Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Friday, November 20, 2020
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Here is your daily Oklahoma farm and ranch news update.
- AFBF's John Newton Says We Have Many Things to be Thankful For Including Affordable Food and More Farm Profitability in 2021
- Latest U.S. Drought Monitor Update Shows Drought Expansion Continuing And The Long Term Outlook Calls For More of The Same
- October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel
- Growth Energy Outlines 2021 Biofuel Policy Priorities
- OSU's Kim Anderson Says Higher Prices are an Anomaly for this Time of Year
- Farm Bureau Survey: Thanksgiving Dinner Cost Down 4%
- NCBA & PLC Secure NEPA Improvements For Livestock Producers
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AFBF's John Newton Says We Have Many Things to be Thankful For Including Affordable Food and More Farm Profitability in 2021 |
There are many things for farmers, ranchers and consumers to be thankful for going into the Thanksgiving holiday and at the top of the list for consumers is more affordable food. American Farm Bureau’s annual Thanksgiving Day dinner survey shows traditional holiday items will be a bargain, said Farm Bureau Economist John Newton. (read more about the AFBF survey in a story further down in the email.)
Newton was interviewed by yours truly yesterday during the NAFB virtual session in Kansas City.
Newton told me that he believes the government’s CFAP payments have been a big help for farmers and ranchers.
If Congress had not come up with the assistance, agriculture would be in a much different position today, Newton said. The outlook for 2020 has improved and for 2021 it is better going into planting season next spring, he said.
Looking ahead to expected market prices for grain and livestock commodities, the AFBF economist is optimistic for the coming year.
On the crop side, supplies got tight in a hurry with acreage cuts and strong demand this year, Newton said.
Ending stocks for corn and soybeans are low so moving into 2021 we see competitive race for acres for corn, soybeans and wheat, he said.
On the livestock side the market has done a 180-degree flip on pork as prices have gone through the roof compared to spring due mainly to strong demand from China, he said.
Things will get better on the other side of this Covid, thing that’s for sure, Newton said.
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The Oklahoma Cotton Council is proud to serve the cotton producers and those who are a part of the cotton industry in Oklahoma- promoting and protecting their interests. In Recent Years- cotton acreage has grown in Oklahoma- and today we are the third largest Cotton State in the US- based on Acres Planted.
The Oklahoma Cotton Council works for the cotton farmer in the areas of research, advocacy and education. Follow the Oklahoma Cotton Council on Facebook or check out out the Oklahoma Cotton Council website- okiecotton.org
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Latest U.S. Drought Monitor Update Shows Drought Expansion Continuing And The Long Term Oulook Calls For More of The Same |
Dryness and drought expanded and intensified significantly across Texas and adjacent areas in Oklahoma and Arkansas, according to the latest U.S. drought monitor update.
Since mid-September, precipitation totals were 4 to 8 inches below normal across central and northeastern Texas, southern Oklahoma and adjacent Arkansas.
Areas of abnormally dry (D0) and moderate drought (D1) expanded across central and eastern Texas. Drought is more entrenched in west Texas near New Mexico where many areas have declined into extreme drought (D3) and exceptional drought (D4) this week.
In the last six months much of west Texas outside of the Panhandle received only 15 to 35 percent of normal precipitation.
Enough precipitation fell across western Wyoming this past week to slightly reduce drought severity but broad areas of D3 and D4 remained across Wyoming and Colorado.
Moderate to severe drought stretched across Nebraska and Kansas.
Topsoil and subsoil moisture readings also declined this week, adding to concerns for the winter wheat crop.
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October Ice Storm Dramatically Impacted Cattle Markets Says OSU's Derrell Peel |
Just as it appeared the cattle markets were operating in a more seasonal fall pattern, Mother Nature threw a wicked curve ball in the form of that late October ice storm in the southern High Plains. Dr. Derrell Peel, OSU Extension livestock market economist said the storm was a game changer.
Cattle markets were drifting lower in October and then the ice storm changed everything, Peel said.
The storm closed auction markets but brought timely moisture for the wheat crop.
Since then we’ve seen a sharp rebound in the markets the past couple of weeks, he said.
It’s great for cow/calf producers selling calves, Peel said, as he expects auction volumes to continue being strong through November into December.
The Oklahoma National Stockyards is a good example as they had large volumes with higher prices this week especially for lighter weight calves.
Stocker calves are being bought by producers anxious to take advantage of the wheat pasture and Peel said producers have had to continually change their budgets which have been all over the place.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a new daily report starting to be heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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Growth Energy Outlines 2021 Biofuel Policy Priorities |
Growth Energy CEO Emily Skor today outlined the biofuels industry’s top federal priorities for 2021, highlighting key measures that elected leaders must take to protect the climate, revitalize rural communities, and offer more consumers clean, affordable options to fuel their cars.
“Biofuels, including plant-based ethanol, are critical tools for decarbonizing America’s existing transportation fleet and supporting our nation’s farmers and rural communities. Solvable challenges in this area await leaders in Congress and the next administration,” said Skor.
"As a climate solution," Skor added, "biofuels will be key to meeting the nation’s goals for the transportation sector, America’s largest source of greenhouse gas (GHG) emissions."
“To maximize the value of America’s low-carbon biofuels, it’s vital that officials address outstanding issues that are hindering our industry’s ability to access markets, promote innovation, and create rural jobs,” she said.
Specifically, Skor highlighted the association’s key priorities and opportunities where elected leaders can help reverse setbacks experienced during the COVID-19 pandemic, promote better fuel choices, and protect the environment. These include:
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
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National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation’s premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today’s producer. To learn more, click here for the website or call the Oklahoma City office at 1-800-310-0220.
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OSU's Kim Anderson Says Higher Prices are an Anomaly for this Time of Year |
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
Over the past few weeks commodity prices have been doing ok. Dr. Anderson says he believes every year is kindof an anomoly, "We're in a world market right now, so I its not what's going on locally it's what's going on around the world.You look at wheat trading in a 40 cent range about $5.60 cents on that futures contract plus or minus 20 cents. Technically it is developing what I call a flag in other words, the lows are a little higher and the highs are a little lower. It's either gonna break out the upside, or the downside we will have to wait and see.
Corn has support at $3.95 it's got resistance at $4.35. Right now the odds are, it's going to continue to go up slowly. Soybeans are on a tear coming into the soybean harvest and during the soybean harvest and normally is there's a short harvest we could higher prices, we get a relatively large harvest and prices are still going up, and they're expected to continue to do so. So is it anomaly? Probably you could say it was one yes."
To hear more from Dr. Anderson, click or tap below
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Farm Bureau Survey: Thanksgiving Dinner Cost Down 4% |
Thanksgiving celebrations will look different for many Americans this year due to the COVID-19 pandemic. Gatherings are likely to be fewer and farther between, with social distancing and perhaps even remote family get-togethers. One tradition that continues this year is the American Farm Bureau Federation’s annual cost survey of classic items found on the Thanksgiving Day dinner table.
Farm Bureau’s 35th annual survey indicates the average cost of this year’s Thanksgiving feast for 10 remains affordable at $46.90 or less than $5.00 per person. This is a $2.01 decrease from last year’s average of $48.91.
“The average cost of this year’s Thanksgiving dinner is the lowest since 2010,” said AFBF Chief Economist Dr. John Newton. “Pricing whole turkeys as ‘loss leaders’ to entice shoppers and move product is a strategy we’re seeing retailers use that’s increasingly common the closer we get to the holiday,” he explained.
The centerpiece on most Thanksgiving tables – the turkey – costs less than last year, at $19.39 for a 16-pound bird. That’s roughly $1.21 per pound, down 7% from last year. The survey results show that retail turkey prices are the lowest since 2010.
You can also hear my interview with AFBF's John Newton on several other things to be thankful for this holiday season by clicking HERE.
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NCBA & PLC Secure NEPA Improvements For Livestock Producers |
National Cattlemen’s Beef Association (NCBA) Executive Director of Natural Resources and the Public Lands Council (PLC) Executive Director Kaitlynn Glover released the following statement on the U.S. Forest Service’s (USFS) final rule to update the agency’s National Environmental Policy Act (NEPA) regulations:
"Today’s announcement represents decades of work by livestock producers who have told the Forest Service and other federal agencies for years that NEPA regulations need serious improvement. This rule formalizes changes that will allow USFS to be better partners to ranchers and stakeholders who depend on healthy forests and grasslands. These are common-sense changes that add clarity by streamlining NEPA processes and ensuring that agencies are not spending time on unnecessary duplicative NEPA reviews. Thank you to the U.S. Department of Agriculture and USFS for following through with this process."
The final rule contains a series of new categorical exclusions (CEs) and a Determination of NEPA Adequacy. CEs are a NEPA process that are completed when a determination is made that the proposed action will not have a significant impact. The proposed rule released by the USFS in June 2019 was broader than the contents of the final rule. NCBA and PLC will continue to work with USFS officials and NEPA experts across the administration to finalize other components of the 2019 proposed rule, as directed by the updated NEPA regulations finalized by the White House Council on Environmental Quality in July 2020
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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.
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Today's First Look:
Ron on RON Markets as heard on K101
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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Wholesale Boxed Beef Prices continue higher- Choice Beef up $1.94 while Select Beef was also higher by 27 cents.
Click on the Button below for the latest report from USDA Market News
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Weekly Cattle Auction Reports
The buttons below allow you to check out the weekly Cattle Auctions in the region that we post on our website and here in our daily email update-
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Sam Knipp, Farm News Editor
Pam Arterburn, Calendar and Template Manager
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and are a main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism and politics all affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
For this special edition of the Road to Rural Prosperity, KC Sheperd zoomed with Country Music singer songwriter Jamey Johnson to talk about his growing up on a family farm in Montgomery Alabama. From an early age he was influenced by country acts such as Willie Nelson, Alan Jackson, and Alabama. Johnson has always had strong ties to agriculture as he grew up watching his dad try to make a living on the family farm. His family eventually lost that farm, so Johnson has always understood the struggles facing American farmers.
Today's Podcast is powered by the Oklahoma Public School Resource Center.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this Podcast you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR/OFU, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, 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!
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.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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