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mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, May 10, 2019
The 2019 Oklahoma Legislative Session is likely to wrap up soon for the year as state leaders continue the process of finalizing a budget this week. Overall, this session has been a relatively productive one for the Oklahoma agricultural industry, according to Bray Haven, contract lobbyist for American Farmers & Ranchers. Although, a productive year, Haven says it has not been without its "hiccups."
The "hiccups" Haven mentioned, is in reference to the Oklahoma Industrial Hemp Pilot Program that began last year and continues this year- as we wait on the USDA to write new Hemp rules reflecting the language in the 2018 Farm Law.
The Farm Service Agency has raised questions about how this program as it was then written might affect farmers' FSA payments for certain programs. This prompted policymakers to work on a last minute "fix" to the pilot program that will likely be only in place for this crop season.
Haven expects this clean-up bill will take care of the issue FSA has raised and is confident it will be signed by the Governor in time to allow farmers the ability to get their 2019 crop in the ground for this year's planting season, which is right on top of us. (Jesse with Herb's Herbs had told us earlier
that planting window really opens around May 20th for Hemp planted in the field)
Aside from that, though, Haven says most everything else has been "smooth sailing," citing some key victories including a cap on non-economic damages in nuisance suits, appropriations of approximately $30 million into the County Road & Bridge Budget for infrastructure improvement and S.B. 746 which provides a tax credit to doctors who serve rural communities and promotes better access to rural healthcare. This bill has yet to be signed, but Haven is hopeful this bill will also be made law before the session ends.
This week, though, the main order of business at the State Capitol has centered around budget negotiations. Once lawmakers settle on a budget, Haven expects the session will wrap up as early as the 24th if all things go well. Hear Haven's complete conversation with Associate Farm Director Carson Horn
or read more by clicking here
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| Ag Credit Conditions Continue to Steadily Deteriorate in the First Quarter of 2019 According to KC Fed
Farm income decreased across the Tenth Federal Reserve District and the trend of steady deterioration in agricultural credit conditions continued in the first quarter of 2019 according to the Kansas City Fed's quarterly Agricultural Credit Survey.
Reductions in farm income were sharpest in Nebraska and Missouri, states heavily concentrated in corn and soybean production. While some areas were heavily affected by spring flooding and blizzards, it may be months before the full impact to farm income is realized as immediate damage and implications for the 2019 operating cycle were being evaluated.
As farm income remained low, demand for farm loans remained high and the ability of farm borrowers to repay loans weakened at a slightly faster pace than in previous quarters. In addition, carry-over debt increased again for many borrowers and bankers continued to restructure debt and deny a modest amount of new loan requests due to cash flow shortages.
Farm real estate values in the Tenth District were relatively steady compared with a year ago despite pressure from weaknesses in the farm sector and higher interest rates. In fact, the value of nonirrigated cropland increased slightly for the first time since 2015.
Read the complete article and access the full report for more in-depth information on the trends being monitored by the KC Fed, by clicking over to our website.
The weather has continued to dominate the start of the 2019 cotton season. Cooler than normal and saturated fields have prevented the start of planting this year. Cotton farmers across the state are hopeful the weather will start cooperating soon. According to the latest news out from OSU's SW Research Station, planting conditions are currently not ideal nor will be until next week. OSU Extension advises farmers to evaluate every field at the time of planting to ensure that good emergence occurs. This is critical because of seed availability and the shorter planting window replanting may not be an option.
As farmers wait for planting conditions to improve, OSU Extension has offered a few tips to consider. First of all, when farmers do arrive at a window to get their crop in the ground - consider delaying your planting until 1) mid-morning temperatures in the rooting zone exceed 60 degrees F° at a 6-inch planting depth, and 68 degrees F° at the 2-inch depth; 2) the five-day forecast indicates dry conditions and at least 25 DD60 heat units; and 3) the five-day forecast projects low temperatures above 50 degrees F°.
As farmers plan for their planting, they should also keep in mind that obtaining quality seed is paramount to a successful crop. OSU reiterates that a favorable 5-day forecast is also something to be sure of before planting to optimize your chances of success.
for more tips and information from OSU Extension to consider before you start planting your cotton crop this year.
Weather is on the mind of a lot of people this spring, especially beef producers as well as their counterparts in the grain industry, who have suffered one extreme weather event after another since the start of the year it seems. OSU's Dr. Derrell Peel talked with us this week about the weather and how it might impact the beef market. The big concern right now is the large amount of moisture that has accumulated not only in our neck of the woods but across the Corn Belt where the hope is that farmers will have enough time to plant a big corn crop to keep feed costs down for our beef producers.
