|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!
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.
FedCattleExchange.com has a total of 1,231 cattle on their showlist for the Wednesday, October 4th
sale of finished cattle- details will be available after noon today by clicking here.
Steady to lower money was reported on Monday at the Oklahoma National Stockyards- estimated receipts were 5,600- click here for the USDA Market News Report.
At Joplin, steers and heifers of all weights sold steady to 5.00 higher with just under 3,700 reported on Monday- click here for the report from the October 2nd sale.
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
Tuesday, October 3, 2017
US Meat Export Federation Pulls Off US Beef Roadshow Exhibitions in China with Great Success
The US Meat Export Federation, last week, wrapped up its aptly named US Beef China Roadshow, a week-long series of events that brought exporters and importers together in three of China's largest cities, including Beijing, Shanghai and Guangzhou, as a way to introduce the US beef industry's products to its newest customers in China. The idea was dreamt up in response to the need to introduce American companies to the Chinese market, as well as to provide Chinese distributors, retailers, restaurateurs and chefs an opportunity to handle and taste U.S. beef, with a goal of building on the momentum that started when China reopened to U.S. beef earlier this year.
The roving beef tour, comprised of USMEF staff and 17 member companies exhibiting U.S. beef products, featured a U.S. beef overview, trade networking, product sampling and an American-style barbecue reception highlighting alternative cuts. More than 300 Chinese importers - buyers who were selected and screened by USMEF attended each of the three roadshow events. Each roadshow event was themed with a particular popular local beef dining concept, including hot pot, Korean barbecue and western steakhouse.
U.S. exporters participating in the roadshow varied from well-established players to new companies hoping to capitalize on China's reopening to U.S. beef. All agreed that learning about the needs of potential customers was extremely valuable.
"You could feel the energy for U.S. beef, and I was able to meet several top-notch importers at each stop - and each had their own story and own approach to their business," said Steve Summers, sales manager for One World Beef. "That's the real advantage to seeing different parts of China and meeting different kinds of buyers. Our job now is to try to match our U.S. beef products with each of those buyers to help fit their needs."
Joel Haggard, USMEF senior vice president for the Asia Pacific, points out that the U.S. Beef China Roadshow is only the starting point for what is certain to be a long road to getting U.S. beef established in the marketplace.
Read more about the success of this event, hosted by USMEF, promoting US raised beef in China, by clicking or tapping here.
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
|Corn and Soybeans Lag Behind Their Harvest Averages- 2018 Wheat Crop Also Behind Normal Planting Progress
In the latest crop progress report released Monday, October 2, 2017, the United States Department of Agriculture rated the US corn crop maturity nationwide jumped from 51 to 68 percent this week, still behind the five-year of 78 percent. Corn is 17 percent harvested across the nation, behind the average of 26 percent. The US soybean condition remains unchanged from last week, rated at 60 percent good to excellent, 28 percent fair and 12 percent poor to very poor. Soybeans are up to 22 percent harvest nationally, lagging behind the average of 26 percent. For the complete USDA Crop Progress report, click here.
You can also hear our review of the national and state numbers from our Spreaker report that we have recorded this morning- click here to check it out.
According to the weekly crop progress report from USDA, Oklahoma winter wheat planted reached 30 percent, down 10 points from the previous year and down 13 points from normal. Winter wheat emerged reached 2 percent, down 12 points from the previous year and down 12 points from normal. Corn mature reached 76 percent, down 4 points from the previous year and down 17 points from normal. Corn harvested reached 47 percent, down 12 points from the previous year and down 17 points from normal. Sorghum mature reached 61 percent, down 6 points from normal. Sorghum harvested reached 33 percent, down 5 points from normal. Cotton bolls opening reached 55 percent, down 15 points from normal. Cotton harvested reached 2 percent, up 2 points from the previous and up 1 point from normal.
To view the complete Oklahoma Crop Progress and Condition Report, click here. (they are not reporting canola plantings this fall)
In Kansas, winter wheat planted was 21 percent, behind 37 last year and 39 for the five-year average. Emerged was 9 percent, near 11 last year, and behind 14 average. Corn mature was 84 percent, behind 90 last year, and near 88 average. Harvested was 39 percent, behind 44 last year and 49 average. Sorghum mature was 48 percent, behind 61 last year, and near 49 average. Harvested was 7 percent, behind 17 last year and 13 average. Pasture and range conditions rated 5 percent very poor, 14 poor, 37 fair, 41 good, and 3 excellent. To view the complete Kansas Crop Progress and Condition Report, click here.
