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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.
has 328 head of cattle on their showlist for the Wednesday, April 11th sale of finished cattle - click here
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OKC West sold slaughter cows 1.00 - 4.00 higher, bulls 2.00 - 3.00 higher Monday
Monday's feeder cattle market at the Oklahoma National Stockyards finally saw an updraft on prices- yearlings and calf trade both stronger- click here for details
Joplin Regional Stockyards saw yearling steers 2.00 to 4.00 higher- everything else steady to higher as well- click or tap here for the report.
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
Tuesday, April 10, 2018
|Wheat Condition Declines in Latest Crop Report, with Recent Freeze Damage Still Unaccounted For
In this week's Crop Progress report released on Monday, April 9, 2018 the USDA rates the US wheat crop's condition at 35 percent poor to very poor up 5 points from the previous week, 35 fair down 3 points from last week and 30 good to excellent down 2 points from the previous report. To view this complete report, click or tap here.
In Oklahoma, winter wheat's condition is rated 57 percent poor to very poor up 11 points from the previous week, 33 fair down 12 points from last week and 10 good to excellent up just 1 point. Winter wheat jointing reached 57 percent, up 11 points from last week but behind normal by 14. Wheat headed is at just 1 percent complete this week, 6 behind this time last year and behind the average of 2. To view this complete report, click or tap here.
In Kansas, winter wheat condition rated 13 percent very poor, 31 poor, 43 fair, 12 good, and 1 excellent. Winter wheat jointing was 13 percent, well behind 41 last year and 35 for the five-year average. To view this complete report, click or tap here.
In Texas, winter wheat is showing signs of water stress in the Southern Low Plains, while wheat seems to be improving in the Blacklands and East Texas. The state's winter wheat crop this week rates 14 percent good to excellent up 9 points from last week, 26 fair up 1 point from the week before and 61 poor to very poor, up 2 points from a week ago. Wheat headed this week reached 17 percent, up from 11 the week prior, and behind 39 last year and 19 the average. To view this complete report, click or tap here.
Compared to a week ago- the Oklahoma Poor to Very Poor number is 11 points worse than the 46% poor to very poor- while the Kansas crop remained unchanged at 44% this week same as last, and the Texas crop declined by 2 percentage points (59% last week- 61% this week).
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|Extent of Wheat Damage by Weekend's Snap Freeze Uncertain as Growers Left to Wait and See
Kicking off the second OSU Wheat Webinar yesterday morning, Heath Sanders, OSU's southwest area agronomist, talked about the amount of time during which wheat in Oklahoma was exposed to below freezing temperatures over the weekend and what impact that might have on the crop. During the second episode of a new wheat update webinar series hosted by OSU Extension, Sanders stated that his concern regarding wheat damage was more about how much time wheat spent in freezing temperatures, rather than the temperature itself.
Temperatures across the state fell as low as 21 degrees Fahrenheit in some places, where wheat is at a particularly delicate stage. Unfortunately, though, while many questions have arisen from this situation, not much can be determined for the next week to ten days as right now it has become a "wait and see situation," regarding the extent of the damage. Sanders worries, too, that temperatures this week will be too harsh for crops, as they reach up into the 80s and 90s towards the end of this week. This is worrisome given the water demand of wheat at this critical stage of development.
OSU Small Grains Specialist Dr. Dave Marburger agrees with Sanders, adding that many factors will play into the actual potential for damage to the crop. Unfortunately, though, he concurs it will take some time to see whatever damage that was caused manifest itself. He hopes at this point most of it will be cosmetic, resulting in leaf tip burning, but in southern parts of the state, he says he would not be surprised to see some isolated cases of dead tillers.
For more of the latest on Oklahoma's wheat crop and its current condition, click or tap here to jump to the article and listen to an audio summary of the webinar.
|Wheat Day at the State Capitol Canceled - Conservation Day Postponed and Reset
As Oklahoma's teachers continue their takeover of the State Capitol, pre-planned events at the venue are being reconsidered. In the agriculture world - two more events have been jilted.
Wheat industry officials announced, yesterday, their decision to cancel Wheat Day at the Oklahoma State Capitol, which was to be held Wednesday of this week. Joe Neal Hampton of the Oklahoma Wheat Growers, says there are no plans to reschedule the Wheat Day events for 2018.
On the other hand, Conservation Day at the Capitol will still happen, but with some modifications to the schedule.
Originally scheduled for April 12th, Conservation Day at the Capitol and the Oklahoma Association of Conservation District's Campaign for Conservation will now be held May 7th, 2018 from 8 AM to 3 PM.
The Conservation Awards Ceremony will still be held on Thursday, April 12th, 2018 but is being moved to the Ag Lab Atrium in the Agriculture Building. Districts Awards will be presented at 10 AM and the Sand County Foundation Leopold Conservation Award Ceremony honoring Jimmy and Ginger Emmons will begin at 11 AM.
For more information on this event and the new schedule, click here.
|Perdue Commits USDA to One Federal Decision Framework for Environmental Reviews and Infrastructure Project Permits
Yesterday, USDA Secretary Sonny Perdue joined several of his fellow cabinet members in signing a memorandum of understanding, committing the USDA and other respective agencies, to take on a responsibility of processing environmental reviews and infrastructure project permitting in a timely fashion. The memorandum's framework is the brainchild of the Administration, known as the President's One Federal Decision. Under the President's direction, this order will ensure environmental standards are met, but within a reasonable timeframe.
While many USDA projects can be very complex and require input and decisions from many other federal agencies, a statement from the USDA claims that often times multiple redundant reviews, unrelated to the information being gathered, are implemented and cause costly project delays and confusion. Federal agencies under this order will now be required to issue the necessary permits for the project within 90 days of a project's greenlight.
