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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
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 Wednesday compared to the last sale on FedCattleExchange.com - 255 cattle were offered, though none actually sold. Click here to see their complete market results.
OKC West has double the trade volume of a year ago- Mixed Bag on Yearling Prices in the Wednesday Trade- click or tap here for details.
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:
Futures Wrap:
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, February 15, 2018
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 Uncle Sam Invests a Dollar in MAP and FMD with US Grains Council- Gets an Amazing $20 Back in Tax Revenues
Spending on overseas market development for U.S. feed grains and related products increased the value of those exports by an average of $1.71 billion per year from 2010 to 2014 and increased U.S. gross domestic product (GDP) by an average of $5 billion per year, returning $19.76 for every $1 spent by taxpayers.
Those were key takeaways from a review of the full economic value of the US Grains Council's programs presented by Dr. Harry Kaiser, professor of applied economics and management at Cornell University, during the final day of the organization's 15th International Marketing Conference and 58th Annual Membership Meeting in Houston.
Kaiser recently analyzed the combined effect of USGC member support and funding from the U.S. Department of Agriculture's (USDA's) Market Access Program (MAP) and Foreign Market Development (FMD) program, together totally approximately $20 million per year during the study period.
On the cusp of the debate over the new farm bill, Kaiser also presented his analysis of what would happen to grain exports and the economic benefits they produce if USDA funding for market development were to be cut. He found a 50 percent cut in FAS funding would cause farm receipts to fall by almost $1.7 billion, and government payments through farm safety net programs would increase by $76.6 million annually.
To read more- click or tap here.
In our Top Ag Story report on this ROI study- we have the link to the full presentation made by Dr. Kaiser. When you drill down into the numbers- market development efforts are amazing in their rate of return. For example- the Kaiser Power Pint says you get $61 of additional exports per dollar of market development.
Wow!
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The Oklahoma Department of Agriculture, Food and Forestry will close the call for nominations for its 2018 Oklahoma Excellence in Agriculture Awards tomorrow.
These awards serve to recognize those who have helped lead Oklahoma's ag industry while demonstrating exemplary personal values and pursuing agricultural achievements. Nominations are being collected for The Governor's Outstanding Achievement Award in Agriculture; Governor's Agriculture Environmental Stewardship Award; Governor's Outstanding Public Service in Agriculture Award; and The Governor's Outstanding Legacy in Agriculture Award.
The award winners will be announced at a recognition ceremony on April 10, 2018, at the state capitol as part of the state's annual Oklahoma Ag Day celebration. The deadline for all nominations is 5 p.m. on Friday, Feb. 16. The recipients will be selected by a committee of representatives from agricultural commodity organizations and farm and ranch organizations.
For more information on these awards and a list of previous winners, click here. To jump to ODAFF's website for a nomination form, click here.
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Sponsor Spotlight
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
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The U.S. ethanol industry added nearly $44.4 billion to the nation's gross domestic product and supported 358,779 jobs in 2017, according to a new study conducted by ABF Economics and released Wednesday by the Renewable Fuels Association at the 23rd annual National Ethanol Conference.
"The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of crude oil and petroleum products," the study noted. "The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry's position as the original creator of green jobs and will enable America to make further strides toward energy independence," the study added.
According to the analysis, the production and use of 15.8 billion gallons of ethanol last year supported nearly 359,000 jobs across all sectors of the economy; added more than $24 billion in income for American households; generated an estimated $5 billion in tax revenue to the Federal Treasury and $5.7 billion in revenue to state and local governments; and displaced 532 million barrels of imported oil, keeping $26.9 billion in the U.S. economy.
"As these figures show, the U.S. ethanol industry is unquestionably a significant contributor to our economy," said RFA President and CEO Bob Dinneen. "Our industry supported nearly 360,000 jobs last year and displaced a substantial amount of imported crude oil, bringing high-paying jobs to rural communities across the nation. The U.S. ethanol industry is an undeniable economic powerhouse, benefitting consumers throughout the country." Find more highlights from this report that illustrate ethanol's value to the US economy in the full version of this story, by clicking here. |
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According to Dr. Shalene McNeill, dietary lead for the National Cattlemen's Beef Association, it is an exciting time right now for the industry to talk to consumers about beef. She says society is becoming more and more health conscious regarding the food they eat, but are also more open-minded about what foods can provide the nutritional benefits they seek as an individual - including beef. She spoke with me recently about why there is plenty of room for beef in any healthy diet.
"I think we're at a breakthrough time on nutrition, because we're starting to see people rethink the role of beef in health," McNeill said. "There's been a lot of criticism that saturated fat may not be as bad as we once thought it was; we're seeing leaner beef; there's more research on beef's benefits to heart health and then of course there are these higher protein diets. So, all these things are coming together nicely to give us an opportunity to highlight the wonderful nutritional package that beef is."
Beef's message is one that McNeill says really resonates with consumers right now. Part of that effort is keeping track of what trends are sweeping through the consumer culture, which starts at the research level. McNeill says she closely monitors what the scientific community is saying or publishing in their latest studies. The work they do trickles down into society and can be traced by following its influence to physicians who base their health recommendations on that research, which can show up in the communication between trade and business and eventually impacts consumer interest. That strategy has led McNeill to her current work, developing a campaign that positions beef as a strength promoting food.
