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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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
At the Oklahoma National Stockyards- 10500 head were reported on hand-
Compared to last week: Feeder steers steady to 2.00 higher. Feeder heifers trading unevenly steady. Steer calves 1.00-3.00 lower and
heifer calves steady to 2.00 lower on calves over 450 lbs. Lighter weight calves not well tested, but a higher undertone was noted. Click here for the report from USDA Market News.
At OKC West
in El Reno slaughter cows sold mostly 3.00-7.00 lower, slaughter bulls sold 6.00-8.00 lower - click here
to review the complete sale report from the USDA.
The Monday sale at the Joplin Regional Stockyards saw 5,659 head of cattle being sold- Compared to last week, steer and heifer calves 3.00 to 7.00 lower, yearlings steady. Few Buyers with calf orders, most interested in
has 231 head of cattle on their showlist for the upcoming Wednesday, October 23rd sale of finished cattle - click here
to jump 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, October 22, 2019
| Featured Story:
The Beef Checkoff is undergoing a year-long process to determine direction for the organization over the next five years. The long-range strategic planning process for the beef industry is underway, a process that pulls together key leaders from all over the country representing different sectors of the beef business.
Updated every five years, the Beef Industry Long Range Plan is the standard the beef checkoff focuses on as one strategic direction, identifying key areas to advance beef demand. Since 1995, industry leaders have gathered to develop an aligned, comprehensive plan with the goal of increasing consumer demand for beef.
The leaders are brought together to study and compile major areas of opportunity for the next five years. The current plan, in place since 2016, focuses on increasing beef demand and growing consumer trust.
The newly appointed committee will convene over the next several months and consider all aspects of the industry from production trends, economic factors, foreign markets, consumer trends, and the competitive climate.
Click here to read more on the updated beef industry long range plan.
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 USDA released its latest Crop Progress Report on Monday, October 21, 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 declined this week at 56% good to excellent condition compared to 55% last week. This still looks a bit less desirable compared to last year's rating at this time of 68% good to excellent. Corn harvested came in at 30% this week versus 22% last week, the five-year average at this time is 47%. The good to excellent ratings for soybeans this week came in the same as last week at 54% this week. Still behind last year's 66% good to excellent ratings. Soybeans harvested this week came in at 46%, versus 26% last week, the five-year average is 64%. Winter wheat planted this week came in at 77%, versus 65% last week, the five-year average at this time is 75%. Winter wheat emerged came in this week at 53%, versus 41% last week, the five-year average at this time is 53%.
Click here to review the full USDA Crop Progress Report for the week of October 21, 2019.
Winter Wheat Planting continues in the southern plains- Oklahoma has reached 80% planted, Texas 68% and Kansas 7%- all close with the average or ahead of the average in their respective states.
Otherwise- State by State:
In Oklahoma, pasture and range condition this week in Oklahoma are reported at 11% poor to very poor, 37% fair and 52% good to excellent. Most spring crops continue to catch 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 10% poor to very poor, 28% fair, 62% 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 18% good to excellent, 31% fair and 51% 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 52% -5%
Kansas 62% -2%
Texas 18% +1%
In this week's edition of the "Cow Calf Corner" newsletter, Dr. Derrell Peel talks about the impact African Swine Fever is having on the global protein markets.
"African Swine Fever (ASF) continues to roil protein markets in Asia, especially China, and other parts of the world," Peel said. "The disease continues to spread and impacts are growing and very dynamic in nature. However, the latest data from USDA Foreign Agricultural Service (USDA-FAS) shows that the pattern of impacts on global protein markets is beginning to be revealed. No doubt numbers will change with more time."
Peel says the epicenter of ASF is China, which as of 2018 produces nearly half of the world pork production. The estimates of loss ranges widely. However, mostly the guess is they have lost half of their swine herds.
You can read more from Peel regarding the affects of AFS on the global protein markets, by clicking or tapping here.
Plains Grains report this week that the 2019 HRW wheat crop is a sharp contrast compared to the 2018 crop which struggle with limited moisture throughout the growing season leading to a low production year. This did however, lead to a strong protein concentration in the kernel. The 2019 crop was planted and developed in a favorable environment throughout the growing season including abundant rainfall late in the growing season. The growing season was so favorable the crop in most areas matured 10 days to 2 weeks later than normal. The environment effect was virtually no stress in the crop in the Northern, Central and Southern Plains while areas of the Pacific Northwest and Montana battled weather extremes. These conditions provided for record, or near record, yields and larger than normal compact kernels (high TKW and kernel diameter) where favorable conditions existed.
