Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Tuesday, February 23, 2021
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Here is your daily Oklahoma farm and ranch news update.
- Latest Cattle on Feed Report Shows There Are Plenty of Cattle in The System, Says OSU's Dr. Peel
- NCBA’s Winter Reboot Features Unique Educational Sessions Starting Today
- USDA Ready to Assist Farmers, Ranchers and Communities Affected by Winter Storms
- Application of Advanced Genetic Technology in Beef Cattle Webinar
- Science Shows Soy Good for Health in USA & Abroad!
- Food and Agriculture Climate Alliance Expands Membership, Drills Down on Policy Recommendations
- Southern Plains Blog--Planning for Extreme Weather
- Biden EPA Sides With Ethanol Interests in SRE Battle Headed for the Supreme Court
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Latest Cattle on Feed Report Shows There Are Plenty of Cattle in The System, Says OSU's Dr. Peel |
The latest USDA Cattle on Feed indicated we are fairly current and beef demand remains strong, said Dr. Derrell Peel, OSU Extension livestock market economist.
The February report showed placements in January were 103.2 percent of last year, marketings were 94.4 percent, resulting in a total on-feed total as of Feb. 1 of 101.5 percent of a year ago, Peel said.
If you look at the pre-report estimates, the placements are a little bit bigger than the average, he said.
The resulting on feed total is a little bigger than expected.
Keep in mind January 2021 had two less slaughter days than a year ago and that doesn’t happen very often, Peel said.
The feedlot situation in early 2021 is a carryover from the disruptions and unusual dynamics last year. For the entire year in 2020, feedlot placements were down 4.0 percent. In the last half of the year feedlot placements were almost unchanged year over year, up 0.3 percent. However, this average belies dramatic dynamics as feedlot placements in the third quarter were up 8.5 percent year over year while placements in the fourth quarter were down 7.0 percent from the prior year. Total estimated feeder supplies outside of feedlots on January 1 were 25.66 million head, down just 0.2 percent year over year. The 1.3 percent year over year decrease in the 2020 calf crop, even when adjusted by decreased veal slaughter and increased feeder cattle imports, would have suggested a bigger decrease in the feeder supply on January 1. It appears that some feeder cattle were carried over into 2021 and likely is reflected in the relatively large January placements. Feeder supplies are somewhat front-loaded early in 2021 but should tighten up in the second half of the year.
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Oklahoma AgCredit is a cooperative, owned by the members we serve. This ensures our customers’ needs come first. Our profit can only be used in two ways – retained to build our financial strength or passed on to members through our Patronage Program. Patronage is like an interest rebate and it basically reduces our members cost of borrowing. We have returned more than $53 million to our members since 1997.
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NCBA’s Winter Reboot Features Unique Educational Sessions |
The 2021 Cattle Industry Convention Winter Reboot is a two-day virtual event kicks off this morning and runs through 24, featuring 15 unique educational sessions. The title sponsor of the event is Corteva Agriscience.
The Winter Reboot will kick off each day with general sessions followed by a series of educational sessions. Day one includes a two-part General Session, sponsored by Central Life Sciences, featuring National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall and NCBA Vice President of Government Affairs Ethan Lane to discuss the state of the cattle industry and expectations in Washington, D.C., over the next four years.
Part two will include a D.C. issues update with NCBA’s Washington D.C., staff to share their work and the conversations they are having on both sides of the aisle to fight for the interests of U.S. cattle producers. The General Session on day two will feature a market update presented by CattleFax and sponsored by Zoetis and Purina Animal Nutrition.
The CattleFax Session will resemble the Cattle Industry Convention session that leads off with weather from Art Douglas and then is followed by presentations from the CattleFax team on grain and oilseed outlook, beef demand and price predictions for all the classes of cattle for the coming year.
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USDA Ready to Assist Farmers, Ranchers and Communities Affected by Winter Storms |
The U.S. Department of Agriculture (USDA) is reminding rural communities, farmers and ranchers, families and small businesses affected by the recent winter storms that they have programs that provide assistance. USDA staff in the regional, state and county offices are prepared with a variety of program flexibilities and other assistance to residents, agricultural producers and impacted communities.
USDA offers several risk management and disaster assistance options to help producers recover after they are impacted by severe weather, including those impacted by winter storms and extreme cold.
This includes the Livestock Indemnity Program and the Emergency Assistance for Livestock, Honeybee and Farm-raised Fish Program that reimburses producers for a portion of the value of livestock, poultry and other animals that were killed or severely injured by a natural disaster or loss of feed.
