From:                              Ron Hays <> on behalf of Ron Hays <>

Sent:                               Wednesday, May 25, 2016 5:33 AM

To:                                   Pam Arterburn

Subject:                          Oklahoma's Farm News Update




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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 futuresclick here for the report posted yesterday afternoon around 3:30 PM.



Okla Cash Grain:  

Daily  Oklahoma Cash Grain Prices - as reported by the Oklahoma Dept. of Agriculture for Tuesday 5/24/16.



Futures Wrap:  

Our Daily Market Wrapup from the Radio Oklahoma Network - analyzing the Futures Markets from the previous Day.


Feeder Cattle Recap:  

The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.


Slaughter Cattle Recap: 

The National Daily Slaughter Cattle Summary- as prepared by the USDA.


TCFA Feedlot Recap:  

Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.





Our Oklahoma Farm Report Team!!!!


Ron Hays, Senior Editor and Writer


Pam Arterburn, Calendar and Template Manager


Dave Lanning, Markets and Production


Macey Mueller, Web and

E-mail Editor

Oklahoma's Latest Farm and Ranch News

Presented by

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Your Update from Ron Hays of RON

   Wednesday, May 25, 2016



Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 

InhofeFeatured Story:

Senator Jim Inhofe Wants EPA to be Held Accountable for Overreach Regarding WOTUS and Related Rules


U.S. Sen. Jim Inhofe (R-Okla.), chairman of the U.S. Senate Environment and Public Works (EPW) Committee, submitted the following opening statement for the record Tuesday at the Subcommittee on Fisheries, Water, and Wildlife oversight hearing entitled, Erosion of Exemptions and Expansion of Federal Control - Implementation of the Definition of Waters of the United States.  Witnesses included Don Parrish, senior director - regulatory relations, American Farm Bureau Federation; Damien Schiff, principal attorney, Pacific Legal Foundation; Valerie Wilkinson, chief financial officer, EGS Companies; Willam Buzbee, professor of law, Georgetown University Center; and Scott Kovarovics, executive director, Izaak Walton League of America.

As submitted for the record:

I want to thank Senator Sullivan for holding this very important hearing.  This Committee has conducted extensive oversight of both the development and the implications of the new Waters of the United States -- or WOTUS -- rule.  On behalf of Oklahomans and farmers and property owners across the United States, I was very relieved when the 6th Circuit Court of Appeals issued a stay on October 9, 2015 that prevented this rule from going into effect.

However, I have heard concerns that the Corps and EPA are continuing to expand federal control over land and water, without any change in the statute or regulations.

This hearing validates those concerns with concrete examples of how the Corps and EPA are already implementing the expanded federal control that they are trying to codify in the WOTUS rule.  The examples presented by these witnesses are not hypothetical.  They are based on the experiences of farmers, developers, and wetlands experts. 

The WOTUS rule allows use of remote sensing and aerial photographs to assert federal control over dry land.  The testimony presented today demonstrates that the Corps is already regulating land based on information from these tools, even when there is no on-the-ground evidence of a wetland or water.

The WOTUS rule allows use of water that is below the surface of the land to assert federal control.  The testimony presented today demonstrates that the Corps is already claiming that ground water and even water in soil creates federal jurisdiction. 

The WOTUS rule erodes ordinary farming exemptions with its broad definition of tributary.  The testimony presented today demonstrates that federal officials are claiming authority over farming activities even on land that has no streams and no wetlands.  As far as EPA and the Corps are concerned all plowing is regulated and the farming exemptions no longer exist.  




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We are the state's largest agricultural lending cooperative, serving 60 Oklahoma Counties.  To learn more about Oklahoma AgCredit, click here for our website or call 866-245-3633.




HouseAgHouse Ag Subcommittee Gets Earful About Unneeded Federal Regulations


Rep. David Rouzer (NC-7), Chairman of the House Agriculture Committee's Subcommittee on Livestock and Foreign Agriculture, held a hearing Tuesday on the market outlook for the livestock, dairy and poultry sectors. This was the final hearing in the Focus on the Farm Economy series, where each of the six subcommittees examined the growing pressures in rural America from the perspective of their subcommittee. Members heard from a panel of witnesses who highlighted the current conditions farmers and ranchers are facing as well as their concerns with recent and proposed regulations.

"Many farmers and ranchers across rural America are facing significant financial challenges. Producers are experiencing a decrease in commodity prices with no relief in sight, markets are weak, and over the past three years, net farm income has fallen by 56 percent. Farmers are facing razor tight margins, making them even more vulnerable to any additional regulatory burdens. It remains unclear why Secretary Vilsack recently decided to move forward with costly GIPSA regulations, and what we heard today illustrates the disastrous consequences these intrusions will have on livestock markets," said Subcommittee Chairman Rouzer.

