established in 2019 to educate and train stakeholders across the country in the grading of feeder cattle, fed cattle and beef carcasses, are hosted at West Texas A&M University, Colorado State University, and USDA’s Meat Animal Research Center. The series of webinars will discuss how live cattle and carcasses are evaluated for quality and yield grades, how production decisions influence the process, how official grades play into CME live cattle deliveries and carcass certifications, and how USDA officially grades carcass to the U.S. Standards for Grades. Details about registering for these free webinars will be announced soon.

USDA will continue to collaborate with its Federal partners and industry stakeholders and provide updates on opportunities for livestock producers as it works to incorporate stakeholder feedback and provide timely support in response to changes in the marketplace.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Over $750K Allocated to Secure Land Tenure for a New Generation of Farmers and Ranchers   Thu, 22 Oct 2020 09:32:55 CDT
  • Ryder Klaassen of Hydro-Eakly FFA Named Grand Champion at 2020 Oklahoma Junior Wheat Show-- Logan Chance named 4-H Champion  Thu, 22 Oct 2020 09:26:33 CDT
  • National FFA Convention Kicks Off Virtually Tuesday October 27th  Thu, 22 Oct 2020 09:07:48 CDT
  • Dismal Wheat Pasture Prospects Weighing on The Feeder Cattle Market, Says OSU's Derrell Peel  Thu, 22 Oct 2020 08:25:12 CDT
  • Thursday Preopening Market Update with Dave Lanning  Thu, 22 Oct 2020 07:27:13 CDT
  • Feeder Steers Lower, Feeder Heifers Lower, Steer Calves Lower, Heifer Calves Lower at OKC West - El Reno  Thu, 22 Oct 2020 05:29:11 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m Wednesday, October 21  Wed, 21 Oct 2020 15:57:26 CDT
  • Wednesday, October 21, 2020 Market Wrap-Up with Justin Lewis  Wed, 21 Oct 2020 14:58:12 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.