The basic framework of this memorandum adheres to four basic principles. 1.) Establish a Lead Federal Agency for the Complete Process. 2.) Commitment to Meeting the Lead Federal Agency's Permitting Timetable. 3.) Commitment to Conduct the Necessary Review Processes Concurrently; and 4.) Automatic Elevation of Interagency Disputes.
For more details on this story, go to our website and read the complete article, by clicking here.
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At the heart of our mission is the OERB's ongoing commitment to clean up Oklahoma's orphaned and abandoned well sites -- sites left to ruin by those who have long since passed or disappeared. Funded through voluntary contributions paid by producers and royalty owners, the OERB's environmental restorations cost nothing to landowners or taxpayers. We've restored more than 16,000 orphaned and abandoned well sites, employing Oklahoma contractors along the way.
|CME's Changes to Futures Contracts Show Promising Progress in Effort to Reduce Market Volatility
In 2016, the CME Group founded a working group with the National Cattlemen's Beef Association and other organizations in the livestock industry to address cattle market volatility for several years. CME Group Managing Director of Agricultural Products, Tim Andriesen provided an update recently on the Exchange's progress. Over the past couple years, Andriesen says the working group has focused on refining futures contracts and developing better ways to support the risk management needs of the beef producer.
"Out of that, we've made a number of changes to the live cattle futures contract, designed to do two things," he said. "First, enhance our markets and second, ensure they more accurately reflect the cash market values."
In doing this, Andriesen says changes made have included the implementation of a messaging efficiency program, reducing livestock trading hours, modifying delivery rules to allow for a greater capacity and revising quality and grading specs. As a result, he says CME's contracts are now more effective as a hedging tool for the cattle industry and believes delivery capacity has indeed improved. With the addition of four new delivery locations, capacity has grown by six percent from last year. The purpose of these changes are built on the intention that they will help reduce the chance of congestion that could adversely affect price discovery - the goal being to align futures with cash market values. So far, improvements seem to be happening and industry feedback has been good, but Andriesen says the process is ongoing and that CME will continue to work with the industry to make their markets work for producers.
"We value our relationship with the industry," he said, "and we'll continue to seek their feedback and engagement in our markets as we look at potential changes."
Listen to Andriesen talking about the CME Group's efforts to improve the futures trade for live and feeder cattle markets, with me, on yesterday's Beef Buzz - click here.
|Meet Your 2018 Southwest Area Star in Agriscience, Amy White of the Tipton FFA Chapter
We kicked off another week of our coverage spotlighting the 2018 FFA Area Stars, this week featuring those in Agriscience. Amy White of the Tipton FFA Chapter, representing the Southwest Area, talked with us recently about her projects that caught the eye of the judges in this year's contest. Generally in the Agriscience category, you will find those FFA members participating have only one project that they've devoted their time to over the course of their FFA career. In White's case, though, she has conducted four projects since her 8th Grade year.
Of those four projects, the most recent one and perhaps Amy's favorite, is all about society's perception of equine therapy.
In addition to her agriscience projects, though, White is also involved in many other activities including her chapter's ag sales team and communications team as well as participating in many other leadership activities throughout the year and she also shows pigs and dairy cattle. Overall, she says the FFA has helped her immensely in her personal growth.
"It's helped me a lot. It's helped me develop personal leadership skills that not everybody can get from just sitting in school," she said. "It's taught me so much and given me experiences I can use in the future."
You can hear our entire conversation, by clicking or tapping here. Once again, we also want to offer a special thanks to our friends and sponsors at American Farmers & Ranchers and AFR Insurance, proud to support Oklahoma's youth.
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|The Latest on SB1086- Ag Stands United- House Leaders Have No Interest in Taking Up the Senate Bill
One of the demands that OEA listed over this past weekend as having to happen in order for them to end the Teacher Strike is passage of SB1086- a measure that would wipe out the Oklahoma deduction for capital gains that was established by a vote of the people in 2004.
According to Dr. Shannon Ferrell of OSU, who has offered an analysis of this measure- " As Oklahoma law currently stands, the amount of "capital gains" reported for federal tax purposes can be deducted from the income of individuals and corporations (and other entities, such as LLCs) when calculating Oklahoma taxable income. SB 1086 would eliminate that deduction for both individuals and corporations with respect to any capital gains transactions occurring after December 31, 2018."
SB1086 has passed the Senate- but House Republicans say it won't be brought up- and House Democrats say there are for it- but want to exempt farmers and ranchers from it. Only trick is- Ag watchers say the legal experts say you can't pull ag out- it would be unconstitutional.
So- Ag Groups in Oklahoma are opposed- and a graphic one pager has been produced explaining the farm perspective:
So- the teachers remain at the Capitol as their organization looks for more money- it does not seem likely they will find it by passing SB1086.
|2018 Oklahoma Canola Field Days Kick Off This Morning
The 2018 Oklahoma Winter Canola Spring Field Tours hosted by OSU extension are kicking-off this morning at 9:00 a.m. in Medford, Okla. with another crop tour at 2:00 in Dacoma, Okla.
Producers in attendance will learn how to maximize their canola crop's productivity and a detailed look at varieties planted here in Oklahoma. Other topics to be discussed will include variety performance, insect management, harvest management, fertility, the latest updates about canola diseases and management practices growers need to be thinking about going into the 2018 planting season.
Tour organizers insist that canola can help wheat farmers clean up their fields as a regular rotation, and with solid prices currently, will contribute little to none to a producer's management costs.
For more information about the tour schedule and what will be discussed during the event, click over to the calendar page on our website.
|Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, OERB, 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!
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