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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
Wednesday, October 12, 2016
Certified Angus Beef Program Sells a Billion Pounds in Just Concluded Fiscal Year
Angus producers knew they could create a brand of beef that would sell millions of pounds in a year. But more than a billion? Let's not get carried away, the organizers would have said. Yet upon reflection, some might have wondered. That year has come and gone now.
The Certified Angus Beef brand's 38th fiscal year (FY) ending Sept. 30 carved a spot in history as the first time global sales surpassed 1 billion pounds.
For the 18,000 partners joined by a common mission, CAB President John Stika said the milestone brings a reason to celebrate. More than that, it brings appreciation for thousands of individual successes that led to that historic mark.
"This number is significant, not because of what it is, but for what it represents," Stika said of the actual 1.015 billion pounds sold, up 119 million pounds and 13.3 percent more than last year. The average growth over the previous five years has been 3 percent, but it's nearly 75 percent in the last decade of sequential annual records and 12 straight years of sales growth.
Click here to read more about the strides made in CAB sales.
One personal note on this story- last fall, we talked with Angus cattle producer John Pfeiffer about the new fiscal year and he shared with me then his desire to see CAB get to a billion pounds- John is serving as Chairman of CAB this year- click here for our conversation with John at last year's Angus Means Business Convention in the Kansas City area-
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.
|Small Grain Planting Continues Despite Minor Delays by Rain in Latest Crop Progress Report
The latest U.S. Department of Agriculture crop progress report rates 73 percent of the US Corn Crop as being in good to excellent condition - unchanged from a week ago, 19 percent fair and 8 percent poor to very poor. Harvested corn reached 35 percent, 3 points below average. National soybean conditions remain unchanged from a week ago in the good to excellent ratings- resting at 74 percent while soybeans are 19 percent fair and 7 percent poor to very poor. The national grain sorghum condition is down 1 point from a week ago at 65 percent good to excellent, up 1 point to 28 percent fair and 6 percent poor to very poor, as well. Harvested sorghum reached 48 percent, 6 above the average. National cotton conditions are down 1 point from last week in the good to excellent ratings- at 48 percent, 36 percent fair, 12 percent poor and 4 percent very poor. Harvested cotton reached 22 percent, just above the average by 2 points. For the complete USDA Crop Progress report, click here.In the weekly crop progress report from USDA, Oklahoma winter wheat planted reached 65 percent, up 5 points from the previous year and up 4 points from normal. Winter wheat emerged reached 30 percent, up 2 points from the previous year and up 1 point from normal. Canola planted reached 66 percent, up 26 points from the previous week and below the average by 8 points. Corn mature reached 90 percent, down 9 points from the previous year and down 9 points from normal. Corn harvested reached 65 percent, down 3 points from the previous year and down 12 points from normal. Sorghum mature reached 86 percent. Sorghum harvested reached 47 percent, down 2 points from the previous year but up 3 points from normal. Soybeans dropping leaves reached 48 percent, up 2 points from the previous year and up 26 points from normal. Soybeans harvested reached 10 percent Cotton bolls opening reached 79 percent. Cotton harvested reached 3 percent, up 2 points from the previous year.Click here for the full Oklahoma report.In Texas, winter wheat and oats seeding continues across the state, delayed some by rains in some areas. Corn harvested is 76 percent complete, 1 point higher than last week and 2 up from normal. Mature corn reached 90 percent, on par with normal. Sorghum harvest was 70 percent complete, 1 point higher than last week and on par with normal. Across the state, sorghum was 86 percent mature, which is 4 points above the five-year average. Soybeans dropping leaves were at 86 percent, 2 points below normal. Cotton harvest was at 19 percent, just under normal by 1 point. Cotton bolls opened were at 70 percent, 6 points under the 5-year average.Click here for the full Texas report.Crop progress reports in Kansas, show winter wheat planted was 58 percent, near 62 last year, and behind the five-year average of 64. Emerged was 29 percent, near 30 last year and 33 average. Corn condition rated 2 percent very poor, 7 poor, 26 fair, 54 good, and 11 excellent. Corn mature was 96 percent, near 98 last year and 95 average. Harvested was 62 percent, behind 72 last year, and near 64 average. Soybean condition rated 1 percent very poor, 4 poor, 24 fair, 55 good, and 16 excellent. Soybeans dropping leaves was 75 percent, near 79 both last year and average. Harvested was 15 percent, behind 26 last year and 29 average. Sorghum condition rated 1 percent very poor, 3 poor, 21 fair, 58 good, and 17 excellent. Sorghum mature was 79 percent, near 82 last year, but ahead of 61 average. Harvested was 30 percent, near 34 last year, but ahead of 20 average. Cotton condition rated 1 percent very poor, 2 poor, 28 fair, 64 good, and 4 excellent. Cotton bolls opening was 67 percent, ahead of 57 last year, but equal to average. Harvested was 6 percent, near 7 last year and 4 average.Click here for the full Kansas report.
