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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Oklahoma National Stockyards
had 10,700 on Monday- Steady to $3 higher on Steer yearlings- click here
for the full report from USDA.
Okla Cash Grain:
Joplin Regional Stockyards
reported 6,700 on Monday- Calves were cheaper but steer yearlings sold $1 ro $3 higher- details are available here.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, June 9, 2020
| EPA Responds to Ninth Circuit Court on Dicamba- to Allow Use Through July 31st
On Monday, the U.S. Environmental Protection Agency (EPA) issued a key order providing farmers with needed clarity following the Ninth Circuit Court of Appeals' June 3, 2020 vacatur of three dicamba registrations. Today's cancellation order outlines limited and specific circumstances under which existing stocks of the three affected dicamba products can be used for a limited period of time.
EPA's order addresses sale, distribution, and use of existing stocks of the three affected dicamba products - XtendiMax with vapor grip technology, Engenia, and FeXapan.
Distribution or sale by any person is generally prohibited except for ensuring proper disposal or return to the registrant.
Growers and commercial applicators may use existing stocks that were in their possession on June 3, 2020, the effective date of the Court decision. Such use must be consistent with the product's previously-approved label, and may not continue after July 31, 2020.
More details from the statement from EPA are available here.
Bayer was quick to cheer the news from EPA- saying in a statement released to the Oklahoma Farm Report-
"We welcome the EPA's swift action. XtendiMax and the other low-volatility dicamba products are vital tools that many growers rely on to safely, successfully, and sustainably protect their crops from weeds.
"Our top priority is making sure all our customers have the support they need to have a successful season."
Mike Schulte with the Oklahoma Wheat Commission discusses this weeks Wheat Commission report for June 8, and says Oklahoma wheat harvest is moving ahead from Oklahoma/Texas Border to the Oklahoma/Kansas border in all regions of the state with harvest even on the dryland wheat in the Oklahoma Panhandle beginning over the weekend.
Favorable weather conditions have producers moving as fast as they can in order to get the 2020 crop out. While the crop yields have not been as favorable in Southwest and parts of South Central Oklahoma, other regions of Central, North Central and Northwest Oklahoma seem to be extremely promising in regards to yields and test weights. The dryland wheat in Eastern portions of the Panhandle is reported to be doing well in places, but as you move West of Balko into Texas County, conditions are making for a poor yielding dryland crop. Producers in the Panhandle are hopeful once they start getting into the irrigated wheat in a week that those yields will be much better.
Test weights across the state are being reported as extremely favorable even in the Southwest regions where freeze damage created major yield loss on most of the crop. Overall across the state most test weight averages from all locations are averaging around 61 lbs. to 63 lbs. per bushel, and while lower test weights have been reported in some areas, extremely high test weights have also been reported up to 66 lbs. per bushel. Proteins are ranging all over the board, from 8% to as high as 15.5%. Statewide given the weather conditions that have allowed for the perfect grain fill and high test weights in most places with the crop not stressing as much, protein has been a concern, however most regions are still hopeful for an 11% to 11.5% protein availability for this crop. Based on assessments statewide the Oklahoma Wheat Commission is calling Oklahoma 34% harvested this Monday, June 8, 2020.
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- normally in April but this year rescheduled to June.
The 2020 Oklahoma City Farm Show will be happening in the spacious Bennett Event Center at the State Fair Park June 18-19-20, 2020.
There is still time to contact the Midwest Farm Show Office at 507-437-7969 and talk with Ron Bormaster about space at the 2020 Oklahoma City Farm Show.
To learn more about the Oklahoma City Farm Show, click here
Farmers have basically completed corn planting for 2020 as this week's U.S. Crop Progress Report shows 97 percent of the crop is in the ground, three percentage points ahead of the 5-year average.
Oklahoma winter wheat acres harvested reached 19 percent as of June 7, up 16 points from the previous year but unchanged from normal.
The Kansas winter wheat crop is rated 42 percent good to excellent this week (same as last week) 34 percent is fair and 24 percent is rated poor to very poor.
Texas wheat harvest continued or was completed in some areas of the state, while harvest slowed in areas of the Blacklands due to recent rains. Winter Wheat harvest was just getting underway in some areas of the Northern High Plains region of the state.
OSU's, Dr. Kim Anderson says In two days last week, wheat prices increased 21 cents only to decrease 11 cents the next day. When developing a marketing plan for selling 2020 harvested wheat, producers should consider that the USDA projects 2020/21 wheat marketing year wheat production to be a record 28.2 billion bushels. Wheat use is projected to be 27.8 billion bushels. World wheat ending stocks are projected to increase from the 2019/20 marketing year record 10.8 billion bushels to a new record 11.4 billion bushels.
Even if 2020/21 world wheat production is 600 million bushels lower than expected, world wheat stocks would still be the same as last year. No change in wheat supply would imply no change in wheat prices.
Expected world wheat production implies that the odds of higher wheat prices are slim. In 10 of the last 12 wheat marketing years, the highest price was received by selling wheat before September 1. In 11 of the 12 years, the highest prices were received by selling wheat by October 1.
Oklahoma wheat prices could possibly hit $5.00 or higher. This result would require a reduction in world wheat production, especially in the Black Sea region. In 2010/11, Oklahoma wheat prices went from an average June price of $3.75 to an average February price of $7.23.
