Oklahoma's Latest Farm

And Ranch News

Thursday, February 8, 2024

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Here is Your Daily Oklahoma Farm and Ranch News Update: 


  • Beef Checkoff Works to Keep Beef on the Menu Amid Inflation

  • USDA Projects SHARP Drop in Net Farm and Net Cash Farm Numbers for 2024

  • Stitt’s State of the State projects positive outlook for agriculture, rural Oklahoma

  • Checking in on the Beef Checkoff- Telling the Next Generation of Dieticians About Beef

  • Federal Court Rules Against Dicamba Registration- Could Be a Disaster for Soybean and Cotton Farmers

  • Championship Sunday Menu: Football, Food and Farming

  • What are the Financial Implications of Debt-Financed Heifer Purchases?

  • Agriculture Committee Democrats Release Principles for the Next Farm Bill

  • Thousands of Farmers Caution Biden Administration- Don't Focus Solely on Electric Vehicles at Expense of Biofuels

  • Regenerative Resources: What We’re Reading and Listening to at Noble

Beef Checkoff Works to Keep Beef on the Menu Amid Inflation

At the 2024 CattleCon held in Orlando, Florida, I had the chance to talk with the National Cattlemen’s Beef Association’s Senior Vice President of Global Marketing and Research, Jennifer Nealson. Nealson is the lead when it comes to marketing efforts for the Beef Checkoff.

Our coverage from the 2024 Cattle Industry Convention and NCBA Trade Show in Orlando is being powered by Farm Data Services of Stillwater.

Nealson says one thing the Checkoff is very mindful of is the retail price of beef and how that impacts consumers.

“Everybody knows that consumer prices for beef are up, and the consumer price index just came out for November-November,” Nealson said. “Food inflation rose three percent. Within that, there is only a 1.7 percent increase in retail for beef, so the good news, I guess, is that it is indexing lower than the average at three percent. Dining is up three percent. There are inflationary pressures out there.”

Nealson said another thing that is softening the market is the willingness of the consumer to pay higher prices- specifically for steak. People’s willingness to pay is about nine dollars per pound for steak, she added.

Click here to read more and listen to Jennifer Nealson talk about marketing efforts for Beef Checkoff.

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.


USDA Projects a Sharp Drop in 2024 Net Farm and Net Cash Farm Income Versus 2023 and 2022

USDA’s broad measure of profits, net farm income, is forecast to drop 25.5% from 2023. That’s nearly 41% lower than 2022’s record when adjusted for inflation.

USDA forecast net farm income to be $116.1 billion. That’s 1.7% lower than the 20-year average.

Net cash farm income is expected to fall significantly below the long-run average. Net cash income measures cash farm-related income from the year minus cash expenses and excludes changes in inventory, depreciation and rental income from dwellings.

USDA expects net cash farm income to decline by 24.1% from 2023 to $121.7 billion in 2024. That’s 13.7% lower than the 2003-2022 average and 43.2% below 2022. Lower cash receipts, lower direct government payments and higher production expenses all play a role in declining farm incomes.

USDA Secretary Tom Vilsack offered the Administration’s view on why the federal government needs to step and offer more regulation to offset this downturn predicted by the agency’s economists as the U.S. Department of Agriculture’s (USDA) Economic Research Service released its annual Farm Sector Income Forecast report for 2024.  Read his comments by clicking on the Blue Button. 

Read more on sharp drop in Net Farm and Net Cash Farm Measures predicted for 2024 by USDA

Stitt’s State of the State projects positive outlook for agriculture, rural Oklahoma

Monday, Feb. 5, marked the start of the second regular session of the 59th Oklahoma legislature with Gov. Kevin Stitt’s annual State of the State address.

In his speech, Stitt emphasized his determination to make Oklahoma the most business-friendly state in the nation, and OKFB is playing a part in that very mission through the newly founded Oklahoma Grassroots Rural and Ag Business Accelerators program. The accelerators program spurs agricultural and rural innovation through providing an opportunity for rural entrepreneurs and business owners to grow their ideas and bring their businesses to life, creating economic opportunities in rural Oklahoma.

Stitt also reiterated the importance of a strong education system – something that Farm Bureau members know is crucial to the continued vibrance of rural Oklahoma. While Stitt highlighted the formation of more charter schools in Monday’s address, Farm Bureau members stand firm in the importance of strong rural schools that give students the same opportunities for education and career tracks after high school, whether students attend school in Broken Arrow or Balko.

