Oklahoma's Latest Farm

And Ranch News

Friday, March 29, 2024

Wishing You and Yours a Blessed Easter!

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 


  • Good Friday- Wall Street and Ag Futures Are Closed

  • Oklahoma Drought Monitor Sees Moderate Drought Increases; McManus Predicts Worsening Conditions

  • Allendale’s Rich Nelson says USDA Estimates Farmers Will Plant 47.5M Wheat Acres, 86.5M Soybean Acres This Year

  • Kim Anderson Says Another Week of Minimal Movement in the Crop Markets

  • NCBA Fights for America’s Beef Industry as Anti-Animal Ag Groups Pick up Speed

  • Genetic Merit Pricing Task Force Holds February Meeting in Kansas City

  • A Borrowed Tomb Today- Empty by Sunday Morning!

Good Friday- Wall Street and Ag Futures Are Closed

Good Friday has arrived. It's the start of the Easter Weekend and it's a holiday for some and a normal workday for many.

It is not a Federal holiday. However, twelve states recognize Good Friday as a state holiday: Connecticut, Delaware, Florida, Hawaii, Indiana, Kentucky, Louisiana, New Jersey, North Carolina, North Dakota, Texas, and Tennessee. Additionally, the New York Stock Exchange and other financial markets close on Good Friday- that includes our Ag Futures trade.

Some banks may be closed- many others will be open- but a phone call to your bank or other businesses you need to interact with on Good Friday will confirm whether they may have special Good Friday hours.

Because Uncle Sam is open- USDA Market News will have reports that we normally expect to have on Fridays.

Read More Here

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Oklahoma Drought Monitor Sees Moderate Drought Rising- McManus Predicts Worsening Conditions Over Next Few Months

To view the latest Oklahoma drought map, CLICK HERE.

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

Severe drought or worse is unchanged from the past six weeks at .19 percent.

Moderate drought or worse is now at 8.83 percent, up from last week’s 3.53 percent.

Abnormally dry or worse conditions are now at 33.76, improved from last week’s 43.56 percent.

That moderate drought in the latest map is pretty much all in the northern tier of counties- and State Climatologist Gary McManus thought we were close to a flash drought earlier this week at the Drought Commission meeting- after the latest Drought Monitor- he says it is Flash Drought in those northern counties. Click here for how he sees things in his latest Mesonet Ticker.

Click here to read more about this week's drought monitor.

Allendale’s Rich Nelson says USDA Estimates Farmers Will Plant 47.5M Wheat Acres, 86.5M Soybean Acres This Year

On March 28, 2024, USDA Released the Prospective Plantings Report and the Quarterly Grains Stocks Report. Farm Director KC Sheperd had the chance to talk with Allendale’s Rich Nelson about the two reports.

Nelson said there is discussion about low corn acreage, down about 4.6 million acres. Soybeans on the other hand are up 2.9 million acres, he added.

“This does reflect the fact that the current new crop breakeven which some might estimate at about $5.10 per bushel, and that is a cash price, is maybe a bit concerning here for us,” Nelson said.

Given the higher prices, Nelson said it was expected to see a large jump in cotton acres. In this case, Nelson said USDA did not see much of an increase, at only about 400,000 extra acres from last year. Therefore, cotton is starting out the year tighter than the trade expected to see.

“As far as big picture surprises, there are not any major issues here,” Nelson said. “One thing I will point out, though is that (in the Quarterly Grains Stocks Report) we are talking about corn, soybeans and wheat here in this case, so three crops. The total will be down 3.8 from last year. That does fit in relatively normally with what you would expect in a financially stressed year.”

Click here to read more and listen to KC and  Rich Nelson talk about the USDA's expected planting numbers this year.
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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

The latest news from the Oklahoma State Capitol is available daily on the Radio Oklahoma News Network.

Click on the blue button to hear News Director Ken Johnson's report.

Click here for the latest report from the State Capitol on RON

USDA Prospective Plantings Analysis from OSU’s Kim Anderson

OSU Extension Grain Market Economist Dr. Kim Anderson provided us some comments after the Friday release of the 2024 Prospective Plantings Report. Here are those thots from Dr. Anderson: "The report appeared to be slightly bullish for corn, soybeans, and soft red winter wheat. The report appeared to be bearish for hard red winter wheat and neutral for cotton.

"The market’s immediate reaction to the report was a 17-cent increase in corn prices, essentially no change in soybeans, and a 14-cent increase in hard red winter wheat prices. Cotton prices were marginally higher. The Plantings report provided essential information but the near-term impact will probably be neoglacial.

"For wheat, the plantings report must be taken “with a grain of salt.” Using the 10-year average (2014 through 2023), U.S. wheat production is only seven percent of world wheat production. Also, Russia is projected to product a record 3.4 billion bushels in 2024 and Russia’s wheat ending stocks are projected to be 17 percent above the 5-year average.

"U.S. hard red winter wheat planted acres was estimated to be 24.3 million acres compared to the 24 million planted acres estimated in the January 2024 report. Oklahoma wheat planted acres were estimated to be 4.35 million acres up from January’s estimate of 4.3 million acres."

Click here to read more about Dr. Anderson's USA Prospective Planting report analysis. 

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- .

NCBA Fights for America’s Beef Industry as Anti-Animal Ag Groups Pick up Speed

At the 2024 Southwestern and Texas Cattle Raisers Convention, I caught up with the Senior Director of Government Affairs at the National Cattlemen’s Beef Association, Tanner Beymer, about anti-animal agriculture groups.

“Things in D.C. are pretty dysfunctional at the moment,” Beymer said. “These radical animal rights activists and their partners and their shell groups have been taking advantage of the chaotic situation to try and advance their radical agenda.”

While liberal Democrats have been the typical base of support for anti-animal agriculture groups over the years, Beymer said recently more moderate individuals and some Republicans have also been more sympathetic to the messages being relayed.

“I think part of the reason for that is these animal rights activists have gotten more creative, and they are using some of these shell groups, and using what they think are cattle producers, and dressing them up in a costume and sending them up to Capitol Hill saying, ‘I’m a farmer, and by golly, I want you to kill the Beef Checkoff,’ or ‘I want you to allow California to implement Prop 12.’ Things that no farmer or rancher in their right mind would ever ask for.”

Click here to read more and listen to Ron and  Tanner Beymer talk about Anti animal ag groups.

Kim Anderson Says Another Week of Minimal Movement in the Crop Markets

This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest crop prices and more.

Anderson said there has not been much change in the crop markets for the past few months.

“You have got wheat prices moving between $5.00 and $5.50,” Anderson said. “About $5.30 right in the middle of that range.”

Corn has been moving in between a ten-cent range, Anderson said, from $4.00 to $4.50.

“These prices are forward contract prices for the ’24 crop,” Anderson said. “These are not current prices. This is what we are going to get for crops we are putting in the field or have in the field now.”

Anderson said corn is forward contracting for about $4.40 and $4.50 now, and soybeans are forward contracting for around $11.10 and $11.20.

“The one thing we know about these prices is that something is going to happen in the market to make them pop out at either the top or the bottom,” Anderson said. “We hope it is the top, but you never know.”

Anderson said the release of USDA’s prospective plantings report and quarterly grain stocks report has some potential to impact prices.

“The market is going to take what they expected and compare it to what USDA said and that could potentially move the market,” Anderson said.

Click here to read more and listen to the latest from Kim Anderson on crop prices.

Genetic Merit Pricing Task Force Holds February Meeting in Kansas City

genetic merit pricing

The Genetic Merit Pricing Task Force held its second meeting last month in Kansas City. Since convening in late 2023, the industry-based group has been working to help the cattle market transition toward widespread use of genetic information in pricing feeder cattle and calves. More than 95% of U.S. feeder cattle change ownership without the benefit of objective genetic information. Thus, genetic information plays almost no meaningful role in the value discovery process.

The group includes OSU Livestock Market Economist Dr. Derrell Peel and three former Presidents of the NCBA- Jennifer Houston, Craig Uden and Don Schiefelbein.

Ken Odde, Ph.D., former Kansas State University animal science department head and the group’s facilitator, says the Genetic Merit Pricing Task Force has an important mission that can help make all industry segments more efficient. “Today, few commercial beef herds use quantitative genetic information when marketing their feeder calves. While most buy bulls with EPDs and Indexes, they are not using that information in marketing their calves. Investing in genetics that are superior for growth and carcass traits without using that data for marketing purposes may be leaving money on the table.” Odde said. “Prospective buyers would then have genetic information that would help them more properly value feeder cattle they are seeking to purchase.”

At their February meeting, task force members discussed numerous topics, including the ability of genetically superior Bos Indicus cattle to grow rapidly and create valuable carcasses, as well as the important role of auction markets in helping bring genetic information into feeder cattle price discovery.

Click here to read more about the genetic merit pricing task force.

A Borrowed Tomb Today- Empty by Sunday!

Easter is an unique holiday in the United States- our Federal government chooses not to celebrate this particular holiday- but those of us who are Believers- it is the most important of days to celebrate.

But it is a brutal remembrance when you look from Thursday to Sunday back 2000 years ago. It was a time of celebration- then betrayal, pain, blood, fear, loneliness, death and then victory over death.

A modern day look back written by a lady from Michigan captures the fear and the promise of that event- she writes "No one saw the actual resurrection. Mary and the two disciples saw evidence at the tomb, but no one on earth saw God raise Jesus from the dead. In forty days, they will physically watch as Jesus ascends into heaven. But they had not actually seen the miracle that first Easter weekend. So, the disciples did what we would do, they assumed the worst. Grave robbers. Everyone was worried about grave robbers.

"When Mary got to the tomb that first Easter morning, it looked like the thing most feared by all sides had happened. The tomb was empty.

"I know I struggle with the same issues. Rather than seeing the promises inherent in the empty tomb, I often only see empty space. Fear can grip me, just like it gripped Mary Magdalene when she ran to get Peter and the other disciple. Mary hadn’t even entered the tomb yet. She had only seen the rock, moved from where it should have been."

Jan and I have greatly enjoyed the series "The Chosen" as it has brought to life how Jesus lived and walked this earth and interacted with His Disciples and others who crossed His path. That makes what Peter and the others who were dealing with the death of Jesus more relatable to us- so much fear- yet as the Disciples later experience the joy of resurrection- it sets things up for us to experience a relationship for today- and for eternity.

Easter is not decorated eggs and ham for dinner- it's about Eternity- as I have offered in years gone by- if you want to talk about your opportunity to go "all in" on that eternity- email me or give me a call (My number is at the bottom of the email)

You and all that read this daily email are a blessing to me and to our entire team at the Oklahoma Farm Report. We are honored you trust us to help keep you up to date on the news impacting our world of US and Oklahoma agriculture- and we work daily to earn that trust- major life events like Easter help us reflect on our blessings and that includes our farm and ranch family of readers and listeners.

May your Easter be a celebration of life- thanks for allowing me to share!

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 22 cents and Select Beef was up $2.74 on Thursday 03/28/2024.

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.

Oklahoma National Stockyards Market Report from 03/25/2024
Tulsa Stockyards for Monday March 25, 2024
Joplin Regional Stockyards Market from Monday 03/25/2024
Oklahoma National Stockyards Cow and Bull Market Report for 03/26/2024
OKC West in El Reno Market Report from 03/26 and 03/27/2024
Woodward Livestock Market from Thursday 03/28/2024
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 3/28/2024
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 3/28/2024
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

Podcasts From Oklahoma Farm Report and More

Two of our regular reports are also podcasts that you can subscribe to- Our daily Farm and Ranch News with KC Sheperdavailable here on the Apple Podcast Platform

The second is our daily Beef Buzz with Ron Haysavailable here on the Apple Podcast Platform

Periodically- we offer interviews on our Ag Perspectives Podcast series- this podcast is available here.

Ron has also has a series of podcasts from interviews with newsmakers at the Cattlemen's Congress- Click here or you can find them on your favorite Podcast platform- look for them by searching for Cattlemen's Congress Conversations.

We are making plans to jump back into regular installments of what has been called the Road to Rural Prosperity- a new name and fresh content is in the works- for now- click on the blue button below for one of our favorites that is a timeless classic.

Listen to Episode 86 with Ron Hays talking with one of the legends in the Beef Cattle Business- Bob Drake of Davis, Oklahoma
Listen to Ron
Beef Buzz
Blue Green Gazette
Market Links
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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, the Oklahoma Cattlemens Association, Invenergy Oklahoma and  KIS Futures for their support of our daily Farm News Update.

For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!

We also appreciate our Market Links Sponsor - OKC West Livestock! 

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
God Bless!
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network


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Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network

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