~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday January 26, 2009A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Johnston Enterprises!
-- Positive Numbers from the Cattle on Feed Report Friday- But Sour Economy Pushing Down Cattle Market
-- Allendale Predicts Brutal 2009 for hog and cattle producers
-- A Busy Week Ahead- Check out the Calendar
-- Pfizer Buying Parent of Ft. Dodge to form World's Largest Animal Health Company
-- Oklahoma Youth Claim All Three Grand Champions at National Western in Junior Livestock Show- Plus a Reserve Grand!
-- Kingfisher FFA Easily Wins National Western Livestock Judging Contest
-- Latest OSU Plant and Soil Science Newsletter Out- Nitrogen Topdressing Lead Story
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. It is wonderful to have as a regular sponsor on our daily email Johnston Enterprises- proud to be serving agriculture across Oklahoma and around the world since 1893. For more on Johnston Enterprises- click here for their website!
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Positive Numbers from the Cattle on Feed Report Friday- But Sour Economy Pushing Down Cattle Market
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~It appears the January First Cattle on Feed Report from USDA can be called friendly. The number of animals in our nation's feedlots were expected to be about six percent less than one year ago on New Year's Day- they actually came in seven percent under the 2008 figure.
Placements in feedlots during December totaled 1.65 million, 3 percent below 2007 and 4 percent below 2006. Net placements were 1.57 million head. During December, placements of cattle and calves weighing less than 600 pounds were 425,000, 600-699 pounds were 490,000, 700-799 pounds were 407,000 and 800 pounds and greater were 325,000. Marketings of fed cattle during December totaled 1.68 million, 2 percent above 2007 and 4 percent above 2006.
Our own Ed Richards talked with Tom Leffler about the numbers on Friday afternoon- and we have Tom's take on the report on our website. Leffler says that he report should translate into higher live cattle and feeder cattle futures prices this morning- but the effect o this report will be short-lived as the weak economy is a major concern for red meat demand now and for what could be a significant part of 2009.
Click on the link below to jump to the audio with Ed and Tom as found on our website, WWW.OklahomaFarmReport.Com.
Allendale Predicts Brutal 2009 for hog and cattle producers
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The world economy will not be kind to the hog and cattle producers in the U.S.- according to Rich Nelson with Allendale as he presented where the Commodity firm believes the livestock markets will go in 2009. The Allendale Conference was held over the weekend in Chicago.
Nelson calls the problem a "voracious demand destruction" for meat demand, as consumers both in the US and abroad cut back on purchases. Allendale is predicting that current cattle prices in the low to mid 80s will likely hold in the near term- and the with tighter supplies signaled by last Friday's Cattle on Feed report- we could see cash cattle back to the mid 90s by the end of the calendar year.
That prospect is not encouraging for the feedlots in the High Plains- as closeouts show that we are losing $200 per head on sales like that of last week at $82 per hundredweight in feedlot country. Rich Nelson says that most economists see a bottom sometime this year- maybe this summer for the economy- and that as we start to see that bottom, we could see some return by consumers to the buying of food items that are currently facing rejection because consumers have decided they simply cannot afford them.
A Busy Week Ahead- Check out the Calendar
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Several events make up this week- and we invite you to check our Calendar page on the website to get full details. For example, there are eight grain sorghum production meetings planned for this week- we have details on those for today through Wednesday.
The annual No Till on the Plains meeting begins tomorrow in Salina, Kansas- and we have details of that on the calendar. And, we will be heading to Phoenix tomorrow for coverage of the annual Cattle Industry Convention and Trade Show that has most of their major highlights from Wednesday into Saturday.
Click on the link below to check these items out- and many more as well that come up this last week of January as well as into next month.
