Subject: Oklahoma's Farm News Update
From: Ron Hays <ronphays@cox.net>
Date: 7/5/2019, 5:01 AM
To: ron.hays@radiooklahoma.net



 
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Carson Horn on RON.
 
  
 
MarketLinksLet'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.

 
   
OKC West Livestock Auction will be closed this week and will reopen Monday, July 8, 2019. 
 
 
FedCattleExchange.com had 392 head of cattle offered for its Wednesday, July 3rd sale of finished cattle with 53 head actually selling - click here for a look at the complete sale results. 



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 futuresclick or tap here for the report posted yesterday afternoon around 3:30 PM.
 
 
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Wednesday, July 3rd.
 
  
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
 
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
 
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
 
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
 


 
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
   Friday, July 5, 2019

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 


Ag producer sentiment took a jump up in June as producers seemed to be more optimistic about the future of the agricultural economy. The Purdue University/CME Group Ag Economy Barometer increased its index reading to 126, a jump of 25 points from May.


The index of Current Conditions saw a modest 13-point increase from May, coming in at 97 on the index scale. The Index of Future Expectations jumped 33 points to a reading of 141 in June.


Producers in the survey were asked if the Market Facilitation Program announcement affected their decisions to take or not take prevented planting payment this year. Ten percent of corn and soybean producers said the announcement did impact their decision making. One of the biggest question marks in 2019 has to do with how many acres will be involved in prevented planting. Nearly one-third of the respondents who farm corn and soybeans say they intended to take prevented planting payments on some of their corn acres. Of those who intended to take a prevented planting payment, just over half of the respondents took prevent plant on more than 15 percent of intended corn acreage.


Finally, farmers seemed more optimistic in the month of June about an eventual resolution to the trade dispute with China.


Click here to learn more about this rise in producer sentiment.



Sponsor Spotlight
 
 
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A proud member of the Farm Credit System, Oklahoma AgCredit offers loans and financial services to farmers, ranchers and country home owners. Whether you're looking for land, a country home, livestock, or equipment, Oklahoma AgCredit can help with long-term fixed rates or short-term loans for running your agricultural operation.
 
With 17 locations serving 60 counties, we're locals, too. Find an office near you to talk to a lender who understands agriculture. Financing rural Oklahoma. Equal housing lender, NMLSR ID# 809962. Call us today at 866-245-3633 or go to www.okagcredit.com.

PlainsGrainsPlains Grains Calls Oklahoma Wheat Harvest 90% Done- Kansas Moves to 34% Complete

The latest harvest report for the Hard Red Winter Wheat Belt from Plains Grains has been released- based on conditions up through July 3, 2019. Here is the text of the report released:


The 2019 HRW wheat harvest continues to roll quickly through the central and southern Great Plains as sunshine, warm temperatures, lower humidity and fewer rain events are driving the rapid pace.

Texas is now 81% complete with harvest, with the remaining areas being harvested being mainly in the far northwestern parts of the state. Oklahoma is now 90% complete, with areas in the far northwest and far northeast parts of that state still cutting.

The pace in Kansas has picked up significant speed with just over a third of the state complete with harvest- Plains Grains calls Kansas now 34% done. Southeastern areas of Colorado are now in the full swing of harvest with that state having 6% of their total harvest completed.

Plains Grains has gathered 140 samples during the harvest season to date- test weights stand at 59.9 pounds per bushel while protein now is at 11.3%.

To review all the data gathered to date- click or tap here for our Top Ag Story for this Friday.
 
   
In the history of conservation work in Oklahoma there have been several Watershed moments - a turning point - that changes the future of our state for the better. Included in these watershed moments are the Dust Bowl, devastating floods in the first half of the 1900s and the Clean Water Act. All of which resulted in legislating that would help change conservation in Oklahoma forever. 


"When we look back on 2019 and 2020 we may well recognize this as another major turning point in Natural Resource Conservation in Oklahoma," said Trey Lam, Executive Director of the Oklahoma Conservation Commission. "Once again conservation, protection and restoration of Oklahoma's renewable natural resources are a high priority to our state."


The Oklahoma Conservation Commission has seen funding increases over the last several legislative sessions. Over those years funding for State Conservation has increased 22%. The Conservation District employees have also seen a $1 per hour raise. 


You can read more about how Oklahoma may be in another Watershed moment and what it will mean for the future of Oklahoma conservation, by clicking or tapping here

   
In June of this year at the Beef Improvement Federation Conference held in South Dakota, National Cattlemen's Beef Association's Vice President of Strategic Planning and Market Research, Rick Husted, presented on the large body of research his organization has conducted to better understand today's consumers and how to effective market beef to them. Husted explains that this extensive research through focus groups and quantitative work has led to many of the strategies we see in place today including the refreshed Beef. It's What's for Dinner. brand and its consolidated companion website - a one-stop-shop for all things beef.


