Oklahoma's Latest Farm

And Ranch News

Friday, February 9, 2024

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 


  • Thursday’s New-Crop U.S. Ending Stocks Bearish for Corn and Soybeans but Neutral for Wheat

  • U.S. Pork Export Value Sets Annual Record; Strong Finish for Beef Exports

  • Beef Checkoff Digital Marketing Reaches Broad Audience to Promote Beef Consumption

  • Making Economic Decisions to Generate More Profit with OSU’s Kim Anderson

  • Students, Higher Education Representatives Gather at State Capitol for Higher Education Day

  • Not Much Movement in Oklahoma’s Drought Numbers After Last Week’s Large Improvements

  • ASA to EPA: We Need a Dicamba Existing Stocks Order Stat!

  • More stories for your weekend reading!

Thursday’s New-Crop U.S. Ending Stocks Bearish for Corn and Soybeans but Neutral for Wheat

USDA on Thursday released its February World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports.

Farm Director, KC Sheperd, had the chance to talk with Allendale’s Rich Nelson about this month’s report. For now, Nelson said the focus is on U.S. demand and South American production.

In this report, Nelson said U.S. corn was lowered by 10 million bushels, which was not a big surprise.

“They did recognize some problems with the Brazilian corn crop, down about three million tons, which was on the trade expectations,” Nelson said. “The real concern for us today was a little bit of pushback on soybean demand.”

Nelson said USDA raised ending stocks for soybeans by 280 million bushels last month. Now USDA has raised ending stocks for soybeans to 315 million bushels, he added.

While USDA did recognize some export concerns for soybeans, Nelson said it was surprising that USDA did not raise domestic U.S. soybean crush.

On the wheat side, Nelson said U.S. wheat export sales are doing quite well.

“We can do very slack, almost half the normal pace from here through May to meet USDA’s export goals,” Nelson said. “Sales are doing fine. The concern is with this shipment issue, which is now going on three months in a row of almost 25 percent below last year.”

Click here to read more and listen to KC Sheperd talk with Rich Nelson about the latest WASDE report.

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 January 2024 Edition of the Drive in Five .

U.S. Pork Export Value Sets Annual Record; Strong Finish for Beef Exports

Led by a record-shattering performance in Mexico and broad-based growth in other markets, U.S. pork exports set a value record in 2023, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While 2023 beef exports were below the record totals posted the previous year, December exports were the largest since August and December export value increased 10% year-over-year. 

December pork exports climbed nearly 10% from a year ago to 268,399 metric tons (mt), the largest since May 2021 and the eighth largest on record. Export value increased 11% to $765.8 million, also the highest since May 2021 and the third highest on record. While December exports trended higher in many key markets, Mexico was once again the star performer, setting records for both volume (105,451 mt) and value ($233.8 million). 

The strong December results pushed 2023 export value to a record $8.16 billion, up 6% from 2022. Export value per head slaughtered also set an annual record of nearly $64. Export volume was 2.91 million mt, up 8% year-over-year and the third largest on record. 

“2023 saw tremendous growth in global demand for U.S. pork, and it came at a time when the U.S. industry needed it most,” said USMEF President and CEO Dan Halstrom. “The expansion of U.S. pork’s presence in Mexico has been remarkable but the great news certainly doesn’t end there. We are very encouraged by the robust demand we’ve seen throughout the Western Hemisphere and in a number of Asia-Pacific markets as well.” 

Click here to read more about U.S. pork and beef exports.

Beef Checkoff Digital Marketing Reaches Broad Audience to Promote Beef Consumption

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. In part two of my conversation with Nealson, we discuss beef messaging through digital platforms.

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

In May of 2023, Nealson said the national advertising campaign for Beef. It’s What’s for Dinner. was launched.

“That campaign is called, ‘Together, We Bring More,’” Nealson said. “It is all focused on how beef transforms everyday gatherings into meaningful moments. We all know that when you are doing something special or even doing something ordinary, you want to have beef on the grill, and you want to have beef there at the center of your holiday table too. No matter what the occasion, we believe beef brings people together and is the meaningful protein that people associate good times with.”

Within the campaign, Nealson said there have been 8 to 10 different commercials on digital platforms, including streaming television.

Click here to read more and listen to Jennifer Nealson talk about promote beef to consumers.
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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

Making Economic Decisions to Generate More Profit with OSU’s Kim Anderson

This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about making decisions when it comes to nitrogen application and more.

Producers are going to be top-dressing wheat over the next few weeks, and Anderson said there are some decisions to be made to know whether to top-dress or not, and how much Nitrogen to apply.

“Producers need to know the price of wheat, the price of the Nitrogen, on the particular farm or plot, they need to know the potential yield and they need to have their target yield,” Anderson said.

To get the price of wheat, Anderson recommends that producers call their local elevator and see wheat they are forward contracting for harvest delivery.

For fertilizer prices, Anderson recommends that producers call their local fertilizer dealer.

