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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
here for the report posted yesterday afternoon around 3:30 PM.
Cash Grain Prices- as reported by the Oklahoma Dept. of
Agriculture. (including Canola
prices in central and western Oklahoma)
Oklahoma Farm Report Team!!!!
Senior Editor and Writer
Calendar and Template Manager
Markets and Production
Editor and Contributor
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, November 30, 2015
USDA 2015 Net Farm Income Plunges Thirty Eight Percent
Compared to 2014 at $55.9 Billion
sector profitability is forecast to decline for the second straight
year. Net cash farm income is forecast at $93 billion, down about 28
percent from 2014 levels. Net farm income is forecast to be $55.9
billion in 2015, down about 38 percent from 2014's estimate of $90.4
billion. If realized, the 2015 forecast for net farm income would be
the lowest since 2002 (in both real and nominal terms) and a drop of
55 percent from the recent high of $123.3 billion in 2013. The
smaller change in net cash farm income relative to the broader net
farm income measure is to be expected, because producers can exercise
greater control on the timing of cash receipts and expenses and
thereby moderate large swings from year to year.
Lower crop and livestock receipts are the main drivers of the decline
in 2015, while cash production expenses are projected down by 2.3
percent. Crop receipts are expected to decrease by $18.2 billion (8.7
percent) in 2015, led by projected declines of $8.6-billion in corn
receipts, $5.7 billion in soybean receipts, and $2.7 billion in wheat
receipts, as prices for all three commodities declined. Livestock
receipts are forecast to decrease by $25.4 billion (12 percent) in
2015. As with crop receipts, the primary driver is lower commodity
prices, in this case for milk, hogs, broilers, and cattle/calves.
Government payments are projected to rise $1.0 billion (10.4 percent)
to $10.8 billion in 2015.
After the Income Report was released, U.S. Secretary of Agriculture Tom Vilsack offered
a statement attempting to minimize the huge drop in farm income
predicted for 2015: Click
here to read more from Vilsack and the find the complete Farm
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Selk Talks With Dr. Rod Hall About the Veterinary Feed Directive on
Oklahoma livestock producers will soon be impacted by
a regulation that will phase out the use of certain medically
important antibiotics. The Food
and Drug Administration (FDA) has established federal
legislation that will impact how cow-calf and other livestock
producers will have access to medicated feeds. State Veterinarian Dr. Rod Hall
said the FDA believes the antibiotic resistance problems that are
occurring in humans can be attributed to the feeding of antibiotics
As a result, the FDA has established a veterinary feed
directive (VFD). For producers to use feeds containing certain
antibiotics, Hall said that will require getting a veterinary feed
directive from a veterinarian. This will be similar to getting a prescription
from a doctor. A VFD can be written for a maximum of six months and
it will not be an open-ended prescription. Starting in January 2017,
Hall said all of these medically important antibiotics will require a
VFD. This will require producers develop a relationship with a
veterinarian before they head to the feed store.
"They need to start developing that relationship
now because getting this veterinary feed directive documented and to
the supplier is going to take a few days," Hall said.
The VFD targets medically important antibiotics. Hall
said ionophores, dewormers, and beta-agonists are not used in humans,
so there will be no changes in how those products can be used. You
can find more information and details about what feed ingredients will
be regulated under the VFD, by clicking
NCGA Commends Farm
Service Agency Revision to County Rules for ARC-CO Program
Agency recently approved a modification allowing
growers on a farm with one or more tracts outside the administrative
county the option to recalculate Agriculture Risk Coverage-CO
benefits based on the farm's physical location. This decision follows
an extensive of review of the potential impacts of the previous
requirement that payments for the Agriculture Risk Coverage program
be based on the administrative county where farm records are
"NCGA worked determinedly to bring this issue to the attention
of FSA Administrator Val Dolcini. We greatly appreciate his
consideration of our concerns and the decision to act on the
information we provided," said National Corn Growers Association
Public Policy Action Team Chair Steve Ebke.
According to the FSA Administrator's office, the payments for farms
enrolled in 2014 and 2015 with payments "would be recalculated
in each physical location and summed for the farm using weights
according to the number of base acres (including attributed acres) in
More on how the adjustments announced by FSA work available
USMEF's Phil Seng Finds
Opportunity Knocks to Sell Beef Globally
it comes to beef promotion, the lure of selling more US beef into the
international market has become a significant enticement to many
state beef councils. As a result- several states(including
Oklahoma) are dedicating more funding to special projects to sell
more beef overseas. U.S.
Meat Export Federation (USMEF) President and CEO Phil Seng said
international markets are a good investment with 95 percent of the
world's consumers living outside the United States.
"The international market place presents tremendous
potential," Seng said. "All of these growing middle classes
want to evolve from the cereals to the proteins."
By 2030, 60 percent of the world's middle class will be located in
Asia. The U.S. is currently negotiating the terms of the Trans
Pacific Partnership (TPP) trade agreement. Seng said those 12
countries represent 70 percent of the world's purchases of meat
products and that demand will grow as their economies improve.
Seng has been our guest for a series of Beef Buzz features- part
three on state beef councils liking their bang for the buck can
be heard here. Part one of our Beef Buzzes with Phil Seng
can be heard by clicking
here...and part two of the Beef Buzz focus with Phil Seng of the
USMEF can be heard by clicking
We are also pleased to have American Farmers & Ranchers Mutual Insurance
Company as a regular sponsor of our daily
update. On both the state and national levels, full-time staff
members serve as a "watchdog" for family agriculture
producers, mutual insurance company members and life company members. Click here to go to
their AFR website to learn more about their efforts to serve
Future of Enlist Duo in
Doubt As EPA Considers Withdrawal of Registration for 2,4-D and
The EPA has responded to pressure from several consumer activist
groups and rolled back the registration of the Ag chemical mix that
has been marketed for much of 2015 as Enlist Duo. The product, marketed
by Dow AgroSciences, was granted a label for six states in October
2014, with EPA adding nine more states this past March- including
Oklahoma. A part of the label that was approved for the combination
of 2,4-D and Glyphosate was a buffer of thirty feet around areas
sprayed with the product.
