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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.
It was a tough day on Monday for the Ag Markets everywhere you look- that included the Oklahoma National Stockyards in Oklahoma City
where cattle buyers saw the limit down moves in Cattle Futures, Lower Oil Prices and Stock Market Values- and bid calf and yearling prices sharply lower- click here for the complete report
from USDA Market News.
OKC West in El Reno saw mixed prices for their cow and bull turn on Monday, March 9- click or tap here for the complete report from USDA Market News.
Okla Cash Grain:
Joplin Regional Stockyards
also saw cattle prices drop sharply- the oil price drop and coronavirus fears overwhelming fundamentals- click here for the complete report
on our website from USDA Market News for Joplin.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Sam Knipp, Farm 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, March 10, 2020
OYE Beginning 2020 Run- Breeding Stock Starts Arriving This Evening
Following a record-breaking performance in 2019, U.S. pork exports maintained a torrid pace in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). January beef exports were also higher year-over-year, while exports of U.S. lamb trended lower.
January pork exports cooled slightly from the volume and value records established in December 2019, but still far exceeded year-ago levels. Both the January export volume of 273,603 metric tons (mt), up 36% year-over-year, and export value ($738.7 million, up 50%) were the second highest on record.
Export value per head slaughtered was $62.53, up 40% from a year ago. Exports accounted for 29.8% of total pork production and 27.4% for muscle cuts only, up substantially from last January's percentages (23.6% and 20.3%, respectively).
Beef exports posted more modest growth in January, increasing 2.5% from a year ago in volume (107,374 mt) and 5% in value ($672.7 million). But beef muscle cut exports were the highest ever for the month of January at 81,342 mt, up 4% from a year ago, while muscle cut value increased 5% to $589.2 million.
Export value per head of fed slaughter was $302.93, up 3% from a year ago. Exports accounted for 13.1% of total beef production, down slightly from a year ago, and 10.6% for muscle cuts only (steady with January 2019).
Release of the January export data comes as coronavirus is dominating news headlines, including those related to global trade. USMEF President and CEO Dan Halstrom said the virus has had an impact on red meat exports, which will likely be more evident in February and March data, but a number of supply and demand fundamentals and market access improvements have underpinned continued strong export volumes.
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.
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel talks about how Covid-19 is impacting beef demand.
Wholesale beef prices typically increase seasonally from February into March but have showed only scant improvement from the February low three weeks ago. Last week, the Choice boxed beef cutout was $206.94/cwt., up $1.23/cwt. from the February low, but 8.0 percent below the same time last year. Wholesale cutout values are increasingly lower in recent weeks compared to year ago levels.
Current wholesale values are lower year over year for all beef primals. Rib primal values have moved seasonally higher since February but are currently 10.4 percent below values at this time last year. Loin primal values likewise have increased seasonally but were 10.8 percent lower year over year last week. Brisket values are down the most, currently 13.8 percent lower than the same point last year. Chuck primal values are down 7.0 percent year over year. Round primal values have been the strongest and were above year earlier levels until last week, dropping to 1.3 percent lower than the same time last year.
The National Ag Statistics Service State Offices updated their Crop progress and conditions for Oklahoma, Kansas and Texas on Monday afternoon.
In Oklahoma, Rainfall totals averaged 0.17 of an inch across the state last week, with the Southwest district recording the highest totals at 0.37 of an inch. According to the March 3, US Drought Monitor Report, drought conditions were rated 14 percent abnormally dry to severe drought, up 1 point from the previous week. Additionally, 5 percent of the state was in the moderate drought to severe drought category, unchanged from the previous week. Statewide, temperatures averaged in the upper 40's. Topsoil and subsoil moisture conditions were rated mostly adequate to short. There were 5.6 days suitable for fieldwork.
The 2020 Winter Wheat Crop in Oklahoma is 58% in good to excellent condition, 36% fair and 6% in poor to very poor condition. The 58% is up one point from a week ago.
Based on the available information out from Kansas, - For the week ending March 8, 2020, there were 5.8 days suitable for fieldwork, according to the USDA's National Agricultural Statistics Service. Topsoil moisture supplies rated 9 percent very short, 16 short, 68 adequate, and 7 surplus. Subsoil moisture supplies rated 7 percent very short, 17 short, 71 adequate, and 5 surplus.
For Kansas- Winter wheat condition rated 47% good to excellent, 35% fair and 18% poor to very poor- that 47% is a four point improvement over one week ago.
