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Let's Check the Markets!
Today's First Look:
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 or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
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
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, September 1, 2016
American Made Farm Equipment Exports Suffer From Agriculture's Economic Downturn
Exports of U.S.- made agricultural equipment at midyear 2016 dropped 12 percent overall compared to the first half of 2015, for a total $3.54 billion shipped to global markets.
Europe and Central America continued to show growth, with the double-digit declines in other world regions led by Asia and South America, according to the Association of Equipment Manufacturers (AEM), citing U.S. Department of Commerce data it uses in global market reports for members.
"Midyear 2016, U.S. agricultural equipment exports to the world continue to decline, though lower than in previous quarters. Looking at the Q2 results of our North American Agricultural Equipment Industry Conditions Trends Survey, which tracks the perceptions of member manufacturers, of those that exported goods, 33 percent of respondents indicated falling exports and 40 percent indicated stability," said AEM's Benjamin Duyck, director of market intelligence.
"It is important to note that while ag equipment exports might suffer double due to the overall ag downturn, a deterioration in export levels is a nationwide problem. With the global economic malaise, the slowdown in emerging markets and the negative interest rates in several economies' bond markets, investment is flowing to the U.S. and U.S. stocks, driving up demand for the U.S. dollar, inadvertently affecting our competitiveness abroad."
to see specific export numbers by world region.
KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.
And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
|Millions Pledged to Grow Soil Health Program to Support Environmentally Preferred Farming Practices
A revolutionary effort to support on-farm conservation has added a new partner representing major agricultural companies, food companies and environmental groups. The new collaboration will accelerate the Soil Health Partnership's leadership in helping farmers adopt practices that protect natural resources while potentially increasing profits.At the Farm Progress Show in Boone, Iowa, the industry-leading companies and environmental organizations announced the launch of the Midwest Row Crop Collaborative. Its goal is to support, enhance, and accelerate the use of environmentally preferable agricultural practices.
The Midwest Row Crop Collaborative's founding members include Cargill, the Environmental Defense Fund, General Mills, Kellogg Company, Monsanto, PepsiCo, The Nature Conservancy, Walmart and the World Wildlife Fund. The overall shared goal is to help achieve a 45 percent nutrient loss reduction by 2035 across the Upper Mississippi River Basin - chiefly nitrogen and phosphorus.
As part of this effort, the Collaborative has committed to raise $4 million over five years to augment the Soil Health Partnership, a farmer-led initiative of the National Corn Growers Association established in 2014.
With more than 65 farm sites already enrolled in nine Midwestern states, the new funding commitment recognizes SHP as the leader in field-scale testing and measuring of management practices that improve soil health. These practices include:
- Growing cover crops to prevent erosion and nutrient losses,
- Implementing conservation tillage like no-till or strip-till, and
- Using advanced, science-based nutrient management techniques to reduce nutrient loss.
to read more about the initiative's conservation efforts.
|Noble Foundation Invites Producers to Attend High Stock Density Grazing Workshop
The Samuel Roberts Noble Foundation will host a Fall Grazing Workshop from 9 a.m. to 3:30 p.m., Tuesday, Sept. 13, 2016, at the Dixon Water Foundation Betty and Clint Josey Pavilion, located at 5190 County Road 398 in Decatur, Texas.This workshop, which is open to the public, is designed to assist agricultural producers in improving their pastures and grazing management skills. "This one-day workshop will help seasoned producers refresh their management skills," said Hugh Aljoe, producer relations manager. "It will also assist new ranchers in developing proper grazing management strategies to enhance both ecologic and economic sustainability."During the workshop, the Dixon Water Foundation ranch managers and Noble Foundation consultants will discuss and demonstrate adaptive multi-paddock grazing using high stock densities in both fixed and flexible paddock design/construction, and multispecies livestock grazing.The registration fee is $20, and lunch will be provided. For more information or to register, please visit www.noble.org/AgEvents, or contact Danielle Pacifico at 580-224-6376 or Maggie Scott at 580-224-6375.
