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Let's Check the Markets!
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
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:
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Ron Hays, Senior Farm Director and Editor
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, September 16, 2016
Inhofe and Lankford Applaud Senate's Passage of Water Resources Development Act
U.S. Sen. Jim Inhofe (R-Okla.), chairman of the Senate Environment and Public Works (EPW) Committee, and U.S. Sen. James Lankford (R-Okla.) praised the Senate passage of the Water Resources Development Act (WRDA) of 2016, which passed with a strong bipartisan vote of 95 to 3 and includes a number of provisions supporting Oklahoma's priorities.
"With strong bipartisan support, the Republican-led Senate has once again moved an economy-boosting infrastructure bill with the passage of WRDA 2016," Inhofe said. "Many provisions in this year's WRDA bill will benefit Oklahoma residents and job creators, and I am committed to seeing that these provisions and WRDA 2016 are signed into law before the end of this year."
Inhofe said WRDA 2016 ensures that Corps projects in Oklahoma, including the McClellan-Kerr Arkansas River Navigation System and the Tulsa and West Tulsa Levee System, continue to receive support and prioritization.The Port of Catoosa and the Port of Muskogee will also benefit by gaining the ability to provide funds, materials, or services to the Corps to prevent project failures and address the backlog of maintenance.
Click here to read Inhofe's complete statement and find a detailed list of Oklahoma benefits included in WRDA 2016.
Sen. Lankford echoed support for WRDA:
"An important part of good governance is the efficient management of our nation's water infrastructure, and routine passage of the Water Resources Development Act helps to ensure that. I applaud Senator Inhofe's tireless work on this important legislation. This bill authorizes essential navigation, flood control and restoration projects, many of them backlogged by the Army Corps of Engineers for years. Of particular interest to Oklahomans are provisions for the Port of Catoosa, federal authorization for the southeast Oklahoma water settlement, a property conveyance for the Grand River Dam Authority and study of the Tulsa levees, which are in need of repair. This legislation allows for continued efforts to ensure life and property in the area are properly protected. I am pleased that this bill directs the Army Corps of Engineers to complete, within one year, a previously mandated study to determine whether they hold non-essential properties on their inventory, so that we may begin turning over these non-essential properties to other entities and reduce the burden on the Corps' maintenance budget. Finally, the bill makes Corps of Engineer reforms that let local sponsors improve infrastructure at their own expense, so they are not always waiting on federal government delays."
It's great to welcome the Livestock Exchange at the Oklahoma National Stockyards as a new sponsor for our daily email. The eight Commission firms at the Stockyards make up the exchange- and they are committed to work hard to get you top dollar when you consign your cattle with them. They will present your cattle to the buyers gathered each Monday or Tuesday at one of the largest stocker and feeder cattle auctions in the world.
Click here for a complete list of the Commission firms that make up the Livestock Exchange at the Oklahoma National Stockyards- still the best place to sell your cattle- and at the heart of Stockyards City, where you can go around the corner enjoy a great steak and shop for the very best in western wear.
|Oklahoma Cattlemen's Thank Gov. Mary Fallin for Her Signature on Priority Cattle Theft Legislation
The following statement was released by Charlie Swanson, Oklahoma Cattlemen's Association president, in reference to the signing of HB 2504 addressing cattle theft by Gov. Mary Fallin:
"Thursday the Oklahoma Cattlemen's Association (OCA) participated in a ceremonial signing with Governor Fallin of HB 2504 addressing cattle theft. This important legislation was OCA's priority legislation this past year. The legislation clearly defines that each stolen animal can be a separate criminal offense and it provides that triple the value of the animals stolen will be part of the restitution required of the thieves.
"We also want to thank Governor Fallin for her signature and a special thanks to Representative John Pfeiffer for authoring the bill and Senator Ron Justice and Representative Scott Biggs for their key support in moving the bill through the session. We were also honored to stand during the signing with Chief Jerry Flowers and some of the talented investigators who work tirelessly to catch cattle rustlers. OCA is committed to strengthening and securing Oklahoma's beef cattle industry....this is a significant accomplishment in that endeavor."
|US Beef Sector Well-Poised to Increase Exports on the Rebound of the World Economic Climate
I recently spoke with Director of the Livestock Marketing Information Center Jim Robb about current trends happening on the stage of international trade. Robb says he's been keeping an eye on exports and from what the numbers are telling him, US trade volumes seem to be climbing higher compared to last year.Robb says that while comparisons to the first part of 2015 were fairly tough, the scales are starting to tip the other way as some international counterparts struggle with their own trade issues."We think that's the perspective," Robb said. "This is really driven by the world economic environment, which is sort of improving. The US and a couple of other countries are well-positioned to export to countries that want to buy beef."Exchange rates, growing incomes and current product pricing are all helping right now, Robb says, even if they don't stir a shift in demand. If nothing else, we should be able to sell more product overseas at lower prices, according to Robb."We're clearly on track, especially in the beef sector, to have a year-over-year increase that's pretty significant in the tonnage of beef we're going to export in 2016 compared to 2015 levels."Listen to Jim Robb of the Livestock Marketing Information Center discuss his perceptions of current trends in international beef trade during the latest Beef Buzz.
|Pork Producers Make TPP a Top Priority in Lobbying Efforts During DC Fly-In
Getting a vote this year on the Trans-Pacific Partnership (TPP) agreement was the top issue on which pork producers from around the country lobbied their congressional lawmakers this week during the biannual legislative fly-in of the National Pork Producers Council.
In addition to the TPP, more than 130 producers from 20 states Wednesday and Thursday urged their senators and representatives to include funding in the next Farm Bill for a Foot and Mouth Disease (FMD) vaccine bank and to oppose a U.S. Department of Agriculture regulation - the so-called GIPSA rule - that would restrict the buying and selling of livestock.
"TPP, the FMD vaccine bank and the GIPSA rule are critically important issues for our industry," said NPPC President John Weber, a pork producer from Dysart, Iowa. "But getting the TPP approved and implemented is the No. 1 pork industry priority."
The TPP includes the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, which combined have 800 million consumers and account for nearly 40 percent of global GDP.
"NPPC has been a strong, consistent supporter of free trade agreements (FTAs)," Weber said. "On average the past 10 years, the United States has been the top global exporter of pork because of FTAs. In fact, we now ship more pork to the 20 U.S. FTA partner nations than to the rest of the world combined.
Click here to read more about NPPC's efforts to pass TPP.
BY the way- Oklahoma was a part of the Fly-In- and we will be talking with Cathy Vaughan, the President of the Oklahoma Pork Council Board later today about her perspectives on the fly-in and also talk Pork Chop Shop at the 2016 State Fair of Oklahoma. Cathy will be our guest tomorrow morning at 6:40 AM for our In the Field segment as seen on KWTV News9.
We are pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update. On both the state and national levels, full-time staff members serve as a "watchdog" for family agriculture producers, mutual insurance company members and life company members.
Click here to go to their AFR website to learn more about their efforts to serve rural America!
|Grain Market Specialist Has a Tip for Wheat Farmers This Year - "Focus on Quality"
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks strategy for wheat farmers with SUNUP's Lyndall Stout this week- and explains what producers need to concentrate on over the next few years. According to Dr. Anderson, the world market is currently flooded with not just wheat, but for the most part all other grains as well. He says if you were to look back at 2000 and years past beyond that, you would find that neither Russia, Ukraine, Kazakhstan and others were exporting zero bushels of wheat. Today, those same countries have collectively dumped 1.9 billion bushels of wheat into the global market that less than two decades ago, where not there. This in effect has drastically lowered the price of wheat. The good news, Dr. Anderson says, is that worldwide, wheat crops have been of low protein and quality - opening a little room for strategy.
