Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- USDA Sees 48% Smaller Okla Wheat Crop with Farmers to Harvest 60 Million Bushel Crop
- Allendale's Rich Nelson Offers Color Commentary on 2022 Wheat Crop
- Drought in Western Oklahoma Remains, but has Improved Slightly Since Last Week
- OSU Scientist Discovers A Wheat Gene That Increases Grain Yield
- OSU's Kim Anderson Says Tight Stocks are Driving Elevated Grain Prices
- War Is Just The Latest Factor Behind Higher World Food Prices
- AFBF Recognizes First Steps to Address High Food Prices
- Emissions Challenge Must Be Met with Political Will, Smart Production Practices
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USDA Sees 48% Smaller Okla Wheat Crop with Farmers to Harvest 60 Million Bushel Crop |
The first field based survey of the 2022 winter wheat crop in the southern plains shows the depth of the drought that wheat producers have been facing since this past fall. Wheat farmers in Kansas, Oklahoma and Texas have been facing the impossible task of trying to raise a crop with virtually no moisture.
The May first Crop Production Report of USDA spotlighted the wheat production estimates for the 2022 crop- and the Oklahoma crop was pegged at 60 million bushels, 48% less than the 115 million bushels harvested in 2021. The 2022 estimate is forty percent smaller than the five year Oklahoma wheat production estimate of 99.52 million bushels. USDA believes only 2.4 million acres will be harvested and they forecast an average yield of 25 bushels per acre compared to 39 bushels per acre in 2021. That 2.4 million acres is 550,000 acres fewer harvested acres versus 2021- a year that had larger amounts of wheat abandoned than normal as well.
The Oklahoma estimate from USDA is two million bushels more than what the Oklahoma wheat crop tour estimate on May third during the annual meeting of the Oklahoma Grain and Feed Association. The 2022 wheat crop is shaping up to be the worst harvest since 2014 when the state had a 47.6 million bushel crop and a yield of just 17 bushels per acre.
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Allendale's Rich Nelson Offers Color Commentary on 2022 Wheat Crop |
Farm Director KC Sheperd spoke with Rich Nelson, Chief Strategist at Allendale Inc. and he gave his input on the wheat side of the latest WASDE report.
“I do think that we have to suggest that today’s report was certainly a wheat-based report as far as focus and USDA’s numbers, this certainly was the interesting point here,” Nelson said. “Production for the total U.S. was 1.729 billion bushels. This was a bit under the trade estimate, specifically with the focus on this winter wheat crop which reflected both low yield numbers as well as very low percent harvest.”
As far as winter wheat goes, Nelson said the stock of 1.174 billion bushels was almost 100 million off the trade estimate.
“This discussion on percent harvest is getting a lot of trade interest because they suggested this would be only 71.6% harvested,” Nelson said. “I am going back to my history, in fact I got to go back to the year 2002 to find a smaller percent harvested.”
We can argue at least for the winter wheat side, Nelson said, that the numbers are reflecting the drought.
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Drought in Western Oklahoma Remains, but has Improved Slightly Since Last Week |
In Oklahoma, 2,460,307 people are affected by drought.
Exceptional drought is at 10.4% (down from last week at 11% and up from last month’s 9% ) with Cimarron, Texas, Beaver, Woods, Major, Woodward, Dewey, Ellis, Beckham, Washita, Kiowa, Harmon, Jackson, Tillman, and Greer counties all experiencing minor to major levels of exceptional drought.
39.4% of the state is in extreme drought this week, the same as last week (Extreme drought last month was 31.1%).
55.3% of the state is in severe drought this week, also the same as last week’s 55.3% (last month was at 60.5%).
65.3% of the state is in moderate drought (or worse) this week, down just a hair from last week’s 65.4% (last month was 76.5%).
77.2% of the state is abnormally dry this week compared to last week’s 77.3% and last month’s 86.2%.
We currently have 66 counties with USDA disaster designations, and this is the 56th driest year to date over the past 128 years.
