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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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Monday's run at the Oklahoma National Stockyards
featured 8,000 head of cattle and higher prices- Feeder steers steady to 5.00 higher with instances of 8.00 higher on 750-800 lbs. Feeder heifers steady to 3.00 higher. Steer calves 1.00-6.00 higher. Click or tap here for the complete report.
At OKC West Livestock Auction in El Reno Monday, slaughter cows sold mostly steady to 1.00 lower.
Slaughter bulls 2.00-4.00 lower compared to last week. Click here for the complete sale report.
Joplin Regional Stockyards
had a Monday run of 5,654 cattle- and both the calf trade and yearling market were called steady. Click or tap here
for the complete report from Joplin's first sale of April.
513 head of cattle on their showlist for the Wednesday,
April 3rd, sale of finished cattle - click here to jump to the website.
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.
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, April 2, 2019
"Ag Day" at the Oklahoma Capitol!
Featured Story: Over Half of the National Winter Wheat Crop is in Good Condition for This Year's First National Crop Progress Report
The first U.S. Department of Agriculture crop progress report this year rates 56 percent of the national winter wheat crop in Good-Excellent condition, 35 percent Fair, 9 percent Poor-Very Poor. For the complete USDA Crop Progress report from April 1st, click here.
In the weekly crop progress report from USDA, Oklahoma winter wheat jointing reached 42 percent, down 3 points from the previous year and down 9 points from normal. Winter wheat crop conditions fell down from last week to 69 percent Good-Excellent, 27 percent Fair, and increasing to 4 percent in Poor-Very Poor.
Canola blooming reached 15 percent, unchanged from the previous year. Rye jointing reached 35 percent, down 2 points from the previous year and down 10 points from normal. Oats jointing reached 16 percent, down 1 point from the previous year but up 3 points from normal.
Pasture and range improved from last week, half of the crop is in Good-Excellent condition, 35 percent Fair, and 15 percent Poor-Very Poor. Livestock condition was rated 69 percent Good-Excellent, 26 percent Fair, 5 percent Poor, and none Very Poor. Click here for the full Oklahoma report.
For our neighbors to the North, corn planting made a blip on the radar. Kansas corn planted was 1 percent, equal to last year, and near 2 for the five-year average. Winter wheat condition held near steady from last week; rated 55 percent Good-Excellent, 36 Fair, 9 Poor-Very Poor. Winter wheat jointed was 2 percent. Click here for the Kansas report.
Alfalfa weevils were spotted in areas of the Trans-Pecos down South over the last 7 days and spinach harvest continues. Wheat conditions are improving in Texas; 41 percent Good-Excellent, 41 Fair, and dropping down to18 in the Poor-Very Poor.
Livestock condition across the state remained mostly fair to good. Range and pasture rated 41 percent Good-Excellent, 40 Fair, 19 Poor-Very Poor. Click here for the full Texas report.
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company's long time support of the Radio Oklahoma Ag Network and we encourage you to click here to learn more about their products and services.
Rabobank's Don Close Says Fat Cattle Market Has Peaked Out for the Year - Perhaps
According to the latest reports, the US beef cow herd continues to grow compared to a year ago as does the total on feed number. Don Close of Rabobank shared with us his thoughts during the Texas & Southwest Cattle Raisers Association Convention this past weekend on the current data and the story it tells us about what is going on in the beef industry right now. Close says in his professional opinion, the data suggests that the market may have already reached its seasonal peak.
"Could we see the market ease off here for a handful of weeks - come back and check these highs in April when we get to that grilling season - very likely," he remarked. "But, to see any additional gains from here, I just think we're there for this year."
However, for feeder steers and calves, Close believes there is still the potential for a market rally to occur during the typical August to September summer high - although it might be a bit weaker than normal. What is important though, he says, is to understand that futures prices are $10 cwt higher than projected cash highs for the year - or as Close interprets - probably a good time to make some sales.
Listen to Close offer his full analysis of the beef cattle market, on yesterday's Beef Buzz - click here.
The Organization for Competitive Markets recently published an article detailing the OFF Act supported by an unlikely group of allies including U.S. Senators Mike Lee (R-UT), Cory Booker (D-NJ), Rand Paul (R-KY) and Elizabeth Warren, (D-MA). The Opportunities for Fairness in Farming (OFF) Act, S. 935, would - in the words of the OCM - "put an end to the most egregious abuses committed by the boards and contractors of the federally mandated commodity checkoff programs." More specifically, the OFF Act is intended by its authors to prohibit lobbying trade organizations from receiving checkoff funds, rein in conflicts of interest and stop anti-competitive activities that harm other commodities and consumers.
OCM claims that programs like the Beef Checkoff have "fallen under the control of commodity trade organizations representing global agribusiness interests, and oftentimes the millions of dollars paid into checkoff programs by hard-working family farmers and ranchers end up being used to lobby for policies that harm their interests."
Having filed the OFF Act in the last Congress, Senators Lee and Booker offered the legislation as an amendment to the 2018 Farm Bill. The amendment was supported by over 100 organizations and garnered the support of 38 U.S. Senators.
Fred Stokes, founding member of the Organization for Competitive Markets, stated that "So long as checkoff funds remain hidden from accountability and in the hands of trade and lobbying groups, independent family agriculture is in peril of being wiped from the face of the countryside. It is imperative this legislation be passed and signed into law."
For a closer look at the major reform provisions the OFF Act includes, click here
to jump to the full story.
