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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:
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Ron Hays, Senior Farm Director and Editor
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Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Macey Mueller, Email and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, September 13, 2016
USDA Continues to See Record Corn and Soybean Crops in Latest Crop Production Report
USDA believes the soybean crop is getting bigger- three percent bigger in September compared to the August estimates in the latest Crop Production report released on Monday morning. The soybean crop is now estimated to be 4.2 billion bushels- a record- with a record sized yield of 50.5 bushels per acre. The largest soybean producing state, Illinois, is set to produce a 600 million bushel crop- based on 61 bushels per acre- highest yield of any state in the US.
The corn crop was pulled back by less than one percent compared to the historic August Crop Report- which had us over 15.1 billion bushels and a yield of over 175 bushels per acre- the latest USDA numbers keep us at record levels- and still at 15.09 billion bushels- but slipping just under 175 bpa to 174.4 bpa.
Grain sorghum production is forecast at 488 million bushels, up 3 percent from last month but down 18 percent from last year. Area harvested for grain is forecast at 6.46 million acres, unchanged from August 1 but down 18 percent from 2015. Based on September 1 conditions, yield is forecast at a 75.7 bushels per acre, up 2.2 bushels from last month but down 0.3 bushels from last year. If realized, this will be the second highest yield on record for the United States.
Harvested Upland cotton area is expected to total 9.46 million acres, up 1 percent from August and up 19 percent from 2015. The US Cotton Crop is pegged at 16.142 million bales- up twenty five percent from the 2015 total production.
Click or tap here for a link to the complete USDA Crop Production report.
Also on Monday morning- USDA provided us with their monthly WASDE Supply and Demand report- click here for the highlights of that report and a link to the complete set of estimates from USDA.
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|Wheat Seeding Underway & Favorable Corn Development Continues in Latest Crop Progress Report
The latest U.S. Department of Agriculture crop progress report rates 74 percent of the US Corn Crop as being in good to excellent condition- unchanged from a week ago, 19 percent fair and 7 percent poor to very poor. Harvested corn reached 5 percent, 2 points below average. National soybean conditions remain unchanged from a week ago in the good to excellent ratings- still at 73 percent while soybeans are 20 percent fair and 7 percent poor to very poor. The national grain sorghum condition is down 1 percentage point from a week ago at 65 percent good to excellent, 29 percent fair and 6 percent poor to very poor. Harvested sorghum reached 26 percent, just 1 point below the average. National cotton conditions dropped slightly by 1 point from last week in the good to excellent ratings- at 47 percent, 37 percent fair, 12 percent poor and 4 percent very poor. Harvested cotton reached 4 percent, just under the average by 1 point. For the complete USDA Crop Progress report, click here.In the weekly crop progress report from USDA, Oklahoma corn dough reached 95 percent, up 2 points from the previous year but down 4 points from normal. Corn dented reached 80 percent, down 8 points from the previous year and down 15 points from normal. Corn mature reached 52 percent, up 7 points from the previous year but down 15 points from normal. Corn harvested reached 7 percent, down 1 point from the previous year and down 22 points from normal. Sorghum coloring reached 73 percent, down 9 points from the previous year but up 3 points from normal. Sorghum mature reached 33 percent, unchanged from the previous year and unchanged from normal. Sorghum harvested reached 15 percent, up 3 points from the previous year but up 4 points from normal. Soybeans blooming reached 90 percent, down 1 point from the previous year and down 4 points from normal. Soybeans setting pods reached 83 percent, up 1 point from the previous year and up 2 points from normal. Soybeans dropping leaves reached 16 percent, up 10 points from the previous year and up 12 points from normal. Cotton setting bolls reached 95 percent, down 3 points from the previous year but up 1 point from normal. Cotton bolls opening reached 19 percent, down 1 point from the previous year but down 11 points from normal. Click here for the full Oklahoma report.Corn development continued to progress favorably across Texas, with harvest wrapping up in areas. Meanwhile, wheat seeding is underway in the state. Corn harvest was 58 percent complete, 1 point higher than last week and equal to normal. Mature corn reached 67 percent, 5 points below normal. Sorghum harvest was 60 percent complete, 11 points higher than last week and just 2 points below normal. Across the state, sorghum was 77 percent mature, which is 3 points higher than the five-year average. Soybeans dropping leaves were at 64 percent, 5 points lower than normal. Cotton harvest was at 8 percent, 1 point higher than normal. Cotton bolls opened were at 29 percent, 10 points under the 5-year average. Click here for the full Texas report. In the weekly crop progress report from USDA, Kansas corn condition rated 1 percent very poor, 7 poor, 25 fair, 55 good, and 12 excellent. Corn dough was 97 percent, near 99 both last year and average. Dented was 88 percent, equal to last year, and near 89 average. Mature was 42 percent, behind 48 last year and 49 average. Harvested was 8 percent, near 9 last year and behind 19 average. Soybean condition rated 1 percent very poor, 4 poor, 25 fair, 55 good, and 15 excellent. Setting pods was 95 percent, equal to both last year and average. Dropping leaves was 12 percent, near 16 last year, and behind 18 average. Sorghum condition rated 1 percent very poor, 3 poor, 22 fair, 58 good, and 16 excellent. Sorghum coloring was 84 percent, ahead of 78 last year, and well ahead of 62 average. Mature was 19 percent, equal to last year, and ahead of 11 average. Harvested was 1 percent, near 2 both last year and average. Click here for the Kansas report.
|Let's Be Clear - Sustainability is All About Staying in Business
When people think about sustainability, they often have different interpretations from others. That is what makes grasping the concept of a sustainable beef operations so difficult sometimes, according to Dr. Sara Place of Oklahoma State University's Animal Science Department.
