|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 or tap 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.
Cow and Bull Sale on Monday November 11th- : Slaughter cows mostly 1.00-4.00 higher. Slaughter bulls 3.00 higher-click or tap here for the complete report from USDA Market News.
The Veterans Day sale at the Oklahoma National Stockyards featured 8,300 head- bitter north winds made it an adventure walking the elevated walkway to the sale barn- Compared to last week: Feeder steers and steer calves steady to 4.00 lower. Feeder heifers 4.00-5.00 lower. Heifer calves mostly 2.00 lower- click or tap here for the USDA Market News Report.
Joplin Regional Stockyards reported 6,931 cattle for their Monday run- Compared to last week, steers under 700 lbs steady, steers over 700 lbs steady to 4.00 higher, heifers under 650 lbs 3.00 to 5.00 lower, over 650 lbs unevenly steady- Click here for the full report.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Daily Oklahoma Cash Grain
Prices- as reported by the Oklahoma Dept. of Agriculture. Most recent report is from Friday November 8- No report
from Monday due to Veterans Day
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, November 12, 2019
| Featured Story:
A significant impediment to U.S. wheat sales to the large Brazilian market is likely to end soon. Brazil's government has announced it intends to implement a tariff rate quota (TRQ) allowing up to 750,000 metric tons (MT) of wheat to be imported duty-free from countries outside the Mercosur trade agreement.
Brazil first agreed to this TRQ some 24 years ago when it joined the World Trade Organization (WTO). The Brazilian government is now moving forward with developing a final process and date for implementing the TRQ.
"Brazil is a quality-focused wheat market and its flour millers recognize that U.S. wheat can help them better meet their customers' needs," said USW President Vince Peterson. "Opening the TRQ will give those millers more consistent access to our wheat classes while still having the option to source from other countries. That is how the market should work and we welcome this opportunity."
"This is a perfect example of how fulfilling commitments can work for all trading partners," said Doug Goyings, USW Chairman and a wheat farmer from Paulding, Ohio. "We want to recognize Ambassador Gregg Doud, our Chief Agricultural Negotiator at the Office of the U.S. Trade Representative, and USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney, as well as the career staff of USDA and USTR for their focus on this issue. They have raised it multiple times with their counterparts in Brazil."
Click here to read more about the Brazilian government's announcement regarding duty-free wheat imports.
At AFR Insurance we are proud to have served Oklahomans and their communities for over 100 years. We know that insurance is more than talking about being there for you, it is about actually being there for you. We are here to give you a peace of mind by offering you the best insurance products at an affordable price. AFR Insurance offers auto, home, farm and life insurance to all generations, from young to old, we are here for you day in and day out.
Price. Protection. Peace of Mind. That's AFR Insurance.
Visit www.afrmic.com today to find your local agent and get a quick quote today!
It's a busy Fall season for Oklahoma Pecan growers looking to harvest the nuts from their trees, but with all the heavy rains, its kept a lot of growers out of the orchards. Dr. Charles Rohla from the Noble Research Institute says even with the rains, growers are excited to get out to harvest. "Crop looks really good, but it seems like it's gotten to dwindle in total production and prices are possibly becoming an issue."
While the market hasn't officially opened in Oklahoma, Rohla tells Hays that growers are looking at if they can afford to harvest, and if the market is there or not. Oklahoma is one of the major states when it comes to native trees which is somewhat of a cyclical production. Rohla mentions "Pecans are alternate bearing, meaning they produce a heavy crop followed by a low crop, or no crop. If trees are left unmanaged that no crop might be one to five years, and we are kind of in that cycle."
Weather, Rain, and disease can also affect the pecan growth. This year one of the main issues has been all the rain the state has seen which can cause pecan scab, a disease caused by fungus on the trees. Another issue this year is Anthracnose, which is usually a minor disease that comes on late in the season. Rohla says they have seen trees destroyed from the Anthracnose, along with water split from big rains, shell hardening, and with the higher temperatures, a lot of sprouting "There's been orchards that I know that have lost 20 to 40% of their crop due to seed sprouting."
You can listen to the whole conversation between Rohla and I regarding the 2019 Oklahoma pecan harvest - here.
Fire at the Tyson beef packing plant in early August shut that facility down causing prices to go down sharply- even as Boxed Beef Prices went up sharply, and then eventually retreat. I sat down to talk markets, and cattle prices with Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel- catching up with Dr. Peel on the sidelines of the Oklahoma Cattlemen's Association Quarterly Board Meeting.
