Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- Wheat Prices Limit Up in Early Monday Trading from Russia-Ukraine War
- Welcome to OYE Week One- It's The Greatest Show
- Steve Thompson with Farm Bureau Offers an Update After First Major Deadline at State Capitol for 2022
- Congressman Markwayne Mullin Eyes Senate Seat- Says He's Fed Up with Government Overreach
- Rep. Rick West Passes 4-H Excused Absence Bill Out of Committee
- CAB's John Stika Believes that Certified Angus Beef Consumers Want to Know Ranchers' Stories
- OSU's JJ Jones Wrestles With the Question- When is Fertilizer too Expensive?
- Oil Prices Going Crazy- as Biden Administration Considering Banning Russian Oil and Gas
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Wheat Prices Limit Up in Early Monday Trading from Russia-Ukraine War |
Wheat prices are the clear 'tip of the spear" when it comes to measuring the fear factor over global grain and oilseed supplies and production as Monday morning overnight trade has both Kansas City Hard Wheat and Chicago Soft Wheat up 85 cents- limit up- because of the Russia-Ukraine war.
That puts May KC Wheat at $12.99 1/2 and July new crop at $12.55 a bushel. Chicago soft Wheat futures are at $12.94 and $12.60 for the May and July deliveries.
OSU's Dr. Kim Anderson did a nice job of explaining the fears and unknowns of the current wheat market this past week for his recorded segment on SUNUP over the weekend- click here to listen to his thoughts from his conversation with Lyndall Stout.
No resolution is in sight- and that keeps the fear driving the ag and energy markets rising. We have more on the energy side of things further down in this morning's email.
Meanwhile- a BBC report that we saw this morning caught our eye as it relates to food and agriculture- the headline saysUkraine war 'catastrophic for global food'
You can read their latest analysis on this aspect of the Russia-Ukraine war by clicking on the Blue Button below.
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Welcome to OYE Week One- It's Truly The Greatest Show! |
After a great season of District Shows around Oklahoma- 4-H and FFA members have their sights on the World's Largest Junior Livestock show over the next ten days- the 2022 Oklahoma Youth Expo.
Expectations are high as the number of entries have made fresh record highs in all the species- just over 25,000 entries and over 7,300 participants have paid their money and have entered this year's OYE. While we know a significant number of those exhibits won't make the trip to the Oklahoma City Fairgrounds- enough will show up that we will very likely have record animals actually showing starting this coming Thursday. Click here for our conversation a few days back with Kass Newell- Executive VP of the Youth Expo about the entries and more.
On Wednesday- we will likely have the most Ag Mechanics entries in this the third year for newest contest for OYE. Jerry Renshaw is the superintendent for the Ag Mechanics Contest- we talked with him last year about how this show is growing- go back to last March by clicking here to listen to Jerry's comments.
There is one opportunity for anyone that has not entered anything at this point to be a part of OYE- you can participate in the OYE Skillathon set for 1:30 p.m. to 4:30 p.m. on March 14.
Deadline to enter for this event is Tuesday, March 8th- details available on the Oklahoma Department of Ag website- click here.
Our coverage of the 2022 OYE is being powered by Hilliary Communications, serving more than 19,000 customers with telephone service in 22 counties throughout Oklahoma & Texas. Click here to learn more about the Hilliary family and their efforts to serve rural Oklahoma!
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Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company’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.
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Steve Thompson with Farm Bureau Offers an Update After First Major Deadline at State Capitol for 2022 |
This past week was an important deadline week at the Oklahoma State Capitol- as any bill that was not acted on and reported out by the committee it was assigned to was effectively dead for this session. According to Oklahoma Farm Bureau's Steve Thompson- we started with around 3.000 bills when the current session started in early February- after this past week- we have narrowed the bills still alive to under a thousand.
In the latest episode of OKFB's Lincoln to Local, Steve Thompson weighs in on several key issues for Farm Bureau members, including ad valorem taxes, oil and gas royalty payments and medical marijuana.
On medical marijuana- Thompson says that a large number of bills related to this issue have stayed alive- including language that would move the Oklahoma Medical Marijuana Authority and make it a standalone agency within state government.
Another measure would establish requirements for Grow House operations to report electricity and water volumes used in their production. And a bill that would require signage that provides information to the public on who is operating a particular grow facility- ownership details, government permit numbers and the like- all of which could offer some transparency to neighbors about these operations that have popped up in their areas.
You can watch the video by clicking on the video box below.
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Congressman Markwayne Mullin Eyes Senate Seat- Says He's Fed Up with Government Overreach |
With Senator Jim Inhofe announcing his retirement, several candidates have thrown their hat in the ring to take his place. One of those is Oklahoma Second District Congressman Markwayne Mullin. Mullin has announced his intention to run for the remaining four years of Senator Inhofe's sixth term. I spoke with Mullin about why he was interested in taking a run at the US Senate Seat, and he said, you are never going to change anything you are willing to tolerate, "I got involved in politics in 2011 just because I simply got Fed Up. I got Fed up with the number of regulations tearing down our businesses."
