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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.
Finished cattle prices
dipped Wednesday compared to last week on FedCattleExchange.com - 772 cattle were sold with the weighted average price this week at $117.68. Click here to see their complete market results.
OKC West reported yearlings sold 6.00 to 8.00 lower Wednesday, on a light test - click or tap here for a look at the July 26th sale results.
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:
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, July 27, 2017
Chairman Mike Conaway Leads House Ag Committee in Hearing on Opportunities for Ag Industry Presented by NAFTA Renegotiations
More hearings were held on Capitol Hill, Wednesday, this time called at the behest of House Ag Committee Chairman Mike Conaway.
Opportunities for the agriculture industry, presented by the upcoming NAFTA renegotiations, were highlighted at yesterday's hearing - which featured the testimony of several livestock and commodity interest groups. And, while many admit, there are some areas in the agreement where agriculture could benefit from a modernization of terms, the sentiment of most groups was summed up best by the National Association of Wheat Growers - who's warning to Congress was simply - "Do No Harm."
The good news is, the government and the ag industry seem to be on the same page with NAFTA. US Trade Representative Robert Lighthizer's office announced earlier this month, its goals for the renegotiation - which included keeping the reciprocal free-trade access status for agricultural products, untouched.
"Trade is vital to U.S. agriculture and nowhere is it more important than with our neighbors to the North and South," stated Conaway in his opening remarks. "While I recognize there is a level of angst about renegotiating an agreement that has provided so many hard-fought gains, our nation stands to benefit from renegotiating a deal that provides additional market access and tightens trade enforcement. As the administration prepares to renegotiate NAFTA, I will continue working diligently with Amb. Lighthizer and Sec. Perdue to ensure we achieve the best deal possible for American agriculture."
For a complete list of witnesses from yesterday's hearing, click here
, or watch a video of the hearing on the archived webcast, here
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation. National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220.
|Cattle and Wheat Interests Weigh In on NAFTA's Significance to Agriculture Community
At yesterday's hearing before the House Ag Committee, two interest groups among others, the National Cattlemen's Beef Association and the National Association of Wheat Growers, gave testimony both with the position on the upcoming NAFTA renegotiations. The groups advocate that no harm should come to the gains made by the ag industry under NAFTA - only that trade opportunities should be improved.
"Quite frankly, it is difficult to improve upon duty-free, unlimited access to Canada and Mexico, and we are pleased to see the Office of the U.S. Trade Representative announce its support for continued reciprocal duty-free access," NCBA CEO Kendal Frazier told members of the U.S. House Committee on Agriculture. "Even still, our message remains the same: please do no harm and do not jeopardize our access."
In addition, Frazier warned members not to resurrect the failed, Country of Origin Labeling law, for meat products. He explained that when the law was in effect, it failed to meet its intended purpose of strengthening consumer trust. It's only result, he said, was retaliatory tariffs by Canada and Mexico, which he reminded members could be reinstated if COOL returned.
To listen to Frazier's full remarks during yesterday's hearing, click here
NAWG President David Schemm, was also direct in his summation of his industry's sentiments on NAFTA, in agreement with NCBA's comments.
"NAWG agrees that renegotiation can set the stage for a stronger trade agreement, but as any trade agreement covers many different areas, we must ensure that a meaningful ag piece of the renegotiation process doesn't get undermined or retaliated against," said Schemm.
Schemm said in his statement that NAWG would support the confirmation of Greggory Doud as chief negotiator for the US in this exercise, but with the condition - as Frazier emphasized - that no harm come to ag's gains in trade under NAFTA.
To read more of Schemm's comments regarding the NAFTA renegotiations scheduled to commence August 16th, click or tap here.
|Healthcare's Important, Sure... But When Will Trump Make Good on His Promise to Kill the Death Tax?
of the National Cattlemen's Beef Association's Washington, D.C. office, follows tax issues on behalf of US cattle producers. I caught up with Beck at the recent Cattle Industy Summer Business Meeting to find out where the country stands on tax reform and if promises made by President Trump
regarding changes to the tax code are likely to be delivered on. Specifically, Hays inquired about the permanent repeal of the Estate Tax, or what is commonly known as the Death Tax.
"President Trump is a businessman. Healthcare is something that he made a promise on and he's working hard to deliver on that but I don't think that anyone in the White House is nearly as excited about healthcare as they are about tax reform," Beck said. "Tax reform lays strongly in his wheelhouse."
While tax reform has taken a bit of a backseat to healthcare since the election, though, it is still very much a priority of the President's and of Congress, says Beck. Since the inauguration, she reports the administration has been working with Congress to come up with a suitable plan. She believes some sort of package may emerge this fall, after the August recess. NCBA is optimistic this go around will not be a repeat of Congress' repeal of the Death Tax that was only temporary in its execution.
"I don't think our producers can live with a temporary repeal," she said. "The House is still intent upon moving forward with their blueprint reform and the Senate I think has been weighing in slowly but cautiously - much like the Senate does. It's been interesting to watch this process unfold."
