Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- Overnight Wheat Futures Retreat- Crude Oil Higher While Cattle Prices Tumble
- OYE's Tyler Norvell Looks Forward to 2022 Youth Expo
- House Republicans Advance Comprehensive Medical Marijuana Policy Package
- Oklahoma 2022 Winter Wheat Rated 57% Poor to Very Poor
- China Joined an Elite Club in 2021 as a Major US Beef Export Market- Kent Bacus Hopeful to See More in 2022
- Oklahoma NRCS announces ACEP-ALE Deadline for April 8, 2022
- Dr. Derrell Peel Talks about How Increased Uncertainty Clouds Cattle Market Optimism
- 2022 Ag Safety Awareness Program Week: ‘Prepare. Prevent. Protect.’
- Special Senate Election to Finish Jim Inhofe's Term- Who's In- Who's Out Update
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Overnight Wheat Futures Retreat- Crude Oil Higher While Cattle Prices Tumble
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Wheat prices in the overnight trade this morning (as of 6 AM) are mixed- Chicago May soft wheat stands at $13.20- up 26 cents while KC Hard Wheat for May is down 16 cents at $12.35 1/2.
Crude Oil has been bouncing around in the last day or so at historically high numbers- this morning we are at $122.99 a barrel- up $3.59.
Further down in the email- you can check out the Monday trade at the Oklahoma National Stockyards and the Joplin Regional Stockyards- yearlings and calves both took a hit on Monday due to sharply higher grain prices which affects feed costs and higher energy prices which impact transportation of livestock and everything else.
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Oklahoma AgCredit supports rural Oklahoma with reliable and consistent credit, today and tomorrow. We offer loans for land, livestock, equipment, operating costs and country homes (NMLSR #809962) to farmers, ranchers and rural businesses across 60 counties. As a cooperative, we are owned by the members we serve. Through our Patronage Program, we have returned more than $74 million to our members since 1997.
For more information on our services or to find a location near you, visit our website here.
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OYE's Tyler Norvell Looks Forward to Generating Millions of Dollars for Oklahoma FFA and 4-Hers at 2022 OYE
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Tyler Norvell, President of the Oklahoma Youth Expo and the Onward Foundation, is excited for the prospect to see a more "normal" flow of events for the 2022 Oklahoma Youth Expo- billed as the World's Largest Junior Livestock Show. Norvell says the last three years have been hit by disease issues- telling me that in 2019- it was PED that spread through the hog barns towards the end of that year's show- followed by the 2020 OYE where COVID 19 struck and ended the event at the midway point and keeping the market shows from happening- and then 2021 had fears of PEDv in the hog barns causing a decision to flip the swine show- having the market show in its normal time frame but delaying the breeding gilt show to after the Sale of Champions when the hog barns were emptied of the barrows.
"This year it's gonna be fun to have the normal schedule- I'm very much looking to be able to have the gilt sale normal like we had during the barrow show- I mean that's always been one of my favorite events and it always has been- The number of people, the opportunity for those young people to sell their livestock breeding gilts- there's a lot of optimism around it- knock on wood we hope everything stays normal this year.
OYE is a multi million dollar event. That Night of Stars Breeding Gilt Sale, to be held Wednesday, March 16th- generated a million dollars for the 120 gilts that were sold. Then- there is the premium sale of the top market animals in the four species- hogs, sheep, goats and cattle. Norvell says he can't absolutely guarantee it- but he expects a million dollar plus sale for those top placing market animals- and then there will be another $200,000 worth of scholarships handed out to 4-H and FFA members from across the state of Oklahoma.
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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House Republicans Advance Comprehensive Medical Marijuana Policy Package
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House Republicans have advanced a comprehensive medical marijuana policy plan that they believe will help stop illegal grows and foster a safer, fairer free market for the product.
The 12-point plan advanced through multiple bills in House committees last week.
"Illegal marijuana grows end now. The black market isn't a free market," said House Majority Floor Leader Jon Echols, R-Oklahoma City. "This comprehensive plan aggressively attacks the spread of illegal marijuana operations statewide, as the people of Oklahoma have demanded."
The 12-point plan will require:
· Making the Oklahoma Medical Marijuana Authority a standalone agency
· A grant program for county sheriff's departments to fund law enforcement efforts in every county (HB 3530)
· Full implementation of a seed to sale system (either via court order of new legislation)
· Provisional licensing requiring pre-license inspections and increased document submission prior to approval (HB 3734)
· Tiered grow license fees based on grow size (HB 2179)
· Separate licensing for medical marijuana wholesalers (HB 3634)
· All medical marijuana businesses to post standardized permit signage at the place of business (HB 2025)
· Stringent electrical and water data reporting by marijuana growers (HB 4055)
· Annual inspections (HB 2024)
· Product packaging standards and maximum beyond use dates (HB 3019; HB 4288)
· Standardized laboratory testing and equipment (HB 4056)
· Marijuana grows to register as environmentally sensitive crop owners with the Agriculture Department (HB 3827)
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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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Oklahoma Winter Wheat Rated 57% Poor to Very Poor as Drought Continues
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What a difference a year makes- In March 2021- the wheat crop was doing fairly well even in the face of some of the coldest February conditions in years- the 2021 Oklahoma winter wheat crop was called 53% good to excellent (almost all in good) while the poor to very poor ratings were just 10%.
Fast forward to this week- and widespread drought conditions have sucked a lot of the life out of the crop- with NASS reporting on Monday afternoon that the 2022 crop is rated 57% poor to very poor, 28% Fair, and 15% Good to Excellent.
