Oklahoma's Latest Farm

And Ranch News

Monday, August 14, 2023

Howdy Neighbors!

Here is your daily Oklahoma farm and ranch news update. 

 

  • US Winter Wheat Production Forecast at 1.23 Billion Bushels, Up 2% From the July 1 Forecast


  • August Crop Report Sees 2023 Oklahoma Wheat Crop Same Size as 2022 Crop


  • Year Four of Cattlemen’s Congress Coming in December


  • OSU’s Dr. Kim Anderson on Latest USDA August Numbers


  • ASA Leads More than 200 Groups Raising Alarm with EPA Vulnerable Species Pilot Project


  • Thinking Outside the Box When It Comes to Direct Marketing in Ag Products


  • Voluntary Groundwater Conservation Act Proposed to Protect the Ogallala Aquifer

Winter wheat production forecast at 1.23 billion bushels, up 2% from the July 1 forecast

As expected, USDA on Friday lowered both corn and soybean yields and production, dropping corn yields to 175.1 bushels per acre (bpa), and lowering soybean yields to 50.9 bpa. Corn production was pegged at 15.11 billion bushels (bb), and soybean production was forecast at 4.2 billion bushels.


Farm Director KC Sheperd had the chance to visit with Allendale’s Rich Nelson after the report was released. He said there were some interesting discussions around the wheat numbers.


“USDA did both a resurvey effort for acreage for small grains and really for wheat that didn’t change the story too much, only 180,000 acres that were offset by yield decline 0.3 bushels an acre," Nelson said. "So, production in this case was lowered by 5 million bushels, not a big surprise there.”


Nelson said USDA did address some export concerns, and therefore stocks are raised by 592 to now 615, but said that was the standard trade expectation. However, Nelson did say that on the Hard Red Winter side, we saw some pretty big numbers.


“We will point out that numbers were raised, and a lot of us might wonder with active harvest what type of discussion that would have been here in prior weeks," Nelson said. "But our discussion now is that we’re wrapping up our argument here that perhaps this hard red did relatively well considering our weather challenges earlier this year. So overall, some stout numbers but not too out of balance here.”

Click here to access the latest WASDE and listen to KC Sheperd and Allendale’s Rich Nelson discuss the report
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Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2022 Tulsa Farm Show.  To learn more about the Tulsa Farm Show, click here



August Crop Report Sees 2023 Oklahoma Wheat Crop Same Size as 2022 Crop

The August Crop Production report of USDA reflected a sizable amount of abandoned acres across Oklahoma compared to the July Report- resulting in a crop that is virtually the same size as the one that was produced in 2022. NASS reduced the harvested acres by 50,000 acres(the trade reporting that farmers had to abandon those acres due to rains that caused mud and weed problems) with 2.55 million acres being harvested- the yield per acre was left unchanged from July to August resulting in Oklahoma’s winter wheat crop called 68.85 million bushels- up from 68.6 million bushels in 2022.


Even though there was a sizable amount of wheat still to be harvested in early July in Kansas- the estimates in July were held in place in the August report for the nation’s largest wheat producing state- with Kansas farmers harvesting 6.5 million acres with a disappointing 32 bushels per acre for a 208 million bushel crop. That’s fifteen percent less than the 2022 crop for Kansas and well under their long term average of 330 million bushels.


The Texas winter wheat crop is well above the 2022 crop- up 79% from the 39 million bushel crop of 2022- the 2023 crop harvested by Texas producers comes from 2 million acres with a yield of 35 bushels per acre, resulting in 70 million bushels produced this year.


Nationally, Hard Red Winter production, at 585 million bushels, is up 1 percent from last month.


Beyond the 2023 winter wheat crop- USDA also had production estimates on several of the spring planted crops in Oklahoma. Click on the BLue Button below to see those crops in detail.

Read More About the Oklahoma Numbers in the August Crop Production Report Here

Year Four of Cattlemen’s Congress Coming in December

In this episode of Beef Buzz, I am talking with Bray Haven about the 2024 Cattlemen’s Congress, coming up on December 30, 2023, through January 11, 2024. Coming up on year four of Cattlemen’s Congress, Haven talks about what to expect in 2024.


“I think we are really continuing our positive momentum that Cattlemen’s Congress has had since its inception,” Haven said. “That first year, we were the only show in town, and then as we progressed, the other shows came back online, but people kept their interest with Cattlemen’s Congress.”


One advantage of Cattlemen’s Congress, Haven said, is the location, as it sits right in the middle of cattle country. Looking at physical upgrades to the facility, Haven said there is a lot to be excited about.


“If you drive downtown by the OKC Fairgrounds, you will see the new coliseum is already going up, and so we will look forward to showing in there in the next couple of years,” Haven said. “There will be a little construction and things like that during the show for the next year or so, but I think the end result will be good.”


Regarding the schedule, Haven said they will be shortening the show by one day in 2024.


“Not that we expect numbers to fluctuate much, but just to be a little more efficient,” Haven said.

