Oklahoma's Latest Farm

And Ranch News

Tuesday, December 12, 2023

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

 

  • Dr. Amanda Silva Says This Year’s Wheat Wheat Is In Much Better Shape Than Last Year


  • Multi-County Grand Jury Indicts Three in Alleged Illegal Medical Marijuana Conspiracy


  • Livestock Market Economist Derrell Peel Sees Bullish Outlook for 2024 Cattle Markets


  • Beef Export Volumes and Values Well Under Year Ago Levels- Putting a Drag on Export Demand


  • Climate Change and Food Insecurity Put Global Stability at Risk


  • An Update on the 2022 Emergency Relief Program from Plains Cotton Growers


  • Mullin Takes Up Valley Fever Bill for Western Oklahoma



Dr. Amanda Silva Says This Year’s Wheat Wheat Is In Much Better Shape Than Last Year

Farm Director KC Sheperd is talking with Oklahoma State University small grains extension specialist Dr. Amanda Silva about this year’s wheat crop and more.


“We are very excited with this fall forage growth this year, especially as we compare with last year,” Silva said.


Silva said winter wheat in Oklahoma is looking good, as there has been a lot of growth, and cattle are out grazing wheat pasture.


“I haven’t heard much about insect damage or disease problems, so fortunately, our fall forage production has been very good this year,” Silva said.


Last year’s drought hurt forage growth significantly, Silva said, so this year is already looking up, as there have been some good rains. To see this current wheat crop across the finish line, Silva said there will need to be mild temperatures and additional moisture.

Click here to read more and listen to KC  talk with Dr. Amanda Silva about this year’s wheat crop and more

Sponsor Spotlight



Oklahoma Farm Bureau works to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization led by Oklahoma farmers and ranchers, OKFB takes grassroots values and advocates for agriculture at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. Farm Bureau hosts leadership events, supports our state’s agricultural youth and connects consumers with agriculture in order to build a brighter future for our state. Become an OKFB member today online at okfarmbureau.org/join. Together, we are rural Oklahoma.

 

Multi-County Grand Jury indicts three in alleged illegal medical marijuana conspiracy

The Multi-County Grand Jury has indicted three men for a scheme that allegedly enabled non-Oklahomans to illegally obtain commercial licenses for medical marijuana in the state.


Prosecutors allege Kevin Paul Pham, 47, and Alex Shiang Lin Chang, 48, paid Richard Gregorio Ignacio, 36, to serve as a “straw owner” for medical marijuana grow operations in Kingfisher County and elsewhere in the state, effectively serving as a front for out-of-state individuals.


Non-state residents cannot legally be licensed by the Oklahoma Medical Marijuana Authority or registered with the Oklahoma Bureau of Narcotics and Dangerous Drugs (OBN).


The investigation was conducted by the OBN.

Attorney General Gentner Drummond said the charges in the case reflect his office’s commitment to enforcing Oklahoma’s criminal laws against those who allegedly exploit the state’s legalization of medical marijuana.

Click here to read more about the illegal marijuana scheme

Livestock Market Economist Derrell Peel Has Bullish Outlook for 2024 Cattle Markets

In this episode of Beef Buzz, I am talking with Oklahoma State University Livestock Market Economist, Derrell Peel, about the cattle markets.


“We had such a runup in markets, both cash and futures all year, so as we got into the fall, the idea that we would see a correction wasn’t really a big surprise, but what happened was a combination of a futures market correction and then geopolitical events, a bearish cattle on feed report, and it really snowballed in the futures market,” Peel said.


This correction, Peel said, has impacted the cash markets for heavier-weight feeder cattle and fed cattle. As for the reason the futures markets have been hit so hard, Peel said there are a few different factors at play.


“Obviously, the big runup we had was built on a long position, and it is outside money,” Peel said. “It is not really fundamentally based; it is investor-type money. After a runup like that, the idea that they are going to sell off some and take some of those profits out of the market is not a surprise.”

