|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 Carson Horn on RON.
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 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
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, May 26, 2017
United States Becomes World's Top Beef Supplier as International Buying Interest Continues to Rise
The United States has worked over the years to rebuild its share of the global beef market ever since exports dried up after the "cow that stole Christmas" incident, where a case of BSE was discovered in Washington state in 2003. By 2013, the US had recovered its losses and has since grown even more. I spoke with Phil Seng
of the US Meat Export Federation recently, and according to him, this year is shaping up to be a very productive year for the beef industry.
"So far through the beginning of this year, the United States has become the number one beef supplier to the world," he said. "We've eclipsed our competitors in this regard. With increased production, I think that the export portion of the whole beef complex is pulling its weight and that's quite a milestone."
Seng attributes much of this growth in export demand to a few international customers where buying interest has shown signs of strength lately, including Japan, up as much as 41% and Korea, up by 23%, as well as our NAFTA partners Canada and Mexico, up by 14% and 17%.
"As we go around the globe, obviously, to see that kind of growth of up to 15% increase in beef exports and 19% in value," Seng said, "I think that's quite significant."
Listen to Seng report on the recent momentum developing in the international markets for US beef with me, on yesterday's Beef Buzz - click here
Oklahoma AgCredit supports rural Oklahomans with reliable, consistent credit. Part of the 100 year old Farm Credit System, Oklahoma AgCredit offers variable and fixed interest rates to help you manage your budget.
Talk to a local team who understands agriculture. Talk to Oklahoma AgCredit. Financing rural Oklahoma. Equal housing lender.
Conversations like the one mentioned in the previous story with USMEF's President and CEO Phil Seng are coming to end soon. The U.S. Meat Export Federation opened its Spring Conference this past Wednesday in Arlington, Virginia, to discuss in depth the current international trade environment. The federation's big news though, was the introduction of longtime USMEF leader, Phil Seng's successor, Dan Halstrom, USMEF senior vice president for marketing, who will become president on September 1st and assume the title of president and CEO on December 1st. Seng will remain with the organization as CEO emeritus through July 2018.
In closing the session, USMEF past chairman Roel Andriessen, who chaired the search committee charged with finding and recommending candidates for the position of USMEF president, explained the extensive process that led the committee to identify Halstrom as its leading candidate. Andriessen also paid tribute to Seng for his decades of service to the organization, which Seng joined as Asia director in 1982 - just six years after USMEF was founded.
"Phil, you are a legend in our industry - there's no doubt about that, and your shoes will be extremely difficult to fill," Andriessen said. "You will leave behind a great legacy and I want to applaud you for all you have done for us."
Halstrom echoed these sentiments, noting that he's learned a wealth of information from Seng - not only during his time with USMEF, but throughout his 34-year career in international meat trade.
"I certainly don't expect to replace Phil Seng, but I hope to complement him with the help of a very talented USMEF team, and that is a tremendous advantage going forward," he said.
Halstrom joined USMEF as senior vice president for marketing in 2010, overseeing promotional activities for U.S. red meat managed through the organization's 18 international offices. He was previously vice president for international sales with JBS S.A., and from 1990 through 1999, Halstrom directed international pork sales for Swift/ConAgra Foods, Inc.
Read more about USMEF's soon-to-be transition in leadership and learn about what discussion took place regarding the current international trade environment, by clicking here
|Plains Grains Calls Oklahoma Wheat Harvest 3% Done- Expects Active Harvest This Memorial Day Weekend
The 2017 HRW wheat harvest was slowed or completely stopped during the first part of the week with cooler temperatures and rain showers extending from central Texas and across southwest Oklahoma. However, harvest in most of these areas is still a week or more ahead of normal harvest dates and resumed late week. While the overall harvested percentage in Texas is now at 20%, cutting in the area that includes central Texas and extending northward to approximately 50 miles south of the Oklahoma border is now more than 75% complete. Yields in this area are still being reported in a range from 20 bu/ac - 40 bu/ac (1.3 tons/ha - 2.7 tons/ha) with test weights ranging from 59 lb/bu to 65 lb/bu (77.6 kg/hl - 85.4 kg/hl).
Plains Grains now reports that Texas is 20% complete
with harvest and Oklahoma has started with 3% harvested
. No other states report any measurable harvest to date.