EPA now claims that they have received new information suggesting
that the thirty foot buffer was not adequate for the combo mix.- that
the synergistic action of the active ingredients was more powerful
that what EPA was expecting.
The Center for Food Safety, the Natural Resource Defense Council and
several other groups took the EPA to court- and succeeded in getting
EPA to agree to withdraw the license at this time and consider the
impact of the products on non target plants.
After the decision was announced on Wednesday, Dow quickly responded
and in a statement provided to the Radio Oklahoma Ag Network, stated
"Dow AgroSciences is confident in the extensive data supporting
Enlist Duo herbicide. We are working with EPA to quickly provide
further assurances that our product's conditions of registered use
will continue to protect the environment, including threatened and
endangered plant species. Recognizing the pressing needs of U.S.
farmers for access to Enlist Duo to counter the rapidly increasing
spread of resistant weeds - and in light of the comprehensive nature
of the regulatory assessments already conducted to support the Enlist
Duo registration - we expect that these new evaluations will result
in a prompt resolution of all outstanding issues."
here to read more from both sides on these question about Enlist
Duo- and we also have a link to the legal brief brought against EPA
from this past week.
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Bohnen has spent years learning and understanding how
to cover the energy business here in the southern plains- Click here to
subscribe to his daily update of top Energy News.
National Grazing Lands Conference
Set to Provide Land Stewardship Information
Contributed by Samuel Roberts Noble
Foundation Producer Relations Manager Hugh
The 6th National
Conference on Grazing Lands is a conference held for
livestock producers by livestock producers, especially producers who
are interested in good land stewardship. The central theme of the
conference presentations will be balancing economic sustainability
with environmental sustainability. A producer cannot be economically
sustainable long-term without being environmentally sustainable.
The conference will be held on Dec. 13-16, 2015, at the Hyatt Regency
DFW in Grapevine, Texas. Ranch tours and a variety of presentations
will be given. Presenters include producers recognized for their
outstanding land stewardship and nationally renowned professionals
Ball, Ph.D.; Rachel
Gilker, Ph.D.; Garry
Lacefield, Ph.D.; and Kathy Voth. The Noble Foundation
will host two sessions, as well. The first will include presentations
from three successful Noble Foundation producers with three different
types of operations. The second session will be an open forum titled
"Ask the Noble Foundation Consultants," where producers
from across the country can bring their questions to be answered
using the integrated multidisciplinary consulting approach of the
Noble Foundation consultants. Expect to find the Noble Foundation
consultants attending through the duration of the conference.
Grazing Lands Coalition (NatGLC) is a collaborative
association of agricultural producers and organizations working
together to maintain and improve the management and health of the
nation's private and public grazing lands. The coalition is driven by
agricultural producers and organizations specializing in
conservation, scientific research, watershed benefits and erosion
or tap here for more information about the conference.
This N That- Rainfall
Drowns Drought, Peach to Serve as State Exec Director for FSA(Again)
and RFS Details DUE Today
Rain, Sleet, ice and some snow pelted and poured across the state of
Oklahoma over the Thanksgiving holiday weekend- and here's a map that
reflects how much liquid precipitation the state has received as of
Sunday night- as the rain event was winding down.
Please note some of the southwestern and west central
rainfall totals do not reflect ice that had not thawed on
The rainfall winners were all in Little Dixie- Hugo
with almost ten inches of rainfall (9.8") while Cloudy and Mt
Herman had more than eight inches of rain from this very wet
Here's that promised map:
here for the realtime Oklahoma Mesonet map of rainfall that is
being updated on a rolling basis.
from Mooreland has a lengthy pedigree of government service to
farmers and ranchers in our state- and he has agreed to jump back
into that arena for the next year as the State Executive Director of
the Oklahoma Farm Service Agency of the USDA.
This post makes him one of two top USDA officials serving in the
state of Oklahoma. And- for Terry- it's his second time to be
the SED for Oklahoma FSA- having served in that role when Bill Clinton
was President in the 1990s.
Terry also served for eight years from 2003- 2011 as the Oklahoma
State Secretary of Agriculture during the Brad Henry
Administration for Oklahoma.
more by clicking here about Terry's background- he could find
this is a one year job if the GOP wins the White House next year- and
it could turn into a much longer posting if the Democrats hang onto
Administration's EPA has promised the Federal Courts
that multiple years of federal volume mandates for the Renewable Fuel Standard
will be delivered by November 30th- TODAY.
According to Reuters, "The EPA is broadly expected to raise the
mandates for quantity of biofuels that fuel companies must blend into
motor fuels some 400 million to 500 million gallons for 2016,
bringing the total renewable fuels required to nearly 18 billion gallons"
based on four sources Reuters was citing.
The National Corn Growers have been lobbying Democratic members of
Congress- hoping they will put pressure on the Administration to
deliver a friendly number when they release the volume numbers.
"We are asking the Obama Administration: don't write off rural
America," said NCGA President Chip Bowling of Maryland.
"The Renewable Fuel Standard is good for our economy, our energy
independence, and the environment. We have asked the Environmental
Protection Agency and the White House to follow the statute and
restore the 2014-16 corn ethanol volume."
here to read more about the last minute campaign the Corn Growers
have orchestrated to get what they want from EPA on the RFS.
thanks to Midwest Farms Shows, P & K Equipment, American Farmers
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