"The way I always like to define sustainability, if you are an individual beef producer," Place said, "is that you're going to be paying attention to long-term business viability, stewardship of the natural resources you're taking care of, and thinking about the responsibility to your family, to the bigger community and of course to the animals."Place says that like any business that wants to accomplish anything, your first consideration has to be the economics; you have to stay in business to do anything, including being sustainable. Stewardship of your resources, she says, could entail how you manage your forage program or what steps you take to create wildlife habitat on your property. The trickiest part she says though is the social aspect. For your family, Place says sustainability in your operation means it has the potential to remain economically viable and is able to be passed down to your children or heirs. Place says too, that we must consider the larger community and society as a whole for that matter. This is where confusion often manifests about sustainable agriculture because producers have to understand all the differences in expectations that people in society have about it. The final part is your responsibility to care for the animals you raise. Place says that when it comes to the social factor, you just need to be open and share the good work you are doing on your operation."Stay in business, take care of your land, take care of your animals and your family," Place said, "that's what sustainability is."Listen to Dr. Place explain her views on sustainability in the beef industry during the latest Beef Buzz.
|American Farm Bureau Claims EPA Violated Personal Privacy of Thousands of Farmers and Ranchers
The Environmental Protection Agency has violated the personal privacy of tens of thousands of farmers and ranchers, according to a unanimous ruling issued by the United States Court of Appeals for the Eighth Circuit. The ruling in American Farm Bureau Federation and National Pork Producers Council vs. EPA concerned the federal agency's 2013 release to three environmental groups of a vast compilation of spreadsheets containing personal information about farmers and ranchers who raise livestock and poultry in 29 states. The case also related to similar personal information from farmers and ranchers in seven additional states that had yet to be released. The information included the names of farmers, ranchers and sometimes other family members, home addresses, GPS coordinates, telephone numbers and emails. EPA claimed that it was required to disclose the information under the Freedom of Information Act (FOIA)."This was an unwarranted invasion of personal privacy by a federal agency in violation of law," said AFBF General Counsel Ellen Steen. "The court's decision is a vindication of the right of farm families to control their own personal information. Farmers and ranchers have a strong privacy interest in their personal information, including their home address, even when they live and work on the farm."Click here
to read more about the court's ruling.
Midwest Farm Shows is our longest running sponsor of the daily email- and they say thanks to all of you who participated in their 2016 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2016- the dates are December 8th, 9th and 10th. Now is the ideal time to contact Ron Bormaster at 507-437-7969 and book space at the 2016 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
|Eating Healthy Means Different Things to Different Generations
It's no secret that Millennials are changing the food and nutrition landscape, but Baby Boomers have their own set of unique ideas about what they want on their plate.
The International Food Information Council (IFIC) Foundation recently dug deep into what Boomers think about food and nutrition in the "2016 Food & Health Survey" and found that perceptions of the healthfulness of certain foods vary dramatically among generations, especially between Boomers versus Millennials.
The survey revealed that Boomers look for different health benefits from their food compared to other generations, particularly Millennials, according to the survey results. They are also more likely than Millennials to be interested in health benefits associated with foods such as weight management, cardiovascular health and digestive health. Millennials, on the other hand, are more likely to be interested in benefits of mental health, muscle health and immunity associated with foods.Click here to read more
about this study- which shows how the generations are shaping the food industry on an almost continuous basis.
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|International Trade Will Play Major Role in Keeping Beef Industry Balanced During Expansion
Each week, 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. This week, Dr. Peel touches on how international trade will help in stabilizing the beef industry during this period of expansion.
"Markets work best and most efficiently not by stopping and starting abruptly but by gently tapping the brakes or the accelerator as conditions change. International trade of cattle and beef is a significant buffer that reduces drastic market swings in U.S. markets. In 2014 and 2015, record high U.S. prices, reduced supplies had the expected effect of stimulating beef imports and cattle imports while retarding beef exports. A strong U.S. dollar exaggerated those effects both ways. Increased beef imports augmented supplies of beef, especially supplies of lean processing beef (primarily for ground beef) and moderated what would have been an even more extreme impact on domestic demand in a period of record prices. Beef exports decreased as record high prices rationed demand in both the domestic and international markets.
"Increased beef production and lower prices in 2016 is reversing those impacts. Beef exports are recovering, albeit rather slowly and unevenly. July beef exports were up 8 percent to all destinations. Year to date beef exports are up 3.1 percent with year over year increases to Japan, Mexico and South Korea. Exports to Canada and Hong Kong are still down year over year though Hong Kong posted a year over year increase for the month of July. The dollar has moderated against several currencies, the Japanese Yen in particular, but still represents a headwind for beef exports.
to continue reading Dr. Peel's thoughts on the benefits of international trade.
|Wildfire Assistance for Oklahoma Cattle Producers Available
The Oklahoma Cattlemen's Foundation (OCF) is pleased to announce an application process for assistance available to cattle producers impacted by the 2016 spring wildfires.
All cattle producers that were affected by the wildfire are eligible, and encouraged, to apply. It is important to the contributors that the funds go directly to affected ranchers. OCF is requesting applications be returned by Sept. 30, 2016 so checks can be issued by mid-October.
The application for funds is a simple, one-page document that will help an established OCF review committee equitably distribute the funds. Click or tap here
to learn more and to get to the form to apply for help.
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