Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Tuesday, November 23, 2021
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Here is your daily Oklahoma farm and ranch news update.
- All American Beef Battalion Fundraiser a Success Ahead of Holidays- $56,000 Raised!
- 2022 Cattle Market Forecasts Point to Higher Prices and Higher Break-Evens
- Lt Governor Matt Pinnell Excited that the Oklahoma Standard is Alive and Well
- November Cattle Market Update with OSU's Derrell Peel
- Latest Crop Progress Report Shows Oklahoma Wheat is 96% Planted, 90% Emerged
- Pat Westhoff with FAPRI Offers 2022 Outlook for US Crops and Livestock
- Frank Lucas Says Re-Establishing WOTUS Definition Dismantles Clarity, Certainty, and Common Sense
- Check Our Auction Markets in the Lower Part of the Email- Oklahoma National and Joplin Both Sharply Higher
- USDA Issuing $270 Million in Pandemic Assistance to Contract Producers
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All American Beef Battalion Fundraiser a Success Ahead of Holidays |
Over the last decade, the National Livestock Companies, in partnership with Oklahoma National Stockyards and the Oklahoma City Livestock Exchange, host a fundraiser for the All American Beef Battalion. After the COVID-19 Pandemic prevented the fundraiser from happening last year, everyone was eager to make it happen this year.
This year is the 10th anniversary of the partnership fundraiser at the Oklahoma National Stockyards. Jon Fort, senior vice chairman of the AABB, told us about Monday’s event.
“This is one of our major fundraisers,” Fort said. “We will finish up this year with about 425,000 (military members) fed.”
The fund-raising event was held Monday, Nov. 22, 2021, as the Stockyards paused the regular Monday sale. The highlight of the fundraiser was bidding on a steer donated by 3C Cattle Feeders and the Clyde Runyan family of Mill Creek, Okla. The steer was bought and sold several times; each time, funds went to AABB. This year’s event raised more than $56,000.
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National Livestock was founded in 1932 in Oklahoma City. National’s Marketing Division offers cattle for sale weekly at the Oklahoma National Stockyards in Oklahoma City. The Finance Division lends money to ranchers across several states for cattle production. The Grazing Division works with producers to place cattle for grazing on wheat or grass pastures.
National also owns and operates other livestock marketing subsidiaries including Southern Oklahoma Livestock Auction in Ada, Oklahoma, OKC West Livestock Market in El Reno, Oklahoma, and the nation’s premier livestock video sale, Superior Livestock Auction. National offers customers many services custom made for today’s producer.
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2022 Cattle Market Forecasts Point to Higher Prices and Higher Break-Evens |
In the last few trading days, leverage seems to be back on the side of cattle producers. A few weeks ago, Don Close, senior vice president for food and ag research, animal protein at Rabo AgriFinance, spoke us about the shift.
“The market is finally on a much better foundation for where we will be for the remainder of the year,” Close said. “I think the real positive component is setting the stage for the price outlook that we have for 2022.”
As supply and demand continue to equalize, profit from 2021’s explosive beef demand will finally begin to trickle down to producers, according to Close. He said the market should follow this trend, developing into a strong market throughout 2022.
“Our forecast for 2022 is an annual average price of $140 - I still think that is really aggressive,” Close said. “If we are going to see an annual average of $140, when we get to that spring high (in 2022) we are going to need to see that then if we are going to be on our (projected) average.”
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Lt. Governor Matt Pinnell Excited that the Oklahoma Standard is Alive and Well |
Oklahoma Lieutenant Governor Matt Pinnell made a stop at the Oklahoma National Stockyards on Monday afternoon to watch the All American Beef Battalion benefit auction as a calf was sold multiple times to raise money.
Pinnell told us he was so impressed with how the beef cattle producers, Stockyards firms and other ag industry interests came together in such a strong show of support for our men and women who are a part of the U.S. military, raising thousands of dollars to buy steaks for troops.
"Oklahoma wants to lead the way in supporting our troops," Pinnell said. "Every state talks about it - we actually live it out each and every day. The Oklahoma standard is real."