"With the growing stress in farm country, the last thing our producers need are costly new regulations.  Nonsensical EPA regulations like those addressing Waters of the United States, or impending USDA rules interfering with the efficiency of livestock markets will have a disastrous effect on markets that are already in a weak state. As the Committee has explored the broader impacts and sweeping consequences this economic downturn is having on rural America, we must work together to provide our farmers and ranchers with the necessary tools to compete in the global marketplace," said Agriculture Committee Chairman K. Michael Conaway.



Click here to view the webcast of the full hearing.


ReactNCBA, NPPC Weigh In During House Ag Subcommittee Hearing


Leaders from both the National Cattlemen's Beef Association and the National Pork Producers Council testified Tuesday before the House Agriculture Committee's Subcommittee on Livestock and Foreign Agriculture.


NCBA President Tracy Brunner stressed to the subcommittee that over-regulation poses the greatest threat to the profitability of cattle producers.



"Today we ask for no direct action from our government in our cattle marketing systems and forums," said Brunner. "The cattle industry relies on the transparency of price discovery to send clear signals up and down the beef supply chain. We have recognized the volatility in the cattle futures market and we are working directly with the CME Group to find ways to address it. Our joint NCBA/CME working group is analyzing potential changes to ensure the markets work for producers who are using these tools to manage their market risks. Without futures contract integrity, our industry will abandon the use of these markets as a risk management tool."



Click here to read more about Brunner's testimony.



A challenge of particular concern to the pork industry is proposed rules from the U.S. Department of Agriculture related to the buying and selling of livestock, said NPPC board member David Herring, a pork producer from North Carolina who testified on behalf of NPPC.

USDA is reproposing parts of the so-called GIPSA (Grain Inspection, Packers and Stockyards Administration) Rule, which first was proposed in 2010 to implement provisions included in the 2008 Farm Bill. The regulations, however, went well beyond the Farm Bill provisions and would have had a significant negative effect on the livestock industry, according to analyses. A November 2010 Informa Economics study of the rule found it would have cost the pork industry more than $330 million annually.

Herring also reiterated NPPC's support for the Trans-Pacific Partnership, telling the subcommittee the benefits of TPP will exceed all past free trade agreements and represents a great opportunity for U.S. pork producers and for the entire U.S. economy.



"Because other Asia-Pacific trade agreements are being negotiated without the U.S.," Herring testified, "the United States can't afford either economically or geopolitically to walk away from the fastest growing region in the world. Congress must pass the TPP, and it must do so soon."



Click here to read more about Herring's testimony.


BeefBuzzStaying Current is Key to Cattle Feeding Profits - Derrell Peel Explains


Cattle feedlots are continuing to see a quicker turnover rate as they market cattle more aggressively, and Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, says staying current could mean staying in the black moving forward.

"The supplies are there; the price relationships have adjusted - that's a big key to that," he says. "In fact we're at the point now where from this point forward, feedlots can see some potential for positive margins."

Peel says as long as the futures market continues to distant months relative to the current cash market, feedlots will have incentive to pull cattle forward.

"It keeps us caught up with numbers, which are going to continue to trend up, but also importantly, what's it's done is pull the carcass weights down over the last few months," he says.

Peel says feedlots staying current helps the overall market balance itself.

"This industry in many ways, from top to bottom, I think now is sort of working historically the way we think it ought to work in some sense," he says. "We've been through a lot of stuff the last couple of years where that simply wasn't the case. For various reasons, the sectors just really didn't seem to kind of in balance with each other."

As herd numbers continue to increase, Peel says cow-calf producers can expect revenues to come down. He says that can be mitigated by reducing costs and managing margins.

When it comes to the stocker sector, Peel says current corn prices mean cheaper cost of gain.

"There's not as much margin at the stocker level as there has been in the past, and stocker producers need to be aware of that," he says. "Keep an eye on that corn market; that's the one thing that could change that as we go through the year."



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GouleGoule Selected as New NAWG CEO


The National Association of Wheat Growers (NAWG) announced Tuesday the selection of Chandler Goule as its new Chief Executive Officer. Goule, currently Senior Vice President of Programs at the National Farmers Union (NFU), comes to NAWG with eleven years of agriculture policy experience on the House side of Capitol Hill and will assume the role of Chief Executive Officer beginning July 5. NAWG has been conducting a nation-wide search for a new Chief Executive Officer to fill the vacancy left by Jim Palmer, who announced in April his intention to step down to spend more time with family and on his Missouri farm.

"NAWG is very pleased to have Chandler on board," said NAWG President Gordon Stoner, a wheat grower from Outlook, Montana. "With our industry at a critical juncture, we know that with Chandler's guidance, NAWG will be in a great position to advocate on behalf of all wheat farmers. We are delighted to have such a talented and experienced person lead our D.C. staff."

In addition to his NAWG CEO responsibilities, Goule will also serve as the executive director of the National Wheat Foundation (NWF).

"Wheat has many challenges ahead, and we know Chandler is up to meeting them all head-on," said NWF Chairman Phil McLain, a North Carolina wheat grower.



