Subject: Oklahoma's Farm News Update
From: Ron Hays <ronphays@cox.net>
Date: 11/15/2019, 6:03 AM
To: ron@ronhays.com



 
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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 futuresclick 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 on Thursday, November 14th.
 
  
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Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
 
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
 
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
 
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
 


 
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Oklahoma's Latest Farm and Ranch News

 
Your Update from Ron Hays of RON
    Friday,  November 15, 2019

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
One Featured Story:

Several top officials of the US Department of Agriculture were on hand for the annual Trade Talk event at the 2019 Convention of the National Association of Farm Broadcasters in Kansas City. One that I visited with was USDA Farm Service Agency Administrator Richard Fordyce. Fordyce told me that the latest trade war payment under the market facilitation program have been going out- and that FSA is close to getting those payments out the door. Fordyce offered confirmation that USDA is getting close to opening up a general CRP sign up- it appears that will be coming in December- the Conservation Reserve Program continues as one of the flagship conservation programs for USDA- even as the program has changed priorities over the years.


Fordyce adds "Farm bill implementation, disaster programs, whether they are stand alone or ad hock programs, WHIP program signup is ongoing..there are a lot of things happening right now in the farm service agency."


Fordyce adds that the hemp program is also in the process of rolling out. Fordyce mentions that the hemp program implementation and regulation and oversight of the hemp program lies with the Agricultural Marketing Service (AMS) but that they work closely together, "We have some pieces of that. For example, a hemp producer will make their acreage report with farm service agency. We will be able to take their acreage report, we'll be able to capture their license, which is one thing that AMS said is a must. We will have some opportunities for some loans now for hemp producers. We will look at non-insured ag production coverage, which is our version of crop insurance, and that we will be able to offer some Nap coverage to hemp producers."

You can listen to the whole conversation between Fordyce and I, by jumping over to our website


Sponsor Spotlight
 
 
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We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.



United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue released the following statement on China's decision to lift its ban on poultry imports from the United States:


"The United States welcomes China's decision to finally lift its unwarranted ban on U.S. poultry and poultry products. This is great news for both America's farmers and China's consumers," said Ambassador Lighthizer. "China is an important export market for America's poultry farmers, and we estimate they will now be able to export more than $1 billion worth of poultry and poultry products each year to China. Reopening China to U.S. poultry will create new export opportunities for our poultry farmers and support thousands of workers employed by the U.S. poultry industry."


Secretary Perdue said, "After being shut out of the market for years, U.S. poultry producers and exporters welcome the reopening of China's market to their products. America's producers are the most productive in the world and it is critical they be able to sell their bounty to consumers in other parts of the globe. We will continue our work to expand market access in important markets like China as well as other countries, to support our producers and U.S. jobs."


Click here to read more from the USDA regarding the poultry ban lift by China. 


A new white paper detailing the minimal environmental footprint of beef production in the U.S. was recently published by the National Cattlemen's Beef Association, a contractor to the Beef Checkoff. The white paper, authored by Sara Place, PhD, senior director of sustainable beef production research at the National Cattlemen's Beef Association, highlights why and how the U.S. is the leader in sustainable beef production.


Beef Greenhouse Gas Emissions in the U.S.    


U.S. beef production, particularly when it comes to greenhouse gas (GHG) emissions, is often misrepresented with global statistics that fuel inaccurate reports and misconceptions. This new white paper addresses this issue by sharing the most recent data indicating that only 3.7 percenti of U.S. GHG emissions come directly from beef cattle.ii By comparison, globally, beef cattle account for 6 percent of GHG emissions.iii


To put U.S. beef production further into perspective, all of agriculture, including beef cattle and other animal and crop agriculture, accounts for 8.4 percent of U.S. GHG emissions.ii Comparatively, transportation accounts for 28 percent of GHG emissions in the U.S.ii On global scale, all livestock agriculture accounts for 14.5 percent of GHG emissions, which is often used inaccurately to represent U.S. beef emissions.iii


You can read more of the white paper from NCBA, by clicking or tapping here

 
I sat down with Dr. Clay Mathis, Director of the King Ranch institute for ranch management at the recent American Angus Convention in Reno to talk about some of their management decisions on how they can be profitable. Mathis says it starts with understanding where you can find leverage in your production system. "We know if we are strictly focused on profitability we can look at the cost side of the business and know that its going to boil down to labor, feed, and depreciation, and collectively those will make up more than 50% of the total cost to the enterprise." Mathis says if we know that, and know how to drive revenue in terms of reproductive performance then producers can look to balance those things together to find that recipe, and it's a different recipe for every operation.


