Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Wednesday, July 7, 2021
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Here is your daily Oklahoma farm and ranch news update.
- Oklahoma Wheat Harvest 90% Done- Spring Crops Improve in Latest USDA Crop Progress Report
- OSU’s Dr. Amy Hagerman Talks Farm Policy Options in Agricultural Safety Net
- Ag Economy Barometer Falls For Second Month; Rising Input Costs Causing Concern For Farmers
- Oklahoma Congressman Frank Lucas Cosponsors Broadband for Rural America Act
- Dr. Derrell Peel Says Summer Beef Demand is Sizzling
- NCBA’s Kent Bacus Talks Need to Replace Product of the USA Label for Beef
- OSU Vice President Selected to Serve on IFDC Board of Directors
- Texas Cattle Feeders Trade Area Meets Industry Plan Negotiated Trade Requirement for Second Quarter of 2021
- Oklahoma 4-H Honors a Pair of Lifelong Volunteer Leaders
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Oklahoma Wheat Harvest 90% Done- Spring Crops Improve in Latest USDA Crop Progress Report |
Combines are continuing to harvest across the southern Plains after being stalled by precipitation and most of the summer crops are continuing to make progress according to the latest USDA Crop Progress Report.
Overall, in the 18 major winter wheat producing states, harvest is 45 percent complete, compared to the 53 percent for the average on this date.
The nation's winter wheat crop is rated 47 percent good to excellent, 30 percent fair and 23 percent poor to very poor.
Up 10 points from last week, 90 percent of the Oklahoma wheat crop has been harvested compared to the 80 percent last week and 99 percent for this date last year.
Also for the state, Oklahoma sorghum planted is nearly complete at 93 percent. Sorghum headed reported 4 percent, up 3 points from last week and equal to a year ago.
Soybeans planted reached 69 percent, up 4 points from last week previous year but down 14 points from normal.
The Oklahoma cotton crop is almost fully planted- pegged at 95% by NASS.
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OSU’s Dr. Amy Hagerman Talks Farm Policy Options in Agricultural Safety Net |
There are some current farm policy tools available for producers through the agriculture safety net program. I spoke with Dr. Amy Hagerman, Oklahoma State University Assistant Professor of agricultural economics, and she said one available resource is payments for wheat producers for the marketing year that is now ended. Hagerman said this is made through two programs: the Price Loss Coverage program and the Agriculture Risk program.
In the last couple of years, we have seen PLC and ARC trigger payments because of market prices, Hagerman said.
2020 was a year where national prices came in under the trigger point, she said. So, I would expect those who signed up for the PLC program to expect a small payment in October, she added.
Though Hagerman does not have the exact figures she concludes a payment will be available, based on the wheat market prices.
Opposite of wheat, Spring planted row crops, which are a ways away from the end of the marketing year, are showing strong prices, Hagerman said.
Despite challenges faced by farmers, including severe drought in some areas, market volatility and uncertainty, and international markets, Hagerman remains optimistic going into this next year.
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Ag Economy Barometer Falls For Second Month; Rising Input Costs Causing Concern For Farmers |
The Purdue University/CME Group Ag Economy Barometer marks a second month of sharp declines, down 21 points to a reading of 137 in June. Producers were less optimistic about both current conditions on their farming operations as well as their expectations for the future. The Index of Current Conditions dropped 29 points to a reading of 149 and the Index of Future Expectations fell 17 points to a reading of 132. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from June 21-25, 2021.
"Farmers expect their input costs to rise much more rapidly in the year ahead than they have over the last decade, contributing to their concerns about their farm finances and financial future," said James Mintert, the barometer's principal investigator and director of Purdue University's Center for Commercial Agriculture.
Since peaking in April, producers' view of their farms' financial performance has fallen sharply. The Farm Financial Performance Index, which is based on a question that asks producers about expectations for their farm's financial performance this year compared to last year, declined 30 points this month, and 42 points since April, to a reading of 96.
Rapidly rising production costs related to both consumer and farm input price inflation are a concern for agricultural producers. Nearly 30% of producers said they expect farm input prices to rise by 8% or more in the upcoming year, which would be more than four times the average rise over the last 10 years of just 1.8%.
Read the full Ag Economy Barometer report at https://purdue.ag/agbarometer. The site also offers additional resources – such as past reports, charts and survey methodology – and a form to sign up for monthly barometer email updates and webinars.
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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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Oklahoma Congressman Frank Lucas Cosponsors Broadband for Rural America Act |
Oklahoma Third District Congressman Frank Lucas has cosponsored the Broadband for Rural America Act. Introduced by House Agriculture Committee Ranking Member Glenn Thompson (PA-15) and other House Agriculture Committee Republicans, the Broadband for Rural America Act would help bridge the digital divide for communities across the nation by providing more than $7 billion in authorizations for United States Department of Agriculture (USDA) broadband connectivity programs, including the Broadband ReConnect Loan and Grant Program.
“Access to affordable, high-speed internet is essential for families, businesses owners, and communities in today’s 21st society. Unfortunately, rural communities often face challenges as broadband infrastructure is measured by the miles between customers compared to urban communities who measure broadband by the customers between miles,” said Congressman Lucas. “The Broadband for Rural America Act provides important investments to USDA broadband programs which will in turn provide critical modern infrastructure to countless rural communities. I’m proud to support this important piece of legislation and look forward to continuing to be a supporter and advocate for expanding broadband to rural families and communities across Oklahoma.”
Lucas has long supported bridging the digital divide, increasing access to broadband for those who call rural Oklahoma home.
Earlier this year, I talked with Congressman Lucas about the American Jobs Act proposal of the Biden Administration- and they spent a good bit of time on the efforts to bring rural broadband to rural areas- click here for that story from April of this year.
