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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.
FedCattleExchange.com has a total of 1,063 cattle on their showlist for the Wednesday, September 13th sale of finished cattle- details will be available after noon today by clicking here.
OKC West sold slaughter cows 1.00 - 3.00 lower and bulls were not well tested with lower undertones on Monday
Oklahoma National had $3 to $6 higher yearling cattle prices on Monday- click here for details.
Joplin also was higher- both for calves and yearlings- click here for their Monday report.
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
Tuesday, September 12, 2017
Latest Crop Report Mostly Unchanged from Week Ago, Overshadowed by Upcoming WASDE Report
In the latest crop progress report released Monday, September 11, 2017, the United States Department of Agriculture rated the US corn crop condition unchanged from a week ago, at 61 percent good to excellent, 26 percent fair and 13 percent poor to very poor. The US soybean condition has slipped just slightly from last week, rated at 60 percent good to excellent, 28 percent fair and 12 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 planted reached 1 percent, unchanged from the previous year but down 2 points from normal. Corn dent reached 87 percent, down 3 points from normal. Corn mature reached 42 percent, down 8 points from the previous year and down 16 points from normal. Corn harvested reached 9 percent, up 3 points from the previous year but down 9 points from normal. Soybeans setting pods reached 76 percent, down 6 points from normal. Soybeans dropping leaves reached 13 percent, up 6 points from normal. Cotton bolls opening reached 27 percent, up 9 points from the previous year but down 1 point from normal. To view the complete Oklahoma Crop Progress and Condition Report, click here.
In Kansas, winter wheat planted was 3 percent, near 4 last year, and equal to the five-year average. Corn condition rated 5 percent very poor, 13 poor, 28 fair, 43 good, and 11 excellent. Harvested was 10 percent, near 7 last year, but behind 15 average. Soybean condition rated 4 percent very poor, 12 poor, 35 fair, 43 good, and 6 excellent. Sorghum condition rated 2 percent very poor, 7 poor, 32 fair, 49 good, and 10 excellent. Harvested was 1 percent, equal to last year, and near 2 average. Cotton condition rated 2 percent very poor, 4 poor, 35 fair, 53 good, and 6 excellent. Harvested was 1 percent, equal to last year, and near 0 average. To view the complete Kansas Crop Progress and Condition Report, click here.
In Texas, winter wheat planted is rated this week at 6 percent complete, compared to 5 last year and the average. Corn's condition in Texas has remained unchanged since last week, still rated at 79 percent good to excellent, 18 fair, and 3 poor to very poor. Corn harvested is at 60 percent, ahead of both last year and the average by 2. Cotton's condition in Texas is currently 55 percent good to excellent, 30 fair, and 15 poor to very poor. Cotton harvested is at 16 percent, twice the rate of both this time last year and the average. Sorghum condition in the state has remained unchanged since last week still rated 78 percent good to excellent, 18 percent fair and 4 percent poor to very poor. Sixty-two percent of the state's sorghum crop has been harvested. To view the complete Texas Crop Progress and Condition Report, click here.
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.
|AFR Members in Washington Talking Farm Issues With USDA Secretary Sonny Perdue
Nine members of the American Farmers and Ranchers are participating in the fall National Farmers Union Washington Fly In- and heard from US Secretary of Agriculture Sonny Perdue on Monday. The Secretary offered an update on the efforts of USDA to be involved in the relief efforts following Hurricanes Harvey and Irma- and estimated that upwards of a billion dollars of damage has been found in Texas and Louisiana in the aftermath of Harvey- he says it is way too early for damage numbers for Irma as she continues to work her way into the mid south.
The AFR members, led by President Terry Detrick, also had the chance to talk with Oklahoma Congressman Tom Cole- and have meetings planned with Oklahoma Senators James Lankford and Jim Inhofe and Congressmen Frank Lucas and Markwayne Mullin on Tuesday.
In this week's article for the Cow/Calf Corner newsletter, OSU Extension Livestock market economist Dr. Derrell Peel offers readers an update on the cattle business so far this year as observed during the month of September.
In his analysis, Peel says feeder cattle prices are about 10 percent above year ago levels. He says it is likely that fed cattle prices will continue a steady decline over the course of the next couple months during the typical seasonal low in October - but prices are still expected to remain higher than this time late year.
At the same time, he says boxed beef prices have dropped sharply from June highs but appear to have stabilized recently.
"Choice boxed beef prices are currently very close to year ago levels while Select boxed beef prices are slightly higher year over year," Peel writes. "Boxed beef prices are expected to increase some in the fourth quarter and average higher year over year for the balance of the year."
Beef production this year is up as much as 4.0 to 4.5 percent from last year, caused by increased slaughter, which is up nearly 11 percent total. This is offset some though by lighter carcass weights, that have been on the average this year about 14 pounds lighter than carcasses last year.
"In the face of increased beef production in 2017, cattle and beef prices have been remarkably strong," Peel contends. "Retail prices have generally increased during the year and are at year ago levels despite the fact that per capita retail beef consumption is expected to increase nearly two percent this year."
for a look at Peel's complete analysis of the current trends in the cattle market.
Farm Bureau and John Deere announced, yesterday, a new partnership that will give Farm Bureau members in participating states special access to John Deere's GreenFleet Loyalty Rewards program
, providing members with a free two-year Platinum membership.
