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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.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures- click or tap here for the report posted for Tuesday afternoon, December 24th.
Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture. This is the report from Monday afternoon- ODAFF did not do a report on Christmas Eve or Christmas Day.
Futures Wrap:
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, December 26, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
China's Imports Of US Soy Soar To 20 Month High As Food Inflation Explodes
One year after China did not import even one ounce of US soybeans as the trade feud was escalating at the end of 2018, in November 2019, China - which has found itself roiled by soaring food prices - saw its imports of US soybeans surge to the highest in 20 months after more American cargoes cleared customs ahead of the alleged signing of the Phase One trade deal in January.
According to data from China's Customs Administration, China's inbound shipments from the U.S. more than doubled to 2.6 million tons, the highest since March 2018, and up from about 1.1 million tons in October. As noted above, in November of 2018 - when the trade war between the two nations was escalating rapidly - China imported no U.S. soybeans.
As Bloomberg notes, citing USDA data, China's total commitments in the current marketing year hit 10.5 million tons, compared with just 2 million tons the previous year.
Chinese companies are likely to continue purchasing American soybeans especially if the two countries sign the partial trade deal in early January, in line with the market's expectations.
That said, China was quick to pretend like the surge in US soybean purchases was in fact some concession, and shortly after the news of the import jump hit, China's infamous twitter troll, Global Times editor Hu Xijin, tweeted "congrats to US farmers" adding a tacit threat that US farmers should "prod" the US government to sign the Phase One deal if they want China's vital goodwill to continue, to wit: "meanwhile please prod the US government, making sure the two countries can sign phase one deal smoothly and the next trade talks continue to make progress. This is vital to stabilize China's purchase of US farm products."
What he really meant was that China, where we will soon need a bigger chart to show soaring food hyperinflation (and middle-class anger at surging good prices) is desperate to buy US agricultural products to keep prices lower, and with every passing months, Trump's negotiating leverage rises in lockstep with Chinese food inflation.
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Sponsor Spotlight
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With 17 locations serving 60 counties, we're locals, too. Find an office near you to talk to a lender who understands agriculture. Financing rural Oklahoma. Equal housing lender, NMLSR ID# 809962. Call us today at 866-245-3633 or go to www.okagcredit.com.
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United States inventory of all hogs and pigs on Dec. 1, 2019 was 77.3 million head. This was up 3% from Dec. 1, 2018, but down slightly from Sept. 1, 2019. Breeding inventory, at 6.46 million head, was up 2% from last year, and up slightly from the previous quarter. Market hog inventory, at 70.9 million head, was up 3% from last year, but down slightly from last quarter.
United States hog producers intend to have 3.13 million sows farrow during the December 2019-February 2020 quarter, up 1% from the actual farrowings during the same period one year earlier, and up 5% from the same period two years earlier. Intended farrowings for March-May 2020, at 3.15 million sows, are up slightly from the same period one year earlier, and up 3% from the same period two years earlier. The total number of hogs under contract owned by operations with over 5,000 head, but raised by contractees, accounted for 48% of the total United States hog inventory, unchanged from the previous year.
In a teleconference hosted by the National Pork Board, Steiner Consulting Group Senior Analyst Altin Kalo says the breeding hog number points to another year of record production in the year ahead. Chinese pork production has been decimated by African Swine Fever and the U.S. swine industry has responded with an increase in production. Kalo remains optimistic about the export opportunities to China.
Here in the southern plains- the hog population was up in Oklahoma, Kansas and Texas. The Oklahoma hog herd was the ninth largest herd (by state) in the country with 2.27 million head counted as of December first- up three percent from a year ago. Oklahoma is well known as a pig producing state- with those weanling pigs shipped into the Corn Belt where feed grains are more plentiful. The Oklahoma Sow population as of December first was the sixth largest in the country- with 450,000 sows counted- up 1% from a year ago.
Read our complete story on our website by clicking or tapping here.
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Check Out Our 2019 Road to Rural Prosperity Podcasts as the Old Year Winds Down
2019 saw the rollout of our regular Podcast series called the Road to Rural Prosperity- starting with Episode Number One with Governor Kevin Stitt to our most recent Episode- Number 14- which features the Deputy Floor Leader in the Oklahoma House- John Pfeiffer- who represents one of the most rural districts in our state.
