From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Friday, June 21, 2013 6:42 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update


 
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.

 

 

Let's Check the Markets! Our Market Links are Presented by Oklahoma Farm Bureau Insurance

 

Ok Farm Bureau Insurance  

 

Today's First Look:  

 

Ron on RON Markets as heard on K101  

mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.

 

 

We have a new market feature on a daily basis- each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS Futures- and Jim Apel reports on the next day's opening electronic futures trade- click here for the report posted yesterday afternoon around 5:30 PM. 

 

 

Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.

 

Canola Prices:  

Cash price for canola was $11.34 per bushel- based on delivery to the Northern AG elevator in Yukon yesterday. The full listing of cash canola bids at country points in Oklahoma can now be found in the daily Oklahoma Cash Grain report- linked above.

 

Futures Wrap:  

Our Daily Market Wrapup from the Radio Oklahoma Network with Jim Apel and Tom Leffler- 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.

 

Oklahoma's Latest Farm and Ranch News
 
Your Update from Ron Hays of RON
   Friday, June 21, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
FarmBillDefeatFeatured Story:
What Happened?!?!?! SNAP Your Fingers and The Farm Bill Disappears in the Smoke  

 

 

For the first time in history (Dating back to the 1930s), the House has rejected a farm bill, with the final vote announced as 195 to 234.  

 

Democratic support for the bill evaporated in the final couple of hours before the midday vote, as several highly partisan amendments were considered, including one that had House Majority Leader Eric Cantor taking to the floor to endorse, demanding reform of SNAP.  Top Democrat on the House Ag Committee, Collin Peterson, told reporters after the vote that "I did have more Democrats."  The last straw, according to Peterson, was the Cantor- backed amendment that would have given the states the option to imposing work requirements on food stamp recipients.  Democrats howled at the suggestion of the plan- and it passed by a straight line party vote.  After that vote- Peterson contends that he had people come to him and say that "I was with you, but this is it.  I'm done."  

 

Chairman Frank Lucas offered a brief statement after the defeat saying "I'm obviously disappointed, but the reforms in H.R. 1947- $40 billion in deficit reduction, elimination of direct payments and the first reforms to SNAP since 1996 - are so important that we must continue to pursue them. We are assessing all of our options, but I have no doubt that we will finish our work in the near future and provide the certainty that our farmers, ranchers, and rural constituents need."  

 

This statement came after Lucas offered an passionate plea to members to set aside the partisanship and advance the bill- click here for our story that has the audio of his comments- we also have a link of how members voted. 

 

Chairlady of the Senate Ag Committee, Debbie Stabenow, called the defeat of the measure in the House unacceptable and told the House leadership to get their act together and get a bill out of the House to where a conference with the Senate can happen.   Click here for Senator Stabenow's statement.

 

Ag Secretary Tom Vilsack also weighed in Thursday afternoon- click here for his expression of disappointment. 

 

 

After the vote was finally announced- it was delayed as last minute arm twisting failed to sway any votes- cheers were heard from the Democratic side of the aisle- and the rancor level was turned up a notch or three as Eric Cantor and Stenny Hoyer  played the Capitol Hill version of the blame game. We have the video and audio of the exhange- click here to check out one or both.

 

 

Sponsor Spotlight

 

 

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! 

  

 

 

We are delighted to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors.  They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol.  They seek to educate OCA members on the latest production techniques for maximum profitabilty and to communicate with the public on issues of importance to the beef industry.  Click here for their website to learn more about the OCA. 

 

groupsmostlyGroups Disappointed and Frustrated With Defeat of House Farm Bill 

 

Reaction to yesterday's defeat of the House version of the 2013 farm bill was mostly frustration and disappointment, but a couple of groups said they were relieved the bill did not pass.

 

Oklahoma Farm Bureau President Mike Spradling summed up the feelings expressed by most farm organizations:  "We are extremely disappointed in the vote against the farm bill.  Oklahoma's farmers and ranchers need a farm bill now to help them plan for their next crop. No business can successfully operate without a plan and this negative vote will indefinitely delay business decisions."

 

Terry Detrick of the AFR-OFU also expressed regrets over the stunning turn of events. "The House of Representatives turned their backs on rural America today. National farm policy, which has historically provided the cheapest, safest, most plentiful and most available food supply in the world was disregarded over partisan politics-not just between Republicans and Democrats, but three ways including the split Republican majority.  

"Peterson stated he had 40 Democrat votes for the bill until Republican leadership tried one last ditch effort to make SNAP benefits more difficult to obtain and another to remove a supply-management provision from the new dairy margin insurance program. Those changes cost 16 Democrat votes. Likewise, Lucas found his far right-wing members refusing to support their own committee chair who apparently worked too hard to achieve bipartisanship.

"We are proud of the Oklahoma delegation members that supported their chairman on this bill.  We are disappointed Congressman Bridenstein (R-Tulsa) chose to vote NO. "

 

 

There were those that are delighted with the failed vote. Scott Faber, the senior vice president for government affairs with the Environmental working group applauded the bill's defeat.   "The full House was right to reject a bloated farm bill that increases subsidies for the largest and most successful farm businesses, while needlessly cutting programs designed to help feed the hungry and protect the environment... This should be a wake-up call to lawmakers to produce a farm safety net that is equitable, fiscally responsible, and protects our food, family farms, and the environment."

