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We 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.
Let's Check the Markets!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
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:
Futures Wrap:
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 Kane Kinion, Web and Email Editorial Assistant
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, August 5, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
The Oklahoma Pork Council hosted a record number of pork producers and industry stakeholders on Friday in Norman at the 2019 Oklahoma Pork Congress. Among the full schedule of events that took place during the conference, several reports were given from national pork industry leaders.
Bill Even, chief executive officer of the National Pork Boardshared his vision for a new strategic plan developed by the National Pork Board of Directors that he says will modernize the board's operations and increase productivity and efficiency. Cody McKinley, assistant vice president of state and national relations for the National Pork Producers Council, offered a policy update focused primarily on the status of US trade relations and pending treaties still under negotiation. In addition, Oklahoma Pork Council Executive Director Roy Lee Lindsey briefed attendees on the African Swine Fever Situation and how his team is collaborating with other states and national authorities to mitigate the risk of this disease entering the US.
Despite the abundance of outside pressures from trade and tariffs to disease and the general uncertainty that exists in today's industry, Lindsey says stakeholders are steadfastly upbeat and optimistic about the pork industry and its future.
"I think most folks are fairly positive. They think the long-term outlook for protein is very good and we know that US pork - Oklahoma pork for that matter - is the most efficient protein source you can find, and we know that pork is still the protein of choice around the world," Lindsey said. "We want that opportunity to sell that product. I think that's what you would pick up from this group is - 'let us do our job and we'll sell pork to everybody.'"
Click or tap here to read more or listen to Lindsey's full conversation with our own, Carson Horn, about the success of Friday's event.
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Sponsor Spotlight
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 2019 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2019- the dates are December 12th, 13th, and 14th.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
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On Friday, the White House announced that President Donald Trump had signed an agreement with the European Union that establishes a duty-free quota of high-quality US beef for export into the 28-member European federation.
Under the agreement, U.S. beef exports will increase by 46 percent within one year. Over the next seven years, the president said during an Oval Office announcement, beef exports will increase by 90 percent. Overall, duty-free beef exports will increase to $420 million from $150 million - a 150 percent increase.
"We love our farmers and ranchers," he said. "With this announcement, we take one more step in giving them the level playing field they've been looking forward to for many years."
Gathered in support of the president during the signing ceremony were members of the US beef industry community, including National Cattlemen's Beef Association President Jennifer Houston.
"Today is a good day for America's cattlemen and cattlewomen," Houston stated. "President Trump and his trade team deserve a lot of credit for standing up for America's cattle industry and securing this important market access to Europe."
USDA Secretary Sonny Perdue also remarked on the deal, praising President Trump for following through on his commitment to increase US market access for beef producers.
"Getting more US beef into the EU market is yet another example of President Trump expanding markets around the globe for our agriculture producers," Perdue stated. "EU consumers desire high quality products, and I have no doubt that when given the opportunity to purchase U.S. products we will see more Europeans choose to buy American.
We talked with Kent Bacus of the NCBA this past week in Denver at the Summer Cattle Industry Business Meeting and he reminded me that any beef deal will not increase overall beef imports. Plus, all imports would be hormone-free, in line with EU non science based food standards. The European Parliament still needs to approve the deal.
We will have Kent as our Monday feature on our Beef Buzz program- and will feature him in tomorrow's email on this subject.
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According to Randy Blach, CEO of the analytics firm CattleFax, the beef industry has a remarkable story to tell about improving beef quality. Currently, there is more beef grading either Choice or Prime than ever before and he says, the market is telling the cattle industry it is willing to pay for that quality.
"It really is - to see that much increase in Choice and Prime production, yet see a $20 Prime/Choice spread and $20 Choice/Select spread is pretty incredible," Blach remarked. "Markets work. We just have to be willing to listen and adapt to what those market signals say - and they've been very clear."
To its credit, Blach insists that the industry has done just that and has been extremely receptive of the market's demands. Furthermore, he says the industry has put those demands into action and has completely changed its production to align with consumer values. Blach attributes the industry's growing success and ability to do more with less to its focus on quality genetics.
Listen to my full conversation with Blach to hear more about the industry's commitment to quality, on last Friday's Beef Buzz - click here.
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According to the latest wheat harvest report from Plains Grains, Texas, Oklahoma and Kansas are all 100% complete with harvest, while Colorado is 94% complete and Nebraska 75% complete with mostly far western Nebraska left to be harvested. Wyoming's harvest is just getting underway at 5% complete while harvest continues to move rapidly in South Dakota, now almost 1/3 complete and across the Pacific Northwest with (Washington 33% complete), Oregon (48% complete) and Idaho (23% complete).
