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Check the Markets!
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
here for the report posted yesterday afternoon around 3:30 PM.
Oklahoma Farm Report Team!!!!
Senior Editor and Writer
Calendar and Template Manager
Markets and Production
Editor and Contributor
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
U.S. Cattle Inventory Up
Three Percent, Beef Cow Numbers Top 30.3 Million Head
Herd expansion continues to make strong progress in
the U.S. The U.S.
cattle inventory report released Friday showed the
total cattle inventory was up three percent. Market Analyst Tom Leffler of Leffler
Commodities said all cattle and calves in the United
States as of January 1, 2016 totaled 92.0 million head. That was
three percent above the 89.1 million head on January 1, 2015. He said
the trade was looking for about two percent growth. Oklahoma's cattle
inventory was up seven percent, Kansas was up six percent, Nebraska
was up three percent and Texas was unchanged. Leffler said all
categories were above year ago levels and some categories came in
higher than trade expectations.
Total beef and dairy cows and heifers that have calved were estimated
at 39.6 million head. That was three percent above the 38.6 million
head on January 1, 2015. Beef cows came in at 30.3 million head. That
was up four percent from a year ago. Oklahoma, Texas and Kansas had
increases of four percent over a year ago and Missouri was up three
The report shows
that Texas remains the largest Beef Cow state in the US with 4.29
million head, Oklahoma is second with 1.953 million head, Missouri is
third with 1.912 million head, Nebraska is fourth with 1.852 million
head and South Dakota is the fifth largest beef cow state with 1.69
million mama cows.
All heifers 500 pounds and over as of January 1, 2016 totaled 19.8
million head. This was three percent above the 19.3 million head on
January 1, 2015. Beef replacement heifers were estimated at 6.29
million head. That was up three percent from a year ago. Leffler said
that was in line with trade expectations. Texas and Oklahoma were the
two largest beef replacement states- and had two of the largest
increases of heifers on hand. Texas replacement heifer numbers were
up 30,000 from a year earlier, while Oklahoma replacement heifer
number grew by 40,000 head compared to January 2015.
With this negative report, Leffler said it's too early to know if
this cattle inventory report will be a damper on the market on
Our Leslie Smith interviewed Leffer for analysis of
this report. Click
or tap here to listen to the interview.
to read the full U.S. Cattle Inventory Report from USDA.
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starts with P&K.
CME Group Chairman Terry Duffy
Offers to NCBA Measure Designed to Dampen Live Cattle Futures Market
was November 1964 when the Chicago Mercantile Exchange commenced the
trading of Live Cattle futures. There have been many times over the
years when the cattle industry has been upset over the pricing of
their cattle on the futures market- and after the market crash of
cattle prices this past fall, cattlemen once again wondered if the
cattle futures were doing more harm than good. This past Friday, Terry Duffy,
Chairman of the CME Group, met face to face with cattlemen and
responding to criticism over price volatility in the cattle futures
market and announced measures to help curb price swings while denying
that high-frequency traders are to blame.
Cattle futures will be added to an existing CME system that caps how
many order updates traders can send in relation to the number of
trades they actually execute. The change starts Monday, February
first, according to Chairman Duffy speaking at the NCBA Cattle
Marketing and International Trade Committee Meeting held by the
National Cattlemen's Beef Association in San Diego during the Cattle
Industry Convention. The Chicago exchange, the world's largest
futures market, is also examining five-to-six-second trading delays that
would act as circuit-breakers.
In his Committee presentation, Duffy told cattlemen that he thinks
that the trading hours for Cattle Futures are too long and pledges to
look at shortening cattle futures trading sessions. He also expressed
concerned about the continuing loss of cash trade in the industry,
which is what the futures market is based upon. That loss of a
benchmark is something that the futures market cannot address,
according to the CME Chairman.
here to read more and to hear our Beef Buzz dedicated to this
give and take between the cattle industry and the CME.
From the Cattle Industry
Convention- We Feature Our Q&A with Randy Blach and Phil Seng
Two of the folks that we sat down with at this year's Cattle Industry
Convention in San Diego with were Randy Blach and Phil Seng.
