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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.
Our
Oklahoma Farm Report Team!!!!
Ron Hays,
Senior Editor and Writer
Pam Arterburn,
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Dave Lanning,
Markets and Production
Leslie Smith,
Editor and Contributor
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Oklahoma's Latest Farm and Ranch News
Presented by
Your Update from Ron Hays of RON
Tuesday, February 9, 2016
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news
update.
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U.S. Pork Exports Solid
in December; Beef Exports End a
Disappointing 2015 12% Lower Compared to 2014
U.S.
pork exports posted a strong finish in 2015 as December volume was
the largest since April and the third-largest of the year, according
to data released by USDA and compiled by the U.S. Meat Export Federation
(USMEF). Beef exports were below year-ago levels in December and
posted the first full-year value decline since 2009.
December U.S. beef exports totaled 94,586 mt, down 6 percent from a
year ago and slightly lower than in November, while export value fell
21 percent to $507.3 million. In
2015, beef exports were down 11 percent from a year ago in volume
to 1.07 million mt. Export value was $6.3 billion, 12 percent below
the 2014 record of $7.14 billion.
Beef exports accounted for 13 percent of total 2015 production and 10
percent for muscle cuts only - each down one percentage point from a
year ago. Export value per head of fed slaughter averaged $277.87,
down 7 percent from the previous year's record but still up 13
percent from 2013.
December exports of U.S. pork were up 3 percent from a year ago to
188,410 metric tons (mt). Export value was $468.9 million, down 13
percent from a year ago but the highest since May. For the full
calendar year, pork exports were down 2 percent from a year ago in
volume (2.13 million mt) and 16 percent lower in value ($5.58
billion).
Pork exports accounted for 24 percent of total 2015 production and 21
percent for muscle cuts only - down from 26.5 percent and 22 percent,
respectively, in 2014. Export value per head slaughtered averaged
$48.31, down 23 percent from 2014.
Click
or tap here to read more about other 2015 export highlights
for U.S. beef, pork and lamb.
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Sponsor Spotlight
The presenting
sponsor of our daily email is the Oklahoma Farm Bureau - a
grassroots organization that has for its Mission Statement- Improving
the Lives of Rural Oklahomans." Farm Bureau, as the
state's largest general farm organization, is active at the State
Capitol fighting for the best interests of its members and working
with other groups to make certain that the interests of rural
Oklahoma are protected.
Click here for their website to
learn more about the organization and how it can benefit you to be a
part of Farm Bureau.
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Class XVII of Oklahoma Ag
Leadership Program Ready for International Travel
The 17th class of the Oklahoma Ag Leadership Program
(OALP) is packing their bags for their international travel
experience. The 23 class members will travel this month to Vietnam
and the Philippines. OALP Executive Director Dr. Edmond Bonjour
said Vietnam is a thriving country to watch.
"Vietnam is very progressive right now," Bonjour said.
"They are trying to become a non-third world country by the year
2020. So, they are very aggressive in their marketing strategies and
their exporting and importing systems."
Vietnam is also among the 12 countries involved in the Trans Pacific Partnership
(TPP). The capstone seminar will allow members to
look at marketing systems, labor issues and how the government
handles imports and exports. Bonjour said the international travel
study experience will allow class members to gain a better
understanding of how Oklahoma agriculture fits into the global
picture. Click
or tap here to listen to my interview with OALP's Edmond
Bonjour.
The end of one class will also mark the start of recruiting for the
18th class of OALP. The first session will be held in late summer
2016 with graduation in April 2018. The application deadline is May
first. You can find more information online and the Class XVIII
application at oalp.okstate.edu.
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AFR Members to
Discuss Critical Issues During Annual Convention
Water, school consolidation and property taxes
headline the list of issues to be discussed by Oklahoma agricultural
leaders attending the annual American
Farmers & Ranchers convention Feb. 19-21, Embassy
Suites Hotel, Norman, Okla.
"We have always been concerned about water supplies, movement
and control of water," said AFR President Terry Detrick.
"Voting delegates at last year's annual convention made it clear
we oppose the sale of Oklahoma water out-of-state without meeting the
needs of the state and local area and encourage federally recognized
Indian tribes to do likewise," Detrick said.
There has been speculation the state may attempt to fill budget holes
with revenue from out-of-state water sales.
"Some people believe the state is missing an opportunity by
allowing excess water to leave the state," Detrick said.
"In wet years, such as 2015, the state may indeed have more than
adequate water supplies, but many years that would not be accurate.
As any Oklahoma farmer knows, rainfall is unpredictable and often
falls short of our needs. I would not want to sign a contract
obligating Oklahoma to sell water to out of state interests while
Oklahomans go without water," Detrick said.
The farm group is also closely watching school consolidation
discussions. Click
or tap here to read more about AFR's current policies
and convention schedule.
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More Feeder Cattle, but Where
Are They? Peel Offers Insight
Mondays, Dr.
Derrell Peel, Oklahoma State
University Extension Livestock Marketing Specialist, offers his
economic analysis of the beef cattle industry. This analysis is a
part of the weekly series known as the "Cow Calf Corner"
published electronically by Dr. Peel and Dr.
Glenn Selk.
"The annual Cattle report estimated that total cattle
inventories in the U.S. were up 3.2 percent year over year at 92.0
million head. From various inventories categories we can calculate an
estimated supply of feeder cattle outside of feedlots. For January 1,
2016, this estimate is 25.9 million head, up 5.3 percent from one
year ago. This is a 1.31 million head increase in the estimated
feeder supply. This compares to the 2.3 percent year over year
increase in the 2015 calf crop, up 780 thousand head. The ratio of
the estimated feeder supply to the 2015 calf crop is 75.5 percent, up
slightly from last year and indicates some increase in carryover of
feeder cattle from 2015 into 2016. That leads to the question of
where those cattle are.
