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Let's Check the Markets!
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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
sold calves on Tuesday- 1,500 was the estimate and no trends from last week's trade were available-five to six hundred pound Medium and Large Frame 1 Steer Calves sold from $158 to $178. Click here for the complete report
from USDA Market News.
Okla Cash Grain:
Wholesale Boxed Beef
Trade was sharply lower on Tuesday afternoon- Choice off $7.82 at $243.15. Click here
for the afternoon summary from USDA Market News.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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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
Wednesday, April 1, 2020
OSU Extension Agricultural and food policy specialist, Dr. Amy Hagerman talked about several ag policy issues during an OSU Webinar on Tuesday.
Hagerman said right now we are in a whole new world when it comes to policy and trade because of the fear and uncertainty surrounding the coronavirus. With movement restrictions in place, it makes it hard to see what may happen in the future. Still, she wants to remind producers about the WHIP program that was extended for additional coverage for drought. Hagerman says Oklahoma falls into the drought qualifications, "That program has opened up for enrollment. It opened up on Monday."
The map above shows the counties that are eligible for WHIP+ BLUE AND GREEN COUNTIES are eligible- so MANY Oklahoma producers need to be reviewing if there is a payment to be had or not
COVID-19 has affected office staffing at FSA, but Hagerman says she believes we will see some extended deadlines for various programs, and a shift where offices try to do more things over the phone or online for the time being.
Hagerman said the one thing producers could do to be ready is to have your records prepared if you are in an eligible county, "The WHIP plus payment is going to be based on the value of the crop and will also include and insurance indemnities that you receive. So have your paperwork ready, and when the time comes that you can get into an office or speak with someone, you will have everything you need, and you'll be ready to go for that program."
Hagerman also discussed the CARES act, which includes $9.5 Billion for Ag Programs. This bill specifically targets specialty crop producers, livestock and dairy producers, and farmers marketing locally. Hagerman says the money set aside for agriculture is about 49 billion dollars, "that represents less than 1% of the overall spending package."
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US Corn Acreage Estimates at 97 Million Acres- Higher Than Expected- Oklahoma Has Third Most Cotton and Winter Wheat Acres in the US
The USDA released the 2020 Prospective Plantings Report on Tuesday- here is the overview at the top of the report from NASS:
Corn Planted Acreage Up 8 Percent from 2019
Soybean Acreage Up 10 Percent
Sorghum Acreage is Up 11 Percent
All Wheat Acreage Down 1 Percent
All Cotton Acreage Down Less Than 1 Percent
Corn planted area for all purposes in 2020 is estimated at 97.0 million acres, up 8 percent or 7.29 million acres from last year. Compared with last year, planted acreage is expected to be up or unchanged in 38 of the 48 estimating States. The estimate was provided to USDA by farmers before the significant fall off in ethanol useage- which could hurt corn prices in the year ahead. Several analysts suggest that 97 million acres is much higher than what the likely final planted number will be.
One crop that could see a further bump in acres from when this report was compiled is grain sorghum.
USDA indicates an 11 percent increase in sorghum acres for 2020. Tim Lust with the National Sorghum Producers says of that increase- "While we are pleased to see a projected year-over-year increase in acres, a lot has changed in our world since the surveys used to help formulate this report were taken in February, and we feel there is greater opportunity for increased sorghum acres in the United States for the 2020-2021 marketing year.
"When the analysis was conducted in February, sorghum prices did not reflect basis appreciation from export sales that occurred since that time. Significant purchase activity by China, approaching 1 mmt over the course of the last 7 weeks, has driven basis improvements, and these purchases account for roughly 10 percent of the sorghum produced last year."
Wheat Keeps Losing Acres. All wheat planted area for 2020 is estimated at 44.7 million acres, down 1 percent from 2019. This represents the lowest all wheat planted area since records began in 1919. In the case of Oklahoma- we actually upped our planted acres for the 2020 season by 100,000 to 4.3 million acres.
As far as the state of Oklahoma is concerned- Oklahoma Upland cotton is forecast at 680 thousand acres, up 6 percent from last year. That makes Oklahoma the third largest state, acreage wise, in the US behind Texas and Georgia.
Oklahoma growers intend to plant 400 thousand acres of corn, up 8 percent from last year. Producers intend to plant 340 thousand acres of sorghum this year, 13 percent above last year. Oklahoma is the fourth largest sorghum state by acres- behind Kansas, Texas and Colorado.
Click or tap here for our webstory which includes the link to the USDA Plantings report as released yesterday.
Dr. Gregg Hanzlicek, director of production animal field investigations and outreach for the Kansas State University Veterinary Diagnostic Laboratory, is an expert on the bovine version of coronavirus and said the COVID-19 strain has nothing to do with livestock and cannot be passed to humans.
There is absolutely no indication that livestock can be carriers and be a source of COVID-19 infection to humans, Hanzlicek said.
He noted there are coronavirus strains that are found in cattle, but he makes it clear there is no relationship with the COVID-19 human version.
"These coronaviruses are very species specific," Hanzlicek said.
In addition, animal handlers do not have to be concerned about catching or spreading the virus while interacting with the animals. There is no reason to discontinue normal handling practices, Hanzlicek said.
To listen to this latest edition of the Beef Buzz with Dr. Gregg Hanzlicek- click or tap here.
