|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.
FedCattleExchange.com has 1,964 head of cattle on their showlist for the Wednesday,
June 20th sale of finished
OKC West Saw the Monday Cow and Bull Turn Steady compared to a week ago- click or tap here to check the complete report from USDA.
At the Oklahoma National Stockyards- Monday's trade showed Feeder steers and heifers steady to 4.00 higher. Steer and heifer calves 500-600 lbs. 1.00-5.00 lower on a lighter test, Click here for the report from USDA.
The folks at Joplin reported 7,280 head- Compared to last week, steers calves and yearlings steady to 3.00 higher, heifer calves steady to 2.00 lower. Click or tap here for the full report.
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:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Monday, June 18th. Click here
for the report.
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, June 18, 2018
Corn Crop Ratings Remain Historically High for Mid June- Wheat Harvest Ahead of the 5 Year Average - USDA Calls Oklahoma 73% Harvested
The 2018 US Corn Crop is off to a fast start- and the crop ratings are about as good as they have ever been for mid June.
Corn condition has started strong and still managed to gain an additional foothold this past week, moving from 77% of the crop rated good-to-excellent the prior week to 78%. Ahead of the report, analysts actually expected USDA to slightly lower that rating to 76%.
Bryce Knorr with FarmFutures says "overall yield potential for the crop gained more than a half bushel per acre to an average of 184.4 if the ratings last through the growing reason." A corn crop that averages over 180 bushels would largely offset the smaller acres planted this season- and produce a huge crop.
The Winter Wheat Crop in the southern plains saw harvest well ahead of the five year average from Texas into Oklahoma and even Kansas. USDA's wheat harvest numbers stand at 65% for Texas, 73% for Oklahoma and 23% for Kansas. Texas is ten percentage points ahead of the five year average, Oklahoma is 22 percentage points ahead of the five year average and Kansas is 12 percentage points ahead of the average.
The USDA Numbers do lag the Plains Grains Harvest numbers out at the end of last week for Texas and Oklahoma- Plains Grains had Texas 69% harvested and Oklahoma 81% harvested as the report was released last Thursday night- Kansas was pegged at 19%.
Read more about the latest Crop Ratings and Progress by clicking or tapping here- go to our story to grab the links on the National Report and state reports for Oklahoma, Kansas and Texas.
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.
Gerald Theus of US Wheat Assoc. Spotlights Industry's Strategic Alliance with Sub-Saharan Africa
Gerald Theus, the regional director of operations for Sub-Sharan Africa with the US Wheat Associates, is currently leading a group of African wheat industry leaders across Texas, Oklahoma and Kansas to meet with industry professionals here in the Southern Plains as harvest progresses. We had the chance to speak with Theus as the group passed through our neck of the woods and talked with him a little bit about the African market he serves.
Out of the 36 countries he serves, Theus says one thing they all have in common is the need to import wheat. And during his nearly 30 year career with US Wheat, Theus has developed a strong relationship with these industry partners and over time has sold them on the incomparable quality and variety of wheat that US producers have to offer.
"We're a supermarket of wheat. We have every type of wheat supply that they may need, whether it be for bread, pasta... and they know US wheat quality is the benchmark," he said. "You can come to the United States and get every type of wheat class for your specific product that you need."
In comparison, he points out that our competitors generally only have maybe one type of wheat class and are probably not as reliable a trading partner than the US. Keeping this front of mind for potential buyers has branded the US as the one-stop-shop for all these countries' wheat needs.
Read more or listen in as Theus describes how the wheat business has evolved since he first started his career with USWA nearly three decades ago and what has kept the US on top all that time, by clicking or tapping here.
Senate Urged to Reject Nearly $1 Billion in Farm Bill Cuts Included in President's Rescission Package
The rescissions package offered up by President Trump is being considered by the Senate this week, a proposal that the National Sustainable Agriculture Coalition calls "a direct attack on the Farm Bill," and subverts the efforts of the Senate Ag Committee. If approved, the NSAC asserts that the measure would in effect "pull the rug out from under struggling farmers and ranchers, handicapping their ability to tap new markets, grow rural jobs, and conserve soil, water, and other resources on their land."
The package proposes a cut of $657 million from farm bill conservation programs and $15 million from the Value-Added Producer Grants program, which NSAC says promotes entrepreneurship and job growth in rural America.
As the vote to approve or reject this measure, entitled H.R.3, the Spending Cuts to Expired and Unnecessary Programs Act decision lingers just a week ahead of a possible Farm Bill vote, NSAC is urging Senate members to vote 'NO' to "defend the farm bill process and America's farmers and ranchers."
"American farmers and food-producing communities rely on farm bill funding to keep our food system vibrant and strong; the rescissions package would undermine the authority, spirit, and vital support of this important bill," NSAC stated in a release this week. "A vote for the rescissions package is a vote against the farm bill, and against our nation's farmers and ranchers, we therefore urge the Senate to oppose the Spending Cuts to Expired and Unnecessary Programs Act."
Learn more about how this measure will impact the Farm Bill and related programs, by clicking here to review the original release from NSAC.
