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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.
149 head of cattle on their showlist for the Wednesday,
September 26th sale of finished cattle - click here
to jump to the website.
OKC West sold cows on Monday for mostly steady to 1.00 higher and bulls 2.00 to 3.00 lower compared to a week ago- click here for the full report from USDA.
It was another week of good demand at the Oklahoma National Stockyards with 5,700 of estimated receipts- prices were steady to a little higher- click or tap here for the full midsession report from Monday.
Joplin Regional Stockyards shows Monday receipts at 5,007- Compared to last week, steer and heifer calves 3.00 to 5.00 lower, except steer calves under 400 lbs steady, yearlings steady to 4.00 lower. Click here to check out their complete Monday Market info.
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
Tuesday, September 25, 2018
Corn, Soybean Harvest Still in Early Stages While Wheat Planting Over a Quarter Complete in Oklahoma
The latest USDA Crop Progress report, released Monday, September 24, 2018 showed again only marginal change in the condition of both the corn and soybean crops this week as harvest season progresses, while winter wheat planting continues to advance slightly ahead of the normal pace.
Click or tap here
to review more highlights from the latest USDA Crop Progress report as released on Tuesday September 24, 2018.
, winter wheat planted reached 27 percent, up 12 points from the previous year and up 5 points from normal. Corn harvested reached 35 percent, up 5 points from the previous year. Sorghum harvested reached 20 percent, down 6 point from the previous year. Cotton harvested made the board this week coming on at 1 percent complete, unchanged from the previous year but up 1 point from normal - click here
to review the complete Oklahoma Crop Progress Numbers.
According to this week's Kansas
Crop Progress report- winter wheat planted was 21 percent, ahead of 13 last year and 16 for the five-year average. Emerged was 5 percent, near 3 both last year and average. Corn harvested was 30 percent, near 28 last year and 27 average. Soybean harvested was 2 percent, near 5 last year, and equal to average. Sorghum harvested was 6 percent, equal to both last year and average- click or tap here
to check out the entire report on Kansas crop conditions as of September 23rd.
, winter wheat seeding continued in the Low Plains, while wheat producers in the Cross Timbers were waiting for dryer conditions to start seeding. Torrential rains in the Blacklands may necessitate re-seeding of small grain fields in areas with the highest impact from the heavy rainfall. Meanwhile, cotton bolls were opening in the Northern High Plains and defoliation was taking place in the Southern Low Plains. Wet weather halted row crops harvest in many areas of the state. Click or tap here
to read the latest Texas Crop report released this week.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
Hopes of an on-time farm bill are diminishing as lawmakers now have less than a week to finish a bill, get it passed by both chambers again, and on the President's desk for signature. The current farm bill expires September 30th, and the conference committee still must agree on changes in the conservation programs of the farm bill and the nutrition title.
Top agriculture lawmakers don't seem to be concerned, but farm groups are sounding the alarm bells as Congress runs out of time. Senate Agriculture Committee leadership last week said the real deadline that would impact farmers is in December. But, many programs would be left in limbo regarding funding. For instance, mandatory funding is available for conservation programs, but without a farm bill, the Department of Agriculture's authority to operate the programs expires. The bill's Foreign Market Development program, deemed critical to developing new trade markets, could also lose funding. Lawmakers have yet to make any serious considerations towards extending the current farm bill to allow Congress time to deliver the next.
Kevin Skunes, president of the National Corn Growers Association spoke to these concerns, addressing the top ranking officials on both the House and Senate Ag Committees in a letter calling for the Committee Chairmen and their ranking members to adopt a sense of urgency in their efforts to pass the bill before they depart from DC to concentrate on midterm elections.
"Members of Congress have just a few days to come together and reach agreement on a bipartisan farm bill. There is no good reason this task can't be completed," Skunes said. "Farm income forecasts remain low and farmers have been negatively impacted by trade tariffs and retaliation. A new farm bill would go a long way in providing some certainty during these challenging times."
You can read Skune's entire letter to the Congressional leaders, by clicking here.
The escalating trade war between the U.S. and China continues to pose long-term harm for U.S. soybean farmers. The American Soybean Association says recent decision by the Trump administration to impose ten percent tariffs on an additional $200 billion in Chinese imports-and China's subsequent retaliation on $60 billion of U.S. products-deepens and prolongs the trade war between the two countries, posing even more adverse consequences for American soybean farmers.
ASA points out that since June, the price of U.S. soybeans at export terminals in New Orleans has dropped 20 percent, from $10.89 to $8.68 per bushel. Farm-gate prices have fallen even further. During the same period, the premium paid for Brazilian soybeans has increased from virtually zero to $2.18 per bushel, or $80 per metric ton.
ASA has urged the Administration to quickly end trade disputes, reconsider joining the Trans-Pacific Partnership, and has asked Congress to double funding for the Foreign Market Development and Market Access Programs for export promotion activities.
Click here to jump to the original story on our website to read more.
