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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.
FedCattleExchange.com has a total of 1,191 cattle on their showlist for the Wednesday, November 8th sale of finished cattle- details will be available after noon today by clicking here.
Over 10,000 head for Monday at the Oklahoma National Stockyards- Feeder steers traded 4.00-8.00 higher, feeder heifers 7.00-10.00 higher. Lightweight steer calves 2.00 lower and 500- 700 lb calves brought 5.00-9.00 higher. Heifer calves traded 2.00-5.00 higher.- Click or tap here for more.
Joplin topped eight thousand head- steer calves steady to 3.00 lower, heifer calves 1.00 to 3.00 higher, yearling steers 2.00 to 4.00 higher, yearling heifers 3.00 to 8.00 higher. Click or tap here for the full report.
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
Tuesday, November 7, 2017
CattleFax CEO Randy Blach Says 2017's Robust Export Market the Industry's Biggest Bright Spot
CattleFax CEO Randy Blach
appeared at the 2017 American Angus Convention this past weekend in Fort Worth, Texas where he spoke briefly with me about the state of the cattle industry over the past year and more specifically about the surprisingly robust export market and how it relates to the nation's cattle herd that continues to expand.
"I think the best part about 2017 is that all segments of the industry have been profitable," Blach said. "We don't see that very often. When you look at it - the supply side has not been a surprise to us. We've had as much supply as we anticipated. I would say the biggest surprise, year to date, is how good exports have been."
While exports have been a bright spot this year, there is still worries that the good times may come to an end if President Trump
and his administration aren't careful with how they handle ongoing NAFTA negotiations and trade talks with Japan. Blach says access to these markets and others are critical to the success of the beef industry, since it would be incredibly challenging to ratchet up domestic consumption of beef by the necessary 40 lbs. per person to absorb the extra 15 billion lbs. of protein that will be exported by the US this year. He agrees that staying competitive in the market should be a priority. The other part of the equation though, in order to sustain industry-wide profitability, is to keep the US cow herd size within reason.
"It's still growing but the rate of expansion is slowing as prices work a little bit lower - and that's just exactly what you'd expect to see happen," he said, and estimated that taking into account the current demand situation the industry probably requires about 32 to 33.5 million head to keep the industry profitable. "It Doesn't do much good to go much bigger than that if we can't keep the cow/calf producers profitable."
Listen to Blach offer his complete perspective on the state of cattle industry this year, on yesterday's Beef Buzz - click here
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.
AND- Join them for their 2017 Annual Convention and Trade Show this Friday through Sunday at the Embassy Suites in Norman- details can be seen here.
Despite a lag in wheat planting and the slow development of wheat pasture in Oklahoma, Extension Livestock Market Economist Dr. Derrell Peel explained in his article included in this week's Cow/Calf Corner newsletter, the abundant availability of forage in the state has managed to keep cattle production going.
According to Peel, only 83 percent of Oklahoma wheat acres were reported planted last week, compared to a five-year average of 91 percent for that same date and wheat emergence was reported a bit behind the average as well. Peel writes that although little wheat is currently being grazed, it's likely pastures will develop fairly quickly moving forward.
What pasture there is though, is reported to be of mostly very good quality. Peel cites the latest pasture condition ratings for Oklahoma that peg the state's pasture forage at 46 percent good to excellent condition and 44 percent fair condition. Peel says that abundant forage may reduce producers' hay needs and could even potentially moderate cow costs this winter.
"Unusually favorable growing conditions in the late summer and fall period boosted forage quantities and maintained quality above average," Peel explains. "Ample pasture and hay supplies are allowing flexibility for Oklahoma cattle producers. Despite the lack of wheat pasture, there are also indications that some stocker producers have "stockpiled" stockers on other forages until the wheat pasture is ready."
As a result, Peel says demand for stockers has held calf prices to limited seasonal declines and as of last week, jumped to their highest levels since June and heavy feeder cattle prices are currently at the highest levels since the end of 2015.
