Subject: Oklahoma's Farm News Update
From: Ron Hays <>
Date: 10/4/2019, 5:21 AM

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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.

Let's Check the Markets!  

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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futuresclick or tap here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Thursday, October 3rd.
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.
Feeder Cattle Recap:  
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
Slaughter Cattle Recap: 
The National Daily Slaughter Cattle Summary- as prepared by the USDA.
TCFA Feedlot Recap:  
Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor

Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production

Kane Kinion, Web and Email Editorial Assistant

Oklahoma's Latest Farm and Ranch News

Your Update from Ron Hays of RON
    Friday,  October 4, 2019

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
One Featured Story:
Tulsa State Fair Grand Steer Sells for $30,000 at 2019 Premium Sale of Champions

The Junior Livestock Show at the 2019 Tulsa State Fair came to a close last night- with the sale of the top animals in five species. 

Leading off the sale, as is tradition, was the sale of the Grand Champion Steer. And as is tradition, the name LC Neel was a part of the conversation as to who bought the Steer, owned by Kaid Reininger of Newcastle FFA. $30,000 was paid by the LC Neel family and Arvest Bank Foundation. The 94 year old benefactor of the Tulsa sale was not able to attend this year- but had family members representing him.

The Grand Champion Barrow was next, selling for $15,000.  High School senior Pace Mittelstaedt of Amber Pocasset FFA showed the best market hog at the 2019 competition- A last minute coalition of buyers came together for the purchase of the top barrow with the Tulsa Farm Show, Oklahoma Farm Bureau, the Tulsa Wyndham Hotel and the Arvest Bank Foundation all participating.

Elk City's Mason Smith lead the third animal into the ring, his Grand Champion Market Lamb.  This FFA member saw his animal being purchased for $10,000 by Arvest Bank Foundation and Cherokee Pipe.

The Grand Champion Goat also sold for $10,000- the best goat by the show was owned by Addyson Schneberger of Carnegie 4-H- buyers included JB Water Well and Arvest Bank Foundation

Finally, the Grand Champion Pen of Broilers was shown by Zac Chitwood of Tipton FFA- with the three chickens selling for $2500 and Arvest Bank Foundation buying them.

Prices for the top animals were about the same as in 2018, with the exception of the top pair of Barrows, with both the Grand Champion and the Reserve Grand Champion Barrow, the Reserve Crossbred shown by Madilyn Norvell both going for a couple of thousand dollars more than a year ago. Final numbers from the sale of the 147 animals that made the cut will be available later- in 2018, just over a half million dollars were invested into the future of these 4-H and FFA members who participated. 

Sponsor Spotlight
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.

In his weekly visit with SUNUP host Lyndall Stout this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson takes a look at how prices abroad are causing issues here in Oklahoma's wheat market.    

"I got excited when the KC December contract closed two days in a row above $4.10/bu," Anderson said. "I said if it breaks that we are going to continue this short run up trend. But it lasted those two days, then it crashed back down below it. Its down around $4.00/bu now."   

Anderson says he thinks the December contract price dropped due to prices in the Black Sea Region. Ukraine offered wheat FOB at about $200 a metric ton, which comes out to about $5.50/bu. At that price with the shipping cost to get it to the ports and across the ocean, prices in Oklahoma would have to be about $3.65/bu to compete with the BSR, he added.    

You can watch his visit tomorrow or Sunday on SUNUP - but you can hear Kim's comments right now and see what else is on the lineup for this week's episode, by clicking here 

The National Cattlemen's Beef Association Vice President of Government Affairs, Ethan Lane, issued a statement earlier in the week in response to a Nebraska rally demanding government intervention to alleviate price disparities impacting cattle markets.

"Yesterday, an HSUS-funded organization called the Organization for Competitive Markets (OCM) held a rally in Omaha, Nebraska entitled the "Rally to Stop the Stealin' (sic)". According to OCM, this event was intended to place pressure on the Trump Administration and U.S. Department of Agriculture (USDA) Secretary Sonny Perdue to "fix" our cattle markets in response to the price disparity producers are currently having to endure," Lane stated.

"First and foremost, I think it's important to make clear - once again - that these producers have every right to be angry. Down markets are horrible, and can leave a wake of financial and operational hardships that can persist for years after the boards in Chicago have moved on. Our stance remains consistent: NCBA is committed to the USDA's investigation into the events surrounding the Holcomb plant fire and stand ready to respond to the results of that investigation to ensure that our members - 95 percent of which are boot-on-the-ground producers - have a fair market in which to thrive. Unfortunately, this continues to be the focus of much of HSUS and OCM's misinformation and deception campaign. What's worse, they've found willing allies in the leadership of both the U.S. Cattlemen's Association and R-CALF."

Click or tap here to read more from Lane regarding OCM and their involvement with HSUS. 

Long-time Oklahoma grain industry leader, Joe Neal Hampton, announced his plans to resign this week. Hampton's plans are to continue working until the middle of next year in order to give the groups he works with time to find a suitable replacement. Hampton released a letter to the grain industry on Thursday- and has given us permission to share it on our website and with our daily email readers.

Dear Assn. Members, Colleagues and Industry Friends:

After more than 47 years of service to the Oklahoma agribusiness industry, I have decided to announce my retirement effective June 30, 2020. A transition committee has been formed to select my replacement. This process has begun, and additional information will be forthcoming from the committee chair Steve Sweeney.

Serving as the President and CEO of the Enid Board of Trade, and now the Oklahoma Grain and Feed Assn., Oklahoma Agribusiness Retailers Assn., Oklahoma Seed Trade Assn., and Oklahoma Wheat Growers Assn. has indeed been a most rewarding and fulfilling experience. I could not have asked for a better group of people to work with over these years than those involved in the grain, feed, seed, fertilizer, ag chemical and wheat production business. It has truly been an honor to serve them.

You can read more from Hampton regarding his decision, by clicking or tapping here

Sponsor Spotlight
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans."  Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected.  Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.

At the start of 2019, the US beef cow herd was higher than a year earlier by about 300,000 head. Coming into the start of the year, there were 31.765 million head, 1% higher than the year before. Oklahoma's beef cow numbers were up by 3% from a year ago at 2.15 million head, making it the second-place state with Texas being the largest beef cow state in the nation at 6.455 million head at the start of 2019. Looking toward the end of 2019 and into 2020, Jim Robb, lead economist for the Livestock Marketing Information Center, says based on the beef cow and beef heifer slaughter numbers of 2019, we may actually be in a slight decline in beef cow numbers.

"Those numbers will have some implications for the cattle inventory come January 1, 2020 and especially on the heifer slaughter side, these numbers have been very large posting large gains year-over-year," he said, adding that both heifer and cow slaughter has picked up again in just recent weeks. "This has added pressure back into the cull cow price profile, but it definitely sets the stage for the January 1, 2020 beef cow inventory to be down fully a half a percent, maybe even closer to 1% year-over-year."

While Robb admits, there is still several months to go in this calendar year, he contends that the profile is clearly developing. Perhaps not quite as large a contraction as some of the past cattle cycles, but certainly one that suggests the peak has come and gone. At present, Robb says it seems that numbers across the board are tightening, most aggressively in terms of slaughter cattle and bolstered specifically by the female slaughter component. Looking ahead, Robb expects only minimal changes to occur.

You can listen to the entire conversation between Robb and I on Thursday's Beef Buzz - here

Uncertainty over trade policy, weather and African swine fever dominated agricultural markets last quarter, causing greater volatility. A report just released by CoBank says issues in the market are affecting producers, supply chains and end users. Trade negotiation breakthroughs have largely remained elusive, and the U.S. agricultural sector is preparing for its second consecutive harvest under the shadow of hefty tariffs.

A CoBank spokesperson responded that, "Global trade tensions are ratcheting up as world economic growth slows." Meanwhile, the historically late planting of the 2019 corn crop is creating extremely volatile cash corn prices. End users like ethanol producers and livestock feeders are biding old-crop corn supplies higher in anticipation of a short harvest this fall, with prices falling back to levels seen before spring planting. And, the report says the already volatile U.S. animal protein markets have gotten more volatile in the third quarter on nearly every front.

You can read more from CoBank regarding the volatility in the U.S. agricultural markets, by jumping over to our website

Drought stats will drop next Thursday, based on the rains we have seen in the Panhandle, northwest and west central areas of Oklahoma- but it will likely hang on in the far southwestern counties for a little longer. The latest Drought Monitor released Thursday morning shows very little change from a week ago, although the last bit of Severe Drought in Oklahoma is confined to just Tillman County this week- making up one percent of the state's landmass.

The moderate/severe drought totals 11% of the state, with just over 25% of Oklahoma either abnormally dry or in drought this week- as it was last week as well.

Compared to a year ago, when drought was seen in just under 9% of Oklahoma, there is not much change either.

For a closer look at this week's Drought Monitor, or to review State Climatologist Gary McManus' latest Mesonet Ticker report, click here.

Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork CouncilOklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit CorporationOklahoma Beef Council, Oklahoma AgCredit, Oklahoma Ag Mediation Program, Inc.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 also appreciate our Market Links Sponsor - OKC West Livestock! 
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.   

God Bless! You can reach us at the following:  
phone: 405-473-6144


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