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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 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
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, September 21, 2016
Sen. Jim Inhofe Calls for Bipartisan Teamwork to Rein in Federal Overreach Under WOTUS
Oklahoma Senator Jim Inhofe, chairman of the Senate Environment and Public Works (EPW) Committee, yesterday released an EPW Majority Committee report titled "From Preventing Pollution of Navigable and Interstate Waters to Regulating Farm Fields, Puddles and Dry Land: A Senate Report on the Expansion of Jurisdiction Claimed by the Army Corps of Engineers and the U.S. Environmental Protection Agency under the Clean Water Act." The report released findings from the majority staff's investigation into how the Environmental Protection Agency (EPA) and the Army Corps of Engineers are interpreting and implementing their authority under the Clean Water Act.
"This new majority committee report demonstrates in detail that the EPA and the Army Corps of Engineers, under the Obama administration, are running rogue," Inhofe said. "Case studies in this report show that the Obama administration is already asserting federal control over land and water based on the concepts they are trying to codify in the WOTUS rule, even though the courts have put that rule on hold. Congress shouldn't wait on the Supreme Court to make the inevitable decision that this agency overreach is illegal. This report should be evidence enough that it's time for Democrats and Republicans to work together rein in EPA and the Corps. Over the course of the past year, 69 Senators - a veto proof majority - have gone on the record about their grave concerns regarding the WOTUS rule. It's time to come together to protect farmers, ranchers, water utilities, local governments, and contractors by giving them the clarity and certainty they deserve and stopping EPA and the Corps from eroding traditional exemptions."
Click here for further information on the study, including a summary of the report's findings.
The presenting sponsor of our daily email is 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.
for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
Farm Bureau is also a proud supporter of the group, Oklahoma Farmers Care- click here for their website to see how you can help in the fight to pass State Question 777.
|Ag Groups Say Senate Report Confirms Their Suspicions of EPA
Yesterday, the Senate Environment and Public Works Committee released their reporthighlighting examples of EPA illegally asserting jurisdiction over features traditionally exempt from the Clean Water Act. Despite the fact that the Sixth Circuit Court of Appeals continues their nationwide stay on enforcement of EPA's "waters of the United States" final rule, the report demonstrates that EPA is in fact, enforcing the WOTUS rule and expanding jurisdiction beyond congressional intent. Ag industry groups such as the American Farm Bureau Federation and the National Cattlemen's Beef Association have both chimed into the conversation, to express their concerns in light of these revelations.
NCBA President Tracy Brunner said this report is conclusive evidence of EPA's continued efforts to expand their jurisdiction over all waters.
"While the Courts have temporarily suspended enforcement and implementation of the rule, the EPA continues to exercise federal control over private land in a way that erodes the agricultural exemptions in the Clean Water Act," said Brunner. "This report clearly shows that EPA continues to regulate private property, including ditches and furrows, without any statutory or legal justification."
Click here to read Brunner and NCBA's full statements regarding the committee's report.
"The case studies presented in the report reflect the serious concerns we have raised for more than two years now," said Zippy Duvall, president of the American Farm Bureau Federation, "the new 'Waters of the U.S.' rule takes the EPA's and Corps' longstanding regulatory overreach and gives it a new name. The agencies have persistently and unlawfully stretched the limited authority Congress gave them, even to the point of regulating ordinary plowing, a normal farming activity exempted by Congress. They have even claimed authority to regulate tire ruts and puddles found on the farm."
Click here to read the full statement released by AFBF President Zippy Duvall.
|Senate Judiciary Committee Holds Hearing on Consolidation of US Seed and Agrochemical Industry
It's like something out of an Ayn Rand novel - ag industry giants worldwide are absorbing each other in consolidation and merger deals, that have farmers and ranchers a bit nervous. The $66 billion Bayer-Monsanto deal being the latest of these transactions, has prompted quick action from the Senate Judiciary Committee to review the legality of such unions, citing antitrust laws. While those behind the negotiations say these mergers will help to overcome costly and time consuming hurdles of domestic and foreign regulations for product development and market entry, ag industry associations worry that this could create an environment that limits the access of small to medium farmers to available science and technologies, by expensive run-ups in the cost of products. During a hearing held yesterday, the Senate Judiciary Committee heard these concerns from various groups such as the National Corn Growers Associations, the American Soybean Association and the American Farm Bureau Federation.