Want to Have the Latest Energy News Delivered to Your Inbox Daily?


Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains- Click here to subscribe to his daily update of top Energy News.


CornStudy Shows Corn Exports Add $74.7 Billion To U.S. Economy


Exports of U.S. corn and corn products generated $74.7 billion in annual economic output in 2014, with sales of all U.S. feed grain products contributing $82 billion, according to a new analysis conducted by Informa Economics.

According to the analysis, the export of corn and corn products increased the U.S. gross domestic product (GDP) by $29.8 billion over what would have occurred without such exports. The number of full-time equivalent jobs linked directly or indirectly to corn exports totaled 332,787.

All feed grains examined - corn, corn products, sorghum and barley - increased the U.S. GDP by $33 billion over what would have otherwise occurred, affecting 371,536 jobs. 

"Corn - whether in the form of feed, ethanol, or meat and dairy - is a major driver of the U.S. farm economy. Exports impact not just farmers and ranchers, but the entire U.S. economy," said National Corn Growers Association President Chip Bowling, a farmer from Newburg, Maryland. "That's why it's so important that farmers and ranchers have access to international markets, and why we need global trade agreements such as the Trans-Pacific Partnership that give us a chance to compete."



Click here to read more about the impact corn is making in the export market and find a link to the full analysis.


PorkOklahoma Pork Council Sponsors Pre-Memorial Day Blood Drives - May 26 & 27


Blood donors who boost community supplies for the Memorial Day holiday weekend will enjoy pulled-pork sandwiches at all Oklahoma Blood Institute (OBI) donor centers. The blood drive, Thursday and Friday, May 26 and 27, from 9 a.m. to 4 p.m., is sponsored by the Oklahoma Pork Council (okPORK). 

In the metro-OKC area, donors can participate at:

Central OKC, 901 N. Lincoln Blvd.

North OKC, 5105 N. Portland Ave.

Edmond, 3409 S. Broadway

Norman, 1004 24th Ave. N.W.


More details about the food drive can be seen in our web story- available here.




BudgetBudget Deal Completed- and It's Expected the State Legislature Will Wrap Up by Friday- Sine Die


Oklahoma Governor and lawmakers have reached a budget agreement on Tuesday. 


Governor Mary Fallin, Senate President Pro Tempore Brian Bingman and House Speaker Jeff Hickman reached a 2017 fiscal year budget agreement that maintains common education funding at current levels, averts closures of hospitals and nursing homes and closes $969.3 million of the $1.3 billion budget gap policymakers faced this legislative session


If passed by the Legislature, the agreement would set FY 2017 appropriation levels at $6.78 billion, which is $360.7 million, or 5 percent, less than FY 2016 appropriations prior to the midyear revenue failure and $67.8 million, or 1 percent, less than FY 2016 appropriations as adjusted by the midyear revenue failure.


The $1.3 billion budget hole was the largest in state history. Facing that gap, public schools braced for state aid reductions of up to 20 percent and the Oklahoma Health Care Authority had prepared to initiate provider rate cuts of up to 25 percent, which would have caused some hospitals and nursing homes statewide to close or dramatically reduce services.


"Thankfully, those worst-case scenarios can be averted by passing this budget," said Governor Mary Fallin. "This agreement closes a sizeable portion of a monumental budget hole and prevents the dire, unacceptable outcomes so many Oklahomans have feared may happen this session. There are still reductions in this budget, and it requires more hard votes to pass, but it is certainly a workable budget even amid a major energy sector downturn that is creating difficulties all across Oklahoma. We worked hard to protect key core services - common education, health and human services, corrections, mental health services and the Oklahoma Health Care Authority - while keeping our eight-year transportation infrastructure plan intact."


Click here to see the complete budget spreadsheet.


It appears that the Oklahoma Department of Ag will receive a 10.6% budget reduction from the original FY16 budget for FY17- while the Oklahoma Conservation Commission faces a 9.22% budget cut from the original FY16 budget set at this time a year ago.  


Legislative leaders said the agreement can be passed through the Legislature by Friday's 5 p.m. constitutional deadline to adjourn Sine Die.


"For months, the public has been concerned about the possibility of four-day school weeks and mass closings at rural hospitals and nursing homes because of drastic budget cuts. The budget agreement is a practical solution that closes the shortfall while avoiding extreme cuts and worst-case scenarios in our schools, our hospitals and nursing homes," Senate President Pro Tempore Brian Bingman said.


"This agreement fully reflects the House Republican priority to see that schools are protected, hospitals stay open and road projects stay on track. It is a balanced approach that reins in tax breaks, responsibly bonds long-term infrastructure and causes agencies to make the difficult spending reductions necessary in a historic oil bust. House members worked harder than ever this session to find conservative solutions to the greatest budget challenge of our generation and we have those solutions in this agreement. We committed months ago to leading our state out of this hole and now we must be committed to seeing this budget through to the finish line," House Speaker Jeffrey W. Hickman, R-Fairview said.






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