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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.
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for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, September 13, 2019
| Featured Story:
Final Repeal of 2015 WOTUS Signed by EPA and Army Corps- Paving the Way for New Rule on Waters of the US
At an event in Washington, D.C., U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler and Department of the Army Assistant Secretary of the Army for Civil Works R.D. James announced that the agencies are repealing a 2015 rule that impermissibly expanded the definition of "waters of the United States" (WOTUS) under the Clean Water Act. The agencies are also recodifying the longstanding and familiar regulatory text that existed prior to the 2015 Rule- ending a regulatory patchwork that required implementing two competing Clean Water Act regulations, which has created regulatory uncertainty across the United States.
The rule announced yesterday is the first step- Step 1- in a two-step rulemaking process to define the scope of "waters of the United States" that are regulated under the Clean Water Act. EPA and the Army jointly concluded in the Step 1 action that multiple substantive and procedural errors warrant a repeal of the 2015 Rule. In December 2018, EPA and the Army proposed a new definition- Step 2- that would clearly define where federal jurisdiction begins and ends in accordance with the Clean Water Act and Supreme Court precedent. In the proposal, the agencies provide a clear definition of the difference between federally regulated waterways and those waters that rightfully remain solely under state authority.
EPA Administrator Andrew Wheeler remarked during the event that, "Today's Step 1 action fulfills a key promise of President Trump and sets the stage for Step 2 - a new WOTUS definition that will provide greater regulatory certainty for farmers, landowners, home builders, and developers nationwide."
With this final repeal, the agencies will implement the pre-2015 regulations, which are currently in place in more than half of the states, informed by applicable agency guidance documents and consistent with Supreme Court decisions and longstanding agency practice. The final rule takes effect 60 days after publication in the Federal Register. Additional information is available by clicking or tapping here.
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.
Agriculture groups Thursday celebrated the Waters of the U.S. repeal by President Donald Trump as a victory. The rule greatly expanded the EPA's federal jurisdiction and scope of waterbodies subject to Clean Water Act requirements. The repeal reverts regulations to those in place before 2015, while the Trump administration works to craft a new rule.
The American Farm Bureau Federation called the repeal a victory for farmers and ranchers. AFBF President Zippy Duvall stated Farm Bureau will now "work to ensure a fair and reasonable substitute that protects our water and our ability to work and care for the land."
Last month, a U.S. District Court ruled the Environmental Protection Agency must redraft the rule, stating the 2015 rule violated the Clean Water Act, and that the procedures for enacting the WOTUS rule were in violation of the Administrative Procedures Act.
National Cattlemen's Beef Association President Jennifer Houston issued a statement as well, praising the decision to repeal.
"After years spent fighting the 2015 WOTUS Rule in the halls of Congress, in the Courts, and at the EPA, cattle producers will sleep a little easier tonight knowing that the nightmare is over," she said.
However, one group criticized the move, arguing that America's streams and wetlands would suffer without the protections of the rule put in place by the Obama-era EPA.
"No one wants to fish a lake covered in toxic algae, duck hunt in a bulldozed wetland, or pitch a tent next to a creek filled with feces," stated Collin O'Mara, president and CEO of the National Wildlife Federation. "Unfortunately, this Administration is working on multiple fronts to rewrite the rules that protect our waters, hoping no one will notice. The collective impact of these changes would be devastating for public health and wildlife across the country-and we will continue to fight to protect America's waterways every step of the way."
| Ag Groups Call for USMCA Passage NOW
Many ag groups are calling for the passage of United States-Mexcio-Canada-Agreement (USMCA) at the recent Rally for Passage of USMCA. The USMCA is the trade agreement that will replace the North American Free Trade Agreement (NAFTA).
American Farm Bureau Federation President Zippy Duvall, spoke during the rally.
"We need Congress to pass the USMCA trade agreement to bring certainty to our already-positive trade relationship with our closest neighbors and build on that relationship with new opportunities and commitments," he said. "The benefits of the USMCA are clear. Estimates indicate we will gain more than $2 billion in additional farm exports and $65 billion in gross domestic product once the agreement is in place."
The National Association of Wheat Growers attended the rally, and President Ben Scholz issued a statement.
"Over the past five years, Mexico has consistently been the top market for U.S. wheat exports," he said. "USMCA retains tariff-free access to imported U.S. wheat for our long-time flour milling customers in Mexico. Further, the Agreement takes an important step towards fixing the Canadian grain grading system which automatically designates U.S. wheat imported as the lowest grade wheat which puts America's wheat growers at a competitive disadvantage."
National Pork Producers Council President David Herring, also issued a statement calling for the ratification of USMCA.
"Last year, Canada and Mexico took over 40 percent of the pork that was exported from the U.S. and they are expected to be a large percentage this year as well," Herring said. "USMCA will strengthen our strong economic ties with our North American neighbors. Preserving zero-tariff pork trade in North American market is especially important as U.S. pork producers are struggling as a result of retaliatory tariffs in China. We asked our representatives to do all they can to push for swift ratification of USMCA."
USDA Undersecretary for Marketing and Regulatory Programs Greg Ibach joined Superior Livestock Auction's Danny Jones and Beth Brian on Superior Sunrise this morning to offer beef producers insight into the investigation USDA has launched to examine possible price manipulation in the marketplace since the recent fire at the Tyson packing plant in Holcombe, Kansas.
According to Ibach, evidence has arisen that suggests price manipulation may have occurred in the aftermath of the plant fire in Holcombe last month, as uncertainty spread throughout the industry based on concerns of reduced harvesting capacity with the plant's temporary closure. Ibach says that is what has prompted the Department's investigation.
