Oklahoma's Latest Farm

And Ranch News

Tuesday, September 5, 2023


Coming Wednesday- Superior Livestock's Labor Day Auction 2023

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

 

  • Dr. Jayson Lusk Discusses Big Goals and High Expectations for OSU Agriculture


  • September Weather Outlook Looks Hot and Dry


  • USDA Forecasts 23% Drop From 2022 Farm Income Levels


  • Two-day Cattlewomen’s College Planned This Fall for Oklahoma Panhandle


  • NCBA’s Jennifer Nealson Emphasizes Consumers’ Positive Experience With Beef


  • Oklahoma Beef Invites You to be a Part of Steak and Grape


  • Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage

Dr. Jayson Lusk Discusses Big Goals and High Expectations for OSU Agriculture

Recently, I had the chance to chat with the new Dean and Vice President of the Division of Agricultural Sciences and Natural Resources at Oklahoma State University, Dr. Jayson Lusk. Hays and Lusk talk about Lusk’s return to OSU after several years and his priorities going forward.


Lusk said there were a number of factors that pulled him back to OSU.


“One is just the importance of agriculture in this state, and the ability to have an impact on students,” Lusk said. “Really strong enrollment growth in the college of agriculture that attracts students from all over the country. Moreover, the importance of agriculture to the university is clear. The university’s strategic plan really highlights important parts of agriculture that they see as important to the future of the university.”


Lusk said that on the priority list for the President of OSU, Dr. Kayse Shrum, is investing in extension. Dr. Shrum’s interest in the integration of health and agriculture, Lusk said, is a new opportunity for the ag college.


“I look forward to working with her in a partnership that I think is fairly unique even when you look across land grand universities that have a president that really has this focus on agriculture,” Lusk said.

Click here to read more and listen to Dr. Lusk about his priorities for OSU agriculture
Sponsor Spotlight



Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.


The Tulsa Farm Show is Oklahoma’s premier agricultural and ranching event- and returns to the SageNet Center (Expo Square) December, 7-8-9, 2023. 


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.

September Weather Outlook Looks Hot and Dry

September has arrived, and with it, is hot and try weather, according to State Climatologist Gary McManus.


“The heat and dry weather roared back with a vengeance, however, and flash drought erupted for the second consecutive summer," McManus said.


This week’s drought monitor shows how triple digit temps and very few rain showers have impacted the state so far.


“Only 13 percent of the state was in drought on August 8, according to the U.S. Drought Monitor, contained entirely in small patches across far southwestern and north-central Oklahoma," McManus said. "That amount had increased to 36 percent in just three weeks’ time, and the percentage of the state in at least severe drought rose from 6 percent to 20 percent over that period. The entirety of that increase occurred in the southern half of the state where some Oklahoma Mesonet sites had gone as many as 53 days without a quarter-inch of rain in a single day. The flash drought left much of southern Oklahoma with flagging soilmoisture, dead and dormant vegetation, and critical wildfire conditions.”

Click here to read more on the September weather outlook in Oklahoma with Gary McManus

USDA Forecasts 23% Drop From 2022 Farm Income Levels

USDA’s most recent Farm Sector Income Forecast, released Aug. 31, dropped net farm income expectations for 2023 lower than initial February estimates to $141.3 billion, down 23% from 2022’s $183 billion. This $41.7 billion decline nearly erases the $42.9 billion increase that was forecast between 2021 and 2022 but is smaller than the $46 billion gain between 2020 and 2021 following the COVID-19 pandemic. When adjusted for inflation, net farm income, a broad measure of farm profitability, is expected to decrease $48 billion (25.4%) in 2023. The forecast also shows farm and ranch production expenses continuing to increase, rising by $29.5 billion (7%) in 2023 to $458 billion, following a record increase of $56 billion in 2022.


It is important to note USDA finalized net farm income for 2022, which has been forecasted until this release. In February, USDA had estimated 2022 net farm income at $162.7 billion, a 16% increase over 2021. This was adjusted to $183 billion, a 31% increase over 2021. USDA made upward revisions to cash receipts received in 2022 by over $6 billion and downward revisions to production expenses over $12 billion, explaining much of the difference.


Direct government payments are estimated to decrease by $3 billion, or 19%, between 2021 and 2022 to $12.6 billion. This marks the third consecutive decrease in government payments for producers since the peak of the COVID-19 pandemic in 2020 but is higher than the $10.2 billion in payments forecasted in February. The decrease corresponds to near total reductions in both USDA pandemic assistance, which included payments from the Coronavirus Food Assistance Program and other pandemic assistance to producers, and non-USDA pandemic assistance programs, such as the Small Business Administration’s Paycheck Protection Program. Ad hoc and supplemental program payments, which include payments from the Emergency Relief Program (ERP), Quality Loss Adjustment Program and other farm bill designated-disaster programs, are expected to decrease from $11.3 billion to $7.4 billion, a 34% decline.

Click here to read the full article from AFBF on farm income levels.
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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


Two-day cattlewomen’s college planned this fall for Oklahoma Panhandle

Oklahoma State University Extension will host the Panhandle Cattlewomen’s College Oct. 4-5 at the Beaver County Fairgrounds in Beaver, Oklahoma.


The event is designed for all cattlewomen in the beef industry and features two days of networking, informative workshops and hands-on demonstrations in the areas of:


  • Native grass stocking
  • Wildlife management
  • Farm-to-form beef production
  • Expected progeny difference for beginners
  • Calving 101
  • Body condition scoring
  • Risk management
  • Tail bleeding
  • Vaccinations
Click here to read more information about the Panhandle Cattlewomen’s College

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 latest Farm and Ranch News for Tuesday with Ron Hays
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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 bever 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.