Mullin and his wife operate a family farm with a small cow/calf operation, and with the help of his wife, they went into business for themselves and grew their family business. However, Mullin said when the regulations came down from Washington, they came down heavy, "I thought if my biggest competition isn’t my neighbor, but it's trying to compete with the bureaucrats in Washington DC, (underneath that time being Obama) then that's where I need to take a fight."
You can learn more about how Mullin got into politics- why he wants to be our next US Senator and the urgency he feels in getting out engaging with Oklahoma voters in the next 16 weeks ahead of the GOP Primary on June 28th. Click on the Blue Button to read more and to listen to our conversation.
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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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Rep. Rick West Passes 4-H Excused Absence Bill Out of Committee |
Rep. Rick West, R-Heavener, this past week won unanimous committee passage of a bill that will grant students involved in 4-H activities or projects an excused absence from school so their grades will not be adversely affected.
House Bill 2991 prohibits schools from marking students with an unexcused absence if they are participating in 4-H activities approved by the county 4-H educator. The student is required to provide documented proof of their participation, and must be given the opportunity to make up any missed work.
"This bill is just saying that kids involved in 4-H programs can't be penalized when they miss school for taking part in approved activities," West said.
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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
Oklahoma Farm Bureau is a grassroots organization working to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization, OKFB advocates for farmers and ranchers at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. With leadership events, supporting our state’s agricultural youth and connecting consumers with agriculture, Farm Bureau promotes and sustains Oklahoma agriculture in numerous ways. Join with OKFB today by becoming a member at okfarmbureau.org/join. Together, we are rural Oklahoma.
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CAB's John Stika Believes that Certified Angus Beef Consumers Want to Know Ranchers' Stories |
The folks with the Certified Angus Beef Brand know that consumer demand enables CAB to be so successful. While you can always ask consumers what they want in a good steak, oftentimes what they say and what they do are two different things.
That is why John Stika, president of the Certified Angus Beef Brand, said extensive research on consumer demand is what will help the brand continue to evolve. So, what have they learned? Consumers continue to pay for top-quality CAB, but they also expect more information along with that purchase.
“The brand will always be focused on quality and taste because we know that is what the consumer has shown us they are willing to pay for,” Stika said. “But they want to know more about how the cattle are handled. They want to know more about how cattlemen are raising cattle. There is just more interest in what we do as a profession and a livelihood.”
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OSU's JJ Jones Wrestles With the Question- When is Fertilizer too Expensive? |
OSU Farm Management specialist JJ Jones has set the table for a discussion on the cost of fertilizer- which is especially relevant with the Russian invasion of Ukraine now into another week.
Jones says Fertilizer prices have soared to almost record high prices since the summer of 2021. Urea (46-0-0) prices are averaging $890/ton with a range of $830 to $945. DAP (18-46-0) is just behind with an average of $864/ton. These high prices have many producers wondering if it is too expensive to use fertilizer in 2022.
The answer to this question will depend upon an individual producer’s stocking rate and forage needs. But to determine at what price fertilizer becomes economically cost prohibitive let’s compare the daily cost of feeding a cow with forage grown with fertilizer versus purchased hay.
An average cow will eat, trample on, lie on, defecate on or waste 43 lbs. of forage per day. By adding 50 lbs of nitrogen (109 lbs. Urea) bermuda grass will produce 1 extra ton of forage. Fertilizer is commercially spread at a charge of $5.00/acre. Hay bales purchased are 1,000 lbs. and the same quality as the forage grown in the pasture.
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Oil Prices Going Crazy- as Biden Administration Considering Banning Russian Oil and Gas |
Oil and natural gas prices continued to soar over the weekend. That has huge implications on transportation costs as well as fertilizer going forward- and the analysts say things are changing by the hour.
According to Bloomberg- "Oil soared to just shy of $140 a barrel after the White House said it was considering an embargo on Russian supplies. The Biden administration is mulling making the move on its own, if it can’t get its European allies on board initially, two people familiar with the matter said."
That $140 was for Brent Crude- while West Texas Intermediate Crude has been as high as $130 in weekend trade- as of 5:30 AM central this morning- we see the current WTI futures price at $122.49. Natural Gas futures this morning are up 15 cents to $5.17 per million BTU.
A Brussels energy analyst we follow on Twitter says that it's time for the US and the European Union to fish or cut bait on the idea of embargoing Russia energy- "What we are seeing in energy markets is a huge gift to Putin. US-EU need to decide now if to go full energy embargo (an oil embargo would lead to Russia's gas cut anyhow) or just drop the idea overall. Discussing it without delivering just means HUGE additional revenues to Putin"
The fear factor continues.
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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 were mixed on Friday, March 4th. Choice beef was off 2 cents while Select Beef was up 62 cents.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards reports 9,700 head on Sunday evening- and Kelli Payne tells us that they expect 10,200 to start with at sale time with a final expected total of 10,700 for the day- Today's auction will start at 6:30 AM.
Compared to the previous sale on February 21st: Feeder steers and heifers unevenly steady with a light test in most weight classes. Stocker steers and heifers 2.00 - 6.00 higher. Steer and heifer calves unevenly steady. Demand moderate to good. Quality average to attractive.
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 that day.
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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.
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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
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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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