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Let's Check the Markets!
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.
503 head of cattle on their showlist for the Wednesday,
August 1st sale of finished
OKC West sold slaughter cows mostly 1.00 to 2.00 lower and slaughter bulls steady to 1.00 lower on Monday compared to last
Oklahoma National Stockyards in Oklahoma City had an estimated 5,600 for Monday- Yearlings unevenly
steady. Steer and heifer calves trading mostly 3.00-5.00 higher on a limited test. Click or tap here for the Mid Session report.
Joplin Regional Stockyards sold 5,856 cattle on Monday- Compared to last week, steer and heifer calves and yearling steers steady, yearling heifers 2.00 to 4.00 higher. For the Complete report from USDA- click or tap here.
Today's First Look:
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 or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, July 31, 2018
The US Department of Agriculture released Monday, July 30, 2018 its latest Crop Progress report according to which the US corn crop is denoted as being 91 percent complete in the silking stage, 9 points above both last year and the five-year average with corn dough 17 percent above last year at 38 percent complete nationally and a crop condition currently of 9 percent poor to very poor, 19 percent fair and 72 percent good to excellent, unchanged from the week before. In the meantime, the US soybean crop is 86 percent blooming, ahead of last year by 6 and the average by 9 points. Setting pods is at 60 percent this week, 15 points ahead of last year and 19 points ahead of the average. Soybean's condition is unchanged this week from last, rated currently at 8 percent poor to very poor, 22 fair and 70 percent good to excellent.
Click or tap here to view the complete USDA Crop Progress report, released Monday, July 30, 2018.
Looking at our three-state region across the Southern Plains this week - in Oklahoma, Sorghum headed reached 43 percent, down 1 point from the previous year. Sorghum's condition rates this week 10 poor to very poor, 46 fair and 44 good to excellent. Soybeans blooming reached 54 percent, up 16 points from the previous year. Soybean's condition rates 15 poor to very poor, 38 fair and 47 good to excellent. Cotton setting bolls reached 35 percent, up 11 points from the previous year and up 3 points from normal. Cotton's condition rates 40 poor to very poor, 39 fair and 21 good to excellent.
For the full Oklahoma Crop Progress report for this week, click here.
In Kansas, soybean condition rated 6 percent very poor, 15 poor, 36 fair, 39 good, and 4 excellent. Soybeans blooming was 83 percent, ahead of 71 last year, and well ahead of 62 average. Sorghum condition rated 1 percent very poor, 5 poor, 31 fair, 56 good, and 7 excellent. Sorghum headed was 39 percent, ahead of 24 last year and 23 average.
For the full Kansas Crop Progress report for this week, click here.
And across Texas, hot, dry conditions persisted this past week as cotton bloomed in the Southern Low Plains, but showed drought related stress while harvest got underway in areas of the Coastal Bend and South Texas. Meanwhile, Cotton setting bolls is at 35 percent, better than last year by 3 and on par with the average. Cotton's condition rates 24 good to excellent, 29 fair and 47 poor to very poor. Sorghum headed this week rates 80 percent, coloring at 71, mature at 58 and harvested at 48 percent compared to 45 last year and 35 the average. Sorghum condition rates 33 good to excellent, 34 fair and 33 poor to very poor.
For the full Texas Crop Progress report for this week, click here
Pasture and range conditions across the Southern Plains continue to plummet again this week in the wake of intensifying drought conditions in parts of the region. Comparing this week to last, we see a 7-point drop in the combined good to excellent rating in Oklahoma with this week at 30 percent and last week at 37 percent. Kansas rates at 29 percent good to excellent this week, a 1-point improvement from last week's 28 percent combined rating. Texas, however, dropped 8 points this week compared to last week at 13 percent good to excellent, next to last week's 21 percent. Arizona remains at the bottom of the national comparison with a poor to very poor rating of 89 percent, currently. The nearest state beyond that is New Mexico with 69 percent of its rangeland rated poor to very poor, tied this time by Missouri also at 69 percent poor to very poor.