The USDA released its Cattle on Feed report for September 1, 2018 on Friday afternoon of last week. On, Monday, OSU Extension Livestock Market Economist Dr. Derrell Peel offered his analysis of the numbers in this month's report, which he says came in a little higher than most expected but certainly not as surprise. Overall, Peel says the report is in line with the trend that has been developing over the last several of these reports indicating a growing supply of cattle coming into the pipeline that will need to be processed.
The latest Cattle on Feed report showed a September 1 feedlot inventory of 11.125 million head, a six percent increase from one year ago and a record for the month since the current data series began in 1996.
According to Peel, lightweight placements dominated total feedlot placements in this report and have since May. In the last four months, placements of cattle under 700 pounds has been up 13.2 percent year over year, while placements weighing over 700 pounds were down 1.0 percent year over year. Peel says, lightweight placements since May will result in lighter and later fed marketings and may contribute to relatively tighter fed cattle supplies for the remainder of the year.
Peel also reports that total cattle slaughter is up 3.2 percent for the year to date, led by aggressive female slaughter. As of this month's report, beef production is on track to reach a record level of 27.1 billion pounds in 2018, up 3.6 percent year over year. For the year to date, beef production is up 3.0 percent year over year but is expected to be about four percent larger in the fourth quarter compared to last year.
to read Peel's full analysis, published in this week's Cow/Calf Corner
newsletter or listen to our complete conversation to hear him break down the numbers himself, on yesterday's Beef Buzz.
Oklahoma Beef Council Update
For the month of September, the Oklahoma Beef Council is running an online Beef Quality Assurance challenge for all Oklahoma beef producers who receive their national BQA online certification.
Producers will be entered to win prizes including ball caps and four ($100) winners and one grand prize winner of $500.00. Don't wait until last minute, but sign-up today at the BQA website and complete your certification by 9/30/2018 to be entered to win.
Oklahoma State Climatologist Gary McManus reported Monday that between 6:25 a.m. on September 21 through 6:20am on September 22, 14.48 inches of rainfall was recorded at the Oklahoma Mesonet site at Fittstown. This measurement broke the previous record for the Mesonet's all-time daily rainfall totals between Jan. 1, 1994 through Sept. 24, 2018. McManus says that while 14.20 inches is a "massive" amount of rain for a daily total, it still falls short of the historical state record of 15.68 inches that fell in Enid on Oct. 11, 1973. It did place second on the list, however. click here.
This measurement is also different from the "24-Hour Total" that fell in that area that day, which was 14.48 inches from 6:25am on Sept. 21 through 6:20am on Sept. 22. That is the new 24-hour record for the Mesonet as well, beating Burneyville's 12.89 inches from Burneyville from April 29-30, 2009.
"And of course the rain didn't stop there," McManus added. "If we look back at the 4-day rainfall map, just to make sure we capture everything as it continued to fall, we see Fittstown ended that 96-hour period with 15.81 inches of rainfall."
For a more detailed look at the rainfall totals in McManus's report or to review his full report from the Mesonet Ticker,
President Trump signed an updated United States-Republic of Korea Free Trade Agreement, known as KORUS, Monday.
Ag Secretary Sonny Perdue says of the agreement that it adds to the "the momentum building for President Trump's approach to trade." In his statement, Perdue says that he is optimistic "the dominoes will continue to fall," referring to the North American Free Trade Agreement, and new agreements with the European Union, Japan and even China. The new KORUS agreement is a "better deal for the entire United States economy, including the agricultural sector," according to Perdue.
The White House says the agreement is a sign that President Trump has "fulfilled his promise" to fight for American workers and businesses in an amended trade deal with South Korea.
Kevin Kester, president of the National Cattlemen's Beef Association, made his own statement applauding Trump's action to modernize US trade relations with South Korea.
"Less than a decade ago, U.S. beef exports to South Korea were severely limited by a 40 percent tariff and a host of non-tariff trade barriers," he stated. "KORUS tore down those barriers, helping turn South Korea into a leading destination for U.S. beef. In fact, exports to South Korea accounted for over $1 billion annually over the last two years. We applaud President Trump for his leadership in improving KORUS for other sectors and we know that a modernized KORUS agreement will allow U.S. producers to continue focusing on what we do best: Providing safe, high-quality beef for Korean families to enjoy."
|OSU's Ronald Cox, Jr. Awarded Top Honors from USDA/NIFA in Extension Excellence and Diversity
Recognizing visionary leadership and diversity in educational programming, the U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA), Cooperative Extension, and the Association of Public and Land-grant Universities (APLU) today announced that Lesia Oesterreich from Iowa State University will receive the 2018 Excellence in Extension Award and Ronald Cox, Jr., from Oklahoma State University will receive the National Extension Diversity Award. Both awards, along with Regional Excellence in Extension Awards, will be presented at a ceremony on Nov. 11 in New Orleans, Louisiana during APLU's 131st Annual Meeting.Click here to learn more about these recipients- and how they have excelled at their respective land grant institutions.
"NIFA is proud to support the national network of Extension experts and educators through our land-grant institution partnership, said NIFA Acting Director Tom Shanower. "This collaboration brings science-based knowledge to farmers, ranchers, and community members to help them grow their businesses, raise healthy families, and support their communities."
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