|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 Ron Hays on RON.
Let's Check the Markets!
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, September 20, 2016
Crop Ratings Remain Fairly Steady Across the Board in Latest Crop Progress Reports
The latest U.S. Department of Agriculture crop progress report rates 74 percent of the US Corn Crop as being in good to excellent condition- unchanged from a week ago, 19 percent fair and 7 percent poor to very poor. Harvested corn reached 9 percent, 3 points below average. National soybean conditions remain unchanged from a week ago in the good to excellent ratings- still at 73 percent while soybeans are 20 percent fair and 7 percent poor to very poor. The national grain sorghum condition is up 1 percentage point from a week ago at 66 percent good to excellent, 28 percent fair and 6 percent poor to very poor. Harvested sorghum reached 29 percent, right on par with the average. National cotton conditions increased slightly by 1 point from last week in the good to excellent ratings- at 48 percent, 36 percent fair, 12 percent poor and 4 percent very poor. Harvested cotton reached 6 percent, just under the average by 1 point. For the complete USDA Crop Progress report, click here
In the weekly crop progress report from USDA, Oklahoma corn dented reached 82 percent, down 11 points from the previous year and down 16 points from normal. Corn mature reached 67 percent, down 7 points from the previous year but down 16 points from normal. Corn harvested reached 20 percent, down 11 points from the previous year and down 24 points from normal. Sorghum harvested reached 24 percent, up 1 point from the previous year but up 6 points from normal. Soybeans setting pods reached 88 percent, unchanged from the previous year and from normal. Cotton bolls opening reached 39 percent, up 11 point from the previous year but down 4 points from normal.Click here
for the full Oklahoma report.
Cotton harvest is progressing in areas across Texas, while sugar cane aphids create growing concern for sorghum producers in the High Plains. Corn harvest was 63 percent complete, 5 points higher than last week and equal to normal. Mature corn reached 75 percent, 4 points below normal. Sorghum harvest was 61 percent complete, 1 point higher than last week and just 3 points below normal. Across the state, sorghum was 78 percent mature, which is 2 points higher than the five-year average. Soybeans dropping leaves were at 71 percent, 3 points lower than normal. Cotton harvest was at 9 percent, 4 points lower than normal. Cotton bolls opened were at 31 percent, 17 points under the 5-year average.Click here
for the full Texas report.
Corn condition in Kansas rated 2 percent very poor, 6 poor, 26 fair, 55 good, and 11 excellent. Corn dented was 96 percent, near 95 both last year and average. Mature was 65 percent, equal to last year, and near 64 average. Harvested was 17 percent, behind 22 last year and behind 29 average. Soybean condition rated 1 percent very poor, 4 poor, 25 fair, 55 good, and 15 excellent. Sorghum condition rated 1 percent very poor, 3 poor, 21 fair, 58 good, and 17 excellent. Sorghum coloring was 92 percent, near 89 last year, and ahead of 75 average. Mature was 29 percent, near 33 last year, but ahead of 19 average. Harvested was 5 percent, near 6 last year and 3 average. Cotton condition rated 1 percent very poor, 2 poor, 29 fair, 64 good, and 4 excellent. Click here
for the Kansas report.
In Oklahoma, John Deere starts with P&K. They lead the way with equipment solutions, for everything from mowers to utility vehicles, tractors to hay and harvest equipment, and everything in between. P&K Equipment has ten locations across Oklahoma, and an additional nine locations in eastern Iowa. Inventory, resources, solutions that work: P&K's got it all for a wide range of John Deere equipment, and they make it their mission to do business with honesty, courtesy, and a sense of urgency. Visit P&K Equipment online, find the locations nearest you, meet your local John Deere experts, and experience the P&K/John Deere difference today.
Bad has become the new normal as ag producer confidence continues its downward spiral after setting yet another all-time low, according to the latest DTN/The Progressive Farmer Ag Confidence Index (ACI).
Overall producer confidence has fallen dramatically the past year. In that time, it plunged from a score of 98.2 to a record low of 71.9 in August. The value of 100 is neutral. Values above 100 indicate optimism, while values below signify pessimism.
"In seven years of tracking producers' attitudes about their economic situation and prospects, producer confidence has never been worse," said DTN Editor-In-Chief Greg Horstmeier.
