 |
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.
Day Two of Week in the Rockies Kicks Off at 8:30 AM Central with Superior Sunrise and then the Sale itself at 9 AM Central- Click here for more details and what is on the sale list for today from Superior Livestock
FedCattleExchange.com has 250 head of cattle on their showlist for the Wednesday, July 11th sale of finished cattle - click here to jump to the website.
At the Oklahoma National Stockyards- 8,200 was the estimated run- Compared to last week's limited offerings: Feeder steers and heifers mostly 1.00-4.00 higher. 500-600 lb. steer and heifer calves 1.00-3.00 higher, no test on lighter calves.- the trade yesterday was sharply higher compared to 2 weeks ago- click or tap here for the complete report.
Joplin Regional Stockyards reports over 6,000 head for yesterday's sale- Compared to last week, steers and heifers steady to 3.00 lower, following last week's sharply higher trade- Click or tap here for all the 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
|
|
|
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, July 10, 2018
|
Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
|
NCBA's Scott Yager Expects More Friendly Supreme Court With Brett Kavanaugh on the Bench
National Cattlemen's Beef Association Chief Environmental Counsel Scott Yager last night released the following statement in response to President Trump's nomination of Judge Brett Kavanaugh to the U.S. Supreme Court:
"President Trump's nomination of Judge Kavanaugh presents an opportunity to solidify the conservative tilt of the U.S. Supreme Court. The retiring Justice Kennedy was long considered a 'swing vote' -he voted with the liberal wing of the Court almost as many times as he sided with the conservative Justices.
"Justice Kennedy, in fact, is partly to blame for the Waters of the U.S. (WOTUS) quagmire because he drafted his own opinion (creating the 4-1-4 split) and endorsed the 'significant nexus' test in the 2006 Rapanos decision. Replacing Justice Kennedy with a solidly conservative 5th vote will change the highest court in the land for many years to come and clears the path for a narrower WOTUS definition, as supported by the Trump Administration and NCBA, to be upheld by the Supreme Court."
|
USDA Reports Nation's Corn and Soybean Crops Developing at Much Faster Pace Than Normal
The US Department of Agriculture released Monday, July 9, 2018 its latest Crop Progress report according to which the US corn crop is denoted as being 37 percent complete in its silking stage, well above 18 for last year and the five-year average, with a current condition rating this week of 7 percent poor to very poor, 18 fair and 75 percent good to excellent. Meanwhile, 47 percent of the national soybean crop is reported to be blooming, ahead of both the previous year at 32 percent and the five-year average of 27 percent, with a condition rating currently of 7 percent poor to very poor, 22 fair and 71 good to excellent. Also this week, 11 percent of US soybean are reported to be setting pods, 7 points above normal and 5 above this time last year. Click or tap here to view the complete USDA Crop Progress report, released Monday, July 9, 2018. Looking at our three-state region across the Southern Plains this week - In Oklahoma, corn silk reached 44 percent, up 7 points from the previous year. Sorghum planted reached 96 percent, up 3 points from the previous year. Sorghum headed reached 17 percent, up 1 point from the previous year. Sorghum's condition this week rates 3 percent poor to very poor, 44 fair and 53 percent good to excellent. Cotton setting bolls reached 10 percent, up 10 points from the previous year and up 3 points from normal. Cotton's condition rates at 25 percent poor to very, 37 fair and 38 good to excellent. Conditions of pasture and range were rated at 16 poor to very poor, 34 percent fair and 50 good to excellent. For the full Oklahoma Crop Progress report for this week, click here. In Kansas, winter wheat condition rated 16 percent very poor, 30 poor, 37 fair, 15 good, and 2 excellent. Winter wheat harvested was 92 percent, near 90 last year, and ahead of 85 for the five-year average. Corn condition rated 4 percent very poor, 12 poor, 32 fair, 45 good, and 7 excellent. Corn silking was 48 percent, ahead of 34 both last year and average. Dough was 6 percent, near 3 both last year and average. Soybean condition rated 2 percent very poor, 9 poor, 38 fair, 47 good, and 4 excellent. Sorghum condition rated 2 percent very poor, 5 poor, 33 fair, 54 good, and 6 excellent. Sorghum headed was 6 percent, near 4 last year and 3 average. Cotton condition rated 1 percent very poor, 3 poor, 34 fair, 59 good, and 3 excellent. Cotton squaring was 55 percent, well ahead of 17 last year and 21 average. For the full Kansas Crop Progress report for this week, click here. And across Texas, wheat harvest is nearly complete with few isolated areas in the Northern Plains not quite finished as dryland cotton meanwhile continues to struggle in the Plains and the Edwards Plateau. Wheat harvest climbed 6 points this week from last reaching 86 percent, behind 92 the average and 96 for the previous year. Sorghum's condition this week rates 34 percent poor to very poor, 40 fair and 26 percent good to excellent, with 62 percent of the crop headed, 56 percent at the coloring stage, 40 percent mature and just 17 percent harvested this week. Finally, cotton is 51 percent squaring this week, down from last year by just 1 and 7 ahead of normal. Setting bolls is at 18 percent currently, even with last year and ahead of normal by 6, with a condition rating this week at 42 percent poor to very poor, 37 fair and 21 good to excellent. For the full Texas Crop Progress report for this week, click here. The good to excellent spread of pasture and range conditions here in the Southern Plains is holding up relatively well for the most part compared to last year, at least for Oklahoma and Texas despite having been under drought conditions for so long. Kansas on the other hand has fallen considerably below last year's statistics.
Comparing this week to the same time last year in Oklahoma, we see a 6-point spread in the combined good to excellent rating with this week at 50 percent and last year at 56 percent. Kansas rates at 33 percent good to excellent this week, leaving a 41-point deficit from last year's 74 percent good to excellent. Finally, Texas is actually better in 2018 compared to the same time last year at 59 percent good to excellent, 7 points better than last year's rating of 52 percent.
Arizona resides at the bottom of the national comparison with a poor to very poor rating of 90 percent, currently. The nearest state beyond that is New Mexico with 61 percent of its rangeland rated poor to very poor. Colorado takes the third spot with 51 percent and followed closely by Missouri at 48 percent. |
|
|
Sponsor Spotlight
As a premier John Deere dealer, P&K Equipment is your local expert source for John Deere equipment, parts, and service. The P&K network is 22-stores strong (11 in Oklahoma, 2 in Arkansas, 9 in Iowa), including the latest additions at Poteau, OK, and Fort Smith, AR, and has been in operation for more than 30 years. When you put the P&K team to work for you, you'll have a powerhouse of resources and inventory on your side.
And if you check us out on the web at pkequipment.com, you'll have it all at your fingertips. New & used equipment (you can even request a quote, schedule service, or get a value for your trade!), current P&K promotions, service scheduling, online parts shopping, finance tools & so much more! Stop by and meet the team at P&K Equipment today- in stores or online. Because around here, John Deere starts with P&K.
|
Class XIX of the Oklahoma Ag Leadership Program Announced by Oklahoma State University
Oklahoma State University has announced the roster for Class XIX of the Oklahoma Ag Leadership Program. Dr. Edmond Bonjour, Director of the Program, says that the class which will gather for the first time in August in Stillwater, will consist of 25 young men and women who will travel across the state and beyond over the next two years to develop a deeper and fuller appreciation of Oklahoma's ag industry as well as their potential as future leaders in the state.
"OALP is one of Oklahoma's top leadership programs geared toward emerging leaders in the agriculture industry," Bonjour said. "OALP has been helping Oklahomans develop their leadership skills for nearly four decades, and we continue to produce well-educated leaders for our state's agriculture industry."
The OALP helps participants build a network of professional leaders in both the industry and in government which they can lean on to solve future problems and exploit opportunities for the state's agricultural industry.
