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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 444 cattle on their showlist for the Wednesday,
September 11th sale of finished cattle- details will be available after noon today by clicking here.
Steer and heifer calves sold 1.00 - 3.00 higher on limited comparable sales Tuesday compared to last week at OKC West
- click or tap here
for a look at the September 11th sale results.
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, September 12, 2018
Wheat Planting Gets Underway in Oklahoma, According to Crop Progress Report, with 2% Complete
he 2018 corn and soybean harvest season reached the Southern Plains at the beginning of this month with above average quality ratings. Harvest continues to progress this week with the latest advancements noted in the USDA Crop Progress report for the week ending on September 9th, released a day late due to technical difficulties on Tuesday, September 11, 2018. The results from this report show both corn and soybean crop ratings steady with only marginal changes compared to the previous week.
Click or tap here to review the highlights from the latest USDA Crop Progress report, released yesterday.
In Oklahoma, corn harvest is officially underway with 15% of the crop completed so far, while sorghum harvested has doubled in the past week from 4% up to 8% complete, on par with the average and just under last year's pace of 9%. Wheat planted in Oklahoma is on the board this week, too, at 2%, even with the five-year average and ahead of last year by 1 point- click here to review the complete Oklahoma Crop Progress Numbers.
According to this week's Kansas Crop Progress report- the 2019 winter wheat planted was 3%, equal to both last year and for the five-year average with corn harvested at 9%, equal to last year, and near 8% the average- click or tap here to check out the entire report on Kansas crop conditions as of September second.
In Texas- winter wheat seeding continued in the Plains, the Cross Timbers and the Edwards Plateau. Meanwhile, some farmers began seeding small grains in the Blacklands, but most were still preparing fields. The corn harvest is now 63% complete in the state while grain sorghum harvest is remains at just two thirds complete- cotton harvest is active in much of the southern districts up to and including the Blacklands, denoted at 18% complete statewide. Click or tap here to read the latest Texas Crop report released this week.
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|Happening Today- USDA Crop Production Report at 11 and Ag Secretary Sonny Speaks to AFR and NFU
Grain Market Traders are bracing for the U.S. Department of Agriculture's monthly supply and demand report due THIS MORNING at 11am CST. They expect the agency to place U.S. soybean yield at a record 52.2 bushels per acre and U.S. ending stocks at a burdensome 830 million bushels, above last month's 785 million.
Analysts expect USDA to show U.S. corn yields at 177.8 bushels per acre, below its August estimate of 178.4, but still higher than last year's record. U.S. ending stocks are seen falling slightly to 1.639 billion bushels from last month's 1.684 billion. (all this per Allendale)
Meanwhile, we will get USDA's take on the size of the 2018 Cotton crop- and for Oklahoma- we will see how many acres might be abandoned and will not be harvested later this fall.
ALL of the USDA info will be released at 11 AM Central.
Before that- the fall fly in of the National Farmers Union will be at USDA- and will get the latest words from USDA Secretary Sonny Perdue. That will include the folks at the American Farmers & Ranchers- the Oklahoma state affiliate of the NFU.
AFR President Terry Detrick continues to do his farewell tour- as he will not seek reelection at their annual meeting this coming February-
In DC- our colleague Sam Knipp is along for the ride- and will give us an overview of what is on the mind of Secretary Sonny later this morning
Besides Perdue- the group will hear from several other speakers this morning- including:
- Gregory Ibach, Under Secretary, Marketing and Regulatory Programs, U.S. Department of Agriculture
- Jamie Clover Adams, Chief of Staff, Farm Production and Conservation, U.S. Department of Agriculture
- Gregg Doud, Chief Agriculture Negotiator, U.S. Trade Representative
- Anne Hazlett, Assistant to the Secretary for Rural Development, U.S. Department of Agriculture
NCBA's Colin Woodall Races Against Clock to Tie-up Legislative Priorities as Fall Deadlines Approach
As Congress continues to try to wrap up all its appropriations measures between now and the end of the month which is the end of the government's fiscal year, chief lobbyist for the National Cattlemen's Beef Association, Colin Woodall, says there is a couple of issues within the appropriations bill that his organization remains interested in. The first of which has to do with electronic logging devices, or ELDs, which essentially limits the amount of time and distance truckers can travel each day. It is a measure that could potentially have significant, yet unintended consequences for those carrying live animals.
"Right now, the livestock haulers are exempt from ELD implementation thanks to language we have in the FY18 Appropriations bill," Woodall explained. "The good news is that in both the House and Senate versions of the FY19 bills, that exemption has been extended for another year. So, whether we complete the bills or if we actually do a continuing resolution, regardless we will see an additional year added to our ELD exemption."
In addition, Woodall says the NCBA has a lot more riding on that bill. For instance, if passed the way he hopes, the included language in this bill would also place the regulatory authority over "fake meat" products under the jurisdiction of the US Department of Agriculture and effectively evening the playing field between the marketing and inspection protocols of traditional beef products and lab-grown protein. The September 30th deadline also marks the end of the current Farm Bill. Woodall, though, remains optimistic that the new bill that is still being drafted, will be completed by that deadline- assuming the two major controversies (SNAP work requirements and the combination of the conservation titles) are resolved in a timely fashion.
