|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.
It was a huge run(13,200) for the first sale of 2020 at the Oklahoma National Stockyards
- Compared to the last sale (12/16/19): Feeder steers and heifers 600-700 lbs. steady to 3.00 higher, heavier weights 1.00-3.00 lower. Steer calves steady to 4.00 higher. Heifer calves 2.00-6.00 higher. Demand good with active bidding from a full crowd. Click or tap here for the complete report
from USDA Market News.
At OKC West
in El Reno slaughter cows sold 8.00-11.00 higher, slaughter bulls 2.00-5.00 higher - click here
to review the complete sale report from the USDA.
has 274 head of cattle on their showlist for the upcoming Wednesday, January 8th sale of finished cattle - click here
to jump to the website.
Joplin Regional Stockyards
had just over 13,000 head on Monday- Compared to the last sale of 2019 two weeks ago, steer calves under 550 lbs 3.00 to 5.00 higher, heifer calves under 550 lbs 3.00 to 7.00 higher, steer and heifer calves over 550 lbs and yearlings steady. Click here
to take a look at the complete report as compiled by USDA Market News.
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
KC Sheperd, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Kane Kinion, Web and Email Editorial Assistant
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, January 7, 2020
| Featured Story:
In October 2019, journalist Lesley Stahl conducted an 80-minute interview with Dr. Liz Wagstrom, chief veterinarian of the National Pork Producers Council (NPPC). The "60 Minutes" story that aired on Jan. 5, 2020, included less than two minutes of Dr. Wagstrom's comments and failed to include critical information about modern pork production. The U.S. pork industry has an excellent food safety record and NPPC is proud to represent hog farmers who provide the safest, healthiest and most affordable pork in the world. Here's what consumers should know about U.S. pork:
The United States pork production system is the envy of the world and yields the safest, highest-quality and most affordable pork available. U.S. pork producers adhere to rigorous government regulations and stringent production standards defined by the industry's Pork Quality Assurance (PQA) Plus program. Food safety truly is a team effort - from the farm to processing facilities to consumers who must be informed about food handling and cooking temperatures. Close scrutiny of U.S. government data shows that American consumers can take pride not only in the quality, but indisputably in the safety of U.S. pork.
Click here to read more from the NPPC regarding the things that were missed from the 60 minutes interview.
KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.
And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
As we turn the calendar from 2019 to 2020, an important trade development for U.S Beef Cattle Producers has happened as the partial US-Japanese trade agreement took effect.
Erin Borror, Economist for the U.S. Meat Export Federation, says, "This is a super exciting way to start 2020. We are looking at revisions to our forecast right now and moving them further to the upside. So, there's clearly a lot going on right now and trying to sort out how everything impacts is a bit mind-blowing. But, for starters, now you're taking that tariff into Japan, our number one market, which we can't forget about, from 38.5% to 26.6% effective now, and that is the same as the competition. Just for perspective, Japan's imports of Canadian beef last year increased by about 85%. So, Canada had that lower tariff rate effective last year 2019 through the CPTPP, so granted rated we won't have a tariff advantage versus the competition, we will be on a level playing field. Still, it shows you how important these tariff rates are and that impact on trade. We do expect a double-digit increase in U.S. beef exports to Japan.
"The other factor you have going on here is on the supply side where Australia is in this, you know, horrible consuming drought you've seen the wildfire coverage on national news. It's just devastating, really hope that turns around, but the fact is that not only in the short term but probably in the longer term, we're going to see those tighter supplies out of Australia. And the Japanese buyers know that. They've already pulled off on that of Australia partially because you also have Australian shifting to China. And then the other thing, you know, in the Japanese market, it also gets very interesting because these tariff reductions should allow us to do more business in like higher value, higher-priced cuts. Because when you think about an ad valorem tariff, 38.5% tax, that is a lot of money, So, with that reduction, you should start to see some changes in the product mix. The other interesting factor here is that we could see some major changes. Australia is the dominant supplier of trimmings to Japan and sells a lot of trimming to the U.S. market for hamburger production. But again, if you see these Australian supplies tightening up, does that open new opportunities, even on some of the more value cuts. Again super interesting dynamics that we're looking at easily a double-digit increase in U.S. beef exports to Japan. We're looking in the range of increases at 13 to 16% here in 2020."
You can listen to the entire conversation between Borror and I on Monday's Beef Buzz - here.
USDA's Natural Resources Conservation Service (NRCS) seeks public comments on its interim rule for the Agricultural Conservation Easement Program (ACEP). ACEP is USDA's premier conservation easement program, helping landowners protect working agricultural lands and wetlands. The rule - now available on the Federal Register - takes effect on publication and includes changes to the program prescribed by the 2018 Farm Bill.
"Through easements, agricultural landowners are protecting agricultural lands from development, restoring grazing lands and returning wetlands to their natural conditions," NRCS Chief Matthew Lohr said. "The new changes to ACEP under the 2018 Farm Bill make it stronger and more effective and will result in even better protection of our nation's farmlands, grasslands and wetlands."
