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Let's Check the Markets!
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Finished cattle prices
were untested Wednesday compared to the last sale on
- 365 cattle were offered, with 0 actually selling. Click here
to see their complete market results.
ended up with 10,543 Cattle this week- Compared to the last sale two week's ago: Feeder steers traded 2.00- 5.00 higher, feeder heifers sold 1.00-4.00 higher where comparable sales were noted. Click or tap here for the complete report from the USDA found on our website.
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, July 12, 2018
Cattle Inventory Projections Suggest Cow/Calf Producers Can Expect a Fairly Positive Year in 2018
The US Department of Agriculture's mid-year cattle inventory report, along with the monthly cattle on feed numbers, will be released Friday, July 20, 2018 and it is one Kansas State University Extension Livestock Market Economist Dr. Glynn Tonsor says is worth paying attention. He shared recently some of his predictions and analyses of the impact the upcoming report will have on cattle markets, based on pre-report estimates issued by the Livestock Marketing Information Center.
"I think it's important to pay attention to this report just like the January one that comes out each year, as a periodic assessment of a big aggregate supply situation," he explained, sharing that the LMIC is projecting the mid-year beef cow inventory to be up 0.9 percent. "If that holds, that would be 32.5 million head and would be the largest inventory of beef cows we've had since 2008."
The LMIC is also projecting that heifers being held for replacement to be off about 4 percent. That would be about 4.5 million head and consistent with most people's expectations in that interest in expansion has slowed. In addition to that, LMIC's projection for the next calf crop (based on the prior year's breeding efforts) is estimated to rise as much as 1.4 percent - putting the industry at approximately 36.3 million head, making that the largest calf crop since 2007.
"All those numbers kind of point to and kind of remind us of how large the inventories we're dealing with are," Tonsor remarked. "The good news is demand has remained positive despite that. I think the average cow/calf producer is going to have a positive year in 2018, but we're not talking $300-400 returns per cow like we were a few years ago."
Listen to Tonsor offer his predictions about what impact the upcoming mid-year cattle inventory report from USDA will have on the future of the cattle market for 2018, on yesterday's Beef Buzz - click here.
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Consensus Reached on Conservation After Major Survey of Midwest Farmers
Many farmers and ranchers value the opportunity the Conservation Stewardship Program (CSP) offers to enhance their existing conservation efforts, according to a recent survey by the Center for Rural Affairs. Eighty-seven percent of more than 800 respondents, all living in an area with a strong agricultural presence, said CSP should be supported as a priority in the farm bill.
A report released this week by the Center for Rural Affairs, analyzes these survey results and examines the efficacy of CSP in Iowa, Kansas, Nebraska, North Dakota, and South Dakota. According to this report's findings, farmers and ranchers continue to see value in the program which has helped land managers foster positive changes to soil health, water quality and other natural resources. The report also highlights that the conservation enhancements made possible through CSP do not benefit only a single farm or ranch on which the project is tied to, but rather impacts surrounding regions as well through reduced erosion and prevention of water runoff.
"The survey results show with CSP, farmers and ranchers can access greater levels of conservation, see advantages of those practices, and value the education and financial support to help achieve these conservation benefits," said Cora Fox, Center for Rural Affairs policy program associate. "This demonstrates the reassuring conclusion that CSP is working as it should."
For more information, and to view the report, click here.
Jill Stichler of Slaughterville, Okla. Recognized as a Significant Woman in Oklahoma's Agriculture Industry
Jill Stichler of Slaughterville, Okla. was named this week a Significant Woman in Oklahoma Agriculture by the Oklahoma Dept. of Agriculture. She grew up on her family ranch in Creek County raising in addition to cattle, bison and kept a garden. Stichler went on to earn a degree in Zoology and minored in Botany and chemistry from the University of Oklahoma and immediately went to work for the Tinker Air Force Base as a logician tracking High Speed Anti-Radiation Missiles during the Vietnam War. Later in life, though, Stichler would find her passion for growing grapes.
During her transition from a career in the military to working with the National Weather Service, Stichler, first started her vineyard with 114 Riesling grape vines in 1999 after a chance meeting with the owners of the Canadian River Winery who sparked her initial interest in viticulture. By 2003, she was harvesting, processing, pasteurizing, bottling and distributing her own grape juice under the label "Redland Juice Company." Today, Stichler is now a 25 percent partner in the Canadian River Winery and grows four acres of Merlot, Chardonnay, Riesling, and Muscat Canelli grapes for both juice and wine production.
Stichler has become an influential person in the industry due to her passion and knowledge gained from studying Viticulture and Enology at Grayson County College. Over the years, Redland Juice Company has received numerous awards and accolades for juice varieties and Stichler continues to take great pride in her work today. Seen as a modern-day pioneer in Oklahoma viticulture, Stichler was elected as the first female president of the Oklahoma Grape Growers and Wine Makers Association in 2003. Among many other achievements, Stichler was also founding member of the Oklahoma Grape Industry Council with Gene Clifton and an early member of the Made in Oklahoma Coalition, which she continues to be involved with. You can read more about what makes her a Significant Woman in Agriculture, by clicking here to read the full profile on Stichler's life by ODAFF.
