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Let's Check the Markets!
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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
has 315 cattle in their showlist for the Wednesday, June 19th sale fo finished cattle - click here
to jump to the website.
At OKC West Livestock Auction
in El Reno Tuesday, feeder steers and heifers were lightly tested for an accurate trend with a much lower undertone. Click here
for the complete sale report.
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
Kane Kinion, Web and Email Editorial Assistant
Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, June 19, 2019
| Featured Story: Prospect of Higher Feed Costs Generating Both Challenges and Opportunities for Cattle Producers
According to the latest reports, farmers are likely to forgo planting millions of acres in corn and soybeans. Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel says that will and is currently having impacts throughout the entire beef supply chain from feedlots down to stockers and cow/calf producers. Peel says it is possible that there is potential for challenges as well as opportunities for the various segments of the beef industry.
"The cattle market situation has changed significantly in the last month or so and it's largely been driven by what's happening on the crop side," Peel said.
Feedlots are probably looking at locking in their feed costs with the risk of prices runnning up even higher than they already have, he said. However, stocker and cow/calf producers have a potential opportunity to drive up their profits. According to Peel, higher feed prices often raises the value of gain at the stocker level. For cow/calf producers, it might also translate into a potential opportunity to retain ownership of calves beyond weaning this fall.
You can listen to the whole conversation between Peel and I on yesterday's Beef Buzz - here.
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.
Fourteen College Students Selected as Interns to Join Noble Researchers in Ardmore and Learn By Their Side
Fourteen students traveled to the Noble Research Institute, for the opportunity to work side-by-side with Noble consultants and researchers.
The Lloyd Noble Scholars in Agriculture program offers students the opportunity to work with agricultural professionals in six core areas of expertise.
The areas for the scholars to be in are animal science and livestock management, agricultural economics, horticulture, range and pasture management, soils and crops, and wildlife and fisheries.
The students from Oklahoma that were selected for the Lloyd Noble Scholars in Agriculture program this year are the following; Mason Blinson, Oklahoma State University, Amber Oerly, Northeastern Oklahoma A&M, Kenneth Watkins Oklahoma State University. The Oklahoma student selected for the Lloyd Noble Scholars in Plant Science program is Bailey Christie, Southeastern Oklahoma University.
You can read the whole list of the scholars this year over on our website - here
US Pig Farmers Donate 3.2 Million Servings of Pork, 55,000 Hours of Service and $5.5+ Million to Charities in 2018
Almost a million pounds of pork, or nearly 3.2 million servings, were donated by U.S. pig farmers during 2018, according to the National Pork Board and the National Pork Producers Council.
Data shows that pork producers across the country showed that during 2018, pig farmers volunteered 54,740 hours in their communities and donated more than $5.5 million to charity.
"These numbers are astounding," said Gene Noem, National Pork Board treasurer and a pig farmer from Iowa. "This shows that our We CareSM ethical principles are not just something we put down on paper, but are values we live by in our communities every day."
You can read more about the philanthropy that the pork producers in the U.S. participate in, by clicking or tapping here.
Oklahoma Cattlemen's Association 67th Annual Convention & Trade Show Returns to Norman - July 19 and 20
Coming up about a month from now, the Oklahoma Cattlemen's Association will host the 2019 edition of its State Convention and Trade Show. This two-day event, entitled Building Momentum, will return to the Embassy Suites in Norman on Friday and Saturday July 19 and 20. We sat down recently with OCA Executive Vice President Michael Kelsey to discuss all that is on tap this year for members in attendance.
In addition to another great trade show, which this year features a new Learning Lounge for brief but intensive informational sessions, the convention will also offer attendees a chance to take advantage of several production-oriented learning sessions during the Cattlemen's College series that will take place throughout the event. Plus, members will also hear from OCA's leadership and working task forces for updates on initiatives such as a Voluntary Labelling program - plus all the accomplishments made this year during the 2019 Oklahoma Legislative Session. Any new business or ideas members have in regard to policy is encouraged to be presented at convention as well.
Several guests of honor have been invited to join members at this year's convention, including Lt. Governor Matt Pinnell who has been recruited to emcee the annual Awards Banquet.
"We're really excited. The convention is a great time for cattle producers across the state to come together, socialize, network and also," Kelsey said, "talk about important things that are going on within our industry."
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. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
New CoBank Report Indicates US Poultry Sector Well Positioned to Withstand Profitability Pressure
The U.S. chicken industry has experienced an unprecedented run of historic profitability since 2012 and the industry responded by significantly increasing production and processing capacity. There are six new processing plants expected to be operating by 2020.
According to the new report from CoBank's Knowledge Exchange Division, profitability across the poultry sector is now under pressure as meat prices decline amidst growing supplies, recalling memories of the last major downturn a decade ago.
Will Sawyer, lead economist for animal protein at CoBank, said lessons learned from the downturn 10 years ago helped make changes and strengthened the industry and made it more resilient to a market slide.
You can read more about the recent report about the poultry industry from CoBank, by clicking over to our website.
OSU's Glenn Selk Talks About Scheduling "Preg" Check for Replacement Heifers Now
In this week's issue of "Cow Calf Corner" Dr. Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, talks about the need to schedule your "preg" checks for your replacement heifers.
Selk says that you should set it up to have your replacement heifers checked about 60 days after you remove the bulls. Experienced palpaters should have no difficulty identifying which heifers are pregnant and which heifers are open.
Identifying which heifers are open early does many things for your management of your herd, he said. It will remove sub-fertile females, reduce your summer forage and winter costs and allow for marketing the heifers while still young enough to go to a feedlot.
You can read more about the benefits of "preg" checking your heifers soon, by clicking or tapping here.
Oklahoma Senator James Lankford Questions Trade Ambassador Lighthizer About Ag Provisions of USMCA
Oklahoma Senator James Lankford questioned US Trade Representative (USTR) Robert Lighthizer in a Senate Finance Committee hearing on Tuesday about the updates and improvements planned for North American trade as we move from the North American Free Trade Agreement (NAFTA) to the US Mexico-Canada Agreement (USMCA).
Specifically as it relates to the USMCA and agriculture-
Lankford: So let me ask this: because NAFTA has worked pretty well on ag in particular, what does USMCA benefit the ag community on that's different than NAFTA? That's a greater benefit, just give me one or two examples.
Lighthizer: Well, one would be in the wheat area. We corrected the bad wheat labeling there. Number 2, they have up in Canada they have what's called Class 7 and Class 6. They've had a devastating effect on our dairy provisions, and I would say what was I most lobbied on by Members before we fixed it.
Click or tap here to see the Q&A that Senator Lankford had with the Ambassador on Tuesday.
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