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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.
has 149 head of cattle on their showlist for the Wednesday, June 27th sale of finished cattle - click here
to jump to the website.
Monday's Oklahoma National Stockyards
Trade had an estimated 8,000 head- Yearlings were called unevenly steady while calf prices were under pressure- click or tap here
to check the complete report from USDA
Both Calf and Yearling Sales were steady to lower at the Monday Joplin Regional
trade- click or tap here
to get all the numbers as released by USDA.
OKC West sold slaughter cows and bulls 1.00 - 3.00 higher Monday
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:
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 26, 2018
As of this morning, polling sites across Oklahoma are open and the Oklahoma Cattlemen's Association is encouraging folks to turn out and participate. OCA's Executive Vice President Michael Kelsey is sure excited about it, and hopes everyone else is, too.
"This is a wild election season. I personally love it," Kelsey remarked enthusiastically. "Tomorrow is going to be a wild day, so hang on, because I don't trust the polls to be right honest with you. Don't trust the polls themselves. Go! It's vitally important that we participate in the process."
With agriculture under more scrutiny from the public and lawmakers than ever before, Kelsey insists this is a year in which the rural community should rally together and ensure the friends of the ag industry win the seats they are seeking. Kesley talked about some of those candidates OCA has endorsed this year through its Beef PAC fund.
"We make those selections based on several criteria. Obviously, most important - are they supporters of the beef industry here in Oklahoma," he explained. "Do they align with the policies of OCA and so forth."
On OCA's list of friends of the ag industry in Oklahoma, is Senator Eddie Fields competing in the race for Lt. Governor and Leslie Osborn in the race for Labor Commissioner. On the legislative side, OCA , thru their BeefPac, has supported the campaigns of Reps. John Pfeiffer and Josh West.
For now, Kelsey says the OCA is concentrating on the primary elections and has not yet engaged in the general election campaigns. He says to stay tuned though, for further action from the OCA closer to that round of elections during which time he says the OCA will be actively supportive of its friends running.
Click here to listen to our complete conversation with Kelsey as he speaks to the importance of why members of our rural communities should get out today and rock the vote.
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.
Not Sure Who to Vote For? Farm Bureau's OKAgFund Ballot Guide has You Covered
The OKAgFund, Oklahoma Farm Bureau's political action committee, has endorsed numerous candidates and donated more than $60,000 to over 70 candidates running for election in Oklahoma this year, based on input from farmers and ranchers.
Those candidates endorsed, were selected not based on political affiliation, but rather through their demonstrated beliefs and actions that are consistent with OKFB's policies.
"With so few people involved in agriculture, we must elect state leaders who value the needs of Oklahoma farmers and ranchers," said Coy Farmer, OKAgFund chairman. "After careful consideration of all candidates by Farm Bureau members across the state, the OKAgFund is proud to support candidates who we believe will stand for agriculture and rural Oklahoma."
Among the candidates running this year, the OKAgFund endorsed Todd Lamb in the 2018 Oklahoma gubernatorial election along with Mike Hunter for Oklahoma attorney general, Randy McDaniel for state treasurer and Glen Mulready for state insurance commissioner.
For a complete list of endorsements for both the House and Senate races, click here.
Weekend Rains Cause Harvest Delays Across Southern Plains as Wheat Quality Remains a Concern
Heavy rains over the weekend across the Southern Plains have resulted in delays for harvesters in many areas where fields have not yet been visited by the combine. This has only added to producers' concerns about wheat quality this season, as speculator's enthusiasm begins to wane. In the meantime, spring wheat's crop rating will likely remain high for the time being, with more rains in the forecast for the Northern Plains, according to DTN. Across the seas, though, Southern Russia and eastern Ukraine remain on the dry side, but rain is expected to offer a little relief this week in southeastern Australia and help crop conditions there.
Currently, USDA is reporting that the US winter wheat crop is approximately 41 percent complete, compared to last year's pace of 39 percent for this time and the average of 33 percent. Nationally, wheat's current condition is rated at 34 percent poor to very poor, 29 fair and 37 good to excellent.
Click or tap here to view the complete USDA Crop Progress report for Monday, June 25, 2018.
In Oklahoma, winter wheat harvested reached 92 percent, up 4 points from the previous year. Wheat's condition in Oklahoma rates this week, 62 percent poor to very poor, 28 fair and 10 good to excellent.
Click here to view the latest Crop Progress report for Oklahoma.
In Kansas, winter wheat condition rated 15 percent very poor, 31 poor, 38 fair, 14 good, and 2 excellent. Winter wheat coloring was 98 percent. Mature was 85 percent, near 82 last year. Harvested was 52 percent, ahead of 44 last year, and well ahead of 32 for the five-year average.
Click here to view the latest Crop Progress report for Kansas.
Finally, for Texas, rain has halted wheat harvest in areas of the Northern High Plains while producers were plowing small grain residual in the Blacklands. Dryland cotton continues to struggle in the Southern High Plains and the Northern Low Plains as some producers plant sorghum on dryland cotton acres that had failed to emerge. Cotton is blooming in South Central Texas while some Dryland corn is being harvested for silage in the Cross Timbers. Winter wheat in Texas this week is 71 percent harvested, behind last year by 14 but on par with the average. Wheat's condition rates 19 good to excellent, 31 fair and 50 percent poor to very poor.
Click here to view the latest Crop Progress report for Texas.
