Oklahoma's Latest Farm
And Ranch News
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Tuesday, November 1, 2022 |
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Here is your daily Oklahoma farm and ranch news update.
- First Oklahoma Winter Wheat Condition Rating for 2023 Crop Rate 11 Percent Good to Excellent
- MEANWHILE- Your Final 2022 Pasture and Range Ratings Show Recent Rains Did Not Move the Needle
- Beef Remains Valued Product for Consumers as it Allows Them to Stretch their Dollar
- OSU's Derrell Peel gives an Oklahoma Cattle Market Update
- Early Voting for General Election Begins Wednesday
- New Southern Plains Perspective Blog Post: Oklahoma Gets Rain!
- Farm Groups Rally Against SEC Proposal to Report Climate Data
- OSU Agriculture Celebrates Distinguished Group During 2022 Honors Ceremony
- Low Water Levels in the Mississippi River Result in Abnormally Weak Soybean Basis
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First Oklahoma Winter Wheat Condition Rating for 2023 Crop Rate 11 Percent Good to Excellent |
Dry conditions this fall in the winter-wheat-producing Southern Plains are already taking a toll on the newly planted 2023 crop, USDA NASS reported in its weekly Crop Progress report. However, some parts of the region could receive some beneficial rains later this week.
Winter wheat planted reached 84 percent, up 1 point from the previous year but down 1 point from normal. Winter wheat emerged reached 62 percent, down 4 points from the previous year and down 9 points from normal. Winter wheat conditions rated 11 percent good to excellent, 53 percent fair and 36 percent poor to very poor. That 11% compares to 59% good to excellent in the end of October report a year ago. (This is the first-week winter wheat conditions are accounted for in USDA’s weekly report.)
Cotton harvested reached 29 percent, down 1 point from the previous year but unchanged from normal.
Corn harvested reached 92 percent, up 1 point from the previous year and up 5 points from normal.
To view the Oklahoma Crop Progress Report, click here.
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MEANWHILE- Your Final 2022 Pasture and Range Ratings Show Recent Rains Did Not Move the Needle |
The last report in October each fall gives us a look at the USDA Crop Progress Pasture-Range ratings as we head into the winter season- and 2022 shows us a picture of dire conditions in Oklahoma pasture range ratings that we have not seen since the drought of 2011 and 2012.
The low water mark in that time frame came at the end of October 2011 when the last report of the season showed Oklahoma pasture/range ratings were 2% good and 86% poor to very poor. 2012 showed a 6% good and 70% poor to very poor.
Here in 2022- we were at 2% good a week ago- but the rains of this past week did give us a nudge higher to 4% good this week- even as the poor to very poor ratings slipped another 3 points and stand now at 80% poor to very poor. (this hay field pic of last week shows a few traces of green grass but little time to grow and recover before cold weather- it was seen south of Chickasha along the turnpike)
Nationally- the Oklahoma rating of 80% poor to very poor is the second worse in the US- Nebraska has an 82% poor to very poor rating- while Kansas and Arkansas are right there with ratings of 79% poor to very poor.
A wet late fall and winter will help our pastures and rangelands recover- but there's no assurances of that out on the horizon- like 2011 and 2012- we may be in this mess for awhile.
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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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Beef Remains Valued Product for Consumers as it Allows Them to Stretch their Dollar |
In this episode of Beef Buzz, I am visiting with the Executive Director of Market Research and Intelligence for the National Cattlemen’s Beef Association, Mike Simone, about the mind of the consumer. Simone works on behalf of the Beef Checkoff and has an extensive understanding of what the consumer is thinking when it comes to beef.
“We have an ongoing survey called the consumer beef tracker,” Simone said. “It is online 365 days a year, and we are reaching about 6,000 consumers annually and about 500 per month. We also do a lot of other ad-hoc surveys throughout the year as well.”
Faced with inflation and COVID-19 factored in, Simone talked about how today’s consumer is different from a few years ago
“COVID, obviously shaped a lot of different shopping habits and consumption habits, and a lot of those are continuing now because it is financial constraints,” Simone said. “We are seeing more shopping online, which started during Covid, and that has continued to this day as projected to be about 10 percent this year, and 20 percent within five years of the total grocery shopping market.”
Currently, Simone said two of the biggest factors in consumer purchasing are value and versatility.
“That is one of the strengths that beef provides, is that you can do so much with it,” Simone said. “So many different kinds of meals. You can freeze it. We see a lot of that going on as well- people stocking up and freezing beef.”
An advantage of using beef, Simone said, is that it is a versatile product that can be used from taco night to steak night. Beef, Simone said, allows the consumer to stretch their dollar during difficult financial times.
