|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 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 learn more.
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
in Oklahoma City saw higher stocker and yearling prices on Monday with about 6,600 head on hand- click or tap here
for the complete report from USDA market news
At OKC West
in El Reno slaughter cows sold steady to 3.00 higher, slaughter bulls 2.00-3.00 higher on a light test - click here
to review the full report from the USDA.
Joplin Regional Stockyards
reported 4,667 head of cattle- and higher prices for stockers and feeders- click here
for the full report from USDA Market News.
has 1533 head of cattle on their showlist for the Wednesday, September 25th - click here
to jump over to the website.
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
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, September 24, 2019
| Featured Story:
Oklahoma's Commissioners of the Land Office Announce 2019 School Land Lease Auction Dates
The 37th annual School Land Trust lease auctions will begin October 14, 2019 in Beaver County and conclude October 29, 2019 in Stillwater. This year's fall lease auctions will include a total of 510 tracts across 32 counties.
This week - Associate Farm Director Carson Horn talked with the Acting Secretary of the School Land Commission Brandt Vawter about the legacy of the School Land Commission that stretches back to statehood- with the land that the Commissioners oversee found in what was Oklahoma Territory. He spoke about the history of this program and the return on investment that it has given back to Oklahoma's education system.
For details on all the auctions coming up and audio of the conversation that we had with Brandt about the School Land Commission and the land and resources they manage, click here.
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 each April.
They would like to thank all of you who participated in their 2019 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2019- the dates are December 12th, 13th, and 14th.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
The United States Department of Agriculture released its latest Crop Progress Report on Monday, September 23, 2019. According to this week's report, the overall conditions remain on the positive side with continued progress in the development of the crops. Focusing on corn, the crop's good to excellent ratings increased 2 point to 57% good to excellent condition. But still looks a bit less desirable compared to last year's rating at this time of 69% good to excellent. Corn at dough stage is reported this week at 96% this week versus 93% last week, and the five-year average at this time is 100%. Corn denting this week came in at 79% versus 68% last week, the five-year average at this time is 94%. Corn maturity came in at 29% this week versus 18% last week, the five-year average at this time is 57%. Corn harvested came in at 7% this week versus 4% last week, the five-year average at this time is 11%. The good to excellent ratings for soybeans this week came in at the same 54% as last week. Still behind last year's 68% good to excellent ratings. Pasture and range conditions this week nationally came in at 45% good to excellent, 31% fair and 24% poor to very poor.
Click here to review the full USDA Crop Progress Report for the week of September 23, 2019.
Winter Wheat Planting continues in the southern plains- Oklahoma has reached 21% planted, Texas 23% and Kansas 15%- all just one point less than the five year average in the respective state.
Otherwise- State by State:
In Oklahoma, pasture and range condition this week in Oklahoma are reported at 9% poor to very poor, 33% fair and 58% good to excellent. Most spring crops are slowly catching up in their development, though still way behind in some crops. To review the full Oklahoma Crop Progress Report for this week, click here.
In Kansas, pasture and range conditions rated 6% poor to very poor, 25% fair, 69% good to excellent. To review the full Kansas Crop Progress Report for this week, click here.
Finally, across Texas, pasture and range this week rates 19% good to excellent, 34% fair and 47% poor to very poor. To review the full Texas Crop Progress Report for this week, click here.
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 58% +4% (15% better than a year ago)
Kansas 65% +4% (15% better than a year ago)
Texas 19% +-0% (22% WORSE than a year ago)
In this week's edition of the "Cow Calf Corner" newsletter, Dr. Derrell Peel talks about the down trend seen in cattle numbers in feedlots across the U.S.
Peel says, the USDA reports shows feedlot inventories down as of September 1 1.3% from one year ago, at 10.98 million head. This is the first decrease in year over year monthly cattle on feed totals in 33 months, he added.
"Feeder cattle prices in Oklahoma improved last week with nearby feeder futures rallying to fill the August down gap," Peel said. "The supportive cattle on feed report and growing demand for wheat stockers will likely add further market support in the near term, at least until larger runs of calves and yearlings show up in October. USDA-NASS reported seven percent of Oklahoma wheat planted as of August 16. I have noticed numerous wheat fields emerged in the past week. Some wheat pasture will no doubt be ready for grazing by November 1."
