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Let's Check the Markets!
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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:
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
Friday, February 22, 2019
Just three weeks into the legislative session, Oklahoma Pork Council Executive Director Roy Lee Lindsey is looking forward to what the future holds. He and his team has been working with numerous bills addressing labeling laws, herd health, feral hog population, and more.
The House of Representatives is changing; 46 new faces just this year and they are increasingly urban. Lindsey said this is not concerning him as of yet. Legislation that he believes will benefit the pork industry has been able to advance, and anything they thought was bad has not.
"Not a lot of movement to date on issues that would deal with the Ag Sales Tax Exemption," Roy Lee told our Associate Farm Director Carson Horn. "Managing taxes, managing ad valorem, maintaining our sales tax exemption are critical for our ability to be profitable long term."
Coupled with Governor Stitt's drive and awareness of agriculture as an economic driver for the state, Lindsey was very optimistic about 2019. Click or tap here to hear his whole conversation with Carson on everything from lawmaking progress to the Pork & Cork wine dinner next month.
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.
| Members of the 2020 Dietary Guidelines Advisory Committee Announced
To ensure America's dietary guidance reflects the latest science, U.S. Secretary of Agriculture Sonny Perdue and U.S. Health and Human Services (HHS) Secretary Alex Azar yesterday announced the appointment of 20 nationally recognized scientists to serve on the 2020 Dietary Guidelines Advisory Committee.
The Dietary Guidelines for Americans are updated every five years and serve as the cornerstone of federal nutrition programs and policies, providing food-based recommendations to help prevent diet-related chronic diseases and promote overall health.
A complete list of members appointed to the expert committee along with details of the job they'll be undertaking can be found in the full article by clicking or tapping here.
One ag group that quickly came out with a word on the appointment of the members of the Dietary Guidelines Committee is the National Cattlemen's Beef Association- New President of the group, Jennifer Houston, says "Cattle producers applaud the U.S. Department of Agriculture's commitment to ensuring the 2020 Dietary Guidelines for Americans (DGAs) process is firmly grounded in the best available science and will ultimately result in nutritional policy that can measurably improve the health of Americans.
"Members of the Dietary Guidelines Advisory Committee are leading experts in their fields who are tasked with evaluating the latest scientific evidence and then use that to make recommendations on what constitutes a healthy diet. Beef is a high-quality protein with essential nutrients like iron, zinc and B vitamins, and overwhelming scientific evidence consistently shows balanced diets with beef nourish and sustain good health."
Darrell Holaday, a private marketing/management consultant with Country Futures, Inc., spoke to producers this week at the All Crops Conference in Norman, Okla. hosted by OSU. Focused primarily on the current dynamics of the soybean market, Holaday advised farmers on how to interpret the signals being broadcast by the marketplace and how to use that information to navigate the particularly challenging commercial environment that exists globally as a result of bulging stocks and geo-political strife.
Essentially, Holaday contends the recent trade tensions between the US and China have exposed America's market share to upstart competitors who have taken advantage of the circumstances to advance their own marketing opportunities - a situation that he says the US is simply going to have to deal with once an agreement with China is reached. His advice to soften the blow of a potential fallout in price, however, is for producers to listen to what the market is trying to tell them and stop planting so many acres in soybeans. According to him, prices will never fully recover is growing global supplies aren't choked back. His belief is that the industry will be faced with a rude awakening when the market says 'no more,' which he hopes will be enough to get things back on track.
"I think it's going to go through a difficult process to tell the industry stop planting as many acres. That won't be fun," Holaday concluded bluntly. "On the other end, 18 to 20 months, we'll get out there and it'll be fine as we get the demand back and we'll be okay."
It was another rough week in the wheat market with prices again dropping by nearly 50 cents. According to OSU Grain Market Economist Dr. Kim Anderson, don't expect that to change much in the near future.
This weekend, Anderson again joins host Dave Deken to comment on this situation and to offer his analysis of 2019-20 cropping year projections released this week by the USDA that paint that lackluster picture.
In summary of those projections, corn production is expected to be slightly up, soybean acres down and planted acres of wheat looking to remain roughly the same compared to last year. All of that to say (given the current stocks situation and heavy competition in the export markets) the price outlook for these crops is likely to remain mostly unchanged with - according to Anderson - little hope of any increases. Rather than dwell on that prospect though, Anderson says producers are considering strategies on how to best use their ground during the upcoming growing seasons.
For Anderson's complete analysis, you can watch their visit tomorrow or Sunday on SUNUP- or you can hear Kim's comments right now and see what else is on the lineup for this week's episode, by clicking or tapping here.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
At the USDA Ag Outlook Conference- FY 2019 US Ag Exports Predicted at $141.5 Billion- Unchanged From November
Fiscal year 2019 agricultural exports are projected at $141.5 billion, unchanged from the November forecast as decreases in grain and oilseed exports are offset by higher livestock and dairy exports. Grain and feed exports are forecast down $100 million to $33.7 billion. Oilseeds and products exports are projected at $27.8 billion, down $100 million from November expectations, driven by lower soybean volumes.
