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Let's Check the Markets!
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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.
OKC West in El Reno had their Calf Sale on Tuesday, January 14th-
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
has 744 head of cattle on their showlist for the upcoming Wednesday, January 15th sale of finished cattle - click here
to jump over to the website.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate 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
Wednesday, January 15, 2020
| Featured Story:
Phase One Trade Deal Between the US and China to be Signed This Morning
The day has arrived for President Donald Trump to sign his Phase One Trade Deal with China's Vice Premier Liu.
For agriculture- the number that has been kicked around is $32 billion agriculture increase over 2017 levels- which was confirmed by Myron Brilliant, a senior U.S. Chamber of Commerce official, who spoke to reporters on Monday in Beijing. That would be an increase of about $16 Billion a year in 2020 and 2021.
When combined with the $24 billion U.S. agricultural export baseline in 2017, the total gets close to the $40 billion annual goal touted by U.S. President Donald Trump.
The overall numbers are expected to be announced at Wednesday's White House signing ceremony between Trump and Chinese Vice Premier Liu He and represent a staggering increase over recent Chinese imports of U.S. manufactured goods.
A U.S. trade source says that the phase one trade text will be posted online on the U.S. Trade Representative website the "moment" the agreement is signed on Wednesday.
There was a state dinner last night for the Chinese delegation- with a lunch planned for the parties after the signing today.
We will be posting details as they develop on our website and have coverage tomorrow morning in the Thursday email.
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It's a busy time for the Natural Resource Conservation Service. Coming out of the 2018 Farm Law, several programs are essential to producers. Gary O'Neill, Chief of the Natural Resource Conservation Service, says last year they were able to develop programs under the old rules. Still, this year they must use the new interim rules, "There's going to be some, some significant changes in some of those programs, so we'll have an interim period where the rules reviewed, and then there'll be some guidance developed and we'll roll those programs out in 2020 with the new rules. That would include EQUIP, CSP, and the easement programs as well."
Both EQIP and CSP are widely used in the State of Oklahoma. O'Neill says those are very important, "If you're a farmer that has a lot of concerns and haven't had a chance, maybe you're buying some new land and has a lot of resource problems. EQIP is a good program to fix some of those problems. When you get those things addressed, and CSP is a good program that comes in, and you get rewarded for some of that stewardship you've done in the past, and then you can pick enhancements that will take you even to a higher level of conservation."
O'Neill says these programs are very popular in Oklahoma. They have about 1700 active EQIP contracts, and over 4,000 CSP contracts, and they are not only crucial for conservation but also Rural development. That number of CSP contracts is one of the biggest in the country, "For sure. If we're not one, we're in the top two on the number of contracts. Last year we picked up this new grassland initiative in CSP, and we had 1400 contracts alone just for that program. Texas and Oklahoma were the big states for that."
You can read more regarding the strides Oklahoma landowners are taking for conservation, by clicking or tapping here.
Farmers for Free Trade Co-Executive Director Brian Kuehl yesterday released the following statement on the need for accountability and transparency on the Phase One agreement. Farmers for Free Trade is asking that the administration provide details about the promised $40 billion in ag purchases, whether that commitment is contingent on any actions by the U.S. and for details on how China will meet this commitment if it's actually been made.
"We were told Mexico would make massive ag purchases from the U.S. and that the E.U. would make huge purchases of U.S. ag products. Neither of those promises were fulfilled. Now we're being told that China will double the level of its historic purchases. Needless to say, there is a healthy skepticism about whether American farmers will actually see these purchases. That skepticism is only compounded when we're told we won't see the full text of the deal."
"Farmers were told that trade wars are 'good and easy to win.' They were told that they had to accept short-term pain for long-term gain. The pain has been long-term and we have yet to see the gain. Now is not the time for airy promises and splashy signing ceremonies - now is the time for iron-clad commitments and follow-through. We believe that the only way to boost U.S. ag exports to China in a sustainable fashion is to end the trade war and get back to doing what we do best - growing the safest, highest quality food at the most affordable prices. We need government to get out of the way and let us go back to work."
