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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.
FedCattleExchange.com has a total of 711 cattle on their showlist for the Wednesday,
January 10th sale of finished cattle- details will be available after noon today by clicking here.
Superior Livestock's Bellringer XXXI
is happening today and tomorrow- 8:00 AM Central is start of today's sale- over 70,000 to sell in total- click here
for all the details.
Steer and heifer calves not
well tested at OKC West
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
Wednesday, January 10, 2018
Kansas Republican Senator Jerry Moran addressed members at the American Farm Bureau national convention this past weekend during a session titled "What's the latest on the upcoming Farm Bill?" Moran spoke on issues regarding the upcoming Farm Bill, the farm safety net, and the importance of protecting the rural way of life across America. I had the chance to speak with Sen. Moran prior to his presentation and got him to elaborate on how the Senate and House agriculture committees will work together to provide adequate assistance to producers in times of emergencies.
Most importantly, Moran said cooperation among the many political leaders and stakeholders at the helm of drafting this legislation will be paramount.
"All of agriculture is hurting. We need to make certain we all work together. It can't become a regional thing or we all lose," he said, adding that the bottom line in helping producers meant getting the Farm Bill done sooner rather than later.
He also highlighted the importance of getting a disaster bill through Congress as soon as possible, and set the stage for the 2018 Farm Bill. Moran hopes lawmakers will address contentious issues related to cotton and dairy in the disaster bill and get them out of the way before the farm bill write up. By doing so, he says there will be a larger base amount of available funding for the Farm Bill to work with.
Touching on trade, Moran also told members, "we need to make sure exports of farm goods are protected and enhanced, not diminished." He encouraged farmers and ranchers to "make certain the case is made on the importance of ag trade" whenever they have the opportunity. Moran claimed NAFTA's importance to the agricultural community eclipses that of the recent tax package signed into law stating that, "While a tax bill may be very helpful to agricultural producers, if we don't have income in agriculture... the tax bill is a lot less relevant to the wellbeing of those who earn their living farming and ranching."
Click here to read more about Senator Moran's address to Farm Bureau members this week, and listen to his complete comments from our interview.
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.
|Ag Groups Cheer Administration's Task Force Plans to Support Innovation in Agriculture and Rural Development
The White House Administration's task force on agriculture and rural prosperity officially released its report on Monday at the Farm Bureau national convention with a formal presentation from its chairman, USDA Secretary Sonny Perdue to President Donald Trump - which offered recommendations for improving the quality of life in rural America, including more online connectivity and more training programs. The report says that only 39 percent of rural America is able to access adequate broadband. As far as employment, it's been growing more slowly in rural districts compared to urban areas going as far back as 1970. The report also noted the importance of building public confidence in the oversight of biotechnology. The task force also mentioned the importance of trade to our rural economies.
Based on statements made in response to the report's release, several ag groups claim to share an interest in many of the recommended efforts by the task force and applauded the initiative and understanding shown to agriculture and rural America by the Administration.
The Biotechnology Innovation Organization stated that the report "encourages growth and continued innovation in America's biotechnology sector.
"Globally, the biotechnology sector is a driver of the 'fourth industrial revolution,' and presents an incredible opportunity for American farmers and rural communities to thrive at the forefront of innovation," said BIO's President & CEO Jim Greenwood. "BIO applauds the report and agrees with the broad recommendation to leverage U.S. investments in technological innovation, improve access to capital in rural communities, and increase market opportunities."
The task force recommendations are also in line with the priorities of the U.S. pork industry, according to a release by the National Pork Producers Council.
"Addressing workforce issues and federal rules and maintaining export markets, coupled with the recently approved tax cuts, will help revitalize rural America," said NPPC President Ken Maschhoff. "President Trump, Agriculture Secretary Perdue and the team at the White House National Economic Council are to be commended for putting together a plan that will aid farmers and ranchers."
|Cattle Market Success in 2017 "Bodes Well" for Next Few Years as Industry Faces More Production
In continuing a recent conversation with Jim Robb
, executive director of the Livestock Marketing Information Center, about the pleasantly surprising strength of cattle markets during 2017 despite an increase in protein production, Robb delved a little deeper into what exactly caused cattle prices to be so resilient this past year. He says the demand we've seen played a big part and says it will continue to in the future.
"We produced a record amount of total meat and poultry in the year and we did that through the marketplace and that really bodes well as we look ahead to the next couple years," Robb said. "Even though exports came in better than we thought they'd be, it was this margin adjustment that really reflected this meat demand component."
