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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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Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, October 19, 2018
Ridge Hughbanks Headed to Indy - In Chase to be Oklahoma's Second National FFA Officer in Two Years
Next week we will be bringing you coverage of the National FFA Convention from Indianapolis. Before things get kicked off though, those young men and women that will be representing their respective states as candidates for National FFA Office, will come together in Indy this Saturday to begin the process of elimination to determine who will serve on the next National FFA Officer Team. One of those competing for this coveted honor is Ridge Hughbanks of Alva, who will be representing the Oklahoma FFA Association. We caught up with him this week before he hit the road to talk about his journey through the FFA and what it has meant to him over the years.
Ridge hopes to follow in the footsteps of Piper Merritt of Owasso- who is serving as the National Vice President for the Central Region on the 2017-18 National Officer team.
Hughbanks says there is so much that comes to mind when considering what impact the organization has had on him, but at first thought, three things for certain - purpose, passion and people. All of which he says tie in to the motivation behind his desire to seek national office in the first place.
The selection process for the national officer candidates consists of multiple rounds of elimination which will begin in Indianapolis this Saturday. The results for the first round will be known sometime on the evening of this coming Monday. The full slate of officers selected to serve during 2018-2019 will be announced at the end of the convention next Saturday afternoon, October 27th. Hughbanks says he's comfortable with the potential of how things can go - either way - with the mindset of simply doing his best and just taking things one round at a time.
Listen to our conversation with Hughbanks as we discuss his outlook for the week ahead, by clicking over to the Blue-Green Gazette on our website.
As we bring you coverage from Indy this next week, be sure to keep in mind that we will be updating our FLICKR account with pictures of those student competitors from Oklahoma at convention that you won't find anywhere else. Check it out throughout the week, here.
Special thanks again this year, too, to our friends at ITC Great Plains for stepping up to sponsor our coverage of the National FFA Convention. Learn more about them, by clicking 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.
They would like to thank all of you who participated in their 2018 Oklahoma City Farm Show.
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 Farm 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.
| Drought Almost Gone Across Oklahoma
The drought across Oklahoma is almost gone- we are down to just two percent of Oklahoma in mostly moderate Drought- .37% is in the severe drought category based on the latest Drought Monitor released yesterday morning.
Note that at the start of 2018- over 77% of Oklahoma was in drought- the rains of the last month or so have pushed that problem off the table- and while in Oklahoma- you never want to say STOP to a little more rain- at least some of our farmers and ranchers are getting ready to yell UNCLE- if they have not already done so.
You can read up on the latest Drought numbers and check out the winter predictions just released by Uncle Sam by clicking or tapping here for the latest Mesonet Ticker from our friend Gary McManus.
Of the recent legislation that has been passed, the Bipartisan Budget Act has probably been the most impactful to producers here in Oklahoma with its various changes to seed cotton and livestock disaster and emergency programs. That according to one of Oklahoma State University's newest additions to its Agricultural Economics Department, Amy Hagerman, who spoke during this week's Rural Economic Conference.
What stands to have even more influence though, she says, is the next Farm Bill and its safety net policies, which be critical to farmers as they make their decisions regarding ARC and PLC coverage. However, the discussions among the political leaders crafting this bill are ongoing and it is reported that the differences they share have yet to be resolved.
In the absence of a new Farm Bill, the previous 2014 version has since expired at the end of last month. This has made some in industry nervous about the funding from programs they were relying on that are no longer under authorization. But, Hagerman says not to worry just yet, reassuring those with concerns that there have been measures taken to ensure payments are tendered through the rest of the year and that there is still time for House and Senate Ag Committee leaders to come to a consensus.
"Right now, I think we can all take a deep breath and see what happens," she said. "Secretary Perdue has made announcements that payments will continue even on those programs that are currently not authorized like the CRP into October. And, a lot of these programs are funded through the 2018 crop year. So, we don't anticipate seeing big impacts from an expired Farm Bill until we go beyond December."
Listen to more of what Hagerman had to say during her presentation at the recent Rural Economic Conference, by clicking here.
The U.S. Department of Agriculture, the U.S. Environmental Protection Agency, and the U.S. Food and Drug Administration yesterday announced the signing of a joint agency formal agreement under the Winning on Reducing Food Waste initiative. The agreement is aimed at improving coordination and communication across federal agencies attempting to better educate Americans on the impacts and importance of reducing food loss and waste. Signing the joint agency agreement were U.S. Secretary of Agriculture Sonny Perdue, Acting EPA Administrator Andrew Wheeler, and FDA Commissioner Scott Gottlieb, M.D.
