Oklahoma's Latest Farm
And Ranch News
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Wednesday, November 2, 2022 |
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Here is your daily Oklahoma farm and ranch news update.
- USMEF Strategic Planning Conference Set for November 9-11 in Oklahoma City
- Ag Economy Barometer Declines Again, Producers Worry About Interest Rate Policy
- NCBA's Mike Simone Says Consumer Interest in Fake Meat is on the Decline
- Oklahoma voters: iVoterGuide.com provides ratings and in-depth analysis for November General Election
- Ag Equipment Strategies Get Tricky in a Post-Pandemic World
- U.S. Meat Sector Releases First-Ever Data Report on Environment, Other Key Indicators
- Branding and Vaccination of Fall Born Calves with OSU's Mark Johnson
- OKFB's Bushels for Books Donates Agriculture Books to 13 Oklahoma Teachers
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USMEF Strategic Planning Conference Set for November 9-11 in Oklahoma City |
Farm Director, KC Sheperd, visited with the president and CEO of the U.S. Meat Export Federation, Dan Halstrom, about exports the upcoming USMEF Strategic Planning Conference which will be held in Oklahoma City on November 9-11 at the Omni Hotel.
Wednesday’s session, Halstrom said, will begin with Randy Blach, CEO of CattleFax giving an ag market update, both globally and domestically. Halstrom said Wednesday will also feature the head of FAS (Foreign Agricultural Service) global programs, Mark Slupek.
The second day will start with a general session focusing on Japan, Halstrom said, and the rest of the day will consist of four committee meetings.
“We have an exporter committee meeting which really focusses on the packers and traders that are doing the actual exporting, we have a feed grades caucus which really focusses in on corn and soybean trends, and then in the afternoon, we have our pork and beef committees which are really the two working committees,” Halstrom said.
Halstrom said Friday’s closing session will feature agricultural trade policy consultant with AgTrade Strategies LLC, Sharon Bomer Lauritsen, offering analysis of the Indo-Pacific Economic Framework and other Biden administration trade initiatives, and share insights on their potential impact on red meat trade.
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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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Ag Economy Barometer Declines Again, Producers Worry About Interest Rate Policy |
Farmer sentiment weakened again in October as the Purdue University/CME Group Ag Economy Barometer dropped 10 points to a reading of 102. Both of the barometer's sub-indices also declined this month. The Current Conditions Index dipped 8 points to a reading of 101 while the Future Expectations Index dropped 11 points to a reading of 102.
"Concern over rising interest rates grew once again in October and is adding to the unease amongst producers who are worried about its impact on their farm operations," said James Mintert, the barometer's principal investigator and director of Purdue University's Center for Commercial Agriculture. "Additionally, challenging shipping conditions throughout the Mississippi river valley have hampered exports recently and the corresponding widespread weakening of corn and soybean basis levels could be contributing to heightened unease about financial performance."
Producers' concerns about their farm's financial performance were one of the primary drivers of weakening sentiment in October. The Farm Financial Performance Index fell 13 points this month to 86 and was a distillation of producers' concerns about high input costs combined with weaker commodity prices. Looking ahead to next year, over 40% of producers viewed high input costs as their top concern, followed by 21% who chose rising interest rates, 13% who chose lower output prices, and 13% who chose input availability.
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NCBA's Mike Simone Says Consumer Interest in Fake Meat is on the Decline |
In this episode of Beef Buzz, I am visiting again with the Executive Director of Market Research and Intelligence for the National Cattlemen’s Beef Association, Mike Simone, about keeping up with today’s beef consumer.
Over the past few years, there has been a lot of hype over plant-based proteins and meat alternatives, but Simone says that has started to dissolve. Meat alternative consumption, Simone said, peaked in the third quarter of 2020 at about 34 percent weekly or more consumption.
In comparison, 69 to 70 percent of consumers surveyed consume beef weekly.
“The other point to make about meat alternative consumption is that they are not eating that exclusively- they are also buying beef and chicken and other proteins as well as part of their overall diet, but some of that buzz is starting to wear off, I think,” Simone said.
Buying beef at the store is more expensive during this time, Simone said, so the dollars are up, but total pounds per capita are down for this year.
“We see that continuing into 2023 for a variety of reasons, but consumers are still going to make that beef purchase, but it may not be as frequent or might not be the cut that they want.”
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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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Union Mutual was chartered in 1938 to write property and casualty insurance in the state of Oklahoma. Over the years, Union Mutual has maintained the attitude that started the company and continue to be that company that understands Oklahomans’ insurance needs when they contact any member of the UMIC team.
That’s 83 years of protecting rural Oklahomans, providing town and country, poultry house and legacy rural actual cash value policies.
With over 80 years of experience and 300 agents in all 77 Oklahoma Counties to serve you, it’s time to take a good hard look at Union Mutual Insurance Company.
For the agent nearest you, go to unionmutualic.com or give them a call at 405 286-7703.
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Oklahoma voters: iVoterGuide.com provides ratings and the most in-depth analysis of candidates for November 8 General Election |
The General Election is fast approaching, and iVoterGuide.com is helping to ensure that voters everywhere are informed before they head to the polls. In order to equip American voters with the information to vote according to their own personal beliefs on November 8, iVoterGuide.com provides accurate, helpful information on 128 candidates on the Oklahoma ballot for the November 8th General Election.
“As we get nearer to election day, the undecided voters will play a key role in the outcome,” said iVoterGuide President Debbie Wuthnow. “With anywhere from 8 to 11% undecided voters and mere percentage points separating many candidates, those swing voters need reliable information to make an informed choice, especially in local and non-partisan races. iVoterGuide exists to provide Americans honest, comprehensive facts about candidates through just a couple of clicks.”