Click here to read more about Govenor Stitt's State of the State address.
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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

Checking in on the Beef Checkoff- Telling the Next Generation of Dieticians About Beef

I talked with Heather Buckmaster of the Oklahoma Beef Council about their long standing work with dieticians in training from OSU, OU and OCO.

This past year- that investment into new students has widened to include the Keith and Associates Distance Dietician Internship. Through two tours, 40 dietetic interns from across the US had the opportunity to participate in a ranch tour and learn more about the beef community- everything from beef nutrition, cattle nutrition, cattle care, beef sustainability and beef safety.

Learn more about the Beef Checkoff in Oklahoma by checking our Cattlemen’s Corner- available here. At the national level- check out DrivingDemandforDemand.Com.

Click here to listen to Heather Buckmaster talk about informing dieticians on beef.

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 Thursday morning farm and ranch news with KC Sheperd
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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.


Federal Court Presents Ag Community with a Possible Dicamba Disaster

The Chief Executive Officer of the Agricultural Retailers Association, Darren Coppock, has expressed dismay at the ruling this week of a federal court in Arizona that seems to ignore a science based process on whether an agricultural chemical should be registered or not. Here is the statement from ARA and Coppock:

“On Tuesday a federal District Court in Arizona vacated the registration for over-the-top (OTT) applications of dicamba on dicamba-tolerant soybeans and cotton. OTT dicamba products Xtendimax (Bayer), Engenia (BASF) and Tavium (Syngenta) were all included in the decision

which is national in scope.

“ARA disagrees with this decision. It removes a determination that should be made by a science based regulatory agency to a federal court, and the timing of the decision will be extremely disruptive to ag retailers, distributors, manufacturers and farmers who made plans to use these products in 2024.

“People have different opinions about whether OTT dicamba should be registered and used. But

surely we can agree that we’re all better off – including consumers and the environment – if these decisions are made by regulators with scientific expertise during the registration review process rather than by the federal courts or activist litigators which lack that expertise."

Click here for the full statement from the Ag Retailers on the Dicamba Court Ruling

Championship Sunday Menu: Football, Food and Farming

Regardless of which team you’re rooting for, your football party will be the real winner this Sunday thanks to a team of 2 million farm families working on your behalf. Pro football championship Sunday ranks among the top days of the year for food consumption in the United States. As you watch your favorite team and eat your favorite snacks, here are some facts about how that food makes it to your home.

  • Almost 1.5 billion chicken wings are consumed during the big game, according to the National Chicken Council. More than 164,000 farms raise chickens and eggs.
  • More than 8 million pounds of corn tortilla chips will be eaten during the game. The United States is the world’s largest corn producer, at more than 15 billion bushels a year.

  • Pizza ranks in the top three of all gameday snacks. Where does the crust come from? Farmers plant almost 50 million acres of wheat every year, which is also used in breads, cookies, pretzels and cakes.
  • America’s families purchase more than 25 million pounds of cheese for the big game, according to estimates by Dairy Farmers of Wisconsin. Dairy cows produce more than 226 billion pounds of milk every year.

Click here to read more about how your Championship Sunday is impacted by agriculture. 

What are the Financial Implications of Debt-Financed Heifer Purchases?

On today’s Cow-Calf Corner, Eric A. DeVuyst, Professor and Rainbolt Chair of Agricultural Economics, Oklahoma State University talks about herd rebuilding and more.

December and January precipitation greatly improved soil conditions across much of the US southern plains, including Oklahoma. The US Drought Monitor (https://droughtmonitor.unl.edu/CurrentMap/StateDroughtMonitor.aspx?OK) showed over 67% of Oklahoma is drought free as of January 25, 2024. Encouragingly, none of the state is in the extreme or exceptional drought. In comparison, just over 2% of the state was drought free in January 2023 with almost 58% of the state in extreme or exceptional drought.

With improved soil moisture and ponds refilled, Oklahoma cow-calf producers are looking to restock drought-diminished herds. However, there are reasons for caution before jumping into the heifer replacement market. Heifer prices are high, very high. At OKC on January 30, 625# heifers sold for nearly $238 per cwt, or nearly $1500 per head. There are reports of production sales with bred heifers going for over $2500 per head. These prices make financing of replacements risky for many producers.