Read Peel's complete analysis of the current situation in the cattle markets, buoyed by the available forage resources that have offset the lack of winter wheat pastures ready to graze, by clicking here.
|Winter Wheat Planting Nears Completion Across the Plains as Pastures Continue to Slowly Develop
In the latest crop progress report released Monday, November 6, 2017, the United States Department of Agriculture rated the US corn crop's harvest at 70 percent complete compared to the average of 83 percent. The US soybean crop is 90 percent harvested, just behind last year's 92 percent and the average of 91. For the complete USDA Crop Progress report, click here
According to the weekly crop progress report from USDA, Oklahoma
winter wheat planted reached 90 percent, down 3 points from the previous year and down 5 points from normal. Winter wheat emerged reached 78 percent, down 4 points from the previous year and down 6 points from normal. Winter wheat conditions are rated this week at 42 percent good to excellent, 49 fair and 9 poor to very poor. Canola emerged reached 85 percent, down 3 points from the previous year and down 7 points from normal. Corn harvested reached 90 percent, down 6 points from the previous year and down 6 points from normal. Cotton harvested reached 40 percent, down 1 point from the previous year and down 3 points from normal. To view the complete Oklahoma Crop Progress and Condition Report, click here.
, winter wheat condition rated 3 percent very poor, 8 poor, 30 fair, 52 good, and 7 excellent. Winter wheat planted was 93 percent, near 95 last year and 97 for the five-year average. Emerged was 73 percent, behind 83 last year and 85 average. Corn harvested was 88 percent, behind 96 last year and 93 average. Cotton condition rated 0 percent very poor, 3 poor, 27 fair, 59 good, and 11 excellent. Harvested was 17 percent, near 20 last year, and behind 27 average. To view the complete Kansas Crop Progress and Condition Report, click here.
, winter wheat planted is rated this week at 85 percent complete, compared to 83 the average. Winter wheat emerged has reached 69 percent, ahead of the average by 2. Winter wheat condition is rated this week at 49 percent good to excellent, 37 fair and 14 poor to very poor. Currently, corn harvested is at 92 percent complete, just behind the average of 93. Cotton harvested is at 44 percent, equal to the average. To view the complete Texas Crop Progress and Condition Report, click here
The U.S. Meat Export Federation concluded its Strategic Planning Conference in Tucson, Arizona, Friday with the election of new officers and extensive discussion on pressing issues affecting international meat trade, including the need for improved market access in key destinations such as Japan.
Dennis Stiffler, was elected USMEF chairman, succeeding Bruce Schmoll, a corn and soybean producer from Minnesota. Stiffler, who is president of the Texas Division, Halpern's Steak and Seafood, headquartered in Atlanta, recently retired as chief executive officer of Mountain States Rosen, a fabricator, processor and distributor of lamb and veal products. Stiffler, who first engage USMEF in 2010, brings 30 years of livestock, meat industry and international marketing experience to the team and has previously travelled with USMEF and the US Grains Council on several market development missions.
Conley Nelson, general manager of Smithfield Foods' hog production division in the company's five-state Midwest region and former president of the National Pork Board, was installed as the new USMEF chair-elect. Serving as USMEF vice chair is Idaho cattle feeder Cevin Jones, who operates Intermountain Beef, a custom feedlot.
The newest USMEF officer is Secretary-Treasurer Pat Binger of Wichita, Kansas, who heads international sales for Cargill Protein Group. A 30-year Cargill employee, Binger first became involved with USMEF more than 25 years ago. He sees USMEF's role in the export game as more vital than ever.
Other business presented during the meeting included a spotlight on Brazil as a competing supplier of red meat, but also as a trading partner and a potential destination for U.S. beef, pork and lamb. Additionally, outgoing CEO Phil Seng previewed the upcoming 2018 World Meat Congress, a biennial event that USMEF will co-host with the International Meat Secretariat May 30-June 1 in Dallas that will bring together producers, exporters, marketing specialists, policy analysts, economists and meat scientists to exchange ideas and experiences on key issues affecting the international meat and livestock sectors.
For more details on the conference, read the full story from USMEF, by clicking here.
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In its 39th year, just shy of four decades of operation, Certified Angus Beef is celebrating 11 straight consecutive years of record-breaking sales, the most recent two - eclipsing the 1 billion lb. milestone. I had the chance to speak with CAB President John Stika over the weekend in Fort Worth, during the American Angus Association convention.
"It's exciting and it comes on the commitment of producers to put the kind of supply out there we need to fulfill global demand for high-quality beef," Stika said. I would tell you it's kind of the overnight success that's taken four decades to build. Nothing's easy and there's so many people that's been involved in the success of Certified Angus Beef over that 40-year period. It was a lot of work to get us to where we are. But, I think they would agree it was time and resources well spent to establish the kind of pull-through demand for high-quality Angus cattle we see today."
Stika insists the brand's success has benefitted more than just CAB itself, but has most certainly returned dollars back to the Angus breeders that keeps CAB well supplied to meet international demand. He says consumers recognize the brand's value and even in times of record high prices, they are willing to pay more for the product and the brand they have come to trust.