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OSU's Derrell Peel gives an Oklahoma Cattle Market Update |
Mondays, Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. Today, Dr. Peel gives an Oklahoma cattle market update.
In the 14 weeks from mid-July to mid-October, the volume of feeder cattle in the combined weekly cattle auction summary was up 19.7 percent year over year, an increase of over 66,000 head. As expected, larger summer volumes resulted in smaller volumes for the fall. The feeder volume the past two weeks has been down by 6.1 percent compared to the same period last year. Feeder volumes are expected to be smaller through November.
Feeder cattle prices at Oklahoma auctions increased counter-seasonally through the summer to August peaks nearly equal to the spring seasonal peaks before dropping through September into early October. A sharp decrease in Feeder futures contract prices over this period was the major factor in the cash market decrease. Since mid-October, Feeder futures prices and cash auction have moved higher.
For the week ending October 28, the combined auction price of 480-pound, M/L, No. 1 steers was $190.08/cwt. ($912.38/head) and the price of 781-pound steers was $176.20/cwt. ($1376.12/head). This is an increase in value of $463.74/head and a $1.56/pound value of gain for 301 pounds of gain. Of course, it takes time to add weight to feeder cattle and the value of gain is even higher given Feeder futures prices for next spring. Feeder futures prices reflect a higher trending feeder market in the coming months. Current March Feeder futures imply a price of $183/cwt. for the 780-pound steer and a value of gain $1.71/pound in March for the 480-pound steer purchased now.
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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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KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.
And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
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Early Voting for General Election Begins Wednesday |
An extra day of early voting has been added for the November 8 General Election this year thanks to new legislation enacted in 2021, the Secretary of the State Election Board reminded voters today. “For the first time ever, early voting will begin on the Wednesday prior to the General Election, adding an extra day for voters to cast their ballots,” said Secretary Paul Ziriax.
Voters can now cast their in-person absentee ballot at their early voting location on Wednesday, November 2 through Friday, November 4 from 8 a.m. to 6 p.m. or on Saturday from 8 a.m. to 2 p.m. No excuse is needed to cast an in-person absentee ballot, but voters should be prepared to show proof of identity when they check in with election workers.
Voters wishing to vote early must vote at an early voting location in the county where they are registered to vote. Early voting locations/dates/times are available on the State Election Board website.
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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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New Southern Plains Perspective Blog Post: Oklahoma Gets Rain! |
There's a new blog post out on the Southern Plains Perspective by Clay Pope. Read Below!
We got rain!!! I had over an inch and half in my gauge last week! Some folks in Southern Oklahoma got more than that! Great news, at least in Oklahoma, right?
Wrong.
Leave it to our good friends at the Oklahoma MESONET to come up with stats showing us how, even with last week’s rain, how dry it is in all of Oklahoma…..
And, as they so “helpfully” point out, the drought actually started much earlier than June 29 of this year…..so they showed us the stats for the last 365 days…….
And while I am still happy for the rain (even though the MESONET folks remind me how behind we are here in Oklahoma on moisture) I take a look at the drought monitor and see just how bad it still is, especially in Northern Oklahoma and Southern Kansas-remember, the darker the color, the worse the drought conditions…….
That is not a good look……
Still, conditions in Texas are better than they were earlier this summer and the folks in parts of Southwest Oklahoma have seen an improvement. Even with that little bit of positive news we have to remember that with the onset of a "triple dip" La Nina this drought could very well just be getting started.
Successful Farming Magazine put out a drought story just last week titled “U.S. IS DRIEST IN A DECADE, AS DROUGHT MOVES EASTWARD.” This article discussed how we are in for a “triple dip” La Nina for the first time since 2012. We all remember 2012, right?
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Farm Groups Rally Against SEC Proposal to Report Climate Data |
Big agricultural groups say a proposal from the Securities and Exchange Commission requiring companies to report their carbon footprint could drive small farmers out of business.
Skeptics say it is more likely to be a boon for the consulting business.
The proposal, unveiled by the SEC in March and not yet finalized, would require publicly traded companies to disclose their greenhouse-gas emissions, as well as the risks their business faces from climate change. Most controversially, some large companies would also have to provide an estimate of the emissions from their suppliers and consumers.
Agriculture companies and farm groups have said the burden of generating those estimates would get passed on to small private farmers and drive up food costs. Supporters say those claims are misleading, and that large public companies will likely rely on consultants to crunch the numbers.
If Republicans take back control of the House in November, lawmakers said they would give priority to trying to block parts of the SEC proposal.