Click here to read more and listen to Ron and Bray Haven talk about the 2024 Cattlemen’s Congress
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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
Click here for our Latest Cotton Talk- Hosted by KC Sheperd


OSU’s Dr. Kim Anderson on Latest USDA Crop Numbers

Below is an analysis of the latest August USDA reports from Oklahoma State University Crop Marketing Specialist, Dr. Kim Anderson.


The USDA released the August WASDE (World Agricultural Demand and Supply Estimates) and the Crop Production reports. The reports were most positive for corn and soybeans. The WASDE report was slightly negative, price wise, for hard red winter (HRW) wheat.


The initial market reaction to the reports were miniscule, which indicates USDA’s estimates were near the market’s expectations.


Oklahoma’s wheat production was lowered from 70.2 million bushels (Mb) to 68.85 Mb. All HRW wheat production was increased from 577 Mb to 588 Mb, and HRW 2023/24 marketing year ending stocks were increased to 246 Mb from 227 Mb. The five-year averages are 689 Mb for U.S. HRW production and 411 Mb for ending stocks. The increases are expected to have little impact on wheat prices.


World wheat ending stocks were lowered from 9.79 billion bushels (Bb) to 9.76 Bb.

U.S. corn production was estimated to be 15.1 Bb, which was only 209 Mb lower than July’s estimate, and ending stocks declined 0.3%. The changes in world production and ending stocks were also small. No price impact is expected.

Click here to read the full analysis of the latest WASDE report from Dr. Kim Anderson.

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.
Listen to our Monday Farm and Ranch News with KC Sheperd
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Union Mutual of Oklahoma Turns 85 Years Old


Back in July of 1938 when Union Mutual of Oklahoma was founded, FDR was in the White House, EW Marland was in the Governor’s Mansion, and the Soldiers of Gettysburg were gathering for a reunion on the old battlefield. Union Mutual was born out of necessity in Oklahoma and serves as one of the oldest rural insurance carriers serving only the people of Oklahoma. Union Mutual was created 85 years ago for one purpose, that was and is to serve and protect rural Oklahomans and their property. That mission has never wavered.

 

Union Mutual Insurance of Oklahoma was chartered in 1938 to write property and casualty insurance in the state of Oklahoma. Over the years, Union Mutual has maintained the attitude that started the company, “Protection for Oklahomans by Oklahomans.” In poor economic times, in times when national insurance companies either stopped writing or completely left the state, Union Mutual has been there for Oklahomans. Today, Union Mutual writes insurance in all 77 counties of Oklahoma through almost 300 agency locations. These agents provide fast and reliable quotes for most lines of insurance.

 

Union Mutual of Oklahoma CEO Monica Collison had this to say on the company turning 85 years old. “I am humbled to lead such and extraordinary company and team with the history and legacy of Union Mutual. Union Mutual has stood with rural Oklahoma for 85 solid years and I look forward to helping it for the next 85 years.”

 

For the agent nearest you, go to unionmutualic.com or give them a call at 405 286-7703.



ASA Leads More than 200 Groups Raising Alarm with EPA Vulnerable Species Pilot Project

This week, ASA led coalition comments raising “grave concern” with EPA’s vulnerable species pilot project proposed under the Endangered Species Act. The comment letter, which drew 206 signers, expressed multiple ways in which grower and other pesticide user operations potentially would be subject to irreparable harm should the pilot take effect as proposed. The comments raised concern that the proposal “will effectively result in a de facto pesticide ban for many farmers.” Additionally, the comments expressed alarm with ways in which the proposal likely violates EPA’s legal obligations under ESA, FIFRA, the Administrative Procedure Act, and other federal statutes.


The vulnerable species pilot, which seeks to protect 27 species EPA alleges are uniquely vulnerable to pesticide exposures, would impose geographical use restrictions on pesticide users within the species ranges. The pilot would establish pesticide use limitation areas (PULA) with varying restrictions depending on the species.


While the proposal is complicated and largely species-specific, there are many general trends regarding the restrictions that would apply to pesticide users affected by the pilot. For example, many farmers in the PULAs would have to coordinate with their local Fish and Wildlife Service (FWS) offices three months ahead of making any pesticide applications on fields or rangelands. The comments highlight how this could create an enormous regulatory bottleneck if the local FWS office has limited capacity to handle hundreds of coordination requests. It is also impossible for growers to predict their pest pressures and application needs three months in advance. Most farmers under the proposal would have to adopt four runoff/erosion mitigations as well, many of which would be incredibly expensive or impractical for growers to implement. The comments highlight that the collective impact of this proposal would be an effective pesticide ban for many growers.

Click here to read more and access the full comment letter

Tractor Sales Growth Softens in U.S., Canada – AEM’s Ag Tractor and Combine Report

Self-propelled combine sales continued to increase in the U.S., while total farm tractor unit sales in the U.S. and Canada declined in July, according to the latest data from the Association of Equipment Manufacturers (AEM).


Overall unit sales of U.S. combines climbed 10.6 percent compared to July 2022, while sales of tractors declined 5.2 percent in the same month in 2022, driven largely by softness in the smaller horsepower segment. Canadian tractors saw slower July sales with an overall decline approaching 20 percent, with combines declining 16 percent year over year for the month of July. 