In Texas winter wheat planted is rated this week at 40 percent complete, compared to 34 last year and 40 the average. Winter wheat emerged has reached 15 percent, below last year by 2 and equal to the average. Currently, 89 percent of the state's corn crop is mature, ahead of both last year and the average by 4. Corn harvested is up 7 points this week from last at 75 percent, ahead of the average by 69. Cotton harvested is at 22 percent, ahead of the average by 6. Sorghum in the state has reached 80 percent mature, equal to last year and behind the five-year average by just 1. Meanwhile 73 percent of the state's sorghum crop has been harvested, ahead of the average by 5. To view the complete Texas Crop Progress and Condition Report, click here.
|NAFTA Talks to Return to Washington, D.C.
The North American Free Trade Agreement renegotiation effort will return to Washington, D.C. this month for the fourth round of official talks. The negotiations will resume October 11th through the 15th, following a round of talks in Canada last month.
Canadian Minister of Foreign Affairs Chrystia Freeland said progress was made in the most recent meetings "on a number of bread-and-butter trade issues." Meanwhile, the U.S. has yet to introduce a proposal to increase protections for seasonal and perishable produce. The tabled issue is being closely watched by agriculture groups, including the National Pork Producers Council, which says the proposal could provoke America's NAFTA partners to push for mechanisms that make it easier to restrict U.S. farm exports.
By U.S. law and official notices to Congress, the earliest a deal can be agreed upon and concluded is March of next year. But, those watching the negotiations believe that would be too close to the midterm election cycle, as a comment period would extend into September 2018, even at the fastest pace, likely putting the potential final approval of a new NAFTA in 2019.
|Legislation for Immigration Reform Introduced by Rep. Bob Goodlatte, Well-Received by Ag Industry Associations
Agriculture groups expressed support for the Agricultural Guestworker Act of 2017, introduced Monday by Virginia Republican Representative Bob Goodlatte.
The bill would create an H-2C visa program that will allow American farmers and, packers and processors access to a legal and stable supply of workers.
"The U.S. pork industry is suffering from a serious labor shortage," said NPPC President Ken Maschhoff, in a statement released yesterday. "We commend Congressman Goodlatte for sponsoring this important legislation, which allows undocumented workers already in the United States to continue working in vital agriculture jobs."
American Farm Bureau Federation President Zippy Duvall says the bill addresses the needs of agriculture's current workforce.
"The Ag Act's proposed guest worker visa program would bring much needed improvements to the current system while addressing the needs of our current workforce and providing a streamlined visa process for skilled, agricultural workers in the future," Duvall remarked on behalf of AFBF members, also acknowledging some concerns about the bill's finer details. "Farm Bureau applauds Rep. Goodlatte for his leadership on this legislation and looks forward to working with members on both sides of the aisle to solve agriculture's labor problems, now and in the future."
The new program would allow undocumented workers, who can demonstrate agriculture work experience over the previous two-year period, to get an H2-C visa. An initial cap of 500,000 workers would be allowed under the program, with allowances to adjust the number depending on U.S. agriculture labor demand each year.
House and Senate Republicans from tax writing committees, along with the Trump Administration, rolled out a blueprint for tax reform this last week. Danielle Beck
, director of governmental relations for the National Cattlemen's Beef Association in its Washington, DC office who handles tax issues for the organization, says the item in this proposed package that really jumps out for cattle producers, is the inclusion of full and complete repeal of the Estate Tax - or "Death Tax" as it is commonly known.
"We are thrilled that President Trump
and Republican leadership continue to maintain their commitment to full, permanent repeal of the Death Tax," Beck said. "We're really lucky they recognize the burden that the Death Tax places on agricultural producers."
While the inclusion of this measure in the initial framework of the new tax code is a big win for the industry, Beck says it is something that will have to be seen through to the end in the final package. In addition, though, Beck is concerned not only with getting to the finish line with Death Tax repeal - she is also concerned about what positive provisions in the current tax code, might be modified to the detriment of ranchers. According to her interpretation of the proposal's language, everything is on the table and up for negotiation. Beck encourages producers to contact their state leaders in Washington and insist that they take action to protect those provisions and push for Death Tax repeal as soon as possible, with reform talks anticipated to begin by early November. (Click or tap here
to send a sample letter provided by NCBA to your legislator.)