Data from the latest samples have reportedly changed very little from last week. Test weight average remains; (1HRW) 60.3 lb/bu (79.3 kg/hl), grain moisture dropped 0.4% this week to 11.5%, overall average dockage also dropped 0.1% to 0.4%, overall total defects is still averaging 1.4%, overall average protein dropped 0.1% to 11.2%.
"The trend of lower protein was repeated this week in the wake of what continues to be very good crop yields resulting in a protein dilution effect," the report states. "The Thousand Kernel Weight (TKW) continues to average (32.5g) and as stated last week, continues to significantly exceed the Gulf export 5-year average of 29.2g."
Click here to read the full report, published last Friday morning.
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Sponsor Spotlight
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Don Close is a senior RaboResearch Food & Agribusiness analyst, responsible for analyzing all animal protein sectors, although he specializes in beef. According to him, we have a tremendous number of "unknown unknowns" in the beef cattle sector today- and he believes that it starts with the protein gap coming from the African Swine Fever disaster in China.
He believes that we are looking at up to fifty percent of the sow herd being lost in China- versus the early expectations by Rabo that it would be around 10 to 20%. That level of loss may mean six to ten million metric tons of protein shortfall in global production this year. He concludes someone will do without.
Close says he and his team have also spent a lot of time this summer considering what a short corn crop may mean to the US cattle industry this fall and winter. Higher corn prices may mean yearling cattle may be held on pasture longer and then fed fewer days on feed. They have worked on numbers that will be released soon showing where the least pain for cattlemen is from short corn stocks when it comes to the decision of when to move yearling cattle off pasture into the feedlot.
You can listen to our full conversation by clicking over to our Perspectives Podcast on our website.
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Last week, senior administration officials participated in the Second National Drought Forum where they announced Priority Actions Supporting Long-Term Drought Resilience. This document outlines key ways in which federal agencies support state, tribal and local efforts to protect the security of our food supply, the integrity of critical infrastructure, the resilience of our economy, and the health and safety of our people and ecosystems.
The document was developed by the National Drought Resilience Partnership (NDRP), a federal collaborative formed to promote long-term drought resilience nationwide. While authority lies with the states to manage water resources, federal agencies play a key role in supporting states, tribes, communities, agriculture, industry, and the private sector owners and operators of critical national infrastructure to prepare for, mitigate against, respond to, and recover from drought.
U.S. Department of Agriculture Under Secretary for Farm Production and Conservation Bill Northey stated that "These priorities are a large part of our game plan to how we can protect our food and water supply, and to build resilience on our farms and ranches and in our communities and businesses."
The document focuses on fostering a national dialogue about how federal agencies can support stakeholders in building a more drought-resilient nation for sufficient water quality and quantity and a vibrant economy at the local level. Using a specific framework, NDRP plans to systematically address how the federal government can support building long-term drought resilience. Click here to continue reading the full story for more details.
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Bailey Rae Hull is the winner of the first-ever Oklahoma Cattlemen's Association (OCA) Ranch Rodeo National Anthem Singing Contest.
The seventeen-year-old country music singer and performer will sing the National Anthem at the Friday night performance of the OCA Ranch Rodeo on Aug. 23, 2019 at the Lazy E Arena near Guthrie, Okla. Bailey Rae has a true passion for helping to preserve the classic country sound and spends most every weekend performing at opry's, events and acoustic performances.
The two-day event scheduled for Aug. 23 and 24, has raised more than $500,000 in support of the Children's Hospital Foundation since 1997.Performances begin nightly at 7 p.m. and doors open at 5 p.m with shopping inside the trade show. To learn more about the OCA Ranch Rodeo or to purchase tickets, click here.
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And Finally- Based on Current Forecast-Drought Likely to Expand- Here's the Map That Shows Why
Last week's Drought Monitor showed Moderate Drought has returned to Oklahoma after an extended period of being free of any drought ratings. We came in at 5% Moderate Drought and a total of 19% of either Abnormally Dry or Moderate Drought- up from 5% the week before.
When the next Drought Monitor comes out this Thursday morning- it's pretty well certain that we will see those numbers up by a far amount- and here's the map that shows you why- and where:
The western parts of our state could sure use a nice drink of water.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites 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- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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