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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!
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.
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:
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, August 23, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
A little more than a month ago, Rosslyn Biggs, DVM took on the role as the new director of continuing education and beef cattle extension specialist at Oklahoma State University's Center for Veterinary Health Services. She comes to the
center with 14 years of veterinary experience in large animal practice and public service. Dr. Biggs told me in an interview, that approximately 50% of her appointment is as Extension Beef Cattle Specialist. This is first time in several years that this veterinary
extension role has been filled at OSU.
In the role she accepted back on July 19th, Biggs will work closely with extension specialists in the Oklahoma Cooperative Extension Service and with the center's Department of Veterinary Clinical Sciences providing oversight for the quality, effectiveness
and progress of their missions of continuing education and extension. Prior to joining OSU Biggs worked as assistant veterinarian in charge at the U.S. Department of Agriculture Animal and Plant Health Inspection Service Veterinary Services in Oklahoma City.
Dr. Biggs and I talked about the unique challenge she has taken on that straddles the OSU Center for Veterinary Health Sciences with the Division of Agriculture and Natural Resources- in other words- the OSU Vet School and the OSU Extension Service. We
talked about her new role, as well as several trending topics impacting food animals and the equine industry today. Dr. Biggs offered her insights on the evolving conversation over cattle traceability- and the direction that USDA wants to take the beef industry
when it comes to electronic ear tags.
Click
or tap here to listen to the whole conversation between Biggs and I regarding her new position with OSU.
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Sponsor Spotlight
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here, John Deere starts with P&K.
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ProFarmer Midwest Crop Tour Wraps Up and Crowns Iowa as King Corn for 2019
East and West met last night in Rochester, Minnesota as the ProFarmer Midwest Crop Tour called it done- and we have the final two states that this tour offers state predictions on- Minnesota and Iowa.
Meghan Vick with Pro Farmer tweeted out the Iowa estimates from the Tour Scouts: "Iowa
#PFTour19 Results: Corn: 182.83 bpa (vs. 188.20 bpa last year & 185.39 bpa 3-yr. avg.) Soybeans: 1106.91 pods in 3'x3' plots (vs. 1,208.99 pods last year & 1175.40 pods 3-yr. avg.)
Karen Braun with Reuters offers the Minnesota estimate: Minnesota
#corn yield comes in at 170.37 bu/acre, down 5% from last year's tour & down 8% from the 3yr avg. USDA's forecast is down 5% YOY. Pod counts for
#soybeans at 965.31, down 12% from last year's tour & down 10% from the 3yr avg. USDA's estimate is down 9% YOY.
So with these reports- the 2019 tour is complete- ProFarmer will be offering a national corn and soybean crop estimate this afternoon at 1:30 PM- they emphasize that the Tour results are just one piece of the overall puzzle that they will be noodling as they
put their number out of a hat (actually a seed company cap).
I liked what one crop scout offered in the form of a tweet from last night- he may be about as close to being correct as anyone- "So after all of the results are in from the
#pftour19, every state was down compared to USDA anticipated yields. On top of that we have a lot of uncertainty from the crop due to maturity and weather ahead. So it looks like our yields for corn should be 164
and soybeans 46."
The next time USDA gets to take center stage on these numbers is September 12th.
BY THE WAY- our farm broadcast colleague Todd Gleason of Illinois offered this graph on Twitter last night of all the states that ProFarmer surveyed- and added in the USDA August numbers- a handy dandy way to see it all:
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A federal court says the 2015 Waters of the United States rule is unlawful under the Clean Water Act because of its "vast expansion of jurisdiction over waters and land traditionally within the states' regulatory authority." The court for the Southern District
of Georgia found the agency overstepped not just the CWA, but also the Administrative Procedure Act, which lays out the most basic rules governing how agencies may propose and establish federal regulations. The Georgia court kept in place a preliminary
injunction preventing the rule from becoming effective in the 11 states involved with the lawsuit while the Environmental Protection Agency finalizes its own repeal and replacement of the 2015 rule.
The ruling was a victory not just for the plaintiff states, but a broad coalition of more than a dozen private sector groups, including the American Farm Bureau Federation.
"The court ruling is clear affirmation of exactly what we have been saying for the past five years," AFBF General Counsel Ellen Steen said. "The EPA badly misread Supreme Court precedent. It encroached on the traditional
powers of the states and simply ignored basic principles of the Administrative Procedure Act when it issued this unlawful regulation. The court found fault with the EPA's interpretation of some of the most basic principles of the CWA, most importantly which
waters the federal government may regulate, and which waters must be left to states and municipalities."
Jurists repeatedly criticized the EPA's handling of the rulemaking, in particular its interpretation of the Supreme Court's "Rapanos" decision, which laid out guidelines for determining where federal jurisdiction begins and ends.
You can read more about the ruling against WOTUS,
by clicking or tapping here.
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Scattered Rain Showers This Week and Next Expected to Slow Expanding Flash Drought Across Oklahoma
As Oklahoma's flash drought continues to intensify across the state, especially across the western and central portions of the state, rainfall today and through the weekend and even into next week, is expected to help alleviate some of that pressure. Check
out the map below...
