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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.
During Wednesday's sale of finished cattle on the
- 596 head of cattle were offered with 0 actually sold. Click here
to see their complete market results.
sold feeder steers and heifers under 800 lbs steady, and over 800 1.00-2.00 higher on Wednesday, compared to last week - details are available here.
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, June 14, 2018
Fly Your Flag!!! It's Flag Day Here in the USA!
Roberts, Stabenow Deliver on Promise as Senate Agriculture Committee Passes Bipartisan Farm Bill
Delivering on a promise, US Senate Agriculture Committee Chairman Pat Roberts of Kansas and Ranking Member Debbie Stabenow of Michigan, yesterday announced the Agriculture Improvement Act of 2018 was favorably reported out of the Committee with bipartisan support.
Commonly referred to as the Farm Bill, the bipartisan 5-year legislation encompasses a broad array of agriculture, nutrition, conservation and forestry policy. Chair Roberts called the Farm Bill "a reminder of how things should work in Washington - clarifying that statement, he added - listening to the folks back home, working through issues with the other side of the aisle, then writing a good bill."
During the debate at Wednesday's markup of the bill, Chairman Roberts pressed Majority Leader Mitch McConnell on making sure the approval process of the Farm Bill would be made a priority in the interest of time, now a fleeting resource for farmers and ranchers racing against the clock to get the legislation passed into law before mid-term elections have the chance to disrupt the process later this fall. McConnell responded, assuring Roberts that the Farm Bill would be considered on the Floor by July 4th. He also expressed his anticipation that the House would soon deliver its own version of the bill, so that both legislative bodies could enter into conference to reconcile a final bill.
The legislation has the support of more than 115 agriculture, nutrition, conservation and forestry groups. Now approved by the committee, the Farm Bill proposal moves to the Floor for full US Senate consideration.
For more information on yesterday's markup of the Senate Farm Bill, click here and take a moment to listen to the opening statements of both Roberts and Stabenow, here.
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.
Agriculture Community Applauds Senate Ag Committee's Passage of Its 2018 Farm Bill Proposal
The agriculture community was quick to respond once news broke yesterday that the Senate Ag Committee had voted to approve the advancement of the 2018 Agriculture Improvement Act. We've gleaned a few comments from the reactions offered by industry stakeholders. We invite you to follow the corresponding links below to read the complete statements made by each organization.
The National Sustainable Agriculture Coalition was one of the first out of the gate, with the following statement.
"The voices of America's family farmers and ranchers have been heard and represented in the bill passed today by the Senate Agriculture Committee," NSAC stated. "We look forward to continuing to work with members of both the House and the Senate to deliver an on-time 2018 Farm Bill that protects family farmers and ranchers, our natural resources, and American families."
Like others, the National Corn Growers Association cheered the bill's passage, but also expressed some concerns.
"NCGA is pleased to see the bipartisan bill maintains support for a robust crop insurance program, our organization's top farm bill priority," said NCGA President Kevin Skunes. "At the same time, it is very disappointing that provisions attempting to secure a more regionally equitable commodity title and improve the ARC-county program to ensure producers have a viable, market-oriented risk management option were not included in the final bill. We hope there will be opportunities to improve these areas as the bill moves forward."
Oklahoma's own Jimmie Musick, currently serving as president of the National Association of Wheat Growers, contributed his own remarks on behalf of US wheat farmers, making note of the bill's important trade promotion, financial and risk management provisions. He encouraged the Senate to quickly move the bill forward.
"NAWG commends the Senate Agriculture Committee for working together to move the Farm Bill forward and out of Committee. It's vital for the bill to be reauthorized before the September 30th deadline, so that farmers can have access to these beneficial programs."
"Soy growers and farmers across the country are in need of certainty during this time of low crop prices and volatile conditions affecting export markets," added American Soybean Association Vice President and Kentucky soybean farmer Davie Stephens. "The Senate Committee's action today takes us one step closer to completing the farm bill this year, providing much needed stability across the countryside."
Zippy Duvall, president of the American Farm Bureau Federation shared those sentiments.
"We applaud the spirit of cooperation shown in today's 20-1 vote, and are eager to see that carry through on the floor of the Senate in the coming days," he stated. "The American Farm Bureau Federation thanks Chairman Roberts and Ranking Member Stabenow for bringing this important legislation forward. Farmers and ranchers are counting on our lawmakers to come together and pass the farm bill soon, followed quickly by the President's signature."
Independent Community Bankers of America President and CEO Rebeca Romero Rainey made no bones about her opinion why the Senate should act quickly to approve this bill.
"Today's 20-1 vote to pass the farm bill out of the Senate Agriculture Committee should send a strong message to the full Senate to quickly adopt this bipartisan farm bill, which is so important to America's farmers, ranchers, lenders and other rural citizens," she said.
Click here to read Rainey's complete statement.
Dr. Glynn Tonsor of Kansas State Says the Rising Tide of Red Ink in Feedlots is Becoming Significant
When you look at current cattle prices, Dr. Glynn Tonsor of Kansas State University says feedlots appear to be losing money and will likely continue to lose money for the remainder of 2018. In a recent interview with us, he explained how this situation may play out for some feedlot operations - if they do not have any risk management protections in place that will help to minimize any losses feeders may be facing because of current cattle prices. At any rate, Tonsor says the flow of red ink in the feeding sector is significant.
"For steers, between May and September of 2018, projections are in excess of $100 losses and in the back end, so Q4 of 2018, we're actually projecting the first two months of 2019 are between at $15 to $100 per loss," Tonsor said. "Each of those presume a fed basis that's zero to plus $2 to $3 depending on what month we're looking at and we've had some recent months where basis has been $10 to $15."
