Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- Crazy Grain Prices- Have We Got Another Black Swan Brewing for Cattle Prices?
- Congressman Frank Lucas and Ron Hays Talk Joe Biden's State of the Union
- Oklahoma Ag in the Classroom Names Teresa Brunnemer as their 2022 Teacher of the Year
- New FFA Chapter Coming to Piedmont
- U.S. Farm & Biofuel Leaders Call for Swift Action to Unleash Lower-Cost Biofuels
- Lucas: “America Stands Ready to Replace Resources That May Not Be Available- for the Rest of the World”
- National Farmers Union Concludes 120th Anniversary Convention
- Express Spring Bull Sale Coming Friday March 4 in Yukon
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Crazy Grain Prices- Have We Got Another Black Swan Brewing for Cattle Prices?
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Just as our world was working it's way free of the COVID Pandemic- here comes a crazy man who has invaded a major agricultural producer/exporter and on the horizon- there's a big bad black bird- I am just not sure if it's a buzzard or a black swan.
As I was preparing this email this morning- I saw the comments from Bill Barnhart of OKC West- I put them in the OKC West Market report further down in the email- but they bear repeating right here at the top where I hope many of you take a moment and read them:
"Global turmoil is making a mess out of the feeder market this week. Spot corn futures closed today at 7.51/bu. Add the basis of 1.25 for southern plains feedyards and we now have cost of gains approaching 1.50/lb. This is a big dilemma for cattle feeders. Feeder futures have lost chunks since making highs 3 weeks ago. The cash market today was 3.00-8.00 cheaper. A few fat cattle were reported today at 140-141, 1.00 lower from last week’s light trade. Even though fundamentals remain strong, packers will use the negative psychology to buy cattle cheaper."
As we put the finishing touches on today's update- at 5 am central- overnight electronic trade has May KC Wheat up 30 cents after jumping 72 cents during the trading day yesterday- in other words- up a buck in less than 24 hours- all in fears of the Russian-Ukraine conflict which is ground zero for one fourth of the wheat produced in the world.
Corn futures for May are up 5 3/4 cents this morning after a less than a cent down close on Wednesday afternoon- this coming after 2 days of limit up closes in Chicago because of the global fears and the fact that Ukraine is also a very significant player in the international feed grain market.
And of course- there's oil prices- this morning in the 5 am hour- we have crude oil futures at $113.12- up $2.52 (has been over $116 in the overnight trade) and higher crude means higher input costs for ag in a lot of different ways.
Higher Higher on these commodity prices- and for yearling cattle prices- high feed grain costs is seldom a positive development.
Stay tuned- the ride ain't over yet.
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National Livestock was founded in 1932 in Oklahoma City. National’s Marketing Division offers cattle for sale weekly at the Oklahoma National Stockyards in Oklahoma City. The Finance Division lends money to ranchers across several states for cattle production. The Grazing Division works with producers to place cattle for grazing on wheat or grass pastures.
National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation’s premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today’s producer. To learn more, click here for the website or call the Oklahoma City office at 1-800-310-0220.
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Congressman Frank Lucas and Ron Hays Talk Joe Biden's State of the Union
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Oklahoma Congressman Frank Lucas was front and center in the House Chamber for the State of the Union address by President Joe Biden on Tuesday evening. After the speech, I had the chance to sit down with the Roger Mills County member of Congress and discuss his thoughts on what was said by the President. (no that's not me talking to the Congressman- that's Byron Yeoman of OCA a few weeks back at their Policy Meeting)
Lucas tells me there are some issues that he agrees with the President on- "funding the police, securing the border, immigration reform, Chinese competitiveness- he touched on the issue of packer concentration in the livestock industry- all things I agree on. Nonetheless- There were issues that causes me great angst and heartburn...he pushed the progressives' agenda- whether it was more money on climate change and their green new deal and his focus on new taxes on successful individuals to pay for all of these plans."
He also praised the President for sending the message that the US is standing together against aggression by Russia and their invasion of Ukraine.