NCGA Chief Executive Officer Chris Novak, testified at the hearing on behalf of both the NCGA and the ASA.
"We've seen a significant decline in the number of small-to-medium sized family farms. Fewer farmers means that the agribusiness industry that supports the farm community has fewer customers-resulting in consolidation beyond the farm gate. The speed at which the industry continues to consolidate, and the tenuous state of our farm economy, dictate that we work diligently to ensure that our farmers will still have access to a range of technologies without suffering higher costs," Novak testified.
Click here to read the full testimony of NCGA CEO Chris Novak.
American Farm Bureau Federation Chief Economist Dr. Bob Young contributed his thoughts as well.
"AFBF has had several-and repeated-assurances from the companies involved as to their intent to maintain as strong an innovation arm as they can," Young said. "We have no reason to doubt, but we also are reminded of the old line: trust, but verify."
Click here to read the full statement released by AFBF.
Monsanto's Executive Vice President and Chief Technology Officer Robb Fraley, had a chance to rebut.
"I understand that change can be unsettling to farmers - I saw that firsthand when I helped invent the first crops developed through genetic modification (e.g. GMO crops). Importantly, just like then, I've found that change enables more innovation and delivers better products to the farm even faster. We continue to believe that farmers are best served when companies invest more in new technologies and accelerate the pace of their research and development, which in turn spurs robust competition. Innovation drives competition. Innovation strengthens the farming economy. And innovation lifts our society."
|National Pork Board Backs American Pig Farmers and Their Commitment to Responsible Antibiotic Use
The National Pork Board is leading the conversation to combat antibiotic-resistant bacteria and preserve the responsible on-farm use of antibiotics in pork production. The Pork Checkoff, funded directly by America's 60,000 pig farmers, defined its three-point antibiotic stewardship plan in mid-2015 and has delivered on its pledge of promoting research, pig farmer education and consumer and influencer outreach during 2016.
"Real, substantive change is underway on pig farms across America with the farmers themselves shaping the discussion around responsible antibiotic use," said Jan Archer, National Pork Board president and a pig farmer from North Carolina.
Archer added that today's pig farmers stand ready to implement the new, more stringent U.S. Food and Drug Administration (FDA) rules when they take effect on Jan. 1, 2017, based on FDA Guidelines 209 and 213 and the Veterinary Feed Directive Rule.
"We have been listening closely to the many audiences touched by food production," said Archer. "We completely understand the important role pig farmers play in delivering safe food. We are committed to defining the ideal balance of the right medicine, in the right dose, at the right time for our pigs."
Click here to read more and for a list of the actions taken by the NPB in 2016 thus far to encourage proper use of antibiotics in the pork industry.
KIS FUTURES specializes in Futures and Options for Institutions, Commercials, Hedgers, and Individual Traders and executes trades for its clients in the following markets: Livestock, Grains, Energy, Metals, Softs, Financials, Currencies, and Stock Index Futures. For more information, please give them a call Toll Free at (800) 256-2555. Click here for their website to learn more.
And- their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone.
|Be Very Worried if the Next President Really Embraces Protectionism
Which country is our largest competitor
when it comes to soybean exports? Yep- Brazil.What country has traditionally been one of the largest- if not the largest importers
of our soybeans? You got that right, too- Japan.
What does tricky Dick, Japan and Brazil
all have in common? Ding Ding Ding!!! Right again- Soybeans.
In a fascinating commentary that can be found here on the website
TheHill.Com, Iowa Farmer Tim Burrack
tells the story of how a stupid protectionist move in 1973 started the dominoes falling that have resulted in a major competitor for the US soybean industry.
