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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.
On Wednesday the
FedCattleExchange.com offered 969 head of cattle with only 617 actually sold, selling with a weighted average price of $119.23. Click here to see their complete market results.
OKC West sold yearlings on Wednesday- Feeder steers and heifers traded 3.00-6.00 lower with instances to as much as 9.00 lower on heavier weight yearlings. The 2 day total on receipts was 14,548. Click here for report from USDA that includes details of both the Tuesday and Wednesday sales.
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
Thursday, November 16, 2017
I had the chance to interact with one of the members of the US Wheat Associates officer team, actually, the group's Immediate Past Chair, Jason Scott, who farms in Maryland, just miles from the Chesapeake Bay and the Atlantic Ocean.
Scott is visiting the Oklahoma Wheat Commission this week and I caught up with him just ahead of his presentation to this week's regular Board Meeting of the Commission, and he reflected with me on some of the memorable highlights of his term, serving the US wheat industry.
"It all has to go back to travel," he said. "I really do like to travel and No. 1, is probably getting a chance to go out to places like Oklahoma and spend time with the state wheat commissions and getting to know some of the growers better."
In addition to traveling around the country, Scott has also had the opportunity to travel abroad with USW, visiting with the organization's staff and customers overseas. He says the work done by the folks with their boots on the ground, is imperative to the success of the industry's marketing efforts. He insists the wheat buying is still a business built on relationships. As the global market becomes more competitive, with Russia and other countries starting to rival the US in exports - Scott says the USW has adjusted its overall strategy to go after markets where quality and reliability are valued. He says the organization's international offices are a key component to this strategy.
"It's always a testament to the leadership at US Wheat of how good that overseas staff really is - busting their butts for US ag every single day," Scott remarked. "You have to have those boots on the ground out in the countries, and we serve over 130 countries. We've got 15 offices overseas and it's still a relationship business."
Click or tap here
to read the original webstory and to listen to my complete interview with Scott during his visit to Oklahoma this week.
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
Our Associate Farm Director Carson Horn represented the Network at the National Association of Farm Broadcasters Convention this past week in Kansas. During that trip, Carson spoke with Deb VanOverbeke of the OSU meat science department. VanOverbeke has had extensive involvement over the years with the National Beef Quality Audit - conducted every five years to get a snapshot of the industry's progress in quality and is funded by the Beef Checkoff. The latest audit was done just recently and the results of that audit were released earlier this year. She explained to Carson some of the findings included in that report.
"One of the things we took from the face-to-face interviews was that our end users sometimes define terms differently than we do as producers," VanOverbeke said. "When we say genetics in production, that means something different when you say genetics to an end user - so some of those definitions don't carry forward."
Compared to prior audits, VanOverbeke says some improvements can be seen in today's production system that weren't as good in years past.
"We also have, from a plant perspective, an improvement in quality," she said. "We have a transportation piece that says a vast majority - almost 100 percent - of cattle, are extremely mobile when they get to the plant. Very few have difficulties moving and if they do it's just some minor stiffness, which is expected after travel."
Overall, though, the improvements that have been tracked over the last 25 years have translated into more profitability for the industry. According to VanOverbeke, carcass weights have continued to improve and they are grading with more prime and upper two-thirds choice than ever before.
The American Farm Bureau thanked Agriculture Secretary Sonny Perdue, yesterday, for his decision to delay the Organic Livestock and Poultry Practices Rule.
In a statement released Tuesday by the general farm organization, AFBF President Zippy Duvall contended that the rule, contrary to the way it is being advertised, is at its core, just another tool being used to "push an agenda rather than advancing food safety or animal welfare."
Animal welfare metrics do not meet the original intent of the Organic Production Act, Duvall claims.
AFBF asserts that livestock's health and well-being is a top priority for all farmers and ranchers, independent from any regulatory mandates that say otherwise.
"We work with a host of specialists, from animal scientists to nutritionists, to manage our farms in the best manner possible to ensure wholesome, healthy food," Duvall said. "Organic farmers and ranchers would be forced out of the organic sector or out of business entirely if this rule goes into effect and forces them to arbitrarily change their production practices."
On AFBF's behalf, Duvall shares his hope that as the Agriculture Department reviews this rule, it will come to the conclusion that the rule is an act of federal overreach and should be withdrawn.
Read the full statement from Zippy Duvall on the matter, by clicking here, for a further explanation of AFBF's stance on the Organic Livestock and Poultry Practices Rule.
Tulsa is set to once-again to host Oklahoma's largest indoor farm show December 7, 8 and 9. The annual event will bring area farmers and ranchers to the River Spirit Expo to view the latest in agricultural and ranching technology. More than 370 exhibitors will feature over 1000 agricultural products and services, making the Tulsa Farm Show one of the country's premier agricultural events and the largest show of its kind under one roof.
This event is expected to attract over 30,000 agricultural producers and ranchers from Oklahoma, Kansas, Missouri, Arkansas and Texas who make the Tulsa Farm Show part of their end-of-year activities.
In addition to exhibits, many events, including demonstrations, competitions, test drives, performances, and prize drawings are popular attractions at the show. Craig Cameron, renowned natural horse trainer, and host of RFD-TV's Ride Smart television series will provide daily horsemanship seminars and interact with attendees throughout the show at the W-W Livestock Systems exhibit. Craig's entertaining and interactive demonstrations have been a Tulsa Farm Show favorite for the past 22 years.