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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
Oklahoma Farm Bureau is a grassroots organization working to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization, OKFB advocates for farmers and ranchers at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. With leadership events, supporting our state’s agricultural youth and connecting consumers with agriculture, Farm Bureau promotes and sustains Oklahoma agriculture in numerous ways. Join with OKFB today by becoming a member at okfarmbureau.org/join. Together, we are rural Oklahoma.
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Dr. Derrell Peel Says Summmer Beef Demand is Sizzling |
Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Mark Johnson. Today, Dr. Peel talks about Summer Beef demand.
Wholesale beef prices typically increase in the spring, led by middle meat demand. Spring restaurant demand reflects several holidays, including Valentine’s Day, Mother’s Day and Father’s Day at the same time as summer grilling demand ramps up, led by Memorial Day and Independence Day. The seasonal increase in boxed beef cutout prices was stronger than usual this year. Weekly average Choice boxed beef prices increased 63.8 percent from early January to early June. Among the four major beef primals values were higher across the board, led by the loin (up 93.0 percent), rib (up 60.0 percent), round (43.8 percent) and chuck (up 39.0). The smaller primals were also up strongly with increases for brisket (up 99.3 percent), short plate (up 107.5 percent) and flank (up 85.7 percent). Exceptionally strong wholesale beef price increases in the first five months of the year reflect several demand factors including typical seasonal beef demand strength; strong export demand; and food service inventory rebuilding, all underpinned by generally strong domestic protein demand.
Domestic beef demand looks to continue strong in the second half of the year and beef exports are expected to increase as well. Strong beef demand and year over year decreases in beef production in the third and fourth quarters is expected to continue supporting wholesale beef values for the remainder of the year.
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NCBA’s Kent Bacus Explains Need to Replace Product of the USA Label for Beef |
Often seen in grocery stores and retail markets across America is the Product of the USA label for fresh beef. But, is it really accurate?
Kent Bacus, senior director of international trade and market access for the National Cattlemen’s Beef Association, says the Product of the USA label is not a truly accurate label.
Cattle producers are not very fond of it, and NCBA is working with industry partners to lay the ground work for significant changes.
“NCBA, for the last several years, has been investigating the concerns of our producers,” Bacus said.
We have investigated claims and sought examples, of which many were found across the United States, Bacus said.
Producers then brought forth policy in an effort to protect transparency and ensure claims were certified.
NCBA recently filed a petition with the FSIS to remove the Product of the USA label and replace it with Processed in the USA, he said.
“As it is now, any beef product that passes through an FSIS inspected facility can carry that product of the USA label, even if it’s an imported product,” Bacus said. “We think that it’s time to clarify what’s actually happened with that product, and the simple fact is it’s processed.”
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OSU Vice President Selected to Serve on IFDC Board of Directors |
Thomas G. Coon, vice president of OSU Agricultural Programs and dean of the Ferguson College of Agriculture, has been selected to serve on the board of directors for the International Fertilizer Development Center. He assumed his position June 1.
The Alabama-based company is an independent, nonprofit organization that combines innovative research, market systems development and strategic partnerships to spread sustainable agricultural solutions for improved soil health, food security and livelihoods around the world.
“Throughout my career I’ve been involved in international research and partnerships to help advance research and translating its practical application to producers, processors and retailers,” Coon said. “At OSU, we have a record of having a very practical impact on agricultural advancement in developing nations. Dr. Bill Raun, Regents Professor in Crop and Soil Science, has a tremendous reputation for advising more than 125 international graduate students. I’m not a soil scientist, but the reputation Dr. Raun and his colleagues have established has a lot to do with the board’s interest in having an administrator from his college on the board.”
Coon said the center’s focus on soil health and plant nutrition build on the Ferguson College of Agriculture’s emphasis on soil health and plant nutrient stewardship, adding that the alignment is very complimentary.
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Texas Cattle Feeders Trade Area Meets Industry Plan Negotiated Trade Requirement for Second Quarter of 2021 |
According to the Texas Cattle Feeders Association weekly newsletter dated July 2nd- Texas, Oklahoma and New Mexico feedlots have had a part in increasing negotiated plan and have exceeded the minimums set forward by the Cattle Industry 75% plan in the second quarter of 2021.
The newsletter reports that "The efforts of TCFA members over the past several months have demonstrated cattle feeders’ commitment to increasing negotiated trade and price discovery by exceeding expectations outlined in the industry’s 75% plan and successfully passing the 2nd quarter of 2021"
“TCFA members have surpassed levels established in the NCBA plan. More specifically, our members averaged 13,681 head per week in Q2 2021; 10,893 head per week in Q1 2021 and 9,593 head per week in Q4 2020 compared to the TCFA goal of 9,750 head in the NCBA plan. By any measure, we have proven that an industry solution to increasing negotiated trade will work,” stated TCFA Chairman Scott Anderson.
You can read more about the 75% plan established at the summer business meeting of the National Cattlemen\s Beef Association this past August in Denver- click here to see details of the plan.
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Oklahoma 4-H Honors Volunteer Leaders Lily Stubbs
and Sheryl Moore
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Oklahoma State University is pleased to announce the award recognition of two Oklahomans who have made significant impacts by their volunteerism with the Oklahoma 4-H Youth Development program. Read more about Lily Stubbs and Sheryl Moore by clicking on the button below.
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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 were mixed on the first report after the Fourth of July holiday weekend- Choice Beef was $1.24 higher while Select beef dropped $1.10.
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.
Please note that the Oklahoma National Stockyards, Joplin and OKC West were all closed on Monday July 5th- OKC West will have their regular Yearling sale today(no report was available on Tuesday trade)
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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
Pam Arterburn, Calendar and Template Manager
Emile Mittelstaedt, Farm News Intern and Email Editor
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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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