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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
Friday, February 2, 2018
Live and Direct from the 2018 Cattle Industry Convention in Phoenix- Thanks to Farm Data Services for Being Our Event Sponsor
Dr. Art Douglas
, professor emeritus from Creighton University offered his long-term forecast for weather conditions during the Cattle Market Outlook presented by CattleFax at the NCBA Convention in Phoenix, yesterday. Douglas provided a blatantly grim synopsis of how future patterns might impact producers and how they manage their operations in the coming months.
It seems contrary to the meteorology community's predictions, last year yielded a La Nina rather than the El Nino pattern that most were betting on. La Nina's continued to build down a drier course through this past October which begat the drought we find ourselves in now. According to his forecast, Douglas says current conditions are only likely to worsen.
"Based on the forecasts for the next three months," he said, "it just doesn't look good - at least through March and April. So, Oklahoma unfortunately... you're talking about a lot of ups and downs in temperature. A lot of warm days followed by cold days and not much precipitation into summer."
This week's Drought Monitor report, underscores the seriousness of the situation and Oklahoma State Climatologist Gary McManus concurs with Douglas' assessment that current conditions will intensify over the next several weeks and months. Visit the following story for more on this week's Drought Monitor.
To hear Douglas share his complete long-term weather forecast with me, click here.
Our coverage of the 2018 Cattle Industry Convention and NCBA Trade Show is powered by Farm Data Services of Stillwater - click here
- to learn more about how they can help your farm or ranch operation's bottom line in a variety of ways.
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Drought continued to surge this past week according to the U.S. Drought Monitor and reported by Oklahoma State Climatologist Gary McManus
. Currently, the entire state is considered in at least moderate drought, a level not seen since March of 2013.
Right now, more than 81 percent of the state is now in at least severe drought, including 21 percent in the "extreme" category.
Forecasts for February are predicting above normal temperatures and below normal precipitation across the entire state.
Furthermore, drought in February and beyond is expected to either persist or intensify across the entire state.
for a closer look at this week's Drought Monitor or to review the latest Mesonet Ticker reported by McManus.
I caught up with National Cattlemen's Beef Association Chief Environmental Counsel Scott Yager in Phoenix this week, during the Cattle Industry Convention, for his insights into the decision by the D.C. Circuit Court of Appeals to delay the EPA mandated reporting requirements for farms under CERCLA/EPCRA, which was scheduled for January 22nd.
"This thing is complicated," Yager remarked. "No one has heard about this before until we started talking about it a couple of months ago and we're still trying to wrap our minds around it."
According to him, the DOJ filed the motion to delay the issuance of the mandate on behalf of the EPA, to allow the agency more time to further revise the guidance to be more effective in assisting farms with coming into compliance, to conduct outreach to ensure farms with limited or no internet access are aware of the reporting requirements, and to finish developing the streamlined continuous reporting form.
ON THURSDAY AFTERNOON- we received word that the stay has been extended- and the court now say the date to make this reporting operational is May First- giving NCBA more time to work with Congress.
Yager explained that this delay is a good thing for producers right now, as NCBA continues to work with Congress on securing an agricultural exemption for EPA's mandated reporting under the Superfund law.
Click here to listen in on our complete conversation for more of Yager's insights into this developing situation that could potentially impact thousands of cattle producers across the country. And, remember to check out our friends at Farm Data Services who helped power our coverage of this year's convention.
|NCBA's Colin Woodall Gains More Positive Outlook on NAFTA 2.0 as Negotiations Pick Up Steam
Lead lobbyist for the National Cattlemen's Beef Association Colin Woodall sat down with me during the Cattle Industry Convention in Phoenix this week, to offer his opinions regarding the progress of ongoing trade negotiations as they relate to the US and its beef producers. At the forefront of that uncertain landscape is the North American Free Trade Agreement which just wrapped up its latest round of negotiations in Montreal. Based on that most recent meeting, Woodall says he has gained a bit more optimism for the prospect of a modernized NAFTA treaty.
"There was a concern that the President was going to come to work one morning and just pull us out of NAFTA. I don't think that's the case anymore," Woodall said. "We feel much more comfortable and confident that he's going to finish this set of negotiations and we will have NAFTA 2.0 - which is exactly what we want to see."
As two of the largest markets for our beef and cattle industry, Woodall insists the US simply cannot afford to lose access to either Mexico or Canada. In fact, he says NAFTA in its present form has worked out very well and been extremely profitable for the ag sector and particularly the beef industry. For that reason, NCBA and most of agriculture has joined together with a unified message to the administration to not change a thing in NAFTA as it relates to agricultural trade. Thus far, Woodall says that message has been received.
"We told them, 'Do no harm,' because what we have is good and so far, they have respected that and we appreciate that," he said. "So, for us, it's giving the President what he needs to stay in NAFTA and also the KORUS agreement too. It's the exact same thing."
In our conversation, Woodall also made mention that he shared the frustration of others in the ag industry, wondering when the hold on Greg Doud would be lifted in the Senate to confirm him as Chief Ag Negotiator for the USTR's office. However - news came late yesterday afternoon that U.S. Sen. Jeff Flake of Arizona dropped his hold on Doud's nomination.
