invite you to listen to us on great radio stations
across the region on the Radio Oklahoma Network
weekdays- if you missed this morning's Farm News - or
you are in an area where you can't hear it- click
here for this morning's Farm news
from Ron Hays on RON.
Check the Markets!
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
have a new market feature on a daily basis-
each afternoon we are posting a recap of that day's
markets as analyzed by Justin Lewis of KIS
here for the report posted yesterday afternoon
around 3:30 PM.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Cash price for canola was
$9.74 per bushel- based on delivery to the Northern AG
elevator in Yukon yesterday. The full listing of cash
canola bids at country points in Oklahoma can now be
found in the daily Oklahoma Cash Grain report- linked
Daily Market Wrapup from the Radio
Oklahoma Network with Leslie Smith and Tom Leffler-
analyzing the Futures Markets from the previous Day.
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
cattle markets at mid-year: 2014 vs.
S. Peel, Oklahoma State University
Extension Livestock Marketing Specialist, writes
in the latest Cow/Calf Corner
We are approaching
mid-year with feeder cattle prices at historic
levels and showing little sign of slowing down.
The question of what to expect in the second half
of the year is on many minds. So far, 2014 has
been in sharp contrast to the first half of 2013.
About a year ago, feeder prices bottomed
counter-seasonally in late May/early June. Feeder
prices today are 50 percent or more above this
time last year. Fed prices are currently about 24
percent higher than one year ago and Choice boxed
beef is roughly 15 percent above the $200/cwt.
level that it first achieved one year ago. It was
just about a year ago, that feeder prices began
the increases that have continued to
Many factors are quite different
between the first half of 2014 compared to the
first half of 2013. Most notably, perhaps, is the
change in feed prices. In the spring of 2013, with
feedlot cost of gain at record levels, feedlots
could begin to see the prospects for a dramatic
change in corn prices with the coming 2013 crop.
Feedlot losses were severe enough that some
feedlots essentially stepped out of the feeder
market in the period from February until May,
allowing feedlot inventories to drop until late
summer and fall and thus softening feeder demand.
At the same time, cow herd liquidation was still
underway, supporting feeder supplies and limiting
the decrease in beef production. Through May of
2013, cattle slaughter was down less than one
percent and beef production for the year to date
was even with 2012 levels. Heifer slaughter was
down 3.8 percent year over year while beef cow
slaughter was up 3.1 percent and dairy cow
slaughter was up 4.1 percent at that point in the
year. Continued drought and extremely tight hay
supplies forced abandonment of heifer retention
and resulted in more herd liquidation through
Click Here to read more
from Dr. Derrell Peel.
new sponsor for 2014 for our daily email is a long
time supporter and advertiser as heard on the
Radio Oklahoma Ag Network- Stillwater
Milling. At the heart of the
Stillwater Milling business are A&M Feeds- and
for almost a century Stillwater Milling has been
providing ranchers with a high quality feed at the
lowest achievable price consistent with high
quality ingredients. A&M Feed can be found at
dealers in Oklahoma, Arkansas, Kansas and Texas.
Click here to learn more about
Farm Shows is our longest running sponsor
of the daily email- and they say thanks to all of
you who participated in this spring's 2014
Oklahoma City Farm Show.
Previously known as the Southern Plains Farm Show,
the name change now more clearly communicates the
show's location, and also signifies the plans for
a long term partnership with the community and
State Fair Park, a world-class event site.
Up next will be the Tulsa Farm
Show December 11-13, 2014. Click here for the Tulsa Farm Show
website for more details about this tremendous
show at the River Spirit Expo Square in Tulsa. Now
is the ideal time to contact Ron
Bormaster at 507-437-7969 and book space
at the premier farm show in Green Country-the
Beef Values Moving Higher
daily spot choice box beef cutout ended the week
last Friday at 231.87 which was 1.00 higher than
the previous week. There were 869 loads sold for
the week in the daily box beef cutout, which was
about 12 percent of the total
The comprehensive or weekly
average choice cutout which includes all types of
sales was 229.55 which was only 23 cents lower.
The total reported box beef volume was
7,281 loads which was 155 loads higher than the
previous week and two weeks in a row above 7,000.
The total sales continued to improve as retailers
purchased product to refill shelves after Father's
day, which would mean they had pretty good sales
for this big grilling weekend.
were really good at 1,082 loads which were 348
loads more than last week. The formula trade was
at 3,622 loads which was about 50 percent of the
total loads sold and 82 loads more than last week
as retailers bought product to restock
Click Here to read more of
the weekly box beef report or to listen to the
update from Ed Czerwien, USDA
Willing to Pay a Lot More for Most Protein Items
in OSU Food Demand Survey
consumers were willing to pay a lot more by
mid-June for beef, pork and chicken products
compared to what they were willing to pay in
mid-May, according to Oklahoma State
University's Food Demand Survey. The
largest absolute monthly increase was for steak
($1.17 increase), and the largest monthly
percentage increase was for chicken wings at an
almost 36% increase. Consumers say they are
willing to spend $7.52 a pound for steak, up from
$6.35 just one month ago.