Included in CLass XIX of OALP are James Ambrose, Stillwater; Jonathan Bergmark, Stillwater; Courtney Brown, Edmond; Adam Cobb, Stillwater; Tyler Cole, Broken Arrow; Jake Harriger, Piedmont; Kendal Henderson, Stillwater; Lindsay Henricks, Anadarko; John Jeffrey, Stillwater; Myriah Johnson, Lindsay, TX; Tandy Kidd, Oklahoma City; Kristin Knight, Edmond; Reid Nichols, Altus; Zak Nulik, Hinton; Eli Parr, Yukon; Dillon Payne, Lone Grove; Gregg Pickens, Stillwater; Allan Poe, Waynoka; Jason Ramsey, Checotah; Nikki Schuth-Mitchell, Calera; Dillon Sparks, Hennepin; Steven Stewart, Stillwater; Lee Vanderwork, Mooreland; Nina Wise, Stillwater; Mark Zordel, Miami. To learn more about the program, click or tap here.
|
May Beef Exports Shatter Value Record; Pork Exports Trend Lower, According to Latest USMEF Report
The latest monthly red meat export report out from the US Meat Export Federation revealed, yesterday, that U.S. beef exports have set a new value record this past May while also increasing significantly year-over-year in volume. The report also indicated that May pork exports were lower than in 2017, though January-May totals for U.S. pork remained ahead of last year's pace.
Beef export volume was 117,871 metric tons (mt) in May, the sixth-largest on record, valued at a remarkable $722.1 million, which surpassed the previous monthly high (March 2018) by a healthy 4 percent and was 24 percent higher than a year ago. Through the first five months of 2018, beef exports were up 10 percent in volume to 547,157 mt while export value was $3.32 billion, 21 percent above last year's record pace.
Beef export value averaged $313.39 per head of fed slaughter in May, up 18 percent from a year ago. The January-May average was $317.69 per head, also up 18 percent.
"Despite the intense competition U.S. beef faces in Japan and Korea, these markets continue to display a terrific appetite for a growing range of cuts," said USMEF President and CEO Dan Halstrom. "Beef items that are traditionally popular in Asia continue to perform and other items more suitable for thick-cut steaks and barbecue concepts are gaining more traction, resulting in exceptional growth opportunities. But the enthusiasm for U.S. beef extends well beyond these two leading markets, and that's how exports have reached this record-breaking pace."
Halstrom also commented on the unfortunate circumstances currently that have positioned pork in "the crosshairs of a dispute that has nothing to do with pork trade," that have dampened pork's momentum in 2018.
Following a record performance in April, May pork export volume was 217,209 mt, down 2 percent from a year ago and reflecting smaller exports of variety meats. Export value was $562.5 million, down 3.5 percent. For January through May, pork export volume was still 3 percent ahead of last year's record pace at 1.08 million mt, while value increased 6 percent to $2.85 billion.
May pork export value averaged $55.05 per head slaughtered, down 6 percent from a year ago. The January-May per-head average was $55.57, up 2 percent from last year.
Click here for more highlights of the export data on US red meat products compiled by USMEF for May 2018.
|
China Tariff On U.S. Pork Now Tops 60 Percent; American Pork Producers Face Financial Crisis
China's implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning "less income for pork producers and, ultimately, some of them going out of business."
China announced a new 25 percent tariff in response to U.S. action under Section 301 of the Trade Act of 1974. That tariff is on top of the 25 percent punitive duty levied by China in early April in response to U.S. action under Section 232 of The Trade Expansion Act. U.S. pork already had a 12 percent tariff on exports to China.
The country also has a 13 percent value-added tax on most agricultural imports. China represented 17 percent of total U.S. pork exports by value in 2017. NPPC President Jim Heimerl added: "We need these trade disputes to end."
Click here to read more from the NPPC's perspective on this matter.
|
|
Sponsor Spotlight
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.
Up next will be the Tulsa Farm Show in December 2018- the dates are December 6th, 7th and 8th. Now is the ideal time to contact the Midwest Show Office at 507-437-7969 and book space at the 2018 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
|
Generational Transfer Happens Whether We're Prepared for it or Not- So, Why Not Plan Ahead Right Now?
One of the legendary ranches in the Southern Great Plains is the RA Brown Ranch of Throckmorton, Texas. Donnell Brown is a part of the RA Brown Ranch legacy. He spoke to producers recently during the 2018 Texoma Cattlemen's Conference about how they can ensure the longevity of their operations using the same thought-processes and strategies his family has done successfully for over a century now.
"Generational transfer happens whether we're prepared for it or not. So, why not take the time to prepare for it," Brown said. "That means we have to talk about mortality. We've got to realize we're not going to live forever and so what can we do to set our children up for the best success."
