Oklahoma's Latest Farm

And Ranch News

Friday, June 28, 2024

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Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

  • This Week’s Oklahoma Drought Monitor Sees Decreases in Some Categories

  • Lance Zimmerman says Heifer Retention is the Next Step in Stabilizing Cattle Markets

  • Dangerous Heat Conditions on Tap for this Weekend

  • Federal Emergency Management Agency Designates 24 Oklahoma Counties as Primary Natural Disaster Areas

  • Kim Anderson Expects Increases in Wheat Prices to Come

  • US Hog Numbers in June Up One Percent- But Oklahoma's Herd Drops Five Percent

  • Pollinators Support Agriculture Profitability

  • CAB Insider: Packer Margins Back in the Black

This Week’s Oklahoma Drought Monitor Sees Decreases in Some Categories

According to the latest Oklahoma drought monitor report, exceptional drought and extreme drought remain at zero percent, unchanged from the start of the calendar year.

Severe drought or worse is now at 1.03 percent, slightly down from last week’s 1.20 percent.

Moderate drought or worse is now at 20.48 percent, slightly down from last week’s 20.82 percent.

Abnormally dry or worse conditions are now at 52.12 percent, up from last week’s 37.17 percent.

Our neighbors in Kansas continue to have more drought covering their state than Oklahoma- 60.8% of Kansas is abnormally dry or worse- up from 55% a week ago. The Moderate Drought or worse status actually improved in Kansas- dropping four percentage points this week versus last to 28%- a year ago- Kansas was suffering 85% in D1 or worse.

Texas also has about one fourth of their state in moderate drought or worse- at 25% this week- a drop from 29% from a week ago.

Click here to read read a national drought summary and see this week's charts and graphs

Sponsor Spotlight

Oklahoma AgCredit supports rural Oklahoma with reliable and consistent credit, today and tomorrow. We offer loans for land, livestock, equipment, operating costs and country homes (NMLSR #809962) to farmers, ranchers and rural businesses across 60 counties. As a cooperative, we are owned by the members we serve. Through our Patronage Program, we have returned more than $74 million to our members since 1997.

For more information on our services or to find a location near you, visit our website here. 

Lance Zimmerman says Heifer Retention is the Next Step in Stabilizing Cattle Markets

In this episode of Beef Buzz, I am visiting with senior beef and cattle market research analyst at Rabo AgriFinance, Lance Zimmerman, about midterm movement in the beef markets. He said that although April and May retail prices were just short of $8 per pound, a record high, beef demand has held up exceptionally well. While higher prices were expected this year, most thought it would be because supplies were going to be down.

Certain aspects of supplies are behaving as expected, slaughter being the main one. From a year-to-date, year and a half to slaughter is down about a percentage point. Beef cow slaughter is down 17% year to date in the weekly data, and total cow and bull slaughter, including dairy cows and bulls, is down similarly at 15% to 16%.

Zimmerman explained how producers have offset those declines with increases in carcass weights, saying, “Although steer carcass weights should be at their seasonal lows, right now, and perhaps they are for the second quarter, they are well above the lows we entered in late January and early February after some of those winter storms, and about 20 pounds plus above where we were a year ago.”

The reason weights are higher is because of the spread between the fed cattle market and the current cost to gain in feed yards is incredibly wide. The feed yard has every incentive in the world to keep feeding the cattle they have longer. The opportunity to bring new placements into the feed yards at a guaranteed profit, based on where the futures market is today, is a tough sell. Bringing new placements in this summer and looking to market them later this winter is risky.

Click here to read more and listen to Ron Hays talk with Lance Zimmerman about movement in the beef market

Dangerous Heat Conditions on Tap for this Weekend

Even though it is summer in Oklahoma, extreme heat has settled in much earlier than we had hoped. According to State Climatologist Gary McManus, “There’s a natural order of things in weather and climate that even Mother Nature tends to follow here in Oklahoma. Not always, of course. That’s where we get extremes. Extremes, like yesterday, upend the normal order of things and cause problems. We usually get a ramp-up of the heat over June into July that allows some acclimation. Not that there’s really too much acclimation to 117 degrees, but when it’s suddenly hitting the heat index maps after just a few days of oppressive heat, it’s all the more dangerous.”