Click or tap here to read more from Peel regarding cattle on feed numbers.
Last week, we reported that multiple Oklahoma farmers were defrauded out of thousands of dollars by an authorized Sukup Manufacturing dealer, who allegedly took the farmers' money but never delivered the grain bins that had been purchased. We spoke with one of the victims, Cody Sloan, who remarked that no effort had been made by Sukup Manufacturing to rectify his complaint against Salt Fork Grain, the Alva, Okla. dealer he conducted his business with. Salt Fork Grains did not respond to our inquiries about the case, however Sukup Manufacturing reached our to us after the original story was published to comment on the story.
In a statement issued by Sukup Manufacturing, the company pushed back on the accuracy of Sloan's side of the story- claiming that the company had never received any down payments and was therefor not liable for reimbursement.
"The parties' contract is with Salt Fork Grain, an independent business. Salt Fork Grain does not represent Sukup Manufacturing, and Sukup Manufacturing is not a party to the contract," Sukup's statement reads. "It is also factually inaccurate that Sukup '(has) not done anything.' The reality is that Sukup put forward numerous solutions to resolve the issue, which the parties did not accept."
It appears that Salt Fork Grain is no longer affiliated with Sukup Manufacturing, as it has been removed from the Sukup Manufacturing website's dealer locator. Click here to read Sukup's full rebuttal.
At AFR Insurance we are proud to have served Oklahomans and their communities for over 100 years. We know that insurance is more than talking about being there for you, it is about actually being there for you. We are here to give you a peace of mind by offering you the best insurance products at an affordable price. AFR Insurance offers auto, home, farm and life insurance to all generations, from young to old, we are here for you day in and day out.
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K-State's Glynn Tonsor Says Struggling Cattle Markets Propped Up By Robust Domestic Beef Demand
Extension Livestock Market Economist Dr. Glynn Tonsor of Kansas State University works on demand numbers on a regular basis including both international and domestic demand focusing on all three major meat commodities: beef, pork and poultry. According to Tonsor, the latest numbers are out and based on that data, he believes despite the many outside factors that have impacted the markets recently, beef demand domestically has remained relatively resilient.
"There is a really good story here for the month of July," Tonsor said citing the all fresh beef price calculated into his index reflecting the numbers compiled from January through July 2019. "Based on that, beef demand domestically was up five percent from the same July the year before and in fact that actually makes five out of seven months (January through July) that is up from a domestic beef demand perspective. That's a really good story."
Tonsor adds that pork was up all seven months and poultry up three of those same seven months, with all three meats up during the month of July. However, while demand was up, prices in the cattle market were noticeably down. Tonsor admits that seems to be a bit of a contradiction but explains there are multiple reasons that account for this situation, primarily the anticipation of higher corn and feed prices and the general uncertainty in trade. Even in the face of this uncertainty though, he says prices have proven resilient supported by the market's sustained confidence in the supply chain.
Listen to Tonsor's full analysis of the current beef market situation on yesterday's Beef Buzz - click here.
Ereman and Gossen Named Grand Champion Bakers at Oklahoma State Fair's Best of Wheat Contest
Katherine Ereman from Arnett, OK in Ellis County, placed first in the Other Wheat Bread Category of the Senior Division at the State "Best of Wheat" Bread Baking contest held on this past Sunday at the Oklahoma State Fair. Her entry of Cheesy Onion Braid topped the class also winning her the title of Grand Champion for the Senior Division with her entry.
Bailey Gossen from Corn, OK in Washita County, placed first in the Specialty Shaped Bread Category of the Junior Division at the State "Best of Wheat" Bread Baking contest. Her entry of Star Bread topped the class also winning her the title of Grand Champion for the Junior Division.
The contest is an annual event sponsored by the Oklahoma Wheat Commission and State Fair of Oklahoma. This year's event attracted 121 entries from 39 counties. Click here to read more about the winners and their entries.
