|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
Let's Check the Markets!
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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, January 19, 2018
This past year, farmers in Oklahoma planted nearly double the amount of acres of cotton at 585,000 total, 555,000 of which was harvested(compared to 2016). According to Randy Boman, extension cotton program leader with OSU, says that still months after harvest, cotton gins in the state are still working at full speed to process the massive 1.1 million bale crop.
Boman spoke with our Associate Farm Director Carson Horn
during the Red River Crops Conference in Altus earlier this week about this last year's crop and shared his concerns about Oklahoma's ginning infrastructure and its capacity limitations.
"We have around 14 or 15 operational gins here in the state. Those are going to be maxed out," Boman said. "Some of these gins are going to be pushed into May. We could actually be planting cotton by then, while gins are still running."
Based on what he has heard from the countryside, Boman is anticipating that the next cotton crop could exceed last year's planted acres, up to potentially 750,000. However, he worries that if the crop gets much larger, gins won't be able to keep up.
"I wouldn't encourage very many more producers to get into this crop in the state of Oklahoma right now," he said. "If we plant more acres than what we planted in '17 - I mean I'm not sure if we could ever get it ginned."
to read more and listen to Carson's complete interview with Boman.
As a premier John Deere dealer, P&K Equipment is your local expert source for John Deere equipment, parts, and service. The P&K network is 20-stores strong (10 in Oklahoma, 1 in Arkansas, 9 in Iowa) and has been in operation for more than 30 years. When you put the P&K team to work for you, you'll have a powerhouse of resources and inventory on your side. And if you check us out on the web at pkequipment.com, you'll have it all at your fingertips. New & used equipment (you can even request a quote or get a value for your trade!), current P&K promotions, service scheduling, online parts shopping, finance tools & so much more! Stop by and meet the team at P&K Equipment today- in stores or online. Because around here, John Deere starts with P&K.
Drought continues to persist in the state this week, particularly in western parts of Oklahoma.Gary McManus
, Oklahoma's state climatologist, says some areas are now up to 112 days without having received at least a quarter-inch of rain in a single day. Most of the western half of the state, he says though, falls between 88 and 105 days.
Current forecasts are not promising. Eastern Oklahoma appears the most likely part of the state to see any significant moisture, but chances remain slim. The Climate Prediction Center predicts this trend may continue through April, with expectations of increased odds for above normal temperatures and below normal precipitation in western Oklahoma. McManus advises Oklahomans to prepare for drought conditions to intensify over the next few weeks and months.
to view a larger image of the Drought Monitor and read McManus' full Mesonet Ticker report.
|Denver Dominated by Okies- the Latest from the National Western
First- a correction from yesterday- we grabbed old results from the National Western website- they had 2018 links right beside the Collegiate Livestock Judging tab and we bit.
Blake Bloomberg and his squad kept their recent winning ways intact- as they won the Senior Collegiate Livestock Judging Contest at the 2018 National Western Livestock Show in Denver- besting Texas A&M and K-State.
High individual for the contest was OSU's PD Miller- the other members of the winning squad included Hailey Stark, Lori Edwards, Blake Goss and Jesse Hensen.
The Market show at the National Western wrapped up last night- and a Lucky Strike bred steer claimed Grand Champion Steer honors for the second year in a row- in fact, it was the same owner for the second year- Lillie Skiles of Hereford, Texas. Lucky Strike is owned by Jerrod and Blayne Arthur and are based in Stillwater.
The Reserve Grand Champion Steer for the NWSS is owned and was shown by Tommy Glover of Elgin.
Last year- Skiles saw her Grand Steer bring $135,000 while the Reserve Grand brought $107,500.
Both of these steers will be living the high life today as they will be shown off at the traditional reception this afternoon at the Brown Palace Hotel in downtown Denver- before they are sold in the Premium Auction this evening- the sale of these animals and the other Grand Champions to be seen on Denver's Channel 9- you can watch live this evening by clicking here- the live auction will be at 7:30 PM central time.
AND- Oklahoma will have the Grand Champion Market Lamb spotlighted on that broadcast tonight- Makensie Goggin of McLoud showed the top Blackface Lamb that was then selected as the Grand Champion of the show- the 2017 champion lamb brought $43,000 so Makensie may have a great payday as well this evening.
A new coalition of agriculture groups is focusing on the importance of the North American Free Trade Agreement.
More than 30 organizations across the agriculture sector announced the formation of Americans for Farmers and Families, noting that food and agriculture supports 43 million U.S. jobs and depends on trade with Canada and Mexico.
The group was formed to "ensure" President Trump
and Congressional leaders understand the "importance of preserving and modernizing" NAFTA to America's agricultural economy.