NCBA President Craig Uden made a statement at the Convention saying that, "With talks continuing on NAFTA, the Korea-US trade agreement, and access to many other markets still up in the air, it's imperative that the U.S. Senate now move as quickly as possible to confirm Doud's nomination."
Listen to Woodall and I discuss the progress of NAFTA negotiations and other trade matters, on yesterday's Beef Buzz - click here
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
Now is the time to put on your 2018 calendar the date for the 2018 Oklahoma City Farm Show, coming April 19, 20 and 21, 2018. Contact Ron Bormaster at (507) 437-7969 for more details about how your business or organization can be a part of the 2018 Oklahoma City Farm Show!
Click here for more details about the 2018 Oklahoma City Farm Show- presented by Midwest Farm Shows.
|HSUS Wins in Federal Court- Judge Tells National Pork Board to Stop Payments for Pork, the Other White Meat Trademark
The U.S. District Court for the District of Columbia issued a ruling on a lawsuit challenging the sale of the Pork, The Other White Meat trademarks. U.S. District Judge Amy Berman Jackson ruled that the review by Stout Risius Ross, financial advisory firm, did not adequately analyze the value of the trademarks and orders the annual payment from the National Pork Board to the National Pork Producers Council to cease.
The National Pork Producers Council sold the trademarks to the National Pork Board in 2006- with the Pork Board agreeing to pay thirty five million dollars.
After the ruling- the National Pork Producers' President Ken Maschhoff, an Illinois pork producer, offered the following statement.
"We are conducting a thorough review of the decision and evaluating our options. We are disappointed that the court partially denied the U.S. Department of Agriculture's motion to dismiss this frivolous lawsuit, one that was never based on a legitimate legal challenge to a federally approved transaction but instead was brought by an anti-meat activist group intent on eliminating meat consumption and harming a vast U.S. industry that employs hundreds of thousands of Americans and feeds billions of people at home and abroad.
"NPPC enjoys the strong support of pork producers nationwide. Regardless of the final outcome in this case, we are well positioned to continue fighting for the livelihood of farmers and others in rural America."
Read more about this latest development in this litigation that has been going since 2012- click or tap here.
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OSU's Kim Anderson
joins host Lyndall Stout
again this week on SUNUP and will be talking marketing strategies for wheat producers this year.
According to Anderson, wheat markets rallied this week and would now allow producers to forward contract harvest wheat at $4.20 and believes markets will sustain that price until it rains - if it ever does... But should it not, Anderson believes the price of good quality wheat with high test weight and protein levels could command a price of between $6.00 and $7.00 a bushel - basing that figure on the cost of hypothetically importing Russian wheat.
Given that forecasts currently are betting that the drought will continue on through at least May, Anderson says wheat farmers will need to take advantage of the potentially higher prices that he expects may come down the road. For that, he discourages producers from forward contracting their wheat at the current $4.20 price.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now and see what else is on the lineup for this week's episode by clicking here
In yesterday's email, we included a story covered by our Associate Farm Director Carson Horn on farming within a "holistic context," a concept developed by renowned environmentalist, Allan Savory, who spoke about his theories at the No-Till on the Plains Conference in Wichita this week. While there, Carson also had the chance to speak with Julie Mettenburg, a student of Savory's ideas, who has implemented them on her own family farm. She was also a guest speaker at this event and presented on how to approach the human resources aspect of farming from within that holistic mindset. She explained that all management decisions in some way are underpinned by human resource management, as all decisions are made by humans and typically require human involvement or buy-in, especially on a family farming operation.
"We don't actually think about it, but really it underlies everything because everything we do is about decision making, and humans have to make the decisions," she said. "So, when you talk about human resource management on a family farm - how are multiple people in our family going to stay in farming... what if nobody wants to stay in farming... We have to make a lot of decisions. This holistic framework can help us make these decisions effectively."
The process of thinking holistically, begins with a family or company sitting down and developing a document that basically takes into account who they are, what they represent and what they hope to do - a mission statement essentially. From there, Mettenburg says all future decisions can be weighed against that benchmark to determine which known options advance that mission. She insists, too, that holistic management is not about achieving any certain goal, but rather maintaining a continuous course of improvement on your operation via trial and error in some cases.
Read more or listen to Carson's complete interview with Mettenburg, by clicking here
, to learn more about Savory's holistic principles and how they can be applied on an operation.
|From the Calendar - Messner Ranch Production Sale and Roger Mills County Cattlemen's Association Bull Sale
If you are in the market for some high performing cattle - you've got two great options coming up this weekend that we encourage you to check out and support.
First off is Messner Ranch's Annual Production Sale
happening Saturday, February 3rd at 12:30 p.m. at the Ranch in Slapout, OK featuring 150 Service Age Hereford & Angus Bulls and 75 Bred Angus & Hereford Heifers.
Be sure to check out these sales and others on the Calendar Page
of our website.
|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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