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Secretary Perdue Celebrates US Pork's Reintroduction into the Argentine Market with Amb. Edward Prado
U.S. Secretary of Agriculture Sonny Perdue celebrated the reintroduction of American pork products to the Argentine market after more than 20 years, yesterday, by slicing a ten-pound honey baked ham. The commemorative event took place during the Secretary's visit to Buenos Aires for the G20 Summit of Agriculture Ministers.
"The U.S. is the world's third largest pork producer and a top exporter," Secretary Perdue said. "This new market is a big victory for American farmers and ranchers. I am confident that once the people of Argentina get a taste of American pork products, they will only want more. This is a great day for our agriculture community and an example of how the Trump Administration is committed to supporting our producers by opening new markets for their products."
Vice President Mike Pence was credited with sealing the deal during his last visit to Buenos Aires. However, technical staff from the USDA and the Office of the US Trade Representative have been working with Argentina's Ministry behind the scenes for some time to work out the details of the agreement. Based on a joint statement released last year between President Trump and Argentina's President Macri, this is hopefully not the last commodity to gain access to the Argentine marketplace as the leaders both agreed they are committed to further expanding agricultural trade between the two nations.
The Secretary's comments about the "productive conversations" he had with Argentina's Ag Minister and others, gives hope that the President's commitment will soon be acted upon.
Click here to read more about Perdue's event celebrating US pork's return to Argentina.
It May Look a Little Different, But Oklahoma's 4-H Program Still the Same Club You Know and Love
We had the chance to speak with Blayne Arthur, the executive director of the Oklahoma 4-H Foundation last week during the organization's annual Round-Up event, where roughly $100,000 in scholarships were presented to 90 deserving and hard-working 4-H members. She talked with us about the organization's impact on our youth in agriculture and the role the organization plays in our communities throughout the state.
She says that while the organization has been forced to adapt these last few years to budget constraints and a changing audience - she insists the organization is sticking to its roots, with curriculum based on youth development and community service.
"That community service component is such a key part of our 4-H program... whether you're talking about our younger kids, the Clover Buds, or our older high school students. Community service is just ingrained into their project work from the get go," Arthur said. "Which is wonderful for us in Oklahoma because then we have these young adults who become citizens of our state and they become community servants."
The continued success of the 4-H Round-Up is evidence, she says, of the faith that Oklahoma's business community has in the program and the kids involved in it. She says the event showcases the talents of the next generation of leaders in Oklahoma agriculture and the outstanding results of the industry's investment in the program.
"I think the 4-H program will continue to look a little bit different than the traditional program that some of us are familiar with," she said. "But, it all comes back to the pillars we've focused on for so many years. It's just molding itself to fit a different audience."
You can read more about Arthur's thoughts on the significance of the 4-H program in Oklahoma or listen to our complete conversation, by clicking over to the Blue-Green Gazette on our website.
A Cut Above - Wholesaler Brad Morgan Offers Sneak Peek into the Retail World of High-End Beef
Dr. Brad Morgan works with Performance Food Group, a beef supplier that works with independently owned restaurants to provide the highest quality steak and beef products to ensure a superior dining experience for customers of the most discriminating taste. He spoke recently with us about this side of the business you don't typically hear about as often and what today's retailers and their customers are looking for when it comes to high end beef.
"We don't just sell beef, we sell a story," Morgan said. "We know where the cattle are from. We know that they're Angus. We know how they've been fed, how they've been treated, how they've been maintained. We take a DNA sample off of everyone one of them - that way we can trace it up and down the system if there's ever a problem or a question."
Morgan says their system, known as the Braveheart Black Angus Beef program, has done very well since being created and has seen it continue to steadily grow over the years. During this time, with the help of a Kansas-based feedyard as well as assistance from Tyson and Cargill, PFG has perfected its selection process. They have found the perfect ribeye falls within a range of 11-14.9 square inches, roughly the size of the palm of your hand. Cut about an inch and a quarter thick, it weighs right at 12 oz. and lends the right amount of what Morgan calls "plate presence." This has become the focus of their selection process, rather than concentrating on carcass weight like they used to. Morgan explains all cattle are different and weight is not as accurate a way to measure for ribeye area. Today, PFG uses an instant visual grading camera that helps streamline the process.
"That allows somebody to cut it at a certain thickness, cook it appropriately, have some plate presence and it's worked out real well," Morgan said.