The US corn crop is well-behind its planting schedule currently. The latest USDA Crop Progress report pegged the crop at just 23 percent planted, half its normal rate for this time of year. Peel says that if farmers go another 10 to 14 days without making any significant progress in planting, we could see some weather markets start to impact corn prices. As a result, livestock producers might be compelled to adjust their feed purchases and bring more attention to the crop market than usual.
According to Peel, cattle markets overall have followed a fairly seasonal pattern in feeder and fed cattle prices moving up to a peak in the first quarter of 2019. Boxed beef prices peaked in April as well. These prices have started to drop off though on the backside of that peak and as a result of some mounting seasonal supply pressure that has started to weigh on the market.
Listen to Peel's full analysis of the current beef market and how recent weather has factored into its performance, on yesterday's Beef Buzz - click here.
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
Anderson Says the Projected Wheat Totals for the Year are Up Significantly Compared to Last Year
Lyndall Stout, SUNUP host, spoke with Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson about the future of export markets for the US.
Anderson talked about how the markets are looking for the future of wheat around the globe, and here in the US. He also touched on the projections for the upcoming year.
Dr. Anderson, spoke about the Oklahoma forward contracted wheat markets, and how they will affect the final outcome.
You can read the full story from the SUNUP segment by clicking or tapping here. Our story also includes a rundown of this weekend's complete SUNUP that can be seen on OETA Saturday and Sunday.
The producer education team at the National Cattlemen's Beef Association, a contractor to the Beef Checkoff, has published and is in the process of distributing a new 124-page Beef Quality Assurance national manual, addressing topics such as food safety, animal well-being, worker safety and environmental stewardship. It provides specific information to help producers approach management decisions in a way that acknowledges a responsibility to the animals, consumers, the environment and the larger beef industry.
The manual includes the most current set of key practices, guidelines and suggestions for providing thoughtful and responsible cattle management focused on six key objectives including production standards, data retention, hands-on training and education, technical assistance and maintaining a foundation of continuous improvement and responsible cattle management.
The BQA Program is a cooperative effort between beef producers, veterinarians, nutritionists, extension staff and other professionals from veterinary medical associations and allied industries, promoting principles that instill consumer confidence in beef and responsible production.
To view the new BQA manual or for information on how you can become BQA certified, click here.
| More Rust and Septoria Being Seen in Oklahoma Wheat Fields- So Says OSU Plant Pathologist Dr. Bob Hunger
Reports of Rust are showing up in greater frequency and severity across the Oklahoma Hard Red Winter Wheat Belt- so says OSU Plant Pathologist Dr. Bob Hunger. Here is a portion of his latest report released on Thursday afternoon:
"This past week in addition to looking at wheat around Stillwater, Dr. Tom Royer (OSU Entomologist) and I were at field days on Monday (6-May) near Kildare in north-central OK (Kay County) followed by a stop at the Experiment Station near Lahoma (15 miles west of Enid) and another field day near Cherokee in Alfalfa County (north and west of Enid and about 20 miles south of KS). That was followed on Tuesday by a field day at Kingfisher (about 25 miles northwest of Oklahoma City) and field visits northwest of Kingfisher near Loyal. Across these areas wheat ranged from heading to full kernel formed (watery to start of milky). In southwestern OK, wheat ranges from ¼ kernel to milky whole kernels with the dough stages approaching quickly.
"In north-central OK near Kildare, wheat was mostly clean with Septoria tritici blotch being the most noticeable disease on lower leaves. No significant stripe or leaf rust was observed, and powdery mildew could be found but was sparse. By contrast, wheat at Lahoma showed significant leaf and stripe rust with leaf rust being the most prevalent. However, whereas the rusts could be found in many of the wheat breeding nurseries, both rusts were lacking in the large variety trial with stripe rust being present at only a low severity. In some varieties and breeder lines, leaves were quickly deteriorating. At Cherokee, heavy rain on Sunday had saturated the area and more rain fell on Wednesday. Rust was light in the variety trial with stripe rust again being the most prevalent albeit again at a low incidence and severity. At Kingfisher on Tuesday, leaf rust was the most prevalent foliar disease with Septoria tritici blotch also present on lower foliage.
In southwestern Oklahoma- leaf rust, stripe rust and Septoria tritici blotch have become severe according to both Heath Sanders (SW OK Area Extn Agronomy Spclt) and Gary Strickland (Extn Educator; Jackson Cnty). Gary indicated that this is only the second time he has seen Septoria tritici blotch severe on flag leaves. Leaf rust also is severe as shown in the photo from Don Atkinson:
Dr. Hunger is on the program this morning in Lahoma- he will be offering additional comments at that time, I suspect.
The question producers are asking- can the crop finish with grain fill before the leaves of the plant are damaged to the point of interfering with that grain fill?
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