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mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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for the report posted yesterday afternoon around 3:30 PM.
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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, May 13, 2019
| Featured Story: Beef Exports Hold About Even With Year Ago in First Quarter of 2019- Pork Falling
For the first quarter in 2019 U.S. beef exports are down 3%, while U.S. pork exports are down 6%. The tonnage of exports are down for both species. Thehe value of the exported pork so far this year is down 15%, while beef prices are only down 0.8% for the quarter.
South Korea is still making a charge to the top of the U.S. beef export charts. Importing 8% more this quarter than this time last year. The value of the beef exported to South Korea was up 13%. U.S. beef has achieved remarkable success in Korea's traditional retail and restaurant sectors but is also rapidly gaining popularity in outlets such as convenience stores and e-commerce platforms. Recent export growth is not only in the ever-popular short rib category, but also in short plate, briskets, clods and rounds, as end-users recognize the versatility and affordability of high-quality U.S. beef.
Meanwhile, the top market for US Beef, Japan is starting to see the impact of other countries having our products at a significant tariff disadvantage. "U.S. beef cuts are still subject to a 38.5% tariff in Japan while our competitors' rate is nearly one-third lower at 26.6%," explained Dan Halstrom, USMEF president and CEO. "This really underscores the urgency of the U.S.-Japan trade negotiations, which must progress quickly if we are going to continue to have success in the leading value market for U.S. beef and pork."
You can read the whole report by hopping over to our website by clicking or tapping here.
Herb's Herbs Hemp Farm is Oklahoma's oldest and largest family owned wholesale greenhouse and they are ready to help you get into hemp production in 2019. Herb's Herbs can grow your clones to help start your hemp crop.
The window of opportunity is still open to raising a few acres of industrial hemp in Oklahoma under the Pilot Program- Jesse at Herb's Herbs can help you navigate thru the regulatory process- and then provide you with hemp clones which will help you produce industrial hemp.
Their hemp varieties will yield approximately 15% or more CBD content. They can help you with field testing your mature plants as well as help you sell your harvest at the end of the year.
Oklahoma Soil Health Guru Jimmy Emmons Tapped for Multi State Role in USDA
Jimmy Emmons of Dewey County, has a new job- as of today. He has accepted the role of Regional Director for USDA's Farm Production and Conservation (FPAC) for the five state area of Texas, New Mexico, Colorado, Kansas and Oklahoma.
"I'm excited to start Monday," said Emmons, who was the guest speaker this past Friday at the 64th Soil Stewardship/Legislative Breakfast in Wagoner.
FPAC is the Department's focal point for the nation's farmers and ranchers and other stewards of private agricultural lands and non-industrial private forest lands. FPAC agencies implement programs designed to mitigate the significant risks of farming through crop insurance services, conservation programs and technical assistance, and commodity, lending, and disaster programs.
This is a role where the major services that farmers, ranchers and land owners receive from USDA via the Farm Service Agency, Natural Resource Conservation Service and the Risk Management Agency, will be be coordinated, with the hope that all three agencies will be working to provide the best possible outcomes for their constituents.
This is a new position and Jimmy tells us he is really excited about the opportunity to work with stakeholders in the five states. Emmons
will be reporting to Bill Northey
in Washington, DC but will remain in western Oklahoma as his home base. Northey is the Under Secretary for Farm Production and Conservation- and has oversight of the three agencies- and Emmons and four other regional coordinators will be the eyes and ears of the Under Secretary across the country.
| National Pork Producers Council Responds to the Trump Administration's Trade Relief Package
The Trump administration indicated on Friday, the planning of a trade relief package in response to the U.S. trade dispute with China.
National Pork Producers Council, sees no way possible of resolving the trade disputes. However, they welcome the offer of assistance from the Trump administration.
"U.S. pork has suffered from a disproportionate share of retaliation due to trade disputes with Mexico and China," David Herring, a pork producer from Lillington, North Carolina and president of the National Pork Producers Council. "This retaliation turned last year - which analysts had forecast to be profitable - into a very unprofitable time for U.S. pork producers. The financial pain continues; the 20% punitive tariff on pork exported to Mexico alone amounts to a whopping $12 loss per animal."
You can read more about NCCP's response to the new possibility of trade relief by heading over to our website - click here.
Leading Agriculture Commodities Oppose Additional Tariffs on Chinese Goods
On Friday the U.S. Trade Representative made a move to increase the tariff rate on Chinese goods from 10 to 25 percent. This has farmers across the country extremely concerned with the outcome of the newest tariffs.
The National Association of Wheat Growers, the American Soybean Association, and the National Corn Growers Association were expecting a deal by March 1 before farmers went back into the fields but today saw an escalation of the trade war instead. The three commodities represent around 171 million of acres of farmland in the United States.
