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Check the Markets!
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
here for the report posted yesterday afternoon around 3:30 PM.
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
the Belt and Smarter Marketing May Help Offset the Burden of
Abundance Facing Farmers
American farmers may be too good at what they do, says
American Farm Bureau's chief economist.
Above average yields over the last few years have driven down
commodity prices, and combined with decreased growth in domestic
demand and exports, Young says farmers are now teetering on the brink
of a real crisis.
has a long, long history of basically producing the profit out of any
situation, and here we are again," he says.
"If commodity prices stay where they are and we do not become
very shrewd marketers, we could be facing a challenge in 2017."
Young says corn and cotton stocks entering the market from China are
adding to an already abundant world supply.
"I don't think anybody knows how many corn stocks or how many
cotton stocks the Chinese are sitting on at this stage of the
game," he says. "So the challenge now becomes as those
bleed out - and you want them to bleed out - that's just that much
additional supply that we've got to suck up for as long as it takes
to get that supply sucked up."
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.
Day One of the Wheat Tour
Shows Average Yield of 47.2 Bushels Per Acre- 37% Better Than Seen in
As anticipated, the Kansas Wheat Crop is looking a lot better than at
this time in 2015, even with disease, bugs and limited freeze damage
being observed by those involved in the 2016 edition of the Hard Winter Wheat Tour.
Twenty two vehicles with 78 participants headed west from Manhattan,
Kansas, today on the Hard Winter Wheat Tour 2016. Scouts stopped in
306 locations on the six routes between Manhattan and Colby.
The wheat tour is held every year to get an idea of the yields and
production of the crop. Crop scouts take measurements in fields
across their routes, using a formula developed by USDA/NASS to
estimate the yield for each field. These estimates are averaged in
each car, and then combined with all cars to get a yield estimate
each day. The
average calculated yield for day 1 was 47.2 bushels per acre,
compared with only 34.3 bushels per acre along the same route last
A small group of scouts from Colorado began the tour there and
headed east to Colby. They reported an average yield of 39 bushels
per acre in Colorado
and estimated production at 78
million bushels for the state.
reported that 95% of the state's crop is currently rated good to
excellent, with an average yield of 55 bushels per acre. They are
million bushels of production this year, up from only
46 million bushels last year.
with the Oklahoma Wheat Commission is participating in the tour on
the Yellow Route that will dip southward into Oklahoma and travel
along the northern tier of counties today. We have her insights
from Day One online in our summary of the first day of the Wheat
morning- the annual Oklahoma Wheat Crop Estimate will be computed-
as extension and private industry scouts report on all corners of the
state- much like Kansas- the Oklahoma crop appears to be a lot better
than at this point a year ago- with the biggest unknown how many
bushels we may have lost to hail this past weekend in several
Once the Oklahoma prediction is finished, it will be carried to the
Wichita report session of the Wheat Tour tonight, with Mike Schulte
of the Oklahoma Wheat Commission to carry the results.
By the way- a really good overview of the Tweets from the Wheat Tour
has been assembled by the Beeson company- you can take a look at the
Tweets all in one place by clicking here.
Purdue, CME Group to Take
Monthly 'Barometer' of Confidence in Agricultural Economy
Purdue University's Center for Commercial Agriculture
and the derivatives marketplace CME Group are partnering to produce
the Purdue/CME Group Ag Economy Barometer, a monthly nationwide
measure of the health of the U.S. agricultural economy.
The introduction of this new economic indicator underscores the
importance of the agricultural economy and its participants - food
producers and agribusinesses - to the overall U.S. and global
economies, Purdue and CME Group said Tuesday in announcing the
"Agriculture is a critical component of the global economy and
has been the cornerstone of CME Group's business for nearly 170
years," said CME Group Executive Chairman and President Terry Duffy.
"By providing financial tools to help producers and agribusiness
participants manage the risks they face, they are better able to
focus on what they do best - feeding the world. We believe this
collaboration with Purdue University to create the Purdue/CME Group
Ag Economy Barometer will provide an essential resource for
monitoring the health of the food industry and vital insight into the
"Purdue's College of Agriculture has a long tradition of pushing
us toward better food security, safety and sustainability with their
cutting-edge research," said Purdue President Mitch Daniels.
"We can imagine no better partner than CME Group to help us
analyze and report the real-time economic health of U.S. agriculture,
on which literally every citizen and the rest of the economy
Beef Industry Continues
to Fret Over Fundamentals Being Ignored by Cattle Futures
The volatility - and viability - of the live and
feeder cattle futures markets continue to concern producers, and Colin Woodall,
vice president of governmental affairs with National Cattlemen's Beef
Association, says his organization is actively involved in finding a
solution. Early this year, NCBA sent a letter to the CME Group and
has since instituted a working group with the company to address
volatility in the cattle markets.