Latest Cattle on Feed Report Hints at Beef Production in Late 2018 - OSU's Dr. Derrell Peel Explains
In his latest article this week, OSU's Dr. Derrell Peel dissected the most recent USDA Cattle on Feed report and established an idea of what US beef production might look like in the coming months during the second half of 2018, based on the details in this report which he says offers some hints for the future.
With the largest June 1 feedlot inventory in the data series that began in 1996, Peel says this report is a continuation of eighteenth straight months of year-over-year increases. In fact, feedlot inventories have been increasing year-over-year for 26 of the last 28 months.
"Longer term, cattle numbers are still increasing and a general trend of growing feedlot inventories is expected for several more months at least," Peel predicted. "Placement patterns the last few months have impacted the timing of feedlot production and the fed cattle market has been struggling a bit under the weight of bunched fed cattle supplies in the second quarter."
Judging from current marketing data, Peel also predicts that increased beef production in the second half of the year will depend on the how much cattle slaughter increases and on how much carcass weights rebound from last year's decline. At the current time, annual beef production is projected to be up 4.0-4.5 percent year over year. Peel also suggests that feedlot cattle supplies will tighten during the third quarter as the relative pressure of lower fed cattle prices in the second half of the year are reduced by the timely marketings of fed cattle.
Peel explains his position more in depth in his full article, which can be read entirely on our website - just click here.
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A Year Later, NAFTA Talks Still Up in the Air - NCBA's Kent Bacus Shares the Latest Developments
The renegotiation of the North American Free Trade Agreement between the US, Canada and Mexico has been ongoing for some time now, since it was first instigated by the Trump Administration. Kent Bacus, director of international market access for the National Cattlemen's Beef Association says even though negotiators have been at this for over a year now, the potential outcome of these negotiations is still very much up in the air.
"This time last year we were hearing about threats of withdrawal and hearing about renegotiation and the whole ag industry was on fire, really nervous about what was going to happen," Bacus said. "Over the last year, we've seen continued negotiations. What we haven't seen is a conclusion of those negotiations. Overall, there's still a lot of uncertainty about what's going to happen."
For the beef industry, NAFTA has played an important role as both Canada and Mexico are among the top five US beef export markets. If the US were to ultimately pull out of the agreement, which Bacus asserts is still a possibility, then tariffs in these two countries for US beef would be reinstated to their former levels of 25 percent. Preferential access to these markets could also be lost. But speaking for just about everyone concerned, Bacus states that he does not believe anyone wants to see that happen. He is optimistic that based on things he has heard from negotiation insiders, that a conclusion could potentially happen by Labor Day of this year. If that occurs, he says there are several ways it might turn out. For one, it might be a comprehensive modernization of all things under the agreement; it might also be the case that negotiations totally dissolve and to everyone's fears the US withdrawals; or lastly, we may see what Bacus calls a "skinny" version of NAFTA.
"That would include probably something where you'd see a new deal on automobiles or other things, but quite frankly it's up in the air as to what's going to happen... nobody really knows," he said. "The crystal ball is not clear and so that's got a lot of people pretty nervous about what could happen."
Listen to Bacus speak about these ongoing negotiations and what he has heard regarding the progress being made, on yesterday's Beef Buzz - click here.
|No Worries Mate- Senate Votes 89 to 3 to Start Debate on Farm Bill
In a procedural vote, the 2018 Senate Ag Committee Farm Bill was given an overwhelming "thumbs up" as the lawmakers voted 89-3 to open debate on the $87 billion-a-year legislation that makes few changes to food stamps or farm subsidies. The Senate bill stands in stark contrast to the House Republican-written welfare-reform-in-a-farm-bill legislation, which would broaden and toughen work requirements for 7 million or more people on SNAP.
The Monday cloture vote served as a test of Senate backing for the farm bill. Senators could pass the bill before the end of this week. That would allow the start of negotiations with the House over a final version of the bill.
Three amendments may be offered in the Senate to alter crop subsidy and crop insurance rules. Iowa Sen. Chuck Grassley wants a "hard" cap of $125,000 a year on farm subsidies and to limit them to farmers, their spouses, and one manager per farm. Illinois Sen. Richard Durbin would require farmers with more than $700,000 in annual adjusted gross income to pay half of the cost of crop insurance; farmers now pay an average of 38 percent. Sens. Jeanne Shaheen of New Hampshire and Pat Toomey of Pennsylvania would limit farmers to $125,000 a year in premium subsidies for crop insurance.
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DASNR to Recognize Champions and Distinguished Alumni at 4th Annual DASNR Honors Banquet
The Division of Agricultural Sciences and Natural Resources at Oklahoma State University will honor the achievements and excellence of some of its most outstanding alumni, as well as a few individuals dubbed champions who have contributed to the DASNR mission.
"Each of these honorees has been a great supporter of our programs and continue to make lasting impacts in their professions," said Tom Coon, DASNR vice president. "These individuals are shining examples of sustained excellence in their respected fields and it is an honor to be able to recognize their contributions and to show our appreciation for their support to our joint missions of research, teaching and Extension."
Receiving recognition as 2018 CASNR Distinguished Alumni are Charlotte Kirk Baer, Frederick Drummond and Gregory Schultz. The 2018 DASNR Champions are Brad Parker, Gene Rainbolt and JD Waggoner.
These Distinguished Alumni and DASNR Champion award winners will be recognized during the 4th Annual DASNR Honors banquet, Oct. 19, at the OSU Student Union Ballroom.
To learn more about the honorees and their specific achievements in their professional fields, click here.
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