As you can see, 11.87% of the state is currently in "Severe" drought, up roughly 5% from the previous week and the highest amount seen in Oklahoma since September 4th of last year. Meanwhile, a quarter of the state is under "Moderate" drought and approximately
50% categorized as "Abnormally Dry."
For a closer look at this week's Drought Monitor Map or to review the latest Mesonet Ticker newsletter from
State Climatologist Gary McManus, click
here.
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Sponsor Spotlight
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long-term fixed rates or short-term loans for running your agricultural operation.
With 17 locations serving 60 counties, we're locals, too. Find
an office near you to talk to a lender who understands agriculture. Financing rural Oklahoma. Equal housing lender, NMLSR ID# 809962. Call us today at 866-245-3633 or go to
www.okagcredit.com.
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The American Angus Association has had a lot on its plate recently, according to the organization's president and Oklahoma Angus breeder, John Pfeiffer. In a recent interview with me, Pfeiffer talked about the
recent rollout of the association's new EPD indexes that were developed using genomically enhanced EPD calculations.
"We released our update $Beef, our $Maternal Index and then eventually we will have a $C Index that will be release next year in May," Pfeiffer reported. "We decided rather than release them all at the same time, we were going to spend a year educating
people how this index is calculated, what all is in it and so we're in the process of educating people so they can better understand it."
Pfeiffer says the association's purebred stakeholders will continue to find these updated EPDs useful, but says the commercial cattleman will especially find value in them - particularly in regard to the $C index which he says factors in and consolidates
all the EPD information into one reference. Each of the new indexes though can be used for specific purposes depending on a producer's particular interest or goals.
You can listen to the entire conversation between Pfeiffer and I on Thursday's Beef Buzz -
here.
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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 further drop in corn and wheat prices, and the price
spread is so wide from soft red winter wheat to hard red winter wheat.
"You normally have a spread, plus or minus $.20/bu, most of the time hard red winter wheat is a premium to soft wheat," Anderson said. "Right now, soft red winter wheat is a premium to hard wheat. If you look at the September contracts, you have a $.70/bu
spread, that's well above that normal. And in the December contracts its $.68/bu."
Anderson says the stocks to use ratio, which is calculated by how much we used divided by the ending stocks, hard red winter wheat is projected to be at 50%. At the end of this marketing year, we will have 50% of the wheat we need for next year, while
soft red winter wheat is only 39%. So, the supply and demand of soft wheat is in a much better position than hard wheat, he added.
You can watch his visit tomorrow or Sunday on SUNUP - but you can hear Kim's comments right now and see what else is on the lineup for this week's episode, by
clicking here.
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Elanco Animal Health Incorporated announced yesterday it has entered into an agreement with Bayer AG to acquire its animal health business in a transaction valued at US$7.6 billion. The transaction, which is subject to regulatory approval and other customary
closing conditions, creates the second largest animal health leader while strengthening and accelerating the company's proven Innovation, Portfolio and Productivity (IPP) strategy.
"In our first four quarters as an independent company, we have validated the significant value creation potential from a dedicated focus on animal health and a targeted strategy," said Jeffrey N. Simmons, president and chief
executive officer of Elanco. "Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, transforms our portfolio with the addition of well-known pet brands, brings an increased presence in key emerging markets, expands innovation,
and accelerates our margin expansion journey. The move combines our long-standing focus on the veterinarian while meeting pet owners' changing expectation of pet care and access to products."
Bayer AG's chief executive officer, Werner Baumann, added: "Our Animal Health business is among the pioneers of this sector, having built up an attractive portfolio and secured well-established market positions in the companion
and farm animal segments. And now, the combination with Elanco will give rise to a leading competitor in the animal health industry, benefiting customers, employees and shareholders alike."
You can read more about the agreement between Elanco and Bayer AG,
by clicking or tapping here.
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AND FINALLY- US Senator Jim Inhofe is Not Impressed with What He Calls Big Corn
We have not covered in detail the meltdown that is underway in the midwest over the decision by EPA to grant 31 small refinery waivers under the Renewable Fuel Standard rules- ethanol supporters are beside themselves.
Growth Energy has issued multiple news releases in the last week decrying the waivers and demanding relief from the White House-
Emily Skor with Growth Energy(she is the CEO that replaced one of the founding fathers of Growth energy-
Tom Buis- who left National Farmers Union to help establish Growth Energy) issued
a statement earlier this week that spoke of President Trump saying he may have been misled about the impact of the waivers-
Well- our senior Senator in Oklahoma is not buying what Emily and others are selling under what he calls the Big Corn lobby. Our daily energy email update, OkEnergy, is reporting this morning that
Senator Jim Inhofe has
this to say about that:
"The Big Corn lobby is pushing to increase the price of filling up our tanks. What they want won't even increase the demand of ethanol. Enough is enough. If POTUS wants to help ethanol expand its markets, he could give them credits to export. This will help
w/o burdening consumers."
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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!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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