|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!
FedCattleExchange.com has a total of 4,822 cattle on their showlist for the Wednesday February 15th sale of finished cattle- details will be available after noon today by clicking here.
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Happy Valentine's Day!!!
Tuesday, February 14, 2017
Oklahomans intend to plant approximately 30 percent more acres in cotton this year compared to last, factoring into the total 11 million more acres expected to be sewn nationally, according to a recent survey conducted by the National Cotton Council.
Upland cotton intentions are 10.8 million acres, up 8.8 percent from 2016, while extra-long staple intentions of 266,000 acres represent a 36.9 percent increase. The survey results were announced yesterday at the NCC's 2017 Annual Meeting in Dallas, Texas.
Dr. Jody Campiche, the NCC's vice president, Economics & Policy Analysis, said, "Planted acreage is just one of the factors that will determine supplies of cotton and cottonseed. Ultimately, weather, insect pressures and agronomic conditions play a significant role in determining crop size."
Campiche noted, "History has shown that U.S. farmers respond to relative prices when making planting decisions. During the survey period, the cotton December futures contract averaged 70 cents per pound, which is higher than year-ago levels. Looking at competing crops, corn prices were lower than year-ago levels while soybean prices were about 12 percent higher. The price ratio of cotton to corn is more favorable than in 2016."
In the Southwest region, growers intend to plant 6.6 million acres of cotton, an increase of 10.7 percent. In Oklahoma, a 30.1 percent increase is expected as wheat acreage declines. In Kansas, land is shifting away from wheat, corn, and soybeans. Overall, Texas acreage is expected to increase by 9.5 percent as land shifts away from corn and wheat.
Read more on the expected growth in planted acres of cotton, by clicking here
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.
|Mike Schulte Speaks on the Many Factors at Play that Could Determine OK's Wheat Crop Success
I caught up with Mike Schulte of the Oklahoma Wheat Commission yesterday to get his thoughts as executive director, as to what the prospects of Oklahoma's wheat crop looks like at the moment. He basically said that there are just a lot of things in play at the moment that will have an impact on the viability and profitability of this year's crop for farmers. But as a whole, he says things are ok as long as the weather cooperates.
"I think things overall in the state right now, today, look very good because we have received moisture in most parts of the state," Schulte said alluding to the drought-like conditions most Oklahomans have been experiencing. "It's amazing how that moisture helped us along."
However, the threat of an early First Hollow Stem has farmers a little worried, as temperatures across the state seem to be on the rise way ahead of schedule.
"Producers are on edge a little bit, because it is warming up a little earlier than normal," he said. "Producers have a little bit of concern that we're going to come out of dormancy and we're just hoping this doesn't set us up for late freeze situations that could really impact us later on."
He cited several other issues that are likely to have some effect on the price of wheat as we get closer to harvest, but he says in the meantime as those things play out, the Oklahoma Wheat Commission is working on a few projects to make sure our wheat is at the forefront of buyers' minds. Schulte says OWC is hoping to host more trade delegations like those from last year, hailing from Nigeria and Mexico. He says also, work is being done on both tortilla and pasta development lines using Hard Red and Hard White Winter varieties with the Wheat Marketing Center.
Learn more about what all the Oklahoma Wheat Commission is doing for farmers in the state, by clicking here
to read on or to listen in on my discussion with Schulte.
"The inventory of beef replacement heifers relative to the beef cow inventory is the best indication of future beef herd expansion," states Dr. Derrell Peel of OSU in a recent article from the Cow/Calf Corner newsletter.
According to him the U.S. beef cow herd was 31.2 million head on January 1, 2017. And since the low in January 2014, the beef cow herd has expanded a total of 7.3 percent.
He writes that this year's inventory was slightly down from last year, which last year was in fact the highest the heifer-cow ratio has been in 48 years.
Dr. Peel suggests that based on the numbers he has seen, the current ratio of beef replacement heifers to the cow herd indicates that herd expansion will continue relatively aggressively in 2017. However, he notes that there are some differences across regions.
"The Southern Plains (KS, OK, TX) is the largest beef cow region with 26 percent of the national total (8.13 million head in 2017) and has added the most beef cows of any region since expansion began. The region has added 14.1 percent to the beef cow inventory, accounting for 47.3 percent of the 2.12 million head of additional beef cows nationwide since 2014. Nevertheless, the current Texas beef cow inventory is still down more than 600 thousand head from average pre-drought levels. Herd expansion is expected to continue in Texas though a complete return to pre-drought levels may not be likely. The number of beef replacement heifers (and the heifer ratio) dropped in Oklahoma in 2017, suggesting perhaps a slower rate of herd expansion in the number two beef cow state this coming year. Oklahoma has already expanded rapidly since 2013 and is currently at the highest beef cow herd inventory in the state since 1984. Kansas is also at the largest state beef cow inventory since 1984."
