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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 here for this morning's Farm news from Carson Horn 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.
Higher Prices again on Monday at the
Oklahoma National Stockyards- Compared to last week: Feeder steers steady to 4.00 higher. Feeder heifers 1.00-5.00 higher. Steer calves steady to 4.00 higher. 8,500 was the estimate on the receipts-
click or tap here for the complete USDA Market News Report from our website.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
FedCattleExchange.com has 666 head of cattle on their showlist for the Wednesday, October 9th sale of finished cattle -
click here to jump to the website.
At OKC West in El Reno breakers cows sold 2.00 higher. While boner and lean cows sold 2.00 lower -
click here to review the complete report from the USDA.
At the J oplin Regional Stockyards on Monday- just 3,529 cattle but prices up- Compared to last week, steers and heifers sold steady to 5.00 higher, with some lightweight weaned calves
of good quality and condition trading sharply higher-
click or tap here for the complete report form Market News
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 yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Futures Wrap:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate 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
Tuesday, October 8, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
U.S. pork exports continued to post very strong results in August, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), while beef exports were below the record-large totals of August 2018.
August pork exports increased 22% from a year ago to 221,586 metric tons (mt), while export value climbed 19% to $588.8 million. These results pushed January-August export volume 4% ahead of last year's pace at 1.7 million mt, while value increased 1%
to $4.35 billion.
Pork export value averaged $54.18 per head slaughtered in August, up 22% from a year ago. For January through August, the per-head average was down 2% to $51.70. August exports accounted for 27.1% of total U.S. pork production and 23.7% for muscle cuts
only, up significantly from a year ago (21.9% and 19.2%, respectively). January-August exports accounted for 26.4% of total pork production and 23% for muscle cuts, both up slightly year-over-year.
August beef exports totaled 114,119 mt, a 4% decline from last year's large volume, while export value ($690.3 million) was down 8%. January-August beef exports were slightly below last year's record pace, declining 2% in volume (881,526 mt) and 1% in
value ($5.44 billion).
Click
here to read more of the report from USMEF regarding exports.
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Sponsor Spotlight
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
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The latest Crop Progress report out from USDA continues to show a real problem when it comes to corn maturity even as snow rolls into Montana and the Dakotas- and perhaps into Minnesota and even western Iowa.
Six to twelve inches of snow are possible in the Dakotas- and we are looking at their corn acres way behind in final maturity- South Dakota's crop is 36% mature versus the five year average of 80%- while North Dakota is 22% mature- versus the five year average
has that state at 75% normally.
The "I" states and Ohio are also way behind the norms-
Illinois 59% this year vs 94% 5 Yr ave
Indiana 56% this year vs 87% 5 yr ave
Iowa 52% this year vs 88% 5 yr ave
Ohio 44% this year vs 76% 5 yr ave
Minnesota 39% this week vs 83% 5 yr ave
Nationally the US Corn Crop is at 58% mature- the slowest maturing corn crop on record.
Corn harvest across the US now stands at 15% vs 33% at this point a year ago- soybean harvest is at 14% vs 31% a year ago.
For the complete Crop Progress report-
click or tap here.
Closer to home- Here's our southern plains state by state:
According to the reports, winter wheat planted in Oklahoma reached 57 percent, unchanged from the previous year but up 2 points from normal. Winter wheat emerged reached 29 percent, up 4 points from the previous year and
up 7 points from normal. Pasture and range condition was rated at 59 percent good to excellent.
In Kansas, winter wheat planted was 45%, behind 56%% last year and near 47% for the five-year average. Winter wheat emerged reached 24%, behind 31% last year and equal to the average. Pasture and range conditions this week
rated as 68% good to excellent, 24% fair and 8% poor to very poor.
Finally in Texas, winter wheat planted reached 49%, behind 52% last year and ahead of 48% on average. Pasture and range condition this week rated as 19% good to excellent, 32% fair and 49% poor to very poor.
To sum up the current pasture and range condition here in the Southern Plains - here's the Good to Excellent Ratings for this week and the change from last week:
Oklahoma 59% -2%
Kansas 68% +2%
Texas 19% +1%
To review these Crop Progress Reports in full, click
here.
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President Donald J. Trump Signed the US-Japan Trade Agreement on Monday. The agreement, when implemented on or about January first, immediately decrease tariffs on US goods going to Japan. The signing took place in the Rooselvelt Room at the
White House and Oklahoma Congressman Kevin Hern was among the members of Congress invited to participate in the event.Click
here for the complete text of the remarks made by the President and others at the event.
You can click on the play button in the video box if you want to see the event:
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Watch live: Trump signs U.S.-Japan Trade Agreement at White House |
Lots of Ag Group folks were at the signing- here are just a few of the early "reacts" that came to us yesterday afternoon:
American Farm Bureau Federation President Zippy Duvall
released a statement after the signing.
"Today's signing marks the successful end to more than a year of negotiation between Japan and the United States. This agreement means sharply lower tariffs on our farm and ranch exports with the promise of more to come. And while we aren't yet finished
opening this market, the conclusion of these talks means we can now trade with Japan with the same advantages enjoyed by signers of the CP-TPP trade agreement. That's great news.
"We hope the momentum from this win carries through to the negotiations with China this week and sets the stage for similar bilateral agreements with other countries involved with the CP-TPP. We appreciate this Administration's efforts to improve trade
opportunities for farmers."
U.S. Wheat Associates and the National Association of Wheat Growers released a
joint statement after the signing.
"As we hoped, the text confirms that the agreement will put U.S. wheat back on equal footing with wheat from Canada and Australia when it is implemented," said U.S. Wheat Associates (USW) President Vince Peterson who attended
the event at the White House. "In addition, Japan has agreed to open country specific quotas for U.S. wheat and wheat product imports. The Trump Administration and negotiators for both countries clearly understood what was at stake for U.S. wheat farmers and
made sure to have our backs in this agreement."
"NAWG is thrilled to be present during the signing of the U.S.-Japan tariff agreement, a major milestone for wheat growers," said National Association of Wheat Growers (NAWG) President and Lavon, Tex., farmer Ben Scholz.
"We would like to thank staff and leaders at USTR, USDA, and the Administration for working with the wheat industry as this agreement nears the finish line."
NCGA President Kevin Ross today
joined leaders of other farm and commodity groups at the White House to commemorate the signing of the U.S.-Japan Trade Agreement.
"Japan is the number two buyer of U.S. corn, purchasing more than $2 billion in the most recent marketing year. This is a high value market for our livestock industry, therefore, also a major purchaser of U.S. corn through exported meats. NCGA has been
a long-time supporter of trade with Japan. With many farmers struggling amid some challenging times, this is some much-needed good news. This agreement reaffirms and builds on our trading relationship with Japan and NCGA looks forward to continued work for
a successful Phase 2 of these important negotiations."
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There is a lot of discussion in the meat industry right now over Mandatory Country of Origin Labeling, or MCOOL, which some cattle producers and populist cattle industry groups are calling upon the government to reinstate. These proponents of MCOOL argue
that during the period of time in which it was the law of the land, beef prices were comparatively higher than they are today. However, based on economic research conducted by himself and others, Kansas State University Extension Livestock Market Economist Dr.
Glynn Tonsor says the evidence is stacked against them and their argument.
"The punchline of not just the work I did but other analyses on it was very unlikely there was a positive benefit/cost. Primarily," he said, "because we know there were costs to track and segregate cattle. In my assessment, there was no demand benefit
during the period in which MCOOL was in place."
Bottom line, Tonsor says, the cost of MCOOL is quite obvious if you consider the facts. In conducting his research, Tonsor found that during the MCOOL era, demand for both beef and pork were lower, economically speaking and statistically. This is consistent
with the research summarized in the 2015 USDA report to Congress. This conclusion has been supported with further evidence compiled in a post-MCOOL period study. This model indicates that domestic beef demand was only 2.7% lower during the post-MCOOL than
in the pre-MCOOL period, which was calculated to be approximately 6.5% lower. Combined this suggests that beef demand has improved 3.8% since MCOOL ceased.
You can listen to the entire conversation between Tonsor and I on Monday's Beef Buzz -
here.
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Harriet Hageman, Senior Litigation Counsel with the New Civil Liberties Alliance (NCLA), filed a lawsuit at the end of this past week in federal district court in Casper, Wyoming representing the Ranchers Cattlemen Action Legal Fund United
Stockgrowers of America (R-CALF USA) and four ranchers from Wyoming and South Dakota, to stop the U.S. Department of Agriculture's (USDA's) effort to eliminate all animal identification options other than radio frequency identification (RFID) devices and premises
registration for adult cattle and bison moving interstate.
The lawsuit seeks declaratory judgment and an injunction against Secretary of Agriculture Sonny Perdue and USDA
Administrator for the Animal and Plant Health Inspection Service (APHIS) Kevin Shae, who together issued the RFID mandate in April of this year. This is the second piece of litigation R-CALF has in play against the USDA- in 2016 they sued USDA
over the role of State Beef Councils have in the Beef Checkoff.
The lawsuit alleges that USDA's mandate that livestock producers use RFID ear tags, along with the requirement that they obtain a premises identification number (PIN), and the elimination of all other animal identification options currently available
to U.S. cattle producers, violate current traceability regulations. The existing regulations, adopted in 2013, allow livestock producers to use the types of effective animal identification techniques and devices that have been widely used by the industry for
over 100 years, including brands, tattoos, permanent metal ear tags, group/lot identification, and backtags on animals destined for harvest.
Click
here to read more about R-Calf and their concerns with the USDA.
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In this week's edition of the "Cow Calf Corner" newsletter,
Dr. Derrell Peel talks about the continued bounce back after the Tyson Plant Fire in August.
Peel says the fire caused the markets to see immediate losses in fresh beef product to be sold into the wholesale beef markets. This caused the boxed beef prices to spike the week following the fire, the peak the next week before they began to recede.
"Cattle futures markets reacted most dramatically to the fire, which is exactly the role of futures," Peel said. "Both live and feeder futures gapped limit down for two days following the fire. Both markets continued lower until after Labor Day before
beginning a sharp recovery which rose to fill the down gaps by the end of September."
You can read more from Peel regarding the beef markets,
by clicking or tapping here.
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Noting that the Butter Act of 1923 gives the Food and Drug Administration no leeway in enforcing a congressional statute that defines the food as a dairy product, the American Butter Institute sent letters to the chairmen and ranking members of the House
Committee on Energy and Commerce and the Senate Committee on Health, Education, Labor, and Pensions, urging them to compel FDA to enforce federal law against plant-based imposters that illegally misuse the term "butter" as a marketing trick.
"When it comes to violations of the Butter Act specifically, Congress did not give the Food and Drug Administration any enforcement discretion on the matter,"
Tom Balmer, executive director of the American Butter Institute, said in the Oct. 4 letter. "Congress stated very precisely the ingredients from which butter is to be made and its final composition. FDA's non-action in enforcing what Congress
has mandated represents, in essence, a federal agency's rewriting of a Congressional act and usurping Congressional authority."
Butter's definition has been settled law for more than a century, covered by legislation dating to 1886. Imitators made from vegetable oils have been able to use terms such as "margarine" and "spread," ensuring a transparent marketplace. However, as butter's
popularity has grown in recent years - per-capita U.S. consumption last year reached its highest since 1968 - marketing departments at brands such as Country Crock® have been breaking the law by calling their margarines and spreads "plant-based butter" - an
attempt to cash in on butter's popularity that tarnishes a product that has had a consistent identity for generations.
Click
or tap here to read more from ABI regarding their thoughts on Butter Law.
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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 also appreciate our Market Links Sponsor -
OKC West Livestock!
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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