"We think that there's a strong trend around strength. People are beginning to notice how important it is to maintain your strength and muscle as you age," she said. "We're seeing more and more conversation of that because of science that the Checkoff helped contribute to 10 years ago, to show that protein can lead to better muscle health and that can lead to stronger bodies as we age. Now, we're starting to see mainstream interest."
Click here for yesterday's show to hear McNeill and I discuss the nutritional benefits of beef.
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The National Council of Farmer Cooperatives yesterday praised the introduction of S. 2421, the Fair Agricultural Reporting Method, or FARM, Act, which exempts agricultural producers from mandated reporting requirements meant for toxic waste dump sites, though currently also applicable to animal waste emissions. The legislation is being cosponsored by a bipartisan group of senators, including Oklahoma's Jim Inhofe.
"During a time of continued low commodity prices, the last thing any farmer or rancher in this country needs are the added costs that the burdensome reporting requirements under CERCLA and EPCRA will bring," said Chuck Conner, president and CEO of the National Council of Farmer Cooperatives. "We would like to thank Senator Fischer and Senator Donnelly and all of their cosponsors for introducing this legislation and helping to provide producers with certainty moving forward."
The EPA actually issued a waiver to these regulations for animal agriculture in 2008, but in 2017, the federal D.C. Circuit Court of Appeals struck down the waiver thanks to a lawsuit filed by environmental activists.
For a look at NCFC's original statement, issued Wednesday, click here to jump to that story on our website.
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Sponsor Spotlight
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
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U.S. Secretary of Agriculture Sonny Perdue will be featured as the keynote speaker during the General Session at the 2018 Commodity Classic held Feb. 27-March 1 in Anaheim, Calif. The General Session is scheduled for Wednesday morning, Feb. 28 at 9:00 a.m. at the Anaheim Convention Center.
Secretary Perdue is expected to share his vision for the U.S. Department of Agriculture including his thoughts on a new Farm Bill, international trade, rural development and the role of agriculture in America's food security and economic vitality.
Following Secretary Perdue's keynote speech, the audience will hear an inspiring presentation from Army Ranger Keni Thomas, who was a member of the harrowing 1993 military mission in Somalia that was recounted in the movie Blackhawk Down.
The General Session will also include comments from the leaders of the five associations that present Commodity Classic including the American Soybean Association, National Corn Growers Association, National Association of Wheat Growers, National Sorghum Producers and the Association of Equipment Manufacturers.
Education is a hallmark of Commodity Classic which will also feature several breakout learning sessions, events and entertainment for farmers who attend the national conference, in addition to the General Session.
For more details on all the Commodity Classic has to offer or how to register, click or tap here.
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Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click to subscribe to his daily update of top Energy News.
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Coming Tomorrow - Upcoming American Farmers & Ranchers Convention Brings State and National Ag Leaders Together
A full slate of state and national agricultural leaders will address members attending the annual American Farmers & Ranchers Convention this weekend, Feb. 16-18, at the Embassy Suites Hotel, Norman, Okla. Featured speakers offering a national perspective at the convention include Roger Johnson, president of the National Farmers Union, Chandler Goule, CEO, National Association of Wheat Growers, and Kellie Bray, senior director, government affairs, CropLife America. The convention also features a special advocacy session featuring the Peterson Farm Brothers set for Saturday morning and the Concharty Mt. Boys Quartet will close out the convention Sunday morning with a series of inspirational gospel tunes as part of the annual worship and memorial service. "Our members are looking forward to hearing from these outstanding leaders," Terry Detrick, AFR president said.
Many other speakers representing Oklahoma's diverse agricultural industry will present as well during the convention, which also features a blood drive by the AFR Women's Council this year.
AFR members will also have the chance to discuss pressing issues including the continuing state budget crisis, the rural economy, the new farm bill and feral hog control during the meeting's business session. Several positions on the organization's state board are also up for election this year, including the vice president's seat.
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Does the severity of the winter have an impact on spring-born calf birth weights? Ranchers have asked that question during many springs and veterinarians have speculated for years. While the debate rages on, OSU's Glenn Selk tackled the subject in his latest article in this week's edition of the Cow/Calf Corner newsletter.
According to Selk, who referred to research conducted by the University of Nebraska evaluating the effects of high and low air temperatures and wind chills during winter months on subsequent calf birth weights and calving difficulty of spring-born calves. He reports that the results of this study concluded that cold temperatures influenced calf birth weight. While weather cannot be controlled, Selk says this study can teach us that if we have below average winter temperatures, larger birth weight calves and more calving difficulty can potentially be expected in the spring.
"One possible explanation for this phenomenon, the changing of blood flow patterns of cows gestating in hot weather versus cold weather<" Selk writes. "During hot weather blood is shunted away from internal organs toward outer extremities to dissipate heat, while the opposite is the case in very cold weather with blood flow directed toward internal organs in an effort to conserve heat and maintain body temperature. This change in maternal blood flow may impact fetal growth in a small way, but result in a measurable difference."
Read Selk's full article from this week, to learn more about how winter temperatures can affect the birth weight of spring calves, by clicking here. |
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Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, 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!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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