Oklahoma's Latest Farm

And Ranch News

Tuesday, January 16, 2024

Ag Futures Resume After Holiday- Wheat & Soybeans Higher- Corn & Cotton Lower

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

  • OSU Livestock Judging Team Adds National Western Title to Cattlemen’s Congress Win From Earlier this Month

  • Superior Livestock Sees Growth in Cattle Sold and Value-Added Programs in 2023

  • Farmer Protests in Germany Growing

  • Noble “Essentials” Courses Deliver New Ideas and Practices Plus a Regenerative Network

  • Winter Hay Situation with OSU’s Derrell Peel

  • Individuals Can Earn While They Learn in the RCIS Apprenticeship Program

  • Prop. 12 Now in Full Effect; NPPC Continues to Look for Solutions

  • Digging Deeper for Farmland Tax Deductions

OSU Livestock Judging Team Adds National Western Title to Cattlemen’s Congress Win From Earlier this Month

For the second time in January- the Oklahoma State University Livestock Judging Team was named the Champion Team at the 2024 National Western Stock Show. Earlier in January- they were named the Champions at the 2024 Jarold Callahan Memorial Livestock Judging Contest at the Cattlemen’s Congress. Click here for our story from Congress about the Cowboys taking the championship.

In Denver- the OSU team bested Texas A&M by 55 points to claim top honors. OSU was led by Ashlyn O’Brien who came to Stillwater from Ohio by way of Butler Community College- she was the high individual overall at the NWSS- besting teammate Braylon Spears by three points. She matched her score in Denver that she racked up in Oklahoma City a few days earlier- 942- that earned her a fourth place finish at Cattlemen’s Congress- she was the high individual on the team for the second contest in a row. Spears also duplicated his score in both the Oklahoma City and Denver contests.

OSU Coach Parker Henley says in a Facebook post that OSU wants to thank the staff at both the Cattlemen’s Congress, and the NWSS, for putting on high quality contests.

Click here to see the complete results of the National Western Collegiate Livestock Judging Contest

Sponsor Spotlight

National Livestock was founded in 1932 in Oklahoma City. National’s Marketing Division offers cattle for sale weekly at the Oklahoma National Stockyards in Oklahoma City. The Finance Division lends money to ranchers across several states for cattle production. The Grazing Division works with producers to place cattle for grazing on wheat or grass pastures. 

The newest addition to the National Family is Dakota Moss- and Livestock Risk Services.

National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation’s premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today’s producer. To learn more, click here for the website or call the Oklahoma City office at 1-800-310-0220.


Superior Livestock Sees Growth in Cattle Sold and Value-Added Programs in 2023

At the 2024 Superior Livestock Bellringer Sale held live in Oklahoma City last week, I caught up with the President of Superior Livestock, Danny Jones, and talked about the year 2023 and what 2024 holds for the cattle industry and Superior.

This year’s Bellringer Sale has been a success, Jones said, and about 110,000 cattle were included in the sale. The year of 2023 was also a big success for Superior Livestock, Jones added.

“It has been the third year in a row we have had significant growth,” Jones said. “We were up 205,000 cattle in 2023. In a year that had fewer cattle to be sold, we had a nice increase.”

Superior has not only seen growth in the number of cattle sellers and buyers who are willing to utilize an online sale, but also in the value-added programs.

“The programs started as kind of a niche market, but it has turned into a bigger deal,” Jones said. “As the programs have grown, obviously you are going to go specifically after those program dollars, then you have to put them in front of an audience where all those buyers can find those cattle. At Superior Livestock, we feel like we do a good job of accomplishing that for our customers.”

Click here to read more and listen to Danny Jones talk about Superior Livestock

Farmer Protests in Germany Growing

German farmers are pushing back against increased government regulations and taxes with massive protests and tractor convoys across the country that have been going for a week. The protests have moved from the major highways to now into that country's capitol- Berlin.