The 2019 US Hard Red Winter (HRW) wheat crop planted area continues to hover at historic 100 year lows. However, the 2019 HRW production is estimated at 840 million bushels (22.9 MMT) and is up 27% from the 2018 crop of 662 million bushels (18.0 MMT) while planted area remained virtually unchanged. Large beginning world stocks and low prices (still below the cost of production) partially offset the marked production increase. USDA estimated the HRW supply (excluding imports) at the 3rd highest in the last 20 years. Variable conditions challenged this crop like most years, but moisture remained adequate, or even excessive in the central and southern production areas especially, resulting generally in better than expected yields, lower than average protein, but otherwise good milling and processing characteristics. Throughout the Southern, Central and Northern Plains an unusually wet spring from late April to early June (many areas saw 20 inches (50 cm) or more over that period accompanied by severe weather) uniformly delaying harvest 2 weeks or more.
You can read more from Plains Grains, Inc. regarding the hard red winter wheat harvest/quality summary for 2019, by jumping over to our website.
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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Visit www.afrmic.com today to find your local agent and get a quick quote today!
The BlackOak Group announced today the opening of the BlackOak Farms, LLC in Cotton Co. Oklahoma. BlackOak Farms is owned and operated by John and Monica (Miller) Collison of Edmond Oklahoma. BlackOak Farms will be a full-service upland bird hunting operation, along with the traditional agriculture practices of farming and ranching. BlackOak Farms will be a full-service upscale quail hunting experience of the old-world tradition. It will offer a hunting and shooting experience that will cater to the needs and wants of every sportsman.
John Collison, President and CEO of BlackOak Farms said today "We are excited to bring BlackOak Farms to Cotton County and open a premier sporting experience. We, at BlackOak Farms, have hosted and entertained guests for years through all forms of hunting entertainment." Southwest Oklahoma and Cotton County have a rich history of not only bird hunting, but in hunting the Bob White quail. We look forward to bringing back this experience to people from all over the world. BlackOak Farms will focus on an all-around hunting experience for people of all ages.
Monica (Miller) Collison whose family has resided in Grandfield, Oklahoma, for generations was quoted as saying, "I am so happy to have the opportunity to bring BlackOak Farms back to my hometown. As a young girl growing up in the Big Pasture area, I was always seeking a path to find a way back to my rural roots. We are beyond excited that BlackOak Farms will give all walks of life the chance to experience this special quality of life that I enjoyed as a child growing up in this historical region of Oklahoma."
Click here to read more from BlackOak Inc. regarding their new operation in Cotton county.
Don Close is vice president for food and agribusiness research with Rabo Agrifinance. Over the past year, he has been discussing with the beef industry a relatively new concept which he refers to as the "grow yard." Close defines a grow yard as a niche segment in the beef pipeline situated between the stocker operator and the feedlot which provides residual housing for cattle that for one reason or another are delayed on their way to market. It is his belief that as this burgeoning segment continues to grow, it will eventually become essential to the industry. Economically speaking, he believes grow yards will have enough going for them in the future to remain sustainable.
"I think there are a host of reasons. I think one of the basic drivers behind this whole thing, the biggest one would be just the shortage of labor issue. That's not going away anytime soon," he said. "I think another big driver is the growth in beef demand we have seen in the last five to ten years both domestically and in export has been driven on beef quality. The pressure of that to continue to increase that quality is only going to increase."
In addition, Close also cites the continued contraction of grass acres available to cattle producers. He explains that as the US herd continues to expand, there will be less and less grazing acres available. He believes grow yards will offer producers an alternative option that could help displace yearling crops and open up grazing space for cows.
You can listen to the entire conversation between Close and I on Monday's Beef Buzz - here.
Four auctions were held this past week for one of the annual rituals of fall in Oklahoma- the live auction of about 20% of the total leases that are awarded to bidders of the land owned by the State of Oklahoma. The land is leased for five year contracts- and today continues the fall lease auctions- today in Enid, Oklahoma.
The Enid auction covers leases found in Garfield, Grant, Blaine, Kay and Alfalfa Counties. The sale is happening at the Garfield County Fairgrounds in the Chisholm Trail Pavillion in Enid- starting at 10 AM.
Click or tap here to learn more about the full lineup of lease auctions planned- and click here to listen to Carson's conversation from a few weeks back with the Acting Commissioner Brandt Vawter.
By the way- tomorrow's auction will be happening in Lawton- featuring tracts of land to be leased in Comanche, Cotton, Grady and Stephens.
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork Council, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Oklahoma Ag Mediation Program, Inc., 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!
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