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Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
This Wednesday on FedCattleExchange.com - 1,515 cattle were offered
with 274 head actually sold with an average weighted price of $120.00. Click here to see their complete market results.
OKC West reported yearlings sold 2.00 to 4.00 higher Wednesday,
compared to a week ago - click or tap here for a look at the November 1st sale results.
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, November 2, 2017
It was expected that current Oklahoma Farm Bureau President Tom Buchanan would run for reelection for that position at their annual meeting later this month at the organization's 75th Annual Meeting in Norman. (see his statement further down)
Now, it appears the Vice President will challenge Buchanan for the top job- Jimmy Wayne Kinder of Walters, currently the Vice President and District 4 Director, has sent a letter to Farm Bureau leaders across the state announcing his intention to run for the job of President.
Kinder says "I am announcing my candidacy to be elected as your Oklahoma Farm Bureau President.
"After talking to Margaret Ann, my family, and numerous conversations with God, I am applying for the job. I believe OKFB members deserve a choice. I hope you would consider me for that job.
"The last 6 years have been very eventful as the District 4 director. Thank you to all who have supported me in the past and now I ask for your support as a candidate to become OKFB President.
"For those of you who may not know me, I am a 4th generation full-time farmer and rancher from Cotton County and a 3rd generation OKFB member. We raise mostly wheat and cattle. My grandfather and father were active on our local county board and were involved in OKFB state leadership activities too. My involvement in Farm Bureau began as a YF&R member, next as a county board member, and later county president. I know the frustrations of local boards and understand d the needs of county members. With your help, I would transition OKFB, into an organization that is more responsive to county leaders and their local efforts. The greatest benefit to rural Oklahoma is giving local members the knowledge and support they need to make things happen. We need local involvement for OKFB to be effective in State and National issues."
We talked with Kinder this morning- he wants Farm Bureau delegate to have a choice on who their President will be for the next 2 years- he added that he had talked with Tom Buchanan about it and "we're good to go."
We also traded messages with current President Buchanan who responded that he was seeking reelection- saying "The challenges facing the family farmers and ranchers of Oklahoma Farm Bureau continue to grow and my commitment to stand shoulder to shoulder with them as we meet those challenges is as great as ever."
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a 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- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|Will Beef Take a Back Seat to Turkey and Ham this Holiday Season? Maybe Not, Says Glynn Tonsor
The fact that the price for beef has remained so strong lately in the face of larger supplies rolling through the pipeline, is solid evidence that demand for beef is remaining relatively strong for this particular season, when the product typically takes a back seat to poultry and pork as featured entrees on holiday menus. While this is generally the case this time of year, most in the beef industry start preparing for a slide off in demand over the next 60 days or so. But, with such strong demand currently, people are wondering if demand will slacken at all this year? Extension Livestock Market Economist Dr. Glynn Tonsor
says, maybe not - simply because there is actually more beef available this year.
"Now that we have larger beef supplies, compared to say three years ago, beef is actually available to be a featured item as well," Tonsor said. "That in itself doesn't mean demand is going up. It depends on how much we're going to cut prices... but the fact that beef is available to be part of a retailers featuring plan is a nice thing."
In some sense for years past, Tonsor says retailers had their hands tied when it came to featuring beef in their stores during the end of the year, because supplies were really so limited. But with supplies being up, retailers who choose to, will have plenty of beef available to use as a featured product, which could sustain the current demand levels being observed currently, and most likely at a discounted price - still give retailers the returns they hope to get from featuring the product.
"How that all shakes out over the next three or four months is to be determined of course, but I'm optimistic that the current demand signals for beef is strong," he said," and that they will carry us through."
Listen to Tonsor explain how beef supplies and product availability will factor into sustained demand strength this season, going into the end of the year, on yesterday's Beef Buzz - click here
More than 2,500 guests are expected to attend the largest Angus Convention to date Nov. 4-6 in Fort Worth, Texas. The weekend-long convention offers an industry leading trade show and unmatched beef industry educational seminars. Country recording artist and TV personality, Red Steagall will serve as the Angus Convention emcee.
The Convention's schedule features a myriad of activities, events and learning opportunities for attendees to participate in during each of the gathering's three days.
Many in attendance will participate in The International Genetics Symposium, which will begin Saturday, Nov. 4. The Symposium's panel discussion, featuring Angus Genetics Inc. staff, will explore how genetic technology is progressing at an ever-increasing rate and unveil a new tool in Angus-specific genetic testing.
The Symposium will be followed with hands-on Innovation Workshops, designed to help producers discover the value of using genomic selection tools as part of a comprehensive animal breeding selection strategy. In addition, class will be in session with Randy Blach, CattleFax CEO, slated to lecture at this year's Angus University.
Plus, more than 150 allied industry vendors will be on site to visit with attendees.
I'll be there covering the event this weekend, so if you're Ft. Worth bound be sure to say howdy. If not, you can stay apprised of the convention's events and news as it happens, with regular updates reported on the Oklahoma Farm Report, including on Twitter and on our Radio Oklahoma Ag Network Facebook Page. For more information about the Convention including how to register, click or tap here.
The enrollment period for safety net programs included in the Farm Bill, was officially opened by the USDA, yesterday.