Click here to read more about Dr. Eric DeVuyst's insight on financial implications of rebuilding a herd.

Agriculture Committee Democrats Release Principles for the Next Farm Bill

Yesterday, House Agriculture Committee Ranking Member David Scott and Committee Democrats published a memo laying out the principles the next farm bill should include to win the support of the House Democratic Caucus. The principles are distilled from farm bill priorities submitted by Democratic Members across the Caucus and represent the shared values of House Democrats, including protecting historic Inflation Reduction Act climate investments and SNAP.

“After months of Republican discord and disorder delaying the passage of the farm bill, the principles document presents an honest assessment of where House Democrats are on farm bill policy and offers our Republican colleagues an unambiguous and straightforward path to passing a strong, effective, and bipartisan farm bill,” said Ranking Member David Scott.

“Americans are counting on Congress to get a Farm Bill done, it’s America’s safety net. It bolsters our agricultural economy and ensures no American goes hungry. These principles reflect an effective roadmap that will grow the global competitiveness of American agriculture,” said Rep. Jim Costa, Ranking Member of the Livestock, Dairy, and Poultry Subcommittee.

Click here to read more about the Democrat's memo laying out the principles the next farm bill should include

Thousands of Farmers Across the Country Caution Biden Administration Against Solely Focusing on Electric Vehicles at Expense of Biofuels in Climate Fight

A letter signed by 3,466 farmers from across the country was sent to President Biden today expressing concern that his administration is taking a short-sighted approach to addressing climate change by prioritizing the use of electric vehicles over biofuels, such as corn ethanol, as it works to drastically lower the nation’s greenhouse gas emissions.

“If we are going to address climate change and meet our sustainability goals, we are going to have to take a multi-pronged approach, that includes tapping into higher levels of biofuels, such as corn ethanol, which offers an immediate climate solution,” the letter said.

The letter, which drew thousands of signatures in less than a week, comes as the U.S. Environmental Protection Agency prepares to release its light- and medium-duty vehicle tailpipe emissions standards for 2027-2032. To help meet the standards, the president has set a goal that 50% of all vehicle sales will be electric by 2030. A similar rulemaking is also being considered through the National Highway Traffic Safety Administration.

Click here to read more about thousands of farmers concerns against electric vehicle political priority in climate fight.

Regenerative Resources: What We’re Reading and Listening to at Noble

Looking for a good book or podcast to learn more about regenerating your soils and grazing lands or managing your operation? We’ve collected an intriguing set of titles and programs suggested by the ranching advisors, course facilitators, ranch managers and even our CEO at Noble.

When we asked folks at Noble Research Institute what books and podcasts they turn to for education and inspiration about regenerative agriculture and more, we got a wide range of answers. Some are the latest titles and programs from innovative ranchers, livestock producers and scientists; others are classics about conservation, food issues and even how our land was settled in the first place.

We invite you to check out the following books and podcasts, listed alphabetically, suggested by Noble’s regenerative ranching advisors, course facilitators, ranch managers and our president and CEO, Steve Rhines.

Click here to read more about books and podcasts suggested by Noble Research Institute.
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 91 cents and Select Beef was up 82 cents on Wednesday, 2/7/2024.

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

Boxed Beef Report

OKC West in El Reno had 11,675 head for their stocker and tearling sales this week.

According to USDA Market News- Compared to last week: Feeder steers sold 2.00-6.00 higher. Feeder heifers traded 2.00-4.00 higher. Demand good for feeders. Steer and heifer calves sold 3.00-6.00 higher following last weeks sharply higher market. Demand very good for calves. Muddy pen conditions continue especially in the Northern Plains. 

Bill Barnhart, manager of OKC West, offers this additional commentary via the market's Facebook page: "The march higher continued at the auction this week. Stocker weights on Tuesday were higher again reaching levels we have not seen. Demand is excellent on cattle in grazing flesh even up to #700 for graze out wheat and grass both. Those producers who held their calf crops over from last fall are getting paid handsomely. With the fat market headed towards 180 Wednesdays feeder cattle were higher also. Though not as wild as the stocker market we had solid gains on most classes. Another good run expected next week."

Click below for the complete closing report.

OKC West in El Reno Market Report from 02/06 and 02/07/2024
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 2/7/24
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 2/7/24
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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