This joint announcement was unveiled at the USDA's headquarters and was followed by a panel discussion on fostering change to reduce food waste in the U.S. which is estimated at between 30-40 percent of the food supply. This figure, based on estimates from USDA's Economic Research Service of 31 percent food loss at the retail and consumer levels, corresponded to approximately 133 billion pounds and $161 billion worth of food in 2010. Wasted food is the single largest category of material placed in municipal landfills and represents nourishment that could have helped feed families in need.
"An unacceptable percentage of our food supply is lost or wasted," said Secretary Perdue. "As the world's population continues to grow and the food systems continue to evolve, now is the time for action to educate consumers and businesses alike on the need for food waste reduction. I am pleased to be joined by my Trump Administration colleagues on this important, common sense issue. The future of food depends on action from us now, which is why we have established this formal partnership among USDA, EPA, and FDA."
So far, 23 organizations and businesses have joined the initiative's list of U.S. Food Loss and Waste 2030 Champions, including the three most recent companies to join - Kroger, Hilton, and MGM Resorts International.
For more information on the Winning on Reducing Food Waste initiative, click here.
The Oklahoma Pork Council is a producer organization representing the interests all of pork producers throughout Oklahoma.
Pork Famers in Oklahoma recognize our obligation to build and maintain the trust of customers and the public in our products and our practices. To promote confidence in what we do and how we do it, we affirm the following ethical principles: food safety, animal Safety, environment, public health, employee care and the communities in which we operate.
to learn more about the Oklahoma Pork Council.
It has been yet another week of sideways trading in the wheat markets. The question on producers' minds is - when will there be an increase in prices? According to Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson, the best chance for to see an uptick in the markets for US HRW, will be when Russia runs out of wheat to export.
In an interview with SUNUP Host Lyndall Stout this week, Anderson explained that with Russia's total crop production for the year coming in smaller than what it was last year and given the pace at which it is exporting - he believes the Russians will deplete their exportable wheat stocks that have flooded the marketplace sometime between January and February during the coming year. Once that happens, he predicts that the world's wheat demand will shift from Russia to the US, thereby increasing domestic wheat prices.
Currently, the price of wheat is settled in at around $5/bu. With increased global demand focused on the US, Anderson calculates a potential price increase of as much as 75 to 80 cents a bushel. His advice to farmers with wheat in the bin and a financial position that can afford the 50-cent risk that exists in the market, to wait things out until the first couple months of 2019 before selling their grain in order to capture some of that demand premium he is predicting.
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.
Ben Conner, Vice President of Policy for US Wheat Associates, penned an op-ed this week considering the "wild ride" that US trade policy has taken wheat farmers on in recent months and whether or not the eventual outcome will have been worth it.
Conner seems to agree with the President's viewpoint that the US has been taken advantage of by some of its trading partners around the world. However, he wonders if the President is being a bit short-sighted in the many benefits of international trade institutions and what long-term costs his actions taken thus far will have. In spite of his concerns, he does admit that Trump's hardline stance has delivered results, citing an updated U.S.-Korea agreement, a completed North American Free Trade Agreement (NAFTA) renegotiation, renewed efforts to address longstanding U.S. complaints at the World Trade Organization (WTO) and agreements to begin negotiations with Japan and the European Union. Regardless of one's views, Conner says it can not be denied that the President's agenda is making real progress, though what if any consequences might come of it remains to be seen at this point.
"USW will continue to question certain approaches that we believe could disrupt the hard-won, mutually beneficial trade between the wheat farmers we represent and their overseas customers," he said. "But we will also strongly support the Administration when its approach can help strengthen the international trading system and make trade freer. If that is the ultimate outcome perhaps the ride will have been worth it."
Click here to read Conner's complete article posted to our website.
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| Dairy Farmers Invest in Technology Startup that Uses Real-Time Analytics to Improve Milk Quality
Companies around the globe are leveraging innovative technologies and artificial intelligence to make more informed decisions and better run their businesses. This week, Dairy Farmers of America, a national cooperative owned by dairy farm families across the U.S., announced an investment in SomaDetect, a dairy technology startup that will help farmers utilize artificial intelligence to more closely monitor the health of their herd and improve milk quality.
Read about how this potentially game-changing technology is allowing dairy farmers to know the health of each cow and quality of milk in real time, giving them access to better data, and helping them make more knowledgeable decisions, by clicking or tapping here.
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