|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 or tap here for this morning's Farm news from Ron Hays on RON. Today- we feature comments from the GOP Governor Candidates Forum from the OCA!
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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:
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Ron Hays, Senior Farm Director and Editor
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, July 23, 2018
|Oklahoma Cattlemen Host Forum Featuring GOP Gubernatorial Hopefuls Mick Cornett and Kevin Stitt
At their 66th Annual Convention, the Oklahoma Cattlemen's Association hosted a Forum featuring the two Republican Candidates for Governor that will face off against each other in the Oklahoma Runoff election set for August 28, 2018. Former Oklahoma City Mayor Mick Cornett will face Tulsa businessman Kevin Stitt for the right to face Democrat Drew Edmondson in November- the winner to replace Mary Fallin, who is term limited as Governor of Oklahoma.
In moderating the Q&A between the two candidates- I asked about how each candidate views the importance of agriculture in the state, whether they support things like the Ag Sales Tax Exemption, how they would work to improve the infrastructure of rural Oklahoma and more.
You can hear all of their answers by going to our website- click or tap here- and then clicking on the LISTEN BAR.
A couple of observations from the Forum- and after the Forum- From my view- both candidates presented their message well- and I believe we got some insight into how they hope to approach setting up shop if they are elected governor.
They both are approaching the election as "outsiders" and hope to convince voters that they have the expertise to change the culture at the State Capitol as well as the direction of the state if they are chosen.
I talked to a lot of cattle producers after the Forum- some came away with who they will back in the runoff- but many producers who came into this Forum uncommitted were still pondering who might be the better Governor after the hour and twenty minutes of conversation.
One producer who cannot vote in Oklahoma is the President of the National Cattlemen's Beef Association, Kevin Kester. Kester is a producer from California and he told me at the banquet Saturday night- that he would be delighted if either of these candidates were running for Governor in California- that they would be a definite improvement over many of the politicians found in his home state.
One observation at the end of the evening- both candidates left yard signs in the trade show area for folks to pick up- I saw signs for both candidates as folks were making their way to the banquet- as I left the banquet- no Stitt signs were left- a few Cornett Signs were sitting there waiting to be picked up.
By the way- our morning farm news on our statewide radio network features comments from the Forum- click or tap here to take a listen to a couple of things the candidates had to say
CattleFax's Duane Lenz Kicks Off OCA Convention with Some Challenging, Yet Favorable Forecasts
If you didn't make it out to the Oklahoma Cattlemen's Convention this weekend then you certainly missed out on a great opportunity to learn all about the current beef cattle market and where it is heading. OCA members and guests were greeted Friday of last week at the beginning of the association's 66th annual convention by Duane Lenz, the general manager of CattleFax and keynote speaker for the opening general session. Lenz set the tone for the conference which was themed around the business side of the cattle business, with a comprehensive overview of the industry.
"It's been a pretty good time for the cattle industry," Lenz began, in review of the current market situation. "Feedyards are starting to lose a little bit of money but stocker operations have been profitable and cow/calf folks have done really well this year - prices hung in there better than we though. So, overall it's been a good year for the industry."
According to the latest data compiled by CattleFax on feedlot and packer operations relative to available herd supplies, Lenz says 2018 is on track to be a record year for production. For this reason, he adds it will be very important for the industry to stay on top of innovative marketing strategies in order to sustain the current level of consumer demand, both domestic and foreign, and keep product moving.
With higher carcass weights and increased competition from other proteins on the market, though, this will be more challenging than it seems at face value. If done right, Lenz says the beef industry should be able to coast through the next few years comfortably as the herd expansion levels out.
"There's probably going to be a little more price pressure with bigger numbers," he concluded. "But, we think good producers who do things right will continue to be profitable."
Click here to read more highlights from Lenz's talk with OCA members last Friday, or listen to his full conversation with our Associate Farm Director Carson Horn.
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.
Industrial Hemp Cultivation Taking Off in Oklahoma as State Gears Up for New Research Opportunity
According to Oklahoma's Secretary of Agriculture Jim Reese, there has been tremendous interest in industrial hemp here in Oklahoma since it was officially legalized earlier this year. Since then, Reese says there has been 17 applications submitted petitioning for a license to cultivate.
While Redlands Community College and Langston University have jumped on board already, Oklahoma State University continues to hold out on becoming a licensed partner with the state. Reese says that OSU is already doing a lot of research on many of Oklahoma's major crops. However, he predicts that if industrial hemp catches on in the state and interest continues to grow, OSU may decide then to get involved.
In the meantime though, Reese insists that the interest is there with a variety of production methods being utilized.
"Actually, we've got a pretty diverse spread of the different ways to grow it which is what the whole intent was as a research project," Reese said. "So, I think there's a lot of different planting practices and all the areas of the state are covered. I think we'll come up with a lot of information from it."
After the law was passed to legalize the production of this crop back in May, ODAFF worked swiftly to provide a quick turnaround on the adoption of the necessary regulatory requirements needed to allow farmers time to sow the state's first hemp crop before a narrow planting window closed.