To give you the USA Today length version- in 1973 Richard Nixon
was being pressured by consumer groups and others to ban exports of food out of the US- he did ban exports of grains- including soybeans- and immediately soybean prices dropped by 50% with all the surplus that could not be shipped. Within six months- the administration had felt the heat of the exporters- reopened markets and basically thought, no harm, no foul. Only one problem
- we had been a reliable supplier- then we were not. And that got into the craw of the Japanese- who thought, never again will we be on dependent on those unreliable Americans. They invested in the fledgling soybean industry in Brazil- and helped them to become our major export nemesis on soybeans.
Brazil may have gotten there eventually- but Burrack believes the trash talk by Trump and Clinton
on international trade could easily mean we could shoot ourselves in the foot again with one or more of our significant customers- especially if something happens to cause another country or two or fifty to think- those dumb Americans are NOT Reliable Suppliers.
End of Rant.
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|Reading Between the Lines - What the Markets Are Really Trying to Tell You
After a recent bounce back in slaughter cattle prices and a good start to the week with feeder cattle, OSU Extension Livestock Market Economist Dr. Derrell Peel tells me, he is hopeful that we've put in a near term low after several weeks on the downtrend for yearling and calf prices.
"Fall is a tough time of the year to put together a strong rally," Peel said, citing several factors including volatility being driven from an erratic futures trade. "At the same time, when you look at potential for fall grazing conditions, winter wheat grazing conditions - I think there's a fair chance of seeing some significantly increased demand for these stocker cattle."
Based off some close and frequent observations of market trends lately, Dr. Peel believes some fairly strong buy signals are cropping up for stocker production. He says now is the time to think about putting some extra weight on cattle before sending them to the feedlot to capitalize on the value of gain currently being offered.
to clue in on Dr. Peel's full analysis of this current market opportunity.
|On the Calendar- Red Cedar Round-Up Thursday and Curt Pate Seminar Saturday
Landowners, operators and wildlife enthusiasts are encouraged to attend the upcoming Red Cedar Round-up sponsored by the Lincoln County Conservation District being held near Agra, Oklahoma on Thursday, September 22nd at 10:00 a.m.
The event is being hosted by Verlin Hart Farm and will feature a morning session to discuss the extent of problems caused by red Cedars and their impact on cattle, wildlife habitat, soil health and more. This will be followed by an afternoon field session where attendees will have a visual opportunity to learn from demonstrations on sawing, chipping and burning techniques.
for more information on how to register.
**********Last Day to Register!!!!
GoBob Pipe is proud to present the Curt Pate Stockmanship Seminar
This is a FREE event to help you fine tune your cattle handling skills! Ranchers, Farmers and Students are encouraged to attend to learn from one of the nation's most sought after clinicians, Curt Pate of Curt Pate Stockmanship.
Saturday, Sept. 24, 2016
Tulsa RV Ranch
2538 US-75 (East side of Hwy-75 between Glenpool and Beggs)
10:00am Session 1: working cattle on horseback
12:00pm Session 2: working cattle on foot
While this is a free event with free lunch provided seating is limited so RSVP to reserve yours. Regardless of availability, reservations cannot be taken after 9/21/16!
Register by emailing Gant Mourer by clicking here or call the OSU Animal Science Department to register at 405-744-6060.
|Farm Bureau's Buchanan Pushes Back on Misquotes
The Oklahoma Farm Bureau contends that groups in opposition to State Question 777 used comments by their state President Tom Buchanan out of context in order to misguide Oklahoma voters. Buchanan issued the following statement in response.
"The Right to Farm amendment is perfect in its form, and protects both agriculture and the people of Oklahoma into the future. However, critics of the measure have twisted my words in another attempt to mislead voters.
"State Question 777 not only protects farmers and ranchers, but ensures Oklahomans can continue to vote with their dollar as they are offered the healthiest, most abundant and most affordable food supply in history. The use of the compelling state interest language ensures all new legislation is backed by research and science, not on the whims of activist legislators and groups."
Click here for the complete statement released yesterday afternoon- plus links to several resources that will help you learn more about State Question 777.
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