We actually have a couple of stories on our website featuring Randy
Blach. One is our Friday Beef Buzz based on Blach's presentation on
Thursday from the Cattlefax Market Outlook Seminar. According
to Blach, the U.S. saw in 2015 the largest year over year increase in
meat supplies since 1950. That was a major reason for the dramatic
flip in cattle prices last year. A year ago, the cow-calf side had
peak profitability and the most leverage within the cattle segment.
Over the next two or three years, he said profit margins will narrow,
but that industry will continue to make money. The cow-calf segment
will be profitable, just not has profitable.
You can hear some of Blach's observations on the Mama Cow end of the
business- as well as a cattle industry profitability statistic
that is breathtaking from our Friday Beef Buzz- click
here to take a listen
Then, on Friday morning, we had the chance to sit down and talk with
Blach about the Five Billion Dollar gain and then the Five Billion
Dollar Loss that that the cattle industry has been over the last
couple of years- as well as the beef cow herd expansion, the lack of
cash markets, what your business strategy might be in 2016 and more- click
here to take a listen to our complete Q&A with the top hired
hand of Cattlefax direct from San Diego.
Another of the
legends of the beef business that we sat down and
talked with at the 2016 Cattle Industry Convention was the CEO and
President of the US Meat Export Federation, Phil Seng.
Seng contends that U.S. beef and pork exports had their challenges in
2015, but there was good news as well. One of the bright spots was
the Korean market. U.S. Meat Export Federation (USMEF) President and
CEO Phil Seng credits the Korean Free Trade agreement that was put
together four years ago. The U.S. now has a duty advantage over its
competitors in that market. U.S beef exports to South Korea were up
seven percent and that comes at a time with a limited supply of
cattle and a strong U.S. dollar. U.S. beef exports also showed growth
in Vietnam and Singapore.
We talked Korea, Japan, TPP, COOL Repeal, China and more with Seng-
you can hear our complete conversation with Seng by clicking
or tapping here.
Cruz Flops Again on
Ethanol Flip-Flop in Final Attempt to Win Over Iowa
Position on Renewable Fuel Standard
changes again hours before caucus, but is still anti-ethanol,
At the final Republican debate before the Iowa caucus Thursday night,
Sen. Ted Cruz
once again changed his position on the Renewable Fuel Standard
(RFS). Sen. Cruz now claims he would phase out the RFS only alongside
a phase-out of oil and gas subsidies. The Republican presidential
candidate had previously called for a 5-year phase-out of the RFS
regardless of other subsidies, and before that has called for an
immediate repeal of the RFS. Cruz's pandering is a desperate attempt
to fool Iowa voters, but the fact remains that despite his façade he
is still anti-RFS.
"Sen. Cruz's re-revamped position on ethanol last night left
Iowans with two major takeaways," said America's Renewable
Future State Director, Eric
Branstad. "First, Cruz's constant flip-flops on
the RFS have revealed serious authenticity and consistency issues
with the candidate. Second, when a Senator from oil-rich Texas who's
accepted more donations from oil than any other candidate-and is
personally invested in oil companies-claims he's pro-ethanol and
wants to eliminate oil subsidies, it's clear how important the RFS
and ethanol are to winning in Iowa. That's why every single Democratic
and Republican candidate has gotten behind ethanol and the RFS,
except for Sen. Cruz and Sen. Paul."
You can find a substantive look at all of the presidential
candidates' positions of the RFS by clicking
Farm Shows wants to thank everyone who came to
the 2015 Tulsa Farm Show. The show has grown tremendously over
the past 22 years- and 2015 was the best yet!
Now is the time to
put on your 2016 calendar the date for the 2016 Oklahoma City Farm Show,
coming April 14,
15 and 16, 2016. Contact Ron Bormaster
at (507) 437-7969 for more details about how your business or
organization can be a part of the 2016 Oklahoma City Farm Show!
Click here for more
details about the 2016 Oklahoma City Farm Show- presented by Midwest
State of Oklahoma
Requests Major Disaster Declaration for December Storm
Governor Mary Fallin
Friday announced the state of Oklahoma has requested a major disaster
declaration from the federal government related to the winter storm,
ice, sleet and flooding that began Dec. 26.
Fallin requested individual assistance for homeowners, renters and
business owners in nine counties, as well as public assistance to aid
municipalities, counties, rural electric cooperatives and the state
with infrastructure repairs and costs associated with responding to
the storm in 41 counties.