To view the Oklahoma Drought Monitor, Click the photo at the top of the story.
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OSU Scientist Discovers A Wheat Gene That Increases Grain Yield |
Building the genetic makeup for the ideal wheat crop is no easy task.
What makes this gene so special?
It enhances wheat yield by more than 10% – a significant increase in the world of wheat production.
Due to a rapidly growing human population and climate change, there is a need for crop varieties that produce high yields with limited amounts of artificial fertilizers and pesticides and that are more resilient to unpredictable weather.
Getting the most out of yield with cereals is a tall order with scientists having to create a delicate balance among genetic traits within wheat, such as seed size, seed number and head number. Scientists are creating this delicate balance within a highly complex genetic system in which 80% of genetic sequences are highly repetitive, and few genes have been connected to a specific plant characteristic, so figuring out what gene accomplishes what trait is no small feat. This makes assembling the genetic jigsaw puzzle that makes the most optimal wheat cultivar a complicated task, to say the least.
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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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OSU's Kim Anderson Says Tight Stocks are Driving Elevated Grain Prices |
This week on SUNUP is Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week’s edition, Anderson speaks on the grain markets and factors contributing to elevated prices.
“Prices are high because stocks are relatively tight,” Anderson said. “Let’s start with wheat. If you look at the five-year average, the world stocks-to-use ratio it is about 38%, and it is projected to be 35%.”
Not only is this a 3% drop for wheat, Anderson said, but when 28 billion bushels of wheat are produced per year, worldwide, 3% is a large quantity of wheat.
“If you look at the United States, our five-year stocks-to-use ratio is 50% and it is projected to be around 36%,” Anderson said. “You look at the major exporters- that’s the U.S., Canada, Australia, Argentina, Russia, and Ukraine.”
The Five-year average for the major exporters is 20%, Anderson said, and 18% is what is projected.
“If you look at the black sea area, their average is 11% and is projected to be 16%,” Anderson said, “So there is a lot of wheat tied up in Russia and Ukraine that hasn’t got out of the export market and will, sometime in the future, come out.”
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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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War Is Just The Latest Factor Behind Higher World Food Prices |
According to the U.S. Wheat Associate Wheat Letter Blog, low-income consumers in import-dependent countries will face the greatest hardships as the unprovoked Russian invasion of Ukraine and other factors push world food prices higher. That is one conclusion from a USDA Foreign Agricultural Service (FAS) analysis released in April. U.S. Wheat Associates (USW) is a cooperating partner with FAS export market development programs.
Bullish Since Late 2020
The FAS analysis looked at factors that affected world food prices in late 2020. They include increased demand led by China, drought-reduced supplies, tighter wheat, corn and soybean stocks in major exporting countries, and high energy prices that have raised farm production costs. The report said Russia’s attack on Ukraine has disrupted Black Sea agricultural exports, pushing prices even higher, and exacerbating high energy and fertilizer costs.
Protecting Domestic Supplies
In addition, the report stated that world food prices were up in part because 11 countries had implemented export bans for products ranging from wheat, wheat flour, barley, rye, corn, and oilseeds, to lentils, fava beans, and pasta. That list includes Russia, which had already imposed an export tax in 2021. And in early May, the potential impact of a severe heatwave in India brought rumors its government was contemplating some export restrictions.
Lower Exportable Supplies
And yet, major exporters’ stocks in 2021/22 are forecast to be at their lowest levels in 10 years, putting upward pressure on global prices.
USW agrees that higher world food prices affect the poorest countries and households the most.
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AFBF Recognizes First Steps to Address High Food Prices |
American Farm Bureau Federation President Zippy Duvall commented today on President Joe Biden’s plan to address production costs and the affordability of food.
“AFBF appreciates that President Biden took time to visit a farm and recognize the hard-working families who grow crops and tend to the animals each and every day. We agree with the President’s description of the American farm as the ‘breadbasket of Democracy.’