Because of the shock of the fire, cattle prices went down substantially, but have now recovered from the lows after that fire. The Good news is that beef and cattle prices look solid and strong in the aftermath of that shock. Peel remarks, "You know across the board the entire cattle and beef complex has really had a remarkable run since mid-September. We've had a tremendous run in cash markets, futures markets, feeder cattle, fed cattle, and the boxed beef market."
We are in the middle of the fourth quarter now, so what does 2020 look like for the markets? Dr. Peel says we may have leveled out, or possibly plateaued on the mama cow numbers. "I think the inventory has plateaued. I'm basically expecting the January 2020 cattle inventory numbers to be plus or minus unchanged. They could be either way slightly, but I don't look for a major change in either one of those."
You can listen to the entire conversation between Peel and I on Monday's Beef Buzz - here.
In this week's edition of the "Cow Calf Corner" newsletter, Dr. Derrell Peel talks about how beef prices continue to trend in an upward pattern.
"The fall calf run is in full swing in Oklahoma. USDA-AMS reports that combined volumes for seven Oklahoma auctions are up 7.0 percent year over year over the past six weeks, Peel said. "Prices for most weight classes of feeder cattle increased last week, suggesting that the last week of October may have been the seasonal low."
For more comments from Dr. Peel- click here for his weekly analysis from "Cow Calf Corner."
The Center for Rural Affairs is offering a robust slate of recommendations for programs covered under the 2018 farm bill as part of a white paper released today.
"Conservation for Rural Communities: Center for Rural Affairs Farm Bill Implementation Recommendations," authored by Anna Johnson, policy manager for the Center for Rural Affairs, addresses possible changes to the Environmental Quality Incentive Program (EQIP), the Conservation Stewardship Program (CSP) and the Conservation Reserve Program (CRP).
"The 2018 farm bill created a variety of new provisions within these programs, requiring updates and creating opportunities to strengthen the programs," Johnson said. "There are several opportunities to improve economic outcomes and stewardship opportunities for farmers, ranchers, and rural communities."
The recommendations include increasing service to organic producers, providing strong support for grazing management practices under EQIP, higher CSP payments for advanced conservation, and holding sign-ups for conservation programs before planting season.
You can read more from Johnson regarding the 2018 Farm Bill, by clicking or tapping here.
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 2019 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2019- the dates are December 12th, 13th, and 14th.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
Rabobank says China's pig herd, once the largest in the world, will take more than five years to recover from the African Swine Fever outbreak. Even then, Rabobank International says their meat consumption won't be the same as it was before the disease outbreak. The world's biggest pork market won't stabilize until 2025 and meat imports won't make up for the shortfall. China's once giant hog herd is more than half of what it was, down to less than 200 million since the first case of ASF was made public in August of 2018.
"Everybody recognizes that China's pig population has been decimated but it isn't fully appreciated that the market will take years - probably half a decade - to rebalance due to the huge restocking required and the fact that global imports simply cannot make up the shortfall," said Chenjun Pan, animal protein senior analyst at Rabobank.
Rabobank notes that China is rapidly trying to increase its domestic production, while importing more pork and other proteins like beef and chicken, in hopes of satisfying consumer demand. The crisis will change the way China consumes protein.
Rabobank says pork will remain the meat of choice in China, but its overall share of meat consumption will fall from 63 percent to 53 percent. Poultry's share of Chinese meat consumption will increase by 30 percent by 2025. Restocking and importing will take place through 2021 before hog output increases through 2025. However, Rabobank says even then, the total herd is unlikely to return to its peak size in 2018.
Oklahoma Farm Bureau presented its top awards to members and counties during the organization's 78th Annual Meeting on Saturday, Nov. 9 in Oklahoma City, Oklahoma.
The awards recognize individuals and counties for their efforts to further Farm Bureau, agriculture and rural Oklahoma throughout the past year.
Click here to review the complete list of award recipients.
Registration and housing for America's largest farmer-led, farmer-focused agricultural and educational experience officially opens at 10:00 a.m. Central on Wednesday, November 13.
The 2020 Commodity Classic will be held Thursday, Feb. 27 through Saturday, Feb. 29 in San Antonio, Texas. To register, reserve hotel rooms, and sign up for email updates, visit CommodityClassic.com.
Early discounts on registration end January 9, 2020.
"Commodity Classic is unlike any other agriculture event because every experience, every educational session, and every speaker at Commodity Classic is selected by farmers, for farmers," said Bob Bowman, an Iowa farmer and co-chair of the 2020 Commodity Classic. "You'll be among the best farmers, the best education, the best technology and innovation, and the best agribusinesses-all under one roof."
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork Council, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Ag Mediation Program, Inc., 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!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following: