We 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 Carson Horn on RON.
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.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Okla Cash Grain:
Futures Wrap:
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Tuesday, September 3, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
New Podcast Series Kicks Off Wednesday- Our First Guest- Governor Kevin Stitt
We have been planning for some time a new Podcast series- and the day has finally arrived that we can share with you details of this exciting new series called
The Road to Rural Prosperity.
As we brainstormed about a name for the series back in the spring- we agreed that our goal was to showcase excellence in Oklahoma- and to spotlight those individuals who have unique talents and gifts to help make that excellence a reality.
Our team was very impressed with the conversation that has sprung up in Oklahoma about making
our state a Top Ten state in every way imaginable
Of course- that came out of the successful campaign in 2018 of Governor Kevin Stitt- and so as we got the framework together- it was clear that we needed the man who started all this Top Ten talk to be our very first guest- and so that is who
you will have a chance to hear when we kick off our Podcast series tomorrow.
I had the opportunity to sit down with the Governor and talk policy- but we also talked about what really went thru his mind as this businessman who was not a politician wanted to offer himself to the citizens of Oklahoma as a person who could run state government
better- and ultimately improve the lives of those citizens and show the rest of the country and the world that Oklahoma is a TOP TEN destination for whatever it might be.
More details about the conversation tomorrow in this email- and we will give you the link to where you can go and listen on demand.
The Road to Rural Prosperity is being set up as it's own brand-
click or tap here for the website that will have our Podcasts as we release them in the weeks ahead- and you can also
click or tap here for our Facebook page of the same name that will offer you come great information- and a chance to offer your feedback and comments on the conversations we have each week.
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Sponsor Spotlight
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2019 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2019- the dates are December 12th, 13th, and 14th.
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2019 Tulsa Farm Show. To learn more about the Tulsa Farm Show,
click
here.
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On Wednesday, U.S. Agriculture Secretary Sonny Perdue issued an investigation into the possible cattle and beef market collusion following the recent Tyson Foods slaughterhouse fire in Holcomb, Kansas.
Scott Blubaugh, AFR/OFU Cooperative President, said he applauds Secretary Perdue for stepping up and taking immediate action on behalf of both ranchers and consumers.
"Thank you Secretary Perdue for your quick response to the possible unfair market manipulations," Blubaugh said.
Blubaugh said he is pleased the Secretary of Agriculture is using his authority within the Packers and Stockyards Act.
In 1917, President Woodrow Wilson ordered an investigation into the entire food system after public outcry from American farmers and the suspicion of market manipulation from the five largest meat packers during that time. As a result,
the investigation confirmed the five packers were indeed manipulating the market and defrauding consumers and farmers, and the P&S Act was made into a law in 1921.
Today, 102 years after President Wilson called for the investigation, Blubaugh said four companies now control 84 percent of the beef market, making an unfair fight for cattle producers and consumers.
Click
or tap here to read more from Blubaugh regarding his thoughts on Secretary Perdue's investigation.
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The National Corn Growers Association today
submitted comments to the Environmental Protection Agency (EPA) on the proposed 2020 renewable volume obligations (RVOs) under the Renewable Fuel Standard (RFS).
While NCGA appreciates EPA's 15 billion gallon proposal for conventional biofuel, these proposed volumes are meaningless by failing to account for issued refinery waivers, which EPA significantly expanded during this Administration.
"NCGA has no confidence in the volumes EPA proposes for 2020. These refinery waivers have significantly outpaced annual increases in RFS volume requirements, taking RFS volume requirements backward," NCGA President Lynn Chrisp wrote in the
organization's comments to EPA.
Growth Energy, the nation's largest ethanol association, today
called on the Environmental Protection Agency (EPA) to restore biofuel demand lost to oil industry handouts in comments on the agency's final 2020 Renewable Volume Obligations (RVO). Due by November 30, the RVOs will determine next year's biofuel targets
under the Renewable Fuel Standard (RFS).
"The president made a 'giant' promise on ethanol, but rural communities cannot afford to wait any longer," said Emily Skor, CEO of Growth Energy. "More biofuel plants are closing their doors with each passing week, and farm families have
run out of options. The EPA must take immediate action to restore lost demand under the 2020 biofuel targets and repair the damage from abusive refinery exemptions granted to oil giants like Exxon and Chevron."
In written comments to the EPA, Growth Energy noted that the EPA's secretive exemption process violates the letter and spirit of the RFS, which Congress adopted to promote growth in U.S. biofuel production.
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Given the current uncertainty regarding the 2019/2020 crop year corn supply, NCC in comments submitted today to the Environmental Protection Agency (EPA), said the proposed volume for 2020, coupled with the recent waiver
that will increase the use of E15, is overly aggressive, overly reliant on corn-based ethanol, and will likely cause disruptions to the nation's feed supply.
"The proposed volumes, especially conventional ethanol, should be reduced in the final rule to more accurately reflect the availability of feedstock and the usage rate of biofuels," said NCC President Mike Brown.
Since 2007 under the Renewable Fuel Standard (RFS), broiler producers have faced $68.5 billion in higher feed costs for the production of broiler meat. When breeders and pullets are factored in, the cost is dramatically higher. As corn users, therefore,
NCC's members are substantially impacted by the RFS and its impacts on the corn market and feed supply.
You can read more from NCC's comments toward the EPA,
by clicking or tapping here.
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Sponsor Spotlight
At AFR Insurance we are proud to have served Oklahomans and their communities for over 100 years. We know that insurance is more than
talking about being there for you, it is about actually being there for you. We are here to give you a peace of mind by offering you the best insurance products at an affordable price. AFR Insurance offers auto, home, farm and life
insurance to all generations, from young to old, we are here for you day in and day out.