Livestock, poultry, and dairy exports are raised $300 million from the November forecast to $30.4 billion, largely as gains in beef, pork, poultry, dairy, and other products offset declines for hides, skins, and furs. Cotton is forecast unchanged from November at $5.9 billion. Horticultural product exports are unchanged at $35.3 billion.
U.S. agricultural imports in fiscal year 2019 are forecast at $128.0 billion, up $1.0 billion from the November forecast. This increase is led by horticultural products, livestock and meats, and grains and feed imports. The U.S. agricultural trade surplus is forecast at $13.5 billion, down $1.0 billion from the November forecast.
Explanations and implications for projections from the USDA report can be read in the official release by clicking or tapping here.
During the recent 2019 Cattle Industry Convention in New Orleans, our own Carson Horn had the chance to visit with Shane Bedwell, who offered us a look under the hood so to speak, when it comes to the inner workings of the association's genetic evaluation methodology - which just over a year ago, underwent a major overhaul in the way in which breeders' genetics are evaluated and factored into the breed's EPD calculations.
Bedwell explained the information collected from these evaluations is used to highlight the advantages Hereford genetics can add to a producer's herd in everything from fertility to docility and efficiency to longevity. Bedwell says the association has been able to take this information and apply it to the organization's commercial programs. When used strategically, he says producers can inject greater marketing power into their operation. It is a trend Bedwell says the AHA will continue on, in constantly seeking ways in which to improve Hereford genetics.
"I think there is great opportunities still in the marketplace as Hereford genetics continue to gain more market share in the industry. The value of the black baldy is so versatile in a lot of different grids," he remarked. "Refining and improving our genetic evaluation will be a focus so we can guarantee our breeders have the best tool and ensure commercial cattlemen are capturing the most value when they take advantage of those Hereford genetics."
Learn more about AHA's new and improved genetic evaluation system by listening to the full conversation between Bedwell and Carson, on yesterday's Beef Buzz - click here.
Checking in on the Beef Checkoff- OK Beef Council Videos Win at Film Festival
This past September, the Oklahoma Beef Council launched a new series of videos featuring Thunder Center Steven Adams and how beef fuels his game. Earlier, the Council had released several videos featuring several Oklahoma ranchers talking sustainability. According to OBC Executive Director Heather Buckmaster, both series of videos were produced to share the story of beef, Oklahoma's farm and ranch families and to educate the consuming public about beef production and nutrition. The videos were disseminated strategically through the OBC's social media channels and in just three months since their debut, the sustainability videos have been viewed 640,000 time, while the Steven Adams videos have topped 770,000 organic views. The OBC Facebook page alone garnered over 1 million impressions for beef in the same time period.
Earlier this year during the 2019 Cattle Industry Convention, the videos competed in the Federation of State Beef Councils' first-ever Film Festival and ended up winning in two of the four categories. For more on this story and others about what your Beef Checkoff is doing, or to take a look at these award-winning featurettes for yourself, click here
to jump over to the latest edition of our series Checking In on the Beef Checkoff.
AND- I thought you might enjoy one of the Sustainabilty videos on this Friday morning:
|This N That- AFR Honors Two of their Top County Organizations, Superior Went Live in OKC on Thursday, OACD Annual Meeting and Stolen Tractor Sought
Love and Beckham County AFR organizations received the coveted AFR 5 Star Award during the annual AFR/OFU convention, Feb. 16, in Norman.
"We talk a lot about our grass roots activity because this is what makes us different from some other groups," said Terry Detrick, outgoing AFR/OFU president. "Our ability to serve local communities while at the same time promoting issues that benefit everyone starts at the local and county level."
Click or tap here to read more about the impact these two county groups had on their local communities over the last year.
Superior Livestock has a studio setup in Ft. Worth where they regularly sell every other Thursday much of the year- but they also go on the road and set up shop around cattle country multiple times each year to generate excitement in those areas about their approach to selling cattle in what they call the "Superior" way.
Yesterday- they were on the road in Oklahoma City- selling just over 47,000 cattle on the day- with two rows of Reps sitting in front of auctioneers Ralph Wade and Charly Cummins as the familar chant of the auction cry selling cattle from a half dozen states in just the first forty minutes.
The first three or four lots were Holstein calves- here's the second lot of the day as being sold by Ralph Wade:
|Superior Livestock Live in Oklahoma City|
Click or tap here for the Superior Livestock website to learn more about their brand.
Conservation leaders and supporters will be gathering in Oklahoma City this coming Sunday through Tuesday at the Embassy Suites near the OU Medical Complex for their annual meeting.
To learn more- click or tap here for details about their meeting- and you can jump over to Carson's conversation with Jimmy Emmons from earlier this week at the All Crops Conference where they talked Soil Health and the annual meeting- that convo is available here- Emmons is wrapping up his service as President of the OACD at this year's meeting.
FINALLY- a quick word on some of the BAD Guys that the Texas and Southwestern Cattle Raisers are chasing - TSCRA Special Ranger John Cummings, District 5 in East Oklahoma reports the theft of a Deere tractor from a property near Chelsea in Rogers County. Sometime after Jan. 8 a thief or thieves cut a gate lock to steal the green and yellow John Deere 5400 tractor with front loader, serial #400E41402; plus a black 73-inch Wicked grapple.
Anyone with information is asked to contact Special Ranger Cummings at 918-342-0888.
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