Read more from this week's report from Plains Grains by clicking or tapping here
CLA states that this bill will reduce redundancy in federal laws, ensure that farmers can adequately address crop threats, empower public health officials to use the best tools available, and enable the pesticide industry to operate in a highly regulated yet predictable environment.
"The House has passed similar bills on this issue since 2011, showing unwavering bipartisan support for the responsible use of pesticides under the Federal Insecticide, Fungicide, and Rodenticide Act," said Jay Vroom, CEO and president of CLA.
Essentially, this measure will eliminate the redundant permit requirements for pesticides applicators and will clarify Congressional intent regarding the regulation of the use of pesticides in or near navigable waters.
Click here to learn more about HR 953, and read Vroom's full statement on the matter.
Through the voluntary contributions of Oklahoma's oil and natural gas industry, the OERB has spent over $100 million restoring more than 15,000 orphaned and abandoned well sites across the state at absolutely no cost to landowners. The OERB has restored sites in 70 of 77 Oklahoma counties, cleaning an average of two to three sites each day.
|Kim Anderson Says Projected Lower Ending Stocks Could Mean Better Wheat Prices for Oklahomans
This week on SUNUP! - Oklahoma State University Grain Market Economist Dr. Kim Anderson visits with host Lyndall Stout to offer a little perspective on how the US compares in production and grain stocks this year to competitors around the world.
According to Kim, world production is projected to be approximately 2% less than last year at 27.1 billion bushels globally.
The US itself is expected to have produced roughly 21% less wheat this year compared to last year's 2.3 billion bushels, at 1.8 billion in 2017.
Compared to our competitors around the world, Argentina's production is up 6% at 463 million bushels; Australia, down 29% at 919 million bushels; Canada, down just 1% at 874 million bushels; the European Union is up 4% at 5.5 billion bushels; Kazakhstan, down 13% at 478 million bushels; Russia is down 8% at 2.5 billion bushels; and the Ukraine is down 7% - which as a direct competitor to the US is very significant says Anderson.
With the EU's contribution, this year, world stocks are projected to be up 1%. Aside from Argentina, the US and most all its competitors worldwide are down, many quite significantly
"That's what we want to see," Anderson said. "If we can get those stocks lower, then we can get these prices higher."
To listen to Anderson's full remarks, or for a full line up of this week's episode, click here
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.
The US Farmers and Ranchers Alliance this week, introduce its first-ever Agriculture in America Sustainability Report
during the Sustainable Brands Conference, a national event showcasing brand leaders who create environmental and social purpose to drive innovation.
The report demonstrates how farmers and ranchers seek out and employ practices that allow them to better protect the planet's resources, while efficiently and effectively producing food.
Building on key insights from USFRA's annual research to better understand consumers' perception of sustainability in U.S. food and agriculture, the report concludes that consumers struggle to define sustainability. However, when farmers explain the tangible ways they are improving the water, soil, air and habitat on and around their farms, consumers are actually able to grasp the full picture.
"Sustainability as it relates to food and agriculture and the tools that farmers and ranchers use help us conserve our resources and continually improve," said Brad Greenway, USFRA Chairman and South Dakota crop and livestock farmer, "so we look forward to having conversations and sharing our story at the Sustainable Brands Conference."
|Memorial Day Reminder- We Return on Tuesday
Because off the Memorial Day holiday- we will not be sending you a Monday morning email this coming week- we will return as normal on Tuesday.
We will have reports on many of our radio stations as normally scheduled on Monday.
If you are having the chance to relax and enjoy friends and family this weekend- have a great time and be safe.
For many of our farm friends- this will NOT be a relaxing weekend as they finally have dry enough weather to get harvest started or get it restarted- or many will be trying to get a spring planted crop into the ground.
For all of you that fall into that category- we wish you open weather, no breakdowns and a double measure of safety.
AND- for all- I hope you will take a moment at some point this weekend and say a prayer of thanks to our Maker for this country and all of those who have given their lives to make it "the land of the free and the home of the brave."
See you back in your inbox on Tuesday morning!
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, OERB, Oklahoma Farm Bureau, Stillwater Milling Company, Alltech, 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 also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Click here to check out WWW.OklahomaFarmReport.Com
God Bless! You can reach us at the following: