Subject: Oklahoma's Farm News Update
From: Ron Hays <>
Date: 2/7/2017 6:22 AM

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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!  
FedCattleExchange.Com has a total of 6,220 cattle on their showlist for the Wednesday February 8th sale of finished cattle- details will be available after noon today by clicking here. 
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 futuresclick 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 on Monday, February 6th.
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

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, February 7, 2017
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
AgSalesTaxExemptionFeatured Story:
As State Legislative Session Begins- Senate Leader Schulz Offers Assurances on Ag Sales Tax Exemption  

It was the first day of the Oklahoma Legislative Session yesterday- and the headliner was Governor Mary Fallin- delivering her seventh State of the State Speech to lawmakers. 

The Governor laid out her plan to bridge an estimated $868 million budget shortfall during a joint session of the House and Senate.  
She is calling for an increase in tobacco and fuel taxes.   
"So I'm proposing a new revenue stream by increasing our gas and diesel taxes to the regional state average, but below the national average," she said.

Fallin also proposed eliminating the corporate income tax and the grocery sales tax. And there was talk about the need to expand our sales tax base- which is a common theme at the start of most legislative sessions. More on the State of the State and Governor Fallin's plan can be had by clicking here.

For Agriculture- the perennial worry is losing the Ag Sales Tax Exemption for farm and ranch inputs. That worry will always be there- but perhaps a little less likely this year to ever have a chance to gain traction because of who the State Senate President is.

Senator Mike Schulz of Altus told us just ahead of the start of the session that he fully expected the Governor to tell lawmakers to consider expanding the State Sales Tax base by ending some of the many exemptions now in place.  But, be told us "I don't fear that we are going to get into those things that we use on the farm everyday- that we enjoy an exemption on today- parts, fuel, fertilizer, chemicals, seed- those types of things. I do think that we will have discussions on increasing the sales tax base.  I don't think the Ag Exemption and other true business exemptions will be a part of that discussion."

You can both watch our TV segment with Senator Schulz from this past Saturday on this subject and more- as well as listen to our off camera interview as well- click or tap here and check it out.     

Sponsor Spotlight
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation.  National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company.  They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.

In his latest contribution to the Cow/Calf Corner newsletter, OSU Extension Livestock Market Economist Dr. Derrell Peel broke down the numbers of the US cattle inventory report, which placed Oklahoma as a leader in the US beef cow herd expansion.

According to Peel's review of the report, "the U.S. beef cow herd expanded 3.5 percent in 2016 to a January 1, 2017 level of 31.2 million head, up 1.04 million from one year ago. This follows USDA-NASS revisions that showed the January 1, 2016 beef cow herd inventory at 30.2 million head, up 2.9 percent from 2014. Total three-year herd expansion, since the recent low of 29.1 million head in 2014, is 2.1 million head, slightly higher than the pre-drought 2011 total and just under the 2010 inventory level of 31.4 million head. The 2017 inventory of beef replacement heifers was 6.4 million head, up 1.2 percent year over year. This level of beef replacement heifers is 20.6 percent of the cow herd inventory, down just slightly from last year, and a level that suggests significant herd expansion will continue in 2017. An estimated 4.0 million head of beef heifers is expected to calve in 2017, up 1.6 percent from the 2016 level.

"Among top ten beef cow states, Oklahoma added the most cows with an 8.9 percent increase in 2016, leading to a 2017 herd inventory of 2.095 million head, second to Texas, which had 4.46 million head (up 4.0 percent from 2016). In absolute numbers, Oklahoma added 172 thousand cows the beef herd, slightly more than the 170 thousand head increase in Texas. The 2017 Oklahoma beef cow inventory slightly exceeds the recent 2010 peak and is the highest state inventory since 1985. This follows the 2013 low of 1.694 million head, the lowest Oklahoma beef cow herd since 1962. In the last four years, the Oklahoma beef cow herd has expanded 23.7 percent, the largest percentage increase from recent lows among top ten beef cow states."

Click here for Dr. Peel's complete breakdown of the report to understand the full impact these numbers have on the US cattle herd.

The American Soybean Association and the Soyfoods Association of North America co-authored a letter to the Senate Health, Education, Labor and Pensions (HELP) Committee members yesterday, expressing their collective objection to draft legislation that would restrict the marketing of soymilk.

S. 130, referred to as the Dairy Pride Act, would prohibit the term "milk" from being used with soymilk and soymilk-based products, under the premise that the term "milk" is misleading to consumers.

The leadership of these two associations contest in the letter, the legislation's validity, citing a study done to illustrate the level of confusion in the customer base about the two products.

According to this study, of the 800 responders, none believed dairy milk to be an ingredient of "soymilk."

They argue, too, that the term "soymilk" has been in compliance with FDA regulations since 1963 and in commercial use even longer, since 1947. The product itself created $4.5 billion in 2013.

To take a look at the letter to HELP and to learn more about the soy industry's objections to the Dairy Pride Act, click here.

BuzzCattleFax CEO Suggests Industry Take Time to Reflect on the Changing Nature of the Marketplace

According to Randy Blach, CEO of CattleFax, there has been a lot of change in the cattle markets over the last several years as it adapts to the globalization of the industry. He and I spoke recently during the National Cattlemen's Beef Association and Cattle Industry Convention in Nashville this past week. He reviewed with me what he has notice through these early days of 2017 in the cattle markets.

"You think about our markets from 2009 to 2014," he said. "Our markets went up 117 percent and then preceded to break 45 percent.

Blach says what we're experiencing today is like nothing we've seen historically. Exportation has become increasingly more important to the industry, and a rising uncertainty of what the future of our nation's trading policy has in store, is enough to worry an industry so dependent on market access. Strategically thinking, he suggests we as an industry should take time to reflect on where we are at and how we should move forward from this point on.

"That's why I think we're in such interesting times," Blach commented. "I think we have to have an open mind. These markets have changed and I've reflected on it a lot because we've all learned so much in the last three years."

To get Blach's thoughts on what these changes in the marketplace mean for the success of producers, listen to my full conversation with him on yesterday's Beef Buzz - click here.

Sponsor Spotlight

For nearly a century, Stillwater Milling Company has been providing ranchers with the highest quality feeds made from the highest quality ingredients.  Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas.  We appreciate Stillwater Milling's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.

Oklahoma will be well represented this year in the cattle industry. As business wrapped up at the NCBA and Cattle Industry Convention in Nashville last week, several Oklahomans were slated into key leadership roles for the organization on both the policy and Checkoff sides. Oklahoma Beef Council member Chuck Coffey of Springer was one of those Okies tapped last week.

As Secretary-Treasurer of the Cattlemen's Beef Board, Coffey says he is excited to be part of the team that will advance the main objective the industry has set for itself.

"We laid out a long-range plan last year. That plan is still in place and the primary objective is to increase beef demand across the country," Coffey said. "We want to responsibly produce the most preferred, safest protein in the world and we think we do that, but we've got to get that message out to others."

Coffey says the CBB will accomplish this goal by spending Checkoff dollars wisely to promote beef in such ways to the public emphasizing safety, nutrition, health, export growth and innovation.

Click here to read more about Coffey's new position on the CBB or to listen in on my interview with him.
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.


Eating healthier just got easier with the addition of one more pork cut to the list of Heart-Check Certified products by the American Heart Association. The Pork Checkoff is working with the American Heart Association to highlight the heart-healthy benefits of the pork sirloin roast.

As a Heart-Check Certified cut of meat, pork sirloin adheres to the American Heart Association's requirements allowing its label as a "heart-healthy food." The pork sirloin roast joins the pork tenderloin with this designation as an extra lean cut of meat certified by the Heart-Check Food Certification Program.

"The prominent Heart-Check mark on packages of meat offers consumers an easy way to cut through the clutter of often conflicting nutrition information," said Adria Huseth, RDN, LD, CPT, and manager of nutrition communications and research for the Pork Checkoff. "The Heart-Check mark is valuable and serves as a trusted resource for consumers. By cutting through the noise at the meat counter, shoppers can quickly identify heart-healthy foods."

Continue reading this story and learn more about the Heart-Check Food Certification Program and how pork fits into a heart-healthy diet, by clicking here.

By accepting the office of NCBA Vice President, Tennessee cattle producer and sale barn owner, Jennifer Houston, may well be on her way to being counted among the ranks of those women that have reached the organization's top post. She and I talked about this exciting moment in her career of involvement with the association last week during the NCBA and Cattle Industry Convention.

"It's just something I've been passionate about ever since college," Houston remarked. "I grew up in a family of folks that believe you got to help yourself. We've always believed and talked about that we've got to do something and just believe in giving back to the industry, so that we have something for our children and our friends' children and our neighbor's children to come back to."

Her breadth of knowledge and background about the industry and the association truly reflects a certain level of commitment and understanding of what the organization is about and is sure to contribute to its ongoing function with a high degree of practicality. As vice president, coupled with these attributes, Houston will be able to bridge both sides of the association, and unite policy and Checkoff and assist in leading the organization's business as a well-oiled machine.

"We're really running on all cylinders, and really seeing the benefits of why NCBA is uniquely suited to do the job by having the two divisions," she said. "We speak with one voice."

Click here to listen to our complete exchange about her new role within NCBA as vice president and the goals she has set for this year.
Our thanks to Midwest Farms Shows, P & K EquipmentAmerican Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm BureauStillwater Milling Company, Oklahoma AgCreditthe 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  



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