The Department of Agriculture announced earlier this week that farmers and ranchers with base acres in the Agriculture Risk Coverage, known as ARC, or Price Loss Coverage, known as PLC, safety net programs may enroll for the 2018 crop year.
The enrollment period is scheduled to end on August 1st of next year.
Producers on a farm that are not enrolled for the 2018 enrollment period will not be eligible for financial assistance from the ARC or PLC programs for 2018 should crop prices, or farm revenues, should they fall below the historical price or revenue benchmarks established by the program.
Producers who made their elections in previous years are advised by the USDA's announcement that they must still enroll during the 2018 enrollment period.
USDA says producers should contact their local Farm Service Agency office or local FSA website for more details. You can click here
to read USDA's original notice and access links to find additional information.
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!
Before signing any contracts on property where you intend to graze cattle, consultants from the Noble Research Institute insist, there are a few things you might consider first in your initial evaluation of the land. In a recently published article, authors Robert Wells and Rob Cook of NRI, offer a few suggestions on the unique characteristics one should look for when buying grazing land that could potentially increase the value and equity of the land from the buyer's perspective, and reaffirm the investment's validity.
Some of those characteristics to look for include the land's stocking rate, forage quality and type, soil type and fertility, terrain and slope of the land, water sources in each pasture, number of pastures and traps, working pen availability and condition, fence condition and type, and any other included infrastructure.
The main thing to keep in mind, the authors say, is that every property is different.
"Many times a potential buyer is told that a ranch in a given area will run 'X' amount of cattle," they write. "For example, 'ranches in this county can run a cow to 15 acres.' These figures are rules of thumb that are normally rooted in some truth but are hardly ever accurate, especially for a specific property. Not every ranch is created equal. Ranches in the same area can have varying forage production potentials based simply on the soil types that are present."
Other questions to ask when considering a purchase - "What was the past management of the land like?"
"Is there a water source on the property and if so, where is it located and what's its quality?"
Think about what infrastructure comes with the property. Is there good quality fencing on the place?
"Finally, ask if there are easements that could impact property use," they advise. "Be sure you understand the nature of any and all easements that my impede portions of the land. Pipeline or power transmission line easements will require a certain setback where no building construction can occur."
For Wells and Cook's complete list of topics that should be considered, and more of their expert tips, click or tap here
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In this week's Cow/Calf Corner
newsletter, Glenn Selk
discussed the impacts of dressing percent on cull cow marketing.
According to him, cull cows will be priced differently based upon how they are graded, as either a 'breaker, boning utility, lean or light.'
"However," he writes, "within each grade, large variation in prices per hundredweight will exist because of differences in dressing percentage."
He explains that "cow buyers are particularly aware of the proportion of the purchased live weight that eventually becomes saleable product hanging on the rail. Dressing percentage is mathematically the carcass weight divided by the live weight multiplied by 100."
The key factors that affect dressing percentage include gut fill, udder size, mud and manure on the hide, excess leather on the body, and anything else that contributes to the live weight but will not add to the carcass weight.
Selk says that if you look at USDA market reports, Low Dressing cows will often be discounted up to $8 to $10 per hundredweight compared to High Dressing cows and $5 to $7 per hundredweight compared to Average Dressing cows. He says these price differences are usually widest for the thinner cow grades, referring to leans and lights.
"As producers market cull cows, they should be cautious about selling cows with excess fill," Selk states. "The large discounts due to low dressing percent often will more than offset any advantage from the added weight."
|This N That- Beef Checkoff Vote, November Calendar and Tyson Being Wooed
The vote on the State Beef Checkoff Referendum was held yesterday at County Extension Offices across Oklahoma- and we will know later today how many votes were cast and submitted to the third party auditor, who will be counting and spot checking ballots across the state.
Michael Kelsey with the Oklahoma Cattlemen's Association tells us that he is hopeful that the process will be wrapped up by this time next week and that the Auditor will report the results of the vote to the State Secretary of Ag- Jim Reese, who will then inform the OCA of the results and then release a public statement giving vote totals and whether the assessment was approved or not.
If approved, the checkoff assessment will begin May first- however, it is expected that the out of state groups that filed a lawsuit against the Department of Ag over the Vote procedures will aggressively pursue the overturning of a positive vote of cattlemen to establish a state beef checkoff in Oklahoma.
Lots of stuff on our November calendar- and we suggest you go and check out the full list on our website- click here to jump
to the November listings.
Among the events coming up quickly- A Crop Insurance Workshop in Enid and a Winter Crops Herbicide Symptomology Clinic in Stillwater tomorrow- the Oklahoma Ag Expo next week at the Embassy Suites in Norman- followed by the Oklahoma Farm Bureau annual Convention at that same venue.
Tyson Foods was ready to build their $320 million dollar chicken processing complex near Kansas City in Leavenworth County, Kansas- but opponents stopped that County from moving forward with a $500 million dollar bond to help attract the job generating facility.
Now at least three Kansas Counties are saying- "We Want You" to Tyson- including Sedgwick County- that's Wichita- as well as Cloud County, way up near the Nebraska line in north central Kansas and Montgomery County- which is just north of Tulsa- and is home to Coffeyville and Independence.
Oklahoma would Likely get some of the economic benefit from a plant in Montgomery County- if they decide to land there.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Oklahoma Beef Council, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, 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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