These and other strategies were developed based on the key positives that have been identified by NCBA's research efforts which Husted says possess the most leverage in appealing to consumers and persuading their purchasing decisions. Among those, he says producer perception is first and foremost the most important aspect of the beef business used to market to consumers. 


"That is something we understand how consumers think about and how to take action, develop promotions, messages, etc.... to really drive home the positives around beef production," Husted said, adding to that list beef's protein content and nutritional value. "Lastly, the thing we leverage most of all is the sheer pleasure - the taste of beef. Consumers love beef and we want to make sure we don't ever let them forget how great beef is. And, we do this by maintaining focus on these three through the Beef. It's What's for Dinner. brand."


Learn more about how this research is conducted and used to market to modern consumers on Wednesday's Beef Buzz with guest Rick Husted - click here.


SUNUP OSU's Kim Anderson Shares His Thoughts on the 2019 Oklahoma Wheat Crop and Prices

In his weekly visit with SUNUP host Lyndall Stout this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson addresses the outcome of this year's wheat harvest as we are within 10 percent of being complete.    


The overall wheat crop for Oklahoma was relatively acceptable for the amount of rain we had this spring delaying harvest. Test weights averaged 59 pounds and protein is around 11.5 percent average. The protein is reported to be of high milling quality. 


U.S. wheat production is projected to come in at about 1.9 billion bushels, slightly higher than last year. With only 25 percent of the world crop being harvested the world production is expected to set a new record this year. 


You can listen to the whole conversation between Anderson and Stout, and see what else is on tap for this weekend's episode of SUNUP - here


State Rep. Lonnie Sims (R-Jenks) requested an interim study to conduct a state-level review of the actions taken leading up to and in response to the historic Arkansas River Flood of 2019.


"We experienced the second most significant flood event along the Arkansas River since 1986," Sims said. "The flooding spared no community along its banks as it traversed through Northeastern Oklahoma, nor the cities and towns inundated by the overflows of lesser-known creeks and streams that feed into it."


Sims says he is interested in how the state forecasted, planned and ultimately responded to the event. He says the people that were affected by the storms deserve to know that the state has learned every possible lesson in order to be better prepared for next time. 


You can read more about the study that Rep. Sims would like to conduct by jumping over to our website


Sponsor Spotlight
 

As Oklahoma's largest John Deere dealer, P&K Equipment is proud to be your local expert source for equipment, parts, and service. As an Oklahoma-based, family-run company, the P&K network consists of 16 locations in Oklahoma, 2 locations in Arkansas, and 9 locations in Iowa. Our Oklahoma and agricultural roots run deep and our history spans over 30 years.
 
At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.



Mark McCully, American Angus Association CEO, has long studied the price difference between Choice and Select Beef. He spoke earlier this week about how the spread varies and why it matters to producers. 


"It's really a combination of both demand and supply," McCully said. "So, demand - and we think about the Choice-Select spread it's largely driven off the middle meats, in particular, the ribs. So, if you think about the calendar, typically we think about February of the seasonal low for the Choice-Select spread, which is logical. There's very little or lower demand for the middle meats and specifically ribs. When we move into the springtime, specifically into May and June, what we have is both a combination of maybe some of our lowest grading periods as well as some of our highest demand periods for rib and grilling meat." 


We all know the cattle market is unpredictable from year-to-year and even week-to-week. McCully suggests anytime there is a time in the market that is predictable producers need to take advantage. For instance, if you know you want to market your cattle for the spring highs in terms of ribs and grilling meat you should adjust your growing program to take advantage of those opportunities. 


You can watch the whole video about Choice and Select beef cuts, by clicking or tapping here



According to a new report from CoBank's Knowledge Exchange Division, domestic U.S. ethanol demand will likely be flat over the next two years under the weight of abundant production. Declining corn production this year will also squeeze margins and some ethanol plants will be forced to shut down or idle their production due to high corn prices or insufficient supplies. 


Ethanol plants had expanded capacity after several years of positive margins. However, margins began sliding in the summer of 2018 and plants have struggled to remain profitable since then. With stocks expected to remain above 900 million gallons through the remainder of 2019, margins are expected remain low and are expected to drive ethanol plants to diversify their revenue streams.


"The ethanol plant of today could turn into the corn bio-refinery of tomorrow," said Will Secor, economist, grain and farm supply, for CoBank. "One could expect co-product offerings to expand and investments in these co-product lines to increase. These co-product investments may include equipment to produce high-protein dried distiller grain with solubles, corn oil optimization, and new buyers for carbon dioxide." 



To read more on this report or to watch a video synopsis over it, click or tap here.


Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance Oklahoma Farm BureauStillwater Milling CompanyNational Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the Oklahoma Cattlemens Association 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.   
 

 
God Bless! You can reach us at the following:  
 
phone: 405-473-6144
 

 




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