Listen to Morgan talk about the wholesale side of the beef industry and the niche market he caters to, on yesterday's Beef Buzz - click here.
Learn More about the Beef Checkoff
The Oklahoma Beef Council (OBC) has moved to a monthly e-newsletter packed with information about your Beef Checkoff and activities on a state, national and international level. In the July issue, learn more about the Cowboy Ninja Warrior, Beef and a Mediterranean diet and OBC outreach to chef influencers. Click here to learn more.
OSU Economist Derrell Peel Reports China Importing More Beef to Feed Growing Consumption Rate
In this week's edition of the Cow/Calf Corner newsletter, Dr. Derrell Peel revisits his previous article to share more of his insights into China's beef production and consumption as a nation, gathered during a recent stay in Asia. According to Peel, beef consumption in China is low but rising and despite being a major beef producing and consuming country for many years, China has never participated much in global beef markets until just recently.
He cites data collected by the USDA Foreign Agricultural Service that shows total beef consumption in China in 2018 is estimated at 8.5 million metric tons, second only to the U.S. On a per capita basis, this is just over 6 kilograms (carcass basis) or about 9.4 pounds per person (retail basis). Since 2014, though, beef consumption has outstripped domestic production and Chinese beef imports have risen sharply. By 2016, China exceeded Japan as the number two beef importing country behind the U.S. At that pace, China could be the largest beef importing country in the world in another year or two, Peel writes.
"What is the future potential for U.S. beef in China?" Peel asks... Well, the answer is complicated given the many challenges currently, particularly the ongoing trade war with China. But, Peel says the bigger challenge for U.S. beef is the role of beef in Chinese cuisine. The reality is that, for the majority of Chinese consumers, beef, especially muscle cuts, are only infrequently a part of the diet.
This is not to say that there isn't potential for U.S. beef in China. However, it does illustrate that accessing the larger Chinese market is not simply a matter of shipping U.S. steaks to China. Peel says there is a concerted effort being undertaken by USMEF staff in China who are dedicated to building market share for U.S. beef.
"There is considerable potential for U.S. beef in China but it will take time, patience and persistence."
Click here to read Peel's complete analysis of Chinese beef consumption and the role that US beef imports may play in the future of this Asian marketplace.
USDA Announces Election Period for Seed Cotton Program Now Open Through December 7, 2018
The USDA announced yesterday that seed cotton producers, who want to participate in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2018 crop year, may now submit applications. The signup period officially began Monday and will end on Dec. 7, 2018.
In accordance with changes to ARC and PLC made by the Bipartisan Budget Act of 2018, farm owners with generic base acres and recent planting history of covered commodities have a one-time opportunity to allocate all of the generic base acres on their farm.
USDA Farm Service Agency Administrator Richard Fordyce encouraged cotton producers to seriously look into these programs. Farms with generic base acres that were planted or approved as a prevented planted commodity during the 2009 through 2016 crop years, are eligible to allocate generic base acres. This includes upland cotton. Producers have two options to allocate generic base - the details of which can be found in the original release published to our website - found here.
Farmers with questions are encouraged to seek advice by either visiting www.fsa.usda.gov or their local FSA office.
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|GOP Gubernatorial Hopeful Cornett Names Ag Advisory Council
Republican candidate for Governor and former Oklahoma City Mayor Mick Cornett is announcing the formation of an Agriculture Advisory Council, tapping seven to serve as advisors on agricultural issues to Cornett during his campaign for Governor.
"Agriculture is one of the largest and most-important industries to our state," Cornett said. "Throughout this campaign, I've sought to learn more about different farming and ranching activities within the agricultural industry, how to grow the industry, and how state government can be a better partner. These seven farmers and ranchers have proven they want a stronger state, and I am pleased to have their support and guidance."
Members of Cornett's Agriculture Advisory Council include:
Bob Ed Culver, Tahlequah
Bob Drake, Davis
Keeff Felty, Altus
Joe Neal Hampton, Waukomis
Jimmy Harrel, Leedey
Joey Meibergen, Enid
Ben Walkingstick, Chandler
Cornett said additional agricultural leaders will be added to the council in the coming weeks.
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