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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.
FedCattleExchange.com offered 483 head Wednesday with 137 head actually selling. Click here to see their complete market results.
Feeder steers traded 1.00-4.00 higher while feeder heifers traded 1.00-2.00 higher at OKC West Livestock Auction, compared to last week's sale. Click or tap here to jump to yesterday's complete sale report.
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
Thursday, May 30, 2019
Featured Story: Persistently Wet Conditions Prompt Farmers to Consider Grain Sorghum as a Late Planting Option
As farmers seek a solution to the prolonged wet spring and lack of planting, National Sorghum Producers and the Sorghum Checkoff are reminding producers grain sorghum is an option that can provide opportunity to growers. As wet conditions persist for farmers across the U.S., producers calculating options as major crop plant deadlines loom, need to keep a few considerations in mind when planting grain sorghum, according to NSP.
Grain sorghum can typically be planted later than other crops, and sorghum is a lower risk option, specifically as it relates to seed costs. For example, sorghum seed typically costs $9-$18 per acre depending on seeding rate, while corn seed typically costs $55-$110 an acre depending on seeding rate and traits. Harvest costs are often lower, as well.
NSP CEO Tim Lust says "despite trade uncertainty, demand for feed grain remains strong across the globe." Interested growers should contact National Sorghum Producers for more information on local bids and crop information.
Click or tap here to read the full story to learn more about the opportunities associated with planting grain sorghum this summer.
Oklahoma AgCredit supports agriculture and rural Oklahomans with reliable, consistent credit today and tomorrow.
A proud member of the Farm Credit System, Oklahoma AgCredit offers loans and financial services to farmers, ranchers and country home owners. Whether you're looking for land, a country home, livestock, or equipment, Oklahoma AgCredit can help with long-term fixed rates or short-term loans for running your agricultural operation.
With 17 locations serving 60 counties, we're locals, too. Find an office near you to talk to a lender who understands agriculture. Financing rural Oklahoma. Equal housing lender, NMLSR ID# 809962. Call us today at 866-245-3633 or go to www.okagcredit.com.
| Oklahoma's Policy Leaders Show Support for Flood Control Dams and the Important Role They Play
As we all know floods happen. However, what is also important to know is that leaders at the U.S. Capitol and the Oklahoma Capitol are thinking about the future and what we can do to prevent these floods.
Recently, Governor Kevin Stitt signed the general appropriations bill into law for the Fiscal Year 2020. Included in that bill is $1.5 million that will go toward rural dam improvement. That - in addition to just over $5 million in bonds sold by the Oklahoma Capitol Improvement Authority in April on behalf of the Oklahoma Conservation Commission for the rehabilitation of flood control structures.
Overall, there are 2,107 such flood control dams in Oklahoma. These dams protect homes, businesses, roads, bridges, and other infrastructure, as well as crops, farmland, and ranch land. According to the NRCS, the watershed dams in the state this month alone have had a monetary benefit of over $20 million. However, by the end of the year, almost two-thirds of these dams will have passed their 50-year design life.
"The recent storms have brought with them loss of life, and our thoughts and prayers are with those families," said Trey Lam, executive director of the OCC. "Those storms have also brought loss of property, which is tragic. We have also seen flood control dams work as they should to protect lives, and also property.
You can read more about the benefit of the flood control dams in Oklahoma and state and national leaders had to say about them over on our website - here.
| Cargill and Soil Health Institute Partner to Assess the Economics of Soil Health Across North America
Cargill and the Soil Health Institute announced a new partnership to assess, demonstrate and communicate the economics of soil health management systems.
"At Cargill, we're committed to helping farmers increase their productivity so that we can nourish a growing population. We work with partners like The Soil Health Institute to give farmers the tools and resources they need to bring greater sustainability to their operations, while ensuring their productivity," said Ryan Sirolli, global row crop sustainability director for Cargill.
Dr. Wayne Honeycutt, CEO of the Soil Health Institute, echoed Sirolli's comments remarking that "The most desirable information on how soil health affects profitability comes from real-world, on-farm data. However, a challenge is that every farm is different, making it difficult to know how repeatable results are from one farm to another."
Together Cargill and the Soil Health Institute hope to provide United States producers with the economics to make an informed decision about soil health. Supported by an $850,000 grant from Cargill, the Soil Health Institute's Agricultural Economists will develop enterprise budgets to compare the profitability of soil health-promoting systems with conventional management systems on approximately 100 farms near 120 research sites across North America.
You can read more about this partnership and what it will do by clicking or tapping here.
Dr. Frank Mitloehner of the University of California-Davis, or the Greenhouse Gas Guru as he is known on Twitter, is a strong proponent of telling the story of sustainability for the beef cattle industry. He recently pushed back against Patrick Brown, founder of one of the more high profile plant-based burger patty manufacturer The Impossible Burger, during a recent interview on NPR.