"The devil really is in the details," she said. "The language in the proposal includes eliminations for exemptions, deductions and credits on the individual side - and it also instructs lawmakers to look at the corporate side and modernize tax rules to better reflect the economic reality and provide little opportunity for tax avoidance for businesses."
Listen to NCBA tax expert Danielle Beck outline her concerns regarding the proposed Republican tax package, with me, on yesterday's Beef Buzz - click here
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In a somewhat surprised tone, starting out this week's article in the Cow/Calf Corner newsletter, Dr. Derrell Peel of Oklahoma State University, reports that despite the early potential that seemed to exist after the cool, wet August in the state, wheat pasture has developed relatively slowly in Oklahoma so far this fall.
Peel cites recent USDA-NASS reports that show 16 percent of Oklahoma wheat was planted by the last week of September, down from a five-year average of 25 percent for that date. He attributes the difference here to a delay in planting by some farmers due to dry topsoil in some areas and the threat of armyworms.
However, given recent moisture and favorable forecasts, Peel anticipates planting will accelerate into October and believes wheat pastures will begin to establish rapidly and be on track for normal grazing this November and December.
Peel also shares his impression that stocker demand remains strong, despite a 20 percent increase in feeder cattle auction volume in September compared to one year ago.
"Stocker prices may weaken seasonally with the biggest calf runs expected in the next month to six weeks but the seasonal declines may be less than typical with continued strong stocker demand," he writes.
Rounding out his current overview of the markets and his projection of profit opportunities for the fall, Peel also makes a poignant observation regarding the futures prices.
"A strong rally in Feeder futures since late August offers improved winter stocker profit potential. At current levels, March Feeder futures would allow a 750 pound steer to be priced at roughly $150/cwt. in Oklahoma. A 475 pound steer at today's prices, would have a March 1 breakeven of $130-$137/cwt. at 750 pounds depending on pasture and other costs," he writes, "Such opportunities to price in winter stocker margins are rare and generally fleeting. Frankly, it is hard to justify current Feeder futures prices for the spring based on cattle market fundamentals and speculative moves in futures are wildly unpredictable. Producers should act promptly if these futures price levels are attractive."
Peel leaves readers with a cautionary reminder that "futures have been notoriously volatile in recent years and Feeder futures can move $11.25/cwt. in two days of limit moves."
While no major cattle market weakness is foreseeable at this time, Peel says general expectations are for modestly lower cattle prices in 2018 on continued growth in cattle supplies and beef production. He believes there is clearly more downside risk than upside potential from current levels.
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|Noble Research Institute Outlines the Things to Consider Before Implementing Multispecies Grazing
According to a recent article published by the Noble Research Institute, multispecies grazing can have great ecological and as economic benefits that can significantly improve the sustainability of your operation and the land you manage.
Grazing multiple species on the same land can more effectively utilize all of the browse and forage in pastures, target weeds and brush, and reduce parasite loads across pastures. These benefits could also lead to increased revenues or decreased costs.
However, running multiple species means adding layers of management and additional challenges, such as fencing needs, predator issues, working facilities and veterinary care.
When it comes to fencing, producers may not find existing hot-wire fences built with cattle in mind, totally effective for running sheep and goats on the same pasture. Additional strands of wires, or even net-fencing may be required to properly keep smaller species confined. This adds labor and cost to your operation.
Working facilities present a similar problem, often times not built to accommodate smaller animals. Sheep or goats could potentially slip through gaps in panels cattle could not. Smaller animals are often times more labor intensive to work with, and require special care - like hoof trimming at times.
Predation can be a major issue for sheep and goat producers in many areas of the Southern Great Plains. Managers use donkeys, llamas or guard dogs to protect herds. A good guard dog seems to be the most effective at keeping predators at bay. But, regardless of the guard animal type utilized, predator management is an added cost and an additional management skill that grazing land managers must develop when adding multispecies grazing to a ranch plan.
These are just a few of the issues that come along with adding multiple species to a grazing operation. Continue reading about the various considerations one should make before jumping into multispecies grazing, by clicking here
, and decide if the potential benefits outweigh the related costs for your operation.
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.
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