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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.
Finished cattle prices
were untested this Wednesday on FedCattleExchange.com - 967 cattle were offered while none were actually sold. Click here to see their complete market results.
OKC West reported feeder steers and heifers selling 2.00 - 4.00 higher Wednesday,
compared to two weeks ago - click or tap here for a look at the November 29th 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 30, 2017
USDA Sees a Bottom in Wheat Acres- and Predicts More Soybean Acres than Corn in 2019 and Forward
The U.S. Department of Agriculture released a preview of its long-term planting projections this week. The complete report will be released this coming February- but the acreage projections were released by the Office of the Chief Economist on Tuesday.
The USDA considers a lot of factors when making the projections, including macroeconomic conditions, GDP growth, and farm policy. An important projection from the early release is the overall number of planted acres. Total planted acres for the eight principal crops and land in the Conservation Reserve Program was 275.8 million acres. The forecast for 2018 calls for an increase in acres for all crops except upland cotton and wheat, with the total increase of 1.8 million acres. From 2019-2027, USDA projects acreage to remain steady between 276 to 278 million acres, slightly lower than the 280 million acres over the last decade.
Wheat acres are shown falling to 45 million acres for the crop that is just been planted- but that seems to be the bottom for wheat acres out thru 2027- in fact- USDA sees a recovery back to 48 million acres by 2024.
Another big takeaway from the report is that USDA predicts soybeans will overtake corn in planted acreage starting in 2019. Projected acres for both corn and soybeans are both at 91 million acres in 2018. In 2019, soybeans will stay at 91 million acres while corn is projected to drop to 90 million. If this forecast comes true, it would be the first-ever market-driven shift in which soybeans overtake corn in planted acreage in the U.S. By the year 2027- USDA guesses that we could be planting four million acres more of soybeans versus corn.
USDA says one of the biggest reasons behind the increase in soybean acres is demand for soy products from China.
To learn more about the Long Term Projection process at USDA- click here
for an explanation from the Office of the Chief Economist.
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.
Researchers at the Noble Research Institute and University of Missouri recently received a two-year, $290,000 EAGER grant from the National Institute of Food and Agriculture, to study plant roots, their function and how the science of their nutrient uptake abilities can be applied in agriculture. Researchers hope this study will help in the development of more resilient crops for increased efficiency in agricultural production.
The project is being spearheaded by Noble's Dr. Larry York, who will lead the research team in its efforts to find a new method of measuring the uptake of nutrients by plant roots in a high-throughput fashion. This will help them determine the genetic basis of how plants take in nutrients as well as what causes variation in uptake ability among plant varieties. The difficulty of effectively doing this, is of course, the fact that roots are the hidden half of the plant. Observing their form and function is made difficult by their underground life.
Researchers will begin their studies with corn, using sophisticated technologies to test hundreds of plants at one time. Once the base method is developed, the research will be expanded to wheat and other forage species. The team's interests will focus on plants' ability to absorb the most essential nutrients, such as nitrogen, phosphorus and potassium. The maximum uptake rate and the uptake affinity, or ability to take up at low concentrations, will be measured.
"Eventually, we hope to be able to answer more questions about how other factors, like heat stress and microbes, play a role in plant roots' ability to take up nutrients," York said. "This research will be challenging, but it could bring great possibilities and rewards for agriculture, farmers and ranchers, and all of society."
Click here to learn more about this study, the researchers behind it and the EAGER grant from NIFA, which is awarded to researchers with plans to conduct challenging studies with great potential for high-payoff.
For the past three years, the Animal Agriculture Alliance has conducted a fundraising campaign for Giving Tuesday. This year, the AAA had its best one yet. Over forty donors donated approximately $21,000 in contributions to support the AAA's mission of advocacy. Thanks to matching pledges from two industry partners, those funds were stretched even further - making a grand total of $30,000.
The funds collected in this year's event has placed the organization well on its way to reaching its 2017 year-end giving contribution goal of $35,000.
Kay Johnson Smith, Alliance president and CEO, said she and her staff are thrilled with the unprecedented amount of support from people who believe in the Alliance's mission.
The Alliance's many programs, including the College Aggies Online program and others, will all be funded this next year. through the contributions made this week.
