Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Thursday, July 1, 2021
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Here is your daily Oklahoma farm and ranch news update.
- Bullish June 30th Acreage Report from USDA Pushes Corn, Wheat and Soybeans Prices Sharply Higher
- China Changes Buying Tactics as U.S. Grain Run Enters Volatile Stage
- Superior Livestock is heading to Loveland, Colorado for the Week In The Rockies auction Monday, July 5th-Thursday, July 8th
- Know How Horses Respond To Hot Summertime Temperatures
- NCBA's Danielle Beck Says Eliminating Stepped Up Basis Would Severely Hurt Family Farms
- Sustainability General Session Added to 2021 Cattle Industry Convention Agenda
- Cargill CEO Highlights Farmers Role in Pandemic and Promoting Sustainability
- EPA Announces Renewed Consultation and Coordination with Oklahoma Tribal Nations
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Bullish June 30th Acreage Report from USDA Pushes Corn, Wheat and Soybeans Prices Sharply Higher |
Grains and oilseeds raced higher shortly after 11 AM central time as the USDA released bullish plantings estimates for the 2021 crops. By settlement time on Wednesday- December corn futures were locked limit up at 40 cents higher, soybeans were up 90 cents a bushel, soft and hard wheat futures were 31 to 33 cents a bushel up while cotton futures dropped 268 points, basis December. Feeder cattle futures were also lower- in response to the prospect for higher feed grain prices- off more than $2 a hunred.
University of Illinois Economist Dr. Scott Irwin says the price jumps came as "the market was leaning very heavy on corn and soybean planted acreage." Acreage numbers were less than expected- thus the rise in prices.
For Oklahoma- acreage numbers show the following mix of spring planted crops here in 2021:
Corn- 330,000 acres planted in 2021 (down 30,000 from 2020 plantings)
Sorghum 340,000 acres planted in 2021 (up 35,000 from 2020)
Soybeans 570,000 acres planted in 2021 (up 10,000 acres from 2020)
Peanuts 16,000 acres planted in 2021 (up 1,000 acres from 2020)
Cotton 490,000 acres planted in 2021 (down 35,000 acres from 2020)
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Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2021 Oklahoma City Farm Show.
The Tulsa Farm Show is Oklahoma’s premier agricultural and ranching event which returns to the River Spirit Expo (Expo Square) December, 9-10-11, 2021.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2021 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
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China Changes Buying Tactics as U.S. Grain Run Enters Volatile Stage |
China shook up the U.S. feed grain export market over the last year, purchasing massive quantities of U.S. soybeans, sorghum and corn. With the help of a favorable exchange rate, China increased its purchase from the U.S. to meet feed demand for its rising hog production and to offset reduced supply from Brazil. China’s accelerated demand for grains is expected to continue, although its purchasing patterns are shifting in response to U.S. grain market dynamics.
According to a new report from CoBank’s Knowledge Exchange, the outlook for continued U.S. grain exports to China remains strong, primarily due to its projected growth in pork production and steady demand for feed grains. However, the current U.S. grain run has entered a new phase marked by significant price volatility, and China is leveraging that volatility to its advantage.
“China will remain an active buyer of U.S. grain through at least the 2021-22 marketing year,” said Kenneth Scott Zuckerberg, lead grain and farm supply economist with CoBank. “But the increased volatility in grain prices has led China to shift its buying pattern to wait for price weakness before committing to additional purchases, as well as to contract now for the next marketing year.”
Per capita consumption of animal protein in China has nearly tripled in the past 40 years, with pork accounting for most of the growth. China imports the majority of grain used in pork production.
