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weekdays- if you missed this morning's Farm News - or
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Let's Check the Markets!
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 here for the report
posted yesterday afternoon around 3:30
PM.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices-
as reported by the Oklahoma Dept. of Agriculture.
(including Canola prices in central and
western Oklahoma)
Futures
Wrap:
Feeder
Cattle Recap:
Slaughter
Cattle Recap:
TCFA
Feedlot Recap:
Our Oklahoma Farm Report
Team!!!!
Ron Hays, Senior Editor and
Writer
Pam Arterburn, Calendar and
Template Manager
Dave Lanning, Markets and
Production
Leslie Smith, Editor and
Contributor
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Oklahoma's
Latest Farm and Ranch News
Presented
by
Your
Update from Ron Hays of RON
Tuesday, December 22,
2015 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
| |
Featured
Story:
WTO Meeting
Concludes- An Agreement on Reducing Tariffs Keeps
Trade Body Relevant
The
World Trade Organization closed its 10th
Ministerial Conference with an agreement that will
set a new direction for agricultural trade
negotiations. The five-day conference that
concluded over the weekend featured a deal between
the WTO participating countries that will reduce
tariffs on ag products and achieve disciplines on
the use of export credits. House Ag
Committee Chair Mike Conaway of
Texas offered appreciation to the efforts of US
Trade Rep Michael Froman in working to end export
subsidies. Chairman Conaway says "the
agreement reached in Nairobi was never expected to
reduce the high foreign tariffs that obstruct much
of our agricultural trade nor eliminate escalating
foreign domestic farm subsidies. Efforts in regard
to these two pillars of free trade have for many
years now proved to be intractable as our trading
partners have consistently refused U.S. offers to
achieve meaningful reductions in these areas.
"I agree with Ambassador Froman's
appraisal that progress toward freer trade and a
level playing field for American farmers and
ranchers must be pursued in contexts outside of
the 'failed construct' of the Doha Round,
including focused agreements such as the one
reached in Nairobi." Conaway adds that
there worries coming out of the Nairobi sessions-
most notably some of the trading practices of
countries like India and China- but believes that
the US negotiators held their own. Click here to review
the complete statement from Chairman Conaway on
the WTO ministerial.
Click here for U.S.
Representative Michael Froman's
reaction to the 10th Ministerial Conference.
Click here for
reaction from Bob Stallman,
President, American Farm Bureau Federation.
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|
Did
the Grinch Bring Back Christmas? Peel Analyzes End
of the Year Cattle Markets
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. Perhaps the
Grinch's small heart grew a bit as cattle markets
get some good news to end the year. Last Friday's
strong limit up futures trading for Live and
Feeder cattle is encouraging that perhaps a bottom
is in place. However, it remains to be seen what
the follow-up trading will be this week. The
holiday period is a difficult time to establish a
new market trend and is it quite impossible to
predict or even interpret market actions during
holiday disrupted trading. Nevertheless, an array
of good news the past few days revives Christmas
hope for cattle markets. The latest
Cattle on Feed report was the most bullish in
several months and is a reminder that cattle
markets, especially with respect to numbers, is
nowhere near as bad as recent market prices would
suggest. The December 1 feedlot inventory was
fractionally lower compared to one year ago.
November feedlot placements were down more than
expected at 89 percent of year ago levels. This is
the fifth consecutive month of year over year
placement declines. Only twice this year have
monthly feedlot placements exceeded year earlier
levels and, in fact, placements have decreased 18
of the past 21 months going back to March of 2014.
November feedlot marketings were 104 percent of
year ago levels. The feedlot marketing rate in
November, like October, was much improved over
recent months, helping to restore feedlot
currentness. Click or tap here to
read more about Peel's analysis of slaughter data,
repeal of Country-of-Origin Labeling and the
outlook for cash and futures trading.
|
Dairy
Industry Gaining Trust for Milk and Butter
Products, Insight from National Dairy Council
Chairman
Agriculture
has to work to adapt to the changing needs of
today's consumers. Dairy farmer Jerry
Messer of North Dakota serves on the
Midwest Dairy Association and
National Dairy Council. As
chairman of the National Dairy Council, he
oversees the checkoff efforts nationally for the
dairy industry. He said the
council aims to understand what consumers want. In
reaching millennials and consumers in general,
Messer said dairy farmers have to get out there
and tell their story through social
media.
"So that consumers understand
what we're doing on the farms and why we doing it
on the farms and communicating that back to them
and what it means to them, as far as having a
secure wholesome and healthy product," Messer
said.
The National Dairy Council wants
consumers to get back to drinking more milk. Over
the last ten years, the National Dairy Council has
conducted research to document the benefits of
consuming milk fat. Messer said nationally their
studies are starting to be recognized in showing
milk fat is a healthy part of the diet. Recently,
McDonald's announced they will be serving 100
percent pure butter in every restaurant. That
creates a huge boost in demand.