The Lt. Governor also talked about several key issues for rural Oklahoma, including going after federal dollars for rural broadband.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a daily report heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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November Cattle Market Update with OSU's Derrell Peel |
Weekly, Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel offers his expertise in the cattle industry. This is a part of the weekly series known as the "Cow-Calf Corner" published electronically by Paul Beck. Today, Peel talks about November cattle markets.
The November USDA-NASS Cattle on Feed report was well anticipated and should not cause big surprises in the market. Feedlot placements in October were 2.245 million head, 102.4% of last year. Marketings in October were 1.788 million head, 95.5% of one year ago. There was one less business day in October 2021 compared to last year, so average daily marketings were equal to last year. The Nov. 1 on-feed total was 11.948 million head, 99.8% of last year. Though the Nov. feedlot inventory was only fractionally lower than last year, it does make the fifth consecutive month of year over year declines in feedlot totals.
In general, cattle prices are higher now compared to last year and are expected to continue improving in 2022. Live and Feeder futures have priced in considerable optimism for 2022. However, plenty of challenges remain for cattle producers with continued drought, higher input prices, supply chain disruptions and considerable short-term macroeconomic uncertainty. It will still be a bumpy ride, but producers can focus more on managing costs with cattle prices generally moving higher.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
The Oklahoma Cotton Council is proud to serve the cotton producers and those who are a part of the cotton industry in Oklahoma- promoting and protecting their interests. In Recent Years- cotton acreage has grown in Oklahoma- and today we are the third largest Cotton State in the US- based on Acres Planted.
The Oklahoma Cotton Council works for the cotton farmer in the areas of research, advocacy and education. Follow the Oklahoma Cotton Council on Facebook.
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Latest Crop Progress Report Shows Oklahoma Wheat is 96% Planted, 90% Emerged |
According to the Oklahoma Crop Progress and Condition report, the state’s winter wheat crop condition is 55% good to excellent, 32% fair and 13% poor to very poor. At this time, Oklahoma’s winter wheat crop is 96% planted, 4 points behind this time last year and 2 points behind the five-year average. Oklahoma winter wheat is 90% emerged, 1 point behind this time last year and on track with the five-year average.
Oklahoma grain sorghum crop condition is 37% good to excellent, 25% fair and 38% poor to very poor. Grain sorghum harvested is at 93%.
Oklahoma soybean crop condition is at 52% good to excellent, 31% fair and 17% poor to very poor. Soybeans harvested is 80%.
Oklahoma cotton crop condition is 68% good to excellent, 24% fair and 8% poor to very poor. Cotton harvested is at 74%.
Pasture and range condition is 31% good to excellent, 44% fair and 25% poor to very poor.
USDA’s weekly Crop Progress report, Monday, shows the nation’s winter wheat crop condition is 44% good to excellent, 34% fair and 22% poor to very poor. The nation’s winter wheat crop is 96% planted, 2 points behind this time last year and 1 point behind the five-year average. 86% of U.S. winter wheat has emerged, 2 points behind this time last year and 1 point behind the five-year average.
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Pat Westhoff with FAPRI Offers 2022 Outlook for US Crops and Livestock |
Strong demand from China, smaller supplies and other factors have resulted in higher prices for many agricultural commodities. Projected prices for corn, soybeans, hogs and several other commodities moderate in the years ahead, while cattle prices increase.
That is according to the outlook economists from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released in the fall update to its annual U.S. Baseline Outlook provided each spring.
“COVID-19 has had major market impacts, but this update assumes no new large-scale disruptions due to the pandemic,” Pat Westhoff, director of FAPRI, said. “Recent and expected expansion in renewable diesel capacity and production has contributed to a large increase in soybean oil prices. This is partly in response to California’s low-carbon fuel standard. This also supports soybean prices but puts downward pressure on prices for soybean meal.”
Strong demand in both export and domestic markets has pushed meat prices higher in 2021, even though production of beef, pork and chicken is at or near record levels. Westhoff believes that higher feed costs are likely to contribute to slower meat production growth in 2022 and subsequent years.
