Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Tuesday, August 10, 2021
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Here is your daily Oklahoma farm and ranch news update.
- CattleCon is Up and Rolling in Nashville
- Rodd Moesel Talks About The Future - COVID-19, Climate Change and Beef Packing
- Beef and cattle Trade Rebounds from the Pandemic
- Oklahoma National Stockyards President Kelli Payne Talks Resiliency Amid the Coronavirus Pandemic
- Latest USDA Crop Progress Report Shows Corn and Soybean Crops are on Track
- Newly Proposed Tax Reforms Could Have Huge Impacts On Multi-Generational Farms and Ranches
- Incorporating stockpiled fescue into the winter-Feeding Program
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Butter is High on Grocery Lists. If You Aren't Convinced Check Out the Hit Song, "Butter"
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CattleCon is Up and Rolling in Nashville |
It was originally planned that we we would have boots on the ground in Music City during the day on Monday- but travel plans changed a bit- and we ended up on a late afternoon ride got impacted by the wildfires in Colorado and that pushed yours truly and several good Oklahoma cattle folks into a midnight arrival here in Nashville.
I do want to say congrats to one of the smartest animal scientists I have ever interviewed- because he not only knows the science of it all- but he understands how to talk to cattle producers in helping them grasp the connection between being a cattle producer and also a beef producer.
I'm talking about Dr. Gary Smith, retired from Texas A&M who was inducted into the Cattle Feeders Hall of Fame last night.
Congrats Gary- you are well deserving of this honor!
Lots more from Nashville to come.
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Rodd Moesel Talks About The Future - COVID-19, Climate Change and Beef Packin |
Rodd Moesel, Oklahoma Farm Bureau president and one of two Oklahoma representatives on the National Council of Agricultural Research, Education and Teaching (CARET) spoke with Radio Oklahoma’s KC Sheperd about his recent trip to Clemson, South Carolina, representing Oklahoma State University at CARET’s annual meeting.
Moesel said, CARET offers a chance for all the agriculture-college deans of land-grant universities across the southern U.S. to meet and discuss what is going on. There are many special issues this year for research, extension and teaching with the COVID-19 pandemic’s impacts on last year, according to Moesel.
“Planning for this next year (includes) trying to pick out what research priorities are going to be for this region of the country, including each individual state of the country,” Moesel said.
Of the issues brought up at the meeting, medical marijuana was an uniquely Oklahoma problem, whereas issues like beef packing, international trade and global climate change were in consensus as top issues.
With a brand-new climate change report out by the Intergovernmental Panel on Climate Change, the meeting Sheperd couldn’t have caught up with Moesel at a better time. Moesel said farmers and ranchers, especially in Oklahoma, understand the importance of protecting the environment, largely because of the state’s Dust Bowl history.
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Beef and cattle Trade Rebounds from the Pandemic |
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 Mark Johnson. Today, Dr. Peel talks about Beef and cattle trade rebounds from the pandemic.
U.S. beef exports have bounced back from the pandemic disruptions last year. Total beef exports for the January - June period in 2021 are up 21.5 percent over the first six months of 2020. This includes a 46.2 percent year over year increase for the month of June over the low point last year. Compared to 2019, year to date beef exports are up 12.1 percent this year. Total beef imports for the first six months of 2021 are down 3.7 percent year over year and down slightly by 0.8 percent over the same period in 2019.
Japan remains the largest export market for U.S. beef with a 24.6 percent share of year-to-date U.S. beef exports. South Korea is closing fast on Japan with a 24.1 percent share of beef exports for the first six months of 2021. The China/Hong Kong market continues to be the fastest growing beef export market with June exports up 159.3 percent year over year and beef exports for the January - June period up 167 percent over 2019 and 2020 China/Hong Kong is the third largest beef export market with a 17.9 percent share of total beef exports. So far in 2021, Mexico accounts for 9.5 percent of exports; Canada 8.1 percent and Taiwan, 5.5 percent.
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Oklahoma National Stockyards President Kelli Payne Talks Resiliency Amid the Coronavirus Pandemic |
At last week’s Women in Agriculture and Small Business conference in Oklahoma City, Oklahoma, Kelli Payne spoke about the impact she saw the Stockyards had on the agriculture industry during the Coronavirus pandemic - not only helping to keep beef on supermarket shelves but also providing a taste of normal life to patrons of the stockyards.
As COVID-19 spread in 2020, many integral facilities shut down causing supply chains to bottle neck. Many Oklahomans may remember seeing slim pickings on supermarket shelves - from no toilet paper to little beef. Kelli Payne told Radio Oklahoma’s KC Sheperd, she is proud to say the Stockyards did more than just stay open.
“It was important for us to be a positive place for folks to come and do business,” Payne said.
Payne said the pandemic was devastating to the Stockyards City business district, but the continual operation of the stockyards meant money was coming into the district.
“The truck drivers still had to eat, our employees had to eat and someone would still need a new pair of boots,” Payne said. “It was important to see the impact of the stockyards and agriculture on a business district that is located in the heart of Oklahoma City.”
Payne added, the survival of the Stockyards City business district, including the continual operation of the stockyards is a nod to the resilience of agriculture producers far and wide.
“When we look back at all the challenges we had during the pandemic, I am really proud that we were able to keep employees healthy, buyers healthy and still be able to provide an outlet for farmers and ranchers to get top dollar for their cattle,” Payne said.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a new daily report starting to be heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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Latest USDA Crop Progress Report Shows Corn and Soybean Crops are on Track |
The nation’s corn and soybean crops are maturing on schedule and look to be in good shape, according to the latest USDA Crop Progress Report.
In major corn-producing states, 64% of crop is good to excellent, which is 2 points better than a week ago but behind compared to last year. Twenty-five percent of corn grown in major corn producing states is fair, with 11% poor to very poor.
In major soybean-producing states, 60% of crop is good to excellent, which hasn’t moved since last week and is 14% lower than this time last year. Twenty-seven percent of soybeans grown in major soybean-producing states is fair, with 12% poor to very poor.
In Oklahoma-Corn dough reached 40%, down 2 points from the previous year and down 11 points from normal. Sorghum coloring reached 12%, down 12 points from the previous year and down 13 points from normal. Soybeans setting pods reached 25%, up 6 points from the previous year and up 3 points from normal. Peanuts pegging reached 66%, down 4 points from the previous year and down 8 points from normal. Cotton setting bolls reached 43%, down 9 points from the previous year and down 9 points from normal. Pasture and range condition was rated at 61% in good to excellent condition.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
The Oklahoma Agriculture Mediation Program knows this is a hard time for farmers and ranchers. We want you to know we are still open, and we are still here for you. The Ag Mediation program is a free service that provides mediation to agriculture producers who may need help with ag-related disputes.
At Oklahoma Ag Mediation, we have been helping people in agriculture resolve conflicts since 1987. We know firsthand about working together to resolve conflicts, so you don’t have to go through the court systems. Let our professional mediators help you. Mediation is allowed for lease issues, farmer/neighbor disputes, family farm transitions, and more. These services are available at no cost for Oklahoma farmers and ranchers in all 77 counties. For more information, you can go to ok.gov/mediation, or give us a call at 800 248 5465.
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Newly Proposed Tax Reforms Could Have Huge Impacts On Multi-Generational Farms and Ranches |
American Farmers and Ranchers are still reeling from a late-April announcement by the White House of a financial plan aimed to level the tax playing field. The Biden administration is calling the American Families Plan “a once-in-a-generation improvement in our nation’s future,” according to the White House website.
Included in the plan are tax reforms, one of which has farmers and ranchers questioning what the industry will be like for future generations. The Biden administration is moving forward with “eliminating long-standing loopholes, including lower taxes on capital gains and dividends for the wealthy, which reward wealth over work,” according to the Budget of the U.S. Government for fiscal year 2022, proposed to Congress on May 28,2021.
One of the loopholes the Biden administration is considering giving the boot is Stepped-Up Basis.