Price. Protection. Peace of Mind. That's AFR Insurance.
Visit
www.afrmic.com today to find your local agent and get a quick quote today!
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Merchandisers and end users in the eastern Corn Belt bid up cash corn to levels rarely seen
Grain elevators and end users are navigating heightened market volatility caused by uncertainty over the size of this fall's corn harvest. After U.S. corn farmers suffered historic planting delays from nonstop rains this spring, the crop is late in maturing,
especially in states across the eastern Corn Belt. Those delays could lead to major losses in crop production this fall and raise the stakes for grain merchandisers as well as ethanol producers and livestock feeders, according to a new report from CoBank's
Knowledge Exchange division.
"Volatility in corn basis and carry in the futures market has plagued the market since spring, raising concerns over grain elevators' ability to acquire bushels and profit on this fall's corn harvest," said
Tanner Ehmke, manager of CoBank's Knowledge Exchange.
The biggest corn planting delays occurred in Illinois, Indiana, Michigan, North Dakota, Ohio, South Dakota and Wisconsin. Based on the most recent weekly crop development data, the eastern Corn Belt continues to struggle with the greatest delays in crop
development, which has been a constant concern throughout the growing season. Late development raises fears that freezing temperatures may kill crops before they can be harvested.
Uncertainty over corn availability this fall has injected fear and volatility into the market, complicating forecasts on profitability for grain elevators. Through May and June, basis in central Ohio rallied 25 cents to the highest level in five years
before plunging nearly 50 cents by mid-August.
You can read more from CoBank regarding the volatility of the corn market,
by jumping over to our website.
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During the 2019 National Cattlemen's Beef Association and Cattle Industry Summer Business Meeting held in Denver recently,
Colin Woodall, lead lobbyist for NCBA in its DC office, briefed members on what is happening in DC right now at USDA regarding the GIPSA rule. Woodall admits that the mere mention of GIPSA might come as a surprise to people as Secretary Sonny
Perdue killed the Obama-era rule upon taking office. However, he explains that Perdue's decision was ultimately overturned by the Department of Justice, which insisted USDA go through the rulemaking process to change the rule's effectiveness after the Organization
for Competitive Markets sued the USDA over the matter. In an interview, Woodall explained where that process is and what action is being taken to ensure the ineffectual rule causes no further hinderances to livestock producers. Today's Beef Buzz is a "best
of" program from earlier this month- as the industry continues to wait on the USDA and their work on GIPSA.
"We have given USDA some options of how they can make it better and actually make it something the livestock industry - particularly pork and beef - can live with," he said. "When you look at the Packers & Stockyards Act, it was meant to protect the marketplace
- not necessarily the individual. There have been eight US Circuit Courts of Appeal that have passed rulings that support that. If this rule can use that in some shape, form or fashion, then it could be a rule that we would like and it be very helpful."
However, Woodall says if the rule turns out to be just a mirror of the rule that stemmed from the 2008 Farm Bill and enacted by the Obama Administration, then he says there will ultimately be some problems that NCBA is prepared to fight over. At present,
Woodall says the USDA has already submitted a proposal to the White House's Office of Management & Budget where it is being evaluated by the Administration to determine if the proposal fits its mandate or not and give direction on how the USDA should proceed.
In the meantime, Woodall and the NCBA are arguing that to improve the rule - it simply needs proper funding as opposed to more regulatory framework.
You can listen to the entire conversation between Woodall and I on Friday's Beef Buzz -
here.
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Derrell Peel Updates Us on Life After the Holcomb Fire in the Cattle
and Beef Markets
Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published
electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel talks about life in the cattle business after the fire out in Holcomb, Kansas and how cattle slaughter and beef prices have changed since early August.
"Cattle and beef markets continue to recover from the disruptions resulting from the Tyson packing plant fire in Finney County, Kansas on August 9. Data is slowly becoming available to provide more clarity to the aftermath of the fire and, in some cases,
clear up some initial misperceptions. Lots of scrutiny and suspicions are being directed at cattle and beef markets.
"Actual slaughter data is available from the Agricultural Marketing Service with a two week lag. Thus, on August 29, data became available to compare the pre- and post-fire impact on cattle slaughter. Monday through Friday slaughter following the fire
was down 22,158 head, 4.6 percent lower than the week before the fire. This reduction is close to the estimated capacity of the closed plant. However, by Saturday the industry was able to increase steer and heifer slaughter by 21,156 head compared to the previous
week. This resulted in a net slaughter decrease of 1,002 head the week after the fire.
"Numerous early media reports indicated that estimated slaughter the week after the fire was up by 9,000 head. This was incorrect largely because it included a large estimated increase in cow and bull slaughter and also because it was based on daily slaughter
estimates. Actual slaughter data for the second week after the fire will be available later this week. The estimates currently available suggest that total steer and heifer slaughter two weeks after the fire may be up slightly compared to the week before the
fire."
Read more of the Peel Analysis by
clicking or tapping here as he looks at the knee-jerk reaction in the markets to the fire and how things are starting to sort themselves out.
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Our thanks to Midwest
Farms Shows, P
& K Equipment, AFR
Insurance, Oklahoma
Farm Bureau, Stillwater
Milling Company, National
Livestock Credit Corporation, Oklahoma
Beef Council, Oklahoma
AgCredit, 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.
God Bless! You can reach us at the following:
phone: 405-473-6144
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