|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!
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Click on the name of the cattle auction market to look back at their latest report from this week:
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Another record afternoon report from USDA on Wholesale Boxed Beef-
Choice Beef was up $9.36 to $458.54 while Select narrowed the Spread gaining $16.61 to $448.57- click here
for the complete report from USDA Market News
Okla Cash Grain:
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
Friday, May 8, 2020
U.S. Secretary of Agriculture Sonny Perdue today announced that USDA is investing $71 million to provide broadband service in unserved and underserved rural areas in Kansas and Oklahoma. This funding is part of USDA's round one investments through the ReConnect Pilot Program.
"The need for rural broadband has never been more apparent than it is now - as our nation manages the coronavirus national emergency. Access to telehealth services, remote learning for school children, and remote business operations all require access to broadband," said Secretary Perdue. "I am so proud of our rural communities who have been working day in and day out, just like they always do, producing the food and fiber America depends on. We need them more than ever during these trying times, and expanding access to this critical infrastructure will help ensure rural America prospers for years to come."
Totah Communications Inc., KanOkla Shidler LLC, Cross Cable Television LLC, and Carnegie Telephone Company received the awards for the Oklahoma/Kansas area.
As we mentioned- Congressman Frank Lucas was on the ZOOM call- his office offered this release on the dollars flowing from Uncle Sam- click here to read more.
We are part of the rural communities we serve and understand that vibrant rural communities need strong, modern infrastructure. Farm Credit loans finance the rural infrastructure providers that provide reliable power, modern telecommunications, clean water, and other vital community services.
For more information, click here
to go to our Oklahoma AgCredit
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This week Dr. Anderson talks about the 2020 Wheat Harvest. Anderson said Oklahoma came up with 96.5 million bushels which is pretty close to the estimate, and the United states is 1.9 billion, right at last years numbers. Anderson said there is also a chance that corn prices could have an impact on this years wheat prices. We expect to see a 15 billion bushel crop for corn next year, and Anderson said that tells him that corn prices are going to stay relatively low.
This week on SUNUP, Josh Lofton talks about the ideal times to plant summer crops.
- Then, in Cow-Calf Corner, Glenn Selk explains why it is important for producers to monitor mineral supplements in cows.
- Dave Lalman has criteria to help cattle producers make culling descisions.
- Dr. Rosslyn Biggs explains the CDC's guidelines for interacting with pets during the COVID-19 pandemic.
- In the Mesonet weather report, Wes Lee shows us how the Mesonet's Drift Risk Advisor can help inform decisions about when to spray crops. Gary McManus says the low percentage of normal rainfall since March 1 is strengthening drought across the Panhandle and could expand it into Western Oklahoma.
- Kim Anderson talks about world harvest expectations for wheat.
- Larry Sanders has a reminder about the 2020 Census.
- Finally, Dr. Barry Whitworth has information about Vesicular Stomatitis as it shows up in horses in nearby states.
As the former chief economist of the House Agriculture Committee and now Co-Director of the Agricultural and Food Policy Center at Texas A & M University, Bart Fischer has been hearing a ton of concern about the current economic crisis in the meat industry. We discussed some of the more common themes during his appearance on a recent Oklahoma Farm Bureau webinar. (Photo of Fischer courtesy of Oklahoma Farm Bureau.)
Fischer said the two most often repeated themes involve meat packers and price spreads, and meat imports.
On today's Beef Buzz we review Fischer's thoughts about possible collusion in the meat markets.
"People are hurting, their livelihoods are hurting, and they want answers," Fischer said.
They claim there is market collusion and they want an investigation to see if meat packers are doing something wrong.
Fischer said the USDA is investigating, which started after the plant fire in Holcomb, Ks., last year.
Our antitrust laws are the envy of the world, Fischer said. Add to that other agriculture specific rules under the Packers and Stockyards Act, we do have a tremendous amount of authority that's there.
The timing is lousy as this is happening in the middle of the COVID-19 crisis, forcing plants to temporarily close and creating a system backlog.
Extreme drought (D3) is starting to edge ever so closely to Oklahoma on the latest U.S. Drought Monitor map.
