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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!
OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday
and Feeders on Wednesday- Call 405-262-8800 to learn more.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Boxed Beef Prices Continue to March South- Choice Beef was $8.21 lower at $369,56 while Select Beef fell another $6.11 to $344. Click here for the full report from USDA Market News.
Okla Cash Grain:
Woodward Livestock Market reported 4,982 head of cattle on Thursday- and stronger prices-
Compared to last week: Feeder steers 3.00 to 7.00 higher. Feeder heifers 2.00 to 5.00 higher. Steer calves not well tested but a stronger undertone was noted.
Click here for their full report.
Futures Wrap: 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 |
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, May 29, 2020
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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Amount of CFAP Payment For Cow/Calf Producers Dependent on Timing and Managment Practices
Farmers and ranchers can now enroll in the Coronavirus Food Assistance Program (CFAP) and I spoke with Dr. Amy Hagerman, Assistant Professor in Agriculture and Food Policy at Oklahoma State University about the impact on beef producers.
The USDA has earmarked $5.1 billion for the cattle industry.
Hagerman said the payments received by cow/calf producers will depend on how they treated their calf crop from last year.
Timing is critical based on individual management programs, she said.
Hagerman said if cow/calf producers had cows and unweaned calves born last spring and sold before April 15, they would receive $139 per head.
But if producers continued to graze the cattle another few days past April 15, they would receive only a $33 inventory payment.
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Sponsor Spotlight
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
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During the past week, widespread precipitation across many areas of the High Plains eased drought conditions, especially in parts of western Oklahoma, central and northern Texas.
However, rainfall again failed to hit the western Oklahoma Panhandle, where severe drought has persisted much of the year.
Despite the ongoing precipitation deficit, we have yet to see any of the dreaded red (D3 Extreme) or dark red (D4 Exceptional) shades show up in Oklahoma this year.
Moderate drought increased in eastern New Mexico, but recent precipitation has helped reduce extreme drought in part of eastern Colorado.
The Oklahoma map overall shows little change from last week, with the severe drought or worse category covering about 14.4 percent of the state this week, compared to 16.6 percent last week. Almost 74 percent of the state is experiencing no drought conditions this week.
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Purdue Food and Agricultural Vulnerability Index, created by the Department of Agricultural Economics at Purdue University in collaboration with Microsoft, estimates the share of agricultural production at risk by combining data on the number of COVID cases in each U.S. county with the county's total population, U.S. Department of Agriculture data on the number of farmers and hired farm workers in each county, and data on agricultural production for each county.
"As it turns out, for the handful of agricultural commodities we've entered in our tool thus far, the risk is very low (far less than 1% of total production estimated to be at risk)," explains Jayson L. Lusk, distinguished professor and department head of agricultural economics at Purdue and collaborator on the index. "The reasons are straightforward: production of most major agricultural commodities is distributed over a wide geography, and the percent of the population with COVID in rural/agricultural areas remains low."
"One of the main purposes of the tool is to help people visualize a portion of our food supply chain, to help people better understand where their food comes from, and to help illustrate that, at least at the moment, COVID poses little risk to the aggregate supply of food in the United States.
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Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This is a busy time of year for harvesters and it seems the summer crops are climbing and remaining steady, but the price of wheat is declining. Dr. Anderson says the decline can be attributed to the bulk of production around the world. "The number one producer of wheat is China and The United States used to be the number one exporter, and now we are number 3. So when you see an increase in production around the world, you see lower production in the United states and increased exports for competitiors equals lower exports in the United States which results in lower prices."
To see the complete line-up for this week's SUNUP, click here: |
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Sponsor Spotlight
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company'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.
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COVID-related challenges have taken a severe financial and emotional toll on U.S. hog farmers, and rapid federal government assistance is needed to help thousands of pork producers weather this crisis. At a press briefing hosted by the National Pork Producers Council (NPPC) today, four pork producers addressed the crisis on their farms and called on the U.S. Senate to expeditiously adopt livestock agriculture provisions included in COVID-relief legislation recently passed by the U.S. House of Representatives.
The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. Additionally, U.S. pork producers face staggering costs for the millions of hogs that will be euthanized as pigs back up on farms due to ongoing bottlenecks in the pork supply chain.