NRCS is investing more than $300 million in conservation easements for fiscal 2020. NRCS state offices will announce signup periods for ACEP in the coming weeks.
You can read more about the conservation easements for the upcoming year, by jumping over to our website.
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel talks about the Cattle market factors to watch in 2020.
The new year brings with it several changes in ongoing market dynamics, some new opportunities, and some new risks and continuing challenges for cattle and beef markets. The watch list of beef and cattle market factors includes the typical suspects including trade; domestic demand; supply dynamics; competing meats; and feed and input markets. However, changes in several factors towards the end of 2019 suggest a somewhat different tone for markets in 2020.
The international market situation is somewhat clearer now after trade disruptions and uncertainty strangled many agricultural markets for much of the past two years. The likely completion of the revised NAFTA agreement (USMCA) in the coming weeks removes a significant source of uncertainty for agricultural markets. A new bilateral trade agreement with Japan will restore a more competitive position for beef and should stop the erosion of U.S. market share, which became very apparent in that important beef export market in the second half of 2019. Though details are currently lacking, the anticipated Phase 1 trade agreement with China is expected to significantly improve the trade situation for numerous agricultural markets and may allow beef to begin building a meaningful market position in the rapidly growing beef market in China.
Click here to read more from Peel's analysis on the cattle market in 2020.
National Livestock was founded in 1932 in Oklahoma City. National's Marketing Division offers cattle for sale weekly at the Oklahoma National Stockyards in Oklahoma City. The Finance Division lends money to ranchers across several states for cattle production. The Grazing Division works with producers to place cattle for grazing on wheat or grass pastures.
National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation's premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today's producer. To learn more, click here for the website
or call the Oklahoma City office at 1-800-310-0220.
The Oklahoma Sorghum Growers Association will be holding its annual meeting Friday January 10th at the Hoover Building at the fair grounds in Enid. The meeting will start at 11 am and conclude around 2 p.m. "Our meeting coincides with the Enid farm show. It will be a good opportunity for farmers and folks in the agribusiness to attend the meeting, have some lunch, and get to hear a great line up of speakers" said Jordan Shearer Executive Director of the Oklahoma Sorghum Association.
Keynote speakers for the event include Gary O'Neil OK State Conservationist for the Natural Resource Conservation Service, Joe Neal Hampton Executive Director of the Oklahoma Wheat Growers, Dr. Josh Lofton OSU extension specialists and Zach Simon regional marketing director for the Sorghum Checkoff. The slate of speakers will cover a range of topics ranging from the new conservation programs that were authorized by the passage of the Farm bill, to outlook for the State of Oklahoma this coming year, as well as updates on yield variety trials, agronomic and marketing recommendations.
"2019 has been a roller coaster for a lot of growers, and NOT the fun kind. "We are hopeful that markets and weather will be more forgiving in 2020. Growers will get a lot of good information regarding conservation programs and some good agronomic advice" said Shearer. CEU credit will be available. Shearer adds this invitation- "Please join us for lunch!"
You can read more about the upcoming Oklahoma Sorghum Growers Association meeting this Friday, by clicking or tapping here.
The following Opinion Piece is from a Blog Posting by Ryan Goodman- responding to the last minute announcement by the organizers of the Golden Globes Awards show to not serve meat at the banquet that was a part of the event. Goodman says the Hollywood crowd missed the mark by dumping meat from their meals in an effort to champion Climate Change.
"Tis the season for awards shows and Hollywood red carpet glam. Fans will gather around their screens to watch celebrities in the latest fashion glam up for the broadcast and make acceptance speeches that will be talked about in media outlets across the board. The Golden Globes kicks off the season of award shows, and for the first time ever, the menu at the award show will be vegan.
"The menu change, just decided two weeks ago, replaces chilean sea bass. In years prior, the menu has included filet mignon steaks. It's important to note the vegan change includes off-screen buffet tables since most celebrities do not show up for the meal served and instead chow down off-set when arriving late.
Click here to read more from Goodman regarding the Golden Globes vegan efforts.
Yesterday, the Nutrition Coalition, a group that aims to bring rigorous science to nutrition policy, responded to U.S. News & World Report's 2020 story on best diets by releasing the following statement from Executive Director Nina Teicholz:
"Once again, U.S. News & World Report's annual "Best Diets" cover story favor approaches based on weak science while rejecting others backed by far more rigorous evidence. U.S. News' top-ranked diets, DASH and Mediterranean, are supported by little evidence proving their benefit to the American public."
In fact, the DASH diet, ranked second, has only been tested on about 2,000 subjects, nearly all of whom were hypertensive middle-aged adults (a population that cannot be generalized to all Americans), and in experiments lasting no longer than six months.
Meanwhile, the data on the Mediterranean diet listed first by U.S. News, is backed by only "uncertain" evidence that it can prevent heart disease, according to a large and comprehensive review on the diet just last year, conducted by the authoritative Cochrane Group, which specializes in systematic reviews. Another 2019 comprehensive review of the diet found that it had "no effect" on cardiovascular or all-cause mortality.
You can read more from the Nutrition Coalition regarding the best diets, by jumping over to our website.
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