Oklahoma's Latest Farm
And Ranch News
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Here is your daily Oklahoma farm and ranch news update.
- Good to Excellent Rated Wheat in Oklahoma Down 7 Percentage Points from Last Week
- OSU's Kim Anderson Fears Tight Wheat Stocks in this Marketing Year
- USDA to Provide Approximately $6 Billion to Commodity and Specialty Crop Producers Impacted by 2020 and 2021 Natural Disasters
- Inflation Expected to Burden Economy for Several Years
- OSU's Derrell Peel Sees Tighter Hay Stocks in 2022 Due to Drought
- Fewer Pounds of Beef Coming in the Beef Pipeline
- Reimer Named Administrative Coordinator for Oklahoma Cattlemen's Foundation
- Kansas Wheat Crop Tour Kicks Off Today
- Check Out Our Newest Road to Rural Prosperity Podcast Spotlighting Chisholm Trail Milling
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Good to Excellent Rated Wheat in Oklahoma Down 7 Percentage Points from Last Week |
The 2022 Hard Red Winter Wheat Crop in the southern plains continues to head south- with the Oklahoma Crop leading the way- This week's Crop Progress numbers show only 13% of the Oklahoma crop in Good to Excellent shape- off 7percentage points from the 20% of a week ago. Kansas wheat conditions also fell this week- now at 24% good to excellent- off 4 points while Texas is at just 5% in good condition- off 2 points from last week.
As far as the Oklahoma Crop Progress numbers go:
Small Grains: Winter wheat headed reached 78 percent, down 11 points from the previous year and down 13 points from normal. Canola blooming reached 78 percent, down 1 point from the previous year. Canola coloring reached 32 percent, down 12 points from the previous year and down 7 points from normal. Rye headed reached 64 percent, down 25 points from the previous year and down 22 points from normal.
Wheat conditions for Oklahoma include 13% good to excellent, 35% fair and 52% poor to very poor.
In Oklahoma, Sorghum is 7% planted, compared to the 5-year-average of 20%.
Cotton is 20% planted, which is even with the five-year average.
Nationally- Corn planting made up some ground- now at 49% complete which is still behind the five year average of 67% Soybean planting also gained ground- now at 30%- behind the average of 39%.
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The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community, and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations.
And Check out this video below that helps you learn more about the Beef Checkoff- .
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OSU's Kim Anderson Fears Tight Wheat Stocks in this Marketing Year |
KC Sheperd, Farm Director, caught up with OSU Crop Marketing Specialist, Dr. Kim Anderson at the Lahoma Wheat Field Day. Anderson mentioned what the future looks like for the wheat market and how it will be impacted by how Russia’s invasion of Ukraine.
“I think the new crop numbers came out relatively close to what we expected,” Anderson said. “Hard red winter wheat over the entire nation is significantly lower than last year.”
Anderson said Oklahoma wheat production is at 60 million bushels. The crop tour estimated 58, and they are feeling good about that number, he said.
Anderson said he does not see us being able to alleviate this tight stock situation over the next 12 months.
On the other hand, Ukraine doesn’t know where to go with their wheat.
“Ukraine is trying all kinds of things,” Anderson said. “They are loading trains and shipping it to Romania.”
Ukraine finally shipped a cargo load out of Romania, Anderson said, and they are looking at going across the land to the European Union and trying to export that way.
“I think if you look at Ukraine, their production is projected to be about 60% of the average, however, they have got excess stocks because they haven’t been able to export in the last few months,” Anderson said, “So, they probably will have less wheat to export than they normally do if this war ends, but they are still going to have quite a bit to export.”
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USDA to Provide Approximately $6 Billion to Commodity and Specialty Crop Producers Impacted by 2020 and 2021 Natural Disasters |
The U.S. Department of Agriculture (USDA) announced that commodity and specialty crop producers impacted by natural disaster events in 2020 and 2021 will soon begin receiving emergency relief payments totaling approximately $6 billion through the Farm Service Agency’s (FSA) new Emergency Relief Program (ERP) to offset crop yield and value losses.
“For over two years, farmers and ranchers across the country have been hard hit by an ongoing pandemic coupled with more frequent and catastrophic natural disasters,” said Agriculture Secretary Tom Vilsack. “As the agriculture industry deals with new challenges and stressors, we at USDA look for opportunities to inject financial support back into the rural economy through direct payments to producers who bear the brunt of circumstances beyond their control. These emergency relief payments will help offset the significant crop losses due to major weather events in 2020 and 2021 and help ensure farming operations are viable this crop year, into the next growing season and beyond.”
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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
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Inflation Expected to Burden Economy for Several Years |
Overall consumer prices in April were 8.3% higher than a year ago, and America’s families can expect inflation to continue putting pressure on their wallets for the next few years. American Farm Bureau Federation economists analyzed the inflation numbers in the latest Market Intel
They expect inflation to stay above 5% or 6% for the foreseeable future.
“Quite simply, too much money was created by the Federal Reserve Bank (often called ‘the Fed’), mostly in 2020, and it is turning, inevitably, into inflation,” the Market Intel states. “Thankfully, the Fed has begun taking steps to address this…but it will likely take a few years to approach their long-term target of 2% per year.”
The Market Intel points to the Fed injecting $6.4 trillion into the economy between March 2020 and the end of 2021, which is a 42% increase in the money supply in only 22 months. This infusion of money is too much to be absorbed by economic growth in a year or two, even with a strong post-COVID-19 pandemic recovery. Lower interest rates also spurred borrowing. All of these factors combined to overstimulate the economy.
The Market Intel continues, “There was a lot of disposable income, including enhanced unemployment benefits to most of those put out of work, substantial government support for businesses who kept people on payroll, and the regular paychecks of the vast majority of the workforce. This ensured that personal incomes and overall demand didn’t flag; so there was little reason for the Fed to pursue demand stimulus through such a loose money policy.”
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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.
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Sponsor Spotlight
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For more information on our services or to find a location near you, visit our website here.
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OSU's Dr. Peel Sees Tighter Hay Stocks in 2022 Due to Drought |
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. Today, Dr. Peel talks about hay stocks in the May USDA Crop Production report.
The May USDA Crop Production report included hay stocks for the beginning of the hay crop year, May 1. Total U.S. hay stocks were down 6.9 percent year over year and are 15.1 percent below the 2012-2021 average. This follows a nearly 12 percent decline in May 1 stocks last year and a December 1 stock level that was down six percent year over year. The ongoing drought continues to squeeze available hay supplies and widespread drought this year is a severe threat to 2022 hay (and range/pasture) production.
The southern plains region of Kansas, Oklahoma and Texas had May 1 hay stocks down 12.0 percent year over year and down 25.3 percent from the 2012-2021 average. Oklahoma hay stocks on May 1 were down 47.8 percent year over year, and are 43.5 percent below the ten-year average for the state. Kansas hay stocks were down 26.4 percent from last year and 32.5 percent below the 2012-2021 average. May 1 hay stocks in Texas were up 33.3 percent year over year but remain 10.6 below the ten-year average for the state. The three states accounted for 26.6 percent of beef cows in the country on January 1, 2022.
In all 17 western states, drought continues widespread. More than 50 percent of the U.S. beef cow herd is directly threatened by drought. Across the country more than 50 percent of pastures and range are in poor to very poor condition. That majority of this pasture and range is in these western states. The bleak prospects for pasture and hay production, combined with continued diminishment of hay stocks, suggests that significant and severe impacts on cattle herds are ahead as summer approaches.
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Fewer Pounds of Beef Coming in the Beef Pipeline |
Discussion of the World Agricultural Supply and Demand Estimates (WASDE) numbers of last week for the beef industry with me, including information from the Daily Livestock Report by Len Stiner.
In Len Stiner’s more recent articles in the Daily Livestock Report, he focuses on beef consumption and supply and demand numbers from the most recent WASDE report. According to Stiner, when you start trying to prevent beef consumption and beef demand the availability of beef in our supply side of the leger gets tough.
Record feed prices, drought conditions, inflation and war all make for an especially uncertain environment going forward.
Stiner says that over the last 12 months, USDA has made some significant upward revisions to the beef production forecast for 2022. The latest projections put beef production for 2022 at 27.9 billion pounds, down 106 million pounds (.4%) from a year ago.
As we get further into 2022, there are expectations that we will not have too much of a difference when it comes to the number of pounds available this year versus last year. It mostly boils down to more females going to the processing plants than we first thought.
Once producers stop pushing female calves in the feedlots, Stiner believes the supply hole will be even bigger. USDA is forecasting beef production in 2023 at 26 billion pounds, down 1.9 billion pounds (6.8%).
This would be the largest year-over-year decline in beef production on record, surpassing the drop experience with BSE in 2004 and the drought in 2014.