NCBA’s Jennifer Nealson Emphasizes Consumers’ Positive Experience With Beef

In this episode of Beef Buzz, I am featuring a “best of” edition, visiting with the senior vice president of global marketing and research at the National Cattlemen’s Beef Association, Jennifer Nealson, about beef promotion.


With tighter supplies and higher prices, Nealson said one of the efforts the Beef Checkoff has focused on is teaching consumers how they can stretch their dollar and do more with the beef they purchase at the grocery store.


“The strategy we are deploying now is to help people understand how you cook beef once and serve it twice, and also beginning to reduce the barriers to entry,” Nealson said. “I think when you have higher prices, people are less likely to buy because they are worried they don’t know how to cook it.”


Nealson said more content is being released to help people choose what to buy at the supermarket and prepare it properly. A big message being pushed, Nealson said, is that beef can be cooked for more than just special occasions.

Click here to read more and listen to Jennifer Nealson talk about beef promotion and marketing

Oklahoma Beef Invites You to be a Part of Steak and Grape

The Oklahoma Beef Council will host the second annual Steak & Grape wine pairing event on Friday, September 15th at Will Rogers Theater in Oklahoma City. As of today- there are still just a few tickets left!


The beneficiary of this year’s event is Pepper’s Ranch, Oklahoma’s premiere foster care community in Guthrie, Oklahoma. Located on 240 serene acres near Guthrie, Oklahoma, Pepper’s Ranch is home to Oklahoma’s premiere trauma trained foster families and serves 125-150 youth each year from within the child welfare system.


Peppers Ranch seeks to break the cycle of child abuse and neglect through a neighborhood of loving homes, counseling, and growth-oriented activities Their safe and nurturing community inspires and equips each child to break the cycle, reach their full potential, and become productive citizens of society.


The support of the attendees of the Oklahoma Beef Council’s Steak & Grape event will allow Peppers Ranch to continue to pour into Oklahoma’s youth and families together building a stronger, healthier Oklahoma for all. Steak & Grape will feature a four-course meal of beef expertly paired with robust wines. 


The night will also feature an opportunity to further support Pepper’s Ranch through a live auction with offerings of incredible trips, original artwork and BEEF! 



On behalf of Oklahoma’s beef farming and ranching families, the Oklahoma Beef Council is honored to have your support at this event and in this opportunity supporting Oklahoma foster youth.

Jump Over to the Oklahoma Beef Council Website to learn more about Steak and Grape- and the Link to Buy Your Tickets!

Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage

Prolonged drought and record heat are threatening soybean yields in several key growing states across the Midwest. With most of the soybean crop still in the critical pod-setting phase that depends on moisture in August, persistent dry conditions are lowering yield projections and raising concerns about the availability of supplies.


Scouts participating in the recent Pro Framer Crop Tour found sporadic and highly variable yields for both corn and soybeans, especially across the western Corn Belt. Record high temperatures and dry conditions in August have negatively impacted both crops. At this stage of the growing season, yield loss due to ongoing heat stress is a much greater risk for soybeans than for corn. 


According to a new research brief from CoBank’s Knowledge Exchange, soybeans have a much tighter supply situation than corn due to the loss of planted acres. USDA estimates soybean planted acreage fell 4.6% year-over-year this spring to the lowest level since 2020.


“If hot and dry conditions in the Midwest continue and yield loss for soybeans increases, the U.S. soybean supply will tighten further, resulting in stronger interior cash basis and lower exports,” said Tanner Ehmke, lead grains and oilseeds economist for CoBank.

Click here to read more from CoBank about how dry conditions have impacted the soybean crop

OSU’s Derrell Peel- Cattle Prices March Higher…and Higher

Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry as part of the weekly series known as the “Cow Calf Corner” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about sharply higher calf and yearling cattle prices seen over the last several months.


Feeder cattle prices have increased sharply in 2023. Figure 1 shows the increase in Oklahoma combined auction feeder prices that started in late 2022. In the last four weeks, prices for lightweight calves and stockers under 600 pounds have averaged about 45 percent higher year over year, with heavier feeder cattle prices up slightly less, from 37 to 40 percent over last year. 


Cattle prices are trending higher in response to ever tightening cattle and beef supply fundamentals. The beef cow herd on January 1, 2023 was the lowest since 1962 and is still getting smaller. The projected 2023 U.S. calf crop is 2.5 million head smaller than the recent peak in 2018 and leads to an estimated July 1 feeder cattle supply down 3.6 percent year over year and the smallest since 2017.  Feedlot inventories have been smaller year over year since September 2022. Cattle slaughter is down 3.9 percent so far this year, leading to a 4.9 percent year over year decrease in beef production for the year to date. 


Click here to read the entire analysis from OSU's Dr. Derrell Peel
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.
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.
Hear Today's First Look

Wholesale Boxed Beef Prices were higher- Choice Beef was up 70 cents and Select Beef was up $1.04 on Friday 09/01/2023.


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

Boxed Beef Report

Weekly Cattle Auction Reports


The buttons below allow you to check out the weekly Cattle Auctions in the region that we post on our website and here in our daily email update.


NOTE- Markets that operate on Mondays were off this week for the Labor Day Holiday.


Oklahoma National Stockyards Market Report from August 28, 2023
Tulsa Stockyards on Monday August 28, 2023
Joplin Regional Stockyards Market from Monday 08/28/2023
OKC West in El Reno Market Report from 08/29 and 08/30/2023
Woodward Livestock Market Sale from 08/31/2023
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 09/01/2023
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 09/01/2023
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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We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
Head to Our Website OklahomaFarmReport.Com
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Radio Oklahoma Ag Network

405.473.6144
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