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Oklahoma Ag in the Classroom Names Teresa Brunnemer as their 2022 Teacher of the Year
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Each year, parents hope for a teacher who will challenge their students, all while making a lasting impact on their lives. Parents and students in Morrison are fortunate to have Teresa Brunnemer as a teacher. Oklahoma Ag in the Classroom is excited to announce Mrs. Brunnemer as their 2022 Teacher of the Year.
“When you see Teresa in her classroom, it is obvious she has a passion for teaching her young students about agriculture,” said Emily Ague, State AITC Coordinator. “Her students are excited and eager to learn.”
Brunnemer has taught at Morrison Public Schools for 24 years. In that time, she has attended workshops, “On the Road with Ag in the Classroom” road trips and has attended and presented at the State and National Ag in the Classroom Conferences.
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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 daily report heard on several of our Radio Stations- It's Called Cotton Talk!
Click on the Button below to listen to our most recent report
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New FFA Chapter Coming to Piedmont
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Blue and gold corduroy jackets will soon be hitting city streets with the addition of a new Agriculture Education program and FFA chapter joining Piedmont Public Schools.
In the fall of 2021, school administration surveyed Piedmont’s middle and high school students to discover their interest in various courses. One of the questions asked was if they’d like to be a student in an agriculture education program, and the response was an overwhelming “yes,” Piedmont Public Schools Superintendent Dr. James White said.
At the state-level, CareerTech Program Specialist Kurt Murray received notice from White that interest in an agriculture education program in the Piedmont district was strong, and he’s been working with school administration to get the ball rolling.
“Piedmont Public Schools’ student survey showed strong interest and support. It was north of 100-125 students surveyed that said they wanted to be in an agriculture education program,” Murray said. “Piedmont’s superintendent, Dr. White previously came from a school that had Ag Ed and he knows the value of the program.
’We all agree there is a lot of potential for this to grow pretty quickly in Piedmont,” he said.
Thanks for the heads up from an Article written by Cara Pattison in the PiedmondNewsOnline
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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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U.S. Farm & Biofuel Leaders Call for Swift Action to Unleash Lower-Cost Biofuels
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America’s top biofuel and farm advocates called on President Biden to swiftly expand access to plentiful, lower-cost biofuels as Russia’s invasion of Ukraine pushes fuel prices closer to record levels. The Environmental Protection Agency (EPA) is soon expected to finalize biofuel blending requirements for 2021 and 2022 and address a controversial bid to retroactively alter volumes set for 2020. The following joint statement was issued by Growth Energy, Advanced Biofuels Business Council, American Farm Bureau Federation, Clean Fuels Alliance America, National Farmers Union, and Renewable Fuels Association:
“American-made biofuels are the only abundant, affordable, homegrown alternative to oil that can immediately extend the domestic supply of liquid fuels. It was the right solution when experts warned time and again that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would not protect American drivers from inflated fuel costs. Today, the economic case for biofuel blends is as clear as the sign posts outside every fueling station. Ethanol is trading at a steep discount compared to unblended gasoline, often 50 to 60 cents per gallon, and consumers are driving out of their way every day to capture the extra 15 cents or more per gallon savings on higher blends like E15.
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Lucas: “America Stands Ready to Replace Resources That May Not Be Available- or Affordable- for the Rest of the World”
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Wednesday morning, Congressman Frank Lucas (OK-03) joined his colleagues on the House Committee on Financial Services for a hearing with Federal Reserve Chairman Jerome Powell on the state of the U.S. economy.
Lucas questioned Federal Reserve Chairman Powell on the impact Russia’s invasion of Ukraine will have on commodity prices, as well as the importance of the U.S. financial system to have reliable and liquid markets.
On commodity prices
Lucas: As Congresswoman Wagner touched on, the price of oil has continued to climb during the past year to its highest level in more than seven years. We now see international banks appropriately shunning Russian oil, even without energy sanctions.
Can you describe the range of different scenarios the Fed projections paint in regard to this? And along with that, how do you see this potentially impacting the already rampant inflation issues?
