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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.
OKC West in El Reno had too few receipts in their cow and bull turn for a market test on Monday
The Oklahoma National Stockyards
had just 1,208 head on Monday- Compared to last week: Feeder steers and heifers sold 9.00-15.00 lower. Steer and heifer calves were to lightly tested for an accurate trend, however a sharply lower undertone is noted. Demand light.Click or tap here for the complete report
from USDA Market News.
Okla Cash Grain:
Joplin Regional Stockyards also had exceptionally light receipts and lower prices on Monday- Click or tap here
for their report.
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 17, 2020
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 beef supply chains are impacted by COVID-19
The cattle and beef industry, along with the rest of the U.S. and global economy is in uncharted waters with the coronavirus pandemic. There are many unknowns about the timing, severity and aftermath of the disease. For the beef industry, there are longer term questions about overall impact on domestic and international beef demand, with questions about a U.S. and global recession looming large. In the short run, the actions needed to manage the epidemiology of COVID-19 is having significant impacts on beef supply chains.
The multitude of beef products that are produced by the beef industry are marketed through three broadly aggregated market channels: Retail grocery; food service; and exports. These different market channels involve different mixes of products and each utilizes different supply chains. Retail grocery and food service represent the bulk of domestic beef demand. USDA data shows that food at home (which roughly matches retail grocery) represents about 46 percent of total food expenditures in the U.S. Food away from home represents about 54 percent of total food expenditures. Food away from home (roughly food service), includes what is sometimes referred to as the HRI (hotels, restaurants, institutions) sector.
The immediate response to COVID-19 is to limit travel, gatherings and public activities. Reduced travel, fewer restaurant visits and school closures all impact the HRI sector. This implies a dramatic shift of food from the food service (HRI) sector into retail grocery sales. This represents huge demands on grocery store sales and the logistics of supplying retail stores. For beef, there is immediate demand for more processing, packaging and shipping of beef for retail sale and less processing and shipping of meat through food service distribution channels.
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.
Spring is quickly approaching the Plains and that is showing up in the latest USDA crop progress reports for Oklahoma, Kansas and Texas for the week ending March 15.
The Oklahoma wheat crop this week is rated 67 percent good to excellent (last week it was 58 percent), 17 percent fair (36 percent last week) and 16 percent poor to very poor (6 percent last week).
Oklahoma pasture and range condition were rated at 53 percent good to excellent, up 12 percent from last week, 40 percent in fair condition, up one percent from last week, and 7 percent poor to very poor, a 4 percent improvement. Livestock condition was rated at 72 percent good to excellent, a 7 percent improvement, fair at 25 percent,(last week was 31 percent), 3 percent in the poor category, down one percent from last week.
The latest information from Kansas for the week ending March 15, topsoil moisture supplies rated 5 percent very short, 15 short, 62 adequate, and 18 surplus. Subsoil moisture supplies rated 7 percent very short, 14 short, 68 adequate, and 11 surplus.
The Kansas winter wheat condition are rated 46 percent good to excellent this week (47 percent last week), 42 percent fair (40 percent last week) and 18 percent poor to very poor, the same as last week.
The Texas wheat crop is showing improvements across the board as the crop is rated 36 percent good to excellent this week (26 percent last week), 42 percent fair (40 percent last week) and 22 percent poor to very poor (34 percent last week).
Livestock, Range and Pasture: Livestock were rated in fair to good condition this week. Supplemental feeding continued across most of the state but slowed in areas of North East Texas. Pasture and range conditions were rated mostly fair to good, though pasture conditions varied greatly across the state. Feral swine damage continued in areas of East Texas while hog sighting had increased in the Blacklands.
Range and pasture conditions are rated 32 percent good to excellent this week (38 percent last week), 36 percent fair (34 percent last week) and 32 percent poor to very poor (28 percent last week)
Click or tap here for our webstory with links to the state updates from NASS.
The Oklahoma Pork Council has created a series of videos that instruct livestock showers on Biosecurity after the show. The Videos's cover how to isolate any animals that return home, properly clean and disinfect equipment, care for leftover feed, and also cover how to clean their truck and trailer.
I caught up with with Roy Lee Lindsey from OkPork after the Oklahoma Youth Expo, who says its important to know when you bring animals together you run the risk of spreading disease. He says these videos are an easy way to follow the information, and to share the information with others.
Lindsey says there is currently some heightened attention and people are paying closer attention to their animals, "I think there is a greater focus, and attention on it. Its a shame we need events like last year, and what is going on elsewhere in the world for us to pay attention to what I think are those really important details. These things draw attention to what is important and I'm hoping that our exhibitors and their parents, and our teachers will all take this to heart, and will follow these things as we head home.
AND- to help you get started on the videos- here is the first one:
After the Oklahoma Youth Expo Heifer Show, I caught up with Shane Bedwell as he was judging the heifer classes at this year's Oklahoma Youth Expo. Shane is the COO and Director of Breed Improvement for the American Hereford Association.
