Oklahoma's Latest Farm
And Ranch News
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Tuesday, November 29, 2022
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Here is your daily Oklahoma farm and ranch news update.
- OSU's Derrell Peel- Herd Liquidation May Be Slowing Down
- NCBA Working to Help Cow-Calf Producers Have the Upper Hand
- Amarillo Farm and Ranch Show Kicks off Today
- Oklahoma Ag in the Classroom Art and Photography Contest now Open
- Farmers Urged to Plan for Volatility in 2023
- Funds Available to Protect Agricultural Land and Grasslands Across Oklahoma
- Warmer Temps Across the State this week with Little Rain Chances
- Farm Share of U.S. Food Dollar Reached Historic Low in 2021
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OSU's Derrell Peel- Herd Liquidation May Be Slowing Down
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Mondays, Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the “Cow Calf Corner” published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about a change in the rate of beef cow slaughter.
Weekly beef cow slaughter has been higher year over year for 70 consecutive weeks. In that period, on only four occasions has the year over year increase been less than 3.0 percent. The latest weekly data shows that beef cow slaughter was up 2.7 percent year over year, just the second week this year up less than 3.0 percent. It’s too early to be sure but beef cow slaughter may be slowing down. In Oklahoma auctions, the weekly volume of cull cows was double last year from July through early November before declining the past two weeks. Two weeks ago, the weekly cull volume was about equal to last year, and the volume in the latest weekly data is down 9.0 percent year over year.
For the year to date, beef cow slaughter is up 12.3 percent year over year. If beef cow slaughter were to decline to just equal year ago levels for the remaining weeks of the year, total beef cow slaughter for the year would be up 10.5 percent year over year. This would be a net beef cow herd culling rate of 13.1 percent for the year, a new record level. The actual culling rate is likely to be a little higher.
However, heifer slaughter has not yet shown any signs of decreasing. The October 1 quarterly cattle on feed report showed that the number of heifers in feedlots was still up 1.7 percent year over year. Since that report, weekly heifer slaughter has continued to be up over four percent year over year with the most recent week up 5.8 percent over the same week one year ago. Lower feedlot placements in October presumably means fewer heifers entering feedlots as well and reduced heifer slaughter eventually.
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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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NCBA Working to Help Cow-Calf Producers Have the Upper Hand
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In this episode of Beef Buzz, I am visiting with the 2022 President-Elect of the National Cattlemen’s Beef Association, Todd Wilkinson, about the state of the cattle industry and producer morale as 2022 comes to an end.
“The ability of that producer to maybe see some dollars coming back into their pocketbook has permeated the countryside,” Wilkinson said. “Suddenly, the cow-calf guys are getting a little bit more for their calves, and maybe we are getting some competitive advantage back up on the packers, simply because of the numbers out there.”
Wilkinson said he has seen a sentiment of optimism across the countryside in the beef industry.
“I think the beef industry is looking for a pretty good run,” Wilkinson said. “I think we are going to be back in that 2014-15 range where we can put some money in our pockets. Goodness knows we need an opportunity to do that.”
Wilkinson also talked about the work NCBA is doing to improve the market.
“From the producers that I talk to, we really just want to have the ability to not have somebody tell us how we have to market our cattle in any particular fashion,” Wilkinson said.
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Amarillo Farm and Ranch Show Kicks off Today
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Opening day for the 2022 IDEAg Amarillo Farm and Ranch Show is today- as the The IDEAg Amarillo Farm & Ranch show provides farmers and ranchers a place to network, learn and grow. This event is focused on agribusiness across the Texas panhandle, New Mexico, Oklahoma and Kansas.
This is one of three farm trade shows owned and operated by the American Farm Bureau. Others are in Minnesota and the Dakotas.
Today through Thursday- close to 500 exhibitors will be showcasing agricultural products, services and technologies. The IDEAg Amarillo Farm & Ranch show is a place to see the products up close and personal, attend classes and education sessions for CEU credits and to network with friends and neighbors to share ideas and help grow your family farm or ranch.
The show is in the Amarillo Civic Center in downtown Amarillo- admission is free- the show hours are 9 am to 5 pm today and Wednesday and Thursday, December first the show will be open from 9 AM to 4 PM.
You can learn more about the workshops and meetings planned at the Amarillo Show by Texas Agrilife by clicking 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
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The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website. For more information- call 405-235-4391.
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Oklahoma Ag in the Classroom Art and Photography Contest now Open
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The 2023 Oklahoma Ag in the Classroom Art & Photography Contest is now LIVE!!
Our theme this year is Oklahoma Agriculture: Our Roots Run Deep. We hope you will explore Oklahoma’s rich agricultural heritage through a variety of Ag in the Classroom lessons. Find your agricultural “roots” through family; genetics; crops; livestock; or pioneers and historical figures in agriculture.