All 14 Episodes have a common theme- AJ Griffin and I have been talking to Oklahomans who love their state, have already achieved great things in their careers and intend to keep pushing hard to help Oklahoma have "Top Ten" outcomes in every positive category that you can possibly imagine.
As we wrap up the old year and get ready to move forward into 2020- we have several Road Episodes we are working on that I think you will enjoy checking out.
In the meantime- here's the link- click or tap here- to check out ALL 14 Episodes- I think you might really enjoy one or more of these conversations that offer valuable insights into what make all these GREAT Oklahomans tick and what they see as a path forward to helping Oklahoma become GREATER!
Thanks for your support- and I encourage you to share one or more of these conversations with friends and colleagues- it's time well spent as we count down the final days of 2019- and head for 2020!!!
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The Creighton University Rural Mainstreet Index remained above growth-neutral in December. It's the fourth-straight month that's happened and the tenth time in the past 12 months. The index is a monthly survey of bank CEOs in rural areas of a 10-state region that depends on agriculture and/or energy. Oklahoma is not included but our neighbors just to the north in Colorado, Kansas and Missouri are.
While it's still above growth-neutral, the index did drop from 54.2 in November to 50.2 in December. A Creighton University news release says, "Federal agriculture crop support payments and somewhat higher grain prices gave a boost to the Rural Mainstreet Index." The index shows bank CEOs, on average, expect about 12 percent of grain farmers to experience financial losses in 2020. "However, this is down from last year at this time, when bankers expected about 15 percent of their grain farmers to have a negative cash flow during 2019," says Dr. Ernie Goss of Creighton University.
For example, Jeff Bonnett is president of the Havana National Bank in Illinois, who says, "If grain prices remain where they are today, we will have a small percentage of borrowers who will struggle with their cashflow." There was some good news as the farmland and ranchland price index soared to 52.8 from a weak 40.4 in November.
You can review details from the report by clicking or tapping here.
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Sponsor Spotlight
The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes.
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USDA Report Affirms Feasibility of Dealer Trust
A Dealer Statutory Trust would improve the recovery of livestock sellers in a dealer payment default while also allowing commerce to continue as usual, according to a U.S. Department of Agriculture (USDA) report released December 20.
In the 2018 Farm Bill, Congress instructed USDA to examine the feasibility of establishing a livestock Dealer Statutory Trust and provide a report within one year. Based on its analysis of industry data, public input, and experience with the livestock industry, USDA finds that it would be feasible to implement a livestock Dealer Statutory Trust.
"We appreciate the in-depth analysis of USDA on this important issue," said Livestock Marketing Association President Tom Frey. "These findings will be helpful as we work with Congress in 2020 to get livestock auctions and producers the increased certainty and predictability of payment they deserve."
Read more on this report- and LMA's reaction to it by clicking or tapping here.
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Phil Campbell of Luther and Joe Caughlin of Tonkawa Named to Leadership Institute Established by the National Conservation Foundation
Oklahomans Phil Campbell of Luther and Joe Caughlin of Tonkawa have been named among the seven participants in the inaugural cohort of the Next Generation Leadership Institute (NGLI). The National Conservation Foundation (NCF) recently released the list.
"What an honor for Conservation in Oklahoma to have two of our Conservation District Directors chosen for the first Next Generation Leadership Institute class," said Trey Lam, Executive Director of the Oklahoma Conservation Commission. "Joe Caughlin and Phil Campbell epitomize the leadership qualities of Oklahomans like Nolan Fuqua and Billy Wilson. Oklahoma has a long and distinguished history of providing leadership to NACD. Being willing to step up and make a difference is a trait engrained in Conservation Directors here in our state Joe and Phil will prove to be great assets to the Conservation movement at the national level."
"We are proud and honored that two of our leaders in the Oklahoma Association of Conservation Districts have been selected to participate in the inaugural Next Generation Leadership cohort," said Larry Wright, President of the Oklahoma Association of Conservation Districts (OACD). "Both Joe Caughlin and Phil Campbell will be an asset to the cohort and also obtain additional leadership skills that will continue to keep conservation in Oklahoma in the forefront. We congratulate these individuals on their commitment and dedication."
Learn more about Campbell and Caughlin and about this national leadership development program that they have been selected for- click or tap here.
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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:
phone: 405-473-6144
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