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Reimer Named Administrative Coordinator for Oklahoma Cattlemen's Foundation |
Oklahoma Cattlemen’s Association (OCA) is pleased to announce the new addition of Mariah Reimer as Oklahoma Cattlemen’s Foundation (OCF) Administrative Coordinator. In her position, she will be responsible for developing, promoting and implementing the administration of the Oklahoma Cattlemen’s Foundation. Current events and strategies of the OCF including: Steer Carcass Challenge, Annual Sporting Clays Shoot, Scholarships, Convention Education Programs, Annual Foundation Seminar and individual donations.
“We are pleased to announce Mariah Reimer joining the Foundation as Contract Administrator,” said Michael Kelsey, OCA Executive Vice President. “Reimer brings a wealth of experience to lead our foundation strategies and events and we are excited about the future opportunities and growth she will bring to the Oklahoma Cattlemen’s Foundation.”
Reimer is originally from Wellston, OK where her agricultural roots led her to Oklahoma State University. During her time at OSU, she graduated with a bachelor’s degree in agricultural communications and went on to pursue a master’s degree in administration.
“I am eager to give back to an industry myself and my family are passionate about,” said Reimer. “I hope to assist the foundation in creating a base of success for future generations in the Oklahoma Cattlemen's Association.”
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Kansas Wheat Crop Tour Kicks Off Today |
The Wheat Quality Council's annual Hard Winter Wheat (HWW) Tour this week will provide the latest assessment of crop quality and production.
Kansas HWW fields will be primarily evaluated, along with a few in southern Nebraska and northern Oklahoma, during the four-day event that starts in Manhattan, Kansas. Field sampling starts on Tuesday, May 17, and ends Thursday, May 19, when final yield and production estimates will be released.
With harvest only weeks away, USDA released its HWW production estimates on May 12. The government projects production will be 21% less than last year at 590 million bushels due to widespread drought in the Great Plains. USDA forecasts total winter wheat production at 1.17 billion bushels, down 8% from 2021.
USDA estimates 2022 winter wheat yields at 47.9 bushels per acre (bpa), down 2.3 bpa from last year's average.
USDA's HWW assessment was done at the beginning of May. Many parts of Kansas, the nation's largest wheat producer at 364 million bushels last year per USDA data, received significant rainfall since May 1, which helped the crop. But that was followed by intense heat, as temperatures soared above 90 degrees Fahrenheit, which can limit production as plants race to the finish line.
"Things have certainly changed since the USDA assessment," said Dave Green, tour organizer and executive vice president of the Wheat Quality Council based in Lenexa, Kansas. "Our tour is more real-time and provides more fresh information closer to harvest. There's no question that we're going to be more zeroed in on the final crop production numbers."
Chris Kirby with the Oklahoma Wheat Commission is participating again in the tour- and will be providing us information along the way.
If you want to follow the tour via social media- the hashtag is #WheatTour22
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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.
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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.
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Wholesale Boxed Beef Prices were higher- Choice Beef was up $1.36 and Select Beef was up $1.77 on Monday 05/16/2022.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 9,800 head on Monday, May 16, 2022.
Compared to last week: Feeder steers steady. Feeder heifers 3.00 - 5.00 lower. Steer and heifer calves 4.00 - 8.00 lower. Demand continues better for the heavier weights. . Demand light to moderate for calves. More un-weaned calves beginning to show and this looking more like a June run. Still waiting on the May wheat run to begin unless cattle sold early due to the drought or less graze out cattle due to high wheat prices. Though head count wise, we are close to the same as a year ago, however we are far from the 81 percent over 600 lbs. like last year.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 5,822 head of cattle on Monday, May 16th.
Compared to last week feeder steers traded steady. Feeder heifers traded 3.00-6.00 lower. Supply and demand was moderate.
Click on the button below for details of the trade as compiled by the USDA Market News Service.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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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.
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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
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity dives into these stories, bringing you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
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Our Latest RRP takes us to Enid, Oklahoma. Chisholm Trail Milling is a joint dream of two businessmen from different states and from different parts of the food chain- Oklahoman Brady Sidwell who farms and has been moving his business into value added products brings the expertise of wheat farming and merchandising that wheat while Graison Gill is a nationally known baker and miller from New Orleans, La. They have come together in Enid, Oklahoma to establish a commercial mill that produces niche high quality fresh flour that is Identity Preserved wheat of a single variety that comes from the Oklahoma State Wheat Breeding Program.
Search for Road to Rural Prosperity and subscribe on your favorite Podcast platform.
To hear this podcast, you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, 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.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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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
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