|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
Monday, October 3, 2016
USDA Finds Slightly Larger Oklahoma and Kansas Wheat Crops in Final 2016 Crop Survey
The US Department of Agriculture Small Grains 2016 Summary saw the Oklahoma wheat crop
production nudged up from the August Crop production estimates, with USDA finding more acres harvested while trimming the final yield per acre by a bushel. The 136.5 million bushels of winter wheat produced in Oklahoma in 2016 was the largest total crop since the 155.4 million bushels were raised in 2012. The 2016 crop was a record yield per acre, but slipped from forty bushels an acre to 39 bushels per acre in this final analysis from USDA.
The government did find 200,000 more acres of harvested wheat in the state with 3.5 million acres as the final harvested acreage number for the growing season. That was a drop of 300,000 acres from the 2015 crop in harvested area, but the yield thirteen bushels per acre better in 2016 versus 2015 meant that the overall crop was 38% larger in 2016 versus 2015 when total production was 98.8 million bushels. Oklahoma was one of twenty states growing winter wheat that ended up with a record yield in 2016.
Uncle Sam also found 100,000 more acres of harvested wheat in Kansas
compared to the August report, with 8.2 million acres combined in Kansas this year, with a 57 bushel per acre yield- which was also a yield for the Sunflower state. Total production in Kansas came in for 2016 at 467.4 million bushels total. Kansas and Oklahoma were the top two winter wheat producing states in 2016, followed by Washington, Montana and Colorado.
Our neighbor to the south- Texas
- saw the final USDA numbers drop the yield per acre by two bushels from 34 to 32 BPA- that dropped the final Texas wheat crop to 89.6 million bushels in 2016- down 5.7 million bushels from the August Crop Production report.Click here
for more details from the Small Grains Summary released this past Friday.
One other USDA report released Friday that had Oklahoma numbers was the quarterly Hogs and Pigs report
- nationally two percent more hogs and pigs from September first of a year ago at 70.85 million head- Oklahoma is the seventh largest hog state with 2.2 million hogs as of September first- and continues to be the fifth largest breeding hog state, with 455,000 sows as of September first.
When it comes to piggies- Iowa should get electoral votes based on hog numbers
instead of people numbers- they now have 22 million hogs and pigs in Iowa as of September first- easily the number one hog state in the US in all categories.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation
. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here
for their website or call the Oklahoma City office at 1-800-310-0220.
|US Wheat Associates Accompany Mexican Millers on Tour of America's Breadbasket
A group of millers hailing from Mexico is touring through wheat country last week, visiting coops and wheat destinations, allowing them the chance to look at different areas where they could potentially source the grain they require to meet their needs. Accompanying these millers on the tour was Chad Weigand, assistant regional director with the US Wheat Associates, Mexico City office. I caught up with Weigand as the group passed through Oklahoma to gain some insight on the tour and those traveling.
"We started the trip earlier this week on Sunday in Omaha, Nebraska," Weigand said, detailing their migration from Omaha to Manhattan and Great Bend, Kansas and then into Oklahoma. "We have Grupo Trimex, which is the largest milling company in Mexico. [They have] 13 mills in Mexico scattered throughout the country."
He says traditionally, Mexico is in first place when it comes specifically to US HRW imports. And while Mexico has fair wheat production itself, their industry looks to the US for quality.
However, Weigand says the Russians have appeared on the scene in recent years as the main threat to the US, managing to displace some US wheat sales with slightly lesser quality, but still highly comparable wheat. With Russia producing larger harvests, cheap freight weights and a weak ruble - Russian wheat has been priced much cheaper than HRW going into Mexico.
Click here for the full story and to listen in on my full conversation with Chad Weigand of the US Wheat Associates regarding their tour of the nation's Breadbasket.
|No Easy Answers or Simple Solutions to the Convergence Crisis in Cattle Markets
It is no secret what's going on in the cattle markets right now; live cattle futures trade seems to be having a hard time matching up with cash cattle trade. This match up, or "convergence," as it's called, according to OSU's Dr. Derrell Peel, is simply just not happening. I went to Dr. Peel to find out why.
"I think we have a couple of different issues that interact with each other," Peel said. "One is sort of the inherent volatility that we have seen in the futures side in both feeder cattle and live cattle contracts. Related but separate from that issue, especially on live cattle markets, is the question of price discovery and the thinness and potential impacts of thinning markets in terms of establishing a cash market level which you can tie to those futures contracts."
A lot of issues at play with no easy or obvious answers, says Dr. Peel. Before any radical moves are made, such as abolishing formula based pricing, he insists the industry must be really careful in investigating and understanding why those things have evolved the way in which they have. He says there are reasons as to why the market works the way it does and in this case, you would not want to throw the baby out with the bathwater in trying to fix it, lest even greater problems arise in its wake.
Click here for a chance to listen to my full conversation with Dr. Peel about what could be causing a lack of convergence in the cattle markets and how the industry should approach fixing it.
|DuPont Pioneer and CIMMYT Form CRISPR-Cas Public/Private Partnership
DuPont Pioneer and the International Maize and Wheat Improvement Center (CIMMYT) have entered into a Master Alliance Agreement to jointly develop improved crops using CRISPR-Cas advanced plant breeding technology for characteristics that address the needs of smallholder farmers around the world. The collaboration announcement coincided with CIMMYT's 50th anniversary celebrations being held last week in Mexico City and nearby El Batan headquarters.
