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sold feeder steers 3.00 to 5.00 higher and feeder heifers traded 1.00 to 3.00 higher on Wednesday compared to last week's sale - click or tap here
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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
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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
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Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, September 13, 2018
USDA Pegs Corn, Soybean Production Above Trade Estimates- OK Crops Mostly Larger Than in 2017
The Oklahoma September First Crop Production numbers were released by USDA on Wednesday, September 12th. Compared to a year ago, a smaller Oklahoma Cotton Crop is forecasted, in addition to a smaller corn crop, about the same number of grain sorghum bushels compared to 2017 and a slightly larger soybean crop in the state.
According to NASS, Oklahoma's Upland Cotton production is predicted to total 950 thousand bales, 7 percent lower than 2017. Yield averaged 800 pounds per acre, compared with 882 pounds last year. Acreage harvested, at 570 thousand acres, is up 2 percent from last year. If this number of harvested acres is correct- that will mean approximately 210,000 acres of cotton planted this spring will end up being abandoned.
Oklahoma sorghum production totaled 15.05 million bushels, down 3 percent from last year. Yield averaged 43 bushels per acre, down 10 bushels from the previous year. Acres harvested, at 350 thousand acres, are 17 percent higher than 2017.
The September Crop Production report for the US also indicated the national numbers for corn and soybeans were both above trade expectations. USDA says Corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. If realized, this will be the highest yield on record for the United States. Soybean production is forecast at a record 4.69 billion bushels, up 2 percent from August and up 7 percent from last year.
click over to our website.
The USDA also released this month's World Agricultural Supply & Demand Estimates report, on Wednesday. To view it or the complete Crop Production report,
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US Beef Export Numbers Paint a Picture of a Robust Demand Environment in the Global Marketplace
This past week, the US Department of Agriculture released the latest US beef export numbers, compiled in a report by the US Meat Export Federation. On first glance, the numbers look pretty good. However, Jim Robb of the Livestock Marketing Information Center says that is an understatement, asserting that the numbers in this report for July are really quite robust with stronger results than anticipated.
"Overall, on a tonnage basis, US beef exports were up 17 percent for the month compared to a year ago for July. That's pretty robust," he said. "We had South Korea year-over-year up 61 percent and Mexico up 17 percent- but this was the best month in the last 46 months in sales to Mexico on a tonnage basis. And, we had Japan up 13 percent. Also, in the international marketplace, prices have been at or slightly above a year ago."
Robb says when you put that all together in terms of a demand perspective, that implies a robust demand environment- quite the contrast with the lackluster numbers on the pork and poultry side that is beginning to show weakness under the pressure of the ongoing international trade spats. Robb believes that fundamentally, demand for quality US beef is the driving force behind this burgeoning momentum. Perhaps not immediately, but Robb contends that this sets a stage for a marketplace that can help fed cattle markets rebound from current levels.
"We think so. We're watching as we look ahead to the second half of 2019, which is a ways down the road, to the worldwide economic growth and that will be one of the keys to sustaining these levels," Robb said. "In fact, at the LMIC, we raised our third quarter export higher."
Listen to Robb's analysis of the current beef export market based on the latest USDA numbers, on yesterday's Beef Buzz - click here.
| AFR in Washington Taking Part in NFU Fly In- Talking Farm Bill, Trade and More
A delegation(led by AFR President Terry Detrick) representing the American Farmers and Ranchers is in Washington this week, taking part in the 2018 National Farmers Union Fly In, where some 400 ag producers are on the ground in Washington- preparing to talk to the members of Congress about the need for a farm bill sooner rather than later.
Wednesday morning, the group heard from several Trump Administration officials- including Ag Secretary Sonny Perdue and Ag Trade Rep Gregg Doud. Perdue emphasized the need for a strong farm safety net and diverse trade partners for U.S. agricultural producers. He also reiterated his support for expanded work requirements to qualify for food assistance benefits in the farm bill.
The Afternoon session found the NFU Fly In hearing from several lawmakers on both sides of the aisle- and AFR's Sam Knipp got a few moments with Iowa Republican Senator Charles Grassley. The Senator expressed his frustration with the trade war- but adds that he understands what the President is trying to do and agrees with him in the need to address the issues we have in trade with China. Grassley adds that if the President can prevail- farm prices will improve.