Click here to read more about the status of Oklahoma's industrial hemp crop and listen to our complete conversation with Reese to hear his perspective.
|Trump's Trade Adviser Pete Navarro Accused of Being Out of Touch After Dropping "Rounding Error" Remark
White House Trade Adviser Pete Navarro downplayed the impact tariffs are having on the ag economy, calling the impact of the trade war between the U.S. and China "a rounding error," compared with either country's economic output.
"My point is that it's much less disruptive than these headlines would suggest," Navarro told CNBC. "It's also much more constructive as we see the adjustments made in terms of where investment is going to and where we're going to build."
Politico says there is yet another move in the works. The administration is preparing to impose tariffs on another $200 million worth of Chinese imports. The Commerce Department is studying whether imported automobiles and parts threaten U.S. national security and warrant further restrictions. Iowa Senator Joni Ernst didn't let Navarro's comments go unanswered.
"Mr. Navarro, America's farmers are caught in the crosshairs of this game of 'chess,'" Ernst says, "and offhand comments like the ones Mr. Navarro made disregard the people whose livelihoods depend on global trade."
She points out that more than 456,000 jobs in Iowa alone depend on trade, with the new tariffs threatening $977 million in state exports. "There's no rounding error," Ernst says.
President of the American Farm Bureau Federation Zippy Duvall responded to Navarro's comments as well, accusing the economist of being insensitive to American farmers.
"White House trade advisor Peter Navarro's recent comments that the damage this trade war is doing to certain sectors of the U.S. economy, of which we all know includes agriculture, is little more than a 'rounding error' are out of touch with the pain our farmers and ranchers are experiencing," he stated. "Making farmers and ranchers pawns in this chess game is extremely risky for our nation's agriculture economy and food security."
Click here to read Duvall's complete response to Navarro's remark.
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.
Land Values Across the Southern Plains Range from Stable to Down 10 Percent Compared to 2017
Buyers of agricultural land are wondering if now is a good time to make a purchase, while at the same point in the market, sellers are asking if they should sell. Individual landowners and investors are both scratching their heads as to the current land market and where it might go.
In response to all these questions, the Farmers National Company has compiled a report on current value of farm land and published it in order to provide a little transparency in the marketplace and with the hope it might be used to help stakeholders make more informed decisions when it comes to marketing their land.
For Oklahoma, Kansas, Texas and Nebraska, according to the report, land values range from stable to down 10 percent compared to last year with variances occurring in quality and location.
Area Sales Manager for the region, Paul Schadegg says high quality land is in fact doing very well right now at auction with speculators eager to make a deal.
"Farmers who are in good financial condition are by far the main buyers of high quality land that comes up for sale," he said. "Investors are also in the market to buy when the right property is available."
Currently, Schadegg is seeing a mix of sellers in the market with beneficiaries being the most prevalent. However, a small number of these sales are due to farmers' financial stress. Schadegg believes there will be more of that later in the year.
Click here to read the complete report or check out the highlights of the different regions and states it includes.
|Cairl Collins of Antlers, Okla. Recognized as a Significant Woman in Agriculture by Oklahoma Dept. of Agriculture
This past week, Cairl Collins
of Antlers, Okla. was recognized by the Oklahoma Department of Agriculture as a Significant Woman in the industry.
Collins grew up in Pushmataha County on a farm and ranch where she learned the value of hard work. Given her first bottle calf by her grandfather, Cairl was inducted into the cattle business at a very early age. Now, 67 years later, she has stuck with it, and today runs a commercial cow-calf operation of more than 100 head on 500 acres. She is the secretary treasurer of the Pushmataha, Atoka, and Choctaw Tri-County Cattlemen's Association and was instrumental in the creation of the organization. She worked hard to find sponsorships and was able to incorporate an annual scholarship by the second year of the group's existence. She is a 4-H leader and is heavily involved in FFA, helping with livestock shows and booster clubs. She teaches a Dutch oven cooking class, helps numerous softball and baseball teams, serves as the local cemetery caretaker, and has been involved with both the Pushmataha County and Soper Chambers of Commerce. Collins was a nurse aid, medical assistant aid and a physical therapy aid for more than 20 years, specializing in patients with Alzheimer's, diabetes, disabilities and amputations. She is currently a first responder and a volunteer fireman. You can read more about Cairl and what makes her a Significant Woman in Agriculture, by clicking over to our website to read the complete profile on her life, provided by ODAFF.
|Bobbie Jones Honored as the 2018 Cattleman of the Year by the OCA
On Saturday evening, the Oklahoma Cattlemen's Association honored a bunch of folks- we will have more details in the next day or so- but did want to congratulate and salute their 2018 Cattleman of the Year- Bobbie Jones from southern Oklahoma- Bobbie retired from a great career with Stillwater Milling at their Davis location this past year- and he has spent a lifetime in supporting the cattle industry and the OCA!
|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!
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