|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 or tap 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 here for the report
posted Friday afternoon, January 10th.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, January 13, 2020
| Featured Story: Deadline for Reporting 2019 Farm Acres to FSA is This Wednesday, January 15
If you haven't reported your 2019 acres yet to your local Farm Service Agency office, the deadline is Wednesday, January 15.
Scott Biggs, State Executive Director for the USDA Oklahoma Farm Service Agency, says it's essential that all farmers get those acres reported by the January 15 deadline, "We finished up MFP. There's been a lot of focus in Oklahoma getting that program out the door. The third round of payments are coming. But right now, we have the January 15 acreage reporting deadline is upon us. We got a lot of producers and haven't had a chance to come in the office yet and record their acres, but that deadline is January 15, and you can call make an appointment at a local office, and they'll get you in as quick as we can."
As long as farmers make that appointment, Biggs says they will make every effort to get those acres reported, which will allow farmers to be eligible for programs. The ARC/PLP program has a deadline coming up in March. Still, Biggs says reporting the acres now is essential for that program as well, "Yes, the eligible acres, acres reporting, we have to have this acreage reporting done to make you eligible for other programs that are coming."
Click or tap here to hear our visit with Scott on the sidelines of the Oklahoma Grain Sorghum Growers meeting in Enid on Friday.
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The USDA released their 2020 Winter Wheat and Canola Seedings report on Friday- and Winter wheat Planted area for harvest in 2020 is estimated at 30.8 million acres, down one percent from 2019 and down five percent from 2018. This represents the second lowest UnitedStates acreage on record.
While the southern Plains Hard Red Wheat plantings were even with 2019- the overall Hard Red Winter wheat seeded area is expected to total 21.8million acres, down 3percent from 2019. Planted acreage is down from last year north of Kansas-Oklahoma-Texas. The largest increases in planted acreage are estimated in Texas while the largest decreases are estimated in Colorado and Montana. Record low acreage was seeded in Nebraska and Utah.
In the case of the Oklahoma HRW plantings- the 2020 planting total is 4.2 million acres, even with the 2019 planting total. Likewise, Kansas farmers report planting 6.9 million acres- the same number as reported a year ago for the 2019 crop. Texas wheat plantings jumped nine percent up from both 2019 and 2018 at 4.9 million acres.
You can review the complete report from the USDA, by clicking or tapping here.
A lot of folks are looking ahead to the 31st of January. That's when USDA will release the Semi-Annual Cattle Inventory Report.
Katelyn McCullock is the Director of the Livestock Market Information Center based out of Denver. She says that that report likely to show a smaller U.S. beef cow herd compared to a year ago, "Well, we've been looking at the slaughter data all year. And that would suggest that on January one, we should expect a smaller beef cow herd than last year. Now, if you look at federally inspected beef cow slaughter, we spent quite a few weeks in late 2019 over 70,000 head a week. But over the year beef cow slaughter is up about 5%. When we look at what beef heifer slaughter has done, that was up about 6.7%. That means likely two things; that there's not going to be as many beef cows available, but we also don't have as many replacements available.
"LMIC right now is penciling a number down about point 7% for the beef cow herd, so probably under 1% not quite 1% below a year ago, but somewhere in between half a percent down to one full percent, and then that beef heifer replacement number, we would also expect to see another significant decline this year. Probably somewhere in the neighborhood of 3 to 4%, below a year ago. The other adjustment we're thinking about making, and are expecting maybe in the January one report; the calf crop to be revised slightly lower based on the storms that affected calving, so we faded that July one calf crop figure down half a percent for the January one number.
"I would also note that culling beef cows have been much more aggressive in some areas than others. Poor calf prices, poor winter feed quality, specifically hay in some areas, could also be contributing factors. So it's probably not affecting the country all the same, but when you look at the aggregate. Those are the numbers we're looking at."
You can listen to the entire conversation between McCullock and I on Friday's Beef Buzz - here.
USDA has released their annual Crop Production numbers for 2019- and offered a larger US Corn Crop final number than what the trade expected. Despite those bigger numbers- corn and other ag futures all closed higher on Friday.
