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 Ron Hays on RON.
Check the Markets!
Our Market Links are
Presented by Oklahoma Farm Bureau
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
We have a
new market feature on a daily basis- each afternoon we
are posting a recap of that day's markets as analyzed by
Justin Lewis of KIS Futures- click
here for the report posted yesterday afternoon
around 3:30 PM.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
price for canola was $7.96 per bushel- based
on delivery to the Northern AG elevator in Yukon Friday.
The full listing of cash canola bids at country points
in Oklahoma can now be found in the daily Oklahoma Cash
Grain report- linked above.
Daily Market Wrapup from the Radio
Oklahoma Network with Jim Apel and Tom Leffler-
analyzing the Futures Markets from the previous Day.
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Tuesday, February 18,
Markets Stabilizing at More Realistic Levels, Peel
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow-Calf
After the wild January
ride, cattle and beef markets are settling into
somewhat more stable and realistic levels moving
forward. A barrage of winter storms has affected
consumption and distribution of beef as well as
feedlot production. For the year to date, beef
production is down 8.6 percent with cattle
slaughter down 9 percent. As a result, margins
continue to adjust with relative winners and
losers among the various beef industry sectors.
Wholesale boxed beef cutout had the wildest ride
with Choice cutout spiking up to $240/cwt., up 20
percent from the beginning of the year, and
retreating to current levels under $208/cwt.
Packers benefitted only partially from the
short-lived price increase because the values
represented a limited spot market for wholesale
beef and many packers had a significant portion of
their beef production forward priced at lower
values. The concurrent increase in fed cattle
prices has squeezed packer margins because the
higher fed prices are being paid on all cattle but
only a portion of the boxed beef was sold at the
high spot prices. Subsequently packer margins have
been further squeezed as boxed beef prices have
fallen more than fed cattle prices.
relative winner in all this is the fed cattle
market, where prices have retained more than half
of the January gains. Fed prices were about
$135/cwt. the first week of January and have
dropped to current levels of $142/cwt. after
peaking at $150/cwt. about three weeks ago.
Feedlots are very current at this time as the
combination of high prices and winter weather have
conspired to pull cattle forward and limit
slaughter-ready supplies. Feedlot breakevens are
at current market price levels or higher in many
cases so the current situation may be one of
limiting losses more than profitability but it is
still well above earlier expectations for the
market at this time. A series of winter storms
continues to pummel the northern half of the
country and winter weather impacts on fed cattle
performance will continue for some time.
Click here for more of Derrell
Peel's latest analysis of the cattle and beef
It is great to
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and ranch community.
In Farm Income Not Surprising, DTN Analyst
latest USDA Economic Research Service report
detailing a 26-percent year-over-year drop in farm
income shouldn't come as a big surprise. That's
according to DTN Senior Analyst Darin
Newsom. He spoke with me recently and
says the causes are relatively obvious, but not
"If we look at what the
value of the crops themselves has done, it's
plummeted this last year from, say, where we were
in 2012 and 2011. So, no real surprise that farm
income is down. But, we have to keep in mind what
we were comparing it to. We were comparing it to
some very historic times here in the past,
particularly on the grain farms."
the price levels of a couple years ago were simply
not sustainable and we shouldn't expect to see
them again anytime soon.
"It's going to
take some extraordinary market situations again to
get corn back up near the $8 price level and
soybeans as high as they ran. It's going to take
something out of the usual to see that again.
Right now, I think we're more on the downward
side. We're going to stabilize in these prices.
So, income is not terrible, but it certainly is
not what it was in those years."
Click here to read more or to
listen to my conversation with Darin
Pork Producers will Gather in Midwest City
Oklahoma Pork Congress is scheduled for Friday,
Feb. 28, at the Reed Center in Midwest City. More
than 150 pork producers, allied industry members
and guests will meet for updates, programs, lunch,
awards banquet, and business meeting as well as
silent and live auctions.
The day will
begin at 10 a.m. with an update from the National
Pork Producers Council, and the National Pork
Board. After the national updates about the
industry, J.D Strong, executive director of the
Oklahoma Water Resources Board, will present a
discussion about the water issues throughout
During lunch, Class II of the
okPORK Youth Leadership Camp plans to give a
presentation about their travels through the state
learning about the Oklahoma pork industry. The
camp participants plan to spend the day helping
with arrangements and talking with members about
Following lunch, okPORK
Executive Director Roy Lee Lindsey will provide an
update for all members. Directly following the
okPORK update McSpadden & Associates will lead
attendees through a discussion on the current
legislative session and the effect it could have
on Oklahoma's pork industry. The okPORK membership
also will hold its annual business meeting and
elect members to the okPORK Board of
Click here for more of this
Offers Platform for Tremendous Growth, McDonald's
What does it mean? Does it mean the same thing to
beef consumers as it does to producers? What
changes does it portend for the cattle
vice president of sustainability with McDonald's,
tackled those questions at the recent Cattle
Industry Convention. After his presentation, he
sat down with me to further explain that word
which seems to be causing more than a little
consternation and confusion among beef
"Part of my message to the beef
community is to look at sustainability not as a
problem, not as a burden, but as an opportunity to
grow their business. At McDonald's we see this as
a great opportunity. Beef is one of our growth
platforms. Customers are wanting changes in how we
address sustainability and they're willing to
reward companies that do that. So, this is
customer driven. This is where it emanates from.
And we're looking at this causing a stir of
positive support and getting the cattle industry
to not look at it as something that's an albatross
to carry, but as a way to advance their business
spoke with me at great length about this
hot-button issue and joins me on the latest Beef
Buzz. Click here to read more of this
story or to listen to our
Transition Workshops to be Held in
series of one-day workshops will take place
throughout Oklahoma this spring for family farmers
and ranchers interested in learning about the
components of a successful farm transition.
Managing Farm Transitions: Connecting
Landowners, Farmers, and Families will involve
four single-day workshops in Oklahoma scheduled
for March 24 in Chickasha, March 31 in Claremore,
April 7 in Woodward and April 14 in Ardmore.
Sessions will cover business and personal
goal-setting, financial analysis, human resources,
family communications, estate planning, estate
taxes and retirement planning.
tells us that fewer than one-third of family
businesses survive the transfer from one
generation to the next," said Shannon
Ferrell, associate professor of
agricultural economics at Oklahoma State
University. "These workshops will help farmers and
ranchers keep their families farming
details are available on our website. Please
click here to go there.
Sought for 2015 National Pork Producers Delegate
notice by Oklahoma Pork Council And the National
The election of pork
producer delegate candidates for the 2015 National
Pork Producers (Pork Act) Delegate Body will take
place at 3 p.m. on Friday, February 28, 2014 in
conjunction with the Oklahoma Pork Congress and
Annual Meeting which will be held at the Reed
Conference Center, 5750 Will Rogers Road, Midwest
City, Okla. All Oklahoma pork producers are
invited to attend.
Any producer age 18 or
older who is a resident of Oklahoma and has paid
all assessments due may be considered as a
delegate candidate and/or participate in the
election. All eligible producers are encouraged to
bring with them a sales receipt proving that hogs
were sold in their name and the checkoff
If you are interested in being a
candidate, please prepare a short (1/2 page)
biography telling about yourself and send it to
the Oklahoma Pork Council, ATTN: Election
Committee, 901 N. Lincoln Blvd., Suite 380,
Oklahoma City, OK 73104-3206 to arrive by February
21, 2014. Nominations will also be accepted from
For more information, contact
the Oklahoma Pork Council. Telephone: 888-SAY-PORK
(729-7675) or 405-232-3781.
N That- O,K&T Angus Sale is Wednesday, OALP in
South Africa and Bob Funk Fundraiser for James
O, K & T Angus Breeders
Association is pleased to be holding
their 73rd Annual Sale tomorrow, Wednesday
February 19th at 1:00 PM at the Fairgrounds
Pavilion in Buffalo, Oklahoma.
total of 79 lots are scheduled to be sold.
For details, you can click here for our auction
listing which includes the PDF of the catalog of
information on the phone- contact the Secretary
Treasurer of the Association, Dennie Jenkins at
16 of the Oklahoma Ag Leadership
Program is now on the ground in South
Africa and actually is into day two of their time
actually in country.
one of touring included the Fair Deal Agricultural
Trade Center not far outside of
details in the next day or so as described by
members of Class 16.
Funk will be hosting a fundraiser for the
US Senate campaign of Congressman James
Lankford this evening at 5:00 PM at his
home in Yukon. I have been told that quite a
few ag folks are planning on attending- and you
can get details about attending by emailing the
Lankford campaign by clicking here.
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