"Working together with CIMMYT will enable smallholder farmers to benefit from technology like CRISPR-Cas, helping them solve their challenges," said DuPont Pioneer President Paul Schickler. Pioneer and CIMMYT collaborations span decades and have contributed significantly to the food security and livelihoods of farmers and consumers in developing countries.
"In a world of rapid technology evolution, it's essential that new approaches such as CRISPR-Cas are applied widely to benefit both poorer and wealthier farmers," said CIMMYT Director General Martin Kropff. "This collaboration with DuPont Pioneer will allow us to provide climate and disease resilient varieties more quickly to smallholder farmers in the developing world."
CRISPR-Cas is an efficient and targeted plant breeding method to develop healthy seeds by using the best native characteristics available within a crop. A range of potential product targets are under consideration by the newly formed Pioneer-CIMMYT Steering Committee. The first project will apply CRISPR-Cas to address maize lethal necrosis disease in Sub-Saharan Africa.
Click here to read more on the new partnership between DuPont Pioneer and the CIMMYT.
For nearly a century, Stillwater Milling has been providing ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
Consumer demand for organic foods continues to grow and provide new opportunities for growers. The Organic Oklahoma 2016 Fall Conference will provide those interested a chance to learn about topics important for successful organic farming including crop production techniques, soil management, food safety and pest management methods of interest to Oklahoma farmers. This two-day event will be held Thursday and Friday, October 6 and 7 at the OSU Oklahoma City Campus.
This year's program will feature two distinguished speakers with extensive experience in Organic farming. Dr. Kathleen Delate, Professor of Horticulture at Iowa State University works extensively with no-till faming systems for organic agriculture and will speak on The Future of Organic Agriculture. Dr. Elena Garcia, Professor of Horticulture at the University of Arkansas will speak on Organic Fruit and Vegetable Production and discuss recent work with organic fruit production systems.
In addition to these invited speakers, a slate of Oklahoma Farmers and Researchers will address a spectrum of topics of interest to organic farmers. In addition to these presentations there will be displays and demonstrations of seed inoculation methods, hand tool selection and maintenance, and pesticide application equipment for organic farming.
For more information about the conference, including instructions on how to pre-register for the event, click here.
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.
In an important announcement, Superior Livestock Auction's wholly owned subsidiary, Fed Cattle Exchange received good news yesterday when an announcement came from the USDA's Agricultural Marketing Service (AMS) determining that livestock traded in this format meet the definition of a "negotiated purchase" since negotiation occurs as buyers can bid on the livestock offered and sellers can accept or refuse the final bid. Therefore, beginning October 5, 2016, the USDA's Agricultural Marketing Service will begin including Fed Cattle Exchange transactions in National and Regional direct negotiated slaughter cattle reports.
The goal of the Fed Cattle Exchange is to provide the industry with more transactions to consider when determining the average cash price of market-ready fed cattle. By increasing transparency in the cash cattle market the industry hopes to reduce volatility in futures contracts. The need for assistance in fed cattle price discovery is very evident. Competitive bidding is the most effective means of determining market value and more open negotiated trading of fed cattle is beneficial to the entire beef industry.
for continued reading, and for a complete look at USDA's announcement.
|This N That- Express Ranchers Bull Sale at 11 AM Today, September Weather Review and Goodbye to Robin
Today at 11:00 AM, the 2016 edition of the Express Ranches Ranchers Bull Sale
will be happening- over 1,800 to sell- including 331 Angus Bulls, 34 Hereford Bulls and 475 Registered and Commercial Bred Females.Click here
for the Ranchers Bull Sale Page- they now have the sale book online, videos online, performance data for the Angus and Hereford Bulls and the Sale Day Sale Book Supplement.
The sale is happening at the ranch in Yukon and can be seen on Superior Livestock Productions on DISH Network Channel 232 and Superior Click to Bid
- and also on Live Auctions.TV.
As a transition period between summer and fall, Mother Nature often provides Oklahoma with a wildly varying tale to tell during September. This year was no exception. At first glance, a description of Oklahoma's weather during September seems fairly straightforward - a toasty month with an abundance of moisture in the west and too little in the east.
The state's weather story is never quite that simple, of course. Far northwestern Oklahoma was actually the driest region of the state, and parts of eastern Oklahoma enjoyed a surplus. That disparate rainfall pattern put a halt to budding dry conditions across parts of western Oklahoma, but intensified drought across eastern sections of the state. According to preliminary data from the Oklahoma Mesonet, the statewide average rainfall total was 3.14 inches, 0.39 inches below normal. Regionally, the Panhandle suffered its 18th driest September at more than an inch below normal, west central Oklahoma saw bountiful moisture for their 16th wettest, and east central Oklahoma plunged more than 2 inches below normal to rank as their 35th driest.Click here
for more on the month of September's weather from Gary McManus
and his Oklahoma Mesonet Ticker.
According to the former President of the Oklahoma Farm Bureau, Mike Spradling
, "Oklahoma agriculture lost one of its best and most senior out rider today with the passing of retired Oklahoma Farm Bureau's field staff Robin Landrum
. He always said he rode for the brand and that he did. He will be dearly missed by his Farm Bureau family."
Robin always provided the big smile and handshake when we caught up with him at the Farm Bureau events as well as things like the Tulsa Farm Show where he was representing the organization. As Mike says- he will be misssed.
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