If interested in helping the AAA continue to bridge the communication gap between farmers and their consumers, with a financial donation of your own, or to learn more about the organization and its programs, click here.
This year marks the 25th Anniversary of NCBA's Cattlemen's College event, featured at the organization's annual convention and trade show. Cattlemen planning to attend the event in Phoenix, Ariz., this coming January, are encouraged to take advantage of early-bird registration prices, and save some money. Pre-registration for the event, ends Jan. 5. College students are eligible for additional registration discounts.
In addition to the great educational programs Cattlemen's College has to offer, participants will also have the opportunity to hear from the president of Arby's Restaurant Group, Inc., who will present the keynote address on Wednesday, Jan. 31.
In celebration of the 25th anniversary of Cattlemen's College, Arby's President Rob Lynch will speak about "Going BIG with Beef." Lynch will offer participants an inside look at Arby's "We Have the Meats" marketing campaign, a program which he helped launch. During his tenure, he also managed the product innovation team that tests more than 1,000 potential menu items each year, giving him a first-hand understanding of the consumer landscape.
"This is an exciting opportunity for cattlemen to hear directly from a marketer who very proudly sells their products to consumers," said Josh White, NCBA executive director of producer education. "Hearing the perspective of someone who understands marketing trends, as well as the wants and pulse of consumers, will be valuable for those attending this milestone Cattlemen's College."
Cattlemen's College provides a stimulating atmosphere for cattlemen and women to learn ways of generating higher returns for their cattle operations. The thought-provoking sessions also spark discussions that lead to innovation and advancement in what has become a rapidly changing industry. Among the topics on the schedule for the 2018 event are genetic technologies, calf management, beef cattle production, engaging with federal agencies, antibiotics, live cattle imports/exports, ID management, breeding, bull selection and infectious diseases. Participants can choose from five different curriculum tracks during the college.
For more information about this year's schedule, or for information on how to register for the event, click here.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
In case you missed it - Piper Merritt of Owasso, Okla. joined me on my 'In the Field' segment this past weekend on KWTV-News9. Merritt is a past State FFA Officer for Oklahoma and was recently named a member of the National FFA Officer team in October during the National FFA Convention in Indianapolis.
Merritt and I talked about what the FFA has meant to her and how her experiences in the organization prepared her for the ultimate achievement of being elected to serve on the National FFA Officer team.
You can watch the video of our visit from this past Saturday, read our original webstory and listen to my complete off-camera interview with Merritt, describing how she is preparing for the busy year ahead of her, by clicking or tapping here
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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.
The coming year is likely to offer opportunities for grain elevators to secure positive margins, according to a new report from CoBank's Knowledge Exchange Division. Significant carry, a weak harvest basis and low transportation rates point to improved margins for 2018. Additionally, a wet fall in the Eastern Corn Belt and Northern Plains will likely improve drying revenue in those areas.
"A large carryover and another huge crop have created an attractive carry in futures markets, particularly for wheat," said Will Secor, an economist with CoBank. "Current market conditions will provide elevators with better returns year-over-year if they are able to purchase the grain."
U.S. ending stocks for corn and soybeans in 2018 are currently estimated to be the largest since 1987/88 and 2006/07 respectively, but stocks-to-use ratios remain manageable. However, the supply situation for wheat remains more burdensome, with large stocks expected to continue to weigh on the market in the coming year.
As a result of these large supplies, localized storage shortages have developed in the Western Corn Belt, especially Nebraska, Iowa and Kansas.
Continue reading this article on our website, for a deeper look into the details behind this developing situation in the industry, that will hopefully yield favorable prospects for our elevators.
|Superior Livestock Hosts Video Auction TODAY at 8 AM Followed by Superior Select Female Auction
There will be both a regular Yearling and Stocker sale online and via satellite from Superior Video Livestock today (Thursday)- starting at 8 AM central time- as well as a Superior Select Female Auction that will feature some top quality replacement females- heifers and cows.
For the regular auction that starts at 8 AM- there will be 35,500 HEAD offered- including 5,150 yearling steers, 2,950 yearling heifers, 21,650 weaned calves and 5,000 bred stock.
The Select Female Sale will start immediately after the Superior Video Sale- with over 4,300 replacement females to be offered.
for the details of 8;00 AM sale- and click here
for more details on the Select Female Sale that will follow.
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