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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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Application of Advanced Genetic Technology in Beef Cattle Webinar |
The King Ranch Institute is holding a webinar on the application of advanced genetic technology in Beef cattle. The Webinar will be on February 25 and 26th.
Genetic technology in the beef industry changes so rapidly, it becomes a fulltime task for producers to keep up. In this workshop, participants will revisit basic genetic principles and be introduced to the new technology. Beef cattle genetics experts will teach the use of new tools and how to apply advanced genetic technologies in the real world of seedstock and commercial cattle production..
Learning Objectives
Develop breeding objectives by identifying environmental constraints, marketing alternatives, and the economic relevancy of traits
Decipher performance measures, adjusted data, ratios, and Expected Progeny Differences (EPDs)
Understand selection accuracy, confidence intervals, and strategies for multiple trait selection
Application of advanced genetic tools including genomically enhanced EPDs and marker-assisted management in genetic advancement
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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
The vision of the Oklahoma Beef Council is to be a positive difference for Oklahoma's farming and ranching families and the greater beef community and its mission is to enhance beef demand by strengthening consumer trust and exceeding consumer expectations. To learn more, visit www.oklabeef.org. Also, don't forget to like its Facebook page at www.facebook.com/oklabeef for stories on Oklahoma's ranching families and great beef recipes.
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Science Shows Soy Good for Health in USA & Abroad! |
The U.S. government’s 'Dietary Guidelines for Americans, 2020-2025’ reaffirms the role of U.S. soy in human diets. As a globally-respected, science-based reference, the report recognizes soy in core elements of healthy dietary patterns.
ASA’s World Initiative for Soy in Human Health WISHH) Program offers training on these health benefits with entrepreneurs and organizations in emerging and developing countries that produce nutritious foods and feeds containing soy that contribute to improved health and economic opportunities. WISHH connects trade and development across global market systems, improving food security.
The U.S. Departments of Agriculture and Health and Human Services issued the 164-page report It stresses, “The foods and beverages that people consume have a profound impact on their health.” The Dietary Guidelines is designed for policymakers and nutrition and health professionals to help all individuals and their families consume a healthy, nutritionally adequate diet. This edition of the Dietary Guidelines highlights the importance of encouraging healthy dietary patterns at every life stage from infancy through older adulthood.
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Food and Agriculture Climate Alliance Expands Membership, Drills Down on Policy Recommendations |
The Food and Agriculture Climate Alliance (FACA) today announced expanding membership and new policy working groups focused on developing a set of more specific policy proposals that drill down on the 40+ recommendations released by FACA in November 2020.
FACA's eight founding members - American Farm Bureau Federation (co-chair), Environmental Defense Fund (co-chair), FMI - The Food Industry Association, National Alliance of Forest Owners, National Association of State Departments of Agriculture, National Council of Farmer Cooperatives (co-chair), National Farmers Union (co-chair) and The Nature Conservancy - welcomed 14 new groups to the Steering Committee.
New Steering Committee members are: the American Seed Trade Association, American Sugar Alliance, Association of Equipment Manufacturers, Association of Public and Land-grant Universities, Biotechnology Innovation Organization, Crop Insurance and Reinsurance Bureau, Ducks Unlimited, Farm Credit Council, National Cattlemen’s Beef Association, National Corn Growers Association, National Cotton Council, National Milk Producers Federation, Produce Marketing Association, and USA Rice Federation. The general membership is also growing. A full list of FACA’s 42 members can be found at www.AgClimateAlliance.com
Congress and the Biden administration have expressed high levels of interest in the previously released FACA recommendations and requested additional guidance on how to achieve the goals laid out in the November report. In response, the alliance’s policy working groups are producing more detailed and specific proposals focusing on the carbon bank concept, tax credits and other incentives, as well as climate research. The policy working groups continue to uphold FACA’s three principle
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Southern Plains Blog--Planning for Extreme Weather |
There's a new Southern Plains Blog Post from Clay Pope Up and Ready.
In this post we talk about the recent cold snap in Oklahoma and Texas and how we need to be more prepared for crazy weather.
In his blog, Pope writes after the historic February we have lived through. "As we come out on the other side of this historic event, I think it’s only appropriate to ask ourselves what kind of adaptation strategies did we use on our farming and ranching operations and what lessons did we learn.