"Consumers...continue to value that product at a higher price in more value than we've ever seen," Stika said. "We're willing to pay more if the value proposition is more," Stika said. "That consistency established trust and that trust drives continued and repeat purchases."
Stika says consumers keep returning to CAB because they know when they purchase from their brand, they will consistently get a high-quality product and an unmatched eating experience. He insists that CAB's secret to success is a focus on giving consumers what they want - which is an unwavering consistency in taste, tenderness and juiciness.
Click or tap here to hear our complete conversation and learn more about CAB's phenomenal success that has accumulated for nearly four decades now.
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|BIO and Wheat Growers Assoc. Reacts to APHIS Decision to Withdraw Biotech Regulations Proposal
The Department of Agriculture withdrew a proposed rule to revisit biotech regulations and says it will "re-engage" with stakeholders to obtain further comments on the proposal.
USDA's Animal and Plant Health Inspection Service said Monday it wants more information from stakeholders to "determine the most effective, science-based approach for regulating the products of modern biotechnology, while protecting plant health."
Agriculture Secretary Sonny Perdue says USDA needs to "take a fresh look, explore policy alternatives, and continue the dialogue," regarding biotech regulations.
APHIS oversees the importation, interstate movement and environmental release of genetically engineered organisms to ensure they do not pose a plant pest risk. Perdue says the U.S. needs regulations and policies that are "are flexible and adaptable" to the ongoing biotechnology innovations in the industry today.
This decision drew praise from some in the ag-sector that are invested in the advancement of biotechnological science and innovation.
The Biotechnology Innovation Organization issued a statement in response, stating that the organization supported the USDA's course correction, calling it an appropriate next step in improving the regulatory system.
"We applaud USDA for its efforts to update its regulatory system to reflect both its twenty-plus-year experience reviewing these products and recent advances made in plant breeding innovation, and its work to use the best available science to make regulatory oversight more proportional to actual risk. The proposal issued by USDA on January 18, 2017 took positive steps in that regard."
Click here to read the entire statement from BIO, here
The National Association of Wheat Growers CEO Chandler Goule also responded to the announcement.
"We applaud USDA for its efforts to update its regulatory system and support its move to withdraw the proposed rule to revise the Agency's biotechnology regulations," he said.
It is encouraging to see that the Agency is listening to ag industry stakeholders to provide an efficient and transparent review process that doesn't restrict innovation."
|This Week- Okla Ag Expo, Farm Bureau Convention, Oklahoma Grows and Women in Ag Conference in Ft Cobb
It's full speed ahead today and tomorrow for the 2017 Oklahoma Ag Expo at the Embassy Suites in Norman. This is the annual fall gathering of the Oklahoma Ag Retailers and the Oklahoma Grain and Feed Association- they have a great program and offer a lot of CEUs to folks in the Agri Business community.
Topics that will be addressed include proper handling of pesticides, integrated pest management, cotton production, cover crops and a lot more- click here for their website
which shows today and tomorrow's lineup
Later this week- also at the Embassy Suites in Norman- is the 2018 Oklahoma Farm Bureau Convention and Trade Show. Lots will be going on at their three day meeting that starts on Friday- and will include the contest for who will be President of the organization for the next two years.
AFBF President Zippy Duvall will be one of the Convention keynoters- speaking on Saturday morning.
Incumbent President Tom Buchanan of Altus is seeking reelection- and he is being challenged by two board members as delegates will vote on Saturday afternoon. Both Jimmy Wayne Kinder and Rodd Moesel have announced their plans to ask delegates to support them for the job.
Three Oklahoma Organizations are collaborating to bring Oklahoma Grows, a multi-state green industry and professional affiliates conference and trade show, to the region on November 8th and 9th. The conference, hosted by the Oklahoma Nursery and Landscape Association, The Oklahoma Water Resources Center and The Oklahoma Turfgrass Research Foundation, will be held at the WinStar Convention Center at the WinStar World Resort and Casino in Thackerville.
This Thursday(November 9)- a Women in Ag and Small Business Conference has been planned for the Caddo Kiowa Technology Center in Ft Cobb- and they have a pair of top notch speakers to headline their event:
Michelle Miller, the Farm Babe, is a public speaker and writer for agriculture and was once a big city girl who understands the disconnect between city life and rural farm living.
Brittany Krehbiel is a 5th-generation farmer from Hydro, OK. She is studying Agricultural Economics at Oklahoma State University, and plans to return home to manage of the family's farming and irrigation business.
Click or tap here
to find out more about the topics being covered at this all day event in Ft Cobb on Thursday.
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