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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.
 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:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
FedCattleExchange.com offered 423 head during their Wednesday sale with 53 cattle actually selling. Click here to see their complete market results.
OKC West reported 11,375 head of cattle this week- with yearling steers and heifers SHARPLY higher- $7 to $9 higher- for the complete report- click or tap here.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures- click here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Futures Wrap:
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, July 11, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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Featured Story:
Surprising new drivers are emerging in the ongoing consolidation of agricultural cooperatives. Although co-ops continue to consolidate to gain business efficiencies, management succession and employee recruitment are among the new factors driving consolidation, according to a new report from CoBank's Knowledge Exchange division. The report identifies key drivers of the long-term consolidation trend and includes perspectives from several co-op executives and other experts across the United States.
"Co-ops have continued to consolidate even as the number of farms and farmers has stabilized," said Dan Kowalski, vice president, Knowledge Exchange, CoBank. "That signals a transition from the defensive consolidations we've seen in the past to the offensive consolidations we're seeing more recently."
Farm cooperatives consolidating mirrors the trend in production agriculture. Farms are larger now than ever, with the average size being 444 acres in 2017, up from 418 acres 10 years earlier. Businesses that serve American farms are combining forces to compete and serve larger farms better. The report indicates that while co-op numbers continue to shrink, the number of co-op owned facilities and locations seems to be steady or growing. And the average co-op now employs more than 100 people, a 33% increase over the last 20 years.
You can read more about the drivers of cooperative consolidations, by clicking or tapping here.
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Sponsor Spotlight
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
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Funding from the United Soybean Board will support research and education regarding dredging and channel improvements on the Mississippi River near the Port of New Orleans. USB chair Keith Tapp says the research on deepening the channel could "improve global competitiveness and capabilities," which in turn makes it easier to deliver products to export customers. The project sets the foundation needed to improve the draft of the lower Mississippi River from 45 feet to 50 feet. Deepening the channel to 50 feet will allow a load increase from 66,000 metric tons to 78,000 metric tons, saving upward of $20 per metric ton when loading greater volumes onto one ship. The savings are expected to translate to a margin of 13 cents per bushel for barge river elevators exporting soybeans. USB is providing $2 million to help offset research costs related to the project. The American Soybean Association, the Soy Transportation Coalition and several state soybean groups are also funding the research.
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The third quarter of 2019 has officially arrived. Jim Robb is senior economist at the Livestock Marketing Information Center, and he indicates that all in all, the beef market is looking fairly good when compared to last year. In a recent interview, Robb reported that production and slaughter have been slightly down. The supply side, although running a bit higher more recently, has had a bit of decline. Even so, he says the boxed-beef cutout has actually held together quite well.
"In contrast to last year we're stronger. We're fully $9/cwt above a year ago at $9.63 on the Choice cutout which is 4.6% - so the market is kind of moving sideways on the fed cattle side and being rather supported on a year-over-year basis by the wholesale beef market," he reported, explaining why the fact that beef cutout prices are above a year ago is so significant. "The cutout is really the key underpinning of the marketplace and then also, cattle have been marketed very aggressively. So, when you put the puzzle together, it says we're very current in feedyards."
Robb says this could potentially mean that feeders may not need to move as many cattle, perhaps even less than last year. It might even give feedlots the opportunity to wait on prices for a little while, he added.
You can listen to what Robb had to say about the cattle market as we begin the 3rd quarter in 2019, from Wednesday's Beef Buzz - here.
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The group, Solution from the Land, outlined its argument of how the EPA has failed to meet the Administration's commitment to farmers and rural America in an op-ed piece published this week.
According to SfL, "There was likely some forethought behind the EPA's release of its final biofuel blending obligations on what would be expected to be a low-profile news day - the Friday after Thursday's Fourth of July. But the reaction across the sector was loud and unhappy, and that discontent will reverberate for weeks, if not months.