“My effort is to protect those folks at the beginning of the supply chain who potentially will have all this pushed down on them to meet someone else’s corporate compliance requirements,” said Rep. Frank Lucas (R., Okla.).
Mr. Lucas is leading legislation backed by more than 100 House Republicans that would prohibit the SEC from requiring publicly traded companies to disclose greenhouse-gas emissions from scope 3 emissions coming from farms and ranches.
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OSU Agriculture Celebrates Distinguished Group During 2022 Honors Ceremony |
Oklahoma State University recently honored a distinguished group of individuals who have brought distinction to the Ferguson College of Agriculture and have demonstrated a continuing commitment to agricultural sciences and natural resources.
During the OSU Agriculture Honors ceremony on Oct. 28, the Division of Agricultural Sciences and Natural Resources, comprised of the Ferguson College of Agriculture and two state agencies – OSU Extension and OSU Ag Research – recognized honorees of the 2022 Distinguished Alumni and Champion for OSU Agriculture awards.
“The awards celebrated during OSU Ag Honors are the most prestigious honors the division can bestow on an individual,” said Thomas G. Coon, vice president and dean of OSU Agriculture. “Each and every one of our honorees demonstrate how much we depend upon collaborations and the work of others to fulfill our land-grant mission. They make us more successful in inspiring students, making new discoveries and serving our fellow Oklahomans.”
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Low Water Levels in the Mississippi River Result in Abnormally Weak Soybean Basis |
Low water levels in the Mississippi River have caused grain barge rates to increase, which causes grain buyers at local grain elevators to reduce their bids for grain delivered. When water levels drop in the marine highway system, barge drafts are reduced (U.S. Army Corps of Engineers, 2022). A barge draft is the distance between the waterline and boat, or the barge hull structure, and increases with the amount of weight present on the barge. The average barge with a draft of 9 feet can hold 1,500 tons of grain which equates to about 59,000 bushels of corn, 55,000 bushels of soybeans, and 53,500 bushels of rice (USDA-AMS, 2022). Each reduced foot of draft results in 150-200 fewer tons, or anywhere between 5,500 to 7,500 bushels depending on the crop, of grain capacity on a barge (Iowa Soybean Association, 2022). If barge drafts decrease for vessels carrying grain, this means the cost to transport grain downriver, or the grain barge rate, increases since it takes more barges to move the same amount of grain.
Barge freight rates are established by the U.S. Inland Waterway System using a percent of tariff system. Barge freight rates for the Mississippi River at New Madrid, Missouri near Memphis, Tennessee have skyrocketed since the beginning of September (USDA-AMS, 2022). The 3-year average percent of tariff rate indicates weekly barge freight rate tends to oscillate around 400 percent of tariff, or about $12.56/ton. In October 2022, the barge freight rate averaged 2400 percent of tariff, or $75.36/ton, which means the cost to transport grain from Memphis to the port of New Orleans was roughly six times higher than average. The increase in transportation cost is usually reflected in lower cash grain bids at country grain elevators which results in a weakened basis, which is the local cash price received by farmers at the country elevator less the futures price established by the Chicago Board of Trade.
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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 39 cents and Select Beef was down 3 cents on Monday 10/31/2022.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 6,500 head on Monday, October 31, 2022.
Compared to last week: Feeder steers 1.00-2.00 higher, weights over 800 lbs. not well tested. Feeder heifers mostly steady. Demand moderate to good for feeder cattle. Steer calves 5.00-10.00 higher. Heifer calves steady to 4.00 higher, most advance over 500 lbs. Demand good for calves. Nice rains fell across the state last week and more is expected later in the week. Some winter wheat has emerged and some warm sun will be good for growth this week.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 5,692 head for their final trading day in October, 2022.
Compared to last week feeder steers under 575 lbs. traded 5.00-7.00 higher with heavier weights trading from 3.00 lower to 4.00 higher. Feeder heifers traded 2.00-6.00 higher. Supply was 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/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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Your copy should address 3 key questions: Who am I writing for? (Audience) Why should they care? (Benefit) What do I want them to do here? (Call-to-Action)
Create a great offer by adding words like "free" "personalized" "complimentary" or "customized." A sense of urgency often helps readers take an action, so think about inserting phrases like "for a limited time only" or "only 7 remaining!"
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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.
Oklahoma Farm Bureau and Oklahoma Cattlemen's Association hosted a Governor's Forum on October 26, 2022- inviting both the Republican and Democratic Candidates for Governor- Only Governor Kevin Stitt chose to attend- and he answered the questions posed by Moderator Ron Hays- questions that offered insights into key issues of interest to Rural Oklahomans.
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, Oklahoma Pork Council, 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
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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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