"People have often asked me what I mean when I write or talk about climate adaptation strategies for farming and ranching operations. The impression they often have is that I am talking about some grand strategy that employs modern technology and takes tons of money and time."
Pope then goes on to describe what they did on their family farm in Loyal ahead of the cold and snow- and says "Extreme weather adaption planning is not rocket science. It doesn’t have to be some crazy complicated thing. Most of the time its common sense and just thinking ahead on things."
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Biden EPA Sides With Ethanol Interests in SRE Battle Headed for
the Supreme Court
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The Biden Administration handed a major victory to the corn ethanol industry on Monday. The EPA says it agrees with last year’s ruling by the Tenth U.S. Circuit Court of Appeals that rejected the Trump EPA’s retroactive waivers to oil refiners from the Renewable Fuel Standard. The Biden EPA says the Tenth Circuit ruling “better reflects” the law and Congress’s intent in establishing the RFS.
Ethanol groups that filed suit against the Trump EPA hailed the EPA’s reversal under the new administration, which did not file a brief with the Supreme Court by Monday’s deadline, backing the earlier EPA’s position. Small refiners appealed the Tenth Circuit ruling, and the Supreme Court agreed to hear the case, though it’s unclear what impact the latest development might have on the case going forward.
The four petitioners in the case—the Renewable Fuels Association, National Corn Growers Association, American Coalition for Ethanol and National Farmers Union—released the following statement:
“Our nation’s biofuel producers and farmers appreciate EPA’s careful review of the Tenth Circuit Court’s decision, and we are pleased the agency’s new leadership is reversing the previous administration’s flawed position on small refinery exemptions. This announcement marks a major step forward by the Biden administration to restore the integrity of the Renewable Fuel Standard and honor the intent of Congress. We wholeheartedly agree with EPA’s conclusion that the small refinery exemption was intended to be a temporary measure and we are pleased to see the agency confirming that only previously existing exemptions may be extended.”
The lower court had agreed that only previously existing exemptions could be extended. The RFA estimates that more than four billion gallons of ethanol demand were lost to dozens of Trump EPA RFS waivers.
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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 to go higher- Choice Beef was up 75 cents and Select Beef was up $2.08 on Monday February 22nd.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 2,723 head on Monday- their first sale after being closed last week due to the historic snow and cold.
Compared to the last sale two weeks ago: Feeder steers and heifers lightly tested and few sales steady to 2.00 higher. Demand moderate to good for feeder cattle following a week of no sales due to weather. Steer and heifer calves steady in a light test. Demand good for calves. Grain futures continue to push higher resulting in higher cost of gains at the feedyards, however this has yet to effect the demand for feeder cattle. Little to no movement of feeder cattle has helped some.
Click below for the complete closing report.
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The Joplin Regional Stockyards had 6,150 cattle on Monday after no sale last week due to heavy snow and sub-zero temperatures.
Compared to the sale 2 weeks ago, steers under 600 lbs. traded 9.00-15.00 higher, with steers over 600 lbs. trading 3.00-4.00 higher. Demand was very good for large lots of quality cattle. A lot of 96 head of 512 lb. steers traded at 192.00. Heifers under 600 lbs. traded 5.00-12.00 higher, with weights over 600 lbs. trading up to 3.00 higher. . Supply was moderate with demand good to very good. Bidding was active with a good crowd on hand.
Click on the button below for details of the trade as compiled by the USDA Market News Service.
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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 is the 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 affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
The Noble Research Institute, based in Ardmore, Oklahoma, has announced their intention to focus on Regenerative Agriculture- and Steve Rhines, CEO and President, tells host Ron Hays that the intention of NRI is to work on a primary goal to regenerate millions of acres of degraded grazing lands across the United States.
"Land stewardship is a core value held by many farmers and ranchers. Regenerative agriculture is the next step in the land stewardship journey wherein farmers and ranchers reduce their reliance on conventional practices and concentrate on restoring or regenerating the soil. The soil is the cornerstone of a healthy ecosystem and a productive farm or ranch."
Hays and Rhines explore the journey that Noble has taken to get to this point of it's existence- and discuss what their work with farmers, ranchers and landowners will look like in the years ahead.
Today's Road to Rural Prosperity is powered by BancFirst, Loyal to Oklahoma and Loyal to You.
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.
We also welcome Express Ranches as our Presenting Sponsor- check out their March 5th Spring Bull Sale- including links to the Sale Book, Sale Video and Sale Data by clicking here for their website.
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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