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Let's Check the Markets!
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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.
has 315 cattle in their showlist for the Wednesday, June 19th sale of finished cattle - click here
to jump to the website.
At the Oklahoma National Stockyards
on Monday- 7,850 head of cattle were reported with yearling prices significantly lower than a week ago- generally steady to $5 lower than a week ago- click or tap here
for the complete report from the USDA.
At OKC West Livestock Auction
in El Reno Monday, slaughter cows sold 1.00-3.00 higher. Slaughter bulls too lightly tested for an adequate market test. Click here
for the complete sale report.
Steer and Heifer Calves Steady to $3.00 Higher and Yearlings Steady at Joplin Regional
on Monday- Click or tap here
for the complete report from USDA.
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
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, June 18, 2019
| Featured Story: Wheat Harvest-Oklahoma 16%- Kansas 1% Done While Millions of Corn and Soybean Acres Left Unplanted
Monday, the USDA weekly Crop Progress report showed farmers had planted an estimated 92 percent of corn, and 77 percent of soybeans this spring. USDA reports 79 percent corn and 55 percent of soybeans have emerged. For this time of year, the five-year average shows corn plantings are usually finished with 93 percent of soybeans planted. Bloomberg is saying we are close to NINE MILLION Acres of corn and soybeans that will not be planted this year(read more about this in our Crop Progress story on the web)
Farmers are also behind normal progress when it comes to planting cotton- 89% planted this year versus the five year average of 94% and with Sorghum- 69% now in the ground versus the five year average of 81% by this date.
As for winter wheat, the USDA is reporting 14 percent of the 2019 crop has been harvested. That is only a third of the progress that was made in comparison to this time last year and 16 points lower than the normal pace. Here in southern plains, Texas has now harvested 42% of their crop, Oklahoma 16% and Kansas barely started with one percent harvested. Wheat's condition this week nationwide rates 64 percent good to excellent, 27 fair and 9 percent poor to very poor - quite better than the condition of the previous crop during the 2018 harvest season.
To review the complete USDA Crop Progress Report for this week, released Monday, June 17, 2019, click or tap here
In Oklahoma, wheat harvest continues to progress this week with 16 percent of the crop harvested, far from 70 a year ago at this time and 56 percent on average over the last five years. Wheat's condition rates 8 poor to very poor, 23 fair and 69 percent good to excellent. Click here
to review this week's complete Crop Progress Report for Oklahoma.
In Kansas, winter wheat condition rated 3 percent very poor, 10 poor, 29 fair, 46 good, and 12 excellent. Winter wheat coloring was 79 percent, behind 92 last year and 90 for the five-year average. Mature was 21 percent, well behind 59 last year. Harvested was 1 percent, behind 20 last year and 12 average. Click here
to review this week's complete Crop Progress Report for Kansas.
And finally across Texas, winter wheat harvest has reached 42 percent, compared to 64 percent last year and 56 the average. Wheat's condition rates 18 excellent, 45 good, 31 fair and 5 poor to very poor. Click here
to review this week's complete Crop Progress Report for Texas.
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Harvest Progress Creeps Higher- Oklahoma Wheat Commission Calls Harvest 19% Complete
According to the Oklahoma Wheat Commission's latest report issued Monday evening, harvest continued to move across the state from the Oklahoma Texas border to the Oklahoma Kansas border until Saturday evening this past weekend due to rain delays. Central Oklahoma and North Central Oklahoma will likely be delayed in most regions due to the moisture received this past weekend. Producers are hopeful combines can get back into the fields on the drier sandier ground. In all regions combines have been falling in the fields because in many places the ground cannot hold them.
Despite these challenges, OWC Executive Director Mike Schutle says reports of yields and test weights continue to be positive; however, producers and elevator managers remain concerned about the level of quality with continued predicted moisture for this coming week. Protein reports continue to range all over the board from 9.5 to as high as 13 percent depending on location and management practices. As of Monday, statewide protein averages across the state are ranging from 10.5 to 11.3 percent for the most part.
YOU MAY ASK- Why the different numbers???? Well, the USDA folks have a set methodology and contacts they are working with while the Wheat Commission has contacts that are both the same in some areas and not the same in others- while the numbers are a few points apart- it's important to note that we simply DID NOT make much progress the second half of last week before the weekend rains came in and stopped everybody dead in their tracks.
Once you have fields that are saturated- it takes time to dry things out to a point where the fields will support the machinery and it takes time for the wheat moisture levels to come down where you can combine that wheat and get the elevator to accept it.
One thing is obvious- this is a well behind normal wheat harvest season- the thing to pray for- the wheat still in the field can hold onto most of the quality attributes bred into it until we get it out of the field!
Oklahoma Cattlemen's Foundation Partners with Oklahoma AgCredit in Statewide Flooding Crisis Relief Effort
The Oklahoma Cattlemen's Foundation (OCF) is utilizing their permanent Natural Disaster Relief Fund to foster charities, like the phenomenal $25 thousand contribution by Oklahoma AgCredit, to aid cattlemen affected by on-going flooding and severe weather throughout Oklahoma.
