Anxiety over high interest rates leads to 4 days of declining crude oil prices

From staff reports Crude oil prices dropped nearly 1% four days last week on word that lowered U.S. interest rates will remain longer than many had hoped. Oklahoma energy stocks had also fallen.

Farm Bureau remarks on House Farm Bill markup

From staff reports Zippy Duvall, president of the American Farm Bureau Federation, recently commented on the House Agriculture Committee’s markup and passage of the Farm, Food and National Security Act.“AFBF appreciates the leadership of Chairman (G.T.

Pork producers a step closer as bipartisan solution for Prop. 12 clears Ag Committee

From staff reports The National Pork Producers Council announced the U.S. House Agriculture Committee’s passage of their 2024 Farm Bill, supporting all of producer’s farm bill requests, including a federal fix to the Proposition 12 issues plaguing producers and consumers.

Oklahoma averages 0.85 inches of rain in mid-May

From staff reports Rainfall totals in Oklahoma averaged 0.85 inches for the week of May 13-19, according to the U.S. Department of Agriculture’s National Agricultural Statistics Service.The May 14 U.S.

ICBA issues statement as Farm Bill passes House Ag Committee

From staff reports Independent Community Bankers of America President and CEO Rebeca Romero Rainey last week congratulated the House Agriculture Committee on passing the Farm Bill, House Resolution 8467, on a 33-21 bipartisan vote.

Harvest Makes Progress in Southern Oklahoma

From staff reports Oklahoma wheat harvest made good strides the last few days in parts of Southwest, Oklahoma. Producers as far North in the Okarche and Reeding area also were able to start earlier in the week before rains delayed progress on Wednesday morning.

Stable cattle markets predicted in coming weeks

From staff reports Bob Rodenberger, president of Stockman Oklahoma Livestock Marketing, gave his latest take on the cattle markets, emphasizing that producers are now producing more meat with less cat tle. While sales have slowed, he said there is still demand for beef products.

Anderson advises staggering wheat sales during June to August period

From staff report STILLWATER — Kim Anderson, grain market economist with Oklahoma State University Extension Office, gave his weekly update on the grain market.“Out here, the farmers and ranchers are learning about raising wheat,” he said.

Low-interest loans offered to producers affected by recent natural disasters

From staff reports The U.S. Department of Agriculture has announced the availability of low-interest physical loss loans through the Farm Service Agency which can help producers repair or replace damaged or destroyed physical property essential for farming, including livestock losses.