Finally, across Texas, Most of Texas received from trace amounts to upwards of 3.0 inches of precipitation last week. Some counties
in the Low Plains, the Edwards Plateau and East Texas received in excess of 4.0 to 5.0 inches. There were 5.6 days suitable for fieldwork
Statewide, the Texas wheat crop is rated 26% good to excellent, 40% fair and 34% in poor to very poor condition. That's a significant drop in the wheat crop ratings for Texas from one week ago- which was at 36% good to excellent in the March 2nd report- the slide was straight from good to excellent over to poor to very poor which showed an 11 point uptick in one week.
I spoke with Dr. Kathy Simmons, chief veterinary officer for the National Cattlemen's Beef Association for an update on the animal health provisions of the 2018 farm bill. Dr. Simmons said it really is a three-legged stool which includes funding for an animal health laboratory network, animal vaccine bank and a preparedness program.
The key disease that was focused on during the 2018 farm bill discussions is Foot and Mouth Disease- and while the United States has not had a case of FMD since the 1920s- watching other countries deal with it over the last ten to twenty years has caused a lot of worry about "What if" the US should have a case discovered in our hog or cattle herds. As a result, the organizations that represent animal agriculture pushed hard for the authorization and funding- and Dr. Simmons said with those dollars now available- the USDA is in the process of asking drug companies how much vaccine they can provide at what cost.
Identifying various strains is difficult, Simmons said.
"It's a scientific educated guess," Simmons said. We have virologists on staff looking at the top 10 or 12 strains that are at-risk for coming into this country. All of this is confidential as there is always the bioterrorism concern, Simmons said.
Preparing for an animal disease outbreak is also important. Simmons noted the negative impact in other countries of diseases including African Swine Fever that we don't want in the U.S.
Simmons said they are currently working with the USDA in expanding exercises and preparedness drills.
National Livestock was founded in 1932 in Oklahoma City. National's Marketing Division offers cattle for sale weekly at the Oklahoma National Stockyards in Oklahoma City. The Finance Division lends money to ranchers across several states for cattle production. The Grazing Division works with producers to place cattle for grazing on wheat or grass pastures.
National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation's premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today's producer. To learn more, click here
for the website or call the Oklahoma City office at 1-800-310-0220.
The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) is seeking nominees for the United Sorghum Checkoff Program board to fill five vacant producer positions, including one to represent Kansas, one to represent Texas and three at-large positions. The deadline for nominations is May 11, 2020.
Any U.S. sorghum producer who owns or shares in the ownership and risk of loss of sorghum can be considered for nomination. U.S. Secretary of Agriculture Sonny Perdue will select individuals from the nominations submitted by Certified Producer Organizations.
A list of Certified Producer Organizations and the nomination form are available on the AMS United Sorghum Checkoff webpage.
We have attended the Alltech Ideas Conference several times in recent years- but won't be going back to our old Kentucky home this year as the global company has pulled the plug on the actual event- instead will producing the sessions and releasing them online- making them available as of May 18, 2020.
According to their news release- Alltech has been closely monitoring the COVID-19 outbreak, with particular consideration for ONE: The Alltech Ideas Conference (ONE). The annual event was scheduled for May 17-19 in Lexington, Kentucky, and typically assembles more than 3,500 attendees from 70 countries for an exploration of innovative solutions across the global food supply chain.
In light of rising health concerns related to coronavirus, Alltech will present ONE session topics online, transitioning to a virtual experience instead of a live event in 2020.
"Our first priority remains the health and safety of attendees, our colleagues and the communities in which we live and work," said Dr. Mark Lyons, president and CEO of Alltech. "With that in mind, we have decided to host this year's international conference on a virtual platform, allowing registrants from around the world to engage in industry-leading content in a way that is accessible for everyone."
The Oklahoma Cattlemen's Association will host 'Beef Day' at the State Capitol on Thursday, May 14. The event will take place in the Capitol Rotunda from 9:30 a.m. - 1 p.m.
The purpose of Beef Day is to provide our elected officials and those that work with them a tasty beef meal while promoting beef and building relationships. Oklahoma is the 5th largest beef producing state with more than 55,000 ranches statewide.
"Beef cattle is Oklahoma's number one agriculture commodity adding over $3 billion to the Oklahoma economy annually," said Michael Kelsey, OCA Executive Vice President. "It's important for us to educate our elected officials that beef is more than just what's for dinner here in Oklahoma!"
In addition to the OCA, The Oklahoma Beef Council, Oklahoma CattleWomen, Noble Research Institute and the Oklahoma State University Animal Science Extension set up booths inside the capitol rotunda all in an effort to promote beef and enlighten attendees on the daily, diligent efforts of ranchers to care for land and cattle.
"Events like this are a great tool to educate and create relationships," Kelsey said. "Cultivating relationships with legislators and their staff is vital to my staff and I while advocating for Oklahoma beef producers."
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