|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 Carson Horn on RON.
Let's Check the Markets!
Finished cattle prices
bounced higher Thursday on FedCattleExchange.com - 334 cattle were sold with the weighted average price this week $136.75. Click here to see their complete market results.
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
Friday, June 9, 2017
Oklahoma Wheat Harvest Now 38 Percent Complete- Plains Grains Says Kansas Harvest Just Starting
Plains Grains releases a weekly harvest update during the hard red winter wheat harvest season- the following is the latest report issued Thursday evening, June 8th:
"Harvest of the 2017 HRW wheat crop has crossed the Kansas/Oklahoma line. Limited areas along the southern Kansas border have been harvested within the last two days, but has been slowed again due to high humidity and cloud cover driving the grain moisture up above 14%.
"Texas is now 45% harvested, with central and north central parts of the state almost completed. Areas just south of the Oklahoma state line extending 50 miles (80 km) are still battling wet fields and mud and are significantly behind those to the north and south of them (large % of soft red wheat in that area). Oklahoma is now 38% complete with harvest. The southern 1/3 is rapidly winding down with grain delivery points reporting handling only about 50% of normal volume due to the reduction in harvested acres.
"Central areas of the state are in full swing (if they avoided rain events over the last several days). Far northern parts of the state are just starting in some areas while those, that again, avoided rain showers are starting to wind down. Reported test weights in central and north central Oklahoma continue to be above 60 lbs/bu (78.9 kg/hl) even though rain events are continuing to be an almost daily event."
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.
|OSU's Dr. Kim Anderson Explains What Wheat Farmers Should Consider When Marketing Their Grain
This week on SUNUP - OSU Grain Market Economist Dr. Kim Anderson joins host Lyndall Stout again this week, talking wheat harvest in Oklahoma and selling strategies producers should consider as they wrap up their harvest this year.
According to Anderson, there has been an $0.80 increase in the price of wheat over the last month, which he attributes $0.20 of that to an increase in the basis, and the remaining $0.60 to an increase in the Kansas City July contract, being driven by weather.
To take the best advantage of the current markets, Anderson offers a few different strategies producers can consider and hopefully secure the best price. But he says it all rests on the individual producer's preferences.
In a nutshell, depending on your risk tolerance, Anderson says you can either sell it for the current price now, or store it and hope for a better price later. Keep in mind this strategy comes with storage costs. Anderson says that will cost you about $0.30 a bushel each month. By his calculations, that means prices will need to be at least $4.20 before you can expect to make a profit.
The third option, and Anderson's personal preference, is to spread your risk and sell your grain incrementally, a third at a time. By selling a third a harvest, in the fall around September/October, and then again in November/December.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now, and check out the whole line-up for this week's episode, by clicking here
Today's commercial landscape is dramatically different than it was even just a relative few years ago. Advancements in technology has changed the way we shop and to a degree, how we make our purchasing decisions. The pork industry realizes this and has chosen a proactive way to stay relevant and top of mind with the modern consumer of pork, by repositioning its marketing plan.
Terry O'Neel, president of the National Pork Board, announced the plan at the World Pork Expo Thursday. "The Pork Checkoff has embarked on a journey to determine how best to market pork today," he said.
The National Pork Board's chief executive officer Bill Even said the plan is structured around what he called "the three M's": Millennials, Mobile, and Multicultural, and structured around quality, trust and value.
While demand for red meat remains exceptionally strong both domestically and internationally right now, this repositioning offers an opportunity to inspire all segments of the pork chain to find new ways to succeed.
Read more about the Pork Checkoff's plan to reposition its marketing strategy, by clicking here
The Pork Checkoff isn't the only one working to better connect with today's consumers. The Beef Checkoff too has made strides in using new marketing channels to reach it target audiences. Polly Ruhland, CEO of the Cattlemen's Beef Board, mapped out what she calls the beef industry's "complicated digital ecosystem," in an op-ed piece authored this week.
According to Ruhland, if you have a smartphone, you are participating in the digital ecosystem.
"You've managed the ecosystem of your farms and ranches since you started in the cattle business, likely putting most of the emphasis on the living things," she wrote. "There are living things in the digital ecosystem, too (you and me, for example). But it is the non-living things that take up most of the space: all those apps, photos, music, etc. Yes, you and that phone are an ecosystem.
"Your beef checkoff's digital ecosystem also relies on interactions of non-living and living things. The non-living includes: research, knowledge, recipes, and so on, all funded by your checkoff dollars. On the living side, we have consumers looking for information about beef and how it's produced, your employees, and the checkoff and industry experts you interact with."
Ruhland goes on to explain how your checkoff coordinates and connects a myriad of new media applications to occupy the digital ecosystem with beef's presence, which most consumers use to educate themselves about beef.
"Beef. It's What's For Dinner - has its own website, plus a presence on Instagram, Pinterest, YouTube, Facebook and Google Plus. And that's just for consumers who want to find a recipe, beef preparation tips and nutrition information," Ruhland said. "What if they want to find out how cattle are raised? That brings along a Facts About Beef website and @BeefFacts on Twitter, Instagram and YouTube."
to learn more about how the Beef Checkoff is reaching consumers through innovative communication strategies.
The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website
. For more information- call 405-235-4391.
|Market Economist Derrell Peel Brings Attention to New Movement Being Observed in Feedlot Country
Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel
has been looking at recent cattle on feed numbers - not just the latest report, but taking into consideration the last several months and comparing them to some historical averages for the major feedlot states. He brought to my attention, some changes he has observed happening, regarding where cattle are being fed across feedlot country.