There are currently areas of D3 in southern and southeast Colorado and southwest Kansas. These areas are surrounded by large swaths of severe and moderate drought as well as abnormally dry. The abnormally dry area now extends as far east as the western edge of Logan County and south to Harmon County.
Almost 24 percent of Oklahoma is covered in the yellow shaded abnormally dry compared to just 14 percent last week. We have now reached the same percentage of dryness dating to Jan. 1, so it's been a dry year so far for much of western and northwestern Oklahoma.
According to the definition of severe drought, which covers most of Cimarron and parts of Texas County, dryland crops are severely reduced and pasture growth is stunted and cattle are stressed. If the D3 Extreme Drought expands, we could see pastures go dormant and the danger of wildfires goes up.
The reason for the expanded drought regions is due to increasing 30 to 60-day precipitation deficits, above normal temperatures and periods of strong winds.
The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes.
The food processing sector plays an important role in Oklahoma's economy, and there is no doubt the novel coronavirus pandemic has had a significant economic impact on the state's food industry.
Experts from the Oklahoma State University Robert M. Kerr Food and Agricultural Products Center evaluated the potential impact of COVID-19 on the state's food industry from March to mid-April and compiled a report of current impacts as a starting point for future assessments and recovery planning.
"Due to the limited amount of data available and the ever-changing landscape during this unprecedented event, situational analysis discussion is speculative at best," said Chuck Willoughby, FAPC manager of business and marketing relations. "However, given the essential nature of the food industry, it is important to recognize how even short-term shifts in business models for food manufacturers, retailers and foodservice firms have impacted the economy."
April Gross Receipts to the Treasury plunged by more than half a billion dollars as the coronavirus pandemic disrupts Oklahoma's economy, State Treasurer Randy McDaniel announced.
Gross receipts in April total $1.08 billion, a drop of $502.5 million, or 31.8 percent, from April 2019.
The economic impact of the pandemic is spread across all major revenue streams, but is most evident in income tax collections due to the postponement of the April 15 filing deadline to July 15. Gross income tax receipts are down by more than 50 percent for the month.
"The state economy is clearly showing the repercussions of the novel coronavirus," Treasurer McDaniel said. "While the resiliency of Oklahomans is a key source for enduring optimism, the near-term situation is expected to be especially challenging."
McDaniel pointed out that gross production tax collections have yet to reflect the impact of record low oil prices. Gross production receipts in April are based on oil field activity two months earlier - in February - when oil was still more than $50 per barrel. Even so, collections this month were down by 24 percent from a year earlier.
The average price of oil during April was less than $20 per barrel. The impact of the price crash will begin to be seen in May receipts, but will be more fully realized in June collections.
Combined sales and use tax collections of $430.4 million are down by $44.7 million, or 9.4 percent, indicating a pullback in consumption during April likely due to shelter-in-place policies. Sales taxes, down by $47.3 million, are somewhat offset by a $2.6 million increase in use taxes assessed on out-of-state purchases including online sales.
The Lahoma Field day is coming up later this morning starting at 8am. Viewers can watch live on the OSU Facebook page.
They will have several special guest speakers throughout the morning including:
*Wheat Varieties | 8:30 a.m. - Amanda Silva, Small Grains Extension Specialist
*Tank-Mixing Insecticide with Top-Dress N | 9:00 a.m. - Tom Royer, Extension Entomologist
*Wheat Breeding and Disease Update | 9:30 a.m. - Brett Carver, Wheat Breeder and Bob Hunger, Extension Wheat Pathologist
*Integrated Management of Bromus Species | 10:00 a.m. - Misha Manuchehri, Weed Science Extension Specialist
*Stratification of Nutrients and Soil Properties in the Long-Term Fertility Study | 10:30 a.m. - Brian Arnall, Precision Nutrient Management Extension Specialist
*Alfalfa Management | 11:00 a.m. - Alex Rocateli, Forage Systems Extension Specialist
*Cotton Management | 11:30 a.m. - Seth Byrd, Cotton Extension Specialist
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