“We’re still seeing moderate growth in the traditional ag market that has shown a steady rise all year in North America” said Curt Blades, senior vice president, at the Association of Equipment Manufacturers. “The softness in the compact and sub-compact tractor market in both the U.S. and Canada is something we have been experiencing for some time after record growth in the segment during the recent pandemic.”

Click here to access AEM’s full Ag Tractor and Combine Report

Thinking Outside the Box When It Comes to Direct Marketing in Ag Products

At the Women in Ag Conference in Edmond, Oklahoma, Radio Oklahoma Ag Network Intern, Maci Carter, had the opportunity to talk with Julia Laughlin, Horticulture Specialist at Oklahoma County Extension, after Laughlin’s presentation on Alternative Crops for Direct Marketing. Together they discussed what direct marketing is, different avenues for producers, crops that will set growers apart, and more.


“This is where a producer is going to sell directly to a consumer instead of having a middleman,” Laughlin said.


Laughlin said some examples of direct marketing include using farmers’ markets or selling directly to chefs at restaurants rather than selling to a corporation grocery store. She disclaimed that it may be harder than it sounds, and often times finding someone to sell for you can be an easier avenue.


“One thing is it can be sold directly to the consumer, which is generally a higher quality for the consumer,” Laughlin said. “But for the vendor or the producer themselves, they’re going to make more money because they can get a full price for the product without going through a second market.”

Click here to read more and listen to Maci Carter talk with Julia Laughlin about alternative crops for direct marketing

Voluntary Groundwater Conservation Act Proposed to Protect the Ogallala Aquifer

Sens. Michael Bennet (D-CO), Jerry Moran (R-KS), and Martin Heinrich (D-NM), have introduced the Voluntary Groundwater Conservation Act, aimed specifically to protect the Great Plains’ Ogallala Aquifer.


The Ogallala Aquifer underlies parts of Colorado, Kansas, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, and Wyoming. From wheat and cows to corn and cotton, the regional economy depends almost exclusively on agriculture irrigated by Ogallala groundwater. But according to the Fourth National Climate Assessment (NCA4), producers are extracting water faster than it is being replenished, which means that parts of the Ogallala Aquifer should be considered a nonrenewable resource.


The Voluntary Groundwater Conservation Act creates a new voluntary groundwater easement program at the United States Department of Agriculture’s (USDA) Natural Resource Conservation Service (NRCS) within the easement program is modeled after the experience of Colorado Open Lands, who signed the first-ever ground water easement in 2022 in the Rio Grande River Basin. This easement locks in permanent reductions to the amount of groundwater that farmers pump while compensating them at a fair market value for the water savings.

Click here to read more about the Voluntary Groundwater Conservation Act
Let's Check The Markets!
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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 mixed- Choice Beef was up 58 cents and Select Beef was down 57 cents on Friday 08/11/2023.


Click on the Button below for the latest report from USDA Market News

Boxed Beef Report

Oklahoma National Stockyards had 7,151 head as of 9 PM last night. Due to extreme heat the sale will start at 6:30 am. Today is the special Angus Sale at ONSY.


On August 7th- Compared to the previous week: Feeder steers steady. Feeder heifers steady to 2.00 higher. Steer calves 2.00-4.00 higher. Heifer calves 3.00-6.00 higher. Demand very good for all classes. Somewhat lighter numbers as high heat continues. Much of the week will be 100 plus degrees. Quality mostly average, few attractive. S


Click below for the complete closing report.

Oklahoma National Stockyards Market Report from 08/07/2023

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 talks Fridays with our own KC Sheperd with his commentary and is posted on our website-    click here for this past Friday's story featuring Rodenberger's comments.

 

We share a link to it Mondays here in our market section of the daily email.

 

Learn more about Stockman Oklahoma by clicking here.

Listen to KC Sheperd talk with Bob Rodenberger talk about the cattle markets of this past week.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futuresclick below for the latest update on the Livestock and Grain Futures Trade..
Click Here to Listen to Justin's Commentary From 08/11/2023
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.
Read  Cash Grains Report from 08/11/2023
Our Daily Market Wrapup from the Radio Oklahoma Ag Network - analyzing the Futures Markets for that trading day- as reported by KC Sheperd.
Click to Listen to Our Weekday Wrap with KC
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA Market News
Read Report
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
Read Report
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

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.

Cattle Industry Leader Bob Drake sits down and talks with Ron Hays about his lifetime of service in the cattle business. Drake has served as the President of the Oklahoma Cattlemen's Association, the last President of the old National Cattlemen's Association and Vice President of the Oklahoma Farm Bureau.


He loves politics and being a change agent for the cattle producer back up at the fork of the creek. Drake had a front row seat as the Beef Checkoff was approved by cattle producers and he believes it's way past time to find a way to get a second dollar at the national level.


Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.


To hear this podcast, you can click here or tap below:

Listen to Episode 86 with Ron Hays talking with one of the legends in the Beef Cattle Business- Bob Drake of Davis, Oklahoma
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