The cost of maintaining the mama cow has been going up, and its harder than ever for producers to make sure they are making money. Mathis says we have to think "How do we respond to these rising costs more? And really we have to take a close look the uniqueness of each production system and figure out what's it going to be in the future that is going to make the difference?" Mathis goes onto say that ranchers are going to have to be willing to look deeply into what the challenges that each ranch faces to find a solution that's high leverage to fix the problems.


The drought in the Texas/Oklahoma region that occurred a few years ago really changed the mama cow herd, and changed the way ranchers look at profitability. During that time, it was not just the drought that was challenging, there were also very high prices, and so much volatility in the markets. Mathis says "When we look down the road producers will have to be paying attention to those fixed costs on the ranch and how we can maximize cow inventory so that there is enough revenue to cover those fixed costs, all while still managing those natural resources appropriately as well."


You can listen to the entire conversation between Mathis and I on Thursday's Beef Buzz - here


Sponsor Spotlight
 
 
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans."  Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected.  Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.



This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson visits with host Dave Deken to discuss Brazil's market encroachment and other news in the commodity markets.   


"If you look at the three out of the last four years, Brazil has had a record corn crop," Anderson said. "And that third year, that wasn't a record, it was a near record."    


Anderson says if you back to the early 2000s, Brazil was exporting 0% of the worlds corn exports. However, this year they are exporting 22% of the worlds corn exports. In Argentina, in the same time frame, went from 2% to 20%. So, South American countries are coming in and taking U.S. corn exports, he added.    


"U.S. exports in that 20-year period, has went from 65% down to 29%," Anderson said. "We have seen this before we saw it with Brazil and soybeans. If you go back to the late 1970s, Brazil started their soybean production. Japan and China started going to Brazil instead of the U.S. to get their soybeans."   


You can watch Dr. Anderson on SUNUP this weekend- but you can listen to his comments right now by clicking over to our website - plus you can check on the full lineup for SUNUP that can be seen on OETA Saturday and Sunday.


The U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) today announced it will continue to defer accrual of interest for 2019 crop year insurance premiums to help the wide swath of farmers and ranchers affected by extreme weather in 2019. Specifically, USDA will defer the accrual of interest on 2019 crop year insurance premiums to the earlier of the applicable termination date or January 31, 2020, for all policies with a premium billing date of August 15, 2019. This extension is necessary since harvest progress has been very delayed and crop insurance claims are not typically settled until harvest is complete, squeezing cash flow even further. Bill Northey, USDA's Under Secretary for Farm Production and Conservation, made the announcement at the National Association of Farm Broadcasters' conference in Kansas City.


"USDA is committed to helping farmers and ranchers impacted by the weather challenges this year, and we hope this deferral will help ease cash flow challenges for producers, many of whom are caught in a very delayed harvest," Northey said.


USDA had previously announced a deferral to November 30, 2019, providing producers with an additional two months from the traditional September 30 date. With today's announcement, producers will have until January 31, 2020, to pay the 2019 premium without accruing interest. For any premium that is not paid by the new deadline, interest will accrue consistent with the terms of the policy.


You can read more about the extension of crop insurance premiums, by clicking or tapping here

Seven Noble Research Institute's Josh Gaskamp Talks Wild Hogs in Testimony Before House Ag Subcommittee

Josh Gaskamp of the Noble Research Institute is considered one of the leading "gurus" when it comes to feral swine here in the middle of the US- and he traveled to Washington this week to testify before a House Ag Subcommittee on his particular invasive species and it's damage to US Agriculture. 

By the numbers- Gaskamp offered this picture of Wild Hogs in the US:

Total Estimated Population of Feral Swine in the US- Seven Million

Current Growth Rate- 21% increase in numbers annually

Number of States Where You Find Feral Swine- 37 States

Damage to US Agriculture and rural America- $1.5 Billion annually

Gaskamp says that last number is likely well under the real damage figure as it does not take into account the ecological damage as well as the animal and/or human health costs of these critters.

Click or tap here  to read comments from a couple of the lawmakers reacting to the the testimony- and in our story- you can listen to Josh's testimony and see the written testimony provided to the committee by him.

 
Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork CouncilOklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit CorporationOklahoma 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!


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