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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.
From Bill Barnhart at OKC West- 8,600 sold this week at OKC West. In the face of continued negative news in the marketplace, the cattle market again found a way to keep its head above water. Calves were a little higher Tuesday and feeders sold fully steady Wednesday except for some of the lesser quality offerings. Click here for the complete report as compiled by USDA Market News.
Okla Cash Grain:
Boxed Beef Prices
fell again on Wednesday- Choice Beef was off $1.59 while Select was off $1.47. Click here
for the full report from USDA Market News.
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Sam Knipp, Farm Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, July 2, 2020
Today, The United States-Mexico-Canada Agreement (USMCA) enters into force, replacing the decades-old NAFTA. USMCA is a better deal for America's farmers, consumers and workers that will set them up for success for decades to come. U.S. Secretary of Agriculture Sonny Perdue penned an oped in the North Carolina Fayetteville Observer saying, "USMCA creates more market access for farmers from across our nation to sell their wholesome and nutritious products to our closest neighbors. This is a better deal for America that will grow our economy and put more money in the pockets of American families."
More here from Secretary Perdue's oped:
"On my first day as Secretary of Agriculture, President Trump promised he'd fight for better deals for American farmers. That is why the president renegotiated the decades-old NAFTA and modernized it into a better deal for America's farmers, consumers and workers that will set them up for success for decades to come...
"We are shown once again that President Trump has the backs of America's farmers and thank him on the delivery of this much better deal...
"USMCA helps all of America's diverse agricultural industries. This new and improved deal secures greater access to markets and lowers barriers for our agricultural products...
The Oklahoma Agriculture Mediation Program knows this is a hard time for farmers and ranchers. We want you to know we are still open, and we are still here for you. The Ag Mediation program is a free service that provides mediation to agriculture producers who may need help with ag-related disputes.
At Oklahoma Ag Mediation, we have been helping people in agriculture resolve conflicts since 1987. We know firsthand about working together to resolve conflicts, so you don't have to go through the court systems. Let our professional mediators help you. Mediation is allowed for lease issues, farmer/neighbor disputes, family farm transitions, and more. These services are available at no cost for Oklahoma farmers and ranchers in all 77 counties. For more information, you can go to ok.gov/mediation
, or give us a call at 800 248 5465.
| Ag Groups Celebrate USMCA Trade Agreement
The United States-Mexico-Canada Agreement (USMCA) is now in effect, at a crucial time for farmers and ranchers struggling to recover from COVID-19 losses and a depressed agricultural economy. The expected $2 billion annual increase in U.S. agricultural exports and overall increase of $65 billion in gross domestic product will provide a welcome boost.
USDA estimates COVID-19 contributed to a $50 billion decline in commodity value alone for 2019, 2020 and 2021 production totals. This does not include all of agriculture's losses, which would be billions more.
Several Ag Groups have expressed gratitude over the new deal.
The National Cattlemen's Beef Association said, ""Together, our organizations worked in unified support of USMCA because it protects market-based principles while making improvements in other sectors to reflect the needs of a modern North American economy," the leaders of the three cattlemen's organizations wrote. "We are the envy of many countries because of the marketplace freedom USMCA will continue to provide both producers and consumers."
The US Wheat Organizations s
aid, ""A completed USMCA finally gets us past the uncertainty and that is welcome news to U.S. wheat growers," said U.S. Wheat Associates (USW) Chairman and Paulding, Ohio, wheat farmer Doug Goyings. "Especially as we now see an opportunity for U.S. negotiators to take this as a gold standard agreement and launch negotiations with other countries, where U.S. wheat growers face tariff and non-tariff barriers."
You can also read comments from other Ag Groups listed below.
Agriculture Retailers Association:
US Dairy Industry:
US Grains Council:
Meat counters are now full as processing plants have worked overtime to catch up. In fact, Dr. Derrell Peel, OSU Extension livestock market economist says we have 5 percent more beef coming on the market now. Peel recently talked with Radio Oklahoma Ag Network Farm Director Ron Hays.
There is plenty of beef, Peel said.
Heavy carcass weights resulting from cattle backed up in the feedlots and weekly processing numbers almost equal to year ago levels has resulted in an oversupply that could continue for several more months.
I think we will make some progress as we go through the summer, Peel said.
He said it's going to depend on market indicators and additional processing days.
It's hard to maintain big Saturday kills indefinitely, Peel said.
The Annual Acreage Report for 2020 from the National Ag Statistics Service of USDA shows that Oklahoma has a total of 9.554 million acres in major reported crops in 2020. The two largest planted and/or harvested crops by the number of acres reported by USDA in Oklahoma include winter wheat and all hay.
Oklahoma is the second largest winter wheat in the United States in 2020, with 4.3 million acres planted and 2.7 million acres harvested, behind only Kansas and ahead of Texas in harvested acres. In the case of all hay acres- USDA reports that Oklahoma has 2.92 million acres of all hay in 2020- down slightly from the 3.005 million acres of 2019. Oklahoma is the fourth largest state in the country in total hay acres- behind Texas, South Dakota and Missouri.