Personally, Brown says his focus in preparing his children in that way has been through teaching them - teaching them to work, earn, save and invest. And with that, continue to grow and build the business. Brown says this was the same training his parents imparted to him growing up always stressing the importance of "keeping the ranch in the family and the family in the ranch." A key component to actually succeeding at this requires some wise estate planning, complete with all the necessary tools in place to minimize any financial burdens or implications.
"With the Death Tax or Estate Tax that thankfully our current administration is working hard to get rid of or diminish, you know what we've had to live with in the last few years is very challenging to keep a business intact when the Death Tax is nearly 50 percent," he said. "You have to keep it a viable size to maintain it as a viable economic unit as a business."
Listen to Brown share more of his advice on estate planning for a farm or ranch business, on yesterday's Beef Buzz - click here.
|
Gene-Editing Technology will Play Significant Role in Creating a Sustainable Food Supply by 2050, According to New CAST Paper
As the world's population continues to grow exponentially, the agricultural community is racing against the clock to develop the science and technologies that will support a sustainable food supply by the year 2050. This task is by no means a simple one. While the prospect of expanding agricultural production enough to feed an estimated 9.8 billion people in the world in just 30 years sounds daunting enough - scientists must also account for setbacks such resource shortages, climate change and pest prevalence.
However, genome editing could be the key to solving all these challenges. According to a new issue paper published by the Council for Agricultural Science and Technology, this technology could potentially have some very positive and significant impacts on plant and animal breeding and increase the world's food security. However, many unknowns about this technology remain. At the same time, though, the advancements of this science are happening rapidly and we find ourselves at a point where discussions about the proper use of this technology needs to take place. CAST addresses these issues in its paper but contends gene-editing will be crucial to long-term sustainability.
"Although much remains to be learned, it is clear that successful development of genome editing for crop and livestock improvement will benefit from science-informed, value-attentive regulation that promotes both innovation and transparency," a CAST release states. "The authors of this paper intended for it to be a resource in providing a conceptual and knowledge-based foundation for regulatory agencies, policymakers, private and public research institutions, industry, and the general public."
This CAST Issue Paper (IP 60) and its companion Ag quickCAST are available online, just click over to our website for more information and links to these documents.
|
|
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 here to subscribe to his daily update of top Energy News.
|
OSU Economist Derrell Peel Reflects on Recent Visit to China to Learn About It's Agriculture Industry
Our friend Dr. Derrell Peel, an extension agricultural economist at Oklahoma State University, recently visited China on a university exchange program, during which he had the chance to immerse himself in China's ag industry and make some objective observations. Peel's article in this week's edition of the Cow/Calf Corner newsletter, he shares some of his experiences in Asia and offers a glimpse from his perspective into rural life in China.
"The biggest impression I have of China is dynamic growth and the rapid pace of development," Peel writes. "While economic growth has slowed somewhat from recent years, the Chinese economy is projected to grow about 6.6 percent in 2018. What you see everywhere as a result of that is construction...new roads, railroads, and hundreds of new high-rise apartment buildings. It is very common to see 10-20 construction cranes at work simultaneously as housing developments were doubling or tripling in size. In some cases older structures are being replaced with new construction while in other cases sprawling new developments are pushing urban boundaries into previously undeveloped areas. With an urbanization rate of one to two percent per year, the 1.4 billion Chinese population means that new housing and jobs must be forthcoming for 15-25 million each year as people relocate from rural to urban locations.
While, much of Peel's article is dedicated to some of the more general details of his travels, he assures that more intimate details of China's ag industry are on the way.
"China is about the same size as the U.S., roughly the same distance east to west but covering a wider range of latitude north to south. Every climate and terrain imaginable is found in China leading to a vast and diverse agricultural system. Through my travels, visits and meetings, I saw and learned much about Chinese agriculture, food production and the challenges and opportunities ahead. I'll share more about that in future articles."
Click here to read Peel's complete article for more on his travels abroad.
_______________________________________________ |
|
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 Beef Council , 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 also appreciate our Market Links Sponsor - OKC West Livestock!
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
|
|
|