Robb commended cattle feeders commenting on feedlots' attention and response to the market's economic incentives that drove demand throughout the beef supply chain and created profitability in the feeder and packer sectors. Furthermore, he says cattle feeders took advantage of these market signals, "but certainly people didn't take it too far." Feeders became willing sellers in 2017 and due to their orchestration of timely transactions, dressed weights actually came down as a result throughout the year up until the last weeks of December.
"That wasn't because of winter weather. That was because the marketing system pulled cattle through the system, and that's a very important distinction," he said. "Often in the beef business and the cattle business, we're trying to push animals into the marketplace and hoping prices hold together. That really underpinned lower weights aggressive marketings and the environment we ended up in the fed market and hence the calf and yearling market."
Listen to Robb and I continue our discussion on the unexpected strength in cattle markets during 2017, on yesterday's Beef Buzz - click here
A full slate of state and national agricultural leaders will address members attending the annual meeting of the American Farmers & Ranchers, Feb. 16-18, at the Embassy Suites Hotel, Norman, Okla.
Featured speakers offering a national perspective at the convention include Roger Johnson
, president of the National Farmers Union, Chandler Goule
, CEO, National Association of Wheat Growers, and Kellie Bray
, senior director, government affairs, CropLife America.
Many other speakers representing Oklahoma's diverse agricultural industry will present as well during the convention, which also features a blood drive by the AFR Women's Council this year.
AFR members will also have the chance to discuss pressing issues including the continuing state budget crisis, the rural economy, the new farm bill and feral hog control during the meeting's business session. Several positions on the organization's state board are also up for election this year, including the vice president's seat.
For more information on the event, including a complete list of the featured lineup this year, click 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!
Through Feb. 16, the Oklahoma Department of Agriculture, Food and Forestry (ODAFF) is accepting nominations for a total of four Oklahoma Excellence in Agriculture Awards.
These awards serve in recognition of those who have helped lead Oklahoma's ag industry while demonstrating exemplary personal values and pursuing agricultural achievements.
Nominations are being collected for The Governor's Outstanding Achievement Award in Agriculture; Governor's Agriculture Environmental Stewardship Award; Governor's Outstanding Public Service in Agriculture Award; and The Governor's Outstanding Legacy in Agriculture Award.
The award winners will be announced at a recognition ceremony on April 10, 2018, at the state capitol as part of the state's annual Oklahoma Ag Day celebration. The deadline for all nominations is 5 p.m. Feb. 16.
The recipients will be selected by a committee of representatives from agricultural commodity organizations and farm and ranch organizations.
For more information and a list of previous winners, click here.
To jump to ODAFF's website for a nomination form, click here
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Gene editing holds the potential to revolutionize agriculture, according to expert speakers at the American Farm Bureau Federation's 2018 Annual Convention & IDEAg Trade Show. Non-browning fruits and vegetables and an end to citrus greening disease could all be a thing of the past, thanks to this new technology. I spoke with one of the presenting experts, Dr. Kevin Folta of the University of Florida at the event, during which he described the potential applications of this rapidly developing technology.
"To me, it's a national security issue," he said. "This ensures the food supply. We can create changes to ensure uninterrupted delivery of fruits and vegetables. We can do this on the scale of months to weeks rather than years to decades. This is a really, really huge breakthrough and we need to be accelerating."
While this new scientific innovation holds great potential in agriculture, Folta says the most dramatic advancements on the horizon will be seen in human medicine. He says the benefits to that discipline in regards to this technology are inspiring.
"We need to share the science and communicate the benefits of gene editing, starting with medical benefits that consumers can support and relate to," he said. Cancer therapy for infants and elimination of food allergies developed through gene editing are just a couple of examples.
Read more about gene editing and its potential benefits to consumers, and listen to Folta and I discuss the science and controversy surrounding it, by clicking or tapping here.
|AFBF Delegates- Zippy Reelected as AFBF Prez, Rodd Moesel Elected to National AFBF Board and Policy Set
Delegates to the American Farm Bureau Federation's 2018 Annual Convention unanimously re-elected AFBF President Zippy Duvall during their business meeting on Tuesday in Nashville. In addition, several new board members were seated on Tuesday, including new Oklahoma Farm Bureau President Rodd Moesel, elected to serve a one year term, representing the southern region.
Delegates also approved a multitude of resolutions to establish their 2018 policy on a variety of issues.
Among the items that were dealt with- Delegates supported improvements to the ARC program to limit differences in neighboring counties. Changes in the farm bill to support dairy and cotton farmers are also recommended.
The Farm Bureau continues to support conservation compliance for federal crop insurance benefits, but left options open to change that position if challenges remain with the way conservation programs are implemented.
Click or tap here to read more about the delegates and a few of the policies that they endorsed.
|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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