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 Ron Hays on RON.
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
Offer Certificates for Farm Commodities Pledged to Marketing Loans
Department of Agriculture (USDA) Wednesday announced
that producers who have crops pledged as collateral for a marketing
assistance loan can now purchase a commodity certificate that may be
exchanged for the outstanding loan collateral. The authority is
provided by the 2016
Consolidated Appropriations Act, legislation enacted
by Congress in December. Commodity certificates are available
beginning with the 2015 crop in situations where the applicable
marketing assistance loan rate exceeds the exchange rate. Currently,
the only eligible commodity is cotton.
Service Agency (FSA) routinely provides agricultural
producers with marketing assistance loans that provide interim cash
flow without having to sell the commodities when market prices are at
harvest time lows. The loans allow the producer to store and delay
the sale of the commodity until more favorable market conditions
emerge, while also providing for a more orderly marketing of
commodities throughout the marketing year.
These loans are considered "nonrecourse" because the loan
can be redeemed by delivering the commodity pledged as collateral to
the government as full payment for the loan upon maturity. Commodity
certificates are available to loan holders having outstanding nonrecourse
loans for wheat, upland cotton, rice, feed grains, pulse crops (dry
peas, lentils, large and small chickpeas), peanuts, wool, soybeans
and designated minor oilseeds. These certificates can be purchased at
the posted county price (or adjusted world price or national posted
price) for the quantity of commodity under loan, and must be
immediately exchanged for the collateral, satisfying the loan. Click
or tap here for additional information.
Cotton Council (NCC), on behalf of the U.S. cotton
industry, strongly commends House Agriculture Appropriations
Aderholt (R-AL), House Agriculture Committee Chairman Conaway
(R-TX), Senate Appropriations Committee Chairman Cochran
(R-MS) and Senate Agriculture Appropriations Subcommittee Chairman
Moran (R-KS) for all of their efforts to ensure this provision was
included in the FY16 Agriculture Appropriations bill, providing USDA
the authority to again make available marketing certificates for the
redemption of loan commodities. Click
or tap here to read more from NCC.
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
Allendale Inc. Sees
Higher Ending Stocks on Upcoming USDA Report
has released their expectations for the USDA World Agricultural Supply
and Demand Estimates Report due next Tuesday midday
at 11:00 CST. Here are the numbers as Allendale sees them for grains
Corn - No production changes will be made on this report. Lower
exports are seen offsetting stronger domestic usage. Our 1.812
billion ending stock estimate would be the largest ending stock since
2005/06. It would be the largest monthly supply/demand estimate since
June. We see USDA holding its Brazil and Argentina production
Soybeans - No production changes will be made on this report. Lower
crush is expected to be recognized by USDA. Our 466 million ending
stock estimate is the largest since 2006/07. For the monthly reports,
not the actual ending stock, it would be the largest since August. We
see USDA holding its Brazil and Argentina production unchanged.
Wheat - Lower exports are seen raising the stock estimate. Allendale
sees the US ending stocks for wheat approaching a billion bushels-
954 million bushels to be exact.
OSU's Kim Anderson Sees
More Upside Potential Than Downside Risk in Current Wheat Market
The wheat market is starting to see some factors that
could bring more support to wheat prices in the near future. In this
weekend's edition of SUNUP, Oklahoma State University Grain Marketing
Anderson said there are a multitude of positive
signals from many of the locations where wheat is produced globally.
For example, there are indications of lower production in India and
North Africa with dry conditions, which may cause them to import more
wheat. Ukraine planted 20 percent less wheat acres. Russia is looking
at potentially some freeze damage to their crop due to cold
temperatures and lack of snow cover. Brazil may have to import more
wheat with lower production. Europe has some quality issues showing
up with some wheat having ergot in it this week. Canada also reported
their wheat stocks were lower than expected and the U.S. dollar index
dropped about 2.2 percent this week. Anderson said there's a lot of
positive signs out there, they are just not together yet to push
The high U.S. ending stocks is a negative factor with over 900
million bushels. U.S. hard red winter wheat export sales have been
weak, coming in lower than expected. Anderson said there are also
projections of record projected world wheat ending stock of 8.5
In looking at harvest prices, Anderson said the July Kansas City
wheat futures contract has been trading mostly from $4.83 - $4.93.