"America’s farmers take seriously their responsibility to stock America’s pantries and help feed the rest of the hungry world. This effort to create greater opportunities and reduce barriers is welcomed, recognizing that this alone will not solve the multiple challenges we face.
“Removing the disincentives for double cropping has the potential to increase near-term production in areas suitable for the practice and for farmers who have the financial capacity to do so. Similarly, the proposal to increase domestic fertilizer production is an acknowledgment by the administration of the extraordinarily high cost of supplies for farmers and ranchers, but it could take years to realize the benefits.
“There is no magic bullet to reduce food costs. It will require addressing all the factors contributing to higher costs, including record-high fuel and fertilizer prices that are bearing down on farmers. We will continue working with the administration, Congress and the private sector to get the supply chain moving again and find solutions that will enable farmers to keep store shelves filled with groceries that America’s families can afford.”
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Emissions Challenge Must Be Met with Political Will, Smart Production Practices |
Here is an opinion piece from Solutions from the Land on an EPA report analyzing inventory of U.S. Greenhouse Gas Emissions and Sinks:
A comprehensive analysis released by EPA last month shows domestic greenhouse gas (GHG) emissions and sinks across all sectors from 1990 through 2020. While there is fluctuation in the totals recorded in each of the 30 years analyzed, they generally trend up.
Over the period, agriculture’s overall emissions were lowest in 1991, when 543 million metric tons (MMT) of carbon equivalent (CO2) emissions (which proportionately calculate methane, nitrous oxide and other GHG emissions on a par with carbon) were recorded. While there was some fluctuation over the years, GHG emissions from the ag sector generally trended up, hitting a high of 623 MMT C02e in 2019. Despite a Covid-related economic slowdown in 2020, agriculture’s emissions still reached their eighth highest level that year, 594.7 MMT CO2(e).
In 2020, ag recorded 9.9 percent of total U.S. greenhouse gas emissions. Between 1990 and 2020, CO2 and methane emissions from agricultural activities increased by 8.1 percent and 16.9 percent, respectively, while N2O emissions from ag activities increased by 1.8 percent.
Research shows that while both volatile rains and drought are part of natural climate variability, climate change is exacerbating these treacherous conditions, increasing their frequency and intensity. For example, scientists say that droughts that used to occur in dry regions once every 10 years could increase in numbers drastically – four times per decade – if efforts are not made to limit climate-changing conditions now.
The stress that a changing climate is putting on the agricultural and forestry landscapes across this country are growing rapidly. SfL stands ready to assist producers and policy makers in developing the practices, policies and partnerships that give our landscapes the best opportunity possible to meet production goals, while delivering pragmatic solutions to global and national sustainable development goals.
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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 higher- Choice Beef was up $2.12 and Select Beef was up $2.18 on Thursday 05/12/2022.
Click on the Button below for the latest report from USDA Market News
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Weekly Cattle Auction Reports
The buttons below allow you to check out the weekly Cattle Auctions in the region that we post on our website and here in our daily email update.
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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
Reagan Calk, Farm News and Email Editor
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.
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Our Latest RRP features Don Schieber, the 2022 winner of the Outstanding Achievement in Agriculture Award, which is the highest award given by the Governor of Oklahoma to honor distinguished Oklahoma agriculture producers. This prestigious award honors leaders in the agriculture industry who exemplify personal values, performance, and achievement.
Governor Kevin Stitt presented Schieber his award during the Oklahoma celebration of Ag Day on March 24th- after riding with the honoree in a mule drawn wagon up Lincoln Blvd to the front steps of the Oklahoma State Capitol.
Schieber is the 25th award winner and becomes the newest inductee into the Oklahoma Ag Hall of Fame. Ron and Don talk about his career in production agriculture- his work on behalf of wheat farmers with the Oklahoma Wheat Commission and US Wheat Associates that included traveling to 26 countries taking the Oklahoma wheat production story to buyers of wheat around the world. Don is a major supporter of the wheat breeding work of Dr. Brett Carver- having provided ground on his farm in Kay County for an OSU wheat Variety Field Plot for 17 years.
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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