Click here to read more and listen to Ron and Dr. Derrell Peel talk about the cattle markets
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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




Beef Export Volumes and Values Well Under Year Ago Levels

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 the beef trade.


Declining cattle numbers has led to a year over year decrease in beef production and higher wholesale and retail beef prices. Under those market conditions, beef exports are expected to decrease and beef imports should increase…exactly the outcome observed thus far in 2023. The U.S. dollar has remained generally strong against most currencies adding additional headwinds to exports and increasing the import incentives.


The October livestock trade data showed that total beef exports were down 20.5 percent year over year, leading to a year-to-date total that is down 14.9 percent compared to the January-October period last year. Total beef imports for October were up 17.4 percent over one year ago, pushing beef imports thus far in 2023 up 7.9 percent. 


South Korea is the largest beef export market in 2023, with total exports down 17.7 percent for the January – October period compared to last year. Japan is a close second place with total beef exports thus far in 2023 down 21.3 percent year over year. China/Hong Kong is the third largest market, only slightly behind Japan, with year-to-date beef exports down 18.8 percent. Taiwan is the other major Asian market for U.S. beef at the number six place, down 5.5 percent so far in 2023. The Asian markets combined account for 69.2 percent of year-to-date U.S. beef exports.  

Click here to read more from Derrell Peel on the beef trade

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 Tuesday Farm and Ranch News with Ron Hays
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Sponsor Spotlight



Oklahoma AgCredit supports rural Oklahoma with reliable and consistent credit, today and tomorrow. We offer loans for land, livestock, equipment, operating costs and country homes (NMLSR #809962) to farmers, ranchers and rural businesses across 60 counties. As a cooperative, we are owned by the members we serve. Through our Patronage Program, we have returned more than $74 million to our members since 1997.


For more information on our services or to find a location near you, visit our website here.

 

Climate Change and Food Insecurity Put Global Stability at Risk

Climate change and resulting food and nutrition insecurity around the world create numerous challenges for global stability, but investments in agricultural research, development, and technology can help mitigate geopolitical risks, according to a group of experts speaking at COP28 in Dubai.


The increasing frequency of extreme weather events worldwide threatens food production, especially in lower-income countries where large proportions of the population rely on agriculture, and people often have limited capacity to adapt to greater risks. Global hunger and malnutrition have risen significantly in the past few years due to factors including climate change, conflict, and the COVID-19 pandemic, according to the United Nations. Food insecurity is linked to numerous geopolitical risks, including mass migration, radicalization, terrorist threats, and lost economic opportunity, according to a recent report commissioned by Farm Journal Foundation.


“A critical imperative to resolving the climate crisis is enhancing global food security, which is in the U.S. national interest. Food insecurity is fueling instability due to conflict and migration,” said U.S. Senator Ben Cardin, Chairman of the Senate Foreign Relations Committee, who provided the keynote address at the Dec. 9 event. “The U.S. has an abundance of technical resources and advanced best practices that we must continue to share with growers around the world to strengthen food systems and enhance resilience. We have so much to offer. American generosity has been a hallmark of us leadership and the strength and effectiveness of soft power.”

Click here to read about the impacts of climate change and food insecurity on global stability

An Update on the 2022 Emergency Relief Program from Plains Cotton Growers

Late last month, 2022 ERP payments were suspended as USDA began an investigation into the number of applications with an “underserved producer” status and/or change to a standard beneficial interest (SBI) status. That suspension has been lifted and payments are again being issued.


According to Jim Wiesemeyer with ProFarmer, USDA is responding to criticism from Republican lawmakers regarding their management of the Emergency Relief Program (ERP) for 2022 losses. A USDA spokesperson explained that the main issue is a lack of funding from Congress. They stated that Congress allocated only $3.2 billion to cover losses totaling over $10 billion. This funding gap forced USDA to make difficult choices to prioritize assistance for those in greatest need. The spokesperson added that if members of Congress are dissatisfied with these choices, they should advocate for more resources to enable the USDA to fully compensate farmers for their losses.