Here are the major crops detailed in this report:
Corn for grain production in 2019 was estimated at 13.7 billion bushels, down 5 percent from the revised 2018 estimate. The average yield in the United States was estimated at 168.0 bushels per acre, 8.4 bushels below the 2018 yield of 176.4 bushels per acre. Area harvested for grain was estimated at 81.5 million acres, up less than 1 percent from the revised 2018 estimate.
Sorghum: Grain production in 2019 was estimated at 341 million bushels, down 6 percent from the 2018 total. Planted area for 2019 was estimated at a record low 5.27 million acres, down 7 percent from the previous year. Area harvested for grain, at 4.68 million acres, was down 8 percent from 2018. Grain yield was estimated at 73.0 bushels per acre, up 0.9 bushel from 2018.
Click here to read more about the final numbers for 2019 crop production.
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2019 Tulsa City Farm Show.
Up next will be the Oklahoma City's premier spring agricultural and ranching event with returns to the State Fair Park April 23-24-25, 2020.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2020 Oklahoma City Farm Show. To learn more about the Oklahoma City Farm Show, click here.
The following analysis of feedlot returns has been prepared by Dr. Michael Langemeier, an Ag Economist for the Center for Commercial Agriculture at Purdue University:
Fed cattle prices have increased dramatically in the last several weeks. In September, fed cattle prices for steers in Kansas averaged $101.23 per cwt. At the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices had a large impact on cattle finishing profitability in the fourth quarter of 2019. Moreover, fed cattle prices are predicted to remain strong through at least the second quarter of 2020.
Feeding Cost of Gain
Feeding cost of gain averaged $78.10 per cwt. in 2018 ranging from a low of $74.87 in May to a high of $80.31 in December. During the first 10 months of 2019, feeding cost of gain ranged from $81.61 in October to $91.67 in March, and averaged $84.64. Given current corn and alfalfa price projections, feeding cost of gain is expected to range from $80 to $83 for the first six months of 2020. Feeding cost of gain is sensitive to changes in feed conversions, corn prices, and alfalfa prices. Regression analysis was used to examine the relationship between feeding cost of gain, and feed conversion, corn prices, and alfalfa prices. Results are as follows: each 0.10 increase in feed conversion increases feeding cost of gain by $1.43 per cwt., each $0.10 per bushel increase in corn prices increases feeding cost of gain by $0.87 per cwt., and each $5 per ton increase in alfalfa prices increases feeding cost of gain by $0.55 per cwt.
You can read more about the 2020 outlook for feedlots, by jumping over to our website.
The AFR/OFU Women's Cooperative has launched a
mentorship program aimed at collegiate women.
The AFR/OFU Collegiate Women's Mentorship Program \will pair ambitious young professionals with a
Women's Cooperative councilwoman for one-on-one professional development. All female college students
attending an Oklahoma university are encouraged to apply.
AFR/OFU Women's Cooperative councilwomen are a
diverse group of community leaders and businesswomen
with varied backgrounds, occupations and experiences.
Through the new mentorship program, council
members hope to share their professional expertise
and philanthropic experience with the next generation
of career driven professionals.
"The AFR/OFU Women's Cooperative is passionate
about providing learning opportunities to career?
driven young women," said AFR/OFU Membership
Involvement and Event Coordinator Haley Stark.
"We hope this collegiate mentorship program will
inspire students to get involved, while gaining
professional development skills they can use
toward academic and career goals."
You can read more about the mentorship program
from AFR/OFU, by clicking or tapping here.
Our first Podcast in the Road to Rural Prosperity series featured the 17th Lt Governor of Oklahoma, Matt Pinnell. Matt is a not a farm kid- but in his campaigning to be our Lt. Governor he "got it" when it came to the value of rural Oklahoma and leadership development that 4-H and FFA deliver to our youth.
We talked about that- we talked about the value of the Route 66 brand to rural areas from the north east corner of Oklahoma to the west central Oklahoma-Texas border- and we talked about the opportunities to enhance the Agritourism efforts in our state.
I think you will enjoy the conversation- take a listen by clicking or tapping here.
AND- click here for the other 14 episodes we have released to date- all are conversations that remain relevant here in the new year- allowing you to learn more about all of these shakers and movers in the Oklahoma community- and what is being done to establish the Top Ten mentality across Oklahoma.
|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, Oklahoma Ag Mediation Program, Inc., 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.
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