According to him, the USDA noticed a spread starting to develop within packer margins in relationship to payouts to producers and consumer segments in the industry prior to the launch of the investigation. Ibach notes that this spread is the largest recorded since data collection began.
Early analysis suggests that the market reaction was heavily influenced by the time frame of the situation that was leading up to the Labor Day weekend, a common landmark for the seasonal shift in beef demand that generally heralds a depression in the fall market. This, Ibach says, most likely accentuated the market's reaction to the fire. Moving forward, the investigation will continue to look at the mandatory price reporting data collected before and after the fire incident and at any factors that potentially played into the current market situation to determine whether or not there is any substantial evidence that price manipulation did in fact occur.
Read more or listen to Ibach's full briefing on the investigation, by clicking or tapping here.
|USDA Confirms Expectations for a Larger Oklahoma Cotton Crop Compared to 2018
Oklahoma upland cotton production totaled 780 thousand bales, 14 percent higher than 2018. Yield averaged 651 pounds per acre, compared with 595 pounds last year. Acreage harvested, at 575 thousand acres, is up 5 percent from last year. Based on the September Crop Report, Oklahoma will have the 8th largest cotton crop by state in the United States.
Expectations back in August were for a lot higher yield per acre- 851 pounds of lint versus the 651 pounds estimated in the September report- but the yield remains above a year ago and the number of expected harvested acres up gives us about 100,000 more bales of production this year versus last.
Oklahoma corn production totaled 44.1 million bushels, up 18 percent from the previous year. Statewide yields averaged 140 bushels per acre, 6 bushels higher than 2018. Acres harvested for grain, at 315 thousand, are up 13 percent from last year.
Oklahoma sorghum production totaled 14.0 million bushels, up 17 percent from last year. Yield averaged 53 bushels per acre, up 3 bushels from the previous year. Acres harvested, at 265 thousand acres, are 10 percent higher than 2018.
Oklahoma soybean production is forecast at 11.2 million bushels, down 38 percent from last year.Yield is expected to average 26 bushels per acre,compared with 30 bushels in 2018. Harvested acreage, at 430 thousand acres, is 28 percent lower than last year.
For the complete Southern Plains regional report- which provides data for Oklahoma and Texas- click or tap here.
For the complete USDA September Crop Production report released yesterday morning, click or tap 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.
| Anderson Says Latest WASDE Report a Bit Bullish But Shows Little Change
The monthly World Agriculture Supply and Demand report released by the Department of Agriculture lowered corn and soybean production. Markets responded closing six to seven cents higher for corn, and soybeans up 26-30 cents Thursday. This month's corn outlook is for reduced production, lower corn used for ethanol, and slightly higher ending stocks. Corn production is forecast at 13.799 billion bushels, down 102 million from last month on a lower yield forecast, and supplies were lowered, as well. The season-average corn price received by producers is unchanged at $3.60 per bushel. USDA projects Soybean production at 3.6 billion bushels, down 47 million on a lower yield forecast of 47.9 bushels per acre, and soybean supplies are down two percent. Ending stocks are projected at 640 million bushels, down 115 million from last month. The season-average soybean price is forecast at $8.50 per bushel, up ten cents. The wheat supply and demand outlook is unchanged this month. The projected season-average farm price is $4.80 per bushel, down $0.20.
In his weekly visit with SUNUP host Dave Deken this weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson talks about the September 2019 World Agriculture Supply and Demand Estimates (WASDE) report.
"If you will remember right now, the Oklahoma price is about a dollar underneath that projected average annual price," he said. "And since June 1, has averaged about $.15/bu."
The USDA increased the world ending stocks just a little bit up to 10.5 billion bushels, but they lowered Russian production down to 2.66 billion bushels. Anderson says the irony in that, is that Russia released their own estimate and increased their projection to 2.75 billion bushels. They also lowered Australia to 698 million bushels down from 772 million bushels, he added.
You can watch his visit tomorrow or Sunday on SUNUP - but you can hear Kim's comments right now and see what else is on the lineup for this week's episode, by clicking here.
The National FFA Organization announced this week a record-high student membership of 700,170, up from nearly 670,000 in 2018. National FFA Organization CEO Mark Poeschl says the membership growth "reflects continued enthusiasm for agriculture as well as agricultural education."
Oklahoma ranks fourth in the top six student membership states which in order include Texas, California, Georgia, Oklahoma, Ohio and Missouri. Interest in FFA and agricultural education continues to grow as membership continues to increase.
This year, the organization has more than 100,000 Latino members, 45 percent of the membership is female with 52 percent of the membership being male. Females hold more than 50 percent of the leadership positions. FFA chapters can be found in 24 of the 25 largest U.S. cities.
The National FFA Organization provides leadership, personal growth and career success training through agricultural education to student members who belong to one of the more than 8,600 local FFA chapters. The organization is also supported by more than eight million alumni and supporters. Click over to the Blue-Green Gazette on our website to learn more.
Oklahoma has waited some ten days or so since it last had some good rainfall across the state. Those dry conditions coupled with above normal temperatures, according to State Climatologist Gary McManus, has kept pressure on the existing moisture supply. McManus says the effects of this pattern have manifested in the strengthening of drought throughout the southern half of the state, as illustrated in the latest Drought Monitor Map, below...
The latest outlook from the Climate Prediction Center suggests drought will persist in south central Oklahoma during the remainder of September, but some improvement is expected farther to the west. Forecasts this week indicate possible precipitation events across northern Oklahoma arriving Thursday evening offering a one-day respite from the recent heat and humidity.
For a closer look at this week's Drought Monitor Map or to review the latest Mesonet Ticker Report from McManus, click here.
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