As we continue our coverage from the National Association of Farm Broadcasting this week in Kansas City- Farm Director, KC Sheperd,spoke with Dr. James Mintert about the Ag Economy Barometer. Mintert is a professor and extension economist in the Department of Agricultural Economics and serves as director of the Center for Commercial Agriculture. 

The Ag Economy Barometer goes back to the fall of 2015, Mintert said, and is a monthly phone survey of 400 farmers each month. A different 400 farmers are surveyed each month, Mintert added.

“We have got a big database of farmers we tap into, in fact, if you get a call from us, you shouldn’t get a call again for at least a year,” Mintert said.

The demographics are held constant, Mintert said, as the barometer is based on the U.S. Census of Agriculture and the value of farm production.

“On the crop side, we talk to corn, soybean, wheat, and cotton producers, and on the livestock side, we talk to beef, pork, and dairy producers,” Mintert said.



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Tulsa is set to host the 30th Annual Tulsa Farm show December 7, 8, & 9, 2023

The annual event brings area farmers and ranchers to the SageNet Center at Expo

Square to view the latest in agricultural & ranching technology. Show Sponsor, Oklahoma Farm

Bureau, along with more than 300 exhibitors will feature thousands of agricultural products,

ranching equipment, and services, making the Tulsa Farm Show one of the country’s premier

agricultural events and the largest show of its kind under one roof.

Show Manager, Scott Guttormson tells us, “We are excited to be celebrating the 30th Annual

Tulsa Farm Show this year! This is a great end of year event for area farmers and ranchers, and

exhibitors are eager to get in front of customers. We are happy to have the support of the

Oklahoma Farm Bureau again this year as the official show sponsor. And we e are also excited

to be adding seminars hosted by OSU Extension Services. It’s going to be a great 30th Annual

Tulsa Farm Show!”

Ag producers and ranchers from Oklahoma, Kansas, Missouri, Arkansas, and Texas regularly

make the Tulsa Farm Show part of their end-of-year activities. Attendees enjoy free admission

and plenty of free on-site parking. The SageNet Center is the main expo facility at Tulsa’s Expo

Square, the area’s premier event complex and host of the Tulsa State Fair. The facility is one of

the largest and most versatile exhibit halls in the country, with over 350,000 square feet of

available exhibit space. As one of the largest clear-span buildings in the world, it is well-suited

for big equipment and large exhibits and provides easy access for exhibitors and attendees.

Derrell Peel Predicts More Large Placements in November Cattle on Feed Number

In this episode of Beef Buzz, I am visiting with Oklahoma State University Extension Livestock Marketing Specialist, Derrell Peel, about the recent fluctuation in the cattle markets.

Most of the impacts on the markets, Peel said, are from the futures side.

“Both futures and cash have gone up very sharply for many months, and so from a futures standpoint, you had a lot of long traders sitting on long positions that had a lot of money made on paper,” Peel said.

Peel said he considers what has happened over the last month as a large correction. The October Cattle on Feed report also had an impact, he added.

“The bigger-than-expected placement number kind of took the market by surprise, so we continued running it down,” Peel said. “It does have an impact on cash markets, so we have seen bigger feeder cattle prices come down- the ones that sort of match the feeder futures contract."

Dr. Peel says everything points to at least one more month of large placements versus a year ago- we will be reviewing the report with him once released this afternoon- and we will feature that story in our Monday email

That Cattle on Feed report will be out this afternoon- from DTN- here are the pre report estimates:

November 1 On Feed- Average Estimate- 102.1%

Range of Guesses- 101.4-102.6%

Placements- Average Guess- 107%

Range of Guesses- 102.7-108.1%

Marketings-Average Guess- 98.1%

Range of Guesses 97.2-98.5%

According to the latest Oklahoma drought monitor report, exceptional drought remains at zero percent, unchanged from the past three months.

Extreme drought or worse remains at 1.16 percent, unchanged from last week.

Severe drought or worse remains at 13.68 percent, unchanged from last week.

Moderate drought or worse has worsened just slightly at 36.34 percent, up from last week’s 35.81 percent.

Abnormally dry or worse conditions are now at 55.65 percent, up from last week’s 50.39 percent.

According to the 6-to-10-day precipitation outlook map, the entire state of Oklahoma is leaning below a 33 to 40 percent chance of precipitation through November 25.

The National Cattlemen’s Beef Association (NCBA) praised Congress for passing a government funding package that includes a one-year extension of the 2018 Farm Bill through September 30, 2024, and extends the Livestock Mandatory Reporting program until January 19, 2024.

“NCBA is thankful for Congress passing legislation extending critical programs that farmers and ranchers across the country depend on. These extensions give much needed certainty to cattle producers and NCBA will continue engaging with Congress and the Biden Administration as they work to deliver a long-term Farm Bill, as well as a clean reauthorization of Livestock Mandatory Reporting,” said NCBA President Todd Wilkinson, a South Dakota cattle producer. “With so much work still left to do, I urge President Biden to swiftly sign this continuing resolution.”

Click on the links in the blue buttons below for more reactions released on Thursday from the National Corn Growers and the American Farm Bureau.