Our goal this year is to have all 77 counties in Oklahoma represented!! We have an art contest for grades PK-12th grade (Coloring Sheet for PK-2nd, Poster for 3rd-12th) or a Photography contest for grades 9th-12th. Please follow the link below to find out more information about the contest: https://oklahoma.agclassroom.org/contest/
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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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Farmers Urged to Plan for Volatility in 2023
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At the National Association of Farm Broadcasters in Kansas City, Farm Director, KC Sheperd, had the chance to visit with Ag Economic and Policy Advisor at Farm Credit Services of America, Matt Erickson, about an outlook for 2023 as many factors continue to impact the markets.
“We have had quite a 2022 year,” Erickson said. “Farmers have been through black swan events, drought in South America, even drought here in the U.S.”
Looking at the 2023 farm bill, Erickson said it is important to give the committees a chance to work and understand what has worked well, and what can be improved from the 2018 farm bill.
“When I look back at my time on the Senate Ag Committee, what is so hard about writing a farm bill is it is not about looking at what is going to happen in 2023 when you write it,” Erickson said. “It is about the next 5 years and what economic conditions are going to look like.”
From talking with producers, Erickson said he knows they want predictability and certainty with regard to making sure that the 2023 farm bill gets finished.
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Funds Available to Protect Agricultural Land and Grasslands Across Oklahoma
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Eligible Partners have until December 30, 2022, to sign up for funding.
Through the Agricultural Conservation Easement Program’s Agricultural Land Easement component (ACEP-ALE), the Natural Resources Conservation Service (NRCS) enters into agreements with eligible partners for purchasing easements that protect the agricultural use and conservation values of eligible land. This program helps farmers and ranchers keep their land in agriculture production. It also protects grazing uses and related conservation values by conserving grassland, including rangeland, pastureland and shrubland.
The program helps protect the long-term viability of the nation’s food supply by preventing conversion of productive working lands to non-agricultural uses. Land protected by agricultural land easements provides additional public benefits, including environmental quality, historic preservation, wildlife habitat and protection of open space.
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Warmer Temps Across the State this week with Little Rain Chances
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Warmer weather is headed our way this week, according to State Climatologist Gary McManus.
"It's gonna get nice and warm, relatively speaking, on Tuesday, then really cold Tuesday night and Wednesday then warms up again by the weekend," McManus said. "It’s the classic Oklahoma temperature roller coaster, just in time for December.”
McManus says this will be a dry front, though; no rain is expected until we get closer to the weekend.
“The rain over the Thanksgiving Holiday will further erode the drought in that part of the state," McManus said. "It would be nice to spread some of that moisture farther to the NW, but that’s the nature of things right now.”
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Farm Share of U.S. Food Dollar Reached Historic Low in 2021
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U.S. farm establishments received 14.5 cents per dollar spent on domestically produced food in 2021—a decrease of 1.0 cent from a revised 15.5 cents in 2020. The figure is the lowest recorded farm share value in nearly three decades, according to USDA’s Economic Research Service. The remaining portion of the food dollar—known as the marketing share—covers the costs of getting domestically produced food from farms to points of purchase, including costs related to packaging, transporting, processing, and selling to consumers.
One contributor to the 2021 decline in farm share was a shift to food-away-from-home (FAFH) spending. Farm establishments typically receive a smaller share of FAFH spending because of the large amount of value added by FAFH outlets such as restaurants. As a result, the farm share generally decreases when FAFH spending increases faster year-over-year than food-at-home spending. FAFH spending increased markedly in 2021 after a sharp decrease early in the Coronavirus (COVID-19) pandemic. Accordingly, the farm share returned to its pre-pandemic downward trend in 2021 after an increase in 2020. The USDA, Economic Research Service (ERS) uses input-output analysis to calculate the farm and marketing shares from a typical food dollar.
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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 mixed- Choice Beef was up $2.70 and Select Beef was down $5.84 on Monday 11/28/2022.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 6,500 head on Monday, November 28, 2022.
Compared to last week: Feeder steers and heifers 1.00 – 3.00 higher with instances 6.00 – 10.00 higher. Steer calves 3.00 – 7.00 higher. Heifer calves steady to 3.00 lower. Quality average to attractive. Demand moderate to good. Recent rains and warmer temperatures has definitely improved demand for wheat pasture cattle.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 10,063 head on Monday, November 28, 2022.
Compared to last week feeder steers under 800 lbs. traded steady with heavier weights trading steady to 2.00 lower. Feeder heifers under 475 Lbs. traded steady to 3.00 higher with heavier weights trading steady. Supply was heavy with very good demand.
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.
KC Sheperd talks with three of the country reps that live in Japan and work for US livestock producers in Japan as a part of the US Meat Export Federation team in that important export destination for US Beef and Pork.
KC talked to Takemichi Yamashoji, Director, USMEF Japan; Satoshi Kato, Marketing Director, USMEF Japan and Taz Hijikata, Director, Consumer Affairs, USMEF Japan at the recent USMEF Strategic Planning Conference held in Oklahoma City
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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