Show Manager, Ron Bormaster commented, "We will have more 370 exhibitors and a full schedule of events and performances each day of the show. We expect this to be the biggest and best Tulsa Farm Show in its 24 year history. It is a great salute to the area's agricultural and ranching community."
The Tulsa Farm Show runs December 7- 9, 2017 at the River Spirit Expo (located at the Tulsa State Fairgrounds). Admission and parking are free. For more information, and to view an interactive floor plan of the show, or to hear Show Manager Ron Bormaster speak with me about this year's event, click or tap here.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
The US beef industry has had some big wins in recent months, in and around the Pacific Rim, with gains in China, Korea and other countries. This week, it had another win, as the World Trade Organization ruled in favor of the US in a dispute with Indonesia over its complex and opaque import requirements for beef and beef products. All 18 of Indonesia's import measures contested by the US were found by the WTO to be inconsistent with the nation's trade obligations. Thad Lively
, senior vice president of trade access for the US Meat Export Federation, says he expects this ruling to open up considerable opportunity in the region.
"This is an important win for the US and this is one of those cases that was really well suited to take to the WTO, because Indonesia has in place a number of import restrictions that are pretty clearly inconsistent with what the rules of the WTO say."
Lively says this situation was primarily driven by the fact that Indonesia had policy at times to pursue self-sufficiency in beef production. The reality of that happening is very unlikely and that is becoming increasingly apparent. Lively says this mediation comes at a good time when Indonesia is making considerations on how to meet its consumption needs. Currently, Indonesia is the ninth largest export destination for the US in terms of volume; fifteenth by value. With these restrictions now lifted, Lively says he is excited about the opportunities ahead.
"It should open up opportunities in Indonesia, like we've never seen," he said. "Indonesia is the fourth largest country in the world by population, but if you look at their per capita beef consumption, it's really quite small. To us that says there's huge potential for the United States beef industry."
Listen to Thad Lively of the USMEF speak to the opportunities ahead in the Indonesian market, with me, on yesterday's Beef Buzz - click here
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The Climate Corporation, a subsidiary of Monsanto Company, announced Wednesday, a partnership with Deveron UAS Corp., that will deliver farmers advanced aerial imagery data combined with powerful analytics through The Climate Corporation's industry-leading Climate FieldView™ digital agriculture platform. The addition of Deveron supports Climate's commitment to deliver a true digital ag ecosystem where farmers can access a broad, interconnected set of tools, services and data to optimize all of their farm management decisions.
"As remote sensing through advanced imagery continues its fast-paced development, drones are increasingly playing an important role to help farmers gain deeper insights into crop performance at scale," said Mark Young, chief technology officer for The Climate Corporation. "Deveron has built a broad network of drones and sensors across North America to provide farmers with more data solutions to manage field variability, and we look forward to working with them to equip more farmers with data-rich imagery insights to make the best decisions for their operations."
Based in Canada, Deveron is a leading full-service enterprise drone data company with a growing fleet of drones that can collect, analyze and deliver farmers data-driven insights to help them make more informed decisions, reduce costs and increase yields.
During the 2017 growing season, Deveron and Climate completed a successful pilot program in Ontario, allowing farmers to visualize Deveron imagery within their Climate FieldView account. For the 2018 growing season, this partnership will enable aerial imagery data to seamlessly flow into a farmer's Climate FieldView account at the farmer's request, allowing them to experience deeper analysis of how their crops are performing in-season, alongside important field data layers such as planting and yield data.
"The Climate Corporation's Climate FieldView platform aligns closely with our mission of delivering farmers a simple data collection solution, coupled with advanced analytics, to help farmers more precisely monitor their crops," said David MacMillan, president and chief executive officer for Deveron. "Partnering with the Climate FieldView platform will further our ability to bring low cost, high-resolution imagery to more farmers so they can zero in on exactly what's happening in their fields and gain actionable insights to help them achieve the highest return on investment."
To continue reading this story, click here, to jump over to our website for the full article with complete details on this newly formed and innovative partnership.
|Farm Bureau Survey Reveals Lowest Thanksgiving Dinner Cost in Five Years
American Farm Bureau Federation's 32nd annual price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year's feast for 10 is $49.12, a 75-cent decrease from last year's average of $49.87.
The big ticket item - a 16-pound turkey - came in at a total of $22.38 this year. That's roughly $1.40 per pound, a decrease of 2 cents per pound, or a total of 36 cents per whole turkey, compared to 2016.
"For the second consecutive year, the overall cost of Thanksgiving dinner has declined," AFBF Director of Market Intelligence Dr. John Newton said. "The cost of the dinner is the lowest since 2013 and second-lowest since 2011. Even as America's family farmers and ranchers continue to face economic challenges, they remain committed to providing a safe, abundant and affordable food supply for consumers at Thanksgiving and throughout the year."
The shopping list for Farm Bureau's informal survey includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.
Consumers continue to see lower retail turkey prices due to continued large inventory in cold storage, which is up almost double digits from last year, Newton explained.
Click or tap here to read more
- and AFBF has also provided a video detailing the results of the 2017 survey- released just after midnight this morning.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Oklahoma Beef Council, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, 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!
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