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Superior Livestock is heading to Loveland, Colorado for the Week In The Rockies auction Monday, July 5th-Thursday, July 8th |
Superior Livestock is gearing up to head to Loveland, Colorado Monday, July 5th through Thursday, July 8th. This historic offering will feature over 189,580 head of quality calves, feeders and bred stock. In response to buyer feedback and to help maintain the flow of the auction this offering will now be sold over four-days starting at 6:30 am MT daily for Superior Sunrise followed by the auction at 7:00 am MT(8 am central). The Week In The Rockies auction will be broadcast on both www.superiorclicktobid.com and SLA-TV Dish Channel 997. The online video catalog is live on www.superiorlivestock.com for those wishing to view this offering. If you are interested in obtaining a buyers number, please call the Hudson Oaks office at 800-422-2117.
Following the auction in Loveland Superior Livestock will make the trip out west to Winnemucca, Nevada for the Video Royale offering August 2nd-6th. This will again be a five-day offering in Winnemucca and the auction has been moved to the Winnemucca Events Center.
Superior Livestock is looking forward to being able to highlight and celebrate our hard-working producers, in person in 2021 at one of our many summer offerings.
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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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Know How Horses Respond To Hot Summertime Temperatures |
Equine owners would find life easier this summer if their horses could communicate as well as Mr. Ed from the popular 1960s television sitcom. The talking equine always had something to say; real horses require closer attention to understand their signals.
During the hot summer, for example, it is the responsibility of the equine manager to ensure horses are drinking enough water to maintain good health and performance, and to know when to back off an animal’s level of activity, said Kris Hiney, Oklahoma State University Extension equine specialist.
“Add the values of the temperature and humidity to get the heat index when determining whether to reduce animal activity,” she said. “Depending on the environmental temperature and the animal’s workload, it is possible for a horse to become dehydrated in as little as two to three hours.”
Complicating matters, horses may not drink enough even when provided water, Hiney said.
To enhance evaporate cooling, apply cool – not cold – water to areas that have large blood vessels near the surface such as the inside of the legs and the neck, said Dr. Rosslyn Biggs, OSU Extension veterinarian and director of continuing education for the university’s College of Veterinary Medicine.
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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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In poor economic times, in times when national insurance companies either stopped writing or completely left the state, Union Mutual has been there for Oklahomans. Today, Union Mutual writes insurance in all 77 counties of Oklahoma through almost 300 agency locations. These agents provide prompt and reliable quotes for most lines of insurance. Just recently, UMIC launched a new product in the preferred market space that has seen unprecedented growth with our rural customer base and falls in line with our Company mantra of “Protection not Politics”, when meeting the needs of our consumers and agents.
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NCBA's Danielle Beck Says Eliminating Stepped Up Basis Would Severely Hurt Family Farms |
The Biden Administration’s ambitious spending and taxing plans are creating concern among cattle producers, said Danielle Beck, senior director of government affairs for the National Cattlemen’s Beef Association.
At the top of the cattlemen’s’ list of worries is a change in stepped up basis.
Stepped up basis is absolutely the number one tax priority we’re focused on here in Washington, D.C., Beck said.
The President’s plan would repeal a step up in basis for any assets over $1 million.
Under his proposal any gain in excess of $1 million would be hit with a capital gains tax, Beck said.
There is also talk of raising the top capital gains rate, she added.
With land being the largest asset in agriculture and with many multi-generation operations, the $1 million threshold would be easily reached.
Beck said there has been discussion of protection for family farms as long as they stay in the family, but that is a very complicated proposal to achieve as the tax code does not recognize family as nephews and cousins.
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Sustainability General Session Added to 2021 Cattle Industry Convention Agenda |
Cattle producers from across the country will descend upon Nashville, Tenn., Aug. 10-12, for the 2021 Cattle Industry Convention & NCBA Trade Show. The annual event is well-known for its educational content, motivational speakers and hot topics. New for this year is an additional general session on the final day of convention entitled “Sustainability: Opportunity, or a Bunch of Bull.”
“Our connection and dependence on natural resources is the reason we must lead and tackle sustainability head-on,” says National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall. “We added this session specifically to provide information about consumer trends, offer the latest science and to discuss whether sustainability could be the cattle industry’s greatest opportunity.”