Derrell Peel Sees Rising Pessimism in Beef Markets Facing Continued Supply, Demand Challenges
With production, up this year so far by more than three percent, OSU Extension Livestock Market Economist Dr. Derrell Peel says the current beef market is facing a growing supply and demand problem.
As he outlines in his article for this week's Cow/Calf Corner newsletter, 2017 saw "unexpectedly strong domestic and international beef demand" which provided extra support for cattle and beef prices in the face of growing beef supplies. While that has continued in 2018 to some degree, it has not been quite as pronounced as the year before. For example, wholesale beef came under recent pressure which Peel says might be a precursor to even larger challenges as we move into the summer doldrums between July 4 and Labor Day.
For now it seems that while both fed and feeder cattle prices have declined seasonally, they are still holding generally better than expected but Peel insists the next couple of weeks could have a big impact on commodity markets as the reality of a trade war settles on markets. He describes some of the factors that may actually determine how much negative pressure these markets will feel in the coming months.
These outlying factors include the lingering threat of drought which could force the eventual liquidation of herds and compound the already significant heifer and cow slaughter rates - which would certainly play into aforementioned challenges regarding supply and demand. In addition, Peel cites the destabilizing volatility that comes with the reality of a trade war as another issue that will greatly impact markets during the course of the second half of this year.
"A multitude of markets are likely to be impacted and impacts will pulse through markets in a complex set of primary and secondary effects and more" he writes. "The net effect is difficult to sort out though there is no doubt it is negative."
to read Peel's complete article included in this week's edition of the Cow/Calf Corner
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
As we approach the halfway point of 2018, we decided to reach out to Jim Robb of the Livestock Marketing Information Center to get his take on how this year has progressed so far in the beef markets compared to last year. According to Robb, things have actually turned out to be a little better than most might have anticipated going into the start of this year.
"2018 so far has been a little better than anticipated in terms of cattle prices - a little bit better probably than anticipated in the wholesale meat markets supported as it was last year by really good demand," Robb said. "That demand side has really helped us absorb rather large beef production. So, it's turned out really pretty well and probably we put it in the category of better than anticipated."
One unique aspect about the beef markets in 2017, says Robb, was just how aggressively cattle were pulled through the pipeline. While that continues to happen some here in 2018, he relents that it just isn't happening quite as much. However, he points out that markets were really quite aggressive during the second half of this past May which set things up nicely going into the last USDA Cattle on Feed Report. Nonetheless, seasonal lows are still in the forecast for this year for fed cattle coming up and calves later this fall. On the whole though, Robb states that the "whole boat has been floated a little higher," injecting some optimism into the current marketplace. What is also interesting is that for the second year in a row, carcass weights have not been increased. That, plus an impressively strong demand profile both domestically and internationally, Robb says things have come together nicely for the American beef industry.
"Look back over the last 20 years or so, we've added five to six pounds on a dressed weight basis every year to steer carcass weights. Now, much of that is this very aggressive marketings," he said, explaining also how this has positively impacted packers. "2018 is going to turn out to be our best year ever in packer returns and that's kept them wanting to buy cows."
Listen to Jim Robb and I discuss the current state of the beef industry, on yesterday's Beef Buzz - click here.
John Deere 9R Family of Tractors Get New Updates Including a Mix of Performance-Enhancing Tech
John Deere announced Monday several updates for model year 2019 to its large 9R, 9RT, and 9RX Tractors that include a mix of the latest technology and performance-enhancing features such as an extra-wide 120-inch track spacing option on certain models, ideal for customers who want to control traffic patterns and enhance their stability on hilly terrain.
Deere is also offering the option of a factory- or field-installed Hydraulic Intelligent Power Management (IPM™) system to boost tractor performance when operating implements requiring continuous hydraulic power.
A dual-pump specific selective control valve also makes it quicker to raise and lower the frames on large air drills for improved efficiency in the field.
Plus, a factory-installed Generation 4 CommandCenter™ 18-1 Software update is also included as base equipment for model year 2019 on John Deere 9R, 9RT and 9RX Tractors and comes with CommandCenter AutoTrac™ activation which has been shown to reduce operator fatigue, save fuel by reducing overlap, and help you work more acres in less time.
For details about the 9R Family of Tractors model year 2019 updates, click over to the Agri-Innovations page on our website.
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|House Farm Bill Revote Faces Friday Deadline
The U.S. House faces a Friday deadline to revote on the current farm bill proposal. As of Monday, the farm bill, passed out of committee with Republican support only, was not on the schedule to be considered on the house floor. However, House Majority Leader Kevin McCarthy, who publishes the weekly schedule, did include: "Possible consideration of legislation related to border security and Immigration," and added that "Additional legislative items are possible."
The Freedom Caucus, a group of 30-some Republicans, blocked the farm bill from advancing by voting against it, demanding a vote on immigration. Washington observers say prospects for immigration legislation in the House remained murky amidst confusion over President Donald Trump's position.
The Senate could bring its version of the farm bill to a vote as early as this Thursday, and leadership has vowed to complete the farm bill process before the July Fourth recess.
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