Today, U.S. Sen. Jim Inhofe (R-Okla.) joined a letter led by U.S. Sens. John Barrasso, M.D. (R-Wyo.) and Michael Bennet (D-Colo.) and U.S. Representatives Phil Roe, M.D. (R-Tenn.) and Kim Schrier, M.D. (D-Wash.) to the Trump administration urging them to provide immediate assistance to rural hospitals and clinics.
The lawmakers specifically call on Health and Human Services (HHS) Secretary Azar to use the funding included in the recently passed CARES Act to sustain rural health providers.
The lawmakers point out that the vast majority of rural hospitals have ceased performing elective procedures and seeing non-urgent patients. They know the COVID-19 emergency confronting our country must take precedence. However, these actions threaten rural hospitals' financial viability.
In their letter, the lawmakers urge Azar to take immediate steps to provide financial relief for rural providers during this global pandemic:
"We are hearing from rural hospitals from across the country that have only days left of cash on hand - money needed for payroll and supplies," wrote the lawmakers. "Mr. Secretary, our rural providers need your immediate assistance. Congress has provided you with the funding and flexibility. Now it is up to the administration to respond with rapid action to sustain rural providers. Any unnecessary delay will only worsen this situation. Therefore, we request you make the financial relief of rural hospitals a priority. Rural hospitals need access to financial resources immediately and in the most streamlined manner."
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The world knows how quickly a virus can spread, as COVID-19 extends its tendrils throughout the globe. The coronavirus epidemic reminds U.S. livestock producers how critical it is to have a vaccine bank in advance of a foreign animal disease (FAD) threat like foot-and-mouth disease (FMD). While FMD is not zoonotic (it impacts cloven-hooved animals only), its economic impact would be significant if it were to hit the U.S. According to the Food and Agriculture Organization of The United Nations, "the global annual cost of FMD in terms of production losses and the need for prevention by vaccination has been estimated to be approximately $5 billion. In a severe event in 2001 in the United Kingdom, the direct and indirect impacts are estimated to have cost as much as $30 billion."
Getting the ball rolling
The 2018 Farm Bill established the National Animal Disease Preparedness and Response Program (NADPRP), which allows the United States Department of Agriculture (USDA), Animal and Plant Health Inspection Service (APHIS) to enter into cooperative agreements with states, universities, industry, and other entities on projects and research to advance animal health. It further established the National Animal Vaccine and Veterinary Countermeasures Bank (NAVVCB) to maintain sufficient quantities of vaccine and other countermeasures to help address an outbreak of foot-and-mouth disease (FMD) or other high consequence foreign animal disease. In addition, it reauthorized the National Animal Health Laboratory Network (NAHLN) with authorized appropriations of $30 million per year.
On March 30, APHIS announced that it had established a consultation board to assist the agency with implementation of the National Animal Disease Preparedness and Response Program. The consultation board will recommend annual funding priorities, provide input to improve program policies and processes, nominate experts to review and rank funding proposals, and make recommendations for the program's annual spending plan.
The United Sorghum Checkoff Program has launched an initiative to increase market value for growers by positioning sorghum as a sustainable solution for food, feed and energy sectors that serves the global community and its needs for nutrition and environmental health.
The board also recently named Kira Everhart-Valentin as the organization's first sustainability director.
Everhart-Valentin will be responsible for developing and leading the sorghum industry's sustainability initiatives and will continually assess opportunities for investment and collaboration to increase the value of sorghum for farmers and industry stakeholders.
"We are delighted to have Kira join the Sorghum Checkoff," Sorghum Checkoff Executive Director Florentino Lopez said. "Her unique skill set and experience will bring a meaningful perspective to developing and maintaining a sustainability strategy that appropriately highlights sorghum's potential as an environmentally sustainable crop while still respecting the importance of maintaining economic stability for sorghum producers."
Everhart-Valentin is a graduate of Kansas State University and has a master's degree in political science and a bachelor's degree in agricultural communications and journalism in addition to bachelor's degrees in modern languages and international studies.
She has worked in the sorghum industry for a number of years, beginning with serving Western Kansas farmers and businesses. Most recently, she served as the program coordinator with the USAID Feed the Future Innovation Lab on Collaborative Research on Sorghum and Millet at Kansas State University, working extensively internationally.
In this role, she managed a global program on sorghum and millet with partners across nine different countries.
Dr. Kim Anderson Offers Analysis Ahead of Wheat Harvest Season
Crop Marketing Specialist, Dr. Kim Anderson at Oklahoma State University offers this market analysis on grain prices the past few weeks:
"Oklahoma wheat prices may peak in the June through August time period. Worldwide, consumers have been hoarding bread, pasta, flour and rice. Bakers have increased production, which has increased flour demand. In response, flour mills are increasing the production of flour, which increases the demand for wheat. Wheat prices are rising and some countries are releasing wheat out of reserves.
On the supply side, Russia appears to have decided to increase wheat stocks. (Russia's wheat ending stocks-to-use ratio was projected to be 10 percent compared to 43 percent for the U.S. and 31 percent for the world.) There is also concern that the COVID-19 lockdown in India and other countries may impact the 2020 world wheat harvest (harvest is starting in India, Pakistan, and North Africa) and that COVID-19 is impacting transport of commodities from the interior to the export market.
Another concern may be that the U.S. hard red winter wheat harvest starts in Texas in about six weeks and will be in Oklahoma the last of May. Producers may want to develop harvest strategies in the case that custom harvester movement is limited. Producers who harvest their own wheat may consider generating additional income by agreeing to custom harvest additional acres.
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