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Check the Markets!
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Plantings Catches Trade Off Guard with Five Million More Acres of
Corn Than a Year Ago
American farmers expect to plant an additional 5.6 million acres of
corn in 2016, a
six percent increase from 2015, according the U.S.
Department of Agriculture's Prospective Plantings report released on
Thursday. If realized, total corn plantings in the United States
would total 93.6 million acres for the highest planted acreage since
2013. Notably, it would also be the third-largest U.S. corn acreage
planted since 1944. The USDA number is well above trade expectations
for this report.
Beyond the surprisingly large corn number- there is a lot of other
information in the two reports released by USDA yesterday- click
here to go and read more- and grab our links to the actual
reports- Supply-Demand as well as the Prospective Plantings.
Some of the Oklahoma numbers released within this report are very
Oklahoma will increase corn
acres 16% over last year to 360,000 acres.
That may come at the expense of grain sorghum acres- Oklahoma is
the third largest sorghum state in the US, with expected plantings of
420,000 acres this year, off five percent from 2015.
The honeymoon for Oklahoma canola
plantings is over, with canola acres pegged at 90,000
acres this spring, off 36% from the 140,000 acres of a year ago and
off 67% from the 270,000 acres of 2014.
are looking to cut soybean acres this year by 11% to
The Oklahoma hard
red winter wheat plantings total five million acres
this year, off six percent from a year ago.
Oklahoma is one of several states expanding acres for cotton,
with water available from Lake Altus Lugert a major incentive for
farmers in that irrigation district, after several years of having no
water available. The Oklahoma cotton acreage is predicted to be
270,000 acres, up 26% from 2015.
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.
OSU's Kim Anderson
Discusses Huge Jump in Corn Acres- and More From USDA
Oklahoma State University Extension Grain Marketing Specialist Dr. Kim Anderson
says that the pair of USDA reports released of interest to the grain
markets on Thursday showed the market watchers right on target with
portions of the reports- and badly off on several of the key numbers
in the Prospective Plantings Report.
Dr. Anderson, in talking with Dave
Deken for this weekend's SUNUP broadcast that will be
seen on OETA, says the acres that farmers are saying they will plant
to corn are far bigger than what the trade was expecting- over 93
million acres predicted by USDA versus the pre report average guess
of just over 90 million acres. The estimate from USDA was five
million acres more than what was planted in 2015.
here to read more- and to listen to Kim's view of the USDA
reports, the condition of the 2016 winter wheat crop and price prospects
for Oklahoma wheat as we near harvest.
AND- we also have the details for this week's SUNUP program that you
will be able to go and see on OETA.
Creeps Up to Almost 20% Drought This Week
Drought continues to expand in Oklahoma, as you can see in the
graphic below. The latest Drought Monitor shows that almost twenty
percent of Oklahoma now sits in Moderate Drought, the lowest level of
drought measured by Uncle Sam. Another 39% of Oklahoma has abnormally
dry conditions, which is almost twice as much land mass in the
abnormally dry status as just one week ago.
Oklahoma does remain in much better shape than a year ago, when over
68% of the state was in moderate or worse drought- and over 37% of
the state was in extreme to exceptional drought as we ended March in
here for our Drought Monitor update- where we also have the
latest graphic on possible rain amounts the next seven days.
Just Call Oklahoma the
Sow State- Roy Lee Lindsey Explains All
The Oklahoma pork industry is making a strong shift from market hogs
to breeding stock according to the recent USDA Hogs and Pigs Report
released March 25. The state's breeding herd increased nine percent
since March 2015, making Oklahoma the fifth largest sow state in the
Oklahoma Pork Council Executive Director Roy Lee Lindsey
said this is an expected trend as more processing capacity - up to 10
million head per year - is being proposed in the Midwest.
"We know we can raise baby pigs, and then we can ship them to
the Midwest to have them finished," Lindsey said. "Our goal
is to make Oklahoma the best state in the country to raise baby
We sat yesterday and reviewed this continuing trend with Roy Lee- and
also talked about the discussion with USDA over their unwillingness
to fight to protect the sale of the "Other White Meat"
assets from the National Pork Producers Council to the Pork Board-
and we got a quick update from him on State Question 777 as well.
here to go and hear our full conversation with Roy Lee- and be
watching Saturday morning as he is our guest during the regular In
the Field Segment as seen on KWTV News9 at around 6:40 AM.
For nearly a
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.
Awards Handed Out at Ag Day in Oklahoma
A total of four awards were handed out on Wednesday afternoon this
week- in our Thursday email- we featured the Ag Hall of Fame Award
Winner- Dr. Clint Roush of Custer County.
We have feature stories on the other three honorees this morning on
our website that we wanted to point you to- including:
Brett Carver, winner of the Outstanding Public Service in
Davis, winner of the Agriculture Environmental Stewardship
Herron, winner of the Outstanding Legacy in Agriculture
to Have the Latest Energy News Delivered to Your Inbox Daily?
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 Case You Missed it-
Ted Schroeder Talks Volatility and Variability in Cattle Markets
Cattle buyers and sellers have been experiencing a fluctuation of
sorts, not just in the live cattle markets over the last eight months
but also in their within-day trades.
The live cattle market volatility in the last year, but particularly
in the last eight months, shows a major downturn in price, explained
Kansas State University livestock economist Ted Schroeder.
For example, live fed steers have gone from selling in the mid-$160s
per hundredweight (cwt) about this time a year ago, dropped all the
way to $115/cwt in late December 2015 and averaged $137/cwt the week
of March 11, according to the U.S. Department of Agriculture's
Agricultural Marketing Service.
"That magnitude of price movement across just a few months and
that kind of volatility is something we haven't seen historically in
terms of total dollar magnitude in fed cattle markets,"
To read more about that Dr. Schroeder is seeing in the cattle markets
in the next few months, click
Congrats to Kalyn!
The College of Agriculture at Oklahoma State University announced
yesterday several top honors as the academic year is rapidly coming
to a close. Among the honors- CASNR has named Kayln McKibben
Kayln is a rancher's daughter from Wyandotte- and is planning on
returning to the family operation- our paths have crossed multiple
times- including when she was named first the Oklahoma State Beef
Ambassador- then competed and won a spot on the National Beef
Earlier this year- we caught up Kayln at the Noble Foundation booth
at the Cattle Industry Convention in San Diego- where she gave a
presentation on why she, as a Millennial, is making plans to go back
to the ranch.
Here's a picture from that day- and you
can click here to read our story from that day and hear our
conversation with this extremely bright and personable young lady.
thanks to Midwest Farms Shows, P & K Equipment,
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
Association, Pioneer Cellular,
and KIS Futures for their support of our daily Farm News Update. For
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