For farmers that have already planted this year or plan to, Dr. Anderson insists that focus should be on producing a quality, high protein crop that is good for milling. Wheat like that is difficult to find right now and he believes the market will pay for a high quality product. Farmers already are looking at reducing their input costs, but Dr. Anderson believes this would be a mistake. The only way to compete now in international trade will be to outperform our competitors with better quality. Dr. Anderson says monocropping is becoming a thing of the past. He says farmers need to begin looking at rotating crops to break weed and disease cycles that only bloat the cost of production.
Click here to listen to Dr. Anderson's full analysis of current wheat market trends, and be sure to catch SUNUP this weekend - Saturday at 7:30 a.m. and Sunday at 6 a.m. on OETA-TV.
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|Plains Cotton Growers Commend All Those Involved in Bringing WTO Action Against China
Plains Cotton Growers commends the United States Department of Agriculture, the United States Trade Representative and a bipartisan group of Members of Congress who announced that they are launching enforcement actions against China at the World Trade Organization for their government support mechanisms for corn, wheat, and rice that the USTR says exceed China's agreement under the WTO.
"One of the greatest threats to agriculture here in the United States - and particularly cotton - is other countries and their high subsidies, tariffs and other trade barriers that prevent our producers from competing in the world market," PCG Executive Vice President Steve Verett said. "We've reformed our domestic farm policy to come under compliance with the WTO, and we appreciate the fact that the USDA, USTR and these lawmakers recognize that other countries should be examined with the same scrutiny. Our producers deserve that level of oversight."
PCG appreciates House Agriculture Committee Chairman Mike Conaway for remaining steadfast in helping raise awareness of foreign agricultural subsidies and their impact on U.S. growers, and especially cotton growers, having convened two full committee hearings to examine the issue.
"... I am very hopeful that beyond the challenges announced today, that the U.S. government will also vigorously pursue a case against China concerning its cotton policy which has wreaked havoc on our domestic producers," Conaway said in a news release. "Absent this, I fear that our domestic cotton production and all that it means to our nation's economy will be lost in much the same way we forfeited our textile industry, once the largest manufacturing sector of our economy."
|This N That- Pollard Sale on Saturday, Weatherford FFA Tops Livestock Judging Contest and Rain Remains in the Mix
The 19th Annual Female Production Sale for Pollard Farms
in Waukomis is happening this weekend- with the sale set for tomorrow- Saturday, September 17, 2016 at 12 Noon.
They will be offering 122 Registered Angus Lots- including Donor Dams, Fall Yearling Heifers, Spring Heifer Calves, Spring Pairs, Bred Heifers and more.
Every female being sold has genomically enhanced EPD information- so you can know with confidence what genetics you are buying.
Details and links to the Sale Book are available here
. You can also call the ranch at 580-758-1464 for more information.
Oklahoma Farm Bureau's Young Farmers and Ranchers committee hosted more than 1,000 Oklahoma agriculture students at the group's annual Oklahoma State Fair livestock judging contest held September 15 at the state fairgrounds in Oklahoma City. Topping the team competition was the Weatherford FFA Chapter
as they won the Senior FFA Division. High individual of the contest was Trent Kitchell
of Hartshorne FFA.
Students judged eight classes of livestock along with two classes where they were asked specific questions about the animals they judged.Click here for more
- including the top three placings in the Junior and Senior Divisions of both 4-H and FFA.
Harvest of our spring planted crops- and the planting of the 2017 winter canola and winter wheat crops continue- but farmers are having to work around rain to get these tasks done- as we write this and get ready to get our Friday email out- there are storms in southwestern Oklahoma tracking northeastward.
The seven day precipitation graphic tweeted by Bryce Anderson
of DTN shows rain continues in the mix into next week- although dry weather on Monday and Tuesday should help with our field work efforts.
Here's that graphic on the expected rainfall-
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