Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- CoBank Quarterly: Inflation is Beginning to Loosen its Grip
- OSU's Josh Lofton Believes Sorghum a Great Fit for Many Oklahoma Producers
- January Cattle on Feed 3% Under Year Ago- Derrell Peel Says Tighter Supplies Will Be Around for Awhile
- Oklahoma Cattlemen’s Association Policy Meeting Speakers Announced
- House Completes Bill Filing for 2023 Session
- Senate Completes Bill Filing for 2023 Session
- USDA Announces Signup for 2023 Assistance for On-Farm Food Safety Expenses for Specialty Crop Growers
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CoBank Quarterly: Inflation is Beginning to Loosen its Grip |
The U.S. economy will progressively slow through the first half of 2023 and fears of a recession are still high, and still warranted. Inflation and interest rate increases intended to combat swiftly rising prices are behind the broad economic slowdown. But with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy.
U.S. consumers are still spending but doing so by increasing dependence on credit. They are also finally pushing back on price increases on goods, a response to continuous declines in real wages and dwindling reserves of pandemic savings. Like consumers, businesses economy-wide are also spending more cautiously, according to a new quarterly report from CoBank’s Knowledge Exchange.
“The economic cracks that emerged in late 2022 in housing and tech are beginning to spread to manufacturing, finance and retail,” said Dan Kowalski, vice president of CoBank’s Knowledge Exchange division. “These sectors are showing signs of weakness but not to the degree of pointing to an imminent recession. Manufacturing and retail are both undergoing a normalization phase as pandemic consumption of goods has shifted to post-pandemic consumption of services.”
The Federal Reserve raised its benchmark overnight rate by more than 400 basis points in 2022 and it is not finished hiking. The Fed has made it clear it is focused less on headline inflation and more squarely on the labor market and core services inflation excluding housing. With job growth far outpacing the availability of workers, the scarcity of labor is cause for concern, especially for the services sector.
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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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OSU's Josh Lofton Believes Sorghum a Great Fit for Many Oklahoma Producers |
At the Oklahoma Sorghum Producers meeting in Enid, Associated Farm Editor, Reagan Calk, had the chance to visit with OSU Extension Specialist for Cropping Systems, Josh Lofton, about his work growing sorghum varieties in Oklahoma.
During his presentation, Lofton talked about his work with sorghum variety trials and about what sets Oklahoma sorghum apart from other states.
“One thing that we try to do in Oklahoma is we are accessibly open,” Lofton said. “Companies can come any day of the week, any time of day, we make sure that if we work with a grower that, they know that companies might be stopping by. So, we are very open, and we encourage everybody to stop by.”
Lofton said that during variety trials, he aims to provide the best-unbiased information for each seed variety.
“We typically look at varieties during the course of the year as just a number and not individual companies or varieties,” Lofton said. “They all get intermixed, and they all have the potential to do the absolute best.”
Oklahoma has preferable conditions to grow sorghum, Lofton said, regardless of what system it is to be grown in.
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January Cattle on Feed 3% Under Year Ago- Derrell Peel Says Tighter Supplies Will Be Around for Awhile |
For the fourth month in a row- feedlot inventories fell in the January first USDA Cattle on Feed Report. On Friday afternoon- I talked with OSU Extension Livestock Market Economist Dr. Derrell Peel about the numbers, all of which were under year ago levels.
USDA’s on feed number as of January first was 97% of a year ago, the Decmber placements were 92% of a year ago and marketings were 94% of one year ago. Peel says that all of these numbers were very close to average pre report expectations.
Peel says “Last month I might have mentioned the December one inventory had an unusual month to month decrease that suggests that maybe November was an early seasonal peak in the feedlot inventories- normally we are peaking anywhere from January to March or April and it was at a lot lower level than a year ago. This January number is slightly above than the December level but not very much so it does suggest that we are putting in an earlier seasonal peak in these numbers- and that they are going to go on down from here- we simply don’t have the cattle to support larger feedlot inventories in the forseeable future.”
Click on the button below to hear my conversation with Dr. Peel shortly after USDA released this first Cattle on Feed report for 2023.
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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 Cattlemen’s Association Policy Meeting Speakers Announced |
Governor Kevin Stitt will kick off the Oklahoma Cattlemen’s Association’s Annual Policy Meeting on Thursday, January 26. Oklahoma Medical Marijuana Authority Executive Director Adria Berry is the luncheon speaker.
“OCA members will have the opportunity to hear Governor Stitt and Director Berry as keynote speakers this year at the OCA Winter Policy Meeting,” said Byron Yeoman, Oklahoma Cattlemen’s Association president. “Governor Stitt, who was just re-elected, will share his outlook for Oklahoma while Director Berry will update us on the progress of the Oklahoma Marijuana Medical Authority. We are honored to have these two great leaders coming to our meeting.”
The meeting will take place at the Embassy Suites Oklahoma City Northwest located in Oklahoma City, Okla. and will begin at 9 a.m. with the Governor’s address. The day will consist of committee meetings, lunch and the OCA quarterly board of directors meeting.
The winter policy meeting provides OCA members an opportunity to consider and create policies that drives the organization. OCA membership is required to attend.
Michael Kelsey, OCA Executive Vice President stated, “The OCA Winter Policy meeting is of utmost importance as it is a key opportunity for OCA members to review, debate and set the policy direction of their association. We encourage OCA members to plan makes to attend this day long intense meeting of policy discussion.”