Livestock agriculture provisions included in the House-passed HEROES Act would provide much-needed relief measures to U.S. pork producers. NPPC urges the Senate to quickly adopt these provisions in companion legislation:
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Oklahoma Senate Bill 1269, legislation that directs the Oklahoma Water Resources Board (OWRB) to develop a Statewide Flood Resiliency Plan, was signed into law by Governor J. Kevin Stitt on May 18. In addition to the creation of a statewide flood mitigation plan, the law creates the State Flood Resiliency Revolving Fund to fund both the development of the Plan as well as future flood hazard mitigation projects.
The flood plan will examine flood risks, and potential flood mitigation projects beyond the local level, along an entire runoff area within a larger watershed. The plan will examine the need for additional flood risk information, such as flood maps, and will ultimately feature a State inventory of specific flood control infrastructure projects that will include cost-benefit analyses. Flood risk needs and assessments within watersheds could also be coordinated between communities in those watersheds.
Authored by Senator Dave Rader of Tulsa, and sponsored by Representative Lonnie Sims of Jenks, the law was requested by the OWRB as the agency responsible for long range water resources planning and management.
"The by-product of Oklahoma's unfortunate luck with natural disasters is that we are very well versed in how to deal with them and respond to them. We must now move toward a more proactive approach to hazard mitigation. This mirrors how FEMA and other federal agencies are beginning to approach disaster response - mitigating the damage before the event occurs. In order to do that properly, and protect taxpayer resources as we do it, we must have a well-thought out plan is coordinated across communities and the state. I want to thank the state and federal agencies involved in this effort, and Governor Stitt for signing this legislation into law," said Senator Dave Rader.
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Over the past few months, the CFTC has been focused on responding to the tremendous impact of the coronavirus on the markets we regulate. I would like to highlight some of the additional steps the agency has taken since our last open meeting in April to help address the spread of the coronavirus and its impact on the derivatives markets.
Prioritizing Agricultural and Energy Markets
First, the agency has continued to monitor closely and prioritize agricultural and energy markets, which have witnessed significant volatility in the wake of the coronavirus pandemic.
As is well-known among the followers of our agency's work, the CFTC traces its heritage back to the Grain Futures Act of 1922, which focused on regulating various kinds of agricultural commodity contracts-among the nation's first derivatives products. Given our roots, these markets-and the agricultural community more broadly-are always top of mind for me as the CFTC's Chairman and Chief Executive. We continue to monitor these markets closely, particularly with respect to certain livestock contracts where there have been wide spreads between cash and futures prices. A dedicated Livestock Markets Taskforce consisting of staff from the Division of Enforcement and the Division of Market Oversight is paying special attention to ensure these markets are functioning properly and without misconduct.
We are also showing our commitment to American agriculture in other ways. For example, the CFTC has for the first time appointed an official liaison with the U.S. Department of Agriculture. I am pleased to announce that Christa Lachenmyer, a senior agricultural economist in the Division of Market Oversight, will be the first CFTC staff member to hold this position. The timing could not be better, with the CFTC and USDA working closely together to understand coronavirus-related factors that have a direct impact on market fundamentals. I am also pleased to announce Darryl Blakey has joined the CFTC from the National Cattlemen's Beef Association as Associate Director of the Office of Legislative and Intergovernmental Affairs. The deep agricultural backgrounds of Christa and Darryl will be critical for our efforts moving forward.
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 AND- Time to Hear from Mark Hodges of Plains Grains on 2020 Harvest
On a weekly basis, Mark Hodges with Plains Grains will be releasing a Hard Red Winter Harvest Summar- detailing harvest from south to north. His report today, dated May 29th, is the first of the 2020 season.
Here is the text from the report:
"The US 2020 HRW wheat harvest continues with slow progress in Texas (north central) and Oklahoma (extreme southern). Rain, while generally light and erratic, was just enough to only allow cutting for a couple of hours a day in many areas over the past 2 weeks. Farther north into Oklahoma many locations had heavier rains and wet ground is slowing harvest in those areas."
Hodges goes on to write "While Texas is now projected to be 29% complete, almost all that cutting has been done in southern and central Texas. On the Oklahoma side of the border less than (<1%) has been harvested. With predicted sunshine, more seasonal temperatures and no rain over the next several days, harvest could move rapidly into central Oklahoma. In one producer's words in southwest Oklahoma, "the wheat's ready, but the ground is not willing", meaning the wheat is ripe, but the ground is still too wet to have equipment on."
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, 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!
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