According to Peel's calculations, a couple of the top cattle feeding states, both Texas and Nebraska, are experiencing a slower rate of year-over-year placements, while they still have maintained year-over-year increases. At the same time, he says, the third, fourth and fifth largest feeding states, Kansas, Colorado and Iowa respectively, have seen much more rapid growth compared to the other top two states.
"It's a combination of short and long run factors that are at play here," Peel said. "Over the last few years, Texas has declined. Even though Texas is still larger on an annual basis, that gap has cleared a little bit and it's one of the things that we kind of expected a decade ago really in the face of the ethanol juggernaut that took off, that we might see a relative shift of cattle feeding, or at least a competitiveness of cattle feeding. That's kind of what we're seeing happen."
And while Oklahoma is not one of the top five feeding states, our feedlot numbers are trending in line with those in Texas - somewhat in decline. Peel says the facts are there and the numbers tell the story, but why it's happening, Peel is hesitant to say.
"I think that's right, and again some of it is short run conditions and some of it is part of these longer run trends," he said. "I'm not sure that I have a good explanation for that, it's just something we observe at this point."
Listen to Peel and I discuss the evolution of changes happening in the feedlot industry over the last several months, recorded in recent USDA Cattle on Feed reports, on yesterday's Beef Buzz - 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.
|Commodity Groups Encouraged by President Trump's Commitment to Improve Our Nation's Infrastructure
President Donald Trump announced in Cincinnati earlier this week that he is committed to investing in upgrades and the modernization of our nation's infrastructure, including the major locks and dams of our inland waterways system, and highlighted the project's significant economic importance to our commodity industries.
"It's time to recapture our legacy as a nation of builders, and to create new lanes of travel, commerce, and discovery," President Trump said.
The President's announcement boosted farmer confidence, garnering reaction from commodity organizations.
"We especially appreciate the President's interest in inland waterways and in the unique infrastructure challenges facing rural areas," said Ken Hartman
, chair of the NCGA Market Access Team. "Farmers rely on our national infrastructure every day to get our products to market quickly, safely, and efficiently. Waterways, roads, and bridges are central to farmers' efforts to feed and fuel the world, and we must invest in all of them." Click here
for the complete reaction from the National Corn Growers Association.
"If we do not invest in modernization of this infrastructure, we lose our competitiveness in global export markets," said American Soybean Association Director Gerry Hayden, a soybean grower from Calhoun, Ky. "We are very pleased to see President Trump acknowledge the importance of investing in projects to improve these vital aspects of our supply chain and we look forward to working with the Administration and Congress to advance an infrastructure package this year."
The 2012 Census of Agriculture revealed some shocking truths about farmers today, says Austin Miles, Cattle and Technology Research Associate at the Noble Research Institute, in a recent article on the transition of family farms between generations.
According to the census, he says, farmers and ranchers are getting older, fewer in numbers, and there aren't as many "new" producers entering the industry.
"While these facts may sound gloomy and disheartening, let's look closer at some of the information and, more importantly, how young producers like myself can contribute to their family's operations.
"When looking at the farm facts below one wonders, what does this mean for you and your family operation? How does a young producer get involved? What can or should you do to improve upon the legacy of the family farm or ranch?
"As a young producer, I have pondered these questions myself. Our family operation in Whitesboro, Texas, is the stereotypical small family farm as defined by the agriculture census. My great-great-grandfather homesteaded there more than 100 years ago. Since then, my family has raised everything from cotton and corn to peanuts and cattle. My grandparents both had jobs off the farm, as did my parents, as do I. While I'd like to think the farm has always been profitable, I know that is not the case; without outside income, our operation would not have survived. I'd like to reflect on my experiences as a young producer and share some observations that could hopefully aid and encourage other upstart farmers, ranchers and land managers."
To learn more about how younger generations can get involved on the family farm, click over to our website
, to continue reading the full article by Miles.
|USDA Reports to be Released at 11 AM This Morning- Including an Update on Winter Wheat Production
USDA will be releasing their latest Crop Production and Supply Demand reports at 11 AM this morning. For winter wheat country- it will give us another look at the size of the 2017 harvest, with that harvest now well underway.
A month ago- USDA predicted an Oklahoma wheat crop at 89 Million bushels, Kansas at 298.8 million bushels and Texas at 69 million bushels. Click here for the complete report from Uncle Sam released then.
This go round- USDA will be operating with more information about the damage weather has done to the Kansas Crop- so that may be where changes will come- if any. For Oklahoma- the question is how many acres will be harvested- USDA called it 2.7 million acres in May.
On the Supply Demand Side of things- here are some of the thoughts that the Allendale folks have about the report out this morning- "Allendale expects old crop corn stocks to be revised down from 2.295 billion to 2.275 billion bushels on Friday's USDA S and D report (release time 11:00 am). Better corn for ethanol is expected. For new crop, we expect no change for production or any of the demand numbers on this report. With a lower carry-in stock level ending stocks may fall from last month's 2.110 billion to 2.090 billion bushels. The average guess for the Reuters newswire survey is 2.287 for old crop stocks and 2.085 for new crop ending stocks.
"Allendale's old crop soybean stock estimate calls for a decline from last month's 435 million to now 430 million bushels. We suggest domestic crush needs to be lowered. We see old crop export sales being raised a bit on this report. For new crop, we see no changes to production on this report. We do suggest an increase in stocks will be seen, from last month's 480 million bushels to 500 million bushels. Higher stocks will be derived from lowered new crop exports. The average guesses from the Reuters newswire poll suggest 433 million for old crop and 485 for new crop."
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, OERB, Oklahoma Farm Bureau, Stillwater Milling Company, Alltech, 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!
We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Click here to check out WWW.OklahomaFarmReport.Com
God Bless! You can reach us at the following: