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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.
Let's Check the Markets!
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and Feeders on Wednesday- Call 405-262-8800 to learn more.
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 here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Futures Wrap:
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 Kane Kinion, Web and Email Editorial Assistant
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, July 26, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
The sign-up period begins Monday for the next round of trade aid payments to farmers. The Department of Agriculture Thursday announced details of the Market Facilitation Program payments as part of a $16 billion trade aid package. USDA will begin mailing payments to producers in late August. County payment rates range from $15 to $150 per acre, depending on the impact of "unjustified trade retaliation" in that county.
Most payments for Corn Belt states average between $60 and $80 an acre. Meanwhile, producers who filed a prevented planting claim and planted an FSA-certified cover crop, with the potential to be harvested, qualify for a $15 per acre payment. Acres that were never planted in 2019 are not eligible.
As had been indicated ahead of this official release of details, each county will differ in the damage estimate. The minimum rate of $15/acre while the maximum payment of $150/acre. There are only 22 counties in the US that hit that maximum- five in Texas, Alabama and Georgia, three in Mississippi and Arizona and one in New Mexico. It appears that cotton is the crop that figures heavily into the higher losses. In Oklahoma, the highest dollar loss calculated by USDA happened in Jackson County, with the loss set at $115 per acre. Atoka County is a surprising second in Oklahoma when it comes to payment rates at $85 per acre.
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Farm groups welcomed the Market Facilitation Program payments announced Thursday but urge the Trump administration to restore trade markets quickly. With a depressed farm economy, and agitated global trade stemming from President Trump's trade agenda, farm groups say U.S. agriculture desperately needs help. However, farmers would rather receive help through fair and free trade, not a government check.
American Farm Bureau Federation President Zippy Duvall says U.S. farmers are "grateful for the continuing support," but says its "critically important to restore agricultural markets."
National Sorghum Producers Chairman Dan Atkisson says, "farmers need all the support they can get," but calls for "meaningful dialogues that lead to long-term solutions" with China.
National Association of Wheat Growers President Ben Scholz says, "MFP payments will provide necessary assistance," but says its "a band-aid when we really need a long-term fix."
National Corn Growers Association President Lynn Crisp says, "we welcome USDA's quick rollout of MFP 2.0 and the Department's creative efforts to reorient MFP to better reflect market impacts and support American farmers."
Plains Cotton Growers President Stacy Smith says, "We greatly appreciate Secretary Perdue, the USDA, and the Trump Administration for honoring their commitment to U.S. farmers and helping keep us in business as we work toward longer-term trade agreements that are fair, free, and open."
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On this week's episode of SUNUP, host Kurtis Hair and Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson discuss the uncertainty in the corn market caused by the planted acres survey that the USDA released in late June and how it is impacting the wheat market.
Anderson says corn market uncertainty is affecting wheat prices, but in a positive way. Wheat is currently priced near $4.20/bu. while corn is closer to $4.30/bu. Feed mills and feedlots are now reportedly using wheat instead of corn, which Anderson says is helping raise the price of wheat.
Uncertainty is also prevalent the soybean market as well. USDA estimates there are 80 million acres planted of soybeans, while the market had expected significantly more than that. However, the USDA is conducting a survey this month to re-estimate the soybean and corn planted acres, the results of which will be released August 12th. Anderson says uncertainty in the markets will likely continue until the survey is released.
You can listen to Kim's full comments on SUNUP tomorrow or Sunday, but you can hear them now and see what else is on the lineup for this weekend's episode by clicking here.
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First Signs of Dryness Creeping Into the State's Southwest Corner, Likely to Spread in Weeks Ahead
Warm, sunny summer weather has finally ushered in some of the first signs of dryness in Oklahoma as "Abnormally Dry" conditions have started to creep into the southwestern corner of the state, according to this week's Drought Monitor.
As you can see from the map above, 5.67% of Oklahoma is currently under "Abnormally Dry" conditions. The remaining 94.33% is still uncategorized on the Drought scale as has been the case for a few months now.
With little to no chances of rainfall in the forecast, it is likely the dryness will spread in the coming weeks. Here's a look at the 8-14 precipitation forecast - which calls for below normal precipitation.
For a closer look at this week's Drought Monitor, click here.