Click or tap here to read more- and to listen to Sam talk with the Senior Senator from Iowa.
By the way- AFR will be spending their Thursday in Washington talking with the Oklahoma Congressional delegation.
| Association of Equipment Manufacturers Report Positive Ag Tractor and Combine Sales in August
Farmers and ranchers purchased more combines and tractors last month according to the latest data from the Association of Equipment Manufacturers. The latest monthly report shows tractor sales were up 14 percent in August, compared to the same period last year, and combine sales were up 23 percent for the month.
Two-wheel- drive tractors under 40 horsepower sales increased 19 percent compared with August of last year, and large four-wheel-drive tractor sales were up 17 percent. So far this year, for the eight months in 2018, a total of 164,500 tractors were sold which compares to 152,000 sold through August 2017 representing an eight percent increase for the year.
Meanwhile, sales of combines for the year total just more than 3,000 compared to 2,400 in 2017, a 24 percent increase.
Jump to the original webstory and review the complete report, by clicking or tapping here.
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| Farm, Ethanol Groups Urge President Trump to Restore Integrity to RFS, Allow Year-Round E15 Sales
Farm groups penned a letter to President Trump Wednesday urging the administration to allow E15 sales year-round. The groups also expressed concern that any benefit from year-round E15 sales and proper implementation of the Renewable Fuel Standard could be nullified if refiners are given further regulatory bailouts that undercut the spirit and intent of the law.
The letter follows comments made by Agriculture Secretary Sonny Perdue last month at the Farm Progress Show that an announcement on the RFS and E15 would be coming soon. The letter also notes that ethanol prices, RIN credit prices, and ethanol profit margins are falling, as small refiner exemptions issued by EPA have reduced ethanol demand and inflated stocks.
The letter was signed by the American Farm Bureau Federation, National Corn Growers Association, National Farmers Union, National Sorghum Producers, American Coalition for Ethanol, Growth Energy, and the Renewable Fuels Association.
Click here to read more or to view the letter in its complete form.
OSU's Glenn Selk Highlights the Health Benefits of Weaning Calves Early for Your Young, Thin Cows
In this week's "Cow Calf Corner" newsletter, OSU's Glenn Selk explained how weaning calves early can provide young, thin cows a boost in their health and body score. According to Selk, often times many two-year-old cows and even some three-year-old cows will be in marginal body condition at the end of summer unlike more mature cows that can better withstand the pressures of nursing.
"They have a nutrient requirement for continued growth and in the case of the two-year-old, they are replacing baby teeth with adult teeth and are not as effective at harvesting forage," he writes. "Therefore, many of these young cows go into the fall season in a body condition score of 4 to 5 or less."
Selk says that if a rancher waits until late October to wean calves on these younger cows, there is typically very little time between then and the first killing frost when a young cow could recover considerable body condition if ample forages are still accessible. Based on a South Dakota State study, Selk explains that weaning up to 40 days earlier will allow a marginal cow to regain as much as half of a body condition score before going into winter. In addition, early weaned cows are also likely to have enhanced reproductive performance the following season. Providing a small amount of supplemental protein to the cows' diet will also help them better utilize late season forages which improves your operation's cost-efficiency too.
Continue reading about the benefits of weaning your fall calves early, by clicking here
to jump to the original article.
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|This weekend, Dr. Barry and Roxanne Pollard
will host Pollard Farms' 21st Annual Female Production Sale & Mature Cow Herd Dispersion- Noon on Saturday, September 15, 2018 at the Ranch near Waukomis, Oklahoma.
During the sale, 350 head will sell as 250 lots featuring Pollard's youngest and freshest genetics as well as every 2014 born and older non-partnership female in the Pollard herd and over 50 2015 born cows. A select group of show heifer prospects, proven donors and spring and fall-calving heifers and cows that are "bred for the backdrop" will also be featured. Sale catalogs available upon request and online at pollardfarms.com
. Videos of many of the animals to be sold Saturday are also now on the website as well. For more information including driving directions, click over to the calendar page
on our website.
|Our thanks to Midwest Farms Shows, P & K Equipment, Livestock Exchange at the Oklahoma National Stockyards, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the 2018 State Fair of Oklahoma, 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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