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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, May 31, 2019
State's 2019 Wheat Harvest Kicks Off with Combines Rolling in Southwest Oklahoma
Late Thursday afternoon, word arrived from the Oklahoma Wheat Commission that the 2019 Oklahoma wheat harvest season had officially kicked off with combines rolling in fields near the southwest corner of the state.
It's those traditional areas around Grandfield and Frederick that have once again established themselves as the starting point of the 2019 Oklahoma Wheat Harvest Season.
The OWC reports that rains have subsided in this area just long enough for producers to get in the fields. According to the report, a small load was taken in at Grandfield and approximately 10 to 12 loads have been accepted out of the field in different locations at Frederick.
At this time, no yields nor protein levels have been reported yet, but test weights have been favorable ranging from 60 to 61 lbs. per bushel.
Meanwhile, OWC Executive Director Mike Schulte says producers across the state continue to be concerned about the long-term outlook for wheat harvest and production moving forward when taking into consideration the current forecast. Here's a look at the 6 to 10 day precipitation outlook...
Click here to read the full report from the Oklahoma Wheat Commission on our website.
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2019 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2019- the dates are December 12th, 13th, and 14th.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
Federal Court Strikes at Controversial 2015 Waters of the United States Rule in Landmark Ruling
A federal court earlier this week invalidated the Environmental Protection Agency and Army Corps of Engineers' 2015 expansion of federal jurisdiction over small and isolated waters. After years of litigation in suits filed by dozens of state governments and trade groups, this is the first court to reach a final decision on the lawfulness of the 2015 Waters of the United States rule.
The U.S. Court for the Southern District of Texas ruled that the agencies violated basic requirements of fair process when they concluded the 2015 rulemaking, without first releasing for comment a key report that was the basis for many of their most controversial decisions. The order came in response to suits by a group of 17 private-sector plaintiffs that included the American Farm Bureau Federation. The groups challenged the 2015 WOTUS rule as unlawfully expanding federal jurisdiction at the expense of state and municipal authority and offending basic rules of fair process.
Several other legal challenges to the 2015 rule remain pending in federal courts across the country. The Trump administration has proposed to repeal the rule and issue a new regulation that better defines federal waters.
Beyond the AFBF- the National Cattlemen's Beef Association has also been engaged in the battle against the Obama era WOTUS- reporting in this week's Beltway Beef electronic newsletter about this decision- "As co-plaintiff in the case, NCBA argued that the 2015 rule violated several federal laws in addition to the Administrative Procedure Act, including the Clean Water Act, Commerce Clause, and the 10th Amendment. The judge did not address these issues in the ruling, but the decision nonetheless makes clear that the 2015 WOTUS rule should not stand.
"Court rulings across the country have created a patchwork of WOTUS implementation, with the 2015 rule in force in 22 states but blocked in 28. This week's ruling does not change the facts on the ground, but it does validate the Trump Administration's effort to repeal and replace the 2015 rule. NCBA hopes the decision will expedite that process, and will continue to fight in Congress and the courts to end the WOTUS nightmare for producers everywhere."
Oklahoma is one of the 22 states that WOTUS technically remains in force.
Click here to read more details or to review the court's decision for yourself.
| OSU's Kim Anderson Addressed the Flooding of Wheat Fields and the Concern Many Farmers Share
Dr. Kim Anderson, Oklahoma State University Extension Grain Market Specialist talked with SUNUP host Lyndall Stout about the flooding of wheat fields. Many wonder when they will harvest that crop or if they will be able to. It is estimated that Oklahoma lost 15 percent in overall production.
The price on wheat is up to $4.38/bu, which is up $.66/bu since May 12th. Nonetheless, Anderson says there is always a chance that the price will go up and there is a chance that the price will go down.
While all of the rain that has been dumped on Oklahoma is hurting the wheat crop, it is also making producers decide what to plant for the remainder of the summer. Some are considering planting sorghum over corn. Anderson says they need to really consider all of the factors in that decision before making it.
You can read more about what Anderson had to say about the current state of the markets in Oklahoma by clicking or tapping here.
