|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.
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, Email and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, October 5, 2016
USDA Starts Rolling Out $7 Billion in ARC and PLC Payments to Farmers
The U.S. Department of Agriculture (USDA) announced that beginning this week, many of the 1.7 million farms that enrolled in either the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs will receive safety-net payments due to market downturns during the 2015 crop year."This fall, USDA will be making more than $7 billion in payments under the ARC-County and PLC programs to assist participating producers, which will account for over 10 percent of USDA's projected 2016 net farm income. These payments will help provide reassurance to America's farm families, who are standing strong against low commodity prices compounded by unfavorable growing conditions in many parts of the country," said Agriculture Secretary Tom Vilsack. "At USDA, we are standing strong behind them, tapping in to every resource that we have to help. So far in 2016, this has included creating a one-time cost share program for cotton ginning, purchasing about $800 million in excess commodities to be redirected to food banks and those in need, making $11 million in payments to America's dairy farmers through the Dairy Margin Protection Program, and reprogramming Farm Service Agency funds to expand credit options for farmers and ranchers in need of extra capital. As always, we continue to watch market conditions and will explore opportunities for further assistance in the coming months. For producers challenged by weather, disease and falling prices, we will continue to ensure the availability of a strong safety net to keep them farming or ranching."Read more
about ARC and PLC payments being made to US farmers.
With the word from USDA that the payments are being rolled out- the National Association of Wheat Growers quickly cheered the news- "This has been a rough marketing year for farmers, with wheat prices dropping lower than we've seen in decades," said NAWG President Gordon Stoner
. "It's years like this that a viable farm safety net is critically important, and I applaud Secretary Vilsack's quick action to roll out these programs this new fiscal year."Click here
for the complete Wheat Grower statement.
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.
|Ag Economy Barometer Indicates Producers Feeling More Optimistic During Fall Harvest
Farmer sentiment toward the agricultural economy improved slightly in September as fall harvest kicked off, according to the latest reading of the Purdue/CME Group Ag Economy Barometer.The barometer read 101 for the month of September, up just six points from the August reading of 95. The current reading is well below the barometer's peak of 112 in July.Survey respondents remained more optimistic about the future conditions in the livestock sector than crops, but most said they don't actually expect widespread good times in either sector, said Jim Mintert, the barometer's principal investigator and director of Purdue's Center for Commercial Agriculture."Interestingly, the gap between expectations for good times in crops versus livestock has narrowed quite a bit since late 2015," he said. "For example, in fall 2015, the percentage of respondents expecting good times in livestock over the next five years exceeded the same reading for crops by 11 percent. In the period between July and September 2016, the average gap was just 7 percent, suggesting that expectations of strong profits in livestock production have diminished."
to read more about the findings from the Purdue/CME Group Ag Economy Barometer study.
|Bearish Supply Forces and Delayed Demand an Anchor on the Cattle Markets
Over the last couple weeks, the cattle markets have seen an acceleration in the downturn of prices across the board. Both live and feeder cattle futures are under pressure at this time, says Extension Livestock Market Economist Dr. Glynn Tonsor, as prices have actually dropped below a dollar a pound. "The nearby October live cattle contracts actually broke the 100 mark, just below $99 - that's down almost $8 for the week. We were around limit down on Friday," Tonsor said. "Similarly, the October feeder cattle contract, which is about $123 for the week, down about $9 and likewise limits on Friday. So lots of bearish components this week."Tonsor says the undertone of growing supplies continues to weigh on the industry. He says supplies outside of the beef side, is as much to blame as the beef supply itself. However, Tonsor does acknowledge a few positive demand signals in the market; the announcement that China will accept US beef for instance."But those are being dwarfed by the certain supply story," Tonsor said. "Those demand signals tend to be a little bit more down the horizon, not immediate. So bearish supply forces and neutral, if not delayed demand forces, continue to put downward pressure on this market."A negative tone in the cash side being felt too as it fell under pressure with auction blocks getting hammered this past week.Listen to Dr. Glynn Tonsor illustrate some recent market trends that continue to weigh on the beef industry during the recent Beef Buzz.
|Pork Board Launches New Online Resources to Enhance Transparency, Trust of US Pork Industry
The National Pork Board announces the debut of Pork Quick Facts and the Pork Checkoff Photo Library, two new online resources to help build transparency and trust in the U.S. pork industry.
