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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
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Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, October 8, 2018
While the new NAFTA, now named the United States-Mexico-Canada Agreement (USMCA) will accomplish some important objectives for U.S. agriculture once ratified, a new report from CoBank suggests there are some other equally important aspects the agreement failed to consider.
Although the agreement brings producers certainty, more market access and allows the White House to focus trade talks on fewer fronts, CoBank says it does not provide a pathway to eliminate existing retaliatory tariffs. Dan Kowalski, vice president of CoBank's Knowledge Exchange Division stated that for some sectors of the ag industry like dairy and pork, the deal only represents a return to the status quo. However, on the plus side, Kowalski expects the increased certainty to boost domestic and cross-border investment. He adds though that US agriculture will have much more to celebrate when those barriers are removed.
To read the full report, "From NAFTA to USMCA: Implications of the New U.S.-Mexico-Canada Trade Agreement for American Agribusiness," for a complete breakdown of the impacts of the new agreement on US agriculture by sector, click here.
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.
| Simmons Poultry Contractor Anthony Simpson Says Chicken Houses Having Positive Impact at Home
Anthony Simpson of Tahlequah, Okla. operates six large chicken houses under contract with the Arkansas-based company Simmons. Simpson spoke with us last week about his perspective on the growing contention between the poultry industry and the surrounding communities in northeast Oklahoma.
Simpson explained that Simmons is attempting to expand its poultry processing operation and as a result has been actively recruiting new contract growers in the area. This rise in production has caused neighboring residents to question the risks these new facilities pose to the environmental quality surrounding them and have started to complain about production related odor.
However, Simpson says Oklahoma has some of the most stringent laws and reporting regulations when it comes to the application and disposal of chicken litter, which he believes should ease people's minds about the environmental risks. In fact, Simpson says since adding chicken houses to his operation, there has actually been measurable improvements to the land surrounding his property. He insists, too, that the chicken houses have been of great benefit to him and his family's economic condition.
You can keep reading about Simpson's experience with chicken houses or listen to him describe his take on the situation, by clicking or tapping here.
The Oklahoma Dept. of Ag this past week, recognized Shelley McBride Lynch of Checotah, who owns 3F's Poultry and Rabbit Processing, LLC, as a Significant Woman in Oklahoma Agriculture. A native eastern Oklahoman, Lynch received a bachelor's degree in accounting from Connors State College in Warner and later on in 2011, she also obtained her bachelor's degree in organizational leadership from Northeastern State University in Tahlequah.
Several years ago, according to Lynch, she noticed a need for a custom poultry and rabbit processing plant. With an empty nest at the time, she had already begun raising rabbits with her daughter's retired show projects. She also wanted her family to have the option of working for themselves and staying on the farm. Lightening finally struck one day and the idea to start her own business was sparked. Although it took a while to accomplish, Lynch finally opened 3F's Poultry and Rabbit Processing, LLC three years later. It was then and remains the only Oklahoma licensed custom exempt facility for poultry and rabbits and as of last week, reached its latest milestone as a state inspected facility.
Today, Lynch raises 1,000 show and meat rabbits, about 1,200 laying hens and Cornish cross chickens, and 40 head of commercial cattle on the 3F's Feathers-n-Fur Farm each year. On the weekends, she runs the processing facility with her husband Lee and their family.
In the business world, it seems as though tax season is always just around the corner. The worst thing you can do when it does come time to file your taxes, is to be unprepared and unorganized. Waiting to the last minute is when critical errors often occur. Dan Childs is a senior agricultural economics consultant with the Nobel Research Institute and recently shared some of his expert advice on prepping for tax season, specifically for farm and ranch operations. Childs says with the new Tax Cuts and Jobs Act, signed by the president in 2017, now the law of the land- now is a good time to brush up on the new parameters of the US tax code.
"It will affect individuals and businesses in significant ways during its expected eight-year life. Some provisions are permanent, but many will expire Dec. 31, 2025," Childs says. "It will be prudent for each taxpayer and business owner to become somewhat familiar with how this legislation will impact their individual and business income and expense reporting."
Childs has broken out a few key highlights in his article that he says are of particular relevance for agricultural producers. These include a couple of provision changes in the corporate tax rate, the 199A deduction and the capital gains tax rate.