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Chuck Coffey, a beef producer from Davis, Okla. is chairman of the Cattlemen's Beef Promotion Board, the body responsible for collecting and investing the dollar per head Beef Checkoff for the beef cattle industry. Coffey recently returned from a trade mission to Asia, where he visited with importers, restaurateurs and consumers in both Taiwan and Japan - two key export destinations for US beef. He sat down with me during the recent Oklahoma Cattlemen's Convention this past week in Norman, to talk about his experience on this trip. According to him, seeing first-hand how Beef Checkoff dollars are being used on cattle producers' behalf to promote and sell US beef was very gratifying.
"It was kind of a bucket list trip," Coffey remarked. "Being a cattle producer, you don't really realize all the ins and outs of the Checkoff. So, it really made me appreciate the value of the Checkoff and what we do - especially overseas."
The marketing Coffey describes, is a joint-effort between the National Beef Checkoff and US Meat Export Federation. Their combined efforts over time have yielded tremendous success, with US beef continuing to grow more and more popular among Asian consumers, as well as with other consumers around the globe. Japan alone is a market valued at $2 billion for the US beef industry. That is roughly where we were just a few years ago in 2003 when a case of BSE in the US cow herd effectively closed Japan's doors to US beef. A little over a decade later, despite tariff barriers, essentially all that has been recouped. Taiwan is much smaller compared to Japan, though still far from insignificant. At about 25% the value of Japan's market, Taiwan is worth approximately $500 million to the US beef industry.
"They love US beef over there. In fact, in a lot of the stores, I'll see more prime cuts of beef than I do sometimes here in the US," he said. "The Export Federation and the Checkoff has done a great job in Taiwan. They're exponentially increasing in their amount of US beef intake there."
Hear Coffey talk more about his trade mission to Asia, on Thursday's Beef Buzz or click hereto read more about his trip.
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The National Pork Board says the U.S. is in a better position to defend against African swine fever. The one-year anniversary of AFS in China, August 3, also marks a year of preparation and border solidification in the United States. NPB President David Newman says the U.S. is in a better position, but notes "we can never be too prepared" with devastating diseasing like African swine fever.
Industry-wide collaboration, led by the Pork Checkoff, has helped North America develop improved biosecurity measures, and increased border inspections, to keep the disease out. Primary partners in the effort include the Department of Agriculture, the National Pork Producers Council, the North American Meat Institute, the American Association of Swine Veterinarians and the Swine Health Information Center. However, NPB stresses the ASF situation in China and other Asian countries "won't likely get better in the near term," implying the need for continued preparedness.
Data from China shows pork production fell 5.5 percent in the first half of this year because of ASF. Click here to read more from the Pork Checkoff about the industry's ongoing battle to bring ASF under.
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The South Central Region Conservation District Employees Association on July 22 presented their 2019 Distinguished Service Award to Trey Lam, Executive Director of the Oklahoma Conservation Commission. The award was presented during the 2019 South Central Region of the National Association of Conservation Districts (NACD) Meeting in Thackerville, Okla.
Lam, a long-time Garvin Conservation District board member and a former President of the Oklahoma Association of Conservation Districts, has served as executive director of the OCC since November 17, 2014. He also has 30-plus years' experience in operating his own farm near Pauls Valley, Okla.
Following in the footsteps of his father, who served on the Garvin District board for over 20 years, Lam, a graduate of Yale University, is a lifelong conservationist who has taken his knowledge of Oklahoma's land and agriculture to the national stage as Oklahoma's representative on the National Association of Conservation Districts' board.
You can read more from Lam's nomination letter for the Distinguished Service Award, by clicking or tapping here.
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Plains Grains Reports Kansas Joins the Ranks of One Hundred Percent Complete with 2019 Wheat Harvest
Three states have now finished 2019 wheat harvest- Oklahoma, Texas and Kansas. That's one of the conclusions from the latest Plains Grains Harvest Report issued Thursday evening.
According to the report from Mark Hodges of Plains Grains, "The 2019 HRW wheat harvest was delayed over the past weekend and into Monday due to rainstorms in NW Kansas/ southern Nebraska, and eastern Colorado. As a result, harvesting this week was limited to only 4 days in many locations north and west of central Kansas. Texas, Oklahoma and Kansas are now 100% complete with harvest, Colorado is 75% complete and Nebraska is 47% complete. Harvest will begin over the next few days in northwest Nebraska while early sporadic cutting continues in South Dakota.
"Harvest is now starting increase in coverage and pace in the Pacific Northwest with (Washington now 19% complete), Oregon (27% complete) and Idaho (8% complete)."
Click or tap here for more from Plains Grains and their quality testing of the 2019 crop.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, 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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