Foliar Disease Pressure Remains Light Across State According to OSU Plant Pathologist Bob Hunger
Oklahoma State University Extension Plant Pathologist Dr. Bob Hunger, released last week his latest wheat disease report for Oklahoma. According to him, foliar diseases continue to remain fairly light across the state. Thus far only light and scattered leaf rust pustules have been observed on senescing lower leaves. No powdery mildew or leaf spot diseases have been spotted at this point but some low numbers of winter grain mites have been heard of. In addition, Hunger has observed bird cherry oat aphids in older wheat as well as some septoria on lower leaves.
In Texas, reports indicate Stripe rust is drying up on both hard red and soft red winter wheat. Other reports say the severity of leaf rust this time of season has not been seen in several years.
"The observations in Oklahoma coupled with the report from Texas indicate to me that leaf rust is going to be the rust of concern this year in Oklahoma," Hunger said. "Of course, that will still require the right weather, but inoculum for leaf rust is being produced in southern Texas that should spread northward if weather allows. Plus, there is inoculum that survived in Oklahoma to also promote leaf rust with favorable weather. In contrast, stripe rust inoculum appears to be sparse."
Click here to read Dr. Hunger's complete report on our website.
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected.
for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
Chairman of the Cattlemen's Beef Board Chuck Coffey remarked how proud he is of the industry's success this past year, during the Texas & Southwest Cattle Raisers Association Convention this past weekend in Fort Worth.
In an effort to sustain that success, CBB is debuting "Chuck Knows Beef." This is an all new marketing tool using the latest AI to interact with consumers. While reaching the consumer is extremely important, connecting with stakeholders in the Beef Checkoff is equally important, Coffey says.
"We found the more producers know about the Checkoff, the more supportive they are in promoting beef," Coffey said, introducing a new platform geared toward producer education called The Drive. "That's where we want to reach our producers so they can see what's going on in the Checkoff and how their dollars are being spent."
Given the current research, one could argue that money is being spent very wisely. The most recent report on the Beef Checkoff's return on investment calculates that for every dollar spent, the industry receives $11.20 back. That study is conducted every five years and Coffey says the next one is being prepared right now. He predicts that with the continued rise in beef demand, that report will show an even greater return on Checkoff dollars.
Listen to our complete conversation by clicking or tapping here.
The quality of corn assembled for export early in the 2018-2019 marketing year was rated at U.S. grade No. 2 or better on all grade factors, based on the U.S. Grains Council's (USGC's) Corn Export Cargo Quality Report, released this week.
"Corn quality information is important to foreign buyers and other industry stakeholders as they make decisions about purchase contracts and processing needs for corn for feed, food or industrial use," said USGC Chairman Jim Stitzlein. "This report - along with its companion, the Corn Harvest Quality Report - has consistently created value for all stakeholders due to the familiarity of the information and the ability to evaluate year-to-year changes in the U.S. corn crop."
The Council will roll out the new results in a series of crop quality seminars around the world beginning with one in Mexico later this week and more in Panama, El Salvador and Colombia in May. These outreach activities help establish clear expectations with buyers and end-users regarding the quality of corn this marketing year.
Read more about the information in these reports by clicking or tapping here.
It's Ag Day at the Oklahoma State Capitol- and the usual lineup includes a new wrinkle this morning- Oklahoma Secretary of Ag Blayne Arthur has arranged for the Governor to take a slightly longer route for his morning commute from the Governor's Mansion over to the Capitol Building- at 8:30 this morning, Governor Stitt, joined by Senate Leader Treat and House Speaker McCall, will hop onto tractors and head down to 19th street- then over to Lincoln and then up to the south side of the Capitol to kick off the Ag Day Festivities.
The word is that a group of 4-H and FFA members will gather at the Capitol steps to cheer on the elected leaders of our state as they arrive.
Other highlights of the day include the Ag in the Classroom Awards being handed out- starting at 10 AM, the Ag Day Exhibits manned by commodity groups and Made in Oklahoma vendors from 10 AM til 2 PM and finally the award ceremony to celebrate the selection of Jimmy Harrel as the newest member of the Oklahoma Ag Hall of Fame as he is awarded the Governor's Outstanding Achievement Award in Agriculture.
|This and That- Welcome to AFR Insurance, Congrats to Bryan Painter and Oklahoma Farm Bureau Leaders in DC
We are excited to have our friends at AFR Insurance back on board as a sponsor of our daily email- our thanks to the Board members of the Insurance and Farm Coop side of the American Farmers and Ranchers organization for their desire to be a part of our email family- and we would encourage you to check out their full lineup of insurance products the next time you are reviewing your coverage of your operation.
Congrats to our friend Bryan Painter- who is staying in the Ag Building at the Capitol but is taking on new duties as he has been named as the Communications Director and Public Information Officer for the Oklahoma Conservation Commission this week.
Bryan moves from his roles at the Oklahoma Department of Ag over the last few years and tells me he is excited about being able to share the great Conservation story that Oklahoma has in the days ahead.
It was a "fly" day yesterday for several of the leaders of the Oklahoma Farm Bureau as they are holding their annual Congressional Trip to Washington this week. The delegation is being led by their State President, Rodd Moesel, and will be meeting with our state's Congressional delegation over the next couple of days.
We will be getting an update from Rodd later in the week to learn how those visits have gone.
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Herb's Herb Hemp Farm, 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!
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