|After All Things Considered, SuccessfuPreconditioning Strategies Are All About Timing
With the current marketplace, there is a lot of opportunities for producers to precondition calves before moving them to the feedlot. According to Extension Beef Veterinarian Dr. AJ Tarpoffthough, producers need to have a strategy in place to make their preconditioning program successful."We have to take into account both health, gains, nutrition, everything together to make a preconditioning strategy work," Tarpoff said. "Preconditioning is a time we can get a big jump before entering the feedlot."Dr. Tarpoff says producers will have a variety of health factors to consider during preconditioning including vaccines and preventative measures as possible controls for illnesses such as intestinal parasites, coccidia and worms. He recommends working with your local vet to help prioritize what health risks are important to pay attention to in your area, and which ones are not as threatening, to reduce health related stress in your herd.Producers should also bear in mind that successful preconditioning strategies are all about timing, according to Dr. Tarpoff."If we're waiting to touch these animals until after they're weaned," Tarpoff said, "that's a stressed animal. It's best to have that preemptive strike before entering the preconditioning period."Listen to Dr. Tarpoff further explain his pointers for preconditioning strategies during the latest Beef Buzz.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|Deere & Co. and The Climate Corporation Cry Foul at DOJ's Block of Precision Planting Acquisition
Deere & Company and The Climate Corporation said they plan to contest legal action announced Wednesday by the U.S. Department of Justice (DOJ) that seeks to block Deere's acquisition of Precision Planting.
In November, Deere and The Climate Corporation, a subsidiary of Monsanto Company, announced they had signed a definitive agreement for Deere to acquire the Precision Planting LLC equipment business, and the companies cooperated fully with DOJ's antitrust review.
DOJ's allegations about the competitive impacts of the transaction are misguided and the companies intend to defend the transaction vigorously against those allegations. Deere has long been focused on helping American farmers become more efficient and productive so that they can remain globally competitive. The proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions that help farmers increase yield and productivity.
Competition in precision agriculture is strong and growing in all of these channels as companies around the world continue developing new technologies. The acquisition will enable broader access to these advancements by ensuring farmers the choice to either buy new machinery or retrofit older planting equipment with the latest new innovations. When the transaction is finalized, Deere will preserve Precision Planting's independence in order to ensure innovation and speed-to-market and will invest in additional innovation efforts at Precision Planting to benefit customers.
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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.
|ICYMI - Allendale Predicts Record Corn and Soybean Yields- Based on National Producer Survey
Allendale, Inc's 27th Annual Survey of Producers across the U.S. found record yields for corn and soybeans.
Allendale, Inc., a Chicago area agricultural commodity brokerage and analysis firm estimates the U.S. corn yield at 172.6 bushels per acre and 48.5 bushel per acre for soybeans. This equates to a corn crop of 14.942 billion bushels and a soybean crop of 4.026 billion bushels. The estimate is based on producer calculated yields in 31 states.
This survey covers 87 percent of corn production and 83 percent of soybean production in the U.S.
Click here to watch a video with more details described by Rich Nelson, Allendale's Chief Strategist.
|We Welcome the Livestock Exchange at the Oklahoma National Stockyards
It's great to welcome the Livestock Exchange at the Oklahoma National Stockyards as a new sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle. The Exchange reminds you one of the reasons that the Oklahoma National Stockyards is a great place to bring your cattle is the chance to enjoy Stockyards City, where you can go around the corner from the Stockyards enjoy a great steak and shop for the very best in western wear.
|Eastern Oklahoma Poultry Grower Loses Lawsuit- and Grower Contract with OK Foods
A federal judge in the Eastern District of Oklahoma has dismissed a poultry grower's breach of contract claim against OK Foods Inc. of Fort Smith, Arkansas, after the company severed ties with the grower amid concerns over animal welfare standards.
The company terminated its grower's agreement with Earl Oldham of Stigler, Oklahoma, just over a year into the three-year agreement following the drowning deaths of an estimated 19,000 broiler chickens during a May 2015 rainstorm. It was the second mass die-off in five years blamed on groundwater flooding at the farm.
After realizing the water was rising in his three poultry houses, Mr. Oldham requested the company remove all chickens from his property. Upon arrival, a company representative discovered that many of the chickens had already died. OK Foods took immediate steps to relocate the surviving chickens to a nearby poultry farm. After OK Foods notified Mr. Oldham that his contract would be terminated, the grower filed a breach of contract suit.
Click here to read more...
|Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Stillwater Milling Company, Oklahoma AgCredit, 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!
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