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!
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
Macey Mueller, E-mail and Web Writer
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Oklahoma's Latest Farm and Ranch News
Presented by 
Your Update from Ron Hays of RON
Tuesday, August 16, 2016
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:National and Regional Crop Progress Reports Continue to Look Good
The latest U.S. Department of Agriculture crop progress report rates 21 percent of the national corn crop in excellent condition, 53 percent in good condition, 19 percent fair and 7 percent percent poor to very poor. National soybean conditions include 17 percent excellent, 55 percent good, 21 percent fair and 7 percent poor to very poor. The national grain sorghum condition is 13 percent excellent, 52 percent good, 28 percent fair and 7 percent poor to very poor. National cotton conditions include 8 percent excellent, 40 percent good, 34 percent fair, 15 percent poor and 3 percent very poor. For the complete USDA Crop Progress report, click here.
In the weekly crop progress report from USDA, Oklahoma corn dough reached 58 percent, down 1 point from the previous year and down 19 points from normal. Corn dent reached 27 percent, up 3 points from the previous year but down 19 points from normal. Sorghum headed reached 78 percent, up 5 points from the previous year and up 13 points from normal. Sorghum coloring reached 36 percent, up 7 points from the previous year and up 6 points from normal. Soybeans blooming reached 60 percent, up 3 points from the previous year but down 7 points from normal. Soybeans setting pods reached 30 percent, down 4 points from the previous year but up 3 points from normal. Cotton setting bolls reached 51 percent, down 15 points from the previous year and down 8 points from normal. Cotton bolls opening reached 1 percent, unchanged from the previous year and unchanged from normal.
Click here for the full Oklahoma report.
Corn, sorghum and cotton harvest continued in areas of Texas this past week. Corn harvest was 38 percent complete, 5 points higher than last week but 2 points lower than normal. Mature corn reached 52 percent, 6 points lower than normal. Sorghum harvest was 45 percent complete, just 3 points higher than last week and 5 points below normal. Across the state, sorghum was 57 percent mature, which is 11 points lower than the five-year average. Soybeans were 74 percent setting pods, which is right on par with the 5-year average. Soybeans dropping leaves were at 33 percent, 20 points higher than normal. Cotton harvest was at 3 percent, 1 point higher than normal. Cotton bolls opened were at 15 percent, 2 points higher than the 5-year average.
Click here for the full Texas report.
In the weekly crop progress report from USDA, Kansas corn condition rated 1 percent very poor, 6 poor, 25 fair, 57 good, and 11 excellent. Corn dough was 78 percent, ahead of 72 last year, and near 75 average. Dented was 29 percent, near 27 last year and 32 average. Soybean condition rated 1 percent very poor, 6 poor, 30 fair, 55 good, and 8 excellent. Soybeans blooming was 88 percent, ahead of 83 last year, and near 86 average. Setting pods was 57 percent, equal to last year, and near 53 average. Sorghum condition rated 1 percent very poor, 3 poor, 23 fair, 59 good, and 14 excellent. Sorghum headed was 82 percent, ahead of 73 last year, and well ahead of 60 average. Coloring was 15 percent, near 13 last year, and ahead of 9 average.
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Sponsor Spotlight
The presenting sponsor of our daily email is the Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
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OSU Food Demand Survey for August Released - Shows Drop in Willingness to Pay for Steak
The August 2016 edition of the Food Demand Survey (FooDS) is now out - as released by Dr. Jayson Lusk and his team in the Ag Economics Department within the Division of Agriculture at Oklahoma State University. According to Dr. Lusk in his latest blog about the August survey -
"A few of the items from the regular tracking portion of the survey:
"After a spike up last month, willingness-to-pay (WTP) for steak fell 12%. WTP for other meat products remained relatively steady compared to last month.
"Awareness in the news of all items we track (but one) increased in August compared to July, and the largest percent increases in concern were cloning and hormones.
"Consumers anticipate lower prices for beef and indicate they plan to eat more beef and chicken this month compared to last.