With basis, that leaves a forward contract price for harvest delivery
around $4.25 - $4.41, which is below the cost of production.
"I think with the price below the cost of production, there's no
reason to price your wheat," Anderson said. "I think
there's more upside potential than there is downside risk."
SUNUP host Dave
Deken talks with Dr. Anderson for this weekend's
or tap here to listen to the full interview and take a look at
the SUNUP show lineup for this weekend.
Randy Blach Says Peaks
and Valleys Will Help Cattlemen Regain Focus in 2016
The latest U.S.
Department of Agriculture cattle inventory report
shows an increase of the U.S. beef cowherd population to 30.33
million head. That's an increase of one million head over one year
ago. But USDA also reduced the cow number of January 1, 2015 by
400,000 head from 29.7 million head down to 29.3 million
head. USDA showed a million head increase in 2015,
but a smaller increase in 2014. CattleFax Chief Executive Officer
said getting that number above 30 million head is a step in the right
"I don't think we would have had an industry that would have
dropped the number of beef cows much below 31 and a half to 32
million head had it not been for the magnitude of the drought,"
A year ago, Blach thought the industry could handle those levels as
long as demand stayed close to current levels. He said there could be
a two to three million head increase in the number of beef cows
through this expansion phase. He is comfortable in getting back close
to 32 million head, but one unknown is the shaky global environment.
"That will pass too," Blach said. "You know all these
markets correct. All markets correct and this is what we are seeing
around the world."
In coming out of 2014, life couldn't get any better with record
cattle prices. Blach said the market went from euphoria to panic and
fear when the cattle market crashed in the second half of 2015. He
said hopefully we were reminded that we make money at the point where
we buy cattle, not where we sell cattle.
I featured Blach on the Beef Buzz as heard on radio
stations across the region. Click
or tap here to listen to today's Beef Buzz.
For nearly a
Milling has been providing ranchers with the
highest quality feeds made from the highest quality
ingredients. Their full line of A&M Feeds can
be delivered to your farm, found at their agri-center stores in
Stillwater, Davis, Claremore and Perry or at more than 100 dealers in
Oklahoma, Arkansas, Kansas and Texas.
We appreciate Stillwater Milling's long time support of the Radio
Oklahoma Ag Network and we encourage you to click here to learn
more about their products and services.
Oklahoma's Brett Morris
Promotes Beef Through National Leadership Role of Beef Checkoff
Beef is beef. That's a message being carried by
Oklahoma beef producer Brett
Morris. He is third-generation dairy farmer that runs
a dairy, cow/calf and stocker operation, as well as the Washita
Fertilizer Company, in partnership with his father. Their diversified
farming operation consists of about 1,000 acres of alfalfa, wheat and
grassland, 50 registered Holstein cows for milking, 60 beef cows, and
40 head of stocker calves.
"Beef is beef," Morris said. "What people probably
don't realize is 20 percent of the beef produced in the United States
does comes from dairy. So dairy does have a role in the beef
Morris has been active in promoting beef for many years. He joined
Beef Council in 2006, served as a director on the Federation of State Beef
Councils and now is serving as Vice Chairman for the Cattlemen's Beef Board
(CBB). That position is appointed by the U.S. Department of Agriculture.
The individuals are nominated by state groups. He was nominated by
the Dairy Farmers
of America (DFA).
The CBB is the national board that controls how beef checkoff funding
is spent that is collected in each state. The state collects the $1
per head assessment, 50 cents is retained in the state and 50 cents
goes to the CBB. The board consists of 100 members nationwide and
they are represented by cattle numbers. Oklahoma has five members,
Kansas has six and Texas has 14 on the board. The CBB is all about
the checkoff, from how the funding is collected and invested. Morris
said CBB is audited internally, externally, as well as by USDA, so
there are lots of oversight. With his involvement in CBB through the
years, Morris said the board members nationwide are very harmonic in
how they get along.
