Oklahoma's Latest Farm

And Ranch News

Friday, January 19, 2024

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 


  • Oklahoma Farm Bureau Members Prepare to Head to Salt Lake City for Annual AFBF Convention

  • Drummond Tackles Illegal Grow and Foreign Land Purchasing Issues to Help Rural Oklahoma

  • Oklahoma Drought Conditions Unchanged from Last Week in Latest Drought Monitor

  • Kim Anderson: Market Signals Average Wheat Prices and Below Average Corn Prices

  • CAB’s Paul Dykstra Sees Positive Times for the Beef Industry in 2024

  • Making the ARC/PLC Election for 2024

  • Growth Energy Outlines 2024 Federal Policy Priorities 

  • More Stories for Your Weekend Reading

Oklahoma Farm Bureau Members Prepare to Head to Salt Lake City for Annual AFBF Convention

Earlier this week, I had the chance to talk with the President of the Oklahoma Farm Bureau, Rodd Moesel, about the 2024 American Farm Bureau Federation Convention coming up on January 19-24 in in Salt Lake City, Utah.

This year will mark the 105th year of the annual AFBF Convention. The convention will give members the chance to help set the agenda for the leading voice of agriculture in Washington, D.C., and more.

Moesel said Oklahoma will be represented by a delegation of about 75 members who are making the trip to Salt Lake City.

On Sunday of the convention, AFBF will be honoring Congressman Frank Lucas of Oklahoma’s 3rd district with the Distinguished Service Award.

“That will probably be our highlight,” Moesel said.

The AFBF Distinguished Service Award is awarded to one person each year.

“We are so blessed to have a congressman who understands agricultural policy and actually lives by agricultural policy since he is still an active farmer and rancher,” Moesel said. “There just aren’t many of those left in Congress.”

Click here to read more and listen to Rodd Moesel talk about the annual AFBF Convention

Sponsor Spotlight

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And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.  

Drummond Tackles Illegal Grow and Foreign Land Purchasing Issues for Oklahoma Producers

At the Oklahoma Cattlemen’s Association’s 2024 Policy Meeting, Farm Director KC Sheperd had the chance to talk with the keynote speaker at the event, Attorney General Gentner Drummond, about an update on illegal marijuana grow operations in the state and more.

Drummond first talked about the recent arrest of several foreign nationals in connection with the seizure of a significant amount of marijuana allegedly headed for the illegal drug market.

Task force agents, in collaboration with several law enforcement agencies, executed two search warrants in Muskogee County on Jan. 11 that led to the seizure. Multiple firearms also were discovered in the search, as well as evidence that led agents to a half-million-dollar marijuana “stash house” in Bixby where they discovered signs of drug trafficking. 

Following this most recent bust, Drummond said another 14 illegal marijuana grow houses voluntarily shut down in the state.

Click here to read more and listen to KC Sheperd talk with Gentner Drummond about his fight for Oklahoma’s ag producers

Oklahoma Drought Conditions Unchanged from Last Week in Latest Drought Monitor

According to the latest Oklahoma drought monitor report, exceptional drought remains at zero percent, unchanged from the start of the calendar year.

Extreme drought or worse remains at zero percent, unchanged from the past three weeks.

Severe drought or worse remains at 1.67 percent, unchanged from last week.

Moderate drought or worse remains at 15.01 percent, unchanged from last week.

Abnormally dry or worse conditions remain at 34.19 percent, unchanged from last week.

Click the Oklahoma drought map above the story to see this week's Oklahoma drought percentages and more.

Click here to see a national drought summary and to view this week's charts and graphs
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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

Kim Anderson: Market Signals Average Wheat Prices, Below Average Corn Prices

Below is an analysis of the latest movements in the commodity markets from OSU Crop Marketing Specialist Kim Anderson:

Wheat and corn prices fell 15 cents, and soybeans fell 30 cents this week. On Thursday, the current cash wheat price in Pond Creek Oklahoma was $5.53 and wheat could be forward contracted for 2024 harvest delivery in Pond Creed and the Panhandle for $5.55. Panhandle and southern Oklahoma current cash wheat prices were 25 to 30 cents lower than the current Pond Creek price.

Corn prices fell about 15 cents with the current Pond Creek price being $4.30 and the 2024 harvest forward contact price being $4.52. Corn prices are higher in the Panhandle and about the same in southern Oklahoma.

Both wheat and corn 2024 harvest prices are below the 15-year Oklahoma average. In Pond Creek, wheat may be forward contracted for harvest deliver for $5.55. The 15-year average Pond Creed wheat harvest price is $5.83.

Click here to read the full grain market analysis from OSU's Kim Anderson 

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 Friday morning farm and ranch news with KC Sheperd
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Sponsor Spotlight

The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community, and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. 

To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes. 

And Check out this video below that helps you learn more about the Beef Checkoff- It's the latest Drive in Five..

CAB’s Paul Dykstra Sees Positive Times for the Beef Industry in 2024

In this episode of Beef Buzz, I am visiting with the Director of Supply Management and Analysis of Certified Angus Beef, Paul Dykstra, about the CAB program.

With those who are producing successful CAB cattle, Dykstra said terminal traits versus maternal traits is a conversation he enjoys having. 

“It is one that I think is very appropriate for our times as we have advanced in a number of genetic tools that we have available to us, predictions in terms of EPDs, and those indexes that we have,” Dykstra said.

With so many traits to pay attention to, Dykstra said discussing maternal and terminal traits with cattlemen is a good topic of conversation about where to put emphasis.

Click here to read more and listen to Ron and Paul Dykstra talk about Certified Angus Beef

Making the ARC/PLC Election for 2024

On November 16, 2023, President Biden signed H.R. 6363 – the Further Continuing Appropriations and Other Extensions Act of 2024 – into law. The bill extended the Agriculture Improvement Act of 2018 (2018 Farm Bill), reauthorizing programs like the Agriculture Risk (ARC) and Price Loss Coverage (PLC) programs through September 30, 2024. Producers will have an opportunity to make a one-time election between ARC and PLC for the 2024 crop year. USDA opened the election and enrollment period on December 18, 2023, and it runs through March 15, 2024.[1]

The ARC/PLC decision for 2024 is against the backdrop of a general softening in prices, but the implications vary by crop For some crops, the decision may be clear-cut. In this article, we illustrate the case of wheat (Figure 1). While Effective Reference Prices are projected to climb starting next year for wheat, it is important to remember that you are making a one-year decision for crop year 2024, where the Statutory Reference Price remains at $5.50/bu. With a projected Marketing Year Average Price (MYAP) of $6.63/bu, it is unlikely (though not impossible as we are very early in the growing season) that PLC will trigger. While some may be tempted to elect ARC as a result, note that the 86% trigger threshold is at a price of $5.34/bu, largely indicating that any hope of receiving an ARC payment would rest on very low yields. In other words, in the case of wheat, it’s unlikely that either ARC or PLC will trigger (unless there is a disaster that results in low yields).

Click here to read more about Making the ARC/PLC Election for 2024

Growth Energy Outlines 2024 Federal Policy Priorities 

Growth Energy, the nation’s largest biofuels trade association, published its 2024 federal policy priorities today. Organized into three categories, the agenda offers a roadmap toward a more vibrant, sustainable future characterized by lower fuel costs, lower greenhouse gas (GHG) emissions, greater energy independence, and stronger rural communities. 

“These are the policy decisions that will shape the next era of growth in plant-based energy and climate solutions,” said Growth Energy CEO Emily Skor. “We hope these priorities serve as roadmap for elected officials seeking to support biomanufacturing facilities at the heart of America’s bioeconomy.” 

“Growth Energy, its members, and its champions on Capitol Hill know that the full potential of America’s bioethanol sector has yet to be fully realized,” she added. “With the right policies in place, our industry will continue to meet America’s energy needs, economic demands, and carbon reduction goals — all at the same time.” 

Click here to read 2024 Federal Policy Priorities from Growth Energy

More Stories for Your Weekend Reading

NCBA Continues to Push for Death Tax Relief
National Corn Growers Association Expresses Disappointment with International Trade Commission Decision on Fertilizer Tariffs
USDA Appoints Oklahoman Arnetta Cotton to the Advisory Committee on Minority Farmers
Hay Demand Remains Slow Across the State
R-CALF USA Applauds Withdrawal of Natural Asset Company Proposal
United Soybean Board Releases 2023 Sustainability Overview Report
Brad Bain of McCurtain County honored with OSU Extension Distinguished Educator award
Veterinarians Launch New Association to Improve Welfare of Animals
ICYMI- Panda BioTech Incentivizes Farmers to Grow Hemp to be Processed for Fiber
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 mixed- Choice Beef was down $2.16 and Select Beef was up 74 cents on Thursday 01/18/2024.

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

Boxed Beef Report

Woodward Livestock had had 638 head on Thursday- one of the first markets to operate since the extreme cold weather caused other markets to close in the early part of this week.

With extremely cold temperatures earlier this week cancelling the auction on Tuesday, about 50 head of cows and bulls were included today. Slaughter cows 93-103 with a few up to 112. Few bulls 110-114. Compared to last week: With a very light run of feeder cattle and calves due to the cold, there were to few for an accurate trend but a steady to stronger undertone was noted. Supply included: 100% Feeder Cattle (39% Steers, 53% Heifers, 8% Bulls). Feeder cattle supply over 600 lbs was 68%.

Click below for the complete closing report.

Woodward Livestock Market from Thursday 01/18/2024
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 01/18/2024
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 01/18/2024
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.

Head to Our Website OklahomaFarmReport.Com
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