"That
means a lot of us as dairy farms," Messer said.
"We're talking about 600 million pounds of milk
equivalent per year, which is almost the same as
what we exported last year for butter."
I
also talked with Messer about the nation's dietary
guidelines and how the dairy checkoff aims to
maximize funding. Click or tap here to
listen to the full interview.
|
Oklahoma
Rains Bring Need for Nutrient Management in Wheat
and Canola
Oklahoma's
wheat crop has gone into the winter in better
shape than previous years. With adequate moisture,
the crop has a better stand and early season
growth. In having record moisture in November,
Oklahoma State University
Precision Nutrient Management specialist
Dr. Brian Arnall said having more
soil moisture changes nutrient management for the
winter wheat crop. "A lot of our crop
is using through that nitrogen that was applied
early," Arnall said. If farmers
applied only a starter fertilizer, Arnall said
they need to consider making that nitrogen
application as soon as the crop begins to dry out.
If farmers applied nitrogen prior to planting, he
said the crop is probably doing alright, but it
will depend on the soil type. In fields with
coarse or sandy soils with a lot of bio-mass
production, he said those soils that have good
drainage will allow for moisture to move nitrates
down. Farmers will need to monitor and scout
fields regularly. Arnall recommends farmers watch
the lower leaves because nitrogen deficiency will
show up in the oldest leaves first with
yellowing. Phosphorous levels should be
alright, if farmers applied adequate levels. With
colder temperatures, Arnall has noticed some
fields did not receive adequate phosphorus. He
believes there still will be opportunities to
apply phosphorus this winter, but time is
limited. I also talked with Arnall about
nutrient management in canola. Click or tap here to
listen to the interview.
|
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Spotlight
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We appreciate Stillwater
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Ag Network and we encourage you to click here to learn more
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services.
|
Big
Loss in Choice Cutout Stimulates Out-Front Boxed
Beef Sales
On a regular basis,
Ed Czerwein of the U.S.
Department of Agriculture Market News
Office in Amarillo, Texas offers a review of the
previous week's boxed beef trade. Here is the
weekly boxed beef trade for week ending December
19. The daily spot Choice boxed beef cutout ended
the week last Friday at $194.14 which was $8.36
lower compared to previous Friday. However the
Select Cutout was only 8 cents lower because the
big loss in the choice cutout was the Choice Rib
that takes a normal seasonal decline in
mid-December.
There were 697 loads sold
for the week in the daily box beef cutout compared
to 836 loads previous week. It
was about 11 percent of the total volume.
The comprehensive or weekly average
Choice cutout which includes all types of sales
including the daily spot cutout was $197.68 which
was $4.46 lower.
There were 6,290 total
loads sold which was 90 loads lower than the
previous week. The formula sales were at 3,255
loads which was 334 loads lower than last week and
was 52 percent of the total loads sold this
week. Click or tap here
to read more or to listen to
Czerwein's boxed beef
report.
|
Want to
Have the Latest Energy News Delivered to Your
Inbox Daily?
Award
winning broadcast journalist Jerry
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.
|
Top
10 Food Safety Tips for This Holiday
Season
The
Christmas season is here, and many will be
gathering around the dinner table devouring their
favorite holiday meals. Oklahoma State
University's Robert M. Kerr Food &
Agricultural Products Center wants to make sure
you keep food safety tips in mind when preparing
those holiday meals. "The Centers for
Disease Control and Prevention estimates that each
year about 1 in 6 Americans get sick from
foodborne diseases," said Peter
Muriana, FAPC food microbiologist. "While
the U.S. food supply is one of the safest in the
world, food safety during the holidays is a must
in order to prevent bacteria from growing and
causing illness." Muriana suggests the
following food safety tips to ensure your holiday
meal is not only delicious, but also safe.
Click here for the Top
10 food safety tips.
|
Here's
the Poop on Registering Your Drone with Uncle Sam
The
FAA has gone live with their webpages on
registering your drone for free for the next 30
days.
According
the agency, "Registration is free for the first 30
days with a rebate, then $5 after that.
"During the registration process, each owner
must provide his or her name, home address and
e-mail address. When registration is complete, the
web application will generate a Certificate of
Aircraft Registration/Proof of Ownership including
a unique identification number for the UAS owner,
which must be marked on the aircraft.
"Owners using the model aircraft for
hobby or recreation will only have to register
once and may use the same identification number
for all of their model UAS. The registration is
valid for three years." More details are on
FAA website- click here to jump
over
there. |
|
Our thanks
to Midwest Farms Shows, P & K Equipment,
American Farmers &
Ranchers,
KIS Futures,
Stillwater Milling Company, Farm Assure, CROPLAN by Winfield,
Pioneer Cellular , National Livestock Credit
Corporation and the Oklahoma Cattlemen's Association
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
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God Bless!
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