"From what I've seen, the producer needs to be very comfortable
about his money is spent, because we are very frugal, we are research
based and we're consumer focused," Morris said.
can hear my visit with Brett by clicking
or tapping here- and check out our conversation with Brett on
Saturday morning- he
will be my guest for In the Field as seen on KWTV News9 around 6:40
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.
Organizations "All In" on TPP While Soybean Folks Call It a
The signing of the 12 nation Trans-Pacific Partnership
(TPP) Thursday in New Zealand marks another step toward putting the
world's largest free trade agreement into action. National Association of Wheat
Wheat Associates and the American Soybean Assoication
all welcome this step and now call for rapid consideration and
eventual ratification of TPP by Congress.
"Wheat growers are "all-in" regarding the promise of
the Trans-Pacific Partnership," said NAWG President Brett Blankenship,
a wheat farmer from Washtucna, Wa. "Expanding sales and market
share are important pillars to help revitalize the wheat industry.
Now the ball is in Congress' court and NAWG urges Congress to act
more here from NAWG and USW and their wheat industry perspective
of the Pacific Rim trade deal.
American Soybean Association President Richard Wilkins,
a farmer from Greenwood, Del., reiterated his group's support and
encouraged Congress to press through election-year rhetoric and get
to work on the TPP in 2016 in this statement on Thursday:
"With valuable, established markets alongside promising emerging
markets, the 11 partner nations within the TPP combine to make this
one of our most significant policy priorities right now. We are
absolutely committed to the full-court press that we'll need to move
it across the finish line this year. We know that the election makes
everything harder, but this is important enough that we're ready to
do whatever it takes.
"What we need from Congress is a commitment to move beyond the
shortsighted focus on November and see what this agreement means for
our economy, both in rural communities and nationwide. It means
increased demand at home and abroad, which drives exports, which
support jobs and economic activity all across the country. Election year or not, the TPP
is a no-brainer."
This N That- Roger Mills
County Cattlemen Bull Sale, Congrats to Claud Evans and Women In Ag
The annual Bull Sale of the Roger
Mills County Cattlemen's Association is planned for
tomorrow midday in Cheyenne.
For their 38th annual sale, they have over fifty breeding age bulls-
both Registered and Commercial. Breeds being represented include
Angus, Lim-Flex, Limousin, Composite, Simmental-Angus, Red Angus,
Hereford and Balancer.
For details, click
here to jump over to our calendar listing where we have the link
to their lot by lot listings.
U.S. Secretary of Agriculture Tom
Vilsack appointed OSU Alum Dr. Claud Evans
to a 15-member U.S. Department of Agriculture Minority Farmers
"This appointment is meaningful to me because it'll give me an
opportunity to be of service to a group of people who are sometimes
underserved by the federal grants and monies that are available to
farmers in general," Dr. Evans said. "It's also unique
because it's an honor to have been selected by the Secretary of
Agriculture to be a part of this advisory committee he has put
Dr. Evans operates the Okfuskee County Veterinary Clinic in Okemah.
In addition to formerly serving as a member of the OSU/A&M Board
of Regents, he currently is one of Oklahoma's two representatives on
the Southern Region Council on Agricultural Research, Extension and
details are available here about the appointment and the impact
that Dr. Evans has had on agriculture and the OSU Division of Ag
Winds of Change is the theme of the 2016 Women in Ag Conference that
is planned for this coming Thursday in Tonkawa. Their keynoter for
2016 is our friend Lyndall
Stout, who is the Director OSU Ag
Communications and SUNUP TV Host.
After Lyndall speaks, they have a multiple breakout sessions planned
for attendees to choose from- one in the AM and a second set after
For details about those breakouts and registration details- click
here for our calendar entry on our website
AND- we encourage you to check out our calendar from time to time-
lots of things are happening and we are adding new events almost
daily. If you have an event that you are involved with that we
need to add- just email me and we will get it
thanks to Midwest Farms Shows, P & K Equipment,
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
Association, Pioneer Cellular,
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!
also invite you to check out our website at the link below to check
out an archive of these daily emails, audio reports and top farm news
story links from around the globe.
Click here to check out
God Bless! You can reach us at the following:
Oklahoma Farm Bureau is Proud to be the
Presenting Sponsor of the Ron Hays Daily Farm and Ranch News Email