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Oklahoma's Latest Farm

And Ranch News

Tuesday, October 22, 2024

Howdy Neighbors!

Here is Your Daily Oklahoma Farm and Ranch News Update: 

 

  • Latest Crop Progress Report Shows Oklahoma’s Wheat Planting Still Behind


  • Oklahoma's Kylee Falasco of Advances in National FFA Officer Process- Waits on Saturday with 21 Other Finalists


  • Understanding Livestock Risk Protection with University of Kentucky’s Kenny Burdine


  • Dr. Derrell Peel on Beef Production and Fall Beef Demand


  • Cattlemen Connect with Urban Communities through OCA’s Oklahoma’s Best Beef Competition


  • USDA to Begin Issuing $2.14 Billion to Ag Producers through Key Conservation and Safety-Net Programs


  • First Look: Larger Hard Red Winter Wheat Crop Offers More Consistent Quality

Latest Crop Progress Report Shows Oklahoma’s Wheat Planting Still Behind

USDA's weekly Crop Progress Report shows that nationwide, harvest is expanding- the US corn crop is now 65% harvested- Soybeans are 81% harvested and the US Cotton crop is now 44% harvested.


Dry weather has Winter Wheat plantings in Oklahoma well behind the 5-year average of 71% at 55 percent with 32 percent of our crop emerged. Our neighbors are much closer to the five-year average with 78 percent planted in Kansas with 48 percent of their crop emerged, and Texas now stands at 65 percent planted with 40 percent of their crop emerged.



Oklahoma's cotton and soybean harvests are underway with cotton at 20 percent, up 1 point from a year ago, and soybeans at 21 percent harvested, down 12 points from a year ago.


The Oklahoma Corn crop is now 83% harvested up 10 points from this point a year ago - while the Oklahoma Grain sorghum crop is now 48% harvested versus 47% a year ago.


The Kansas corn harvest reached 83%, up 4 points from last year. The Soybean harvest is 3 points behind a year ago at 70 percent. The Sorghum harvest is 1 point ahead of a year ago at 53 percent. Kansas cotton is 40 percent harvested, up 14 points from a year ago.


Texas's corn and Sorghum harvests are complete.

Their cotton harvest is 43 percent completed, near 39 percent a year ago. The soybean harvest is 78 percent complete, 6 points ahead of this time a year ago.


Pasture and Range Conditions for the 48 states improved 1 point from last week to 23 percent good to excellent. Oklahoma has declined 7 points to a 16 percent good to excellent rating - Kansas declined 3 points to 16 percent good to excellent - Texas dropped 2 points to an 11 percent good to excellent rating. Missouri now stands at 23% Good to Excellent - down 6 points this week versus last.

Read More About the Latest Crop Progress Report Here 

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.

 

Understanding Livestock Risk Protection with University of Kentucky’s Kenny Burdine

The Oklahoma State University Agricultural Economics Department recently hosted the Rural Economic Outlook Conference. University of Kentucky Extension Professor in Livestock Economics Kenny Burdine was a keynote speaker there, and Oklahoma Farm Report’s Maci Carter caught up with him to talk about the mechanics of Livestock Risk Protection for feeder cattle. Ron Hays is featuring Burdine’s comments in today’s BeefBuzz.


Burdine explained LRP as an index insurance product triggered by the CME feeder cattle index, which is a seven-day weighted average of feeder cattle prices in twelve major states. 


“You aren’t insuring the value of your cattle,” he said. “You are buying an insurance policy that pays you if that CME index falls below the threshold that you chose. So, if the CME index, which is actual feeder cattle sales, drops by fifteen or twenty bucks per hundredweight, although your cattle may not sell at the same amount, you can use LRP to protect yourself against major market movements.”


Burdine said that the biggest advantages of LRP over put options are the lower cost of premiums and more flexibility in the number of cattle that can be covered.

Listen to Ron's BeefBuzz with featured comments from Kenny Burdine and Read More About It Here 

Oklahoma's Kylee Falasco of Advances in National FFA Officer Process- Waits on Saturday with 21 Other Finalists

From the 2024 National FFA Convention- Kylee Falasco of Weatherford FFA has advanced to Phase Two as a finalist to be considered for one of the six national officers for the coming year.


