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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.
Superior Livestock kicks off their "Every Other Week" Fall Sales this morning- starting with Superior Sunrise at 7:30 and the Sale at 8 AM- over 24,000 will be sold today- click or tap here for all the details.
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
At OKC West
in El Reno feeder steers sold 2.00-5.00 higher and feeder heifers traded 4.00-8.00 higher - click here
to view the full report from the USDA.
offered 1533 head of cattle with 0 actually selling - click here
to jump to the website.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, September 26, 2019
President Donald J. Trump Has Reached Agreements with Japan to Improve Trade Between Our Nations
President Donald J. Trump has reached agreements to modernize and strengthen our trade relationship with Japan. Earlier this week, President Trump and Prime Minister Shinzo Abe of Japan reached two agreements to rebalance trade between our two great nations.
"We're going to have a really great relationship, better than ever before on trade. I think it's going to be better for Japan and better for the United States," said President Donald J. Trump.
U.S. Secretary of Agriculture Sonny Perdue issued a statement following the announcement that the new agreement had been signed.
"This agreement between the United States and Japan is a better deal for the entire U.S. economy, but is a particularly big win for our farmers and ranchers. When I visited Japan in May for the G20," Perdue said, "I made it clear that the U.S. is Japan's best customer and we felt that relationship was not reciprocal. This agreement helps level the playing field. I thank President Trump and Ambassador Lighthizer for delivering on their promise to open markets around the world for America's farmers and ranchers."
Out of the $14.1 billion in U.S. food and agricultural products imported by Japan in 2018, $5.2 billion were already duty free. Under this first-stage initial tariff agreement, Japan will eliminate or reduce tariffs on an additional $7.2 billion U.S. food and agricultural products.
Fresh and frozen beef, and fresh and frozen pork will be among the products that will be part of the tariff reduction part of the agreement.
House Agriculture Committee Ranking Member K. Michael Conaway also issued a statement after the announcement.
"Today's deal announced by President Trump and Prime Minister Abe substantially improves U.S. access to Japan's agricultural markets. I commend President Trump and the U.S. Trade Representative's team for their hard work to guarantee additional market access into Japan for U.S. beef, pork, wheat, dairy, sorghum and other farm products. I'm confident future negotiations will further broaden market access for U.S. farmers and ranchers."
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Following the announcement of the US-Japan Trade Deal from President Trump and Prime Minister Abe, several members of the livestock community issued statements expressing their excitement about the agreement.
National Cattlemen's Beef Association (NCBA) President Jennifer Houston
released a statement in support of the trade agreement
between the United States and Japan that will lower Japan's massive tariffs on U.S. beef:
"Japan is the number one export market for U.S. beef, accounting for one quarter of our exports," she said. "The only way for U.S. beef producers to remain competitive in our leading export market is to remove trade barriers through a bilateral trade agreement with Japan."
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom remarked
, "With Japan being the largest value destination for U.S. pork and beef exports (combined export value in 2018 was $3.7 billion), there is no market more critical to the profitability and prosperity of the U.S. red meat industry. It is therefore imperative that we achieve a level playing field for U.S. pork and beef in Japan, so that the U.S. industry can further expand its customer base in this increasingly competitive market."
Oklahoma Cattlemen's Association Executive Vice President Michael Kelsey, also weighed in after the announcement.
"Japan is our top beef export market even with the high 38.5% tariff. This agreement levels that out against our most prominent competitors in the Japanese market which should mean more US beef into Japan," Kelsey stated. "It is a good day with this great announcement and OCA would like to thank the Trump Administration for making this happen."
Robert McKnight, Jr., president of the Texas and Southwestern Cattle Raisers Association (TSCRA) responded to the agreement, too.
"Japan is the largest buyer of U.S. beef exports and the third-largest buyer of Texas beef despite a 38.5% tariff," he said. "The excessive tariff left U.S. beef producers vulnerable to foreign competitors with lower tariff rates."
"Under the U.S.- Japan Trade Agreement, frozen chicken products will receive favorable tariff reductions enabling our products to compete more effectively with those countries in the Trans-Pacific Partnership," said Brown.
NPPC President David Herring and President-Elect Howard "A.V." Roth joined President Trump for the signing of the agreement in New York during the United Nations General Assembly meeting. In a statement published by the NPPC, Herring made the following comment.
"I am honored to represent U.S. pork producers today at a signing ceremony so important to my fellow hog farmers around the country," Herring said. "We've seen market share declines in Japan, historically our largest value export market, since the start of the year when international competitors gained more favorable access through new trade agreements."
The announcement of the US-Japan Trade Deal was welcomed by many crop groups and the American Farm Bureau Federation.
AFBF President Zippy Duvall, in regards to the trade deal agreed upon by President Trump and Prime Minister Abe said,
"Today's announcement that the two countries have reached an agreement and have completed agricultural negotiations is a positive step for America's farmers and ranchers," he said. "Japan is American agriculture's fourth-largest export destination and vital to the livelihood of hundreds of thousands of farms and the families who live on them."
U.S. Wheat Associates (USW) Chairman Doug Goyings, said, "We applaud the negotiators from both countries who worked very hard to reach an agreement that is so important to wheat farmers and to their flour milling customers in Japan."
National Association of Wheat Growers (NAWG) President Ben Scholz, added, "Resolving trade issues like this and building new opportunities for our wheat and other agricultural products is absolutely needed at a time when wheat farmers are dealing with another year of low prices and a depressed farm economy."
National Sorghum Producers Chairman Dan Atkisson, made the following statement after the announcement of the trade deal.
"Today's trade announcement by President Trump and Prime Minister Abe comes at a pivotal time and is welcomed news by the U.S. sorghum industry. We applaud negotiators from both countries for their hard work and foresight to build more opportunities for U.S. agriculture producers."
National Corn Growers Association President Lynn Chrisp issued a statement, too.
"Japan has been a strong trading partner and friend for American agriculture, now the second-largest purchaser of U.S. corn," Chrisp said. "NCGA has long-advocated for an agreement with Japan and, with many farmers struggling amid challenging times in agriculture, this is very welcome news. While we await further details, it seems this phase one agreement will deliver for corn farmers and build upon our successful partnership with Japan."
U.S. Grains Council President and CEO Ryan LeGrand, also issued a statement regarding the announcement.
"The U.S.-Japan agreement announced by the President will solidify our longstanding partnership for the future and create a platform for growth into new sales and new sectors, including the potential for sales of U.S. ethanol."
OSU CASNR Thankful for the Millions Poured Into Chairs, Professorships and Scholarships by Boone Pickens
As Oklahoma State University held a Celebration of Life Service for T. Boone Pickens on Wednesday, there was a lot of emphasis on what was accomplished with the support of Mr. Pickens within the Athletic Department- but the support of this man who loved the University in Stillwater was felt in every College on campus, including in the College of Agriculture and the Division of Agriculture.
I talked with Dr. Tom Coon, Dean and Vice President of the Division of Agriculture and Natural Resources at OSU about the millions of dollars that have improved the Division in a lot of different ways.
According to information from the OSU Foundation, there are fifty scholarships associated with the Pickens Legacy Scholarship Match Funds and twenty five Pickens Matched Chairs and Professorships within the OSU College of Agriculture and Natural Resources.
Click or tap here to read more- take a look at the list of Chairs and Professorships that took advantage of the "Pickens Match" and listen to our visit with Dr. Coon about this legacy left behind by Boone Pickens- all found on OklahomaFarmReport.Com
As Oklahoma's largest John Deere dealer, P&K Equipment is proud to be your local expert source for equipment, parts, and service. As an Oklahoma-based, family-run company, the P&K network consists of 16 locations in Oklahoma, 2 locations in Arkansas, and 9 locations in Iowa. Our Oklahoma and agricultural roots run deep and our history spans over 30 years.
At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.
