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!
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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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
KC Sheperd, Associate Farm Director and Editor Sam Knipp, Farm 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
Friday, February 7, 2020
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U.S. pork exports posted new volume and value records in 2019, reaching nearly $7 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Exports of U.S. beef were below the previous year's record levels, while lamb export volume was the second largest on record.
Pork exports soared to 282,145 metric tons (mt) in December, up 34% year-over-year and surpassing the previous high (set in November 2019) by 9%. Export value was $760 million, up a remarkable 44% from a year ago and breaking the previous record (also from November 2019) by 7%. These results pushed 2019 exports 10% above the previous year in volume (2.67 million mt) and 9% higher in value ($6.95 billion), breaking previous records for both volume (2.45 million mt in 2017) and value ($6.65 billion in 2014).
Pork export value per head slaughtered was $66.70 in December, nearly one-third higher than a year ago and the highest monthly average since 2014. For 2019, per-head value averaged $53.51, up 4% year-over-year.
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Sponsor Spotlight
The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes.
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Beef demand is strong and with U.S. cattle numbers plateauing, prices are likely to be stronger in the year ahead as consumers at home and abroad support industry profitability. That was the message delivered today during the popular CattleFax outlook session, held as part of the 2020 Cattle Industry Convention in San Antonio, Texas.
Weather is expected to play a supporting role for agriculture during the year ahead, according to Dr. Art Douglas, professor emeritus at Creighton University. He said that following repeated El Niño events during the past five years, the U.S. will shift to a La Niña pattern, which will shift much of the nation outside of the northwest and southeastern portions of the country toward conditions slightly warmer and drier than last year, which will be favorable for planting and growing conditions during the spring and summer.
Other presenters at the Cattlefax Outlook Seminar included Mike Murphy, Kevin Good and Randy Blach- read more about some of the highlights- and in our story on the website- we have included the audio from the Kevin Good presenttion which include a look at current beef demand and the predicted prices for beef and cattle in 2020.
AND WE SAY THANKS to Corteva Agriscience for sponsoring all of our reports from the Cattle Industry Convention- click here to learn about a new Corteva product that can help you manage the weeds on your pasture and rangelands
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While in San Antonio, we have had the opportunity to visit with Ethan Lane from the Washington NCBA office to talk about what's being labeled as U.S. Beef, "Well, it's a complicated issue and obviously when mCOOL was vacated; what was left was a marketing structure that's overseen by FSIS that really isn't food safety related.
It's this product of the USA label authority. FSIS basically says if it passes through an FSIS inspected facility, it qualifies as a product of the United States. Voluntary labels can be applied that say product of the United States, produced in the United States, processed in the United States. There's a variety that falls into that scope. We had some of our affiliates from around the country bring this to our attention in the summer as an issue they're concerned with. We've seen some other groups take a different approach.
They want to see that product of the USA label, be mandatory, born, raised, and harvested. Our problem with that is, that would be a backdoor to mCOOL. That would create the segregation that our trading partners in Mexico and Canada, were successful in the WTO in suing us on, four times we lost on that issue. So we're trying to thread that needle and find some common ground there. What we found in our working group is, we agree we're uncomfortable with the way that label is being applied. Still, we want to make sure that we stay in a voluntary spot, and we want to make sure that, where there is an origin claim being made, that claim is verified.
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The U.S. Department of Agriculture (USDA) today announced the availability of two programs that protect hemp producers' crops from natural disasters. A pilot hemp insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain or Cannabidiol (CBD) oil and the Noninsured Crop Disaster Assistance Program (NAP) coverage protects against losses associated with lower yields, destroyed crops or prevented planting where no permanent federal crop insurance program is available. Producers may apply now, and the deadline to sign up for both programs is March 16, 2020.
"We are pleased to offer these coverages to hemp producers. Hemp offers new economic opportunities for our farmers, and they are anxious for a way to protect their product in the event of a natural disaster," said Farm Production and Conservation Undersecretary Bill Northey.
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Sponsor Spotlight
Oklahoma AgCredit is a cooperative, owned by the members we serve. This ensures our customers' needs come first. Our profit can only be used in two ways - retained to build our financial strength or passed on to members through our Patronage Program. Patronage is like an interest rebate and it basically reduces our members cost of borrowing. We have returned more than $53 million to our members since 1997.
For more information, click here to go to our Oklahoma AgCredit website.
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Oklahoma State University Extension Grqain Market Economist Dr. Kim Anderson talked corn market outlook with Dave Deken for his weekly interview that will be seen this weekend on SUNUP. Dr. Anderson says that more countries are growing corn- and many are competing with the United States on the global corn market.
While global corn useage has increased- there appears to be ample corn around the world- enough so that corn prices have little hope in increasing this coming growing season.
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U.S. Secretary of Agriculture Sonny Perdue today applauded the publication of the USDA Science Blueprint, which will serve as the U.S. Department of Agriculture's (USDA) vision for and continued commitment to scientific research.
"USDA's agricultural research is vital to helping our farmers, ranchers, producers, and foresters increase efficiency and productivity, and our science agencies play an integral role in setting forth new visions for innovation through their work," said Secretary Perdue. "As the Department strives to anticipate and meet the future needs of our customers, the USDA Science Blueprint will serve as a roadmap to guide our scientific collaboration over the next five years across the Department and with our partnering research organizations."
"USDA has a long history of putting its scientific discoveries and knowledge into practice," said Dr. Scott Hutchins, who leads USDA's Research, Education, and Economics (REE) mission area. "By prioritizing our research initiatives around these themes, it will enable us to best conduct critical, long-term, broad-scale science and spur innovation throughout our nation's agricultural enterprise, natural resource base, and food systems. We are committed to putting science to work for the American public. We will always strive for scientific excellence and integrity in support of America's agriculture."
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The U.S. Environmental Protection Agency (EPA) has registered DuraCor herbicide from Corteva Agriscience for the 2020 season.
DuraCor features Rinskor® active, the first new active ingredient for broadleaf weed control in pastures and rangeland in nearly 15 years.
"We are excited to bring this important new active ingredient to the range and pasture market," said Jillian Schmiedt, Range & Pasture Category Lead at Corteva Agriscience. "Corteva Agriscience is focused on helping cattle producers improve productivity and increase profit potential."
Powered by Rinskor, recipient of the American Chemical Society's 2018 Green Chemistry Challenge Award, and teamed with long proven and trusted aminopyralid, DuraCor controls more than 140 broadleaf weed species and offers several features, including:
· Safe to desirable forage grasses
· Extended broadleaf weed control
· Low use rate
· Compatibility with dry and liquid fertilizer
· Low-odor formulation
· Non-restricted use
During the Cattle Industry Convention in San Antonio, I talked with Chad Cummings of Corteva about DuraCor- read more about DuraCor and hear my visit with Chad by clicking or tapping here.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Ag Mediation Program, Inc., 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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