"Obviously he has a beef with beef so to speak," Mitloehner quipped about his interaction with Brown. "He said beef is the most destructive technology in use on this planet today and obviously I didn't agree with that. But he was extremely aggressive in that regard. I see people like him and others depicting the beef industry as the worst environmental culprit in the world. I mean, it's getting ridiculous."
Mitloehner says those who want to denigrate beef in this country do not understand the success story the US beef industry has been putting together for years when it comes to sustainability and relatively low greenhouse gas emissions. According to him, the US beef industry only accounts for 3.3 percent of all greenhouse gas emissions generated domestically. In contrast, those industries that consume fossil fuels account for 80 percent of emissions, 28 percent of that contributed by the transportation industry alone. Mitloehner points out that the beef industry has and continues to study its environmental impact and has pledged to make continuous improvements toward greater sustainability in response to consumers' environmental concerns. Regrettably, the beef industry's proactive efforts to increase its sustainability have not been effectively communicated to consumers, allowing activists like Brown the opportunity to spread false or misleading information.
You can keep reading and hear my entire conversation with Mitloehner on our website by clicking here.
As Oklahoma's largest John Deere dealer, P&K Equipment is proud to be your local expert source for equipment, parts, and service. As an Oklahoma-based, family-run company, the P&K network consists of 16 locations in Oklahoma, 2 locations in Arkansas, and 9 locations in Iowa. Our Oklahoma and agricultural roots run deep and our history spans over 30 years.
At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.
OSU's Glenn Selk Offers Advice on Wet Hay and How to Manage It
In this week's edition of "Cow Calf Corner" OSU's Dr. Glenn Selk talks about the importance of knowing the moisture content of you hay at the time of baling.
The frequent spring rains here in Oklahoma can allow cool season forages to grow more abundantly, Selk said. The extra moisture in hay can cause there to be heat inside the hay bale, thus heat is produced inside the bale, he added.
The heat that is produced can damage the hay, Selk said. It can cause the hay to be less digestible, he said.
You can read more about the importance of moisture content in your hay by clicking or tapping here.
John Deere announced this week, updates for Model Year 2020 S700 Series Combines, which include upgrades to improve automation, data management and residue placement.
In addition to enhanced automation of Combine Advisor and HarvestSmart, John Deere Product Manager Matt Badding says the user interface has been improved to simplify the operator's control of the machinery. John Deere has also replaced the S700 Series Combines' moisture sensor with a new sensor that enables improved accuracy for higher-quality data that owners can use in their management decisions. Paired with Auto Swap, another setting that's now standard and works with PowerCast™ and Advanced PowerCast tailboards to make residue placement more precise - farmers can now be even more efficient when it comes to harvesting their crops.
All model year 2020 S700 Series Combines also come standard with an expanded Precision Ag intelligence package. In addition to the existing integration of Generation 4 CommandCenter™ Displays, AutoTrac™ and documentation, customers now get JDLink™ with five years of connected service. JDLink enables the machine to easily and securely transfer data according to the customer's needs, and for customers to remotely monitor machine performance. For more information about the latest John Deere S700 Series Combine updates, visit the Agri-Innovations page on our website to read the complete article.
Canada has taken the first step in ratifying the U.S.-Mexico-Canada Agreement that replaces the North American Free Trade Agreement. Following the Trump administration's decision to remove section 232 steel and aluminum tariffs on Canada and Mexico, Canada presented the trade agreement to lawmakers that must approve the deal. Canadian Foreign Minister Chrystia Freeland delivered the trade agreement to Canada's House of Commons, opening formal presentation of the bill. Freeland told lawmakers in Canada they "intend to move in tandem with the United States," adding the government is "full steam ahead" in its work to ratify the agreement.
Canada is the top trading partner for the U.S., receiving roughly 75 percent of U.S. goods. With a national election looming in five months, the Justin Trudeau regime is eager to complete the process quickly. Meanwhile, President Trump has yet to submit the agreement to Congress.
Japan and the U.S. are accelerating trade talks in hopes to reach a quick agreement. Japanese Prime Minister Shinzo Abe indicated the U.S. and Japan will speed up trade talks as Tokyo faces increased pressure to reach a deal in the next six months to avoid auto tariffs.
However, observers believe talks between the two likely won't advance quickly until after Tokyo's election in July. President Donald Trump, ending a summit and visit to Japan, says agriculture products are "heavily in play" in the talks, particularly U.S. beef. Farmers in the U.S. are eager to see an agreement since Japan and other nations entered the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, after the U.S. left the then-called Trans-Pacific Partnership in 2017.
Trump suggested an announcement on parts of an agreement could come sometime in August. However, that may too optimistic to actually finalize any deal between the two partners- and then you will have the problem of the US elections coming in 2020- Congress- especially the Democratically controlled House- will have no desire to give anything that resembles a victory to the sitting President.
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