"Consumer are spending slightly more at home and less away from home on food this month compared to last.Click here to read more about the August 2016 OSU Food Demand Survey and find a link to the complete survey results.
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US Wheat Associates Keeping American Wheat Competitive in Global Trade
There is a lot of change happening in world trade right now and organizations like the US Wheat Associates are working to ensure that American interests are being upheld. Associate Farm Director for Radio Oklahoma Network, Carson Horn, had the opportunity to speak to Alan Tracy, president of the US Wheat Associates, during the 2016 Oklahoma Wheat Review hosted by the Oklahoma Wheat Commission, about his message to wheat farmers across the country."The US continues to get some value out of our quality," Tracy said. "I know that's a hard message today when the farmers are looking at lower protein crops and big discounts, but it does make a difference in the long run - and it's going to change."Tracy outlined two threats facing the American wheat industry that he says his organization is working tirelessly to overcome. Fairly obvious, he says, is the growth in Russia, making it clear they are not going anywhere. "Last year, Russia was the world's largest exporter," Tracy said, "but they actually in terms of dollar value, were only fifth. It was really quite a remarkable point."In an effort to outmaneuver Russia's position in the marketplace, Tracy says the US Wheat Associates is shifting its resources away from the Middle East and towards Latin America and Asia where Russia doesn't reach. He says these regions are actually paying more there for our product.The other threat, Tracy says, is a little less obvious. He asserts the biggest trade distortion going on currently is coming, not from competitors, but from middle income developing countries. He says they are beginning to reach levels of wealth that allow them to utilize export subsidies. And they are using them in the most unfair ways Tracy says. To combat these unfair practices, the US Wheat Associates are working to foster studies to show the harm that it is causing through all levels of the industry.Listen to Tracy talk more about the US and global wheat markets.
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The True Cost of Hay - Getting the Most Out of Your Round Bales
Each week, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. This week, Dr. Peel revisits his topic from last week, to delve deeper into the concept of maintaining profit margins through better forage and grazing practices.
The best cow-calf operations in many cases are those that utilize grazed forage most efficiently. Limitations though, be it seasonal quantity or quality of grazed forages often leave livestock requiring supplemental nutrition at potentially great expense to the producer.
Round hay bales have over the years become the feed of choice for producers looking to add to their herd's nutrition, due to its convenience of use. With the good comes the bad though. The fact that round hay bales are less labor intensive, has caused producers to inadvertently pay less attention to the quality and management of their hay. It's not like the old days, when cattlemen fed small square bales, and were able to observe the quality of the hay and the amount of waste which in turn promoted better management practices. Given a little extra attention and dedication to improved management of your forage program, it is well within the realm of possibility to maintain a more sustainable profit margin for your operation.
To read the latest article by Dr. Peel and his points to consider about your forage program, click here.
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Sponsor Spotlight
We are happy to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors. They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol. They seek to educate OCA members on the latest production techniques for maximum profitability and to communicate with the public on issues of importance to the beef industry. Click here for their website to learn more about the OCA.