Meanwhile- Pasture and Livestock: Pasture and range condition was rated at 31% Good to Excellent, 32 percent fair, and 37% Poor to Very Poor. The good to excellent ratings are actually better than a year ago when good to excellent was 24%.
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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 vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community, and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations.
And Check out this video below that helps you learn more about the Beef Checkoff- .
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China Joined an Elite Club in 2021 as a Major US Beef Export Market- Kent Bacus Hopeful to See More in 2022
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China officially joined a very select club in 2021- one of three country destinations for US Beef that generated two billion dollars in sales for the calendar year- joining South Korea and Japan.
I talked about this remarkable story of US Beef to China- through the front door- with the Senior Director for International Trade and Market Access for the National Cattlemen's Beef Association Kent Bacus. Bacus says the concessions negotiated by Trump Administration's USTR as a part of the Phase One Trade Deal were game changing and 2021 was the first full year where we really had the opportunity to really see that work bear fruit.
Bacus says "lifting the BSE restrictions, removing the hormone ban, working with us on all our traceability requirements and recognizing USDA's authority to approve different packing facilities for export- that is huge." With other countries- China must inspect the facilities from which they will accept product- only from the US- they accept FSIS certification that allows exports to take place.
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Oklahoma NRCS announces ACEP-ALE Deadline for April 8, 2022
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Through the Agricultural Conservation Easements Program's Agricultural Land Easements (ACEP-ALE) component, NRCS provides financial assistance to eligible partners for purchasing Agricultural Land Easements that protect the agricultural use and conservation values of eligible land. In the case of working farms, the program helps farmers and ranchers keep their land in agriculture.
The program also protects grazing uses and related conservation values by conserving grassland, including rangeland, pastureland and shrubland. Eligible partners include American Indian tribes, state and local governments and non-governmental organizations that have farmland, rangeland, or grassland protection programs.
Under the Agricultural Land Easement component, NRCS may contribute up to 50 percent of the fair market value of the agricultural land easement. Where NRCS determines that grasslands of special environmental significance will be protected, NRCS may contribute up to 75 percent of the fair market value of the agricultural land easement.
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Dr. Derrell Peel Talks about How Increased Uncertainty Clouds Cattle Market Optimism
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Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry on a weekly basis. Today, Dr. Peel talks about how Increased Uncertainty Clouds Cattle Market Optimism
The war in Ukraine has injected much uncertainty into global markets. Markets do not like uncertainty and much of the market reaction thus far is about uncertainty rather than reality. The majority of impacts thus far on cattle markets are indirect rather than direct beef market impacts.
Cattle markets are being impacted by the effect of the conflict on crop markets. Both Ukraine and Russia are major grain producing and exporting countries. With the reality of current disruptions of grain movement from the Black Sea region and the uncertainty of what could happen, crop prices have soared, pushing high feed prices much higher. Just a few more weeks will determine whether crop planting in the Ukraine will be possible. All crop markets are higher, but the uncertainty is focused on the near term, pushing old crop futures higher relative to new crop contracts in the fall.
The most broad-based impacts relate to energy markets. Russia is a major oil producing and exporting country and potential disruptions in global energy markets are contributing to sharply higher energy prices. Russia is also a major producer and exporter of fertilizer. These will add to inflationary pressures for production costs and are a threat to beef demand as higher gas prices directly impact consumers.
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2022 Ag Safety Awareness Program Week: ‘Prepare. Prevent. Protect.’
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Farm Bureaus across the nation are observing the 2022 Agricultural Safety Awareness Program (ASAP) Week, March 7-11. U.S. Agricultural Safety and Health Centers will join Farm Bureau in promoting ag safety this week with the theme “Prepare. Prevent. Protect.”
Farm Bureau and U.S. Ag Centers will focus on sharing information about a different safety area each day of ASAP Week:
Monday, March 7 – Livestock
Tuesday, March 8 – Cost of Safety-Finances
Wednesday, March 9 – Disaster Preparedness
Thursday, March 10 – Youth Safety
Friday, March 11 – Equipment Safety
The U.S. Agricultural Safety and Health Centers have developed a series of "how to" videos which can show you how to build a demonstration to show youth and adults how to be safe on the farm and ranch- an example of one of these videos is below and has to do with handling animals safely.
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Special Senate Election to Finish Jim Inhofe's Term- Who's In- Who's Out Update
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A graphic from social media yesterday gives us the latest decision on who is and who is not running to fill the remaining four years of Senator Jim Inhofe's sixth term in the US Senate.
The graphic is from our Lt. Governor Matt Pinnell. Check out his "Dad First" decision below:
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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 finally had higher prices- Choice Beef was up 38 cents and Select Beef was up $1.81 on Monday 03/07/2022
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 11,000 head on the first Monday
in March- 03/07/2022.
Compared to last week's light test: Feeder steers 4.00 - 6.00 lower. Feeder Heifers 5.00 - 8.00 lower. Steer calves 4.00 - 6.00 lower. Heifer calves 6.00 - 9.00 lower. Cattle futures sold off sharply last week as grain futures(wheat leading the way) made big gains. Today, maybe
some of the bleeding has stopped as cattle futures are trading in the green. With sharply rising fuel prices, cattle delivery cost are on the rise further contributing to the lower market trend. Some moisture did fall over the weekend, but high winds are quickly erasing the moisture that is needed.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 10,000 head for their first trading day in March on Monday 03/07/2022.
Compared to last week feeder steers under 550 lbs. are trading $10.00-13.00 lower with heavier weights trading $3.00-8.00 lower. Feeder
heifers are trading $4.00-10.00 lower.
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/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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