Checking In on the Beef Checkoff - Partnering with Cowboy Ninja Lance Pekus to Promote Beef
Checking In on the Beef Checkoff is a new series we're proud to offer in conjunction with the Oklahoma Beef Council. Over the next several weeks, we invite you to join us as we highlight some of the efforts being undertaken by the Beef Checkoff to promote beef on behalf of producers. This week, Heather Buckmaster, executive director of the Oklahoma Beef Council, visited with us about a unique partnership the Beef Checkoff has formed with reality TV star, Lance Pekus, to promote beef as part of a healthy lifestyle.
"Lance is a cow/calf rancher in Idaho and has been competing on the popular reality show, American Ninja Warrior, for many years and fans across the country have really become drawn to his story of ranching, family and strength," Buckmaster said. "His message of ranching, maintaining a healthy lifestyle and beef - it's a powerful one for us to share with consumers."
The Beef Checkoff launched an integrated media campaign on social media in late May coinciding with the debut of the program's 10th Season. Beef. It's What's for Dinner will support the show and Lance with new video ads running on Hulu and YouTube through August.
Click here to listen to our complete conversation about this partnership between the Checkoff and Pekus and for more stories about what your Beef Checkoff is doing to promote beef, click over to their website.
The Oklahoma Beef Council is a producer-led, Beef Checkoff-funded organization with a vision of being a positive difference for Oklahoma's farming and ranching families and the greater beef community. It's mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectation through focusing on three core strategic priorities:
- Grow consumer trust in beef and beef production
- Promote and Strengthen Beef's Value Proposition
- Drive growth in beef exports
To learn more about the Oklahoma Beef Council and its programs visit Cattlemen's Corner on its website at www.oklabeef.org
USDA Implement New "Lockup" Procedures to Ensure Equal Access to Crop and Livestock Reports
The Department of Agriculture will end its "lockup" procedures for select media that allows reporters early access to crop and livestock reports. The organizations previously allowed to analyze reports starting 90 minutes before public release will now gain access to the reports at the same time they are released to the public, ending a century-old policy. The change will start next month.
Agriculture Secretary Sonny Perdue says USDA is making the change to address the head start of a "few microseconds that can amount to a market advantage." USDA says the evidence suggests there is significant trading activity worth millions of dollars that occurs in the one to two second period immediately following the 12:00 p.m. report release time, which "could not be based on the public reading of USDA data." USDA says the inference is that private agents are paying the news agencies for faster data transmission to get a jump on the market.
The news agencies involved include the Associated Press, Wall Street Journal, Thompson Reuters, Market News International, Bloomberg News and DTN/Progressive Farmer.
Click here to read the full story up on our website.
Sen. Jim Inhofe Meets with OKFB President Rodd Moesel in Washington to Discuss Critical Ag Issues
U.S. Sen. Jim Inhofe met with Oklahoma Farm Bureau President Rodd Moesel in Washington this week to discuss issues important to the Oklahoma agricultural industry. The Senator issued a statement, yesterday, describing their visit during which he stated the two shared each other's concerns regarding the impacts that might befall Oklahoma's farmers and ranchers regarding China's retaliation in an escalating trade war between our two nations.
Inhofe and Moesel agreed that moving quickly to strike bilateral trade agreements in other international markets is of critical importance to offset the pressures of uncertainty as a result of rising tensions with China and other trading partners.
In addition, Inhofe made note of their discussion pertaining to the new Acting EPA Administrator, Andrew Wheeler, whom Inhofe assured Moesel is someone in which he has much confidence to continue "cutting the red tape to help agricultural communities."
For a look at Sen. Inhofe's full statement reflecting on his visit with OKFB President Rodd Moesel, click or tap here.
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Register Now for the 2018 Women in Agriculture and Small Business Conference Aug. 9-10 in OKC
Producers and business owners are encouraged to plan now to attend the 2018 Oklahoma Statewide Women in Agriculture and Small Business Conference Aug. 9-10 in Oklahoma City.
"The focus of the two-day conference is to assist women and producers in successfully managing risk for their agricultural enterprises or small businesses," said Sara Siems, Oklahoma State University Cooperative Extension assistant specialist and conference coordinator. "The conference offers timely information to empower women in their farm, ranch and business endeavors."
Keynote speakers for the popular two-day event include journalist Rebecca Long Chaney, meat scientist and blogger Janeal Yancey and training and development specialist Marcy Luter. Other conference highlights will include four educational tracks: Agricultural production, alternative enterprises, business and finance, and beginning farmer. Exhibitors will also be on hand providing helpful resources designed to enhance attendees' farming or small business efforts, while vendors will be selling their Made in Oklahoma products. Registration before Aug. 3 is $50 and $25 for college-aged students and younger, while anyone registering after that date will pay $60 or $35, respectively. All meals and refreshments are included in the registration fee. For more information about the conference or to register for the event, click here.
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