Oklahoma's Latest Farm

And Ranch News

Wednesday, August 7, 2024

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

 

  • OCA Ranch Rodeo Coming up August 16-17th at the Lazy E Arena


  • Ag Economy Barometer- U.S. Farmer Sentiment Stable as Inflation Expectations Subside


  • Colin Woodall – We Need to Lower Entry Barriers for Newcomers in the Beef Cattle Industry


  • Mark Johnson Asks Is It Time To Wean?


  • National Farmers Market Week August 4-10th


  • AFR Cooperative announces its 2024-2025 Youth Advisory Council


  • Dairy Cow Slaughter Posts Strong Rebound

OCA Ranch Rodeo Coming up August 16-17th at the Lazy E Arena

At the Oklahoma Cattleman’s Convention, Intern Kate Munson visited with OCA Ranch Rodeo Committee Chairman Kent Trentman about the OCA Ranch Rodeo to be held August 16 -17, at the Lazy E Arena in Guthrie, Oklahoma.


“The eleven ranches that will be competing a mostly all in good standing with OCA and are true ranches that will represent all corners of the state. We are in coordination with the Oklahoma Ford Dealers, who is a major sponsor,” Trentman said. “We have a great committee. All of our stock has been donated because this is a charity event to benefit the Children’s Hospital Foundation.”


With the tagline “Cowboys Helping Kids,” the OCA Ranch Rodeo has benefited the Children’s Hospital Foundation by raising funds for the children’s hospital in Oklahoma City for 27 years and continues to grow each year.


“At some point in the rodeo, we’ll pass a boot through the audience and every dollar donated goes directly to the CFA,” he said.

Read more about the Ranch Rodeo and listen to Kent Trentman's interview here

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.

  

Ag Economy Barometer- U.S. Farmer Sentiment Stable as Inflation Expectations Subside

The latest report from the latest Purdue University/CME Group Ag Barometer indicates that U.S. farmers’ inflation expectations have subsided while overall producer sentiment changed little.


The December barometer recorded a reading of 114, just one point lower than in November. Both sub-indices of the barometer, the Index of Current Conditions and the Index of Future Expectations, mirrored this slight decline, settling one point below their respective November figures at 112 and 115. Notably, farmers’ inflation expectations for the upcoming year were markedly lower than those reported a year ago for 2023. This month’s Ag Economy Barometer survey was conducted from Dec. 4-8.


Farmers reported another improvement in their farms’ financial performance during the month of December. The Farm Financial Performance Index saw a 2-point increase compared to the previous month, marking a continued positive trend. Since late summer, the index has climbed 11 points, and at year-end, it was 21 points above the low point for 2023, which occurred in May.


“The shift in farmers’ perception of financial performance during the fall quarter corresponds with USDA’s (U.S. Department of Agriculture’s) more optimistic 2023 farm income outlook released in late November, which was $10 billion higher than their previous forecast,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture.


Read more about the Ag Economy Barometer Reading here

Colin Woodall – We Need to Lower Entry Barriers for Newcomers in the Beef Cattle Industry

We continue to feature parts of an extended conversation that we had recently with National Cattlemen’s Beef Association CEO Colin Woodall. One of his responsibilities is ensuring that young people have the opportunity to succeed in the beef cattle business.


To read and listen to Hays’s earlier conversation with Woodall about the Beef Checkoff, click here.


Woodall says he believes the organization has an obligation to help keep the barriers to getting into the business as low as possible.


Woodall acknowledged the barriers to entering the beef cattle industry not the least of which is the current prices of cattle and land. “One area where NCBA can have a big influence is making sure that price of entry, because of government regulations is as low as possible. That is a big focus of ours. Not only the regulation part, but also on taxes. For example, we are going to be facing a significant tax increase here in the next year, year and a half, if we can’t maintain the tax incentives and tax decreases that were passed by the Trump administration.”


Hays and Woodall also talked about the problems of getting a 2024 Farm Bill across the finish line. Woodall admitted that like everyone else involved, the NCBA is frustrated with the slow progress of the Farm Bill and emphasized that everyone in agriculture needs the certainty that the Farm Bill would provide.


“Chairman Thompson did a tremendous job getting that bill out of the House Ag Committee, but unfortunately, that is where it sets,” Woodall said. “We are in a full-fledged campaign season, so we don’t expect a whole lot more out of Congress, yet, we need them to get to work on a whole host of issues especially pushing back on some of the rules and regulations that we are seeing out of this administration.”

Read more and listen to Ron and Colin Woodall's interview here
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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




Mark Johnson Asks Is It Time To Wean?

Mark Johnson, Oklahoma State University Extension Beef Cattle Breeding Specialist, offers herd health advice as part of the weekly series known as the “Cow Calf Corner,” published electronically by Dr. Peel, Mark Johnson, and Paul Beck. Today, Johnson talks about how to know when it’s time to wean.


As of August 1, 2024, the Mesonet Oklahoma Drought indicates over 69% of Oklahoma is abnormally dry. Of that percentage over 25% of our state is rated in moderate to severe drought. One potential management solution to dwindling forage resources in cow-calf operations is weaning calves. 


The average age of beef calves weaned in the United States is a little over 7 months of age. While calves can be weaned as early as 60 days of age, this comes with quite a bit of added management. Simply weaning calves one to two months early is a cost-effective management strategy that saves body condition score (BCS) and allows thinner cows (falling below BCS of 4) to more easily recapture flesh before having their next calf. When the nutritional demands of lactation are removed by weaning there is significant reduction (15 – 20%) in the dietary energy needed by cows. Saving BCS on cows now comes with the potential benefit of improved cow productivity in the years that follow. Weaning earlier than normal is most beneficial in years when pasture forage is inadequate to support herd nutritional requirements. From the standpoint of range management, it reduces the risk of overgrazing and accordingly adds to the long-term health of the grazing system.


If you plan to wean earlier than normal to alleviate stress on cows and pastures, keep the following management practices in mind:

Read about those management practices here

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 latest Farm and Ranch News for Wednesday with KC Sheperd
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Sponsor Spotlight



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.


The Tulsa Farm Show is Oklahoma’s premier agricultural and ranching event- and returns to the SageNet Center (Expo Square) December, 12-13-14, 2024. 


Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2024 Tulsa Farm Show.  To learn more about the Tulsa Farm Show, click here


National Farmers Market Week August 4-10th

Celebrate National Farmers Market Week! Secretary Vilsack proclaimed Aug. 4-10 as National #FarmersMarketWeek to champion the direct-to-consumer producers, market managers, and customers that make their communities come alive during market days.


Whether your local farmers market is online, drive-thru, or in-person, make sure to support your local farmers during National #FarmersMarketWeek.


The Farmers Market Directory lists markets that feature two or more farm vendors selling agricultural products directly to customers at a common, recurrent physical location. Maintained by the Agricultural Marketing Service, the Directory is designed to provide customers with convenient access to information about farmers market listings to include: market locations, directions, operating times, product offerings, accepted forms of payment, and more.


USDA AMS’s new and improved Local Food Directories are up and running!

Read more about National Farmers Market Week here

AFR Cooperative announces its 2024-2025 Youth Advisory Council

American Farmers & Ranchers (AFR) Cooperative has announced its 2024-2025 AFR Youth Advisory Council. This year’s council members were chosen by popular vote during the organization’s 2024 Senior Leadership Summit, which was held July 26-29.


Members of the 2024-2025 AFR Youth Advisory Council are LeAundre Delonia, Okmulgee; Darla Fesmire, Oklahoma Union; Addyson Schneberger, Hydro-Eakly; Coy Davidson, Elgin; and Taryn McCaa, Elmore City-Pernell.


