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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 last Friday ahead of the President's Day
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
Tuesday, February 16, 2016
a Low Price Global Environment, US Wheat Exports Increase in Markets
That Demand High Quality
to US Wheat
Associates, circumstances in today's global wheat
market are generating some breathless headlines. Plentiful wheat
supplies, a strong U.S. dollar and record low freight rates are
making it possible for Black Sea region, Canadian and Argentine
exporters to sell more of their wheat at low prices in more markets
around the world. While it is accurate to say U.S. wheat export
volume is down, predictions of U.S. wheat becoming a second tier
source of wheat rely on old perspectives of what is now a changing
and highly segmented world market.
wheat use and global wheat trade is growing and has
set records in two of the past three marketing years. Much of that
sustained growth is happening in markets that demand diverse types of
wheat to produce premium ingredients in high-quality products. Unlike
other wheat exporting countries and regions, U.S. farmers do not
produce "generic" wheat. They supply six distinct wheat
classes with excellent functional qualities and value for specific
uses in specific end-product wheat foods.
That is why even under the current conditions, U.S. wheat exports are
steadily increasing in markets that demand high quality. This is
especially true in Asia and Latin America.
More about these positive developments for US wheat in the international
market is available
here on our website in this report that comes from the weekly US
Wheat Associates Wheat Letter.
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Noble Foundation's Texoma
Cattlemen's Conference Set for Friday, February 26th in Ardmore
The U.S. beef cattle industry leads the world's cattle producers in
adoption of science and technology innovations, but the ever-changing
landscape requires constant education.
To help cattle producers keep up with that changing landscape, The
Noble Foundation will host its fifth annual Texoma Cattlemen's
Conference, one of the premier beef conferences in the Southern Great
theme in 2016 is The Cattle Industry: Evolving through Innovation and
Technology. The conference will take place Friday,
Feb. 26, at the Ardmore Convention Center. This year's conference
will showcase the impact technologies have had on the beef industry
and the emerging technologies that could prove valuable to cattlemen.
Aljoe says of this year's event "As profit
margins become more difficult to sustain, it is critical that
producers adopt and use proven technologies and maintain awareness of
the emerging technologies that have potential to enhance efficiencies
their operations. These technologies are not just for the innovative
producers; they are for all producers when applied strategically. The
challenge is identifying which technologies are most applicable then
incorporating them into a management plan. This conference will help
producers navigate this process."
I am honored that the Noble folks have asked me to moderate once
again here in 2016- and they have assembled a stable full of
thoroughbreds for me to introduce to those who attend- click
here to see the speaker lineup and get more details about
registering for this year's Texoma Cattlemen's Conference.
Beef Genomics is
Providing Accuracy in Genetic Selection for Cattle Producers
With the rapidly developing world of genomics in beef cattle
breeding- improvements in the information that a cattle producer can
see about their cattle is amazing. That's the takeaway from a
conversation that we had with Ryan
Ruppert of Neogen at the recent Cattle Industry
Convention in San Diego. Ruppert says that when he was in school not
that many years ago- genomics was not even a word. (Ruppert has since
joined the American Angus Association staff)
The world of genomics as it relates to the Beef Cattle business
really began in 2007, when the bovine genome sequence of the Hereford
Beef Cow Dominette was finished. Ruppert says that now "genomics
is a major part of cattle producers everyday life- and that if you
havn't been doing anything with genomics- you will be."
Ruppert says in today's Beef Buzz that this is all about the accuracy
on the production information a cattle producer can learn about their
animals at an earlier age than ever before. It results in "the
kind of accuracy of data that it used to take years to get on your
here to read more and to listen to his description of the
incredible advances we are making in how we can select our next
generation of beef cattle more precisely than ever before.
Derrell Peel Offers a
Look Ahead at US and Canadian Beef Cattle Trade for 2016
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. Today, Dr. Peel looks at cattle trade
between the United States and our neighbor to the north, Canada.
"With the final 2015 trade data in hand, it is possible to look
back and summarize 2015 North American cattle trade. Limited cattle
inventories, market conditions and exchange rates all played a part
in 2015 cattle trade between the U.S. and Canada and suggest what
might be expected in 2016.