"This issue of market volatility, especially given where we have
seen the markets go over the last eight to nine months, is extremely
concerning," he says.
Woodall says that despite outcries over erratic price movements
without market news, the CME Group has not engaged to a satisfactory
level for the cattle industry.
"We have not had enough response by CME to put some things in
place that we feel would be able to help us," he says.
"Ultimately, they are going to have to take some pretty drastic
action to ensure that we don't just completely lose the futures
contracts as an effective risk management tool."
OSU Extension Livestock Marketing Specialist Dr. Derrell Peel
recently weighed in on the volatility issue and analyzed the non
fundamental nature of today's feeder cattle futures. Click
here to read Peel's comments or listen to the latest edition of
the Beef Buzz.
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And- their iPhone App, which provides all electronic futures quotes
is available at the App Store- click
here for the KIS Futures App for your iPhone.
Oklahoma Students Among
2016 Pork Checkoff Scholarship Recipients
Pork Checkoff has awarded 22 scholarships to college students around
the United States as part of its strategy to develop the pork
industry's future leaders. Successful applicants were selected from a
pool of 35 applicants based on scholastic merit, leadership
activities, involvement in the pork production industry and future
plans for a career in pork production.
2016 scholarship winners will positively impact the swine industry in
the future," said the National Pork Board President Derek Sleezer,
a pork producer from Cherokee, Iowa. "We have an ongoing
obligation to producers to help develop the next generation of pork
producers. The goal is to ensure a sustainable source of leaders who
will be ready to produce safe, wholesome food in a socially
The 22 student recipients hail from 10 states and 15
universities and represent five different majors in swine-related
fields. Oklahoma students receiving 2016 Pork Industry Scholarships
Plett, of Duncan, attends Cameron University,
Vander Molen, of Pella, Iowa, who attends Oklahoma
here for a full list of the 2016 Pork Industry
to Have the Latest Energy News Delivered to Your Inbox Daily?
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.
Claremore Man Arrested for
Claremore, Okla. man was arrested Saturday in Rogers County on a
felony warrant for two counts of larceny of livestock after stealing
six calves from a rancher in Rogers County.
TSCRA Special Ranger Bart
Perrier led the investigation. TSCRA Special Ranger John Cummings,
Oklahoma Department of Agriculture Agent Ricky Rushing
and authorities with the Rogers County Sheriff's Office worked with
Perrier throughout the investigation.
According to Perrier, the investigation began in the fall of 2015
when the suspect, Robert
Luis Rulo, Jr., 43, Claremore, Okla., stole six
calves from a neighboring rancher near the Tiawah Hills area in
Rogers County. Rulo sold them at local livestock auctions in Tulsa
and Collinsville, Okla.
Perrier arrested Rulo and took him to the Rogers County Jail where he
was held on a $10,000 bond.
more about TSCRA's recent cattle theft arrest.
This N That- Joe Neal The
Oklahoma Wheat Exec, Finished Cattle Prices Tumble and Wheat Field
Days Roll On
The Oklahoma Grain and Feed Assn. based in Enid, Okla., assumed the
management of the Oklahoma Wheat Growers Assn. on May 1, 2016. By
virtue of the agreement, Joe
Neal Hampton has become their Executive Director.
"The staff of the Oklahoma Grain and Feed Assn. look forward to
the opportunity to serve the needs of our state's wheat growers"
said Executive Director Hampton. "We will begin an aggressive
membership campaign as well as determining and implementing the needs
of the organization."
After a lot of years of having a struggling Wheat Growers Association
in the state- sounds like a hopeful new beginning for the
organization that wants to represent the major grain crop grown in
the state of Oklahoma.
Read more from the announcement by clicking
latest report on the Feedlot Cattle markets shows a lower trade again
this past week.
"The finished cattle trade live prices were $2-3 lower and
dressed prices $2-4 lower.
"The weekly weighted average cash steer price for the five area
which includes TX, NE, CO, KS and IA feeding areas was $2.66 lower at
$123.79 and compared to $126.45 the previous week."
You can read the his full report- and listen to his commentary by clicking
The pace of the OSU
Wheat Field Days is picking up- with four more Field
Tour stops the balance of this week- and nine scheduled for next
week- including the annual OSU North Central Research Station Field
Day in Lahoma on Friday, May 13th.
You can see details of each stop by going to our calendar page for
May by clicking here.
For directions to the plots closest to you and exact start times,
etc- we have the phone number of the Extension office in that county
for you to call.
thanks to Midwest Farms Shows, P & K Equipment,
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, the Oklahoma Cattlemens
Association, Pioneer Cellular,
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