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click here for this morning's Farm news from Carson Horn 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
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
has 375 head of cattle on their showlist for the Wednesday, August 7th sale of finished cattle -
to jump to the website.
At the Oklahoma National Stockyards
on Monday- Feeder steers and heifers 1.00-4.00 lower with exception to 900-1000 lbs. steers 3.00 higher. Steer and heifer calves mostly steady
to 3.00 higher.
Click or tap here for the full report courtesy of the USDA Market News
sold slaughter cows mostly steady to 1.00 lower and slaughter bulls mostly steady to 1.00 higher on a light test Monday compared to the last sale -
click or tap here
for the full report from the USDA.
Joplin Regional Stockyards
had 4,722 cattle on Monday- Compared to last week, steer and heifer calves 2.00 to 5.00 lower, except under 500 lbs 5.00 to 8.00 lower. Yearlings
steady to 3.00 lower.
Click or tap here for their closing report.
Each afternoon we are posting a recap of that day's markets as analyzed by
Justin Lewis of KIS futures
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
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, August 6, 2019
The USDA released its latest Crop Progress Report for this week on Monday, August 05, 2019. According to the report, the US corn crop is at 57% good to excellent condition versus 58% last week and 71% last year. Corn is reportedly 78% silking this
week compared to 58% last week and 93% the five-year average. Soybeans are holding steady this week at 54% good to excellent condition versus 54% last week and 67% last year. Soybeans setting pods came in at 37% versus 21% last year and 63% the five-year average.
We came across some interesting maps showing where we are on Corn and Soybean Crop Conditions- I have them in a separate story at the bottom of today's email- take a look!
Pasture and range conditions have deteriorated some since last week across the US. Land in good to excellent condition dropped by 6% from last week down to 58%. The poor to very poor rating climbed up 3 points to 13%. Compared to the previous year, though,
the situation is much more positive. At this time last year, only 40% of pasture and rangeland was considered in good to excellent condition. Meanwhile, 30% of the land was in poor to very poor condition. Click
here to review the full USDA Crop Progress Report for the week of August 5, 2019.
Across the Southern Plains, pasture and range conditions continue to show signs of deterioration as well.
In Oklahoma, pasture and range condition this week in Oklahoma are reported at 7% poor to very poor, 38% fair and 55% good to excellent. Most of our spring planted crops are behind normal development- but continue to be looking
pretty good, based on the latest crop condition ratings. To review the full Oklahoma Crop Progress Report for this week, click
In Kansas, pasture and range conditions rated 1 percent very poor, 5 poor, 24 fair, 61 good, and 9 excellent. To review the full Kansas Crop Progress Report for this week, click
Finally, across Texas, pasture and range this week rates 44% good to excellent, 42% fair and 14% poor to very poor. To review the full Texas Crop Progress Report for this week, click
To sum up the current pasture and range condition here in the Southern Plains- here's the Good to Excellent Ratings for this week and the change from last week:
Oklahoma 55% -11%
Kansas 70% +1%
Texas 40% -13%
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.
This past Friday, President Donald Trump presided over a news conference announcing a deal between the European Union and the United States that will increase access for US beef exports into the EU. For about a decade, the
US has exported beef to the EU as part of a 45,000 mt. quota that was specifically established by the EU for the US. However, Kent Bacus, director of international trade and market access for the National Cattlemen's Beef Association,
explains that quota has been eroded over the years as other nations have worked to meet the specs outlined in that quota - which did not specifically name the US - allowing these other countries a foot in the door. He spoke with me about the President's
announcement and how the deal that has been brokered will reverse that erosion of US market share in the EU.
According to Bacus, the deal that was announced on Friday takes that existing quota from a decade ago and "puts a fence around a substantial potion of it for the US." The deal still has to be approved by the EU's parliament and down the road, Bacus says
the US will have to eventually engage in negotiations with the EU to settle its terms of trade. This will be especially difficult to do as the Europeans adamantly refuse to include agriculture in any trade talks with the US. Bacus says this is a protectionist
tactic to keep American ag products from competing with the continent's domestic production, but insists it is an injustice the US Trade Representative's Office is pursuing diligently.
"That will be a major battle. China's been tough, but the Europeans are going to be extremely tough. So, we have our work cut out for us. But we have a good story to tell and we need to tell it," he said, remarking on the science-based evidence that backs
the quality of American agriculture. "Consumers need to realize food doesn't just come from the grocery store - it comes from our farms and ranches and we're doing everything we can to provide a safe, high-quality product them."
You can listen to the whole conversation between Bacus and I on Monday's Beef Buzz -
American Farm Bureau Federation President Zippy Duvall called China's intentions not to buy any agricultural products from the United States "a body blow to thousands of farmers and ranchers" who are already struggling to get by. China's
government made the announcement at the beginning of this week, in its latest retaliation.
China has reportedly told its commodity buyers to stop all imports of U.S. agricultural products. The move is in response to
Trump's planned tariff increase announced last week. Trump is using the tariffs to place pressure on China to reach a trade agreement. China also announced the devaluation of its currency Monday.
China appears to be waiting out the upcoming November 2020 U.S. elections to see if the political climate in the U.S. will change. Farm Bureau economists say exports to China were down by $1.3 billion during the first half of the year. Now, all of what
was a $9.1 billion market in 2018 stands to be lost, which was down sharply from the $19.5 billion U.S. farmers exported to China in 2017. Duvall remarked on the evolving situation urging the administration to take action.
"We are grateful for Market Facilitation Program payments many farmers and ranchers have received, allowing them to continue farming during this difficult time. Even so, we know that aid cannot last forever," Duvall said. "We urge negotiators to redouble
their efforts to arrive at an agreement, and quickly. Exports ensure farmers will continue to supply safe, healthful and affordable food for families here and around the world."
or tap here to read the entire statement from Duvall regarding China's announcement.
According to OSU Extension Livestock Market Economist Dr. Derrell Peel, most agricultural markets exhibit regular patterns of prices through the year, known as seasonal patterns. In his article in this week's Cow/Calf Corner newsletter,
Peel reflects on the average seasonal price indexes for Choice beef primals and wholesale products over the past three years.
"In the cattle and beef industry, widely varying seasonal price patterns exist for all classes of cattle as well as for each of the many beef products produced in the industry," Peel said. "Some seasonal patterns have shifted in recent years with evolving
exports markets, etc."
The boxed beef cutout value represents the net aggregation of the primary muscle cuts of the beef carcass. Boxed beef cutout values typically vary by about 13 percent. The rib primal is the highest value primal on average and consists primarily of the
ribeye in various fabrication specifications (boneless versus bone-in, etc). The loin primal is more complicated with several products originating in the loin primal, each of which has different seasonal price patterns. End primals (chuck and round)
generally have very different seasonal patterns to middle meats with less seasonal variation compared to rib and loin primals. The chuck includes a broad set of products that vary widely in value and seasonal patterns. For example, the top blade (114D),
source of Flat Iron steaks, ranges from a seasonal high seven percent above average in May to a February low six percent below average.
"The beef values that cattle producers ultimately see as determinants of cattle prices are the result of a diverse set of beef products with widely ranging values and seasonal patterns," Peel continued. "Many beef product values vary sharply at various
times of the year as a result of seasonal demand and supply influences."
You can read more about the seasonal averages over the last three years from Peel,
by clicking or tapping here.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email-
National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They
also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business,
here for their website or call the Oklahoma City office at 1-800-310-0220.
Oklahoma Farm Bureau named Steve Thompson as the farm organization's senior director of public policy earlier this week. In his new role, Thompson will lead OKFB's public policy team as they work to implement
Farm Bureau's grassroots policy goals at both the state Capitol and in Washington, D.C.
"Steve has a heart for serving Oklahoma's agriculture community, and his depth and breadth of experience working on agriculture issues make him an ideal leader for our policy efforts," said Rodd Moesel, OKFB president. "With
Steve at the helm of our public policy department, we are excited to continue serving our members' interests in the policy arena."
Thompson, who was raised on a Lincoln County farm his family settled in the land run of 1891, joined OKFB's public policy department in February as an assistant director of public policy. Prior to joining OKFB, Thompson served as director of government
relations and ag programs for American Farmers and Ranchers. Thompson also worked for nine years at the Oklahoma Department of Agriculture, Food and Forestry, first as legislative liaison, then as associate commissioner. He studied agricultural education and
agricultural economics at Oklahoma State University.
You can read more about Thompson and his new position,
by clicking or tapping here.
Chief Executive Officer of the National Pork Board Bill Even sat down this past week with Associate Farm Director
Carson Horn during the 2019 Oklahoma Pork Congress to talk about a variety of projects currently being undertaken by the NPB and National Pork Checkoff. Among the many initiatives that the NPB has taken on is one primary goal of modernizing
the way in which the board operates. Even explained the process the NPB is currently in to shift from its traditional structure to one that will make the organization more nimble and able to address industry issues at the speed of commerce.
According to Even, the NPB's 15-member board of directors decided to reevaluate how it operates and addresses pressing issues. Even says the board's strategy will refocus its efforts on two areas - what is the board doing to shape the future of the industry;
and what is it doing to protect stakeholders today from those things that threaten the freedom to operate or the health of the US swine heard.
"We heard loud and clear from over 1,000 people in the US pork industry that 'we need you to focus on these items," Even said. "So, the board of directors said 'let's start with a blank piece of paper and if we were going to reinvent the Pork Checkoff,
what would we do and what would that look like?' And so, the board has taken some pretty bold steps to move to an agile organization format."
You can listen to the whole conversation between Even and Horn,
by jumping over to our website.
The AFR Leadership Summit allows students the opportunity to focus on their leadership and personal development skills through team building exercises and personal reflection. Each year, five students are chosen to serve on the Youth Advisory Council to help
lead and facilitate youth programs for the upcoming year.
This year's AFR Leadership Summit ended with the selection of the new 2019-2020 Youth Advisory Council. The following five students were chosen Friday, July 26 at the Heartland Conference Center in Oklahoma City: Cooper Shebester, Alex,
OK; Jentry Squires, Kingfisher, OK; Tate Ott, Lomega, OK; Reagan Detrick, Ringwood, OK; and Keegan Carrera, Shawnee, OK.
"This is a great opportunity for five vigorous students to develop and enrich their leadership skills and apply those skills at various youth activities throughout the following year," said Vanessa Wiebe, AFR/OFU Youth Coordinator.
"These students are the face of our youth program and the future of our organization."
or tap here to read more about the AFR Youth Advisory Council.
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