Many of these details will also be discussed at an upcoming seminar being hosted by the Noble Research Institute. Tax professionals will be available at the meeting to answer questions. The seminar will be held from 1-5 p.m. on Thursday, Nov. 29, 2018 at the Noble Research Institute's Kruse Auditorium. There is no registration fee to attend. Keep reading for Childs' advice on prepping for tax season this year and learn more about Noble's upcoming tax seminar, by clicking here.
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.
A new program recently launched by Alltech, dubbed Blueprint, is helping producers find ways to improve efficiencies and maximize genetic performance in their cattle. Blueprint is formulated to target animal health, performance and builds upon cattle's genetic potential at each stage of their life cycle. Dr. Butch Whitman, beef nutritionist for Hubbard Feeds (a division of Alltech), says Blueprint is the next step in improving beef cattle nutrition.
"Blueprint is all about when and how to best provide essential nutrients to our animals in order for them to fully realize their genetic potential for health and performance," Whitman said. "It's all about nutrition at the gene level."
Whitman says genes control important body functions like reproduction, milk production or immune response. Research has shown that when Blueprint minerals are fed to cows pre-calving, they show improved trace mineral status at birth, have fewer health problems and have significantly heavier weaning weights of their calves. Research has also shown the heifers on Blueprint reach puberty earlier, calving cows take fewer days to first estrus and breeding females have higher pregnancy rates at first estrus. In addition, weaned calves fed Blueprint have significantly lower incidents of respiratory illness and death loss and go on to have a higher rate of gain and feed efficiency when fed to finish- resulting in an increased hot carcass weight.
"The research behind Blueprint Nutrition is what really sets it apart," Whitman remarked. "Literally, from the mama cow to the feedlot, Blueprint delivers."
Listen to Whitman describe the benefits of Alltech's new Blueprint Nutrition program, on Friday's Beef Buzz - click here.
| New Deals: Mielke Named OKFB VP of Communication, Shackleford Joins OCA
One Farm Bureau veteran gets bumped up in the organization- and the state's cattle organization has added some new blood.
Although not new to Oklahoma Farm Bureau, Dustin Mielke, a 12-year veteran of the organization's communications department, has been selected to serve as vice president of communications and public relations.
In the position, Mielke will guide the communications efforts of Oklahoma's largest general farm organization in an effort to promote agriculture and OKFB's member-focused grassroots advocacy. During his time with the organization, Mielke has worked on a wide array of projects and efforts, including publications, photography, design, media relations and digital communications.
Originally from Conrad, Montana, Mielke earned his bachelor's degree in agricultural communications with a minor in agricultural economics from Oklahoma State University. You can learn more about Mielke, here.
The Oklahoma Cattlemen's Association also filled a vacancy in its staff last week, welcoming Taylor Shackelford, who will lead the Oklahoma Cattlemen's Foundation and association marketing.
Shackleford grew up on a Hereford and Club Calf operation in Prosper, Texas and prior to joining OCA worked for the USDA Farm Service Agency as a program technician in Waco, Texas.
"I am excited to have Taylor join our staff team. He brings enthusiasm, leadership and beef industry passion along with valuable policy experience," said Michael Kelsey, OCA Executive Vice President. Read more about Shackleford by clicking here.
|Huge Rains Help and Hurt in Central and Western Oklahoma- Little Help in Northeast Okla Drought Area
Heavy and hard rains have hit southwestern Oklahoma over the weekend into this morning. Here's the latest Mesonet map that offers a look at where the rain fell:
Northeastern Oklahoma was lighter on the rainfall- and the areas of moderate drought in eastern Osage County got some moisture- but not drought busting amounts.
Those areas hit hardest in southwestern Oklahoma had a moderate drought rating this past week- and while the rain was needed- it was not needed in large amounts and so hard so quick- Matt Muller farms in Jackson County and he offered some pics of his cotton fields- yesterday afternoon- he tells us his cotton was at the opening bolls stage- sixty to a hundred percent open- awful timing for quality of the fiber and the yield that may be harvested.
For the rest of central and western Oklahoma- west of I-35, the rains likely helped wheat and canola planted- although some areas got amounts that were heavy enough to force some replanting.
For wheat yet to be planted- specifically for grain only production- it will be a few days before the fields are dried out to allow the grain drills to roll.
Western Oklahoma has the best chances today for some additional showers.
|Our thanks to Midwest Farms Shows, P & K Equipment, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Pork Council, 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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