Bedwell said we're moving "at the speed of light" in fine tuning cattle genetics.
We're making rapid progress in genetic evaluation tools, Bedwell said. This is giving us more accurate predictions and is a great start to expected progeny differences.
Bedwell said this is a great opportunity for Hereford producers to highlight their cattle genetics in terms of longevity, hardiness, durability and docility. It's all tied together in a pretty good package for producers.
We're seeing a lot of success by our breeders selling bulls into commercial cow herds that need genetic variety, Bedwell said.
He expects during the next five years we will continue to see increases in the efficiencies that Herefords are known for.
Bedwell added he is optimistic we will get through the current economic downturn and he sees a lot of promise in the market the next 6 to 8 month.
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The following is a statement from the Oklahoma Department of Agriculture, Food and Forestry:
"We regret to inform you that this year's Ag Day at the Capitol event has been cancelled, due to the outbreak of COVID-19 and the announcement of limited access to the Capitol building until further notice. The safety of Oklahoman's is our top priority. We sincerely apologize for any inconvenience this may cause and look forward to celebrating our industry with you all at our state's Capitol next year.
"The 2020 Event had originally been planned for April 14, 2020
"The 2020 Governor's Hall of Fame applications are in the process of being graded and that ceremony will be rescheduled at a later date. Thank you all for your patience and feel free to reach out to us if you have any questions."
We also have word that meetings planned by the Western Peanut Growers and Plains Cotton Growers have been cancelled- click on the name of the group to see the releases we have posted on our website.
Todd Hubbs of the Department of Agricultural and Consumer Economics at the University of Illinois gives a weekly outlook on the Corn Demand over the near term.
The sharp price drops across equity and commodity markets over recent trading sessions indicate investors foresee a drop off in economic activity over the near term. Only the duration and severity of the economic contraction remain uncertain. A severe contraction extending into the summer does not bode well for agricultural commodity prices. Corn demand will suffer over the short run with corn used for ethanol setting up for particular weakness.
The wave of cancellations in response to the pandemic in the U.S. continue to pile up. An increase in canceled trips and reduced commuting in major metropolitan areas points toward a severe reduction in gasoline consumption. Estimates of a 15-20 percent reduction in gasoline use seem to be the expectation for many industry analysts over the next couple of months. While weekly estimates of ethanol production continue to show more than a million barrels a day through March 6, the prospect of reduced ethanol production looks certain.
If gasoline consumption falls by the expected amounts over the next two months, corn used for ethanol production may lose 120 - 170 million bushels. A continuation of reduced economic activity for an extended period will only exacerbate the demand loss. The price war between Saudi Arabia and Russia in the oil market saw gasoline prices fall and appears set to continue into the summer driving season. If the U.S. economy can recover, strong ethanol use looks likely as we move into the final months of the marketing year. Over the short run, the reduced consumption of corn used for ethanol places an added emphasis on export markets for corn prices.
The Thunderstruck OYE Update
First- we remind you that the Night of Stars Gilt Show is happening today- online bidding starting at 11AM- and will close tonight at 8 PM central time.
This is an online sale only- not all of the 120 lots originally planned to be sold are being offered. It appears that 32 of the Gilts that were awarded slots are participating. Click here to view all of the gilts being offered.
More details and contact numbers to ask questions are available here.
The Sunday Afternoon decision and the chaos that followed was a tough thing to experience and walk through as the reality sank in- OYE had come so far- but would not go farther.
The Purebred Heifers were getting into the drive for Supreme Champion as the decision was finalized and a statement was being drafted- and it was decided on the fly that the Commercial Ewes that were scheduled to start showing first thing Monday morning would get their shot Sunday night. That happened and one of the best commentaries of that next few hours comes from OSU's Dr. Jerry Fitch- who wrote this on Facebook:
This is a difficult post to write, finished showing sheep at about 12:30am after finding out this evening that we were not going to be allowed to finish the 2020 OYE. I promise you that all of the OYE Staff did everything in there power to keep this show rolling! After everything going on at Houston, I really thought we were going to be allowed to finish the show! That did not happen.
We were allowed to keep showing into the night, at least allow those kids that have put in
so much blood, sweat and tears to show one last time! We moved the Commercial Ewe Show up and then finished about midnight with one and only one Senior Showmanship contest for those seniors that were not going to have the opportunity to do this again!!
All I can say is that all involved were humbled by the group of seniors that showed in the sheep ring at midnight!! I am proud of each and every one of them and even more proud of our Ag Community for doing everything in their power to finish strong!
To those that shed tears last night with the cancelling of the 2020 OYE show, you were not alone! I couldn't hold it together when those seniors entered the ring to "Thunderstruck" for the final time!
The Senior Ewe Showmanship was won by Kailen Urban- Reserve was captured by Riley Scott.
The OYE did announce that they are working on ways for Seniors that were unable to show market animals in 2020 to be given an extra year of eligibility if they want to show in 2021. Stay tuned for further details.
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