Here in Indianapolis- Falasco is one of 22 National Officer candidates still in the running to become a National Officer for 2024-2025, representing the state of Oklahoma, Falasco says that she found her reason to serve while she was a state officer. She said, “I want every student that I interact with to know that they are loved and seen and heard and that they all have a purpose.”


This mission stemmed from her own middle school insecurities about who she was and where she belonged. “FFA gave me the outlet to be a part of something bigger than myself and to get involved and find my purpose. My mission for running for National Office is to portray that. Whether I get elected to office or not, I still want to continue to make every person that I come in contact with feel so seen, and heard, and loved. I want to let everyone know that it’s okay to be so fiercely authentic, and it’s okay to be yourself. We were all created on purpose for a purpose.”


Click on the blue button below to hear a quick reaction from Monday night in Indy with Kylee- as well as our longer sit down interview that we did with her last month in Stillwater.


I have also added a second Blue Button- that is a story just received from the National FFA that lists the 22 candidates that have advanced to Phase two of the process


Our coverage of Oklahoma FFA engaged at the National FFA Convention is being powered again in 2024 by Oklahoma Farm Bureau. Watch for our stories and interviews from Indianapolis on our Website, Daily Email, our statewide Radio Oklahoma Ag Network and our Social Media Channels. Click here for the OKFB website to learn about how they are making a difference in the lives of Oklahomans. 


Read more and Listen to Ron talk with Kylee Falasco at the National FFA Convention in Indy
Click here for the list of the 22 FFA members that have advanced to Phase Two in the National FFA Officer Process
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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



Dr. Derrell Peel on Beef Production and Fall Beef Demand

Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry as part of the weekly series known as the “Cow Calf Corner,” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel advises on Beef Production and Fall Beef Demand.


As of October 18, the daily Choice boxed beef price was $320.65/cwt., up from a recent low of $296.37/cwt on September 26 and the highest price since July 15. The weekly Choice boxed beef price is also at the highest level since July and has averaged 2.2 percent higher year over year and a record high for the year-to-date (Figure 1). Numerous wholesale cuts have moved higher recently including chuck arm roast (IMPS 114E), chuck roll (116A), chuck mock tender (116B), and chuck flap (116G). Wholesale round cuts have also moved higher including round knuckle (167A), top inside round (169A), bottom (gooseneck) round (170), outside round (171B), and eye of round (171C). Middle meat prices from the loin and rib have also increased including bottom sirloin flap (185A), sirloin tri-tip (185D), loin strip (180), and tenderloin (189A). Likewise, wholesale ribeye prices (112A) have increased recently and are showing an early seasonal demand for the holidays.

Read More From Dr. Derrell Peel 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 Tuesday Farm and Ranch News with KC Sheperd
Subscribe To the Daily Email

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.

Oklahoma’s Beef Producers Connect with Urban Communities through OCA’s Oklahoma’s Best Beef Competition

While attending Oklahoma’s Best Beef Competition held in conjunction with the Stockyards Stampede in Oklahoma City this past Saturday, Maci Carter caught up with one of the organizers, Kelli Payne of the Oklahoma Cattlemen’s Foundation.


This was the third annual competition which highlights and connects Oklahoma’s Beef Producers with the public. Eight teams vied for the title, all of them with a branded beef line of their own.


“This is a great way for them to come out and meet our urban friends,” Payne said. “It also gives folks a chance to put a face with where their food comes from.”


The community’s feedback was all positive and many wished it was held every weekend. Payne heard from attendees that it was nice to meet the cattle ranchers, and the competitors appreciated the exposure they gained through the event.

Listen to Maci Carter talking with Kelli Payne about OCA's Best Beef Competition

USDA to Begin Issuing $2.14 Billion to Ag Producers through Key Conservation and Safety-Net Programs

The U.S. Department of Agriculture (USDA) today announced that it will begin issuing more than $2.14 billion in payments to eligible agricultural producers, and landowners—providing much needed support through key conservation and safety-net programs. Producers should soon receive payments from USDA’s Farm Service Agency (FSA) for their participation in these programs aimed to conserve natural resources and keep family farms economically viable.  


Specifically, program participants are expected to receive more than $1.7 billion through the Conservation Reserve Program (CRP) and CRP Transition Incentive Program (CRP TIP) and more than $447 million through the Agriculture Risk Coverage and Prices Loss Coverage (ARC/PLC) programs. Additionally, FSA is announcing an investment of $21 million for projects to better measure the effectiveness of CRP.  



“Conservation and safety net program payments are significant investments in preserving and protecting our valuable and vulnerable natural resources and they provide protection for producers impacted by market volatilities,” said FSA Administrator Zach Ducheneaux. “These programs support voluntary land stewardship and provide agricultural producers with risk protection and production stability, keeping them in business and feeding the world.”  


Read More About USDA's Payments to Agricultural Producers

First Look: Larger Hard Red Winter Wheat Crop Offers More Consistent Quality

Continuous varietal improvement and improved growing conditions following a multiple-year drought helped Central and Southern Plains farmers produce a more familiar, well-balanced hard red winter (HRW) wheat crop for 2024. A wider range of conditions in the Pacific Northwest (PNW) HRW crop encouraged higher yields with lower, but highly functional, protein levels. Both supplies meet or exceed typical HRW contract specifications and should provide high value to customers.


With excellent milling and baking characteristics for pan breads, hard rolls, croissants and flat breads, U.S. HRW is also an ideal choice for some types of Asian noodles, general purpose flour, and as an improver for blending. It has medium to high protein, medium hard endosperm, red bran, medium gluten content and mellow gluten.


U.S. farmers planted an estimated 24.1 million acres (9.8 million hectares) in fall 2023, marking a 4% increase over the previous year. USDA estimates total production of 21.0 MMT. That is up 28% from last year and contributed to the largest crop of all U.S. wheat classes in eight growing seasons. Here are the initial details and information about California’s HRW crop that USW will share with importing customers in the 2024 U.S. Wheat Crop Quality Report and Seminars. Plains Grains will offer even more local information soon.

Read More About the 2024 Hard Red Winter Wheat Crop 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 up $2.21 and Select Beef was up $2.01 on 10/21/2024.


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

Boxed Beef Report

Oklahoma National Stockyards had 8,500 head on Monday, October 21, 2024


Compared to last week: Feeder steers under 800 lbs steady to 3.00 lower; over 800 lbs steady to 2.00 higher. Feeder heifers steady to 2.00 lower. Steer calves steady to 4.00 lower. Heifer calves mostly steady. Demand moderate to good for feeder cattle. Demand moderate for calves. Quality mostly average, few attractive. Weather remains very dry but parts of Northwestern Oklahoma is seeing some moisture today. Unfortunately, it looks like the rest of the state will miss out. This was the last shot of rain for a while and temps expected to reach near 90 this week.


Click below for the complete closing report.

Oklahoma National Stockyards Market Report from 10/21/2024

The Joplin Regional Stockyards had a total run of 8,127 head on Monday October 21, 2024.


Compared to last week feeder steers under 800 lbs. sold steady to 5.00 lower with heavier weights selling steady to 3.00 higher. Feeder heifers sold from 2.00 higher to 6.00 lower. Supply was heavy with moderate demand. The largest draft of the day was 180 steers weighing 880 lbs. that went across the scales for 241.00 


Click on the button below for details of the trade as compiled by the USDA Market News Service.

Joplin Regional Stockyards Market from Monday 10/21/2024
OKC West in El Reno Cow and Bull Market Report from 10/21/2024
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 10/21/2024
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 10/21/2024
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.


The link below is one of our most recent podcasts- Ron spotlighting the Life and Times of Dr. Kim Anderson, who has just retired from OSU.

Listen to Ron Hays talking with Kim Anderson about his 42 years in OSU Extension and the Famous "A Third A Third A Third" Advice he has given.
Listen to Ron
Beef Buzz
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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
God Bless!
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Tim West
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Rural Oklahoma Networks

405-317-6361

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KC Sheperd
Farm Director
Radio Oklahoma Ag Network

405-443-5717

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Radio Oklahoma Ag Network

405.473.6144
Email Ron