One other opportunity that NCBA hopes to take advantage of is the prospect of modernizing the burdensome and outdated Endangered Species Act. This is one measure that is not as time sensitive as the other priorities, but Woodall says he would like to see it happen before the current Congress is completed so the next one can start fresh without this contentious matter on their plate.
"ESA modernization is still one of these efforts that we're really excited about, because again, this is really a once in a career opportunity to address the Endangered Species Act and everything seems to be aligning to allow us to do that," he said. "Right now, our effort is focused on finding a Democratic co-sponsor. We are still working to make that happen. So, once we find that co-sponsor, I think we will see much more effort complete this.
Listen to Woodall outline the NCBA's legislative priorities for this fall, on our latest Beef Buzz - click here.
Claims Mandatory COOL Was Reason for Record Cattle Prices in 2014-15 Totally Baseless
The independent livestock group known as R-CALF USA has made claim that mandatory country of origin labeling or COOL, was responsible for the spike in beef prices between 2013 - 2015. However, a look back at fundamentals of the cattle business tell a totally different story.
We took notice of the comment made by R-CALF member Mike Schultz of Kansas and did a little investigating into his theory that "Product of the USA" is the new metaphorical cash cow. In fact, we enlisted the expertise of OSU Extension Livestock Market Economist Dr. Derrell Peel as well.
Peel says this was perhaps the most unique period in U.S. cattle and beef supply and that market fundamentals completely explain cattle prices in recent years. Peel put it bluntly stating in reply to our inquiry that "the presence of COOL had no measurable impact on the record prices in 2014/2015 and the absence of COOL had no measurable impact on the declines from record levels."
Schultz is the chairman of the R-Calf COOL Committee- the organization continues to demand the Trump Administration to issue an Executive Order to reestablish mandatory COOL. Click here to jump to our original article on our website to continue reading and learn, according to Peel's explanation, why Schultz's claims regarding COOL's influence on the cattle markets are in fact baseless.
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AgResource Company President Dan Basse, provided a bit of clarity and foresight on the inherent ambiguity of commodity market, at the Certified Angus Beef Feeding Quality Forum last week in Sioux City, Iowa.
In a chaotic political climate that leaves much up in the air for trade policy, Basse offered comfort sharing his belief that the markets will endure heightened financial risk and volatility, given the consistent global demand for agricultural products. However, Basse agrees that the coming months are concerning as international trade disputes have injected a fair dose of uncertainty into the mix. Among the many factors that might influence the long-term outcome, Basse says one common denominator is the role Asia will play- insisting that Gregg Doud (chief agricultural negotiator for the U.S. Trade Representative Office) is looking at China and India as the two linchpins of U.S. agricultural policy going forward.
While all of American agriculture would benefit from a deal with China right now, Basse asserts that US beef producers in particular, need their own export deal with China if "they hope to take the market's bull by the horns."
"Beef demand has been good, export demand has been outstanding, but I really need the Trump administration to lock down this Chinese demand," Basse said. "If we don't have that Chinese demand, I can't really sustain the bull market in agriculture as we see it today."
Furthermore, he predicted fed-cattle harvest to drop dramatically into October, driving the cash market to perhaps $120 per cwt. by the first week of November. Packer margins as high as $360 per head earlier in 2018 drove at-capacity harvest much of the year, moving cattle through the system and creating record beef stocks through July's end. Even with world meat production at a record high, Basse sees U.S. cattle herd expansion continuing into 2019, although prices will peak early in the year.
For more of Basse's outlook on the current challenges of today's beef marketplace, click here.
President of Angus Genetics Incorporated, Dan Moser, recently outlined his take on how cattle should be bred and raised to fit not only their environment, but their intended market as well, in a short video shared by the folks at Certified Angus Beef.
According to him, it is not an either/or situation and neither of those aspects should be emphasized over the other. Moser says it is a producer's responsibility to collect data and buy bulls or making genetic selection decisions- taking all available information into account- to find animals with favorable combinations that meet their herd goals.
"There was a time where all calves that were the same color and the same weight brought the same amount. Now we are seeing more emphasis on sort of specification feeder cattle and documenting those differences," he said. "Producers are reaping reward for having cattle that have more gain potential, more marbling potential, but sometimes that has an impact on the cow herd that produces those."
Keep reading or watch Moser expound on that thought in a short video clip shared with us by the folks at CAB, by jumping over to our website.
| National Dairy Council Now Accepting Entries for Its 2019 New Product Innovation Competition
The National Dairy Council New Product Competition seeks the next dairy product from college students across the United States and Canada. The eighth annual competition is for students to develop a dairy or dairy-based product to "satisfy consumers' desire for performance nutrition."
A judging panel consisting of experts from across the dairy industry will award $16,000 in cash prizes, with an $8,000 first place prize. Winning teams will be recognized at the American Dairy Science Association's annual meeting in June.
With the announcement, the Council offered some insights, saying research suggests that 75 percent of U.S. adults are current or potential consumers for sports and nutrition food and beverages, and that looking or feeling good, maintaining and improving strength and losing or maintaining weight are among the top motivators across gender and age groups.
The deadline for submissions is January 14th. For more information, click here.
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