So even while most Oklahomans are used to the summer heat, McManus says extreme this early is not a normal occurrence. McManus said this is an extreme for June, and it is dangerous to the health and safety of Oklahomans. We have already seen excessive heat watches start to pop up across the state, “NWS Tulsa already has part of its region in an Excessive Heat Watch for tomorrow, and expect much of the state to follow suit for Friday.”

McManus says we may also see some thunderstorms pop up across the state with the possibility of hail and high winds, “All this heat and humidity should continue generating some storms over the next few days..."

Click here to read more from McManus and see the latest weather charts
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a daily report heard on several of our Radio Stations- It's Called Cotton Talk!

Click on the Button below to listen to our most recent report
Click here for our Latest Cotton Talk- Hosted by KC Sheperd

Federal Emergency Management Agency Designates 24 Oklahoma Counties as Primary Natural Disaster Areas

This Presidential disaster declaration allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation, or to refinance certain debts. FSA will review the loans based on the extent of losses, security available, and repayment ability. 

Impacted Area: Oklahoma

Triggering Disaster: Severe storms, straight-line winds, and tornadoes that occurred on April 24, 2024 and continuing

Application Deadline: December 19, 2024

Primary Counties Eligible: Hughes, Love, Murray

Contiguous Counties Also Eligible:

Oklahoma: Carter, Coal, Garvin, Jefferson, Johnston, McIntosh, Marshall, Okfuskee, Pittsburg, Pontotoc,


Click here to see more counties eligible for application

We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-

if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
Listen to our Friday morning farm and ranch news with KC Sheperd
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Sponsor Spotlight

Oklahoma Farm Bureau works to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization led by Oklahoma farmers and ranchers, OKFB takes grassroots values and advocates for agriculture at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. Farm Bureau hosts leadership events, supports our state’s agricultural youth and connects consumers with agriculture in order to build a brighter future for our state. Become an OKFB member today online at okfarmbureau.org/join. Together, we are rural Oklahoma.

Kim Anderson Expects Increases in Wheat Prices to Come

This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about the latest in the crop markets.

The world wheat market is around 40 to 45 percent complete at this time which speaks for strong production outcomes. Wheat prices could easily see an increase in the coming months. Russia’s wheat harvest is down to 2.9 billion bushels from January/February’s 3.4 billion which helps out on wheat prices.

Anderson said, “We came in June 1 around $6.65, and we’ve peaked out around $6.85 in mid-May. Now, at the end of June, we are down to around $5.35, so they’ve gone down. The average harvest price for Oklahoma is $5.85. That is June, July, and August. We’ve averaged that since 2009.”

Anderson advises wheat producers to have a mechanical strategy and move it in the market over time.

While India harvested a record crop this year, reports indicate a supply problem with wheat. Norway plans to build stocks. Wheat harvest pressure hasn’t ended, yet, but market indicators should mean increased wheat prices.

Click here to listen to Kim Anderson talk about the crop markets and see the lineup for this week on SUNUP

US Hog Numbers in June Up One Percent- But Oklahoma's Herd Drops Five Percent

United States inventory of all hogs and pigs on June 1, 2024, was 74.5 million head. This was up 1% from June 1, 2023, and up slightly from March 1, 2024, USDA NASS reported on Thursday. Click here for the complete report.

Breeding inventory, at 6.01 million head, was down 3% from last year, and down slightly from the previous quarter.

Oklahoma breeding sow numbers grew by two percent compared to a year ago- with the state now home to 480,000 sows- the sixth largest state in the US in breeding hog numbers. Many of the weaned pigs produced by Oklahoma farmers are shipped north into the corn belt where feed supplies are more plentiful. Total hog numbers in the state as of June first was five percent smaller than June of 2023 at 2.08 million head- making the state the tenth largest total hog inventory state in the US.

Read More about the USDA Quarterly Hog Report Here

Pollinators Support Agriculture Profitability

Pollinators improve the quality and quantity of farmers’ crop yields, adding an estimated $18 billion in crop production revenue annually. While honey bees are the most common commercial pollinator in the U.S., pollinators also include birds, bats, lizards, rodents, moths, butterflies and other insects. Pollinators are vital to pollinating more than 100 commonly grown crops. Additionally, pollinators are crucial elements within healthy and biodiverse ecosystems. However, as significant pollinators are to our ecosystems, their numbers continue to decline. 