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Frank Lucas Says Re-Establishing WOTUS Definition Dismantles Clarity, Certainty, and Common Sense |
Last week, the U.S. Environmental Protection Agency (EPA) and the U.S. Department of the Army announced a proposed rule to re-establish the pre-2015 definition of “waters of the United States” (WOTUS). Congressman Frank Lucas (OK-03) released the following statement in response to the Biden Administration’s announcement:
“Although today’s EPA action avoids returning to the disastrous overreach of the 2015 Obama Rule, it does dismantle the clarity, certainty, and common sense understanding that came with the Trump Administration’s Navigable Waters Protection Rule,” Lucas said. “As President Biden moves forward with an attempt to revise the definition of Waters of the United States, I implore his Administration to avoid tying the hands of our nation’s farmers and landowners by subjecting them to unprecedented federal overreach. The farmers, ranchers, small business owners, and landowners of Oklahoma deserve a streamlined rule that allows them to continue their stewardship of the environment and economic growth.”
In 2015, the Obama Administration’s WOTUS Rule significantly expanded the definition of "waters of the United States" and gave the federal government authority to regulate almost any waters; including streams, ditches, ponds, and creeks.
In 2020, the Navigable Waters Protection Rule (NWPR), finalized by the Trump Administration, revised the definition of WOTUS and reversed this overreach, bringing back a balance between federal and state jurisdiction under the Clean Water Act.
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USDA Issuing $270 Million in Pandemic Assistance to Contract Producers |
The USDA has begun issuing roughly $270 million in pandemic assistance payments to eligible contract producers of livestock and poultry who applied for help. Earlier this year, the Farm Service Agency identified gaps in assistance. USDA then released an improved program for contract producers to help fill those gaps.
“We listened to feedback from producers and stakeholders about impacts across livestock and poultry operations and made updates to be more equitable in the assistance we’ve delivered,” says FSA Administrator Zach Ducheneaux. “Filling these gaps and not letting underserved producers slip through the cracks is a common theme throughout our approach under our Pandemic Assistance for Producers Initiative.”
The Consolidated Appropriations Act of 2021 provided funding for payments to contract producers of eligible livestock and poultry for revenue losses from January 1, 2020, through December 27 of this year. Contract producers of broilers, pullets, chicken eggs, turkeys, and many other types of livestock and poultry were eligible.
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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.
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Today's First Look:
Ron on RON Markets as heard on K101
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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Wholesale Boxed Beef Prices continue to go higher. Choice Beef was up 84 cents. On the other hand, Select Beef was down 10 cents on Monday 11/22/2021.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 10,000 head on Monday of Thanksgiving week...
Compared to last week: Feeder steers steady to 4.00-10.00 higher. Feeder heifers steady to 4.00 higher. Demand moderate to good for feeder cattle. Steer calves 2.00-6.00 higher. Heifer calves 4.00-10.00 higher. Demand very good for calves. Quality average to attractive. Weather remains fairly mild for the season and wheat pasture in good shape for grazing cattle. Slaughter cattle prices improved once again last week and this helping demand for feeder cattle.
Today's sale included a benefit for the All American Beef Battalion. This organization raises funds to feed steak dinners to our service members and their families. Since it's beginning in 2008 they have fed over 400,000 steaks. This year's benefit raised over $56,000 for this project.
Click below for the complete closing report.
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The Joplin Regional Stockyards had a total run of 12,811 head of cattle to sell on November 22nd.
Compared to last week feeder steers traded 3.00-7.00 higher. Feeder heifers traded 3.00-5.00 higher. The offering consisted of several thousand high quality cattle. Perfect Fall weather along with the Yearling Special sale drew a large number of buyers and sellers. Demand was very good for high quality heifers. Overall demand was good on a heavy supply.
Click on the button below for details of the trade as compiled by the USDA Market News Service.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Pam Arterburn, Calendar and Template Manager
Chelsea Stanfield, Farm News and Email Editor
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is the main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week, bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
KC Sheperd talks with Jed Green, the founder of the group ORCA- Oklahomans for Responsible Cannabis Action. They discuss the problems that have developed in rural Oklahoma because of the explosive growth of medical marijuana production in the state- and of the need for better regulation of the industry- as well as recognition of the economic benefits Green believes are a part of the arrival of this industry- especially in areas where legal operations are being established.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this podcast, you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, 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!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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