The confidence index, which surveyed 500 crop and livestock producers between Aug. 9-23, measures their sentiments on their overall agriculture sector impressions.
The combination of low commodity prices, high input costs and low income projections have producers feeling more pessimistic about their economic situation than ever before.
"Harvest time is usually a season of optimism for ag producers, but not this year," said Horstmeier. "Many producers will need record crops just to break even given today's rising production costs." Earlier this month, USDA projected record corn and soybean production of 15.1 billion bushels and 4.2 billion bushels, respectively.
Horstmeier said this trend change is the result of the declining prices and rising costs that followed multiple years of high commodity prices. "Producers knew the good times couldn't continue so they were pessimistic regarding the future. As those conditions changed, producers have become gloomier about their current situation but now appear hopeful things will turn around over the next 12 months," he explained.
Click here for further reading and other key findings by DTN on the confidence levels of producers this season.
Dr. Derrell Peel explores the many decisions producers must make when buying stocker cattle in his latest Cow/Calf Corner newsletter. Below, he tries to illustrate certain fluctuations in the market that if interpreted correctly, can be helpful in determining the right time to buy for your particular stocker operation.
"Stocker producers have numerous decisions to make when purchasing stocker cattle including the weight, gender, and quality of cattle to buy. The appropriate choice for individual producers depends on the objectives of the stocker program and the type of production system. Feeder cattle price relationships at any point in time can help sort out market incentives for stocker purchases.
"Feeder cattle prices by weight typically reflect the cost of gain that feedlots face. In other words, the feedlot cost of gain will indicate the tradeoff that feedlots face in buying lighter weight versus heavier feeder cattle.
"These considerations help stocker producers understand purchase signals at the current time. Of course, the ultimate value of gain depends on market values for cattle at the time of sale. The risk considerations of owning cattle over time and the challenges of managing that risk are additional considerations beyond the purchase opportunities in the current market."
For a more in depth explanation of Dr. Peel's analysis of signals in the stocker market, click here.
|Oklahoma Dairy Farmer Offers a Grim Perspective of the Dairy Business in the State
Gary Hawk, is one Oklahoma dairy farmer who can say he is still running and operating his family's dairy. Today, a seasoned professional, Hawk says the dairy business is at one of its worst times ever. I caught up with Hawk at the Oklahoma State Fair to discuss his perspective on the remaining dairies like his in the state.
"Dairy is probably as bad as it's been in the last six years," Hawk said. "It's really hard."
While the price of milk steadily declines, feed costs contrarily do just the opposite - compounding the financial situations for dairy farmers like Hawk. A situation bankers can't seem to grasp, he says.
According to Hawk, Oklahoma went from 1,200 operating dairies in the state to approximately 200 in just ten years' time. He says it's hard for people to stay in business, especially when younger generations are showing little interest in keeping the family farms going. He says he doesn't see much good in the future of the Oklahoma dairy business.
"We're dying out," Hawk said. "We need people to understand that we need to be in business. They think 'I can go to the grocery store and get everything I want,' but it's not that way."
for the full story or to listen to my full conversation with Gary about Oklahoma's dairy industry.
Midwest Farm Shows is our longest running sponsor of the daily email- and they say thanks to all of you who participated in their 2016 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2016- the dates are December 8th, 9th and 10th. Now is the ideal time to contact Ron Bormaster at 507-437-7969 and book space at the 2016 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
|At the Intersection of SQ777 and HSUS
In Case You Missed It- last week, our TV colleagues at News9 in Oklahoma City offered another look
at both sides of State Question 777, the Right to Farm Constitutional Amendment Proposal. In the special report voiced by Kelly Ogle
, Jessica Wilcox
of Fairview expressed her concern about extremist groups that want to restrict the ability of Oklahoma farmers and ranchers to raise their animals and crops for food.
But Kim Barker
, who ranches in Waynoka says he thinks the ag community is being too hard on groups like HSUS. In the report, he says "animal rights and environmental groups, even if they don't have the answers, often raise good questions. Sadly, he said, most farmers automatically discount anything associated with them.
"If Humane Society's for it, we're against it -- they're against it, we're for it," lamented Barker. "I mean, that's all you gotta say, it just stops the conversation, and that's what's happening here, people aren't even thinking."
However- there are a lot of groups who say the goal of HSUS to eliminate animal agriculture in this country is the reason that no conversation is really possible with the organization.
The most recent evidence that cattlemen are pointing to regarding the agenda of HSUS is their active participation in legal action against the Beef Checkoff. HSUS lawyers have filed in federal court on behalf of a group called the Organization for Competitive Markets a request for thousands of pages that were submitted to the Office of Inspector General of the USDA- this after the OIG says their extensive audit of how the Beef Checkoff is operated has given the Beef Board and its contractors- including the National Cattlemen's Beef Association- a clean bill of health.
OCM and HSUS are not satisfied and they want to look at every page- hoping to find something to file additional litigation over. As one of the contractors to the Beef Checkoff, the NCBA is pushing back. We talked at the end of this last week with their CEO, Kendall Frazier- and he believes that this is HSUS wanting to destroy the beef business.
"There's no doubt that HSUS stands against rural America. Their attacks on the beef and pork checkoff programs weaken promotion efforts. HSUS and its allies have clearly demonstrated they have no interest in the livestock business beyond ending it. They will attempt to make this about transparency and say they're undertaking this effort on behalf of producers. But let's be clear: HSUS intends to put every cattleman and woman in America out of business. By weakening checkoff programs and damaging producer-directed marketing and promotion efforts, they can cause economic harm to our industry and force us out of production agriculture."
Click here for our earlier interview with Kendall Frazier- and you can also read an analysis of the HSUS-OCM-NCBA battle from Steve Dittmer of the Agribusiness Freedom Foundation- his commentary is available here.
Back to State Question 777- one of the most prominent opponents to Right to Farm is HSUS, as they are partnering with the Oklahoma Stewardship Council and may well spend in excess of a million dollars to defeat the proposal.
Click here for the actual ballot language for State Question 777.
Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
|American Farmers & Ranchers DC Delegation Sends Message to Congress: "Farmers are Hurting!"
The crashing farm economy was front and center in conversations between AFR leaders and Congress during a three-day lobbying effort in Washington, D.C., Sept. 12-14.
"We wanted Congress to know the true impact of the low commodity prices," said Terry Detrick, AFR president. "Many farmers are concerned the wheat crop they are planting right now will be a losing proposition."
U.S. Department of Agriculture market projections reinforce those concerns. During an issue briefing, USDA Chief Economist Rob Johansson told the group the outlook is gloomy.
"When you have record production, both on the grain and livestock side, that's going to put down pressure on the prices," Johansson said. "Producers are going to have to scale back on production; there is just no other way around it."
The AFR delegation spoke to policy makers also about possible solutions for improving the situation of farmers and ranchers, including the passage of TPP and certain provisions for the upcoming Farm Bill.
to read more about their visit to Washington, DC.
|NRCS Making Big Changes to Help Landowners Take Their Conservation Efforts to the Next Level
The USDA Natural Resources Conservation Service (NRCS) announces changes are on the horizon for the nation's biggest conservation program, the Conservation Stewardship Program (CSP).
Since 2010, farmers and ranchers have enrolled 70 million acres in CSP, of which 4.7 million acres have been enrolled in Oklahoma.
Through CSP, agricultural producers and forest landowners earn payments for actively managing, maintaining, and expanding conservation activities like cover crops, rotational grazing, ecologically-based pest management, buffer strips, and pollinator and beneficial insect habitat-all while maintaining active agriculture production on their land.
Changes that producers can expect to see when the program is offered in Fiscal Year 2017 include greater flexibility at the local level to prioritize resource concerns and conservation approaches, more enhancements and almost double the conservation practices offered, and better reporting tools to tell producers the results of their conservation efforts on their land.
"This expanded conservation activity list offers Oklahoma farmers and ranchers more options to address natural resource challenges," said Oklahoma State Conservationist Gary O'Neal.
Click here for more information on changes to NRCS's Conservation Stewardship Program.
|Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Stillwater Milling Company, Oklahoma AgCredit, 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!
We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Click here to check out WWW.OklahomaFarmReport.Com
God Bless! You can reach us at the following:
Oklahoma Farm Bureau is Proud to be the Presenting Sponsor of the Ron Hays Daily Farm and Ranch News Email