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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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House Completes Bill Filing for 2023 Session |
The Oklahoma House of Representatives completed bill filing Thurs., Jan. 19, for the first session of the 59th Legislature. A total of 1,901 House Bills and 44 House Joint Resolutions were filed. One House Resolution was filed outlining House Rules and was adopted on Organizational Day earlier this month.
The full text of the bills, along with additional information including authors and co-authors, can be found online at the Oklahoma House webpage.
Last year, the Clerk of the House reported 1,482 House Bills, 18 House Joint Resolutions and 2 House Resolutions were filed. Joint resolutions may be filed at any point during the session.
The House is comprised of 81 Republicans and 20 Democrats. The first session of the 59th Legislature will begin Mon., Feb. 6 at noon with the State of the State address from Gov. Kevin Stitt in the House Chamber.
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Senate completes bill filing for 2023 session |
The Senate has completed filing bills for the First Session of the 59th Legislature. The deadline was Thursday, Jan. 19. A total of 1,116 Senate Bills and 18 Senate Joint Resolutions were filed.
The Thursday deadline did not apply to appropriations bills, which can be filed throughout the session.
Senate rules also allow for bills by the President Pro Tempore of the Senate to be filed throughout the session. Senate Resolutions and Senate Concurrent Resolutions can be filed throughout the session as well.
Members of the public can read and download current legislation by going to the official Senate website- click here- and following the link for legislation at the top of the homepage. The Senate website also includes daily agendas, meeting notices, calendars, and other helpful information.
The 2023 legislative session will convene at noon on Monday, Feb. 6. The Senate offers streaming audio and video with closed captioning from the Senate Chamber, as well as from all committee rooms on its website. Wireless Internet access is available to all Capitol visitors throughout the Senate Gallery, rotunda, committee rooms, offices and press rooms.
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USDA Announces Signup for 2023 Assistance for On-Farm Food Safety Expenses for Specialty Crop Growers |
The U.S. Department of Agriculture (USDA) reminds specialty crop producers of available assistance to help cover certain costs of complying with regulatory and market-driven food safety certification requirements. Applications for the Food Safety Certification for Specialty Crops (FSCSC) program for eligible 2022 costs are due by Jan. 31, 2023. USDA’s Farm Service Agency (FSA) will accept applications for 2023 costs from Feb. 1, 2023, to Jan. 31, 2024.
FSA is making available up to $200 million through the FSCSC program, which is part of USDA’s broader effort to transform the food system to create a more level playing field for small-scale agricultural operations and a more balanced, equitable economy for everyone working in food and agriculture.
USDA first announced and opened this program for signup in 2022, delivering critical assistance for specialty crop operations, with an emphasis on equity in program delivery while building on lessons learned from the COVID-19 pandemic and supply chain disruptions.
“Specialty crops growers experienced many challenges meeting regulatory requirements and accessing additional markets due to the COVID-19 pandemic,” said FSA Administrator Zach Ducheneaux. “Many of these producers had to pivot quickly as demand shifted away from traditional markets, like restaurants and food service, and many continue to feel the impacts of those abrupt changes. By helping mitigate the costs of on-farm food safety certification, the Food Safety Certification for Specialty Crops program will help create new markets and opportunities for small-scale producers. In turn, these producers will have another tool to leverage as they work to become more nimble and more resilient in the face of unforeseen challenges, serve their local and regional economies, and support fairer and more transparent markets."
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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 24 cents and Select Beef was up 74 cents on Friday 01/20/2023.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 8,782 head at 9PM Sunday evening and ONSY says they expect to start Monday’s auction with 9,000 to 9,500 head. They will begin the sale at 6:30 am.
From the January 16th Sale- Compared to the previous sale: Feeder steers under 800 lbs. steady to 4.00 higher; few over 800 lbs. mostly steady. Feeder heifers steady in a light
test. Steer calves 4.00-8.00 higher. Heifer calves steady to 4.00 higher. Demand good for all classes as the 2022 sale season comes to a close.
Click below for the complete closing report.
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Here's our regular feature that is a part of the Monday Daily Email- market commentary from Bob Rodenberger, a partner with Stockman Oklahoma Livestock Marketing.
Bob is talking Fridays with our own KC Sheperd with his commentary and will be posted on our website-- OklahomaFarmReport.Com.
We will share a link to it Mondays here in our market section of the daily email.
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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.
Oklahoma Farm Report's Ron Hays talks regenerative agriculture and ranching with Jimmy Emmons. Jimmy is a long time resident of Leedey, OK. He is the third generation on the family farm in Dewey County. He and his wife Ginger have been farming and ranching together since 1980. They have a diverse 2000 acre cropping operation growing wheat, soybeans, sesame, sunflowers, irrigated dairy alfalfa hay, canola, grain sorghum and several cover crops for seed.
Jimmy has been monitoring soil health with soil testing since 2011 utilizing cover crops to enhance soil health.
Jimmy and Ginger also have a 250 cow/calf herd and take in yearling cattle for custom grazing on the nearly 6000 acres of native range. Ginger is the primary cattle manager in the operation. The Emmons’ utilize an adaptive multi-paddock grazing system on their range and forages grown on crop ground. They use the system to keep the native grasses and soils healthy, maximize biological diversity and optimize animal health.
As Jimmy Says- Long Live the Soil!
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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