Impact of Slow Wheat Pasture Development on Cattle Production Offset by Ample Forage ConditionsMon, 06 Nov 2017 15:05:51 CST
Mondays, Dr. 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 Dr. Glenn Selk. Today, Dr. Peel explains how ample forage in Oklahoma is supporting the state's cattle production.
"Despite lagging wheat planting and slow wheat pasture development thus far, forage conditions in Oklahoma are generally very good. In the last week of October, 83 percent of Oklahoma wheat acres were planted compared to a five-year average of 91 percent for this date. Wheat emergence was reported at 70 percent compared to 75 percent in the five-year average. However, wheat condition was reported at 47 percent good to excellent and another 46 percent fair. Seven percent of Oklahoma wheat was rated poor or very poor. Though little wheat is currently being grazing, wheat pasture will likely develop fairly quickly from this point.
"The end of October brings the final estimates of range and pasture conditions for the season. Oklahoma pasture conditions were rated at 46 percent good to excellent, equal to one year ago, with 44 percent rated fair, up from 38 percent last year. Only ten percent of pastures were rated poor or very poor compared to 16 percent one year ago at this time. This year it’s quite common to see cows 'belly-deep' in pasture at the end of the growing season. Abundant standing forage in pastures may help producers reduce hay needs and moderate cow costs this winter.
"Unusually favorable growing conditions in the late summer and fall period boosted forage quantities and maintained quality above average. USDA-NASS increased Oklahoma hay production estimates in October significantly from the initial estimates in August. Other hay production was revised up by nearly 18 percent from the August estimates leading to a 2017other hay production estimate of 5.0 million tons, down less than one percent from the 2016 level. Alfalfa hay production was increased by three percent over the August estimate to a 2017 total of 1.122 million tons, 40.6 percent higher than 2016. Combined 2017 alfalfa and other hay production in Oklahoma is now projected to be up 4.9 percent from 2016 levels. Combined with slightly higher May 1 hay stocks, total Oklahoma hay supplies for the 2017/2018 winter feeding season are up 4.6 percent compared to last winter.
"Ample pasture and hay supplies are allowing flexibility for Oklahoma cattle producers. Anecdotal reports suggest that some calf weaning and marketing has been delayed because of the abundance of fall forage. However, combined Oklahoma feeder auction volumes for the past eight weeks have averaged 7.5 percent above last year. It does not appear there is any significant delay in calf marketings this fall. Despite the lack of wheat pasture, there are also indications that some stocker producers have “stockpiled” stockers on other forages until the wheat pasture is ready. The demand for stockers has held calf prices to limited seasonal declines before increasing this past week. After last week’s jump, Oklahoma calf prices are at the highest levels since June while heavy feeder cattle prices are at the highest levels since the end of 2015."
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