To get the full story from Dr. Peel, click here
|Feedlots Finally Making Money in Early Days of 2017- LMIC
Cattle sold by feedlots during January were in the black in January for the first time several months. In January, fed steer prices are the highest for any month since June 2016. January's closeout profit was the largest for any month since the summer of 2014. Estimated closeouts by the Livestock Marketing Information Center (LMIC)
showed that for the last seven months of 2016 every month had red ink. In fact, only two months since January 2015 were profitable when all economic costs were considered. Even though returns have improved, due to huge financial losses in recent years, cattle feeders will likely remain rather cautious when bidding for feeder cattle
As calculated by the LMIC, which assumes a feeder steer weight of 700-to 800-pounds, the January breakeven steer sale price was estimated at $112.00 to $114.00 per cwt. Cash prices for finished cattle topped the month around the $124 per hundred level on FedCattleExchange.com- and was above the breakeven much of the month.
Breakeven sales prices for the next several months will remain low, ranging from about $108.00 to $112.00 per cwt. throughout the spring months. That is the lowest since early 2011.Click or tap here
to read more of the analysis from the folks at LMIC.
For nearly a century, Stillwater Milling Company 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.
is with the Beef Marketing Group based in Manhattan, Kansas and also serves currently as the chair for the US Roundtable on Sustainable Beef. He and I spoke recently during the National Cattlemen's Beef Association and Cattle Industry Convention in Nashville, about where the group is right now on advancing sustainability within in the industry, as we previewed what he will be talking with Cattle Producers about on February 24th at the 2017 Texoma Cattle Conference
"A tremendous amount of work has been done," Butler said. "The organization really is only two years old and really the first year and half of our job was to build the framework around identifying the key indicators around sustainability and then to build the metrics for each indicator for each sector of the beef value chain."
According to Butler there are six of these indicators that have been identified for the cow/calf sector and work continues on finding a measurable way to apply this model of evaluation at the ranch level and to each of the industry segments, from feedyard to packer, all the way to the consumer. Butler, says this framework is almost completed and that the next step will be to vet this process. The plan that the group has developed will be shared with the industry with hopes for constructive feedback before the process is officially published for implementation.
"It's about really the consumer wanting to know more about where their food comes from," Butler said. "We have a challenge to enhance the trust of our product - that's what this is about."
Listen to my full discussion with Butler over the work being done by the US Roundtable for Sustainable Beef, on yesterday's Beef Buzz - click here
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Farm Bureau released a statement yesterday announcing that through the efforts of their members, the organization managed to raise more than $1.1 million and donated a record of more than 28.9 million pounds of food to assist hungry Americans in 2016 as part of Farm Bureau's "Harvest for All"
program. Combined, the monetary and food donations also reached a record level of the equivalent of more than 31 million meals
Now in its 15th year, Harvest for All
is spearheaded by members of Farm Bureau's Young Farmers & Ranchers program, but Farm Bureau members of all ages from across the nation contribute to the effort. By heeding the call to action, they help ensure Americans in need can enjoy the bounty of food farmers and ranchers produce.
In addition to raising food and funds for the initiative, farmers and ranchers tallied 9,067 volunteer hours assisting local hunger groups in 2016.
"Farm Bureau has a long tradition of helping provide nourishment for those who need it the most," said Kalena Bruce
, a cattle farmer from Missouri who chairs AFBF's national YF&R committee. "More than 50 percent of Americans struggling with hunger live in rural areas and farming communities. We're pleased to help families in our communities who are in need."Click here
to continue reading this story on the charitable assistance to hungry Americans from members of the American Farm Bureau Federation.
|Canadian County Extension Invites Area Farmers and Ranchers to Attend Market Outlook Seminar
Farmers and ranchers in the Canadian County area are invited to attend the upcoming OSU Market Outlook Seminar being held on Tuesday, February 21st at 6:30 p.m. at the Canadian County Fair Grounds Educational Building.
The Canadian County OSU Extension Center will be one of the Central Oklahoma sites hosting the live webinar being offered by the Oklahoma Cooperative Extension Service and OSU Ag Economics Department.
The line of speakers from OSU includes: Dr. Derrell Peel, State Economics Specialist; Trent Milacek, Western Ok. OSU Extension Economist; Scott Clawson, NE District OSU Extension Economist and JJ Jones, SE District OSU Extension Economist.
For more information regarding this event and how to register, click here.
|Rainfall Looking Good Across Southwestern and Central Oklahoma- Northwest, Not So Much
As expected, the heaviest amounts of rainfall tracked across the areas of Oklahoma that show the least amount of drought issues here in the early days of 2017. As of early this morning, with rain still falling in the southeastern sections of Oklahoma- Ringling wins the prize for most rain for this system that has come and gone in much of Oklahoma- 2.58 inches as of 5:40 AM- several other Mesonet stations show more than two inches and bunches of places check in with an inch- nice, where we have gotten it.
Here's the rainfall map as of 5:40 AM:
If you want to check the realtime map on the mesonet, click or tap here- with rain still falling in those southeastern areas- hopefully McCurtain County will get a bit more before it is done- and that is also the case up around Poteau and Ft Smith- where we have a pretty good sized pocket of drought we continue to deal with.
AND- northwestern counties may still have a shot of more rainfall or even some snow/sleet as moisture is moving into that part of the state from the Texas Panhandle.
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