"Total imports of Canadian cattle were down 33.2 percent year
over year in 2015 with decreases across the board for all cattle
types. This follows three years of year over year increases in
imports of Canadian cattle with the 2015 total dropping back near the
2012 level. This reflects small Canadian cattle inventories that have
not yet begun to rebuild. Total fed steer and heifer imports were
down 42.3 percent, with fed steers down 40.6 percent and fed heifers
down 44.6 percent. Average Canadian feedlot placements in 2015
reached the lowest levels in data going back to 2000. Though year
over year feedlot placements in Canada have increased the past three
months, it is likely that feedlot production in Canada will remain
low as there is no indication that cattle inventories have increased
yet in Canada. Herd rebuilding may begin in 2016 but dry conditions
remain in western Canada (though less severe compared to several
months ago) and may limit herd expansion in 2016 as it did in
The entire analysis
from Dr. Peel can be found here on our Oklahoma Farm Report
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Seasonal Drop in Boxed
Beef Prices Seen This Past Week by Market News Reporter Ed Czerwein
On a regular basis, Ed
Czerwein of the U.S. Department of Agriculture Market
News Office in Amarillo, Texas offers a review of the previous week's
boxed beef trade. Here is the weekly boxed beef trade for week ending
February 13th- you can listen to Ed's commentary on the trade by
clicking on the LISTEN BAr below.
The daily spot Choice box beef cutout ended the week last Friday at
$216.08 which was $4.52 lower compared to the previous
Friday. There were 675 loads sold for the week in
the daily box beef cutout which was about 12 percent of the total
The Comprehensive or weekly average Choice cutout which includes all
types of sales including the daily spot cutout was $215.67 which was
However, this is
the time of the year when we normally see these wholesale boxed beef
prices fall. Last year we dropped 18 dollars from the
end of January to the end of February but then started the spring
here for more from Ed on our boxed beef trends at the mid point
of the first quarter of the new year.
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Antibiotic Stewardship: From
Metrics to Management- Laying the Groundwork for Continued Use of
Antibiotics in Animal Ag
It comes as no surprise to cattle producers and others in the
livestock business- but the issue of Antimicrobial Resistance- or AMR-
is a complex issue- and while there are lots of questions, animal
health and human health professionals are struggling to find many of
the answers to those questions.
Last fall, there was a major conference in Atlanta looking at the
issue of AMR- and recently, the "white paper" on the
outcome of that conference has been released. Beef checkoff dollars
were involved in the funding of the symposium.
Attendees heard presentations from scientists, animal and human
health professionals, governmental public health officials, and representatives
of companies involved in the animal pro tein supply
chain. These presentations pointed out particularly
the dramatic changes which have taken place since the first NIAA
antibiotic symposium in 2011:
Animal and human health professionals and medical practitioners are
much more aware of the concept of antimicrobial stewardship
Consumers have begun to drive change with their increasing interest
in having "antibiotic-free" options at the retail groceries
Federal and state governments have instituted a variety of new
guidelines and regulations covering both animal and human health
pertaining to the labeling and use of antibiotics
The Federal government has issued a new National Strategy and formed
an independent advisory panel to address AMR and provide guidance to
Four main "takeaways" came from that conference. Our
webstory on the event has those listed and has links to read more
from that gathering- click
or tap here to get those takeaways and more.
This N That: OALP in
Vietnam, Jill Smart to AFR and Warm Weather Words from Alan Crone
Class XVII of the Oklahoma Ag Leadership Program continues their
travels in Vietnam- they have moved on from Hanoi where they started
to Danang and gotten out more into the countryside.
This International Capstone to the Ag Leadership Program experience
is a mixture of seeing the history and culture of this country.
meeting the people and seeing their agriculture.
I am pleased that Craig
Woods from the Ag Communications Division of OSU was
able to go along to help document this year's travels- one of my
favorite pics he has shared thus far comes from the streets of Hanoi-
will have more- courtesy of Craig, as the week unfolds.
Recent OSU grad Jill
Smart has been named as the new AFR Youth
Coordinator. AFR President Terry
Detrick says of this latest addition to his staff
"We place a high priority on surfacing and developing youth
leaders. Jill's unique background and skill set is well suited
to working with the many great young leaders we have in
She will keep busy- as she will coordinate the annual AFR youth
speech contest, poster contest, summer youth leadership summit,
statewide scholarships, livestock handling and skills contest,
livestock judging and grading, and many other leadership
It seems like it was the week before last when I was interviewing
Jill as she competed in the State Beef Ambassador Contest- she won
that and was impressive then- and still is after her time in
Stillwater at OSU.
In his Tuesday morning weather blog, Alan Crone with the News on 6
writes "A fast moving short-wave will zip across the central
plains before turning the corner across the Missouri Valley during
the next few hours. The result will be another wind shift
this morning from the southwest to the northwest. Wind
speeds will increase around 10 to 25 mph today. A
relatively low humidity during the afternoon combined with
temperatures in the 60s, and dry vegetation, will keep the fire
danger elevated across the state.
"A warming trend will continue for both Wednesday and Thursday even
though the exact magnitude of high temperature Thursday is
unclear. The fire danger could increase to near critical
levels during this period, more so Thursday, as strong south to
southwest winds from 20 to 40 mph will be likely."
In other words- HANG ONTO YOUR HAT!
Alan's complete look at our Oklahoma weather is on the News on 6
website and available
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
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