Pollinator species are at risk because of a variety of factors including a changing climate, pesticides, pathogens and land use change. With funding from a number USDA’s National Institute of Food and Agriculture programs including both competitive and capacity programs, Land-grant Universities across the nation are working together to improve habitats and protect pollinators. 

Click here to read about highlighted efforts to support pollinators 

CAB Insider: Packer Margins Back in the Black

Last week’s federally inspected cattle harvest came in a bit larger at 620,000 head, the largest sum since the week of April 29. June, however, tends to be one of the largest harvest months of the year so this uptick is within seasonal expectations. 

Analyst estimates of packer margins are indicating returns in the general range of plus $20/cwt. in recent days. This is a good sign for the supply chain, regardless of sector, given the importance of profitability to incentivize throughput with record-heavy carcass weights.

Fed cattle prices have been exciting lately as Nebraska and Iowa prices have topped the market in the $199/cwt. range on a live basis over the past two weeks. This level is a feature of a region that’s running short on market-ready cattle supply. 

Click here to read the full CAB Insider report
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:
Ron on RON Markets as heard on K101  
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Hear Today's First Look

Wholesale Boxed Beef Prices were lower- Choice Beef was up 48 cents and Select Beef was down 16 cents on Thursday 06/27/2024.

Click on the Button below for the latest report from USDA Market News

Boxed Beef Report

Weekly Cattle Auction Reports

The buttons below allow you to check out the weekly Cattle Auctions in the region that we post on our website and here in our daily email update:

Oklahoma National Stockyards Market Report from 06/24/2024
Tulsa Stockyards for Monday 06/24/2024 - Tulsa will be closed July 1 for Fourth of July Holiday
Joplin Regional Stockyards Market from Monday 06/24/2024
Oklahoma National Stockyards Replacement Cattle for Tuesday 06/25/2024
OKC West in El Reno Market Report from 06/25 and 06/26/2024
Woodward Livestock Market from Thursday 06/27/2024
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futuresclick below for the latest update on the Livestock and Grain Futures Trade..
Click Here to Listen to Justin's Commentary From 06/27/2024
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
Read  Cash Grains Report from 06/27/2024
Our Daily Market Wrapup from the Radio Oklahoma Ag Network - analyzing the Futures Markets for that trading day- as reported by KC Sheperd.
Click to Listen to Our Weekday Wrap with KC
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA Market News
Read Report
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.
Read Report
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm/Ranch Broadcaster and Editor
KC Sheperd, Farm Director and Editor

Dave Lanning, Markets and Production

Reagan Calk, Farm News and Email Editor

Pam Arterburn, Calendar and Template Manager

Podcasts From Oklahoma Farm Report and More

Two of our regular reports are also podcasts that you can subscribe to- Our daily Farm and Ranch News with KC Sheperdavailable here on the Apple Podcast Platform

The second is our daily Beef Buzz with Ron Haysavailable here on the Apple Podcast Platform

Periodically- we offer interviews on our Ag Perspectives Podcast series- this podcast is available here.

Ron has also has a series of podcasts from interviews with newsmakers at the Cattlemen's Congress- Click here or you can find them on your favorite Podcast platform- look for them by searching for Cattlemen's Congress Conversations.

We are making plans to jump back into regular installments of what has been called the Road to Rural Prosperity- a new name and fresh content is in the works- for now- click on the blue button below for one of our favorites that is a timeless classic.

Listen to Episode 86 with Ron Hays talking with one of the legends in the Beef Cattle Business- Bob Drake of Davis, Oklahoma
Listen to Ron
Beef Buzz
Blue Green Gazette
Market Links
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm BureauOklahoma Ag Mediation ProgramGreat Plains KubotaStillwater Milling CompanyNational Livestock Credit CorporationOklahoma Beef CouncilOklahoma AgCredit, the Oklahoma Cattlemens Association, Invenergy Oklahoma 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.

Head to Our Website OklahomaFarmReport.Com
God Bless!
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Farm Director
Radio Oklahoma Ag Network


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Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network

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