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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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Ag Equipment Strategies Get Tricky in a Post-Pandemic World |
Buy new or repair used? As input costs continue to climb in ranching and farming, producers need a smart equipment strategy.
The dealership purchase price of a new farm implement, such as a combine, can top as high as $500,000, while a slightly used model can still carry a hefty price tag of around $150,000. Older versions with more years and hours under the hood vary widely in value.
When the pandemic hit in 2020, the value of used farming equipment skyrocketed. Farm sales, estate auctions and private treaty transactions became hotspots for buyers searching for a good deal. Gregg Pickens, owner of Pickens Auctions, said he has noticed a significant increase in auction crowds during the past couple years, including bidders in person and online.
Roger Sahs, an Oklahoma State University Extension specialist in agricultural economics, said the best way to determine whether to: 1) buy new equipment, 2) opt to purchase used equipment or 3) repair current equipment is to keep good production and financial records. When comparing new to old, consider cost minimization.
“There are producers out there who are over-mechanized and have unproductive debt,” Sahs said. “They could get by with less. They’re spending too much money on owning a piece of machinery, new or used, as opposed to hiring a custom operator, which may be the least cost option.”
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U.S. Meat Sector Releases First-Ever Data Report on Environment, Other Key Indicators |
A major new report released in advance of the United Nations Climate Summit next week in Sharm el Sheikh, Egypt, reveals that about 81% of facilities reporting data are covered by Meat Institute members’ commitments to reduce greenhouse gas (GHG) emissions.
With 100% of the Meat Institute’s large U.S. members (more than 2000 employees) submitting data, the report covers an estimated 90% of meat sold in the United States (by volume) and sets the first ever baselines for measuring progress toward ambitious targets for environmental sustainability, animal care, food safety, worker safety, and food security.
Meat Institute President and CEO Julie Anna Potts commented:
“98% of American households purchase meat, putting our sector undoubtedly at the center of solutions for healthy diets, healthy communities, and a healthy planet for generations to come.
The Meat Institute’s first-ever continuous improvement report is a game changer for transparency in the sector - setting transparent baselines that will allow us to measure progress and verify our sector’s contributions to global goals.”
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Branding and Vaccination of Fall Born Calves with OSU's Mark Johnson |
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 is talking about branding and vaccinating fall-born calves.
Cool nights, warm days and rain showers sure beat the weather we had this summer. At the same time, those temperature swings can be hard on young cattle. It is essential to start priming the immune system of fall born calves against common diseases. For September calving herds we are a month from the start of breeding season. If we haven’t already, now is the time for administering boosters to the cowherd and “branding time” for fall calves. Vaccination programs begun at branding time can reduce disease and death losses. Additionally, this allows the calf to return to its familiar environment, including nursing its dam after the procedures have been completed. Returning the calf to its familiar environment minimizes some of the stress of handling, allowing the calf to perform more closely to its genetic potential, hence, increase production.
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OKFB's Bushels for Books Donates Agriculture Books to 13 Oklahoma Teachers |
Thirteen Oklahoma teachers were recently selected to receive a basket of accurate agriculture books as part of Oklahoma Farm Bureau’s Bushels for Books program.
The program is a collaboration between the OKFB Foundation for Agriculture and the OKFB Women’s Leadership Committee. Pre-K through eighth-grade teachers across the state submitted applications to receive a basket of books for their classrooms, and the winners were selected by the WLC state board.
“As the world becomes more urban, it is important for people to know what it takes to produce the food, fuel and fiber we rely on every day,” said Mignon Bolay, OKFB WLC chair. “We hope these books help students learn how their food gets from the farm to the grocery store, and ultimately to their plates.”
Each basket included books selected from the American Farm Bureau Foundation for Agriculture’s accurate agriculture book database.
“It is vitally important that our young people understand where their food comes from,” said David VonTungeln, OKFB Foundation for Agriculture president. “These accurate agriculture books provide a glimpse into the everyday lives of our nation’s family farmers and ranchers.”
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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 lower- Choice Beef was down $1.02 and Select Beef was up $1.73 on Tuesday 11/01/2022.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had a final count of 6,565 head on Monday, October 31, 2022.
Compared to last week: Feeder steers 1.00-2.00 higher, weights over 800 lbs. not well tested. Feeder heifers mostly steady. Demand moderate to good for feeder cattle. Steer calves 5.00-10.00 higher. Heifer calves steady to 4.00 higher, most advance over 500 lbs. Demand good for calves. Nice rains fell across the state last week and more is expected later in the week. Some winter wheat has emerged and some warm sun will be good for growth this week.
Click below for the complete closing report.
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OKC West in El Reno had a calf run of 4,000 head on Tuesday, November first.
Compared to last week: Steer and heifer calves sold 2.00-6.00 higher. Demand was moderate to good. Next week 11/08/22 will be OKC
West Annual Integrity Beef Alliance and the Oklahoma Quality Beef Network calf sales in conjunction with their weekly auction. Much needed
moisture fell across the trade area over the weekend with more in the forecast later in the week.
For Today- Wednesday 11/2/22
Expecting 3,500 Feeders
Sale starts at 9:00am
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.
Oklahoma Farm Bureau and Oklahoma Cattlemen's Association hosted a Governor's Forum on October 26, 2022- inviting both the Republican and Democratic Candidates for Governor- Only Governor Kevin Stitt chose to attend- and he answered the questions posed by Moderator Ron Hays- questions that offered insights into key issues of interest to Rural Oklahomans.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, Oklahoma Pork Council, 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
***************
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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