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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
At OKC West
in El Reno steer and heifer calves were to lightly tested for an accurate market trend -
to review the complete sale report from the USDA.
has 847 head of cattle on their showlist for the Wednesday, September 4th sale of finished cattle -
to jump to the website.
Each afternoon we are posting a recap of that day's markets as analyzed by
Justin Lewis of KIS futures
or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, September 4, 2019
We are proud to share with you our first in a new series of Podcasts that we will be producing regularly- they are being called the
Road to Rural Prosperity. The goal of these regular conversations are to showcase excellence in Oklahoma- and to spotlight those individuals who have unique talents and gifts to help make that excellence a reality.
During the race for Governor a year ago- we heard Candidate Kevin Stitt capture the imagination of the Oklahoma voter as he talked about his desire to see Oklahoma be a Top Ten State in all things- that helped elect him and he has followed
through with that concept in pulling together his team and in his comments at venues all over Oklahoma.
It's only appropriate that our first guest to join us on the Road is the
28th Governor of the State of Oklahoma- Kevin Stitt. He grew up a "PK" as his dad was a Pastor- and both of his Granddads had ties to the land- one as the Veterinarian at the Oklahoma National Stockyards and the other as a dairy farmer.
Growing up in Oklahoma with that type of heritage provided our Governor with his work ethic and his worldview- he and I talked about what drives him, what possessed him to want to run for public office for the first time in his life and how that campaign came
We talk about the origins of the Top Ten conversation that helped fuel his campaign, and how getting out into all 77 counties helped in his preparation to jump into the job of being the Chief Executive Officer for the State of Oklahoma.
We talk about his first days in office- and several key policy areas that continue to be front and center after being in office for eight months.
I believe that you will enjoy this in depth look at the man, at his family, at his growing up years and then his efforts to make Oklahoma a Top Ten State.
There are a couple of places you can go this morning and hear our visit with the Governor-
click or tap here for the conversation on Soundcloud- you can also find the complete visit in our
Ag Perspectives Podcast Section on our website- OklahomaFarmReport.Com-
click or tap here for it there.
We will be posting links to our Podcasts on Facebook- and we have a dedicated Website where all of the Road to Rural Prosperity podcasts will be housed- and details on how you can subscribe to the Road on your favorite Podcast outlet.
Click or tap here for our RRP Website.
Let me know what you think about my visit with the Governor- and your ideas on where we should be going in future Podcasts.
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.
The United States Department of Agriculture released its latest Crop Progress Report on Tuesday, September 03, 2019 just a day late due to the Labor Day Holiday. According to this week's report, the overall condition of both the US corn and soybean crops
remain relatively good with some notable progress made in the development of the crops since last week's report. Favorable weather forecasts also bode well for continued progress in the weeks ahead. Focusing on corn, the crop's conditions increased this week
by one point up to 58% good to excellent condition. That fell within the average trade guess of 58 to 59%, but still looks a bit less desirable compared to last year's rating at this time of 67% good to excellent. Corn doughing is reported this week at 81%
versus 71% last week and the five-year average of 93%. Corn dented is reported at 41% this week, a long jump from 27% the week before but still a far cry from the 63% measure recorded this time last year. Corn maturity is rated at 6% currently, less than half
the normal rate of 13% and more than three times below last year's rate of 20%. Meanwhile, the US soybean crop is reportedly at 55% good to excellent condition this week. Though steady with last week's rating, it is still 11 points below last year's rating.
Soybeans blooming is reported at 96% this week, up two points from last week but below normal by four points. Soybeans are setting pods at 86% versus 79% last week and 96% the average. This report coincides with a flip of the US weather forecast which has
turned to the warm side, alleviating any early frost concerns for the time being.
Pasture and range conditions rated 53% good to excellent nationally. Click
here to review the full USDA Crop Progress Report for the week of September 3, 2019.
Across the Southern Plains, pasture and range conditions continue to show signs of deterioration as well.
In Oklahoma, pasture and range condition this week in Oklahoma are reported at 11% poor to very poor, 30% fair and 59% good to excellent. Most of our spring planted crops are catching up on their progress. To
review the full Oklahoma Crop Progress Report for this week, click
In Kansas, pasture and range conditions rated 7% poor to very poor, 25% fair, 68% good to excellent. To review the full Kansas Crop Progress Report for this week, click
Finally, across Texas, pasture and range this week rates 21% good to excellent, 34% fair and 45% poor to very poor. To review the full Texas Crop Progress Report for this week, click
To sum up the current pasture and range condition here in the Southern Plains- here's the Good to Excellent Ratings for this week and the change from last week:
Oklahoma 59% +10%
Kansas 68% -2%
Texas 21% -1%
Farmer concern regarding low prices and the farm economy led to a sharp drop in the August Ag Economy Barometer. The Perdue/CME Group economic measure fell 29 points last month to a reading of 124. The barometer's decline was attributed to declines in
both the Index of Current Conditions, which dropped 19 points, and the Index of Future Expectations, which fell 34 points below its July reading.