Agricultural Grants and Loans Available Through Oklahoma Agriculture Dept., Application Deadline Oct. 1
The Agricultural Enhancement and Diversification Program is designed to drive rural economic development by helping to create new revenue opportunities on the farm. AEDP helps fund qualified agriculture-related projects across the state with zero percent interest loans and grants with the goal of expanding the state's value-added sector and encouraging farm diversification.
There are five funding sources available: a farm diversification grant, an agricultural event grant, a marketing and utilization loan, a cooperative marketing loan, and the basic and applied research loan/grant. The application process is simple and applications are accepted quarterly. The deadline to apply is October 1.
Individuals with innovative ideas for starting production of a non-traditional/specialty crop or livestock based project, on-farm processing of an agricultural product or creating an Agritourism venue are encouraged to apply. Grants are available up to $10,000. The Marketing Utilizations loan is available to any agricultural business wanting to promote their product. Loans can not be used to purchase capitol assets. The application form and additional information about each loan can be found by clicking over to our website.
|And Finally- Anxiety Levels are Elevated in Cattle Country- Expecially if You Have Cattle in a Feedlot
Cattle Markets have clawed back a little of the huge loss that hit all segments from the Tyson Plant Fire in early August- Yesterday's sales at the Oklahoma National Stockyards showed another $3 to $5 up for stocker and feeder cattle (see the details over on the left side of this email).
But those numbers are still less than what the market was back in early August before the beef packing plant fire.
And at the feedlot level- the red ink is neck deep and still rising- feedlot closeouts are around negative $200 per head- and packers are in the black to the tune of $400 per head. That has given fresh ammunition to those that believe beef packers are colluding- and that has prompted a fresh COOL call by one of the cattle groups that have no footprint to speak of in Oklahoma- the United States Cattlemen's Association (USCA) sent a letter to President Donald J. Trump reiterating that a successful renegotiation of the North American Free Trade Agreement (NAFTA) includes the reestablishment of a country-of-origin labeling program for U.S. beef.
In the letter, USCA President Kenny Graner writes,
"Though COOL failed to make it into the final text of the U.S.-Mexico-Canada Agreement (USMCA), there is still an opportunity to address the unfair treatment of cattle and beef in this trade agreement, which has resulted in economic harm over the years to cow-calf producers, backgrounders, and feedlot operators.
"The impact of a poor cattle market and decreasing live cattle prices coincide with the continued decline in America's rural economy and the rising income disparity between rural and urban residents. The rural America that overwhelmingly supported you in the 2016 election due to your "America first" agenda now has one simple ask, Mr. President.
"On behalf of our nationwide membership, we respectfully request the inclusion of a country-oforigin labeling program for U.S. beef products within the context of USMCA."
Speaking of COOL- there was an article in a northern publication called the Tri State Livestock News that claims the Beef Packers being sued by R-Calf for Collusion have admitted in a paper filed with the Federal Court that COOL resulted in higher prices for cattlemen.
I was curious- so I went to the Federal Courts website, paid my three bucks to get the document in question and discovered that the Packers were actually citing Bill Bullard of R-Calf on the COOL claim. Based on how I read their argument- they are saying that the CEO of the group that is suing them believes that COOL's demise resulted in lower prices- not Packer Collusion. The packers seemed to be telling the court that Bullard can't have it both ways. (the comments about COOL and the reference I have mentioned comes on page 30 and 31 of the legal brief- click here for our story that has the PDF of the complete brief.
This Tri State article sparked a conversation I had with the cattle producer in the region that is fed up with the current cattle scene- and his pain is deeper right now as he has cattle in a feedlot and is going to lose a LOT of money on them. We went back and forth on the subject and I pointed out that the packers were claiming the COOL law was something they could not control- his response- "Was it really beyond their control? This makes it even worse, because by that logic, THEY (packers) are the "victim" of legislation that essentially gave them license to import beef and then relabel as USA beef.... at the expense and detriment of domestic producers."
Lots of pain for many in cattle country- this conversation will continue.
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