"It goes to show how rural America and members of the ranching community help each other in times of need," said Taylor Shackelford of the OCF, a charitable arm of the Oklahoma Cattlemen's Association. "This generous contribution by Oklahoma AgCredit further proves their dedication to cattlemen across the state, no matter the circumstance. The OCF is dedicated to providing maximum support as long as the funds allow, but applications won't open immediately. OCF and Oklahoma AgCredit will work together in the weeks ahead to decide what the process will look like and will gather more complete data from affected regions."
The duration for acceptance of applications has not yet been determined, but information will be announced at www.okcattlemen.org.
You can read more about the Natural Disaster Relief over on our website - here.
OSU's Derrell Peel Talks About the Abundance of Moisture in Most Regions and Dry Conditions in Other Regions
On this week's version of "Cow Calf Corner" Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, talks about the abundance of moisture in some regions in the United States and others are starting to dry out.
Peel says there are no major drought conditions in the U.S. though emerging dry conditions are evident in the Pacific Northwest and the Southeast. While most of the country has abundant and sometimes excessive moisture.
"In Nebraska, the Platte River remains swollen and farmland along the river shows corn of various heights reflecting delayed planting in some cases," Peel said.
While the grass is green across most of the country, Peel says, the biggest impression from his trip from Oklahoma to Montana was the swollen condition of all the rivers. He says it is apparent that the flooding will persist for some time after seeing the upper Missouri, the Yellowstone, and the North Platte and Platte rivers.
You can read all of Peel's analysis on this week's "Cow Calf Corner" by clicking or tapping here.
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.
Texas Tech University Celebrates Funding, Legislative Approval for School of Veterinary Medicine
Yesterday Texas Tech University System officials recognized all who played a part in helping secure funding from the Texas Legislature that will help establish the Texas Tech University School of Veterinary Medicine.
On Saturday, June 15th, Governor Greg Abbott signed into law the state budget for the next two years, which has $17.35 million appropriated for the School of Veterinary Medicine in Amarillo that will go toward getting the school up and running.
The Texas Tech School of Veterinary Medicine represents a historic opportunity to serve the needs of our state, and reflects the efforts of many people, who recognized a significant veterinary need in Texas and supported this important initiative," said Lawrence Schovanec, Texas Tech President.
You can read more about the new Texas Tech University School of Veterinary Medicine, by clicking or tapping here.
Beef Industry Experts Don Close and Kent Bacus Explain Why Mandatory Labelling Isn't So "COOL" After All
Most of the US cattle industry agrees that the Mandatory Country of Origin Labelling (MCOOL) laws that we previously had in place against cattle coming in from Mexico and Canada, was eventually ruled illegal by the World Trade Organization. There are still groups that was MCOOL brought back though. Don Close, vice president for food and agribusiness animal protein at Rabo Agrifinance, commented recently that if you look closely at the impact MCOOL had on the US beef market, you can begin to understand how truly disastrous it was.
"The initial discounts on Mexican feeder cattle to the US were as high as $150 a head. Cattle feeders were just bidding in absolute uncertainty. That paved the way for the segregation of those cattle at the feedyard," Close said, explaining how this segregated system eventually manifested into increased costs to the processors.
Essentially, this helped Mexico sharpen its competitive edge with the US. Close says had it not been for MCOOL, this never would have occurred. Kent Bacus, director of international markets and trade access for the National Cattlemen's Beef Association, says he agrees with Close in calling MCOOL a failed government policy.
You can listen to the whole conversation from Close and Bacus about MCOOL on the Beef Buzz - here.
Emergency Watershed Program Helps Cities and Counties Affected by Recent Flooding
In the Monday edition of our email, you may recall our story on the Emergency Watershed Program available through the USDA's Natural Resources Conservation Service. While this program is certainly of benefit to rural citizens and our agricultural producers, this program is not like others we typically draw your attention to in our coverage. This program is not designed specifically for individual application, but rather for communities. Public and private landowners can apply for assistance through the EWP Program but must have a sponsor. Those eligible sponsors include cities, counties, towns, conservation districts, flood and water control districts, or any federally recognized Native American tribe or tribal organization.
Through this process, the NRCS is able to establish non-traditional partnerships with sponsors to address serious impacts resulting from natural disasters - be it to protect public infrastructure or prevent environmental hazards. NRCS accomplished this via the provision of financial and technical assistance for projects such as debris removal from stream channels, road culverts, and bridges; the reshaping and protection of eroded streambanks that are threatening infrastructure; the correction of damages to drainage facilities; the establishment of vegetative cover on critically eroding lands to protect infrastructure, and by repairing conservation practices, including flood-water retarding to protect infrastructure.
To learn more about the EWP and how it can help your community or those around you that have been impacted by the recent flooding events that have occurred here in the state, we encourage you to continue reading about it on our website - click or tap here
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