Plains Cotton Growers CEO Kody Bessent says his group is supportive of the Congressional efforts to fix this- :“Plains Cotton Growers Inc., strongly supports efforts led by the House, Senate and agriculture industry to rectify the recent disparities created by USDA in the implementation of the Emergency Relief Program for the 2022 crop year. USDA is operating on their own accord and against congressional intent in the application of this program, specifically in the newly developed progressive payment factor used to prorate payments inequitably and the biased method used to incorporate producer-paid insurance premiums and fees. Cotton farmers across Texas and the U.S. have been vastly impacted by concurrent events in 2022 brought on by mother nature — this is especially true in the Texas High Plains region. A correctly implemented program by USDA as Congress intended will greatly help the agriculture industry in such times of financial strain and loss. We look forward to continuing the work with Congress to swiftly correct the disparities and inadequacies created by USDA in administrating the ERP for the 2022 crop year.”

Click here to read about the reaction from Congress to ERP

Mullin Takes Up Valley Fever Bill for Western Oklahoma

Today, U.S. Senator Markwayne Mullin (R-OK) was announced as the Senate Republican lead for a bipartisan bill to encourage the prevention and treatment of Valley Fever—a fungal disease endemic to the Southwestern United States. If passed, this legislation would add Valley Fever to the Food and Drug Administration (FDA)’s Tropical Disease Priority Review Voucher (PRV) list.


“Humans and animals in the American Southwest are contracting Valley Fever through fungus that grows in the dirt and soil, costing the U.S. healthcare system $3.9 billion each year,” said Sen. Mullin. “There are few drugs currently available to treat this disease, but PRV programs can help incentivize the development of treatment that will improve health care outcomes, lower costs, and ultimately save lives. I’m glad to join Senator Mark Kelly and Congressman Kevin McCarthy in leading this important bipartisan legislation to improve care options for Western Oklahoma.”


Valley fever infection rates have been steadily increasing since 2014, with Oklahoma’s most prominent cases being in the Oklahoma Panhandle.

Click here to read more about the bill to encourage the prevention and treatment of Valley Fever
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 $2.42 and Select Beef was up $1.64 on Monday 12/11/2023.


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

Boxed Beef Report from 12/11/2023

Oklahoma National Stockyards had 8,500 head on Monday, December 11, 2023.


Compared to last week: Feeder steers are selling 1.00-3.00 higher. Feeder heifers traded fully steady. Steer and heifer calves under 450 lbs

trading 2.00-4.00 higher over 450 lbs 3.00-6.00 lower. Demand moderate. Supply included: 100% Feeder Cattle (60% Steers, 38% Heifers,

3% Bulls). Feeder cattle supply over 600 lbs was 47%


Click below for the complete closing report.

Oklahoma National Stockyards Market Report from 12/11/2023

The Joplin Regional Stockyards had a total run of 8,693 head on Monday December 11, 2023.


Compared to last week feeder steers under 650 lbs. sold 4.00-6.00 higher with heavier weights selling 2.00-4.00 lower. Feeder heifers sold

steady to 3.00 higher. Supply was heavy with good demand.


Click on the button below for details of the trade as compiled by the USDA Market News Service.

Joplin Regional Stockyards Market from Monday 12/11/2023
OKC West in El Reno Cow and Bull Market Report from 12/11/2023- Cows Were Mostly Steady
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 12/11/2023
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 12/11/2023
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!!!!

 

KC Sheperd, Farm Director and Editor


Ron Hays, Senior Farm/Ranch Broadcaster 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.

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Tim West
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KC Sheperd
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Radio Oklahoma Ag Network

405-443-5717

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Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network

405.473.6144
Email Ron