Cattlemen and women have been conserving natural resources, contributing to the economy and engaging with communities for generations, so sustainability is not a new concept. Sponsored by Roto-Mix, LLC, sustainability session speakers will discuss how the cattle industry offers solutions to the climate change conversation.
The session will include presenters Marty Smith, immediate past president of NCBA; Dr. Jason Sawyer, associate professor and research scientist with the King Ranch® Institute for Ranch Management; Shawn Darcy, NCBA’s senior director of market research; as well as a panel discussion with retail and foodservice leaders.
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Cargill CEO Highlights Farmers Role in Pandemic and Promoting Sustainability |
Farmers and ranchers are heroes of the food system, playing a critical role in addressing the COVID-19 pandemic and embracing practices and technologies to produce food more sustainably, David MacLennan, chairman and chief executive officer, Cargill, told members of the National Grain and Feed Association on June 4 at that association’s 125th annual convention, which was held in person in Colorado Springs as well as virtually.
“When the world shut down, farmers, ranchers and workers across the food system stepped up to meet the challenge to produce the food and feed that billions of people and animals around the world depend on,” he said.
Mr. MacLennan acknowledged that while disruptions of COVID-19 are still very much at play, the pandemic is not the only urgent challenge the food and agricultural industry faces.
“The greatest challenge we face is feeding a rapidly growing population, sustainably and responsibly – reducing our emissions, protecting our water resources, and improving the health of the soil our crops and harvests depend on,” he said. “Agriculture is part of the solution the world needs right now. Agriculture is how we’ll solve climate change and sustainably feed a growing population.”
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EPA Announces Renewed Consultation and Coordination with Oklahoma Tribal Nations |
Today, U.S. Environmental Protection Agency (EPA) Administrator Michael Regan sent letters to the leaders of the 38 Oklahoma Tribal nations, informing them of an upcoming consultation and coordination process with EPA.
“We take seriously the concerns of our sovereign Tribal partners with EPA’s previous decision and the consultation process used in reaching that decision,” said EPA Administrator Michael S. Regan. “I have had the honor of speaking with many Oklahoma Tribal leaders already, as part of my broader commitment to robust consultation on policy deliberations that affect Tribal nations. Today, we are initiating consultation to better understand their concerns and the potential implications of EPA’s previous decision.”
The consultation period will take place between July 15 and October 13 and allow for meaningful input from Tribes on the State of Oklahoma’s July 22, 2020 request to administer its environmental regulatory programs in certain areas of Indian country within the State. This request was made under Section 10211(a) of the Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005 (SAFETEA) and resulted in an October 1, 2020 EPA decision granting the State’s request.
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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 head lower- Choice Beef was down $1.05 while Select Beef dropped $1.13 on Wednesday, June 30th
Click on the Button below for the latest report from USDA Market News
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OKC West in El Reno had 5,790 head of cattle in their Tuesday and Wednesday sales this week..
Compared to last week: Feeder steers and heifers sold 3.00-5.00 lower. Demand moderate. Several large strings of reputation cattle were on on offer today. Not enough comparable trades of steer and heifer calves for a trend but a steady undertone was noted. Demand moderate to good. Heavy rainfall continues across the trade area bringing flood conditions.
OKC West will not have a cow and bull sale this coming Monday, July 5th- but will have their regular calf and yearling days of trade next Tuesday and Wednesday, July 6 and 7.
Click below for the complete closing report.
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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.
Host Ron Hays sits down with Sam Knipp, who has been communicating to farmers and ranchers in Kansas and Oklahoma as a farm broadcaster and ag journalist since the 1970s- Most recently, he has been a part of the broadcast and journalism team for the Radio Oklahoma Ag Network- but before that, Sam worked for farmers and ranchers in Public Relations and Communications for the Kansas Farm Bureau, Oklahoma Farm Bureau and the American Farmers and Ranchers. He's a farm boy from western Kansas, who after over 40 years in service to agriculture, is retiring July 2, 2021. Our conversation with Sam Knipp is powered by Banc First.
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, 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, Union Mutual Insurance, 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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