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Rabobank Expects Land Values to Follow Drop in Rental Prices
A new report from the Rabobank Food & Agribusiness Research and Advisory group finds that in order for U.S. ag commodity production activity to remain economically viable, land rent must decline. The report, "The Land Value Wave Dips: Land Values Set to Decline Further, Despite Sticky Rental Prices ," explores the impact of low commodity prices on land values and rent prices.The report goes on to note that from 2006 to 2013, significant increases in commodity prices, due to surging demand, signaled the need for more land to be converted to row crop production. The subsequent steep increases in agricultural land values have pulled enough acres into row crop production to oversupply most commodities, both domestically and globally. "The result of this oversupply has been to drive agri commodity price levels below breakeven. After two years of economic losses at the farm level - which resulted largely from the significant drop in commodity prices - the cost of renting land remains sticky and unsustainably high," notes report author and Rabobank senior analyst Sterling Liddell.According to Rabobank, in 2017/18 and moving forward, rent values need to begin dropping in order to balance with lower commodity prices over the long term. "We believe this will lead to the valuation of land also adjusting lower," notes Liddell. "If rental costs remain sticky at unsustainable levels through the 2017/18 growing period, individual land assets face the threat of much deeper devaluation, as nutrient and crop protection programs are cut and abandonment (usage changes) increases."Click here for information on obtaining a f ull copy of "The Land Value Wave Dips: Land Values Set to Decline Further, Despite Sticky Rental Prices,"
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Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
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Beef 2.0 - Promoting the Industry in the Digital Age
After years promoting beef in traditional media like print and radio, the beef industry is shifting their promotion efforts to fit in line with the habits of today's modern consumer. Meredith Stevens of the National Cattlemen's Beef Association (NCBA) and a key staffer working to bring beef into the digital landscape, recently spoke with me about why there is a need for beef to have a strong digital presence.Stevens says her organization started to see a shift in its target audience. She explained that the older Millennial parent demographic started to explode. Their buying power was much more significant, they started to have children of their own, and with that began providing food to their families. Research showed that beef was not always being introduced to their children, which she asserts could ultimately translate into less beef purchases by these future consumers."What we learned about them, was their use of technology. And they are online all the time," Stevens said. "So we shifted based on producer feedback and decided very strongly that we've got to go digital. We have to be where the consumer is."Now, Stevens says the Checkoff has swapped radio for streaming radio and print for social media properties like Facebook, Twitter, YouTube, Pinterest and Instagram. Search engines like Google, are the most effective methods to meet their priority goals as well, which Stevens narrowed down to reach and engagement with consumers. They are applying their resources to consistently keep beef at the top of internet searches as well as top of mind for consumers. They accomplish this by continuously measuring digital analytics and optimizing their platforms to navigate and cater to consumer interests.Listen to Stevens talk more on how NCBA and the Beef Checkoff are working to engage consumers in the digital age during the latest Beef Buzz.
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This N That- Farm Bureau August Area Meetings, No Till Postpones Enid Meeting End of August and More on the Calendar
Two more August area meetings for the Oklahoma Farm Bureau are set for today. The meetings allow Farm Bureau members from across the state to gather and discuss issues impacting agriculture and rural Oklahoma. Their District six meeting is planned for high noon at J&L BBQ in Pryor while the organization has a six pm session this evening at the Creek County Fairgrounds in Sapulpa- this for their District nine. Click here for more details of the meetings ahead for the group this week and next as the grassroots talk State Question 777, Feral Hogs, Water, Taxes and more. ********** The No Till on the Plains folks had planned a two day no-till educational event at the end of the month in the Enid area- but the word we got yesterday from them is that they are going to postpone this session until later to a date that will be announced down the road. The sessions were planned to be on the 29 and 30th of this month. ********** We have lots of additional items on our calendar in the weeks ahead- and will be adding the livestock show schedules for the State Fair of Oklahoma and the Tulsa State Fair in the near future- click here for our complete calendar and be sure and let us know when you have an event that we need to add to this lineup of events- we are happy to help you get the word out about your event in this way. |
Oklahoma FFA Number Two in Total Proficiency Finalists for 2016 National Convention Coming in October
We'll have a complete story with full list of Oklahoma FFA members who have qualified to be a National Finalist in one of the 47 National Proficiency Award categories tomorrow- but we have run the numbers of the states that have multiple Finalists- and it appears only Georgia will have more Finalists standing on the Convention stage in Indianapolis come October than Oklahoma.
My first draft of counting shows that Georgia has 21 finalists for 2016 while Oklahoma has 17 qualified and Ohio is next with 16.
Things are shaping up to be another great National FFA Convention- as we return for the next decade to Indianapolis as the home of the HUGE gathering of Blue and Gold.
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Stillwater Milling Company, 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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Click here to check out WWW.OklahomaFarmReport.Com
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