|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!
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 futures
- click 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:
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
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, October 13, 2016
Record Corn and Soybean Crop Remains in Play for US Farmers
The latest USDA Crop Production Report shows a record corn and soybean crop remains in play for US producers - even with a slightly smaller US corn crop predicted based on October 1 data versus a month earlier. The US soybean crop keeps getting bigger as close to half of the harvest is now done. The cotton crop is 24 percent bigger than a year ago, but the US grain sorghum crop is 22 percent smaller than in 2015 because of the acres lost to other crops for the 2016 planting.
USDA also is forecasting the 2016 canola crop, which is mostly a spring planted crop except for the acres reported in Oklahoma and Kansas. The winter canola crop in those two states includes the first ever state breakout for Kansas, showing 23,000 acres harvested at the beginning of summer while Oklahoma ended up with 75,000 acres harvested this year. That's 35 percent fewer acres harvested this year versus last. While the crop is a much higher yielding crop in 2016 versus a year ago - 1,520 pounds versus 1,140 pounds - the final production comes in 13 percent smaller. The final yield on the Oklahoma canola crop in 2016 is 114 million pounds, while Kansas reports 45 million pounds for 2016.
Nationally, corn production is forecast at 15.1 billion bushels, up 11 percent from last year but down slightly from the September forecast. Based on conditions as of October 1, yields are expected to average 173.4 bushels per acre, down 1 bushel from the September forecast but up 5 bushels from 2015. If realized, this will be the highest yield and production on record for the United States. Area harvested for grain is forecast at 86.8 million acres, up slightly from the September forecast and up 8 percent from 2015. Acreage updates were made in several States following a thorough review of all available data.
Soybean production is forecast at a record 4.27 billion bushels, up 2 percent from September and up 9 percent from las t year. Based on October 1 conditions, yields are expected to average a record 51.4 bushels per acre, up 0.8 bushel from last month and up 3.4 bushels from last year. Area for harvest in the United States is forecast at a record 83.0 million acres, up slightly from September and up 2 percent from 2015. Acreage updates were made in several States based on a thorough review of all available data.
for links to the USDA Crop Production Report and the recently released USDA WASDE report for October.
Oklahoma AgCredit serves rural Oklahoma communities and agriculture with loans and financial services. Providing loans for rural property, farm and ranch land, country homes, livestock, equipment and operating costs is all we do.
We are the state's largest agricultural lending cooperative, serving 60 Oklahoma Counties. To learn more about Oklahoma AgCredit, click here for our website or call 866-245-3633.
|To Graze or Not to Graze Cattle, That is the Question
The big question for producers right now is whether or not any money can be made this fall and winter, grazing cattle out on wheat pasture. Oklahoma State University Livestock Market Economist Dr. Derrell Peel has advocated that the potential for profitable margins for producers using this strategy since late summer. However, several factors are causing him to be less confident about his hypothesis. He attributes the fact that there are simply too many unknowns yet to be answered, given the many uncertainties in the cattle market at this time."Despite the fact that we got off to a pretty early jump on wheat planting and early emergence of wheat, I think the demand for wheat pasture cattle has been slower to develop," Peel said, citing possible fears like wheat crop failures due to Army worms, for instance. "I think the bigger problem of course is just that the beef market and feeder cattle market in particular, has really been running scared for the last couple months."Dr. Peel says because of all this, producers are approaching things very cautiously, waiting to see how the market develops. He insists that confidence would bolster if the market were to find a bottom, potentially ushering in a fair buying opportunity. As of now though, producers and their lenders both seem to be waiting; nervous about jumping in too quickly."One of the challenges right now is just to do the budgeting on where wheat grazing will turn out," Peel said. "I think if you look at today's price relationship for feeder cattle, it would suggest there's a pretty good value of gain offered in the market right now. But it's hard to take the sale part of that margin equation out to the end and know exactly what to expect for it."Listen to Dr. Peel explain his position on whether or not there will be an opportunity to make money this winter grazing cattle on wheat pasture during the latest Beef Buzz.
|Dr. Kevin Folta Honored as the Winner of 2016 Borlaug CAST Communication Award
For the seventh year in a row, the winner of the Borlaug CAST Communication Award (BCCA) was honored at a World Food Prize side event, and this year's recipient--Dr. Kevin Folta--gave a memorable keynote address: Unveiling Our Halo--Building Trust with a Concerned Consumer.
As the Chair of the Horticultural Sciences Department at the University of Florida's Institute of Food and Agricultural Sciences, Folta conducts research, educates students and communicates important concepts about science and the public. With a wide following on social media, he participates actively in the public forum about a variety of topics related to agricultural biotechnology. His curriculum vitae is filled with impressive publications, presentations and awards--including the National Science Foundation CAREER Award, the Howard Hughes Medical Institute Award for undergraduate mentoring and the University of Florida Research Foundation Award.
Recipients of CAST's annual award are science/ag experts who demonstrate an ability to communicate through written material, public presentations and various forms of media. Folta's blog (Illumination) covers recent events at the interface between society and science, and his weekly podcast (Talking Biotech) discusses genetic improvements in agriculture and medicine. He has designed a communication workshop that teaches scientists how to properly engage a skeptical public.
Click here to read more about Dr. Folta's many accomplishments and find a link to his presentation.
|Oklahoma Peanut Harvest is Underway
It's been a great growing season for the Oklahoma peanut crop and the results of that are showing up as harvesting is getting into full swing.