Pork Quick Facts provides a snapshot of the pork industry through statistics and infographics, while the Pork Checkoff Photo Library shares images of pig farms across America."Today, farm and ranch families make up only 2 percent of the U.S. population, with most of the other 98 percent two or more generations removed from the farm," said National Pork Board President Jan Archer, a pig farmer from Goldsboro, North Carolina. "That makes it even more important to share how we raise safe, high-quality pork. The Checkoff's new online resources will help bridge the gap as consumers increasingly ask how their food is raised."The Checkoff's
Quick Facts is designed to provide information for consumers, media, educators, students and others looking for an overview of the pork industry. It also provides statistics on everything from top U.S. pork export markets to state rankings for pork production, and from U.S. pork expenditures to the attributes of a typical market hog.The images available from the new Pork Checkoff Photo Library were taken on farms across the country and are designed to help the public learn how pigs are raised today. More than 1,000 photos are housed on Flickr, a popular, free online storage system.
Click here for links to both of the National Pork Board's newest resources.
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.
|Latest Research Leads OSU Scholars to Find Earthworms Can be Invasive and Damaging to Soil
They are everywhere. People use them as fishing bait. Others toss them in their gardens to help aerate the soil. They also can be used in compost piles.
They are earthworms and with them come many misconceptions. The truth of the matter is sometimes earthworms can be invasive and cause significant environmental damage.
Researchers within Oklahoma State University's Department of Natural Resource Ecology and Management recently dug into this issue through a grant from the United States Department of Defense. The funding led Shishir Paudel, NREM post-doctoral associate, to a U.S. Navy-owned island 80 miles off the coast of California.
San Clemente Island is a remote, windswept, rugged island off the coast of southern California, with numerous unique and endangered plant and animal species, and until recently, no earthworms. When the Navy did find earthworms on the only ship-to-shore, live-firing range in the country, they became concerned about potential harmful effects to endangered species, and Paudel and his colleagues also took interest.
Click here to read more about OSU researchers' efforts to study the effects earthworms can have on soil health.
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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.
|Standing Up for America's Farm and Ranch Families
The following is an opinion article from Farm Policy Facts.
Our nation's farm families provide us with the safest, most abundant, most affordable food and fiber supply in the history of the world. A fact that is so true it has become a cliché.
These families are leading the way in productivity while using fewer land and water resources, as well as other inputs. This is critically important for a growing world population that will soon reach 9 billion people. This ability to produce our food and fiber is a real source of peace and stability for our country and much of the world.
Yet, the libertarian right and the extreme left relentlessly attack vital U.S. farm policies through think tanks in Washington that have degenerated into front groups for high dollar donors with their own legislative agendas. In this case, that agenda is to eliminate the farm safety net and jeopardize our secure national food and fiber supply.
The most recent example is from the Heritage Foundation, which published a couple of papers recycling some of their old ideas and followed up with a briefing on Capitol Hill to tout the papers' purported findings. At the Hill briefing, the risks of farm and ranch families were actually compared to the risks of a singer whose music might one day fall out of fashion.
to continue reading Farm Policy Facts' editorial supporting America's farm and ranch families.
|At the Tulsa State Fair- Junior Market Show Exhibitors Given Opportunity to Battle Hunger
Representatives from the Oklahoma Farming and Ranching Foundation, Oklahoma Farm Bureau, the Community Food Bank of Eastern Oklahoma and the Regional Food Bank of Oklahoma are at the Tulsa State Fair to accept livestock donations from FFA livestock showing students. The donations will benefit the Beef for Backpacks and Pork for Packs programs and were being accepted yesterday and again today in Explorer Arena.
Through the Beef for Backpacks and Pork for Packs programs, the Oklahoma Farming and Ranching Foundation takes donated livestock to produce nutritious beef and pork sticks for the Food for Kids programs at the Community Food Bank of Eastern Oklahoma and the Regional Food Bank of Oklahoma. The beef and pork sticks are included in backpacks of non-perishable, kid-friendly foods for chronically hungry school children on weekends and school holidays. Through the two food banks, the backpacks are provided to more than 25,000 students each week at schools in all 77 Oklahoma counties.
"The FFA Hunger Challenge has been a tremendous blessing for the backpack programs," said Amanda Rosholt
, director of fundraising and public relations for the Oklahoma Farming and Ranching Foundation. "This year, the Oklahoma FFA state officer team has challenged all 357 Oklahoma FFA chapters to donate in an effort to produce 1 million protein sticks for school students across the state."
For more on the Foundation efforts in this battle against hunger- you can contact Amanda at the Fair, by calling her at (405) 202-1463 or click here
to drop her an email.The Junior Market Show at the Tulsa State Fair
continues this morning- and the Grand Champion drive of the top animals in the four major species will be happening this evening at 6:00 PM as McDonald's once again is the title sponsor for the Night of Champions.
The premium sale and gala featuring the top animals and their 4-H and FFA owners will be happening at 5:00 PM tomorrow afternoon at the Ford Truck Arena.Click here
for today's schedule and click here
for the Thursday lineup.
|Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, 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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