Jan 23
The USDA Natural Resources Conservation Service (NRCS) in Oklahoma is announcing the fiscal year 2023 signup period for Conservation Incentive Contracts (CIC), a new option available through the Environmental Quality Incentives Program (EQIP). Oklahoma producers should apply by February 24 to be considered for funding in fiscal year 2023. The Environmental Quality Incentives Program (EQIP) …
Jan 23
Farming is a uniquely stressful occupation, and farmer mental-health needs tend to be underserved, said Loganville, WI dairy farmer Randy Roecker in the latest Dairy Defined podcast. Roecker, a board member for Foremost Farms USA, is a co-founder of the Farmer Angel Network, a Wisconsin organization that helps support farmers’ mental health needs. “A lot …
Jan 23
To kick off 2023, 75 current and former state FFA Officers visited Costa Rica to learn about the various types of agriculture in the country. State officers traveled the country experiencing CATIE, the Tropical Agricultural Research and Higher Education Center; the Tibas Farmers Market; La Paz Waterfall Gardens; a palmito plantation; pineapple plantation; wildlife reserve …
Jan 23
Mon, 23 Jan 2023 05:15:10 CST
For the fourth month in a row- feedlot inventories fell in the January first USDA Cattle on Feed Report. Oklahoma Farm Report’s Ron Hays talked with OSU Extension Livestock Market Economist Dr. Derrell Peel about the numbers, all of which were under year ago levels.
USDA’s on feed number as of January first was 97% of a year ago, the Decmber placements were 92% of a year ago and marketings were 94% of one year ago. Peel says that all of these numbers were very close to average pre report expectations.
Peel tells Hays “Last month I might have mentioned the December one inventory had an unusual month to month decrease that suggests that maybe November was an early seasonal peak in the feedlot inventories- normally we are peaking anywhere from January to March or April and it was at a lot lower level than a year ago. This January number is slightly above than the December level but not very much so it does suggest that we are putting in an earlier seasonal peak in these numbers- and that they are going to go on down from here- we simply don’t have the cattle to support larger feedlot inventories in the forseeable future.”
Peel also believes that the leverage that was controlled by the packers during the 2020 COVID has moved back up the pipeline- feedlot operators have had the ability to demand higher prices in recent months but that leverage is going to further slide all the way back to the primary production level- and that is the cow calf level. “the shortage of cattle will be reflected in calf prices and then everyone above them will is a margin operator and the margin operators are all gonna feel the squeeze.”
Peel reminds us that this is a quarterly report- so it gives us a breakdown in steers and heifers on feed. “we did see a slight decrease in the number of heifers on feed- that’s the first time in sixth quarters that we have had a year over year decrease of heifers on feed.” He believes that suggests that we are getting close to ending the worse of the liquidation of heifers available for our beef cattle herds.
Click here for the complete Cattle on Feed report from USDA released on Friday, January 20, 2023.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Ag Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes with Derrell Peel on Cattle on Feed Released January 20
Jan 22
U.S. Wheat Associates (USW) is pleased to help share the positive stories about how U.S. farmers, ranchers and fisheries are producing excellent quality, delicious food for the world in highly sustainable ways. In fact, U.S. wheat farm families are featured in several video stories created by USDA and U.S. trade associations as part of a …
Jan 20
The Senate has completed filing bills for the First Session of the 59th Legislature. The deadline was Thursday, Jan. 19. A total of 1,116 Senate Bills and 18 Senate Joint Resolutions were filed. The Thursday deadline did not apply to appropriations bills, which can be filed throughout the session. Senate rules also allow for bills …
Jan 20
The U.S. Department of Agriculture (USDA) reminds specialty crop producers of available assistance to help cover certain costs of complying with regulatory and market-driven food safety certification requirements. Applications for the Food Safety Certification for Specialty Crops (FSCSC) program for eligible 2022 costs are due by Jan. 31, 2023. USDA’s Farm Service Agency (FSA) will …
Jan 20
State Rep. Andy Fugate, D-Del City, announced the release of two education bills to restore balance to the state Board of Education and to preserve religious freedom for private school students. Fugate’s bill HB 1903 expands the State Board of Education to include members with required educational experience and expertise and broader perspectives, something lacking …