|Markets Struggling to Find Stable Footing Amid Overwhelming Supplies
It has been a tough few weeks for the livestock marketplace, including sectors across the board from cattle futures to slaughters and yearlings to stockers. Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says he believes the markets are really just looking for some stability."This market has been kind of under a shadow the last few weeks. We had a lot of supply thrown at the market," Peel said. "It's been looking for a bottom."According to Peel, the markets are working on a very short-term basis and believes we are passed or at least moving passed the recent supply pressure."I think this market is trying to find some footing - it's trying to consolidate a little bit," Peel said. "Hasn't really put that all together yet. So we haven't seen a lot of change. I think it's just treading water right now."Things don't look any better on beef's end either. Although Peel says a lot of meat has been moved through the market lately, he says the market is still flooded with meat supplies; not just with beef but pork and poultry as well. This makes it difficult to read any signs of improvement.Listen to Dr. Peel's analysis of the cattle trade as markets struggle to find stable footing amid overwhelming supplies during the latest Beef Buzz.
|South Dakota Farmer Named America's Pig Farmer of the Year
The National Pork Board announced Tuesday that Brad Greenway, a pig farmer from Mitchell, South Dakota, has been named the 2016 America's Pig Farmer of the Year by achieving the highest score from a third-party judging panel and online voting. The award recognizes a pig farmer who excels at raising pigs using the We Care ethical principles and who connects with today's consumers about how pork is produced.
"We are pleased to have Brad represent America's pig farmers. He embodies the very best in pig farming," said Jan Archer, National Pork Board president and a pig farmer from Goldsboro, North Carolina. "It's important that we share with today's consumers how we raise their food in an ethical and transparent way. Brad's interest in sharing his farm's story - and putting a face on today's pig farming - will help us reach this goal."
Greenway has focused on doing what's right for people, pigs and the planet on his family farm for the last 40 years. He and his wife, Peggy, own two wean-to-finish pig barns. They also raise beef cattle and grow corn, soybeans, wheat and alfalfa.
"I look forward to sharing my personal farm story with consumers to help them understand the care that goes into raising pigs today," said Greenway. "I am proud of my industry and the hard work my fellow farmers put into producing safe, high-quality food, and in caring for animals and the environment every day."
Click here to read more about Greenway and his efforts to humanely produce pork.
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.
|Over 45 Countries on Pace for "Moderate" to "Alarming" Hunger Levels by 2030
The global community is not on course to end hunger by the United Nations Sustainable Development Goal deadline of 2030, according to data from the 2016 Global Hunger Index. If hunger declines at the same rate as the report finds it has since 1992, more than 45 countries - including India, Pakistan, Haiti, Yemen, and Afghanistan - will still have "moderate" to "alarming" hunger scores in the year 2030, far short of the goal to end hunger by that year.
"Simply put, countries must accelerate the pace at which they are reducing hunger or we will fail to achieve the second Sustainable Development Goal," said IFPRI Director General Shenggen Fan. "Ending global hunger is certainly possible, but it's up to all of us that we set the priorities right to ensure that governments, the private sector and civil society devote the time and resources necessary to meet this important goal."
The Central African Republic, Chad, and Zambia had the highest levels of hunger in the report. Seven countries had "alarming" levels of hunger, while 43 countries - including high-population countries like India, Nigeria, and Indonesia - had "serious" hunger levels.
The report outlined some bright spots in the fight to end world hunger. The level of hunger in developing countries as measured by the Global Hunger Index has fallen by 29 percent since 2000. Twenty countries, including Rwanda, Cambodia, and Myanmar, have all reduced their GHI scores by over 50 percent each since 2000. And for the second year in a row, no developing countries for which data was available were in the "extremely alarming" category.
Click here to continue reading about the devastating hunger issues affecting countries across the world.
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|Producers Should Know the Quality of Their Hay, the Affects it Has on Supplementation Strategies
Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, offers herd health advice as part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Selk and Dr. Derrell Peel. This week, Dr. Selk explains how hay quality affects supplementation strategies for cattle producers.
"Cattle producers in many areas of Oklahoma have been fortunate this summer to receive timely rains. Many big round bales of hay have been stored for winter feeding. Meeting the supplemental protein needs for the cows and replacement heifers consuming that forage must be done properly and economically. Protein is a vital nutrient for the ruminant because protein is necessary for the multiplication of, and the feed digestion by the microbes in the rumen. The microbial population in the rumen of cows is largely responsible for digesting cellulose in standing or harvested forages.
"Higher quality forages are more readily digested in the rumen and have higher rate of passage through the digestive tract of the cow than do lower quality roughages. Therefore the cow can consume more of the high quality forage on a daily basis and receives more total digestible nutrients (TDN) from each pound of feed consumed. If adequate protein is available to cows consuming lower quality roughages, then the rate of passage and the digestibility is improved compared to cows that are inadequately supplemented while consuming the same low quality forage.
|Oklahoma Farmer Explains Why He Thinks State Question 777 is Needed
and his family farm in McCurtain County in far southeastern Oklahoma. Bolen is a staunch supporter of State Question 777- and he has gone onto the Social media platform Facebook to explain his position to friends and friends of friends.
On Tuesday, he offered a list of farm/ranch practices that he contends have been targeted by those who don't like modern production agriculture. He says protecting these and other practices are important reasons why a vote for State Question 777 will help farmers and ranchers in Oklahoma stay in business.
Among the items on his list:
"Saddling a horse
"Placing a bit in a horses mouth
"Riding a horse
"Roping a calf
"Branding or ear tagging a calf
"Providing medical care to a sick livestock animal
"Using vaccines to protect the health of livestock
"Using genetic markers to determine breeding selection
"Growing livestock in confinement to protect them from predators and harsh weather"
Brent Bolen says that these and other agricultural farming practices are ones that he is aware of that have been challenged or questioned by those opposed to modern production agriculture. By clicking here
- you can see Brent's full list which he says proves the need for State Question 777 to be passed.
If you want to learn more about SQ777, click here
for the FAQs from the pro side of the question- if you want to see what the opposition is saying about the measure and what they are telling Oklahomans as they urge a no vote- click here.
|Cold Front Brings Roller Coaster Ride with Temperatures and Chances of Rain
Jed Castles with News9 sees much cooler temps tomorrow and then a quick recovery on into the weekend and next week- and he says the best chances for rain over the next nine days is tomorrow- here is his graphic for the nine day forecast:
Meanwhile, Alan Crone with the News on 6 in Tulsa is also blogging about this significant cold front which will drop temps this afternoon and raise chances of rain- you can read his take on this system by clicking here.
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