The AFR Youth Advisory Council is an opportunity for high school seniors who are active in the AFR Youth Program to further their leadership and program management skills. Council members assist in planning many AFR Youth Program events, facilitate general AFR events and act as mentors for younger Oklahoma youth. Council members also participate in agriculture-based service projects throughout the year.


“The AFR Cooperative is proud to invest in the future of Oklahoma through our state’s youth,” said AFR President Scott Blubaugh. “The AFR Youth Council is a unique opportunity to recognize and encourage some of our exceptional program participants.”

Read more about the AFR Youth Advisory Council here

Dairy Cow Slaughter Posts Strong Rebound

Dairy cow slaughter rebounded sharply in the two weeks after the holiday shortened fourth of July week.  It’s pretty normal for dairy cow slaughter to climb seasonally after early July but, the magnitude of this weekly increase is larger than usual.  Even with the rebound in culling, weekly slaughter remained smaller than last year and the average of the last 5 years.  The trend of smaller dairy cow culling is likely to continue the rest of the year, even though culling may increase seasonally.  


Over the last 8 weeks dairy cow culling is 18 percent smaller compared to the same time period last year.  Dairy cow slaughter is reported by region.  Region 4 (Southeastern states), region 6 (Texas, Arkansas, and Louisiana), and region 3 (Virginia and Pennsylvania) include Southern states.  Dairy cow slaughter in regions 3 and 4 are down 10 percent and 8 percent, respectively.  Slaughter in region 6 is down 32 percent.  Regional differences in slaughter rates continue to indicate shifts in regional milk production with faster than average culling rates in the South but slower culling in the Southern Plains.  On an interesting note, region 8, which includes Colorado and the Dakotas, has reported larger dairy cow slaughter this year than last year and is the only region to do so.  Dairy cow culling is likely to remain relatively low in coming months due to fewer dairy cows in total, relatively few replacement heifers, and rising milk prices.


The overall decline in dairy cow slaughter is further supporting cull cow prices across the South and the country.  Dairy cow slaughter has made up, on average, about 48.6 percent of all cow slaughter over the last decade.  This year dairy cow slaughter represents 48.3 percent of all cow slaughter.  Reduced dairy cow culling coinciding with reduced beef cow slaughter is further cutting supplies of lean beef.  Wholesale boneless 90 percent lean beef hit a new high of $3.76 per pound last week.  The cow-beef cutout is in record territory at over $290 per cwt.  Lean slaughter cows at auction continue to hover around $125 per cwt.  The lack of dairy replacements and need for replacements by some has bred dairy cow and heifer prices up from $300 to $600 per head in Kentucky dairy auctions.  


Overall, reduced dairy cow culling is supporting cull cow prices.  Reduced total cow culling is putting additional strain on cow packing plants across the region.  

Read more about how this affects the markets here
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 higher- Choice Beef was down $2.13 while Select Beef was off 44 cents on Tuesday, August 6, 2024.


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

Boxed Beef Report from 8/6/2024

OKC West in El Reno had 1,000 head of stockers and calves on Tuesday, August 6th.


Compared to last week: Steers and heifer calves that were weaned sold 5.00 lower. Short or un-weaned calves sharply lower, mostly 10.00- 15.00 lower. Demand light as the heat continues to remain in triple digits.


For our YearlingSale today-

Expecting 3,500 head

1,000 Feeder Heifers @ 9:00 am

2,500 Feeder Steers @ 10:30 am


Click below for the complete closing report.

OKC West in El Reno Stocker and Calf Market Report from 08/06/2024

On Tuesdays, Ron Hays gets the latest market commentary from Ben Hale of Western Livestock Auctions.

 

This commentary is posted on our website-click here for this Tuesday's story featuring Hale's comments.

  

Learn more about Western Livestock Auctions, Click Here.

Listen to Ron Hays talk with Ben Hale about the cattle markets
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 8/6/2024
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 8/6/2024
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


Stevie White, 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
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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 Wheat Commission, Oklahoma 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
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Tim West
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network

405-443-5717

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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network

405.473.6144
Email Ron