The nine counties included in the request for individual assistance
Cherokee, Delaware, Mayes, McCurtain, Muskogee, Ottawa, Pushmataha
The 41 counties are included in the request for public assistance
Alfalfa, Beckham, Blaine, Caddo, Canadian, Cherokee, Coal, Comanche,
Cotton, Craig, Custer, Delaware, Dewey, Grady, Grant, Greer, Harmon,
Haskell, Hughes, Jackson, Kay, Kingfisher, Kiowa, Latimer, McCurtain,
McIntosh, Major, Mayes, Muskogee, Noble, Okfuskee, Okmulgee, Osage,
Pittsburg, Pushmataha, Roger Mills, Sequoyah, Tilman, Washita and
here to read more about the impact of the December storm.
to Have the Latest Energy News Delivered to Your Inbox Daily?
broadcast journalist Jerry
Bohnen has spent years learning and understanding how
to cover the energy business here in the southern plains- Click here to
subscribe to his daily update of top Energy News.
At the Cattle Industry Convention-
Elanco's Kerry Keffaber Talks VFD with Ron Hays
At the Cattle Industry Convention and NCBA Trade Show,
provided information to help beef producers better understand and
prepare to implement Veterinary Feed Directive (VFD) regulations. The
U.S. Food and
Drug Administration's (FDA's) new VFD rule for
managing antibiotic use in livestock will go into effect Jan. 1,
2017, which means now is the time for producers to update their
herd-health plans. Elanco has developed informational resources about
the VFD, and suggests four steps farmers and ranchers can take to
meet this deadline.
"With just 11 months until the final VFD rule is in place, it's
important that every cattle operation start preparations so there are
no surprises," says Kerry
Keffaber, D.V.M., advisor for scientific affairs and
policy at Elanco. "Collaboration plays a critical role in
implementing these updated regulations successfully. That is why
working closely with your veterinarian and feed supplier is the first
of four steps we recommend for good antibiotic stewardship."
I talked with Dr. Keffaber in San Diego at the Cattle Industry
or tap here to hear our conversation about the industry's efforts
to provide this level of accountability to the public about how
agriculture is handling antimicrobials.
This N That- Bluegrass
Stockyards Destroyed by Fire, Millennial Kalyn and the Nine Day
part of my Old Kentucky Home is gone- one of the stockyards that my
dad used in Lexington, Kentucky was destroyed by fire this past
Saturday. The Bluegrass Stockyards was a "Standing
Lumberyard" to quote the Fire Chief in Lexington and the eight
acres of cattle pens did not take long to turn into charred wood and
a picture that shows the fire still burning after consuming most of
that well aged standing wood:
A past President of the Livestock Marketing
Association is Gene
Barber, one of the owners of the Bluegrass
Stockyards- and Barber and his folks hosted the LMA Convention and
the World Livestock Auctioneer Championship in 2003- one of the years
Perrin from southeastern Oklahoma was President of
While Bluegrass was one of the bigger cattle auctions east of the
Mississippi, the number of cattle in their weekly auctions had
declined in recent years- and the company had hoped to relocate their
Lexington market a few miles further out from town to a location near
the intersection of Interstates 75 and 64- they were turned down in
their application to do so. They do operate several other auction
markets across that state- and it remains to be seen what sort of
facility may rise up from the ashes of this multi-million dollar
She's a bright, attractive young lady. She is a
former National Beef Ambassador. She's a brand new college graduate.
She's a millennial. And, she has decided to go back home to ranch as
a partner with her dad. She
is Kalyn McKibben, who graduated from the Division of
Agriculture at Oklahoma State University in December, and has decided
to go home to Wyandotte, Oklahoma to be a rancher.
McKibben told her story at the Noble Foundation booth to Trade Show
attendees at the 2016 Cattle Industry Convention in San Diego. She
says that she has a passion for ranching, and is looking forward to
being called a rancher, as well as being an agricultural advocate to
consumers she may encounter in person or via social media.
here to check out our story with Kalyn and hear her comments
about why she wants to be a Millennial Rancher.
Finally- on this Monday morning- let's take a look at what is ahead
of us this week weather wise- courtesy of Jed Castles
with News9 KWTV- this is his nine day outlook for central and western
thanks to Midwest Farms Shows, P & K Equipment,
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
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