Pfizer Buying Parent of Ft. Dodge to form World's Largest Animal Health Company
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Pfizer announced Monday that it has signed a deal to acquire the smaller drugmaker Wyeth for $68 billion. New York-based Pfizer, already the world's leading drugmaker, becomes even larger following the cash-and-stock deal with Wyeth, based in Madison, N.J. The deal values Wyeth shares at $50.19 each, a nearly 15% premium to Friday's closing price. Pfizer agreed to pay $33 in cash and 0.985 share in Pfizer stock for each Wyeth share.
The merger apparently combines Pfizer Animal Health and Wyeth's Ft. Dodge Animal Health, creating the largest animal health company in the world, with initial sales that would total $3.681 billion.
Pfizer Animal Health has interests in livestock, companion animals and horses and recorded 2007 sales that were $2.639 billion. Ft. Dodge has interests in the same animal health segments and recorded 2007 sales that were $1.042 billion.
Oklahoma Youth Claim All Three Grand Champions at National Western in Junior Livestock Show- Plus a Reserve Grand!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Premium Auction of the 2009 National Western Junior Stock Show featured four young men and ladies from the state of Oklahoma among the six Grand Champion and Reserve Grand Champion animals sold on a live TV broadcast on Denver TV Friday night- and these four young Oklahomans saw their animals bring more than a hundred thousand dollars as the some of the first animals sold at the 2009 event. All three of the Grand Champion market animals were shown and owned by Oklahoma youth.
The Grand Champion Steer was shown by Ky Stierwalt, who is a Senior at Leedey High School, and among other activities, is the President of the Leedey FFA Chapter. His Steer is named Chavez- and bidders pushed the final price on the Grand Champion Steer to $50,000. Although a great payday for Stierwalt, the grand Steer price was well off last year's record of $110,000.
The Grand Champion Market Hog was the top Crossbred of the show- and was owned by Chris Hofschulte from Wyandotte, Oklahoma. Chris plans on attending OSU, starting next fall, and hopes to follow in the steps of his dad as an ag education teacher. Hofshulte received a winning bid of $16,000 for his barrow.
That Grand Champion Market Lamb was shown by Kyra Stierwalt of Leedey,
Oklahoma- her wether lamb named "Maverick" got a final bid of $25,000.
Kyra is fifteen years old. The Reserve Grand Champion Lamb was also shown
by an Oklahoman, Charlcey Vinyard of Altus. Charlcey is a Senior at Altus
High School and her lamb, named Denivor, brought $14,000 as the first
animal sold on the live telecast.
Kingfisher FFA Easily Wins National Western Livestock Judging Contest
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Kingfisher FFA Livestock Judging Team ran away with the National Western Livestock Show FFA Livestock Judging Contest in Denver, placing all four members of the team in the top ten overall of the contest. The team won the Beef and Sheep judging divisions, and placed second in the Goat and Swine judging.
The top individual of the contest was Mckenzie Walta- third overall was Josh Loppoldt, fifth overall was McKenzie Clifton and Sixth overall was Audrey Gruntmeir. The Ag Ed teacher at Kingfisher that worked with the team is Ryan Burns.
Click on the link below to our website for a picture of the team from earlier in the season- and other details of their big win in Denver.
Latest OSU Plant and Soil Science Newsletter Out- Nitrogen Topdressing Lead Story
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The latest Newsletter from the Oklahoma State University Division of Agriculture's Plant and Soil Science Department is out- we have it linked it below as found on our website.
In this latest PASS newsletter, Dr. Brian Arnall discusses the differences between Nitrogen sources typically used for top-dressing. The discussion also includes potential loses of the various Nitrogen sources available to producers.
There are also articles on winter canola and alfalfa- go the link below for more information.
Our thanks to Midwest Farm Shows, Producers Cooperative Oil Mill and Johnston Enterprises for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked at the top of the email- check them 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!
We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Steady to cheaper was the Woodward Livestock Market this past Friday, with a big run of 7,637 cattle on hand. Five weight steers brought $102.75 to $114.75, while seven to eight hundred pound steer yearlings checked in at $92 to $97.60. for the full Woodard Livestock Market report- click here for the details- the January 23rd report should be available at this link after 8 Am or so.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: