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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.
, Oklahoma Auction Market had a total of 5,730 head reported this week- Feeder steers steady to 3.00 lower. Feeder heifers steady to 5.00 lower. Steer calves not well tested on limited comparable receipts, but a higher undertone was noted. Click or tap here for the USDA Market News Report.
Auction Barns From Earlier This Week- here are the reports from our website that offer you a permanent link to this week's action- click on the name of the market to view their details
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
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
Friday, December 13, 2019
Today Hours are 9 to 5
Saturday 9 to 4
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In his weekly visit with SUNUP host Kurtis Hair this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson talks about the current status of the markets and how he thinks they will play out over the holidays.
"I don't think there is much going on in the markets right now," Anderson said. "You look at corn, they are at their lows with a slight down trend. Soybeans have seen about. $.30/bu rally over the last couple of weeks. Wheat has been moving sideways in the last couple of weeks, with the March contract between $4.25/bu and $4.50/bu."
Anderson says cotton has had a rally to between $.64 and $.67 with the bottom being $.58. With that being said, there just isn't much going on in the markets, which he says is normal over the holiday period.
"In the December World Agriculture Supply and Demand Estimates Report (WASDE), wheat had a little news," he said. "They increased export projections, especially for hard red winter wheat, I think that is good news. And they lowered US ending stocks for the year, I think that is good news domestically."
You can hear all of Kim's comments this Saturday and Sunday on SUNUP - or you can hear Kim's full analysis right now, head to our website by clicking or tapping here.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
US and China Have a Deal- OR They Don't- Let's Just Say the Situation is Fluid
Several Media Outlets are crowing about a Phase One Trade Deal between the US and China. Politico and Bloomberg are both citing sources knowledgable about the dealings.
From the Bloomberg angle- "President Trump signed off on the "Phase One" trade deal on Thursday afternoon. The agreement between the worlds' two largest economies averts the December 15th introduction of a new wave of U.S. tariffs on $160 billion in Chinese goods.
"Bloomberg News reports the agreement was reached on Thursday afternoon and presented to the president shortly afterward. The deal does include a promise from China to buy more agricultural products. Officials also talked about possible reductions in existing duties on a number of Chinese products. The terms have been agreed on, but the legal text hasn't been finalized yet. A White House spokesman declined a request for comment."
From the world of Twitter- we are getting zero confirmation from the Chinese- a reporter from CNBC tweets "The U.S. side talks too much.. ," said Mei Xinyu, a trade analyst at a think tank affiliated with China's Commerce Ministry. "If there is an agreement, both sides will have to make an official announcement. Without that, anything is possible."
Another Tweet come from something called YuanTalks
- #China's Foreign Ministry didn't confirm the report that China and #US have reached consensus on terms of a phase one deal when asked about the trade talks at the press briefing on Fri. China is committed to resolving the issues but the deal must be mutually beneficial."
SOOOOO..there may be a deal- but there is no confirmation from the White House or from the Chinese as of yet.
The National Livestock Companies are pleased to announce their support, once again, for the All American Beef Battalion. On Monday, December 16th, the Oklahoma National Stockyards will auction a calf for the benefit of the All American Beef Battalion. The sale will take place at approximately 11:00 a.m. in the sale arena of the Stockyards.
Ahead of the sale- I talked with the CEO of National Livestock Credit Corporation, Robert York, about the fundraiser- you can hear their conversation by clicking on the LISTEN BAR at the bottom of this report.
The calf to be auctioned is again being donated by 3C Cattle Feeders and the Clyde Runyan family of Mill Creek, Oklahoma. A very special thanks go out to Clyde and Penny, along with their sons, who have donated the calf for 7 years. Clyde was with the 101st Airborne in Vietnam and considered this a privilege to be able to give back to the troops. Runyan passed away earlier in 2019- and his family wanted to continue the legacy of donating the calf in his honor.
You can listen to the whole conversation between York and I, by jumping over to our website.
The National Milk Producers Association released a statement regarding the confirmation of Dr. Stephen Hahn as FDA commissioner.
"We congratulate Dr. Stephen Hahn on his bipartisan confirmation as FDA commissioner. Dr. Hahn will provide strong leadership and direction to an agency that, understandably, has been reticent to resolve important issues in the absence of a full-fledged leader.
"Dr Hahn showed in his confirmation hearing that he understands the public-health need to address the issue of mislabeled plant-based products inappropriately marketed using dairy terms. As this problem grows more acute, consumer deception about nutritional content increases, adding urgency to the need for the FDA to enforce its own rules.
"Dr. Hahn has voiced his support for 'clear, transparent, and understandable labeling for the American people,' and we urge him to act quickly on this issue at FDA, as he pledged during his confirmation hearing."
National Cattlemen's Beef Association (NCBA) President Jennifer Houston and Public Lands Council (PLC) President Bob Skinner today issued the following statements in response to the U.S. Senate's confirmation of Aurelia Skipwith as the director of the U.S. Fish and Wildlife Service:
"Aurelia Skipwith possesses a keen understanding of industry and science and recognizes the value ranching brings to wildlife conservation. We look forward to working with her in her new role as director of the U.S. Fish and Wildlife Service." -Jennifer Houston.
The Oklahoma Pork Council is a producer organization representing the interests all of pork producers throughout Oklahoma.
Pork Famers in Oklahoma recognize our obligation to build and maintain the trust of customers and the public in our products and our practices. To promote confidence in what we do and how we do it, we affirm the following ethical principles: food safety, animal Safety, environment, public health, employee care and the communities in which we operate.
Click here to learn more about the Oklahoma Pork Council.
The Independent Community Bankers of America (ICBA) told the House Agriculture Committee this week that farm banks have stable ag loan portfolios but remain concerned about rural economic conditions. ICBA community banker Steve Handke encouraged lawmakers to maintain a strong farm bill with robust crop insurance tools. Handke said total farm debt is now over $415 billion, so a modest increase in USDA guaranteed farm loan limits is warranted, and he stressed the need to level the playing field between community banks and the tax-advantaged Farm Credit System.
"Community banks are not fair-weather lenders but seek to work with their producers in both good times and bad," said Handke, regional president and chief administrative officer at First Option Bank in Osawatomie, Kan. "Let's work together creatively to enhance solutions to assist our nation's farmers and ranchers and the community banks that serve them."
Community banks-which make roughly 80 percent of all agriculture loans from the banking sector-are doing everything in their power to keep their farm and ranch customers in business, Handke told the Subcommittee on Commodity Exchanges, Energy, and Credit.
You can read more from ICBA regarding the economic conditions in rural America, by jumping over to our website.
Dr. Janeen Salak-Johnson currently serves as part of the Oklahoma State University Animal Science faculty as the holder of the Temple Grandin Professorship in Animal Behavior and Well-being. She believes it is important for beef industry stakeholders to understand there are those folks out there that will never be satisfied with what we're doing when it comes to animal wellbeing. At the same time, though, she says those in the industry must also understand and address the concerns of the consumer and not be bullheaded when it comes to discussing how they handle animal welfare issues. She expounded on those thoughts in a recent interview with me. (Today's report was also heard earlier this fall)
"We have to recognize what they think is important is not what's important to the consumer," she said. "I don't like people telling me how to do research, so I get that part of it. But we also have to be conscientious that what is important to us may not necessarily be important to others. We still do need to improve on some of the painful management practices so that the consumer knows these animals had a good quality of life up until the end of their life."
The key to this problem, she says, is striking the right balance among all stakeholders involved. This means, finding ways to balance both producers' concerns and what Salak-Johnson refers to as "societal concerns." In addition, balance must be achieved in regard to what is ethical as well as what is ultimately practical - which she contends can be accomplished through sound science and seasoned expertise.
You can listen to the entire conversation between Salak-Johnson and I on Thursday's Beef Buzz - here.
The Oklahoma Pork Council donated $10,000 to the Regional Food Bank of Oklahoma this month to support its Food for Kids Backpack Program. This brings the total of okPORK donations since this partnership began to more than $152,000. okPORK board members, staff and pig famers also volunteered in the USDA Protein Packaging Center.
This program provides chronically hungry children with backpacks filled with non-perishable, nutritious, shelf-stable food to sustain them over weekends and school holidays. This donation from okPORK will allow the Regional Food Bank to process and package more than 28,000 pork sticks. This program is based on successful collaborative relationships. The Regional Food Bank works with multiple organizations to solicit and steward animal donations that are harvested for the sticks. Many of these animal donations come Oklahoma 4-H and FFA members.
"We are so proud of the youth in 4-H and FFA across Oklahoma who work hard on their show projects and then donate them at the end of the show season to help other kids who are food insecure," said Nikki Snider, okPORK Director of Marketing and Communication. "So directing our yearly donation to the Food for Kids backpack program helps us show our appreciation to those kids and the Food Bank for their great work."
Click here to read more about the Food for Kids Backpack Program and okPORK's contributions.
|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!
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