 

Click on the group's name below to read their response to the farm bill's defeat.

 

American Farmers & Ranchers-OFU  

Oklahoma Farm Bureau   

American Farm Bureau 

American Soybean Association 

Dairy Farmers of America 

Environmental Working Group 

National Cattlemen's Beef Association 

National Corn Growers Association 

National Cotton Council 

National Rural Electric Cooperative Association 

National Sorghum Producers 

National Wildlife Federation 

  

 

 

senatorsraiseSenators Raise Questions about Government Review Process Over Chinese Acquisition of Smithfield

 

Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, Senator Thad Cochran, Ranking Member of the Committee, and a bipartisan group of Agriculture Committee members, raised questions regarding government oversight of the proposed purchase of Smithfield Foods and future foreign acquisitions of American agriculture companies. In a letter, the Senators urged Treasury Secretary Jacob Lew to include both the U.S. Department of Agriculture and the Food and Drug Administration in the review of the proposed purchase of Smithfield foods so that the oversight process includes experts on the American food supply and food safety.

The proposed acquisition by Shuanghui International, a Chinese food company, will undergo a national security review by the Committee on Foreign Investment in the United States (CFIUS), and the Treasury Secretary has the authority to add the agencies to the review process.

The senators said that the foreign purchase of such a significant American agricultural company-the largest acquisition of any American company by a Chinese company in history-raises a number of broader questions about how such transactions are reviewed and whether the appropriate authorities are evaluating risks and ensuring American interests are protected. The senators questioned whether reviews of these sales are adequately reviewed to take into account American national security interests, uphold food safety standards, whether overall trends in foreign ownership of the American food supply are examined, and whether appropriate measures are in place to safeguard American intellectual property.

You can read the full letter as well as a list of those who signed it by clicking here.  

 

 

nacdsubmitsNACD Submits Comments on Threatened Species Rule Proposed by FWS

 

The National Association of Conservation Districts (NACD) submitted comments  regarding the U.S. Fish and Wildlife Service (FWS) proposed rule on listing the lesser prairie-chicken as a threatened species (Docket No. FWS-R2-ES-2012-0071).

"Ongoing conservation work is effectively contributing to the recovery of the lesser prairie-chicken," said NACD President Earl Garber. "Through proactive, voluntary, locally led conservation practices, stakeholders have collaborated to enhance both the health of the land and the health of the species. Based on these efforts, we believe that if this work is sustained, a threatened or endangered listing is not necessary."

As the FWS continues work to identify the range of the species, critical habitat, threats, conservation practices, impacts, and other factors surrounding lesser prairie-chicken recovery, it is important that any decisions or determinations be based solely on sound scientific data. 

 

You can read more of this story by clicking here

 

  

raboagrifinanceRabo AgriFinance Report Finds Corn Margins to Tighten Significantly

 

As growth in demand for biofuels begins to slow and Chinese grain demand remains uncertain, U.S. corn prices could be pressured to below breakeven levels, according to a new report from the Rabobank Food & Agribusiness (FAR) Research and Advisory group.

The report, "AgFocus: Bracing for Tightening U.S. Grain Margins," notes softer medium-term prices could lead to a contraction of 5 to 6 million U.S. acres as growers look toward other crops.

"The three largest drivers of U.S. grain prices over the next few years will be demand from the U.S. ethanol industry, import demand from China and supply performance in Brazil," says report author and Rabobank Food & Agribusiness Research and Advisory (FAR) group Vice President, Sterling Liddell.

 

Click here for more. 

 

 

kimandersonKim Anderson Lays Out Marketing Strategies for Recently-Harvested Wheat

 

In his audio preview to this week's SUNUP show, Oklahoma State University Extension Grain Marketing Specialist Kim Anderson talks about marketing plans for this year's wheat crop. He says prices this year are about a dollar higher than last year and that dictates a different strategy.

"If you compare them to last year, it was almost the same supply and demand situation projected. Ending stocks were slightly below average for the U.S. and the world. We've got prices 80 cents higher than they were last year. Also, one of the surprises is that the basis for last year was -30 or -40 cents under the July-September contract. This year, in parts of the state, it's even or seven cents less. In other words, the basis is 20 to 25 cents, maybe even 30 cents in some areas, higher than last year."

In the current climate, Anderson says he would sell half his crop now and store half to see where the markets go. 

 

You can here more of Kim's analysis as well as see the lineup for this week's SUNUP show by clicking here.
 

 

DroughtDrought Improves- But for How Long? 

 

 

Associate State Climatologist Gary McManus says the latest drought map shows improvement across Oklahoma, but it may be the last to show that for a while. An upper-level ridge of high pressure appears ready to park itself over the Southern Plains, decreasing chances for rain over the next week to ten days.

 

We have the latest Drought Monitor map that was released on Thursday morning- showing that almost half of Oklahoma is now out of drought just as enter the hot dry part of the year.

 

Click here to read more of Gary's thoughts on current weather conditions- and for a chance to see the state Drought Monitor map.

 

 

Our thanks to Midwest Farms Shows, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, Chris Nikel Commercial Trucks, American Farmers & Ranchers, CROPLAN by Winfield , KIS Futures and the Oklahoma Cattlemen's Association 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- FREE!

 

We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.

Click here to check out WWW.OklahomaFarmReport.Com 

 

 

God Bless! You can reach us at the following:  

 

phone: 405-473-6144

 

 


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