A reading greater than 100 still indicates positive sentiment, while a reading below indicated negative sentiment. Weaker views were fueled in part by both crop and livestock price declines that took place during late July and early August. Meanwhile,
producers' concerns about the future of the farm economy led to a more negative outlook on the advisability of making capital investments and on the short-term farmland value outlook.
Meanwhile, farmers in August were slightly more optimistic the trade dispute with China will be resolved soon, although many still think resolution of the dispute will not come quickly.
to read more about this month's reading of the barometer on our website.
Governor Kevin Stitt signed an agreement Tuesday formalizing a strategic alliance between the Oklahoma State Secretary of Energy and Environment, Oklahoma Department of Environmental Quality, Oklahoma Water Resources Board and the Oklahoma
Rural Water Association. Our own Carson Horn caught up with Governor Stitt to yesterday to talk about this historic agreement and the impact it will have in Oklahoma's rural communities.
According to Stitt, the alliance agreement commits the organizations to work together and allows them to combine their resources in order to help them update aging infrastructure and improve the sustainability of Oklahoma's rural water and wastewater systems.
James Gammill, Oklahoma Rural Water Association CEO remarked during the signing ceremony that this commitment among the organizations is a positive step toward the Governor's goal of making Oklahoma a top ten state in the nation. He adds
that it also provides long range value for Oklahoma's citizens and helps elevate the rural water and wastewater systems to a best in class business model by starting the process of updating degraded infrastructure and by equipping local stakeholders with the
tools and skills they need to keep Oklahoma's watershed systems sustainable into the future.
Listen to Carson's complete conversation with Stitt to learn more about the impact this initiative will have in rural Oklahoma,
by clicking here
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email-
National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They
also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business,
here for their website or call the Oklahoma City office at 1-800-310-0220.
American Farm Bureau Federation President Zippy Duvall issued a statement regarding the ever looming issue of trade.
"While the latest Chinese tariffs are no surprise, they are no more welcome than before. The Trump Administration must focus on keeping the negotiations with China on course to resolve this trade war.
"We appreciate efforts by the U.S. Trade Representative and the Agriculture Department to open new markets and expand others. Farmers and ranchers are grateful for mitigation payments, too. For many, those payments are the single-most critical factor
in their ability to stay in farming for a little while longer. But let's be clear: those payments do not make them whole, especially with additional challenges from Mother Nature. Many farmers and ranchers cannot withstand continued uncertainty in trade. We
must restore and expand markets."
or tap here to read more from Duvall regarding the trade issues facing agriculture.
The American Angus Association has had a lot on its plate recently, according to the organization's president and Oklahoma Angus breeder, John Pfeiffer. In a recent interview with me, Pfeiffer talked about the recent rollout of the association's
new EPD indexes that were developed using genomically enhanced EPD calculations.
"We released our update $Beef, our $Maternal Index and then eventually we will have a $C Index that will be release next year in May," Pfeiffer reported. "We decided rather than release them all at the same time, we were going to spend a year educating
people how this index is calculated, what all is in it and so we're in the process of educating people so they can better understand it."
Pfeiffer says the association's purebred stakeholders will continue to find these updated EPDs useful, but says the commercial cattleman will especially find value in them - particularly in regard to the $C index which he says factors in and consolidates
all the EPD information into one reference. Each of the new indexes though can be used for specific purposes depending on a producer's particular interest or goals.
You can listen to the entire conversation between Pfeiffer and I on Thursday's Beef Buzz - here.
Brazil announced it has raised the quota on U.S. ethanol imports under the tariff rate quote (TRQ) up from 600 million liters per year to nearly 750 million liters per year. The TRQ regulates the threshold of ethanol that can be imported into Brazil without
triggering a 20% tariff. Following the announcement, Growth Energy, U.S. Grains Council, and Renewable Fuels Association released statements:
Emily Skor, CEO, Growth Energy:
"We appreciate the U.S. government's efforts to raise the TRQ, however we are disappointed that Brazil did not remove their tariff completely to allow a fully open market. Brazilian ethanol continues to have virtual tariff-free access to the U.S. and
puts U.S. ethanol producers at a disadvantage at a time when they need it most. We will continue working with U.S. government officials, the Brazilian government, and our allies to truly open the ethanol market and build a strong trade relationship for decades
Ryan LeGrand, President and CEO, U.S. Grains Council:
"We are very disappointed Brazil did not fully consider the vast information we and the U.S. government provided them showing the detrimental and negative impact this TRQ has on Brazilian consumers by raising prices at the pump. We will actively encourage
review of this policy, which inhibits trade between our countries and hinders the development of a robust global ethanol marketplace. Free and reciprocal fair trade between the world's two largest ethanol producers should be a model for other countries to
follow. Instead Brazil is showing other countries a path to construct barriers to trade, which will hurt all consumers in the short, medium and long terms."
You can read more from the organizations and from Geoff Cooper, President and CEO, Renewable Fuels Association,
by jumping over to our website.
|Our thanks to
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& K Equipment, AFR
Farm Bureau, Stillwater
Milling Company, National
Livestock Credit Corporation, Oklahoma
Beef Council, Oklahoma
Oklahoma Cattlemens Association and KIS
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