Listen to Beck and I discuss the potential for full, permanent repeal of the Death Tax and other tax related reforms in the pipeline that could impact beef producers, on yesterday's Beef Buzz - click or tap here.
In appreciation of the attention paid to the economic interest of the poultry industry, the National Turkey Federation, National Chicken Council and USA Poultry and Egg Export Council, expressed their gratitude in a statement towards a bipartisan coalition of senators that penned a letter to Secretary of Agriculture Sonny Perdue, requesting his swift action in regaining market access to China for US poultry products.
A group of 37 Senators led by Sen. Thad Cochran and Sen. Mark Warner, are calling for the end of a ban imposed on US chicken and turkey products in 2015 by the Chinese government after the detection of a single wild bird with Highly Pathogenic Avian Influenza in the US.
"Poultry producers are pleased to see a third of the Senate, led by Senators Cochran and Warner, call for swift progress to end China's ban on U.S. poultry," stated both National Turkey Federation and National Chicken Council. "It is critical that we continue to develop an open trading relationship with the Chinese."
According to a statement released by the NCC, the value of poultry exports from the U.S. to China was $71 million for turkey and $722 million for chicken, at its peak before the ban was enacted.
Read that entire release issued by the National Chicken Council on behalf of the collective US poultry industry on our website, by clicking here
For nearly a century, Stillwater Milling Company has been providing ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling'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.
|Brazil's Decision to Delay Tariff on US Ethanol Imports Encourages Renewable Energy Stakeholders
Ethanol and renewable energy stakeholder groups were encouraged by Brazil's action, yesterday, delaying a decision to impose a tariff on US ethanol imports.
The delay extends the decision's implementation by 30 days. When and if the measure is actually implemented, it would
impose a 20 percent tariff on U.S. ethanol imports. after an initial 500 million liters (132.1 million gallons) annually of U.S. ethanol imports before triggering the tariff.
Speculators say this proposed tariff goes against the country's traditional belief that ethanol tariffs are inappropriate and will harm the development of the global ethanol industry.
In a joint statement, U.S. Grains Council President and CEO Tom Sleight, Renewable Fuels Association President and CEO Bob Dinneen and Growth Energy CEO Emily Skor said, "We are encouraged to see Brazil's postponement on a decision regarding a pending proposal to impose tariffs on U.S. ethanol imports. This decision should not be taken lightly, as imposing tariffs on U.S. ethanol imports will hurt Brazilian consumers by driving up their costs at the pump.
"We will continue to work towards educating Brazilian policymakers on how misguided this tariff would be, which would harm consumers by denying them access to the lowest cost, cleanest and highest octane source of fuel in the world."
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As part of its new community outreach program, the Oklahoma Oil & Gas Association sponsored its first STACK Summer Classic pig show in Kingfisher this past Saturday. More than 100 youth and 275 pigs from across the state participated in the inaugural event.
"The STACK Summer Classic was an excellent evening of celebrating Oklahoma's youth and their hard work on their livestock projects," said Bray Haven, OKOGA field representative. "The turnout was larger than we expected for it being the first year of this event. The oil and natural gas industry had a strong showing as well, with oil and gas employees whose kids competed in the show and others who came simply to show their support for the youth and to build relationships in the community. OKOGA member companies want to be good partners in the areas where we have active development. Our hope is this event is one of many to show our commitment to Oklahoma's communities and their local economies."
The Grand Champion prize of $1,000 in cash went to Ty Goss of the Leedey FFA chapter and the Reserve Champion prize of $500 cash went to Garrison Straka of the El Reno's 4-H chapter.
"OKOGA member companies made this event a resounding success," Bray said. "Due to sponsorships from OKOGA member companies, every dollar the youth paid to enter the contest was given right back out in cash awards."
to learn more about the inaugural STACK Summer Classic pig show, put on by the folks at OKOGA.
|Michael Peters of Okarche to Serve as Chairman of the Oklahoma Wheat Commission for 2017-2018
At their regular July Board Meeting, the Oklahoma Wheat Commission has installed new officers for its 2017/2018 fiscal year. Michael Peters
from Okarche, OK, District 3 Commissioner was appointed the new Chairman by his fellow board members. David Gammill
from Chattanooga, OK, District 4 Commissioner became Vice-Chairman and Don Schieber
from Ponca City, OK, District 5 Commissioner will serve as Secretary-Treasurer. Kenneth Failes
from Cherokee, OK, District 1 Commissioner and Tom Stephens
from Guymon, OK, District 2 Commissioner will serve as members.
Here's Michael receiving the gavel from outgoing Chair Tom Stephens:
"I am excited about my appointment as Chairman to the Oklahoma Wheat Commission, Peters said, and it is an honor to continue to serve the wheat farmers in Oklahoma." Peters has been farming for over 26 years and is active in his community with the rural fire department association, St. John's Lutheran Church, board member of the CHS Coop in Okarche and member of the Oklahoma Wheat Growers Association and U.S. Wheat Associates. Click or tap here
to read more.
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