"U.S. wheat growers are facing tough times right now, and these additional tariffs will continue to put a strain on our export markets and threaten many decades worth of market development," stated NAWG President and Texas wheat farmer Ben Scholz. "Further, members from both sides of the aisle and Chambers have reservations about the Section 232 tariffs in the U.S.-Mexico-Canada Agreement. Today's announcement adds on another political barrier, which may hinder Congressional consideration of the Agreement."
You can read other concerns from the commodity groups over on our website by clicking or tapping here.
As Oklahoma's largest John Deere dealer, P&K Equipment is proud to be your local expert source for equipment, parts, and service. As an Oklahoma-based, family-run company, the P&K network consists of 16 locations in Oklahoma, 2 locations in Arkansas, and 9 locations in Iowa. Our Oklahoma and agricultural roots run deep and our history spans over 30 years.
At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.
It was a great crowd of wheat farmers and others engaged in the wheat industry that gathered this past Friday at the OSU Research Station just west of Lahoma, Oklahoma. And those who in attendance were treated to a variety of presentations- from a 2018 Farm Bill to Price Outlook to the latest agronomic reviews of the 2019 Wheat Crop here in the southern plains.
We will have several interviews we will be sharing with you this week- but wanted to start this morning with a pair of conversations that we had that fall under the category of do it now or don't do it at all.
One of those interviews was with Oklahoma State University Extension Plant Pathologist Dr. Bob Hunger, who has been watching the rapid rise of foliar diseases in Oklahoma on the 2019 hard red winter wheat crop.
Dr. Hunger told me and those gathered at the Lahoma Field Day that if you have susceptible wheat varieties to several of these foliar diseases, especially, leaf rust and septoria, that it might still be possible to apply a fungicide to help preserve wheat yield potential. Hunger says that you would have to be at least 30 days away from harvest in those fields in order to meet the label requirements of the fungicides available- which means for most Oklahoma wheat farmers, spraying may not be an option.
Click or tap here for the full story and for a chance to hear our visit with Dr. Hunger.
Then there is a case to be made for upping your protein at the 11th hour.
Making that case is Dr. Brian Arnall, Oklahoma State University's Precision Nutrient Management Specialist.
Arnall calls the 2019 crop a rags to riches year for wheat production. He old me "a couple of months ago, looking at the wheat crop, there wasn't much there." And now as we hit mid May- "we have really turned, and there is some really amazing wheat out there- as far as the potential compared to what it was- it's looking really good."
That leads us to the possibility of a really late season nitrogen application that could up the final percentage of protein in the wheat you harvest. Late applications in the right environment could increase protein by up to 2%- and this year the weather seems to just about right.
Arnall says on the sidelines of the Lahoma field day that given the current weather, there may be an opportunity in certain wheat fields to add to your protein in the 2019 wheat crop, which may or may not make economic sense.
Click or tap here for our visit with Arnall- we have our audio conversation with him and we have a link to his recent blog on this topic as well.
Top Ag Ministers Call on Governments to Stop Dragging Their Feet on Regulatory Approval of Precision Biotechnolgy
The following statement was released by several North and South American Ag Ministers(including Ag Secretary Sonny Perdue) after their meeting Saturday in Niigata, Japan:
"The Ministers of Agriculture from Argentina, Brazil, Canada and the United States highlighted that food demand is rising while agricultural production faces significant constraints, such as limited access to arable land and fresh water. In this regard, they agreed that agricultural innovation, such as biotechnology, including precision biotechnology, will continue to play a substantial role in addressing such challenges and can improve farmers' productivity in a safe and sustainable manner.
"These Ministers recognized that the number of biotechnology crops being developed and cultivated worldwide is increasing annually. Yet, despite two decades of experience in the safe use of these products, regulatory processes in many jurisdictions create time gaps in their authorization. This leads to an increasing risk of trade disruptions resulting from occurrences of low-level presence (LLP) of biotechnology crops that are approved in growing countries, but not yet approved in importing countries.
Read more from the Ministers and how they hope to influence this conversation going forward- click or tap here for the complete statement.
| Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There
Donnell Brown and his wife operate the seedstock end of the RA Brown Ranch out of Throckmorton, Texas. Brown uses the advancements in technology on his ranch and he believes the information we can utilize in our ranch operations is and will continue to be a real game changer.
"The DNA technology we have is remarkable. We can know more about a young breeding heifer before we ever breed her the first time. We can know as much about her as if she had produced up to 20 calves for most traits," Brown said. "With that, we can more specifically target and produce those ideal animals. That includes traits like calving ease, growth, carcass merit, reproductive traits and efficiency - and efficiency, I believe, is the next great frontier."
According to Brown, with the new technology advancements genomics and efficiency are increasing, even with limited resources. He breaks down his idea of efficiency as essentially, doing more with less natural resources.
Listen to Brown share more on genomic enhancement in the livestock industry, on our latest Beef Buzz - click here
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