Click here to read the whole article from Kuehl regarding the need for accountability and transparency on Phase One Deal.
We are halfway through the first month of the new year, and OSU Agricultural Economist, Dr. Derrell Peel says the beef cattle marketplace seems to be starting on a positive note, "I think we're carrying a lot of momentum from the last part of 2019. It's still early; I think to have a sense of kind of where we from a meat standpoint in the post-holiday assessment. The fundamentals are, you know, really in pretty good shape as we go forward, and I think the markets are already reacting to that."
Peel says this time of year he always looks back to assess the challenges producers faced the previous year, "2019 I think was kind of a little bit of something for everyone. We had some struggles, certainly at the cow-calf and the feeder cattle market side. We had some challenges with market volatility. We had a number of things going on, but you know it comes down to, looking back at managing costs, and really taking stock of how we can prepare ourselves to deal with those kinds of challenges in the market when they arise."
Peel says for each cattle producer, you need to take a look at your numbers and step back and really understand how productive your herd was, "You can look at an overall number and say well how many calves did I sell? And of course, the market side of it is what did I get for those calves? But from a production standpoint, do you really know you know where you're at with that calf-crop percentage? What's a good benchmark that you should be using to measure against that?"
You can listen to Dr. Peel's comments on Tuesday's Beef Buzz - here.
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Yesterday, the pork industry released its new sustainability report, Commit and Improve: Pig Farmers' Approach to Sustainability, and updated website, porkcares.org. The report and website share firsthand accounts and data supporting pig farmers' progress toward sustainability through the We CareSM ethical principles.
As pig farmers, we are committed to producing safe food, protecting the environment and caring for our pigs by following the six We Care ethical principles," said David Newman, president of the National Pork Board and a pig farmer representing Arkansas. "These new resources were developed to share relevant information and metrics and to lay a foundation for continuous improvement in the area of sustainability."
The new report demonstrates the progress pig farmers have made toward the We Care ethical principles of: Food Safety, Animal Well-Being, the Environment, Public Health, Our People and Communities Data for the report was gathered from governmental agencies, the pork industry's life cycle assessment and pig farmers from across the country.
You can review the complete report from the pork industry, by jumping over to our website.
The Oklahoma State University Robert M. Kerr Food and Agricultural Products Center continued to support innovation and growth of food and agricultural businesses throughout Oklahoma in 2019, providing a total economic impact of more than $28 million.
"With the start of the new year, it is important to evaluate and review the work of the center from the previous year," said Roy Escoubas, FAPC director. "The impacts FAPC had on the food and agricultural industries in the state in 2019 are tremendous. From education and training sessions to client projects and food safety assistance, FAPC continues to be a resource for food processors."
In 2019, FAPC had an economic impact of $75,000 on entrepreneurial business, $250,000 on small and medium processors and $28.43 million on large food processors.
Click here to read more from FAPC's recap for 2019.
Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, offers herd health advice as part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Selk talks about how a long, difficult delivery of a calf will affect rebreeding of the cow.
"In last week's Cow Calf Corner Newsletter, we discussed the three stages of calving. Stage 2 begins with the appearance of the water bag or baby calf's feet. Stage 2 ends when the calf is completely delivered. Recall that stage 2 is expected to be about one hour for a two-year-old and about half an hour in mature cows that have previously delivered calves. Some producers may wonder if there is anything detrimental about allowing cows or heifers to suffer through a prolonged stage 2.
"In addition to being the greatest cause of baby calf mortality, calving difficulty markedly reduces reproductive performance during the next breeding season. Cattle suffering from calving difficulty have been reported (Brinks, et al. 1973) to have pregnancy rates decreased by 14% and those that did become pregnant to calve 13 days later at the next calving."
You can read more from Selk in this week's Cow Calf Corner, by clicking or tapping here.
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