Along with valuable equipment discounts, GreenFleet Loyalty Rewards Platinum members are eligible for special parts savings, Home & Workshop Products discounts, and other members-only promotions.
"Together with Farm Bureau, we are strengthening our agricultural communities and building for the future," said Steve Geick, John Deere director of ag industry relations, US/Canada. "The GreenFleet Loyalty Rewards program for Farm Bureau members is John Deere's way of rewarding those who cultivate, harvest, transform, enrich and build upon the land."
Once the registration is complete, the member will receive their GreenFleet member number and can instantly access program benefits. Members can simply purchase online
or by visiting a local John Deere dealer
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And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
|Preconditioning Calves Needn't Be Hard - Even Simple Programs Can Offer Big Returns to Ranchers
Preconditioning programs for beef calves can not only generate improved health outcomes, but also provide additional price benefits at the sale barn. With dozens of pre-formulated programs out there for producers to choose from, Extension Veterinary Specialist Dr. Gregg Hanzlicek
, told me, that even the simplest of programs can significantly improve any rancher's operation and bottom line.
"There's been lots of studies to show that whether producers sell on video auctions or other auctions, typically if they mix a good vaccination program with perfect timing, they'll net some income from actually using a preconditioning program," he said. "For me, that means two to four weeks before the desired weaning time, let's get a good product that basically includes all the respiratory diseases and then also Blackleg. Let's get those vaccines in those calves."
By doing this, you will set up your calves with a stimulated immune system to help fight off post-weaning diseases. Hanzlicek strongly recommends working with your local veterinarian to help you develop your personalized vaccination program, as every product works differently to a degree in different geographical areas. Once the program is implemented, the next step is to make it known what practices you employ on your operation. Take advantage of special preconditioned sales as a channel for marketing your cattle. But before you consign to a sale, be sure you understand the auction's requirements.
"There are sales that are called preconditioning sales, but they have stringent requirements on what products that need to be used, and when," Hanzlicek advised. "It's important producers get ahold of the people and ask what exactly needs to be done to have cattle sold in that sale."
Learn more about available programs and where preconditioned cattle can be marketed here in the state
, and hear Dr. Hanzlicek speak on the value of implementing a preconditioning program into your operation with me, on yesterday's Beef Buzz - click here.
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Agricultural economist consultant, Myriah Johnson of the Noble Research Institute recently published an article outlining several options that beef producers should consider when marketing their calves from each calving season.
First, Johnson describes a situation many fall-calving producers are finding themselves in or will soon - asking the question of whether to sell fall yearlings now or wait until closer to November to put a bit of extra weight on them and create additional value? For some producers, this may not be viable, if they cannot compensate for the steep price declines for selling off late in the season. However, according to her calculations, Johnson says if your cost of gain is less than $1.39, you could stand to earn a bit of a profit here in Oklahoma by selling off heavier weight cattle late in the year.
The question is essentially the same for producers selling spring-born calves, except there are several options involved here.
"The choices here are," she writes, "1) strip the calves from their mothers and sell before the bawl is out of them; 2) wean and background or precondition the calves; 3) wean, background, place them on winter small grains pasture and pull them off by first hollow stem; or 4) wean, background and place them on winter small grains pasture through graze out."
Again, the case presents steeper price discounts going into next spring, compared to the remaining few months of this fall. If you are looking for the highest value of gain, that looks to be in just a few short months this fall.
The last two things to consider, Johnson says, is putting your calves under a preconditioning protocol, such as VAC-45 or VAC-60. She says, 9 out of 10 years, producers find a preconditioning program to be profitable for their operation. But she says this should all be evaluated for your particular individual operation. Which brings us to her last point, about managing your risk.
She says, looking at the numbers, retaining cattle until November or December seems to be the best option, but producers should crunch the numbers first before any strategy is committed to, as each operation is runs differently.
Read Johnson's complete article for more in depth advice on some of the considerations you can make regarding the marketing of your calves this year, by clicking or tapping here.
|This N That- Crop Production and WASDE Reports at 11 This AM and Remembering L.E. Castle
At 11 AM Central- we will have a pair of USDA reports to consider- the September edition of the USDA Crop Production report and the regular WASDE report.
Average analyst estimates from Reuters for today's USDA report are 168.2 bpa for corn yield and 14.035-billion-bushel total production. Harvested corn acres are estimated at 83.428 million. Soybean average estimates are 48.8 bpa and a total crop of 4.328-billion-bushel. Harvested soybean acres are estimated at 88.752 million.
"As a reminder, Tuesday's supply/demand report is not the final word on August 31 old crop ending stocks for corn and soybeans. We still don't have the complete numbers for exports, corn for ethanol production, soybean crush, and a few other numbers. It won't be until the September 29 Grain Stocks report, which reports September 1 physical stocks, that we see the true old crop ending stocks. USDA will then incorporate that into the October 12 supply/demand report with an appropriate demand breakdown," says Allendale's Rich Nelson.
Yesterday, a celebration of the life of L.E. Castle was held in Jet- Castle is a member of the Oklahoma Ag Hall of Fame as well as the Oklahoma Ag Teachers Hall of Fame- Mr. Castle was one of the best ag teachers in the country during his 18 year career at Burlington- and the number of lives he touched as an Ag teacher, farm leader and Sunday School teacher would fill a football stadium.
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