Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Tuesday, August 17, 2021
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Here is your daily Oklahoma farm and ranch news update.
- Crop Ratings Slip for Corn, Soybeans and Sorghum in Latest Report- Updated with Oklahoma Details
- Oklahoma's Michael Peters Thinking Global in Marketing Wheat
- Ethan Lane Says All Eyes are on Transfer Taxes
- Dr. Derrell Peel With A First Look at Fall/Winter Stocker Grazing
- Meet the Newly Elected President of the Oklahoma Cattlemen's Association Byron Yeoman
- USDA Invests $32 Million in High-Speed Broadband in Oklahoma
- ICYMI - 12 Teams of Oklahoma Cowboys Compete in Five Events to Raise Money for the Children’s Hospital
- In Memory of Former State Senator Paul Muegge
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Crop Ratings Slip for Corn, Soybeans and Sorghum in Latest Report- Updated with Oklahoma Details
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USDA’s weekly Crop Progress report Monday shows good to excellent corn condition is down 2 percentage points. Soybean crop condition fell 3 points. The cotton crop conditions are up 2 points from a week ago. The grain sorghum crop fell in the good to excellent condition, down 3 percentage points. Winter and Spring wheat harvest is complete.
The U.S. has 73% of its corn crop in the dough stage vs. 68% five-year average. The report shows 22% of the corn crop is in the dented stage, on track with the five-year average. The U.S. corn condition rating is marked at 62% good to excellent vs. 64% a week ago.
It is estimated that 94% of the nation’s soybean crop is blooming, on track with the 5-year average. The U.S. has 81% of soybeans setting pods vs. a 79% five-year average. For soybeans, 57% is rated good to excellent, down from 60% a week ago.
Looks like 75% of the U.S. cotton crop is setting bolls vs. 82% five-year average. Bolls opening is at 10%, down from 15% five-year average. The good to excellent rating for cotton sits at 67%, up from 65% last week.
There was a bit of a hiccup on Monday afternoon in regards to the Oklahoma Crop Progress stats- they were finally made available later in the evening- and our updated report posted on our website this morning does include those Oklahoma Stats- click on the button below for more of the national report- plus the state reports for Oklahoma, Kansas and Texas.
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The experts at P&K Equipment make it their mission to provide top-notch solutions and unbeatable customer service. Visit their website, call one of the stores, or stop in and see them today- discover the P&K experience for yourself.
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Oklahoma's Michael Peters Thinking Global in Marketing Wheat
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I caught up with Michael Peters, secretary-treasurer of U.S. Wheat Associates at the annual Oklahoma Wheat Growers Association conference in El Reno, Oklahoma, to talk about the world of wheat, now and in the future.
In July, USW’s board of directors met to discuss topics like wheat grading standards for hard white wheat, wheat quality improvement and USW’s next budget.
“Right now, there’s a lot of issues with wheat quality - that’s one of the things we focused on,” Peters said. “Transportation issues - the rail issue - there are some possible mergers happening in the rail industry.”
Speaking about the future, Peters said there are huge opportunities in China and Central America. According to Peters, hard red winter wheat is being shipped out of the Gulf of Mexico, on to China, which is a big deal for wheat growers in Oklahoma, Kansas and Texas.
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Ethan Lane Says All Eyes are on Transfer Taxes
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For Ethan Lane, vice president of government affairs for the NCBA, the burning question of CattleCon21, in Nashville was, “if the government chooses to go forward with said plans to fund the new infrastructure bill, what will that mean for the future of ranching in America.”
“I can’t tell you how many conversations I’ve had with producers who say, ‘are we going to be able to save our farms and ranches from a big tax hit?’” Lane said. “We’re talking about transfer tax.”
A lot of vital tax legislation is up for negotiation at this point, Lane explained. Doing away with stepped-up basis, rolling back estate tax exemption levels, and utilizing 1031 exchanges to manage estate values were some of the vital tax laws Lane said producers depend on.
“The word in Washington with democrats right now is, ‘if it’s wealthy - tax it,’” Lane said. “We’re hearing from some folks on capitol hill that they want to exempt agricultural producers from taking a direct hit on these provisions, but the number they’re talking about are well below where they need to be to truly be helpful.”
According to Lane, the exemption figures being thrown around at this time, don’t take into consideration urban expansion prices.
Today’s Beef Buzz, from the 2021 Cattle Industry Convention in Nashville, is a service of Farm Data Services of Stillwater.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a new daily report starting to be heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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Dr. Derrell Peel With A First Look at Fall/Winter Stocker Grazing
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According to Dr. Peel, current market conditions provide insight into fall and winter stocker grazing prospects. Feeder cattle auction prices show the current value of gain. For the last four weeks, the average price of 450 lb., medium/large no. 1 steers was $186.08/cwt. and the price of 750 pound steers was $156.31/cwt. This results in a value of gain $1.12/lb. on 300 pounds of gain. Values of stocker gain are higher this year and reflect the increased feedlot cost of gain due to high feedgrain prices. Stocker value of gain is expected to remain elevated in the coming months. The value of gain reflects the broad market environment for adding weight to feeder cattle. Actual profitability will , of course depends on actual purchase and sale prices and production costs for stockers.