Survey showed that consumers were willing to pay
$4.50 a pound for ground beef, $4.14 a pound for
pork and $5.35 a pound for a chicken
Survey respondents indicated
they expect beef prices to continue to rise
compared to the previous month and a year ago,
while they expect pork and chicken prices to
remain similar to last month, but higher than a
Click Here to read a
summary of this study.
the weekly crop progress report, harvest of
Oklahoma's wheat and canola is
running ahead of a year ago. Wheat harvest is
slightly trailing the five year average. The US
Department of Agriculture reports forty-seven
percent of the state's wheat crop has been
harvested and seventy percent of the state's
canola crop has been harvested.
conditions are rating in mostly fair condition
with 80 percent of first cutting of alfalfa
complete. Pasture and range conditions are rating
mostly in good to fair condition.
recent rains, spring seeded crop are off to a good
start. Corn conditions rated eighty-one percent
good to fair. Sorghum, peanuts, cotton, and
soybeans all rated in the high nineties for good
to fair condition. Click Here for the full Oklahoma
wheat harvest continues across much of
Texas. Much needed rainfall
delayed harvest in area, but it was too late for
the dry land crop. Forty percent of the state's
wheat crop has been harvested. Click Here for the full Texas
showers and cooler conditions are improving soil
moisture and pasture conditions in
Kansas. The moisture is delaying
the start to wheat harvest and halted the
remaining planting activities. Two percent of the
state's wheat crop has been harvested. Fifty
percent of the corn crop is rating in good to
excellent condition. Click Here for the full Kansas
Corn and Soybean Crop Continues to Look Even
nation's corn crop is continuing to improve after
a strong start to the growing season. In the
weekly crop progress report, 17 percent of the US
crop is in excellent condition, two points better
than last week, 59 percent good, 20 percent fair
and four percent poor to very poor. Ninety seven
percent of the crop has emerged. Soybeans look to
be off to a great start with 13 percent in
excellent condition, 60 percent good, 23 percent
fair and four percent poor to very poor.
winter wheat harvest is running slightly behind
with 16 percent of the crop harvested. Condition
of the winter wheat crop is holding steady with 5
percent in excellent condition, 25 in good, 26 in
fair and 44 percent in poor to very poor. The
nation's spring wheat crop is rating slightly
better than 2013 with 10 percent in excellent, 62
percent in good, 24 in fair and four percent in
poor to very poor.
and range conditions are better than a year ago
with nine percent in excellent condition, 45 in
good condition, 29 in fair and 17 percent in poor
to very poor.
read the full national crop progress report Click Here.
America Stresses Importance of Pollinator Research
America (CLA) recognizes National
Pollinator Week (June 16-22, 2014), reinforces the
importance of pollinators in U.S. agriculture and
stresses the need for practical research on
improving pollinator health, particularly
including the influence and responsible management
of the Varroa mite.
around pollinator health continue at the
regulatory level, it is critical that we focus on
finding workable solutions," said Jay Vroom,
president and CEO of CLA. "Many in the beekeeping
and scientific community have confirmed that the
Varroa mite is the most harmful pest to honey
bees. CLA hopes to see more research conducted on
the Varroa mite, as well as potential tactics that
incorporate the use of specialized crop protection
products. Miticides that are responsibly applied
in bee colonies offer a potential solution for
controlling mites without harming honey
Earlier this year the U.S.
Department of Agriculture (USDA) and U.S.
Environmental Protection Agency (EPA) hosted a
summit dedicated to discussing the impacts of the
Varroa mite on the health of honey bees. Various
stakeholders shared knowledge and perspectives
surrounding the Varroa mite, reviewed research and
recommended future research priorities to improve
management and mitigation tactics.
Click Here for more
information on pollinators.
is complete for the 2014 No-till on Plains
Bus Tour. This year's tour is August 5-8
and heads south through Kansas and Oklahoma. Nine
stops are planned over four days at producer farms
using continuous no-till, cover crops and
livestock integration. Registration is open and 54
spots are available. "We are excited about heading
south this year into Oklahoma," says Ryan Speer,
President of No-till on the Plains. Speers'
operation, Jacobs Farms, near Halstead, Kansas
will be the first farm stop.
will originate in Salina, KS and travel to Jacobs
Farms, then head south into Oklahoma. Farm stops
in Oklahoma include Randy Lanie farms near
Manchester, Marty Williams farms near Red Rock,
Matt Alig's farms near Kingfisher, Jimmy Kinder's
farm near Walters, and Alan Mindemann's farm near
Apache. Stops are also planned at Oklahoma State
University's cover crop plots near Stillwater and
the Samuel Roberts Noble Foundation in Ardmore.
Click Here for more details and
how to register for the No Till Tour.
lot of folks in the US Cattle Industry are fed up
with the Chipolte Mexican Grill folks for a
variety of reasons- including their recent
announcement that they want to bring in Australian
beef because they cannot source enough
"responsibly raised" beef here in the US. If you
have graduated from the MBA program, you likely
received a "call to action" on this subject.
More on that later.
this morning- we wanted to showcase the Ag
Commissioner in Texas- Todd
Staples- who is calling out Chipolte for
this latest grandstanding about the beef they
buy. Staples calls Chipolte less than
responsible as they consider hauling Aussie beef
8,000 miles to sell it in their stores.
has written a letter- inviting Steve
Ells to come to Texas and talk with he
and Texas Beef Industry leaders about sourcing
high quality American beef.
also is urging consumers to speak up- "I encourage
Chipotle diners to push Mr. Ells to work with us
so they can enjoy fresh, healthy American
Click here for our story on the
call by Todd Staples- we have his letter linked in
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