The benefits of higher than usual rainfall and summer days that never got too hot or too dry for blooming, pegging and pod setting are obvious as the diggers and combines are steadily working their way across the fields. Even though all of Oklahoma's peanut acres are now irrigated, timely rains throughout the season provided a real boost to the crop. In many years, just maintaining the plants requires intense irrigation but that was never the case with the 2016 peanut crop.
September and early October weather was nearly perfect for maturing the crop. Both day and night time temperatures stayed within favorable ranges and the value of that good fortune is being seen as excellent yields of mature pods. A number of fields are coming in at around 5,000 pounds per acre and grades from this crop should be outstanding. At this point, it appears that the crop could average 2 tons per acre but that will be contingent on growers being able to get the crop out without weather delays and possible losses.
In 2016, Oklahoma peanut growers increased their planted acres by 35 percent compared to the 2015 crop. Hopefully, the high quality of this crop will result in the demand for even more production in 2017. Oklahoma growers will increase peanut acres again if the market and contracts are there.
Here's hoping for bright, warm days as harvest is being completed over the next three weeks or so.
Oklahoma Genetics is proud to represent the tremendous wheat varieties that have been developed by the Wheat Improvement Team at Oklahoma State University. Varieties like Iba, Gallagher and now Bentley are the result of years of breeding research designed to help wheat producers in the southern plains to grow high yielding, high quality winter wheat.
To learn more about each of the varieties OGI represents, click here for their website. You will find a "Seed Source" with a list of where seed for each variety can be purchased for the 2017 wheat planting season.
|Family Fun for Farmers and Ranchers Happening this Month at the McAlester Ranch & Home Show
If you are looking for a fun family outing this month, consider attending the 4th Annual McAlester Ranch & Home Show, happening October 21-23, at the Southeast Expo Center in McAlester, Oklahoma.
According to event organizer Kim Martin, the show will feature more than 200 booths occupied by more than 100 vendors of outdoor, home and ranch goods. The show will also feature Jeff Williams and Scott Daily. Williams will present cow dog demonstrations throughout the event, and Daily, a horse trainer, has promised to break six horses - only taking one hour per horse.
"I'll tell you what there is something for everybody at this show this year," Martin said. "This is our fourth year to produce the McAlester Ranch & Home Show, and it just gets bigger and better every year."
Click here for more information and to listen to Martin's full conversation with Associate Farm Director Carson Horn about the 4th Annual McAlester Ranch & Home Show.
Want to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.
|AFR Women Leaders Strive to Drive Away Hunger in Oklahoma
The Regional Food Bank of Oklahoma estimates one in six Oklahomans struggles with hunger. When you dig deeper into the stats, one in four children in Oklahoma struggles with hunger every day. Oklahoma is one of the hungriest states in the nation! Therefore, the American Farmers & Ranchers Women's Cooperative Council kicked off the 2016 "Drive Away Hunger" with AFR Food Drive earlier this year. The council is encouraging members to bring canned goods as well as financial contributions to their local and county meetings this fall.
"We saw such a great response and innovation from the 2015 food drive we felt we should continue the good work another year," Suzanne Gilbert, AFR Women's Cooperative Council chairperson, said.
The food drive idea came from the Women's Cooperative Outstanding Service Award recipient, Lincoln County 41. They simply asked members to bring canned good items to their county meeting last fall. During the meeting they passed the hat and asked for donations. The council felt this was a great event that is easily replicated throughout the state. Statewide, the council has set a goal of 50,000 meals donated by AFR members.
"In cooperation with the Regional Food Bank of Oklahoma and Community Food Bank of Eastern Oklahoma we encourage you to contact your local food bank to see what the needs are for your community," Gilbert said.Click here
for information on participating in the competition.
|Early Bird Registration for OSU Rural Economic Outlook Conference is Friday, October 14
Insights about trends and expectations regarding agriculture and rural economies will be the focus of the Rural Economic Outlook Conference taking place Oct. 21 on Oklahoma State University's Stillwater campus. The early registration deadline is this week - on Friday, October 14.
"We'll be examining key issues that may significantly affect decisions made by agricultural lenders, community and rural leaders, and people in similar positions during the coming year," said Damona Doye, OSU Cooperative Extension farm management specialist.
Keynote speakers will include Mike Boehlje, a distinguished professor with Purdue University's Center for Food and Agricultural Business. Boehlje will discuss the financial downturn in agriculture and opportunities. He has held faculty and administrative positions at OSU, Iowa State University and the University of Minnesota. Also featured as keynote speakers will be Terry Barr, a nationally recognized agricultural economist and senior director for CoBank's Knowledge Exchange Division, and OSU agriculture alumnus Brady Sidwell.
Cost is $50 if registering prior to Oct. 14 and $70 thereafter or at the door. Registration includes breakfast, lunch and refreshment breaks during the conference. Click here for a link to register.
|Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers & Ranchers, Livestock Exchange at the Oklahoma National Stockyards, Stillwater Milling Company, 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!
We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.
Click here to check out WWW.OklahomaFarmReport.Com
God Bless! You can reach us at the following:
Oklahoma Farm Bureau is Proud to be the Presenting Sponsor of the Ron Hays Daily Farm and Ranch News Email