Oklahoma has also grown to be a significant player in acres of planted cotton- here in 2020- the state is the third largest cotton state in terms of planted acres- behind Texas and Georgia. The 2020 planted number by Oklahoma cotton producers is 640,000 acres.
When the grass is growing and the animals and the crops need care, you need America's most trusted tractor to get it done. And that's where P&K Equipment steps in with the solution you need- from John Deere equipment sales, to the technology, parts, and service support. Whether you're choosing your John Deere equipment, securing financing, buying parts, or scheduling service, the P&K team is committed to meeting the needs of customers in-person (at one of their 27 locations) or online at pkequipment.com.
The experts at P&K Equipment make it their mission to provide top-notch solutions and unbeatable customer service.Visit their website, call one of the stores, or stop in and see them today- discover the P&K experience for yourself.
The Oklahoma Beef Council is partnering with Beef. It's What's For Dinner., funded by the Beef Checkoff, to launch "United We Steak," a new summer grilling campaign showcasing 50 steaks and all 50 states.
"United We Steak" celebrates not only a shared tradition of grilling delicious steaks, but also what makes each state unique when it comes to this beloved pastime. The idea comes to life at UnitedWeSteak.com with an interactive map of the United States made from 50 hand-cut state-shaped steaks. The interactive map is packed full of grilling spirit, state-specific recipes and fun facts that can help consumers nationwide "beef up" grilling season this summer.
Underpinning the campaign is a recognition that across all 50 states, there is a universal love of beef sizzling on a summer grill. According to research conducted by Beef. It's What's For Dinner., which is managed by the National Cattlemen's Beef Association, a contractor to the Beef Checkoff, nearly one-third of consumers say that they plan to grill more this summer than they have in the past.
The latest report from Plains Grains on the 2020 Hard Red Winter Wheat Harvest is out- and shows Kansas passing the two thirds done mark with the 2020 Harvest while Oklahoma and Texas are all but done at 99% complete. Here is a portion of the report released Wednesday evening, July 1, 2020:
"The 2020 HRW wheat harvest continues to roll northward across the central US as harvest weather remains favorable with hot, dry windy weather in all areas now cutting. Texas and Oklahoma are virtually done in both states, now at 99% complete with harvest. Kansas is now 70% complete with harvest and starting to wind down in the southern half of the state while in full swing in the northwestern 1/3 of the state.
"Cutting has now crossed the Kansas/Nebraska line with limited harvesting starting in extreme southern Nebraska. Like much of the western wheat producing areas of the central US, environmental weather conditions during the final stages of crop development caused more rapidly maturity of the crop. The southwestern corner of the Nebraska remains in D2 (moderate drought) as defined by the National Drought Monitor."
Click or tap here for the complete report and a link to the latest Kansas Wheat Harvest daily update as well.
USDA's Office of Partnerships and Public Engagement seeks two USDA Liaisons based in Tallahassee, Florida, and Langston, Oklahoma.
These GS-13 positions serve as senior consultants to the State Food and Agriculture Council (SFAC) to advise the group on upcoming outreach activity; identify and facilitate outreach efforts for rural and underserved stakeholders, including military veterans, beginning farmers and ranchers, youth, women, faith-based institutions, minority-serving higher education institutions, and socially disadvantaged farmers and ranchers; and more.
They will also be responsible for establishing local economic development hubs and connecting stakeholders to the resources available to them through USDA programs and initiatives. The USDA Liaisons report to the National Outreach Coordinators in their respective regions.
You can apply here.
AND FINALLY- Fourth of July Arriving- Market Sked and More
With July 4th hitting a Saturday this year- the official holiday is tomorrow- July 3rd. That's the Federal holiday- which means all government offices are closed, as are banks and also the Ag Futures markets and Wall Street.
When the Ag Futures settle this afternoon- they will not reopen until Sunday late afternoon for the overnight electronic session ahead of the Monday trade.
Two of the weekly cattle auctions in Oklahoma that are regularly reported by Market News- Woodward and Apache- are closed this week(today) for the holiday.
We will have an abbreviated email report for July 3rd with some of the regular reports that we produce that will be rather out of date by next Monday after the holiday weekend- including things like our Kim Anderson commentary, the weekly Drought Monitor and more.
NEXT MONDAY- be looking for an updated appearance of this email- it will be only the SECOND time we have changed how this email looks over the some fourteen years we have been sending this email out weekdays.
We look forward to your feedback once the email starts landing in your email inbox next week.
Have a Happy Fourth of July- and celebrate the birthday of our country!!!!
I think I'll have a ribeye- the official steak of Oklahoma- and some watermelon as we spoil some of the grandkids!
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm, Bureau, Oklahoma Ag Mediation Program, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, 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!
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