Feeder futures prices at any point in time provide an indication of feeder cattle prices later. For next spring, the current March Feeder futures price is around $166 - $167/cwt. Average March Oklahoma basis for 750 pound steers is about $2.00/cwt. resulting in a current estimated March price of $168 - $169/cwt. This is well above the current price of 750 pound steers and reflects the optimism baked into future cattle market expectations. Of course, futures prices change daily and the only way to assure the current price level is to take a position on feeder futures or options.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
The Oklahoma Agriculture Mediation Program knows this is a hard time for farmers and ranchers. We want you to know we are still open, and we are still here for you. The Ag Mediation program is a free service that provides mediation to agriculture producers who may need help with ag-related disputes.
At Oklahoma Ag Mediation, we have been helping people in agriculture resolve conflicts since 1987. We know firsthand about working together to resolve conflicts, so you don’t have to go through the court systems. Let our professional mediators help you. Mediation is allowed for lease issues, farmer/neighbor disputes, family farm transitions, and more. These services are available at no cost for Oklahoma farmers and ranchers in all 77 counties. For more information, you can go to ok.gov/mediation, or give us a call at 800 248 5465.
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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.
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Meet the Newly Elected President of the Oklahoma Cattlemen's Association Byron Yeoman
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Meet the Newly Elected President of the Oklahoma Cattlemen's Association Byron Yeoman.
Hear his goals for his 2-year term and his story of how he became active in the OCA, by watching a short video.
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USDA Invests $32 Million in High-Speed Broadband in Oklahoma
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Agriculture Secretary Tom Vilsack announced that the United States Department of Agriculture is investing $167 million in 12 states to deploy broadband infrastructure in rural areas without sufficient access to high-speed internet.
Rural Oklahoma is receiving more than $32 million.
For a list of projects in Oklahoma, click or tap the button below.
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ICYMI - 12 Teams of Oklahoma Cowboys Compete in Five Events to Raise Money for the Children’s Hospital
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Twelve teams of real Oklahoma ranch cowboys will compete in five different events mirroring many of the activities of daily ranch life this weekend at the Lazy E Arena. Performances will be held on Friday, Aug. 20 and Saturday, Aug. 21.
Doors open at 5 p.m. and the performance begins at 7 p.m.
The competition is fierce, but the cowboys do not take home much more than bumps and bragging rights. They participate with one goal: to support the Children’s Hospital Foundation (CHF).
“CHF has been the benefitting charity of the event since 1997 and in that time the OCA Ranch Rodeo has raised more than $553,000.00 for the Children’s Hospital Foundation,” OCA's Weston Givens said. “When you purchase a ticket to the OCA Ranch Rodeo, you are supporting Oklahoma children and their families.”
CHF funds children’s medical research and treatment for children right here in Oklahoma. The funds raised for CHF in Oklahoma, stay in Oklahoma.
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In Memory of Former State Senator Paul Muegge
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We learned on Monday that former State Senator Paul Muegge of Kay County passed away after an extended illness- he passed early Monday morning, August 16th.
Clay Pope, who served in the state Legislature and has been a leader in conservation efforts in our state for years- is one of those who knew Paul Muegge well- he told us Monday evening " Paul was a good man and a good friend who’s heart was always in rural oklahoma. He always was focused on what he thought was best for small town Oklahoma and production agriculture.
"You always knew where Senator Muegge stood and he always stood for what he thought was right."
Also offering a memory of Senator Muegge was the President of AFR, Scott Blubaugh. "“As former chairman of the Oklahoma Senate Ag Committee, Paul Muegge was a passionate fighter for the family farms and ranches of Oklahoma. Sen. Muegge was tenacious and steadfast in his beliefs; he wasn’t afraid to take on Big Ag, especially when it mattered most. The John F. Kennedy Profile in Courage Award he received in 2004 was certainly well deserved and I am proud to have known him. I knew Sen. Muegge my entire life. I feel very privileged to have known him personally and worked with him during his impactful career as a representative of fellow Oklahomans. Not only have we lost a giant of Oklahoma agriculture, we have also lost a mentor and a friend.“
Details on a memorial will be available later in the week.
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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.
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Today's First Look:
Ron on RON Markets as heard on K101
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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Wholesale Boxed Beef Prices continue to go SHARPLY higher- Choice Beef was up $4.97 and Select Beef was up $5.53 on Monday August 16th.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 6,500 head for their Monday, August 16th Run.
Compared to last week: Feeder steers unevenly steady. Feeder heifers steady to 3.00 lower. Steer calves 4.00 - 6.00 lower. Heifer calves unevenly steady. Demand is moderate.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 4.801 on Monday August 16th
Compared to last week feeder steers and heifers traded steady. Supply moderate with good demand.
Click on the button below for details of the trade as compiled by the USDA Market News Service.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Pam Arterburn, Calendar and Template Manager
Chelsea Stanfield, Farm News and Email Editor
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is the main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week, bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
KC Sheperd talks with Oklahoma's 17th Lt. Governor, Matt Pinnell. Pinnell is also serving as the first Oklahoma Secretary of Tourism & Branding. Pinnell says lots of exciting things have Oklahoma on an upward trajectory- and he shares several highlights in today's conversation. Today's Road to Rural Prosperity Podcast is powered by Banc First, Loyal to Oklahoma and to you.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this podcast, you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, 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 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.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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