"The EPA's proposed Renewable Volume Obligations (RVOs) - blending targets set under the Renewable Fuels Standard (RFS) for most biofuels next year and for biodiesel in 2021 fails to recognize the sector's increased production capabilities. But more critically, the proposal also reneges on a promise to restore huge amounts of ethanol and biodiesel lost to questionable 'hardship' waivers from RFS obligations being granted to refiners by the agency in unprecedented numbers under the Trump administration."
You can read the entire op-ed from Solution from the Land regarding the decisions by the EPA over on our website - here.
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Sponsor Spotlight
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
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In this week's "Cow Calf Corner" Dr. Glenn Selk discusses the impact of high pressure heat domes on cattle and how understanding that can help producers better plan for their breeding season.
"In hot weather the first thing to suffer in your herd is reproductive efficiency. Reproductive problems can range from poor fertility to no fertility," Selk writes. "In some males high core body temperature causes suppression of libido, but that is only the beginning of the problems. In male mammals the testicles cannot produce or maintain sperm cells at body temperature. Sperm cell formation, or spermatogenesis, starts to decrease when the testicular temperature rises as little as 1/2 degree and sperm cells start to die if the testicular temperature rises as much as 2 degrees above optimum. This can be significant because if extremely hot weather causes the death or deformation of sperm in the male system it can take as long as 6 weeks for new cells to be formed and mature. This can result in a temporary sterility. Research has shown that in females, high body temperatures can result in lowered conception rates and embryonic death. Excessive heat affects embryo survival and fetal development most markedly during the first 21 to 30 days after breeding.
"When the reduced fertility of the male is multiplied by the reduced conception rate and embryo survival in the female, it becomes apparent why reproductive rates in cattle in late July and August are often quite disappointing."
You can read more from Dr. Selk about how the extreme temperatures affect your herd, by clicking or tapping here.
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Corteva Agriscience is working with more than 100 independent seed companies to broadly license the Enlist E3™ soybean trait. These efforts will enable wide availability for 2020 and beyond, making Enlist E3 soybeans available to growers who need advanced weed control solutions.
"The goal is to bring the benefits of Enlist E3 soybeans to growers in their preferred brands," said Al Carlson, Licensing and Distribution Leader at Corteva Agriscience. "Corteva Agriscience is proud to work with seed companies to make Enlist E3 soybeans available to their customers. Enlist E3 soybeans fit across a wide range of geographies and maturities, helping growers everywhere achieve excellent weed control and strong yields."
Corteva projects that Enlist E3 soybeans will be planted on at least 10% of U.S. soybean acres in 2020. Farmers can visit Enlist.com for a list of seed companies who have collaborated with Corteva to offer the Enlist E3 soybean trait. Enlist E3 soybeans also are available from Corteva Agriscience™ brands: Pioneer®, Mycogen Seeds, AgVenture, Dairyland Seed, Hoegemeyer Hybrids, NuTech Seed®, Seed Consultants and Terral Seed.
You can read more about Corteva's Enlist E3 technology and how it can benefit famers, by clicking or tapping here.
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Pecan growers who are interested in learning more about crop load thinning should make plans to attend the Pecan Crop Loading Thinning Field Day on August 1st.
"There's potential for a great harvest this year looking at the number of clusters found on most trees across the state," said Becky Carroll, OSU Cooperative Extension associate specialist, fruits and pecans. "We're estimating about 28 million pounds of pecans will be harvested this year. With big pecan crops, quality can be affected. Crop load thinning was developed at OSU many years ago to help with improved pecan varieties."
The field day will be hosted at the Cimarron Valley Research Station, near Perkins, Oklahoma. Check-in will begin at 2:30 p.m. and the workshop will take place from 3:00 p.m. to 6:00 p.m. Dinner is included at the free event, however registration is required by July 30.
You can learn more about how to register and what to expect during the field day over on our website - here.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National 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 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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