"In general, the states that typically have large feeder
supplies on January 1 got bigger with these numbers. The exception
was Texas, which has the largest estimated feeder supply among states
but was down 3.4 percent on January 1, from one year ago. Other major
feeder supply states, in rank order including Oklahoma, Kansas,
Nebraska, Missouri, California, Iowa and South Dakota all have more
than one million head of feeders and all increased from 2015 levels.
Increased feeder supplies in those states accounted for 59 percent of
the total increase in U.S. feeder supplies. Feeder supplies were also
up significantly in Colorado, Kentucky and Tennessee.
Click
or tap here to read more about feeder cattle supplies from
Derrell Peel.
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Sponsor
Spotlight
We are happy to
have the Oklahoma
Cattlemen's Association as a part of our great lineup
of email sponsors. They do a tremendous job of representing cattle
producers at the state capitol as well as in our nation's capitol.
They seek to educate OCA members on the latest production techniques
for maximum profitability and to communicate with the public on
issues of importance to the beef industry. Click here for their
website to learn more about the OCA.
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NCBA's Colin Woodall
Believes Senate Control May Flip in the November Elections
There has been a lot of focus on who will claim the
White House after eight years of the Obama Administration. National Cattlemen's Beef
Association (NCBA) lead lobbyist Colin Woodall said you also need
to be watching closely the Senate elections this fall. There could be
a flip in the control of the upper body of the U.S. Congress as well.
He doesn't think there will be much of a shakeup in the U.S. House of
Representatives, but the U.S. Senate could change control with the
Democrats regaining the upper hand.
"So, we have to keep that in mind, as we look at a whole new
administration coming in, with their regulatory regime and what they
may want to try to do to the cattle industry," Woodall said.
An election year will make it tough for Congress to get much done.
Some believe Congress has already accomplished what they can get done
for the year. Woodall said he is not to that point yet.
"I think that's really looking at what the speaker had laid
out," Woodall said. "Speaker Ryan has been very successful in
his term and he has said that he is going to continue to work
throughout the year. Specifically, he wants to work the
Appropriations process through regular order. So, with that, I think
he's really going to hold these committees to holding hearings to actually
moving bills, so they could work through the spring into the early
summer. Now once they leave for the July recess, I think that's
probably it. But we could probably get some work out of them here in
the spring."
I featured Woodall on the Beef Buzz, as heard on great radio stations
across the region. We also talk about the Trans Pacific Partnership
and GMO labeling. Click
or tap here to listen to today's Beef Buzz.
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Want
to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning
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.
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Deadline to Nominate Individuals
for the Oklahoma Excellence in Agriculture Awards Is Friday
In 1998, the Governor's Outstanding Achievement Award in Agriculture
was created to recognize those who have helped lead the industry
while demonstrating exemplary personal values and pursuing
agricultural achievements in Oklahoma. We now have 18 award winners
who are a part of the Oklahoma Ag Hall of Fame- and the search for
the 19th member to be added to that group is currently underway.
The deadline for nominations is THIS WEEK- with Friday, February 12th the final
day that nominations will be accepted by the Oklahoma
Department of Agriculture, Food and Forestry (ODAFF) for a total of
four Oklahoma Excellence in Agriculture Awards.
The award winners will be announced at a recognition ceremony on
March 30 at the state capitol as part of the state's annual Oklahoma
Ag Day celebration.
The Governor's Outstanding Achievement Award in Agriculture continues
to be the cornerstone of these awards presented by the state of
Oklahoma. However, three additional awards were added last year.
ODAFF also presents the Agriculture Environmental Stewardship Award,
Outstanding Legacy in Agriculture Award and Outstanding Public
Service in Agriculture Award. The Legacy in Agriculture Award is the
only one strictly for posthumous nominees.
Details of all of these awards are available
here.
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Happenings- Cowboys at
the Capitol, Superior Sales and Gina Explaining
As the 2016 State Legislative Session gets on track,
the Oklahoma Cattlemen are doing a weekly YouTube update of what is
happening at the state capitol- It sounds like Michael Kelsey
is especially watching what is happening on Lincoln in regards to
taxes as lawmakers are looking for revenue to replace the billion
dollar shortfall from the horrendous fall in crude oil and natural
gas prices.
Here's his update from the early days of the session:
There is a regular every other week Superior Video Livestock Sale
set for this coming Friday- about 20,000 to be sold on satellite and
via the internet- details
on that sale are here.
But- we also wanted to remind you that Superior is
planning an ON LOCATION sale two weeks from now on February 26th-
happening at Embassy Suites on Meridian in Oklahoma City. You can
consign cattle for that sale between now and next Monday- and
Superior invites you to come and watch the sale in person on that
Friday morning. The sale will start at 8:00 AM central time on the
26th- and we will have more details coming soon- here's
the link on their website for that sale, including how to get a
buyer's number and how to consign for that sale.
The House Ag Committee, Chaired by Texas Lawmaker Mike Conaway,
will be holding a rescheduled full Committee Hearing this Thursday
morning at 9:00 AM central time- with their lone witness to be Gina McCarthy,
Administrator of the EPA.
Chairman Conaway says that "Administrator Gina
McCarthy will be called on to explain her agency's decisions and
discuss with members of Congress how we might work together to ensure
that future actions by the EPA do not harm American
agriculture."
Details are available
here.
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Our
thanks to Midwest Farms Shows, P & K Equipment,
American Farmers
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
Association, Pioneer Cellular,
Farm Assure
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
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on a regular basis- at NO Charge!
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also invite you to check out our website at the link below to check
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WWW.OklahomaFarmReport.Com
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