Subject: Oklahoma's Farm News Update
From: Ron Hays <ronphays@cox.net>
Date: 6/27/2017 6:21 AM
To: ron@ronhays.com



 
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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 Carson Horn on RON.
 

  
  
MarketLinksLet'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.
 
   
FedCattleExchange.com has a total of 2,554 cattle on their showlist for the Wednesday, June 28th sale of finished cattle- details will be available after noon today by clicking here.
 
 
OKC West sold cows and bulls on Monday- prices were steady- click or tap here for details.

Joplin Regional Stockyards had  6,700 head on Monday- prices were steady to $5 up- click here for details

Oklahoma National Stockyards sold 6,200 on Monday- prices mostly steady- click or tap here for details

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 futuresclick or tap here for the report posted yesterday afternoon around 3:30 PM.
 
  
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Monday, June 26th.
  
  
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
  
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
  
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
  
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
  


  
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
    Tuesday, June 27, 2017


Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 







Featured Story:
CottonOklahomans Poised to Plant Largest Cotton Crop This Year Since the 1980s, Thanks to New Technologies 

At last week's ground breaking ceremony for the Carnegie Coop's addition of a new cotton gin facility, I had the chance to speak with our State Cotton Specialist Dr. Randy Boman. According to him, the building of this mammoth cotton gin, is the herald of a cotton renaissance happening in our state and throughout the cotton growing region as well.


"We are in the midst of quite a revolution in terms of cotton production," Boman remarked. "We just happen to be lucky that cotton right now has seen a lot of success the last couple years. It's a combination, kind of a perfect storm, of a lot of technologies coming together at once."


Only last year, Oklahoma had it best year for cotton since 1944. What farmers did back then on a million and a half acres, we did with only 300,000 harvested acres - producing 600,000 bales of cotton. How were we able to accomplish this? Advancements in technology and innovative new management practices Boman says.


Over the last couple decades, Boman says the cotton industry has had its setbacks with bollweevil infestations, weed control issues and much more. But thanks to science and research, we've managed to overcome these limitations.


With the overall farm economy what it is, currently, Boman insists that cotton is one bright spot that has attracted the attention of farmers nationwide. In fact, he believes that here in Oklahoma, we may actually plant the most acres in cotton, since the 1980s with close to half a million acres this year.


To read more or to hear my complete interview with Dr. Boman about the rise of cotton here in Oklahoma, click here.

Sponsor Spotlight
 
 
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a 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. 


In the latest crop progress report released Monday, June 26, 2017, the United States Department of Agriculture rated the US soybean crop condition at 66 percent good to excellent, 26 percent fair and 8 poor to very poor. The US corn condition is rated 67 percent good to excellent, 25 percent fair and 8 percent poor to very poor. Nationally, winter wheat harvest has reached 41 percent complete, 1 point below this time last year and ahead of the average by 2 points. For the complete USDA Crop Progress report, click here.


According to the weekly crop progress report from USDA, Oklahoma winter wheat harvested reached 90 percent, up 11 points from normal. Canola harvested reached 90 percent, up 1 point from normal. Sorghum planted reached 95 percent, up 11 points from normal. To view the complete Oklahoma Crop Progress and Condition Report, click here.


In Kansas, winter wheat harvested was 48 percent, behind 53 last year, but near 47 for the five-year average. Corn condition rated 1 percent very poor, 6 poor, 32 fair, 50 good, and 11 excellent. Soybean condition rated 0 percent very poor, 2 poor, 29 fair, 63 good, and 6 excellent. To view the complete Kansas Crop Progress and Condition Report, click here.


In Texas, wheat harvest continued, reaching 87 percent complete for the state as a whole, 11 points above last year and 14 points above the 5-year average. Cotton planted is now 97 percent complete, on par with last year and below the average by just 1 point. Corn condition rates 70 percent good to excellent, 25 fair and 5 percent poor. To view the complete Texas Crop Progress and Condition Report, click here.
I had the chance to speak with Gerald Theus of the US Wheat Associates Cape Town, South Africa office during his recent visit to our state, bringing with him a group of millers from Nigeria and South Africa to meet with local producers and wheat industry leaders.
 
 
The Oklahoma Wheat Commission hosted the group this past weekend. As they came to learn about how we produce wheat here in the Southern Plains, I took the opportunity to learn how they use the wheat we produce.
 
 
According to Theus, the touring nations, Nigeria and South Africa, represent that region's two largest markets for US wheat.
 
 
One subject that rose to the top of the group's discussions though this year, says Theus, is the African people's white wheat demand. Currently, only very little of the class is produced here in the states, and what is, is consumed domestically. Theus explains that four or five years ago - we introduced Nigerians to white wheat and they were immediately hooked. Since then though, we have not been able to fill any other orders for it.
 
 
Theus says the delegates on this team have made it a priority issue to discuss with our wheat industry leaders during their trip. Since we have not been able to accommodate them, they have instead turned to Australia, which cost us a large share of the markets unfortunately. Theus says to stay competitive, we must look into producing more white wheat for this region.
 