Angus Dollar Value Index Upgraded to Meet Today's Economic Conditions, Dan Moser Explains
At the end of this month, Angus Genetics will be taking their new and improved dollar index values live. Angus Genetics President Dan Moser says these updated dollar values are going to be invaluable to cattle producers using Angus genetics to enhance their herd.
"Dollar values have been around since 2004 and have served the industry very well," he said. "But the organization felt it was time to update the dollar values with improved models and better characterize cattle for today's economic conditions."
According to Moser, these changes were brought about by the implementation of the 2016 long-range strategic Angus plan. Some changes will be more noticeable than others. And, some will facilitate the phase out of index values found to be obsolete and redundant in some cases. The final changes will be made about a year from now, in June of 2020, when a Balanced Index will be released. In the meantime, Moser says the organization will concentrate on educating producers about how to use these updated indexes so they will be comfortable with the balanced index once it is finally released.
Listen to Moser talk more about the changes being made to the dollar value index, on yesterday's Beef Buzz - click here.
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| Senators Raise Concerns that USDA Trade Aid will Continue to Benefit Foreign Corporations
Nine U.S. Senators led by Michigan Democrat Debbie Stabenow are sharing concern over U.S. trade aid going to foreign companies. With the administration using up to $1.4 billion to purchase commodities, the group says the Department of Agriculture is allowing foreign companies to profit from the plan aimed to assist U.S. farmers.
Stabenow, the top Democrat of the Senate Ag Committee, points out the first round of trade aid included purchase contracts of nearly $62.5 million in pork products from JBS USA, which is owned by Brazilian parent company JBS SA. A letter to USDA from the Senators calls the move "counterproductive," adding its "unacceptable that American taxpayers have been subsidizing competitors through trade assistance."
The letter was signed by all Democrats, including Senator Stabenow, along with Charles Schumer and Kirsten Gillibrand of New York, Ohio's Sherrod Brown, Vermont's Patrick Leahy, Connecticut's Richard Blumenthal, Washington's Patty Murray, Minnesota's Amy Klobuchar, and Wisconsin's Tammy Baldwin. Baldwin questioned the funding last week in a standalone statement following the announcement of the trade aid program.
| Council of Producers & Distributors of Agrotechnology, CropLife America Announce New Collaboration
The Council of Producers & Distributors of Agrotechnology and CropLife America signed an agreement this week. The agreement lays out a roadmap for how the organization will work together.
The agreement defines areas of collaboration that will better serve both CPDA and CLA's member companies through program and message coordination.
The companies will now share a common vision for the future of agricultural innovation and technology.
You can read more about the partnership between CPDA and CLA - here.
| Former Senate Ag Committee Chair Thad Cochran Passes Away at Age 81
US Republican Senator Thad Cochran, who represented Mississippi in Congress for more than 45 years, passed away early Thursday morning in Oxford, Miss.
Cochran, a Navy veteran who eventually served as chairman of the Senate Appropriations Committee and Senate Agriculture Committee, resigned from the Senate in April 2018 due to health concerns.
As ranking member of the Senate Agriculture Committee in the 113th Congress, Senator Cochran was the other Republican in the room as Oklahoma Congressman Frank Lucas led the efforts to enact a new five-year farm bill. It was Lucas, along with Senator Cochran and Democrats Debbie Stabenow and Collin Peterson who put together the Agricultural Act of 2014 that saw the end of direct farm program payments and established the ARC and PLC programs in the Commodity Title. The law also consolidated and reformed conservation programs- a area of passion for Senator Cochran as well as for then House Ag Committee Chair Lucas.
Current House Ag Committee Chairman Collin Peterson offered this praise for Cochran- ""Chairman Cochran was a gentleman to all who knew and worked with him, but his calm demeanor belied a skilled legislator who represented his state well. I was fortunate to work with him in his role at the Senate Agriculture Committee, where he was a strong advocate for America's farmers and ranchers as well as those who participate in the farm bill's nutrition programs."
Senate Ag Committee Chair Debbie Stabenow also praised the Mississippi Senator- "Very sad to hear of the passing of my dear friend, former Senator Thad Cochran. We were partners on the Agriculture Committee and worked to pass a historic, bipartisan Farm Bill in 2014. We are grateful for his service and he will be missed."
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