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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.
OKC West will resume sales on Monday June 10 after a Fourth of July break.
Finished cattle prices
dipped slightly lower Wednesday compared to last week on FedCattleExchange.com - 429 cattle were sold with the weighted average price this week at $117.50. Click here to see their complete market results.
OKC West is closed this week in observance of the July 4th holiday - click or tap here for a look at recent sale reports.
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
Thursday, July 6, 2017
Winter Wheat Harvest Winds Down Across Southern Plains, Attentions Turn to Summer Crops
In the latest crop progress report released Wednesday, July 5, 2017, the United States Department of Agriculture rated the US soybean crop condition at 64 percent good to excellent, 27 percent fair and 9 poor to very poor. The US corn condition is rated 68 percent good to excellent, 24 percent fair and 8 percent poor to very poor. For the complete USDA Crop Progress report, click here.
According to the weekly crop progress report from USDA, Oklahoma
winter wheat harvested reached 95 percent, up 3 points from normal. Corn silk reached 34 percent, down 5 points from normal. Sorghum headed reached 10 percent, up 2 points from normal. Cotton squaring reached 40 percent, up 24 points from the previous year and up 17 points from normal. Conditions of pasture and range were rated at 87 percent fair to good. To view the complete Oklahoma Crop Progress and Condition Report, click here
, winter wheat condition rated 8 percent very poor, 14 poor, 31 fair, 40 good, and 7 excellent. Harvested was 73 percent, near 76 last year and 72 for the five-year average. Corn condition rated 1 percent very poor, 6 poor, 30 fair, 52 good, and 11 excellent. Corn silking was 19 percent, behind 32 last year and 26 average. Sorghum condition rated 0 percent very poor, 3 poor, 26 fair, 67 good, and 4 excellent. Sorghum planted was 97 percent, equal to last year, and near 96 average. Headed was 3 percent, behind 10 last year, but equal to average. To view the complete Kansas Crop Progress and Condition Report, click here
, the 2017 wheat harvest was in the books for most of the state. Some areas of the Northern High Plains continues harvest between storms, now at 93 percent complete for the state as a whole, a 6 point increase from last week and above the 5-year average by 8 points. Cotton squaring is now 35 percent complete, ahead of the previous year by 9 and 4 the average. Cotton's condition in Texas is currently 41 percent good to excellent, 43 fair, and 16 poor to very poor. Corn condition as we near harvest rates 70 percent good to excellent, 24 fair and 6 percent poor to very poor. To view the complete Texas Crop Progress and Condition Report, click 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.
|After Unprecedented Strength, Wholesale Beef Prices Have Reached a Cliff, But is it Time to Panic?
These last few weeks, wholesale boxed beef market prices have begun to slide. Jim Robb
, director of the Livestock Marketing Information Center, who works with land grant universities around the country looking at meat demand outlook, told me in a recent conversation, that this past week heading into the Fourth of July, prices went over a cliff.
"We lost $15 per cwt in the boxed beef wholesale market," Robb reported. "That's a precipitous decline, obviously. But not completely unusual."
Recently, this market has been down as much as $20 and some change, Robb says. But he ensures, it is not time to panic. This time last year, it was again down around $16.50 per cwt. Robb makes the case that this level of decline is somewhat normal year to year. His concern is only that it has seemed to have happened so quickly after we have seen markets perform so strongly for so long now this year.
"We had been talking for weeks that the wholes market had not moved down very much and now that has really caught up with the live animal side of the market," he said. "I don't think we panic too much about the domestic beef demand component. It's a concern but most of this story has been here in the short-term supply side."
Listen to Jim Robb of the Livestock Marketing Information Center explain more about the sudden dip in wholesale boxed beef prices this past week, with me, on yesterday's Beef Buzz - click here
|Trump Administration Proposes Renewable Volume Obligations Reflective of Pledged Support
The Environmental Protection Agency has carried out the Trump administration's pledge to support the Renewable Fuels Standard and the ethanol industry this week.
Yesterday the EPA released proposed 2018 Renewable Volume Obligations for the Renewable Fuel Standard. The total renewable fuel volume is proposed to be 19.24 billion gallons, while the proposed conventional biofuel amount of 15 billion gallons maintains the level set in the final RVOs for 2017. The proposal also calls for 4.24 billion gallons of advanced biofuel, including 238 million gallons of cellulosic biofuel.
Through the administration's continued support of the RFS, consumers have better access to savings at the pump, while at the same time we are working together to strengthen our economy, and deliver greater energy independence, while improving our environment.
You can read more about the EPA's RFS proposal for 2018, by clicking here
|Stakeholders of the US Ethanol Industry Applaud EPA's 2018 RVO Proposal
The EPA's release of its 2018 RVO proposal for the Renewable Fuels Standard yesterday drew the praise of those involved in the ethanol industry.
The stakeholders of the renewable fuels sector were pleasantly satisfied to see the White House use its influence to ensure the EPA continued the President's pledge to uphold a viable and successful management of the RFS.
"Information from the Department of Energy, as well as from the numerous retailers across the country selling higher biofuel blends, confirm what we've known for years - there is no 'blend wall,' said Growth Energy CEO Emily Skor
in a statement released yesterday. "More and more of America's drivers are choosing higher biofuel blends, like E15, and fulfilling the promise of the RFS." Click here
to read Skor's full statement.
"If you want cleaner air, a stronger farm economy and vibrant rural communities, and greater energy independence, stand up for the Renewable Fuel Standard," said Wesley Spurlock, president of the National Corn Growers Association. "
Tell EPA thank you for proposing the RVO at the statutory level for conventional fuels, and ask EPA to support a growing biofuels sector and stronger RFS when issuing the final rule in the fall." For a look at Spurlock's complete statement, click here.
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.
It goes without saying that there has been a lot of change happening in global beef trade lately. With China accepting US beef now, Brazil embroiled in corruption scandals, the US banning Brazilian beef products and a proposed halt to beef slaughter in India - it's no wonder that things have the sense of chaos surrounding it.
In Rabobank's second quarterly report for this year, Angus Gidley-Baird, Rabobank Senior Analyst Animal Protein, suggests that the major bovine-exporting nations of the world, have the potential to cause material shifts in global trade.
"In May, Brazil's largest beef processor was caught up in political scandal. Brazilian beef exports dropped by around 10% YOY in the first five months of 2017, opening space in the global beef market, and the recent drop in cattle prices may lead to a future reduction in production, Gidley-Baird states.
"In early June, the Indian federal government released a directive that would ban the sale of cattle, including buffalo, in notified livestock markets for non-agricultural purposes-which would include the sale of cattle for slaughter. As India is one of the largest global bovine exporters, any ban on slaughter would have enormous global impact"
You can learn more about Rabobank's position on the global beef markets and speculations being made - by clicking or tapping 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.
|OSU Summer Crops Conferences Kick Off Next Week- Meetings in Ardmore, El Reno, Afton and Alva
Crop producers across Oklahoma should plan now to attend one of four Oklahoma Crops Conference events taking place in July- starting next week.
"The conference sites collectively represent one of the premier agricultural events of the year, focusing on all critical crops grown in a region and highlighting research-based best management practices designed to help growers get the most out of their operations," said Josh Lofton,
Oklahoma State University Cooperative Extension cropping systems specialist.
Free of charge and open to the public, the conference sites are scheduled for Ardmore, July 10; El Reno, July 13; Alva, July 17 and Afton, July 20. Each meeting will begin at 9 a.m. and finish at approximately 3 p.m. A donor-sponsored lunch will be provided free of charge to participants.
The Ardmore event will take place at OSU's Institute for Agricultural Biosciences. The El Reno event will take place at the OSU Cooperative Extension Conference Center. The Afton event will take place at the Leonard Family Farms operation. The Alva meeting will be held at the Northwest Technology Center.Click or tap here
to learn more. You can also email Josh Lofton
(click on his name) if you have questions about a specific location.
Billy Hall with Chappell Feedlot, has been in the cattle business his whole life. Seeing the industry from the vantage point of a commercial cow-calf producer, a registered breeder and now a cattle feeder gives him a unique perspective on what cattle are the most valuable to everyone.
"One of the primary goals of working with retained ownership customers and then feeding the cattle myself, then company cattle, is trying to identify the genetics that actually deliver the value in a very hard, volatile market," Hall said. "Trying to find those cattle that deserve, or you buy them for a premium, then they give a premium back to you when you market them on the grid."
The same traits are significant, no matter who owns the cattle throughout feeding.
"It's feed conversion, performance, really health is number one," Hall explained. "Trying to find cattle that can gain, and grade. Stay healthy, and yield. Just do everything they have to, because in today's environment, what cattle cost and the volatility, you can't leave any loops not closed."
To continue reading this story, or to watch a video clip featuring Bill Hall with Chappell Feedlot, explaining what cattle have to do to be successful in the finishing phase, click over to our website
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, 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!
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