According to the Tax Foundation, “The step-up in basis provision adjusts the value, or ‘cost basis,’ of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death. This often reduces the capital gains tax owed by the recipient. The cost basis receives a ‘step-up’ to its fair market value, or the price at which the good would be sold or purchased in a fair market. This eliminates the capital gain that occurred between the original purchase of the asset and the heir’s acquisition, reducing the heir’s tax liability."
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Incorporating stockpiled fescue into the winter-Feeding Program |
It might seem a little pre-mature to be talking about the winter-feeding program, when just last week we experienced the hottest temperatures of the summer thus far. However, if you are considering taking advantage of stockpiled fescue this winter, the time to start this process in now! Due to the ergot alkaloid producing endophyte it possesses, tall fescue can often get a bit of a bad reputation. However, one of the places that this forage can really shine is in its ability to be stockpiled which results in a good source of nutrients to be grazed during late fall and early winter (assuming things like soil fertility and rain fall are adequate).
Often, stockpiled tall fescue can provide greater amounts of protein and energy compared to grass-hay. This means that stockpiling tall fescue can be a means of decreasing hay requirements while also lessening costs associated with supplemental feed. To get the greatest return on the investment in stockpiling fescue, it is important to make sure that the right animals get access to this valuable feed resource. The nutrient requirements of cattle are not stagnant throughout their life or even throughout the calendar year. Thus, the goal should be to allow those animals with increased nutrient requirements during the late fall and early winter to have access to stockpiled fescue. Luckily, stockpiled fescue can fit nicely into both spring and fall calving herds.
Spring calving herds: Stockpiled fescue can be an excellent option for thin spring calving cows. It is well documented, that thin cows (BCS ? 4) have decreased reproductive performance, and the best time to try and put condition back on these cows is during the period from weaning to calving. This is when the cow’s nutrient requirements are the lowest, thus, more of the nutrients she is consuming will be available for improving BCS. For spring calving cows, this period coincides nicely with the availability of stockpiled fescue.
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Butter is High on Grocery Lists. If You Aren't Convinced Check Out the Hit Song, "Butter" |
Butter, along with the entire dairy industry, have seen a rise in consumer appreciation, just like BTS’ hit “Butter” is a hit on the billboard charts, according to a press release by the National Milk Producers Federation.
According to the release, the dairy industry approves.
"It always helps an industry when its products capture an upbeat cultural moment," the release stated.
According to data presented by the Economic Research Service at the USDA, butter sales have nearly doubled since 2001, from nearly 1.3 million pounds of butter sold per year to nearly 2.1 million pounds sold in 2020.
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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.
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Today's First Look:
Ron on RON Markets as heard on K101
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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Wholesale Boxed Beef Prices continue to go higher- Choice Beef was up $3.54 and Select Beef was up $3.72 on Friday 11/20/2020.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 9,000 head of feeder and stocker cattle for their August 9th sale...
Compared to last week: Feeder steers and heifers unevenly steady. Demand moderate to good. Sale included about a thousand head of Oklahoma Angus-Influenced feeder steers and heifers.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 4,122 for their regular Monday feeder and stocker sale on August 9th
Compared to last week feeder steers under 700 lbs. traded 2.00 - 4.00 lower. Weights over 700 lbs. traded steady to 3.00 higher. Feeder heifers traded steady to 4.00 higher. Supply and demand moderate.
Click on the button below for details of the trade as compiled by the USDA Market News Service.
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OKC West in El Reno had a total run of 346 head of cows and bulls on Monday August 9th.
Breaker and boning cows were $3 to $4 higher. Lean cows and a few bulls were $1 to 2 lower.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Pam Arterburn, Calendar and Template Manager
Chelsea Stanfield, Farm News and Email Editor
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is the main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week, bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
KC Sheperd talks with Oklahoma's 17th Lt. Governor, Matt Pinnell. Pinnell is also serving as the first Oklahoma Secretary of Tourism & Branding. Pinnell says lots of exciting things have Oklahoma on an upward trajectory- and he shares several highlights in today's conversation. Today's Road to Rural Prosperity Podcast is powered by Banc First, Loyal to Oklahoma and to you.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this podcast, you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, 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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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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