The proverbial last straw was the plan to eliminate the diesel fuel tax refund and increase taxes on machinery as the government struggles to fill a huge budget shortfall.

In search of money to fill the budget gap, it was decided (as of January 9, 2024) that the tax refund for diesel in the agricultural sector will no longer be paid. Furthermore, a tax should be levied on all agricultural equipment. The plan by the government will sharply escalate costs for farmers and make them unable to compete with food producers in other European countries. German farmers feel that this plan is a continuation of the government’s war on food and farms.

A really good overview of what has happened across Germany as farmers have turned out by the thousands is online- published by the Tri State Livestock News- click here to read it.

Noble “Essentials” Courses Deliver New Ideas and Practices Plus a Regenerative Network

Farmers and ranchers share what they learned in Noble’s first year of regenerative courses as the initial 2024 class offerings are announced, starting with New Braunfels, Texas, this February.

As Noble Research Institute expands its educational programs this year, with a wider range of regenerative courses delivered across several states in the Southwest, Midwest and Great Plains, we wanted to share what participants are saying about the first two courses in the curriculum.

In 2023, farmers and ranchers attended the two-day Essentials of Regenerative Ranching course in Oklahoma and Texas and the three-day Essentials of Regenerative Grazing course offered in Ardmore and Miami, Oklahoma, both debuting that year.

There will be two courses held in Oklahoma. The first is an Essentials of Regenerative Ranching Course on April 3-4, 2024, in Edmond, OK, and the second is an Essentials of Regenerative Grazing Course on April 16-18, 2024, in Ardmore, OK.

“We’re pleased to be expanding our geography to reach people interested in regenerative ranching in Arkansas, Kansas and Missouri, with plans to offer courses in the Dakotas as well,” says Hugh Aljoe, director of ranches, outreach and partnerships at Noble. In addition, he says to watch for news of new course topics and locations during the year.

Click here to read more, see more course dates and to register
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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

Winter Hay Situation with OSU’s Derrell Peel

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 hay production.

The Crop Production 2023 Summary recently released by USDA included data on hay production and December 1 hay stocks. All hay production in the U.S. was 6.3 percent higher year over year from drought-reduced production in 2022 but was 7.8 percent below the 10-year average from 2012-2021.  Total alfalfa hay production in 2023 was 2.2 percent higher year over year but remains 9.8 percent below the 2012-2021 average. Total other hay production was up 9.5 percent year over year in 2023 but was 6.3 percent below the ten-year average. Total December 1, 2023 hay stocks were 6.9 percent higher than one year earlier but were 10.8 percent below the ten-year average from 2012-2021 (Table 1).

Click here to read more on hay production from Derrell Peel

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.
Click to Listen to Our Morning Ag News from RON
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Sponsor Spotlight

The Oklahoma Agriculture Mediation Program knows this is a hard time for farmers and ranchers. We want you to know we are still open, and we are still here for you. The Ag Mediation program is a free service that provides mediation to agriculture producers who may need help with ag-related disputes.

At Oklahoma Ag Mediation, we have been helping people in agriculture resolve conflicts since 1987. We know firsthand about working together to resolve conflicts, so you don’t have to go through the court systems. Let our professional mediators help you. Mediation is allowed for lease issues, farmer/neighbor disputes, family farm transitions, and more. These services are available at no cost for Oklahoma farmers and ranchers in all 77 counties. For more information, you can go to ok.gov/mediation, or give us a call at 800 248 5465.


Individuals Can Earn While They Learn in the RCIS Apprenticeship Program

Farm Director, KC Sheperd, is talking with the head of sales and service at the Rural Community Insurance Services (RCIS), Jeff Bahr. Bahr talks about what producers need to be aware of in 2024 and the RCIS Apprenticeship Program.

RCIS is a crop insurance provider, insuring farms across the country. RCIS works directly with crop insurance agents who travel to farms to deliver policies.

“What we encourage them to do is to start looking at all of these different risk management plans that are available, talk to their RCIS agent in advance, and start putting that together to make sure all of their crops are going to be protected in 2024,” Bahr said.

When it comes to volatile weather patterns, Bahr said crop insurance is the best protection method that a producer can invest in.

“We have the federal crop insurance program that 90 percent of farmers actually take advantage of, so most all of them do that; however, there are also some private products like a revenue protection policy through RCIS that provides coverage beyond what the federal crop insurance program does, and it also can have a claim on that without having a federal crop insurance claim,” Bahr said.

Click here to read more and listen to KC Sheperd talk with Jeff Bahr about RCIS

Prop. 12 Now in Full Effect; NPPC Continues to Look for Solutions

What happened: California Proposition 12 (Prop. 12) has come into full effect as of Jan. 1, mandating that all covered pork shipped to California must abide by the state’s arbitrary production standards. Pork producers across the country continue to voice their concerns over how California’s overregulation could negatively impact family farms and are looking to Congress for a solution.

Three Illinois pork producers, including former NPPC board member Phil Borgic, have weighed in on Prop. 12, with a letter to the editor that ran in The Pantagraph of Bloomington, IL. In the letter, the producers highlighted: “If we want to continue farming, Proposition 12 will undoubtedly raise the cost of producing pork for us and other hog farmers, which jeopardizes an Illinois industry that contributes $3.3 billion in economic value and supports nearly 34,000 jobs.”

Prop. 12 requires pork to be from hogs born to sows that are provided both a minimum of 24 square feet per sow and are not housed in individual pens. In the United States, the industry average for sow breeding pens is 16 to 18 square feet.

Click here to read more about the impacts of Prop 12

Digging Deeper for Farmland Tax Deductions

The current IRS tax code is 74,600 pages long. In book form it would stretch 36 feet high, in case you want a climbing challenge! But according to Tyler Bruch, founder and CEO of Boa Safra Ag, there’s one paragraph in that code that has the potential to save some farmers thousands of dollars through tax deductions. But most landowners have never heard about it before.

RELATED: The IRS Farmer’s Tax Guide, Publication 225, can be accessed here. 

So, what are we talking about here? This must be something new, right? As a matter of fact, it’s been around for a long time. The little-known code was written and passed by Congress in 1960. According to Section 180, the IRS allows owners of agriculture land to deduct the residual fertility value of nutrients in their soils at the time of acquisition.  

RELATED: The University of Nebraska Center for Agricultural Profitability explains Section 180 and how it works. Read that here.

That means purchasers of agriculture land can depreciate the value of fertilizer ingredients that are present in the soil at the time of purchase in the same way as other capital items such as fencing, equipment or structures. To capture these deductions, owners need to put a number on the volume and value of these nutrients in their farm soil. That’s where Boa Safra Ag comes in.  

Click here to read more about farmland tax deductions
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 $2.16 and Select Beef was up 71 cents on Monday 01/15/2024.

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

Boxed Beef Report

Because of the winter weather conditions over the weekend and now into the start of this week, there were no sales Monday at the Oklahoma National Stockyards, Joplin, or Tulsa. OKC West is not selling cattle on Monday or Tuesday but will have a single sale where all cattle sell Wednesday the 17th.

Oklahoma National will also be closed on Tuesday for their cow and bull turn.

Woodward is not holding a cow sale today- but will sell cows at the front end of the Thursday stocker sale.

These sales plan to return next week with normal schedules.

It is recommended that producers contact their local sale barn or sale of choice with any questions regarding this week’s sales.

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 01/12/2024
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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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm BureauOklahoma Ag Mediation ProgramGreat Plains KubotaStillwater Milling CompanyNational Livestock Credit CorporationOklahoma Beef CouncilOklahoma AgCredit, Oklahoma Pork Council, the Oklahoma Cattlemens Association, and  KIS Futures for their support of our daily Farm News Update.

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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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