Powell: Well, obviously, the price of oil depends on events that haven't occurred yet. It really depends on where this goes going forward. We have seen prices move up, including just in the last couple of days, and they moved up quite substantially since you go back three months before this incident kind of began, prices are up quite a bit. The effects are going to be passed through into gas prices, into lower economic activity and into inflation, headline inflation. And the larger the increase, the more the larger the effect. But the question then will become, that's a price level change. Is that going to lead to repeated inflation increases at that time? And that is not necessarily the case. And, of course, we would use our tools to make sure that it's not the case.
Lucas: And, of course, representing the constituency I do, which is both oil and gas and production agriculture, we take very careful note of what those actions will affect, how they will affect world crude oil prices and, of course, the Ukraine being a very historic major grain producer. My wheat people also are prepared to step up and match that, but it all underscores, I suppose, the increased energy production in the United States and supporting policies that will not penalize or drive capital away from domestic oil and gas production. That's more of an editorial on my part, Mr. Chairman. But I note that we stand ready in this country to replace resources that may not be available or affordable for the rest of the world, and we just need a little incentive and encouragement from this side of the room to utilize those things."
Read more by clicking the Blue Button Below- and watch the interchange in the video below:
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National Farmers Union Concludes 120th Anniversary Convention
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The National Farmers Union (NFU) 120th Anniversary Convention concluded today following the adoption of the organization’s policy book and special orders of business. More than 450 members and guests convened in Denver, Colorado, to set policy positions and priorities that support American farm and ranch families and strengthen rural communities.
Delegates to the convention adopted the NFU policy book and five special orders of business that will guide the organization’s government affairs priorities over the course of the next year. Before the policy review began, they re-elected Rob Larew as president and elected Jeff Kippley as the organization’s vice president.
In order to provide the national organization with a set of priorities for the coming year, delegates approved five special orders of business:
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Express Spring Bull Sale Coming Friday March 4 in Yukon
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Express Ranches Spring Bull Sale is happening tomorrow, Friday, March 4, 2022
Noon - At the Ranch in Yukon, Oklahoma.
It can also be seen on Superior Click to bid.
Express will offer 433 Angus and 51 Hereford bulls- all with genomic EPD information.
Click here for the online video catalog from Superior
A few weeks ago- we talked with Jarold Callahan, President of Express Ranches- click on the blue button below to read more and listen to our conversation with Jarold.
Click here for the Express website for lots more info on the Spring Bull Sale
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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 lower- Choice Beef was down 96 cents and Select Beef was off 18 cents on Wed. 3/2/20222
Click on the Button below for the latest report from USDA Market News
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OKC West in El Reno had 9,714 head in their Tuesday/Wednesday sales this week.
Compared to last week: Feeder steers traded 2.00-6.00 lower. Feeder heifers sold 3.00-7.00 lower. Demand light to moderate. Steer and heifer calves sold steady to 1.00 higher. Demand good. Much warmer weather is in the forecast for the rest of the week with temperatures in the mid 70's.
Meanwhile Bill Barnhart- Manager at OKC West- offered these thoughts on Facebook after a lower yearling market on Wednesday- "Global turmoil is making a mess out of the feeder market this week. Spot corn futures closed today at 7.51/bu. Add the basis of 1.25 for southern plains feedyards and we now have cost of gains approaching 1.50/lb. This is a big dilemma for cattle feeders. Feeder futures have lost chunks since making highs 3 weeks ago. The cash market today was 3.00-8.00 cheaper. A few fat cattle were reported today at 140-141, 1.00 lower from last week’s light trade. Even though fundamentals remain strong, packers will use the negative psychology to buy cattle cheaper."
Click below for the complete closing report.
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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 Wednesday 3/2/2022
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm/Ranch Broadcaster and Editor
KC Sheperd, Farm Director and Editor
Dave Lanning, Markets and Production
Pam Arterburn, Calendar and Template Manager
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity dives into these stories, bringing 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.
Our Latest RRP features the Director of the National Ag Law Center Harrison Pittman. The Center is located at the University of Arkansas in Fayetteville. Ron and Harrison discuss what Ag Law is- and dove into a whole list of issues that have real world impacts on farmers and ranchers- Prop 12 in California, the Supreme Court's consideration of WOTUS, ESA and the impact on Ag Chemicals, Right to Repair and more.
Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.
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, 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
Rural Oklahoma Networks
405-317-6361
***************
Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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