“If you go to Northern Oklahoma, Pond Creek, Medford area, it is about $5.50 per bushel,” Anderson said. “Go down in Southern Oklahoma in Snyder, Altus, take off about 30 cents.”

Click here to read more and listen to Kim Anderson on SUNUP.

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

KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.

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.  

Students, Higher Education Representatives Gather at State Capitol for Higher Education Day

Students and personnel from Oklahoma’s state system institutions gathered at the state Capitol today to demonstrate the value and importance of higher education in the state.

Speakers included Governor Kevin Stitt, Speaker Charles McCall, Sen. Adam Pugh, Rep. Mark McBride, State Regents chair Jack Sherry, and Chancellor Allison D. Garrett.

“Students, faculty and staff from Oklahoma’s public colleges and universities came together today at our State Capitol to highlight the value of a college degree,” said Garrett. “Over half of the top 100 occupations identified as critical for our state require an associate degree or higher, including the top 29 highest paying jobs. Investing in higher education drives economic opportunity for individual Oklahomans and strengthens the workforce pipeline for our vibrant business community.”

Three students also spoke at the event. Blake Janssen, Redlands Community College; Asa Robbins, Northeastern State University; and Dante Specht, Oklahoma City Community College, shared how pursuing higher education at Oklahoma’s public college and universities has positively impacted their lives.

Click here to read more about students and Oklahoma's state system personnel gathering for Higher Education Day.

Not Much Movement in Oklahoma’s Drought Numbers After Last Week’s Large Improvements

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 six weeks.

Severe drought or worse remains at 1.36 percent, unchanged from last week.

Moderate drought or worse conditions remain at 7.18 percent, unchanged from last week.

Abnormally dry or worse conditions are now at 21.8 percent, improved slightly from last week’s 22.45 percent.

According to the 6-to-10-day precipitation outlook map, the northeastern part of Oklahoma is leaning below a 33 to 40 percent chance of precipitation through February 17th. The northern part of the panhandle, down through central Oklahoma and into the southeast corner, is at a “near normal” chance of precipitation through February 17th. The southwestern part of the state and the southern half of the panhandle is leaning above a 33 to 40 percent chance of precipitation through that February 17th date.

Click here to read more about the latest Oklahoma drought monitor.

ASA to EPA: We Need a Dicamba Existing Stocks Order Stat!

The American Soybean Association—the national advocacy organization for the industry—and 26 soy state affiliates have sent a letter to the Environmental Protection Agency asking the administration for help following a dicamba ruling in a federal district court in Arizona. The court ruled EPA made a procedural error in issuing 2020 dicamba registrations for over-the-top (OTT) use on dicamba-tolerant soybeans and cotton. Because EPA did not offer a public notice and comment period before issuing the registrations, the court ruled the agency was in violation of the Federal Insecticide, Fungicide, and Rodenticide Act and vacated 2020 registrations for XtendiMax, Enginia, and Tavium.

The ruling appears to affect every state in which the products are registered and thus could impact more than 50 million acres of dicamba-tolerant soybeans and cotton—an area larger than the state of Nebraska.

Josh Gackle, ASA president and soybean farmer from North Dakota, said, “We are clearly disappointed with the court’s dicamba ruling, but more pressing, soybean and other farmers are exceptionally concerned about what this means as we approach 2024 planting season. If the administration does not issue an existing stocks order so we can use the millions of dollars of product already ordered for spring planting, we are in a world of hurt."

Click here to read more about the ASA letter to the EPA about dicamba.

More stories for your weekend reading!

Kelli Retallick-Riley talks Bovine Congestive Heart Failure at 2024 CattleCon
Shane Robinson selected as head of Department of Agricultural Communications, Education and Leadership at OSU
Record Drop in Farm Income Expected in 2024
State Departments of Agriculture Urge Federal Support for State Meat inspection Programs 
NASDA members urge U.S. agencies to collaborate on strategies to address agricultural Labor shortages
Oklahoma Gardening Plants Seeds of Excitement in New Season
Guidance on Safely Rebuilding the Cow Herd
How Election Years Impact the Grain Markets
Dairy Checkoff Partnership Introduces Hot Chocolate Milk Program in Schools
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 up 3 cents and Select Beef was down $1.30 on Thursday, 2/8/2024.

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

Boxed Beef Report

Weekly Cattle Auction Reports

The buttons below allow you to check out the weekly Cattle Auctions in the region that we post on our website and here in our daily email update.

OKC West in El Reno Market Report from 101/30 and 01/31/2024

Woodward Livestock Market from Thursday 02/01/2024

Oklahoma National Stockyards Market Report from 02/05/2024
Tulsa Stockyards for Monday 02/05/2024
Joplin Regional Stockyards Market from Monday 02/05/2024
Oklahoma National Stockyards Cows and Bulls Sold Tuesday 02/06/2024
OKC West in El Reno Market Report from 02/06 and 02/07/2024
Woodward Livestock Market from Thursday 02/08/2024
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 2/8/2024
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 2/8/2024
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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