|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
Friday, November 18, 2016
Forty Four Percent of Oklahoma Now Officially in Drought- and Likely to Get Worse
The dry fall is translating into more of Oklahoma falling into drought- and the southeastern parts of Oklahoma that have struggled with dry conditions are slipping deeper into drought. A very unwelcome visitor, Extreme (D3) drought has made an appearance in the state for the first time since Oct. 20, 2015.
Granted, it's but a small sliver across far southern McCurtain County, but this connects to the area in the SE U.S. where big time drought is going strong, becoming one of their worst drought's in history. Exceptional Drought is now seen in a good part of Georgia, including the Atlanta area and into parts of South Carolina, North Carolina and just over the border in southeastern Tennessee.
The graphic below shows the current Drought Monitor for Oklahoma, with almost 44% of the state now in moderate to severe drought
. Less than one percent of the state is in that Extreme drought category. Most of the Severe Drought is being seen to date in southeastern Oklahoma. And these drought conditions are the result of rainfall deficits that date back to summer.
After a warm, dry week- the cold front has arrived, as advertised, and a lot of Oklahoma will experience a freeze by tomorrow morning.
There are a couple of chances for rain this coming week- with the first as early as the latter part of Monday into Tuesday in portions of Oklahoma.
It's great to welcome the Livestock Exchange at the Oklahoma National Stockyards as a new sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|Farm Bureau Survey Indicates Thanksgiving Dinner for Ten Falls Under Fifty Bucks
The American Farm Bureau Federation's 31st annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year's feast for 10 is $49.87, a 24-cent decrease from last year's average of $50.11.
The big ticket item - a 16-pound turkey - came in at a total of $22.74 this year. That's roughly $1.42 per pound, a decrease of 2 cents per pound, or a total of 30 cents per whole turkey, compared to 2015.
"Consumers will pay less than $5 per person for a classic Thanksgiving dinner this year," AFBF Director of Market Intelligence Dr. John Newton said. "We have seen farm prices for many foods - including turkeys - fall from the higher levels of recent years. This translates into lower retail prices for a number of items as we prepare for Thanksgiving and confirms that U.S. consumers benefit from an abundant, high-quality and affordable food supply."
The AFBF survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.
To read more about Farm Bureau's Thanksgiving Meal survey, click here.
In this week's SUNUP, Grain Market Economist Dr. Kim Anderson visits with Lyndall Stout about wheat prices and offers a comparison of US wheat profits per acre to those around the world in foreign markets and according to him, they are not looking very good.
Dr. Anderson reports that around the world, Russia and Ukraine are bringing in approximately $50 per acre profits; Canada at $24/acre; Australia at $20/acre; Germany and France at $8 and the US only generating $4/acre.
Adding to the dismal market climate is an increasing value of the dollar having moved from 97 to 100.5. Anderson says it has been up about 3.6 percent over the last couple weeks.
"That means our wheat is 3.6 percent higher on the export market," Anderson said. "That doesn't help us at all."
Anderson says he does not expect wheat prices in Oklahoma to recover for some time, predicting that it could be as late as 2018 or 2019 before any breaks in this pattern occur.
For more insight on Anderson's evaluation of the grain economy and a chance to listen to his conversation with Stout, click or tap here.
Leasing land for recreational hunting can provide Oklahoma landowners will a little extra cash in their pocket, labor resources for their land, perhaps a few new friends and a reduction in trespassing.
"Leasing for recreational hunting has become a major source or revenue for landowners," said Dwayne Elmore, Oklahoma State University Cooperative Extension wildlife specialist. "In fact, in many areas, revenue generated for hunting leases has surpassed lease rates for more traditional agriculture production."
It is important for a landowner to carefully screen and select good lessees to reduce liability. To do so, it is advised that landowners should take time to visit with potential lessees.
Property owners should consider leasing their private land for reasons besides monetary.
"Often, services provided by the lessee are of greater value to landowners, particularly older or absentee landowners who may not be able to take care of the land as they would like to," Elmore said. "Many lessees would be willing to offer labor in exchange for access to private land."
Elmore offers a few other advantages for landowners to consider. He says proper land management with the right strategy can serve both agricultural and wildlife habitat purposes, ultimately increasing the value of one's property.
Get the full scope of Elmore's tips to add value to your land, by clicking here.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
The November 2016 edition of the Food Demand Survey (FooDS) is now out and Dr. Jayson Lusk of Oklahoma State University has blogged about it:
"The regular tracking portion of the survey suggest lower food demand overall. For example, willingness-to-pay for all meat products fell by at least 8%, and reported spending on food at home and away from home fell by 5.7% and 10.5%, respectively. Some of the WTP declines may be due to post-election uncertainty (the surveys were completed on November 10 and 11). In addition, reported consumer awareness of all 18 issues we track fell in November relative to October as did reported concern for the same set of 18 issues."
This edition of the survey included some new questions, asking participants the most they'd would be willing to pay ($/lb) for a package of ground beef branded with different specialty labels and how desirable or undesirable they'd consider it to eat a fruit or vegetable grown with different fertilizers.
To find out more about this edition of the survey and for a look at Dr. Lusk's conclusion of the survey results, 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.
|Thirty One State Lawmakers Make Up New Non Partisan OKFB Caucus
The Oklahoma Farm Bureau has established what they are calling the OKFB Caucus. Comprised of Farm Bureau-members in the state legislature, the OKFB Caucus is a non-partisan group created to foster fellowship and discussion of agricultural and rural policy issues.
"As Oklahoma continually becomes more urban and less rural, it's important for those who value agriculture and the rural way of life to join forces," said Tom Buchanan, OKFB president. "This group is designed to ensure farmers and ranchers, and rural Oklahoma, continues to thrive into the future."
Among the members of the Caucus is the new Senate President Pro Tem Mike Schulz, who is a Jackson County farmer and a former staff member for the organization. Two former Presidents of the organization are also a part of the Caucus, Democrat Representative Steve Kouplen and newly elected Senator Roland Pederson, who served for several months as State President after the removal of Mike Spradling and before the election of Tom Buchanan.
For a complete list of the inaugural members of the caucus, click here.
|This N That- Regular Superior Sale Kicks Off at 8, Apache Cow Sale Tomorrow and Jim Reese In the Field
Every other week- Superior Livestock has their stocker and feeder cattle sale on line and via satellite- this morning, they start with Superior Sunrise at 7:30 AM, the actual auction at 8:00 AM and then as a bonus, have a Superior Select Female Sale that will kick off around 2:00 PM- all central time.
Today- they offer 6,000 yearlings and almost 14,000 weaned calves- and if you want details about either the regular sale or the Select Female sale- click or tap here.
You can also call Superior at 1-800-422-2117.
Tomorrow at noon- the Apache Livestock Market
will hold a special replacement cow sale- featuring 500 females from the Nault Ranch
- Northern Genetic AI'd first calf heifers to calve Jan-Mar. Heifers are pelvic measured and ovary checked.
Several other lots are consigned as well- click here
for the Apache Livestock website to see the current list- you can also call 1- 888-926-9696.
This weekend on our In the Field
Segment, as seen on KWTV News9, we welcome as our guest Oklahoma's Secretary of Agriculture, Jim Reese
. We are hoping to visit with the Secretary about the fall harvest season, feral hog hunting and the rules process on this invasive species- and a word of Thanks as well for the Thanksgiving holiday season just ahead.
You can watch around 6:40 AM for the In the Field segment during the morning news block- and we plan to post the segment later in the weekend from News9 on our website, OklahomaFarmReport.Com.
|Our thanks to Midwest Farms Shows, P & K Equipment, 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!
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