Mondays, 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. Today, Dr. Peel talks about the protein trade themes.
The latest trade data reveals several trade themes and impacts of recent events. April beef exports were 3.4 percent lower year over year but are up 6.9 percent for the January to April total. Beef imports were fractionally lower in April and are up 3.3 percent for the year to date. Total cattle imports were down 9.5 percent in April and are down 7.3 percent so far this year. Pork exports were up 22.3 percent in April and are up 35.2 percent for the year to date. Broiler exports were up 7.6 percent in April and are 7.8 percent higher year over year for the January to April period.
China continues to struggle with the impacts of African Swine Fever (ASF) and the resulting protein shortages. This is supporting U.S. protein exports. With pork as the preferred meat, pork exports to China continue very strong. April pork exports to China were up 365.2 percent with year to date exports to China up 458.2 percent year over year. China has replaced Mexico as the leading pork export market, accounting for 30.4 percent of total pork exports so far this year. China is importing other proteins as well. Broiler exports to China jumped sharply in April and accounted for 12.9 percent of total broiler exports. U.S. beef exports to China remain small, but are growing. Beef exports to China were up 95.1 percent year over year in April and are up 38.7 percent thus far this year. China accounts for 1.0 percent of total beef exports for the year to date.
Established in 1905 as Oklahoma Farmers Union, AFR/OFU has been a champion for rural Oklahoma for more than 100 years. Today, the AFR/OFU Cooperative provides educational, legislative and cooperative programs across the state and AFR Insurance provides auto, home, farm and life insurance to both rural and urban Oklahomans.
The American Farm Bureau Federation is calling on the Environmental Protection Agency to allow farmers who have already purchased dicamba products to use existing stock this season. Last week, the Ninth Circuit Court of Appeals prohibited the use of three dicamba products, effectively taking them off the market as of June 3, 2020.
Based on the EPA's previous approval of dicamba, farmers across the country have already invested in dicamba-resistant seeds.
"An unexpected and immediate ban on dicamba products not only puts substantial farm investments at risk, but also leaves farmers wondering how they'll protect their crops. It's imperative that the EPA quickly provide clarity to farmers," said American Farm Bureau Federation President Zippy Duvall.
President Duvall sent a letter to EPA Administrator Andrew Wheeler asking the agency to issue an existing stock order, which would allow farmers to use dicamba products through this growing season.
Congressman Frank Lucas (OK-03) released the following statement after reports surfaced that the U.S. Department of Justice has issued civil subpoenas to the titans of the beef-processing industry: JBS USA Holdings Inc., Tyson Foods Inc., Cargill Inc. and National Beef Packing Co.:
"The reports of the Department of Justice's continued investigation into the meatpacking industry is encouraging news for cattle ranchers across America. The coronavirus pandemic exposed the vulnerabilities of America's food supply chain and accentuated the challenges beef producers face with a market that is controlled by the actions of a few, mostly foreign-based firms."
Lucas continued, "The DOJ's investigation could shed light on these unsettling competition and security problems in our supply chain, and I join my fellow cattle ranchers in thanking the Department for their checks and balances on an increasingly competitive food industry. I urge U.S. Attorney General William Barr to share the findings of the Department's investigation with Congress as soon as possible so that policymakers can address the concerns of their investigation and restore confidence back into cattle markets."
Under the category of "Keeping up with the Jonses" I wanted to share these thought from Karen and her Professor husband who farm in north central Oklahoma. They expressed that they didn't want to yield brag- but thought that their experience was worth sharing-
I think it is worth sharing- so here goes:
"99 acre field of our wheat south of Enid just averaged 97.5 bushels per acre. It won't all be that good by any means, but it will all be better than average by quite a bit.
"Planted behind canola, planted good registered seed, newer genetics, fungicide, No till, split application of fertilizer, protein about 12.
"A few thoughts on raising wheat from a part-time farmer and mediocre ag economist.
"Q: I often have producers ask me how to make a little bit of money raising wheat at these prices?
"A: Raise good clean wheat (which means better than average for your area and for the given year), without spending much more that the average on variable costs.
"Q: How do you do that?
"A: Don't raise wheat behind wheat (at the very least not more than two years in a row on the same field, preferably rotate every year). Lots of options, canola, corn, soybeans, milo, just something besides wheat on wheat.
"Keep the tillage equipment out of the field (sell your tillage equipment so you are not tempted to take it to the field for recreational tillage, soil structure destruction, moisture wastage, etc.).
"Plant good high quality seed (newer genetics that have shown good potential in your geographic area).
"Keep it clean (weed control in wheat is very inexpensive, spray it in the winter to keep the field clean).
"Feed it (keep fertility up, you can dramatically increase nitrogen use efficiency with split applications instead of putting on 100 pounds of N at one time in the fall).
"Spray a fungicide, (generics are very inexpensive and will keep the plant healthy well into grain fill if applied appropriately).
"These practices will also increase your chances of getting a marketing premium associated with quality and clean wheat (like protein)."
Good stuff- and a reminder that best management practices take time and effort but can deliver a tangible result even when Mother Nature does not offer perfect conditions.
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