 
Learn more about the African wheat team's visit, and listen to my full interview, by clicking or tapping here.
BUZZEconomist Derrell Peel Predicts Cattle Markets Likely to Hold a Sideways Pattern for Remainder of 2017

In this week's Cow/Calf Corner newsletter, Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel, delves into the latest Cattle on Feed report, out from the US Department of Agriculture this past week. He spoke with me about his thoughts on these numbers and what they mean for the foreseeable future of the cattle business.



"With July 4 beef purchases complete, wholesale beef prices have dropped sharply the past ten days. Beef and cattle markets, have defied gravity by staying stronger, longer than most expected this spring. However, with seasonal pressure prevailing, beef and cattle markets have weakened and will likely struggle seasonally for the next six plus weeks. Beef markets often weaken during the summer doldrums, that period of summer heat between Independence Day and Labor Day. The summer slump may be mitigated somewhat if July 4 beef sales are strong prompting follow-up beef sales. Wholesale markets will likely struggle until August when Labor Day purchases will pick up to support beef features for Labor Day, the last big grilling holiday of the summer. Cash fed cattle prices have correspondingly dropped over $10/cwt. in the past ten days or so. Feeder cattle prices have dropped $10-$12/cwt. in the past week. Domestic and international beef demand will continue to be a key as beef supplies will undoubtedly continue to increase year over year in the second half of the year. Recently released retail meat prices show that Choice and All-Fresh retail beef prices increased from April to May. Choice retail beef prices in May were up 1.0 percent from last year while the All-Fresh retail beef price was down 3.9 percent year over year.



"Beef production for the year to date in 2017 is up 3.8 percent, with cattle slaughter up 5.7 percent but being offset by sharply lower carcass weights so far this year. At the current time, steer and heifer carcass weights are down 17 pounds from the same time last year. Steer and heifer carcass weights bottomed seasonally in early May and are expected to increase seasonally into the fourth quarter. However, a normal seasonal increase from current levels would still have carcass weight down significantly year over year and will continue to moderate larger slaughter numbers.

 

Continue reading Dr. Peel's analysis of the latest Cattle on Feed report numbers out last week from USDA, or listen to Peel and I break the numbers down, on yesterday's Beef Buzz - click here.

Sponsor Spotlight
 
 
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.

Click here to go to their AFR website to learn more about their efforts to serve rural America!


The Oklahoma Farm Bureau recognized more than 80 state senators and representatives this week - releasing a list that names all those Oklahoma legislators that retained a 100 percent voting record with the Farm Bureau organization during this year's legislative session.


"Oklahoma Farm Bureau is thankful to have excellent representation as we continue to fight for our members at the state Capitol," said Tom Buchanan, OKFB president. "We applaud these lawmakers for their efforts to protect agriculture and rural Oklahoma."

 

 

The members of the state legislature were scored on how they cast their vote for a series of proposed bills that were introduced this session, that the OFB had taken a stance on.

 

For more on how these policymakers were scored, or for a complete list of those legislators that were named, 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.

 



Competition in the meat case is making grilling for July 4th even more affordable for consumers this year, according to Farm Bureau's 2017 All-American Cookout Survey.


A cookout of Americans' favorite foods for the Fourth of July, including hot dogs, cheeseburgers, pork spare ribs, potato salad, baked beans, lemonade and chocolate milk, will cost slightly less this year, coming in at less than $6 per person, says the American Farm Bureau Federation. 


Farm Bureau's informal survey reveals the average cost of a summer cookout for 10 people is $55.70, or $5.57 per person. The cost for the cookout is down slightly (less than 1 percent) from last year.


"As expected, higher production has pushed retail meat prices down," said AFBF Director of Market Intelligence Dr. John Newton.


A total of 97 Farm Bureau members in 25 states served as volunteer shoppers to check retail prices for summer cookout foods at their local grocery stores for this informal survey.


Continue reading about this survey conducted by the American Farm Bureau Federation, by clicking over to our website.
TulsaStateFairNomination Deadline is this Saturday for Tulsa State Fair Junior Livestock Show
 
The Tulsa State Fair Junior Livestock Show Nominations are due this coming Saturday, July first.

The July first Nomination Deadline is for Market Steers, Barrows, Lambs, Goats and Breeding Commercial Ewes, Gilts and Does.

The lone exception is for Commercial Heifers- the deadline for them is August first.

More details on the nominations for the Tulsa State Fair Junior Livestock Show can be found by clicking here.

The 2017 Tulsa State Fair dates are September 28 through October 8th.

Our thanks to Midwest Farms Shows, P & K EquipmentAmerican Farmers & Ranchers, Livestock Exchange at the Oklahoma National StockyardsOERBOklahoma Farm BureauStillwater Milling Company, Oklahoma AgCreditthe 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 appreciate our Market Links Sponsor - OKC West Livestock!

 
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.   
 

 
God Bless! You can reach us at the following:  
 
phone: 405-473-6144
 

 




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