Don Close is vice president for food and agribusiness research with Rabo Agrifinance. Over the past year, he has been discussing with the beef industry a relatively new concept which he refers to as the "grow yard." Close defines a grow yard as a niche segment in the beef pipeline situated between the stocker operator and the feedlot which provides residual housing for cattle that for one reason or another are delayed on their way to market. It is his belief that as this burgeoning segment continues to grow, it will eventually become essential to the industry. Economically speaking, he believes grow yards will have enough going for them in the future to remain sustainable.
"I think there are a host of reasons. I think one of the basic drivers behind this whole thing, the biggest one would be just the shortage of labor issue. That's not going away anytime soon," he said. "I think another big driver is the growth in beef demand we have seen in the last five to ten years both domestically and in export has been driven on beef quality. The pressure of that to continue to increase that quality is only going to increase."
In addition, Close also cites the continued contraction of grass acres available to cattle producers. He explains that as the US herd continues to expand, there will be less and less grazing acres available. He believes grow yards will offer producers an alternative option that could help displace yearling crops and open up grazing space for cows.
You can listen to the whole conversation between Close and I on Wednesday's Beef Buzz - here.
The U.S. pork industry is facing serious headwinds both at home and abroad that need to be addressed to ensure the industry remains competitive, allowing for expanded production, greater job growth and continued contribution to rural communities across the country. Iowa Pork Producers President Trent Thiele testified Wednesday morning before the Senate Agriculture Committee.
"U.S. pork producers need trade certainty and ratification of the U.S.-Mexico-Canada (USMCA) trade agreement is one of the industry's top priorities," said Thiele in his testimony. "Last year, more than 40 percent of U.S. pork exported went to Canada and Mexico. USMCA will strengthen the strong economic ties with our North American neighbors, and help ensure tariff-free trade on pork remains in place for the long term.... U.S. pork producers urge Congress to ratify USMCA, providing much-needed certainty in two of our largest export markets."
Jennifer Houston, President of the National Cattlemen's Beef Association, yesterday testified about the current state of the cattle industry before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
Topics ranged from the effects of the recent fire at a Tyson beef processing facility in Kansas to the pending reauthorization of the Commodity Futures Trading Commission (CFTC) and Mandatory Price Reporting to implementation of the 2018 Farm Bill.
"I want to start by thanking you, Chairman (Pat) Roberts and other members of the committee who have been helpful over the last few weeks as we have dealt with the recent fire at the Tyson plant in Holcomb, Kansas," Houston said. "We also support the work of (Agriculture) Secretary (Sonny) Perdue and look forward to the results of the USDA investigation."
Devon Energy selected Shattuck, Hennessey and Lomega High Schools' FFA chapters to receive over $14,000 in total grants for science, technology, engineering and math (STEM) education.
"We're looking forward to witnessing the innovative work students will create with this state-of-the-art equipment," said Holly Blakey, executive director of the Oklahoma FFA Foundation. "Devon's generous grants will help open avenues to successful careers in the agriscience industry for these young people."
Devon started the FFA Technology & Innovation Grants to increase students' access to innovative technologies being used in the agriculture industry and provide hands-on learning opportunities.
"Having resources to experiment and gain real-world experience fosters student ingenuity and creativity," said Christina Rehkop, director of community relations for Devon. "We look forward to seeing the unique FFA projects positively impact our state's children."
Click or tap here to read more about how the funds will be used by the chapters in Oklahoma.
|Our Latest Podcast is Live- David Rainbolt of BancFirst is our Guest
This week's guest is David Rainbolt, executive chairman of BancFirst. BancFirst is one of Oklahoma's largest state-chartered banks, serving 50 communities across the state with 100 locations.
Rainbolt says Bancfirst is focused on building a sustainable, financial institution that helps build the communities it serves.
It's a wide ranging interview- and we appreciate Tyler Norvell of OYE joining with us in talking with Mr. Rainbolt about BancFirst, Economic Conditions in Oklahoma and the efforts of the Step Up Oklahoma Coalition that he was a key part of.
clicking or tapping here.
|Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork Council, 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!
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