However, in the event things turn out that it is $5 stronger than he is currently predicting, Tonsor says 1,400 lb. steers could actually add basically an additional $70 of value to the sale price. In that case, he clarifies that prices may actually be closer to breakeven. Tonsor says, too, those feedlot operators with a risk management plan in place will actually have the opportunity to lose less money, perhaps even make a little. The key to all of this, though, is minimizing any potential hiccups in trade - which as we all know is something of a contentious issue at present with the current administration shaking things up in global commerce. Tonsor asserts that today's ag industry is on track to have the ability to continue feeding a growing world population and remain profitable while doing it - but that all rests on the ability of nations with the advantage of being able to produce large amounts of food to export it to other countries where demand is strong. This is viewpoint is held universally, Tonsor says, who recently returned from the World Meat Congress held in Dallas last week.
"It is very clear that everybody, whether you come from Argentina, Canada, Mexico, the US, wherever you come from - recognizes the critical role of trade both from a producer as well as a consumer perspective on meat," he said. "So, there's a lot of reasons to be optimistic because growing global protein demand is a reason to be optimistic if you are a protein producer."
Listen to mine and Tonsor's full discussion examining the current global meat market, on yesterday's Beef Buzz - click here.
|Federal District Judge Blocks California's Efforts to Call Glyphosate Cancer Causing Until Matter is Settled
In another win for U.S. agriculture and the national agriculture coalition fighting California's false and misleading Prop 65 labeling requirement for glyphosate, U.S. District Court Judge William Shubb, for the Eastern District of California, upheld the preliminary injunction prohibiting California from enforcing the requirement until a final ruling on the matter is issued by the court.
California Attorney General Xavier Beccera had filed a motion to lift a preliminary injunction issued by the court in February prohibiting the state from enforcing its labeling requirement. That motion was denied by Judge Shubb, who upheld the preliminary injunction prohibiting the state from enforcing its Prop 65 labeling requirement for glyphosate until all of the facts are considered by the court.
"California is attempting to implement a policy that would cause damage to American farmers," said Chandler Goule, Chief Executive Officer for the National Association of Wheat Growers. "The facts and science are on our side which show that glyphosate is safe for use. Farmers and growers are defending U.S. agriculture against California's false and misleading Prop 65 labeling requirement, and maintaining this preliminary injunction is another win for them."
Read more about this latest Prop 65 development byclicking or tapping here.
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!
Perdue Orders USDA to Extend Application Deadline for Dairy Margin Protection Program to June 22
The Department of Agriculture has again extended the enrollment period for the revamped Dairy Margin Protection Program. The deadline, originally June first, is now June 22nd.
The improved program protects participating dairy producers when the margin - the difference between the price of milk and feed costs - falls below levels of protection selected by the applicant.
USDA has already issued more than $89 million for margins triggered in February, March, and April, and USDA offices are continuing to process remaining payments daily.
Agriculture Secretary Sonny Perdue said of the first deadline extension that USDA received more than 500 new enrollments from dairy operations. More than 21,000 American dairies have signed up for coverage. However, Perdue says he is "certain we can do better with this extra week and a half."
The re-enrollment deadline was previously extended through June 8th. USDA says this will be the last opportunity for producers to take advantage of adjustments Congress made to MPP earlier this year.
Click here to check out the original release from the USDA for more information.
NCBA's Young Cattlemen's Conference Graduates Prepared to Advocate for the Beef Community
The National Cattlemen's Beef Association's 2018 Young Cattlemen's Conference class wrapped up recently in Washington, D.C., where all 61 emerging beef leaders this year learned about the impacts of public policy on their operations. After an in-depth briefing from NCBA's lobbyists and policy experts, participants took to Capitol Hill, visiting more than 200 congressional offices to advocate for industry policy priorities.
Prior to this visit to Capitol Hill, participants took part in a ten-day tour showcasing every facet of the beef industry, including visits to Greeley, Colo., to tour Five Rivers Cattle Feeding's Kuner Feedyard, the JBS processing plant and an opportunity to meet with the executive team at JBS Headquarters. In addition to this tour, class members were given the chance to take part in leadership development sessions, media training, and hands-on demonstrations of NCBA's consumer marketing programs among other locations.
Now in its 39th year, YCC is designed to develop and train the next generation of ranchers, beef producers, and advocates. Included in this year's graduating YCC class was Becca McMillan from Oklahoma. Congratulations to Becca! You can learn more about her experience as a member of this year's YCC class, by clicking or tapping here.
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Maximize Your Herd's Economic Efficiency by "Preg" Checking and Culling Replacements Early
This week, OSU's Dr. Glenn Selk encouraged producers to "preg" check and cull replacement heifer early this year during breeding season to maximize their herd's economic efficiency.
"Many Oklahoma ranchers choose to breed the replacement heifers about a month ahead of the mature cows in the herd. In addition, they like to use a shortened 45 to 60-day breeding season for the replacement heifers. The next logical step is to determine which of these heifers failed to conceive in their first breeding season. This is more important today than ever before," he writes.
"As the bulls are being removed from the replacement heifers, this would be an ideal time to call and make arrangements with your local veterinarian to have those heifers evaluated for pregnancy in about 60 days. In two months, experienced palpaters should have no difficulty identifying which heifers are pregnant and which heifers are not pregnant (open). Those heifers that are determined to be "open" after this breeding season, should be strong candidates for culling."
Selk says that culling these heifers immediately after pregnancy checking serves three very economically valuable purposes - removes sub-fertile females from the herd and any chance of passing on such a heritable trait in your herd's gene pool; reduces summer forage and winter costs; and allow for marketing the heifers while still young enough to go to a feedlot and be fed for the choice beef market.
For more of Selk's advice on preg checking and culling your replacement heifers, click or tap here, to review his complete article published in this week's edition of the Cow/Calf Corner newsletter.
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