As part of the effort, the coalition will be launching an educational campaign to highlight the positive impact of NAFTA and lay the groundwork for an updated trade agreement that "preserves America's strong economic standing for decades to come."
Coalition members include the American Farm Bureau Federation, the National Association of State Departments of Agriculture and many various commodity groups.
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
Now is the time to put on your 2018 calendar the date for the 2018 Oklahoma City Farm Show, coming April 19, 20 and 21, 2018. Contact Ron Bormaster at (507) 437-7969 for more details about how your business or organization can be a part of the 2018 Oklahoma City Farm Show!
Click here for more details about the 2018 Oklahoma City Farm Show- presented by Midwest Farm Shows.
|USDA Seedings Report Suggests Farmers Can Expect Another Year of Increased Wheat Production
According to OSU's Extension Grain Market Economist Dr. Kim Anderson, the Seedings report issued by the USDA last week caused a drop in wheat prices.
Anderson says the price of wheat fell $.014 last Friday followed by another $0.04 on Monday. Since then he says it has gained back about $0.08 over the week.
Anderson says,wheat seedings where expected to drop by about 10% in the report. However, USDA actually noted a 1% increase. In translation, 9% more wheat acres were planted that what was anticipated which means the industry can once again expect increased production.
Not all is bad though, says Anderson. With increased production - if consisting of quality grain with high protein content and test weight - it can be blended with the subpar grain sitting in bins. By doing so, Anderson says producers may be able to market their grain better and get it moving. But, he stresses that this year's production must be of high quality.
You can watch Anderson talk more about the USDA seedings report and its impact on grain markets tomorrow or Sunday on SUNUP - or you can hear Kim's comments right now by clicking or tapping here
Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
|Don't Be Fooled by China's Slow Start - Derrell Peel Says Its Beef Market Holds Tremendous Potential
Until President Donald Trump
, none of the previous administrations were able to reopen China's marketplace to US beef since the infamous BSE scare, or "Cow That Stole Christmas" in Washington state. Trump managed to get the job done, though, in mid-2017. Still, even though the US has access, China has yet to buy much beef at all. While that may seem anticlimactic for a highly anticipated end to a trade ban that lasted more than a decade, OSU Extension Livestock Market Economist Dr. Derrell Peel
says given time, China's market could become one of our nation's most important trading partners.
"It's a tremendous opportunity obviously with the size that China is in terms of the population base," he told me in a recent interview. "They're big buyers of beef globally, just not buying much from the US at this point. My guess is it will still be a lengthy process. But we're looking for slow and steady growth as we go forward."
Peel reports that China appeared in 2017 as one of the US top 20 export destinations for beef. But take that with a grain of salt he says. Once you get passed the first five destinations on that list, the amount of exports being sold drop dramatically to very small amounts. This past year, Peel notes that China's US beef imports had an 11-month total of less than one percent of total US exports. And, he predicts that will probably not change much in 2018. But over the long-term, perhaps in three to five years, he says the market potential is great.
"We're in the process of trying to earn market share. We do see growth watching these month to month trade figures," Peel said. "I don't think China will be a major factor in US markets in 2018, in terms of that total impact. But we will certainly be watching for continued growth in that market in the coming months."
Listen to Peel and I discuss China's short and long-term beef market potential, on yesterday's Beef Buzz - click or tap here
In court documents filed last week, ranch groups R-CALF USA and the Cattle Producers of Washington continued their claims that the USDA has unlawfully helped multinational meatpackers mislabel hundreds of millions of pounds of imported beef as "Products of the USA." R-CALF CEO Bill Bullard cites the Tariff Act of 1930 as the basis of the group's arguments. In short, it stipulates that imported beef to bear a label denoting the foreign country-of-origin of the beef all the way to the consumer, unless the beef undergoes a substantial transformation in the United States.
Secretary of Agriculture Sonny Perdue disagrees with R-CALF's claims, arguing that imported beef is to be deemed and treated as domestic beef so long as the importing country's food safety standards are equivalent to U.S. standards. Consequently, the Secretary allows multinational meatpackers to label imported beef as "Products of the USA" even if the imported beef receives only minor processing, such as unwrapping and rewrapping the package.
Friday's filing also claims the Secretary has failed to enforce the Tariff Act and has allowed mislabeled foreign beef to flood the U.S. market effectively decreasing the market leverage and income of U.S. cattle producers.
You can find the full story up on our website for more details on this matter. Click or tap here to jump to this webstory.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers Oklahoma Beef Council, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma AgCredit, 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.
God Bless! You can reach us at the following: