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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.
offered 306 head of cattle Wednesday with 306 head actually selling with a weighted average price of $106. Click here
to see their complete market results.
At OKC West
, feeder steers sold mostly steady with heavier weights trading with a firm undertone. Feeder heifers traded 3.00-5.00 lower. during Wednesday trade. Click here to view the complete sale 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
Thursday, June 28, 2018
The Department of Agriculture is helping cotton farmers prepare for new safety net coverage. The Farm Service Agency is sending acreage history and yield reports to agricultural producers with generic base acres covered by the Agriculture Risk Coverage and Price Loss Coverage programs.
USDA says the data will help producers decide the best options for how to allocate generic base acres, given the addition of seed cotton as a covered commodity in the programs.
The Bipartisan Budget Act of 2018 amended the 2014 Farm Bill, adding seed cotton as a covered commodity under the ARC and PLC programs. This week, FSA will start sending producers information on current generic base acres, yields and 2008-2012 planting history.
Farm Service Agency State Executive Director Scott Biggs said the information will help producers decide the best options for how to allocate generic base acres, given the addition of seed cotton as a covered commodity in the programs.
All producers electing to participate in either the ARC or PLC program will be required to make a one-time, unanimous and irrevocable election, choosing between ARC and PLC for the 2018 crop year for seed cotton only.
Click here to learn more about these programs and how USDA-FSA is helping to prepare cotton farmers in Oklahoma for this process.
It's great to have the Livestock Exchange at the Oklahoma National Stockyards as a sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
Harvesters Across the State Begin to Slow this Week with 93% of Harvest Completed in Oklahoma
The 2018 Oklahoma Wheat Harvest is 93% done, according to the latest report from the Oklahoma Wheat Commission this week. Here is that report from Mike Schulte, Executive Director of the Oklahoma Wheat Commission:
"The Oklahoma Wheat Commission harvest has not progressed much from our report given on Tuesday, June, 19th, due to the rains that have been going thru the Panhandle and Northern regions of Oklahoma over this past week. Some producers have reported over 6 inches of moisture the last seven days even in several parts of the Panhandle. As of today, harvest has been progressing in Boise City, where moisture received has still been slim. Producers in other parts of the Panhandle are hoping to get into the fields today and tomorrow, while in some areas, it will still be a few more days even in parts of Northern Oklahoma.
"Grain quality to this point continues to be favorable with high test weights and high proteins; however, the producers in parts of Northern Oklahoma are concerned that test weights will be impacted on what is left in the field. Nothing has been reported on irrigated wheat in the Panhandle regions since many producers were just getting started with harvest before the rains came in. Test weights are averaging 60 to 62 lbs./bu. on the wheat being harvested today in the Panhandle, with reports on protein running 12.5 to 13%. Yields reported on the dryland have ranged from 10 bushels per acre to the mid 20's. An occasional report of dryland wheat making in the high 30's has been reported."
Click or tap here, to see the location by location rundown of harvest as it nears the end across the entire state of Oklahoma.
|Roberts and Stabenow Pleased With Broad Support for 2018 Farm Bill as Full Senate Considers Measure
As the U.S. Senate continues its consideration of the Agriculture Improvement Act of 2018, U.S. Senate Agriculture Committee Chairman Pat Roberts, R-Kan., and Ranking Member Debbie Stabenow, D-Mich., tthanked the diverse group of leaders that have expressed support for the bipartisan Senate Farm Bill.
To date, 504 groups representing thousands of agriculture, food, nutrition, hunger, forestry, conservation, rural, business, faith-based, research, and academic interests have issued supportive statements of the bipartisan Senate Farm Bill.
"We're pleased the Senate Farm Bill has overwhelming support from hundreds of leading organizations across the country," said the Chairman and Ranking Member. "This is what happens when the Senate works the way it is supposed to work - in a bipartisan fashion. This is a good bill that accomplishes what we set out to do - provide certainty and predictability for farmers, families, and rural communities."
For more on the support garnered by Senators- click or tap here.
While most farm policy wonks are confident that the Senate will get there when it comes to passing the Senate Ag Committee Farm Bill- the timing is a little shaky right now- it was hoped it would happen this week ahead of the Fourth of July holiday- but several things happened on Wednesday to slow things down a good bit.
Progress on the Senate bill was slowed by a skirmish ignited by Tennessee Sen. Bob Corker over reining in President Trump's power to impose tariffs in the name of national security and by Florida Sen. Marco Rubio's effort to limit trade-promotion spending in Cuba. To make his point, Rubio blocked a vote on amendments.
Late in the day- Senate Majority Leader Mitch McConnell filed a motion for cloture to limit debate- which could be voted on Friday morning. That may mean that the Senate may have to leave the Farm Bill in limbo as they leave Washington for a week to celebrate the Fourth of July next week.
Jim Robb Sees Profitability Returning to Cow-Calf Sector as Industry Enters into Transitional Period
According to Jim Robb of the Livestock Marketing Information Center out of Denver, the beef cattle markets are seeing a rise in the number of heifers moving into the beef production system rather than the breeding herd side. At the same time, beef cow slaughter is up dramatically year-over-year. In a recent interview, he explained that this activity in 2018 suggests the industry has arrived at a time of transition in the marketplace and expects profitability over the near horizon.
"We're certainly moderating the rate of growth rather significantly compared to recent years and at this pace, when we get to January 1, 2019 - we will probably have well less than one percent growth in the nation's beef cow herd," Robb explained. "That's very close to population growth. So, we're looking at 2019 and 2020 probably for higher prices on calves and yearlings. And, that takes some planning now."
Robb emphasizes that rancher really need to be making some critical management decisions now, with a very limited window in which to do it, in order to take advantage of the favorable conditions developing in the markets. As the markets churn through the cyclical lows currently anchoring markets, Robb says it will be important for ranchers to have their strategies in place as prices begin to turn higher. Barring any unforeseen circumstances, he believes a producer with the right game plan will stand to increase his bottom line in the years ahead. He cites the size of the US corn crop and the rate of heifer slaughter as key indicators that producers can look to in order to gauge the market.
"If the corn crop doesn't get real small or something hit us alongside the head, we think calf prices in 2019 will start clearly moving higher year over year," he said. "We're at about breakeven now. But, I think profitability will improve in 2019 for the cow/calf sector and then we get to 2020 and we're probably looking at higher prices. We had a pleasant surprise in 2017 in terms of better profits than anticipated and I think we'll be back to those levels in the next couple years."
Listen to Robb and I discuss his predictions for the next couple years regarding profitability in the cow/calf sector, on yesterday's Beef Buzz - click here.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
Importance of Integrated Pest Management Highlighted at Biopesticides North America Conference
CropLife America President and CEO Jay Vroom spoke to key industry stakeholders in the agro-chemical industry during the Biopesticides North America Conference Wednesday in Vancouver, B.C., addressing Integrated Pest Management, or IPM, which Vroom described as "the best-kept secret in agriculture."
"If you aren't a farmer, you've likely never heard of this approach to sustainable farming," he said. "IPM is not just one approach it's an 'all of the above' set of solutions... key to not only sustainable farming, but a secure food system."
CLA has been integral in the development of many of these innovative products available today, utilizing biotechnology, advanced plant breeding and precision farming tools and techniques.
The CropLife Foundation recently sponsored a POPagriculture podcast, featuring expert Dr. Steve Savage explaining the science behind IPM.
Click here for information on where to find that podcast episode and continue reading about IPM in the original webstory for more details.
FAPC Recognizes Oklahoma Food Industry Leaders Through Food Safety Professional Program
Oklahoma State University's Robert M. Kerr Food & Agricultural Products Center created a Food Safety Professional program to recognize industry leaders specializing in food safety to ensure quality products are being developed and manufactured. The Food Safety Professional program distinguishes individuals who complete significant food safety training through FAPC.
"Food industry representatives from across Oklahoma and even around the nation come to FAPC to get food safety training," said Pete Muriana, FAPC food microbiologist and chair of the program. "We saw a need in recognizing these individuals who continually come back to FAPC to receive training and for their focus and drive in providing safe and quality products to consumers."
Since launching in March, 12 people have applied for the program, and FAPC has awarded seven individuals with the Food Safety Professional certificate. The awarded recipients include Praveen Yerramsetti, Head Country Food Products; Badrinath Jagannathan, University of Kentucky; Neeharika Thunga, Value Added Products; Tommie Berry, QuikTrip; Conner McDaniel, Oklahoma State University; Sabra Billups, Oklahoma State University; and James Hearn, Oklahoma State University
For more information or to apply for the Food Safety Professional program, click here.
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ICYMI - Oklahoma Pork Congress Kicks Off Tomorrow in Norman
In case you missed it - the Oklahoma Pork Congress will take place tomorrow, Friday, June 29, 2018, in Norman at the Embassy Suites. The Oklahoma Pork Council invites all pork producers to join in for a day full of education, okPORK business, and lots of fun and fellowship.
New this year is Viva Las Bacon, a casino night that will wrap up the day's events including a bar, Vegas style buffet, silent auction and great door prizes.
Prior to the party, attendees will have the opportunity to participate in two educational sessions, featuring animal welfare specialist Dr. Janeen Johnson of Oklahoma State University's Animal Science staff and Allyson Perry from the Center for Food Integrity who will facilitate a discussion with a group of consumers who will share about where they get the information that informs their food purchasing decisions.
The election of pork producer delegate candidates for the National Pork Producers (Pork Act) Delegate Body will also take place at 3:30 p.m., Friday, June 29, 2018, in conjunction with the Oklahoma Pork Congress and Annual Meeting which will be held at the Embassy Suites Hotel & Conference Center in Norman, Oklahoma. All Oklahoma pork producers are invited to attend.
Any producer, age 18 or older, who is a resident of Oklahoma and has paid all assessments due may be considered as a delegate candidate and/or participate in the election. All eligible producers are encouraged to bring with them a sales receipt proving that hogs were sold in their name and the checkoff deducted. Nominations will be accepted from the floor.
|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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