From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Thursday, July 11, 2013 7:17 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 $10.42 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
   Thursday, July 11, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
FarmBillDiceGOP House Leadership Roll the Dice- Hoping for 218 Republicans to Support Farm Only Farm Bill  

 

  
House Majority Leader Eric Cantor says a farm-only farm bill will be the only bill considered by the House on Thursday morning, July 11th. The House Rules Committee met late Wednesday on the bill, H.R. 2642, and granted a closed rule for floor consideration. Cantor says the first votes will take place between 9:30 and 10:30 Central time(this will be a vote on the rule to proceed with the Farm Only Farm Bill) - with the last votes between 11:30 and 12:30 Central time(for the Farm Only Farm Bill itself).

It is still unclear this morning if the House leadership has the 218 votes needed to pass the bill. The measure is the committee-passed farm bill as amended on the floor minus the nutrition title. But the legislation would also repeal the 1938 and 1949 permanent law provisions and make the 2013 Title I permanent law going forward.

We have stories with audio from House Ag Committee Chairman Frank Lucas as he appeared last night before the Rules Committee.  Click here for our story where Lucas lays out his case for what he called the "best possible alternative we have to crafting comprehensive policy."  This story includes an overview of what the bill accomplishes and also has a link to the entire 600 pages of the bill that comes under the closed rule this morning.

Later in the evening- Massachusetts Congressman Jim McGovern quizzed Lucas about why make the change in the Permanent Farm Law from the 1949 Act to the 2013 Title I.  Click here for our story that has the Q&A between Lucas and McGovern over this very significant development- especially if the measure survives on the floor later today.

We also have the Q&A that Chairman Lucas had with Louise Slaughter of New York about what the options are with Nutrition with it being stripped out of the Farm Only Farm Bill.  Click here to listen to what Lucas sees as far as Conference Committee Options and possible Stand Alone Bill options.


 

Sponsor Spotlight

  

It is great to have as a regular sponsor on our daily email Johnston Enterprises- proud to be serving agriculture across Oklahoma and around the world since 1893. Service was the foundation upon which W. B. Johnston established the company. And through five generations of the Johnston family, that enduring service has maintained the growth and stability of Oklahoma's largest and oldest independent grain and seed dealer. Click here for their website, where you can learn more about their seed and grain businesses.  

 

 

We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma farmers & ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555- 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.   

 

 
RollCallRoll Call Quotes Collin Peterson as a "NO"  

 

 

Matt Fuller with Roll Call writes that the top Democrat on the House Ag Committee wants nothing to do with a Farm Only Farm Bill. In his latest report, Fuller writes "The Agriculture Committee's ranking Democrat, Collin C. Peterson of Minnesota, released a statement Wednesday night saying he would not be supporting the measure.

 

"I still believe splitting the farm bill is a mistake in the long run," Peterson's statement said. "They are ignoring the advice of most of the groups affected by the bill, and I see no clear path to getting a bill passed by the House and Senate and signed by the President."

 

"Rep. Alcee Hastings, D-Fla., said if Peterson votes against the measure, then he would be "hard put to get more than two or three Democrats to vote for it. You heard me."

Minority Whip Steny H. Hoyer, D-Md., said on Wednesday he hoped no Democrats would vote for the GOP proposal. "It's a terrible, misguided approach," he said. "They're obviously a deeply divided party."

 

"The farm bill failed because of a lack of bipartisan support," Hoyer said. "They lost 62 Republican votes. Well, if that's the case what would the rational response be? Well, we need more Democrats. What do you do? You move toward the Democratic position. They moved in exactly the opposite direction."

 

Click here to read his full report on the Farm Only Farm Bill push that may culminate in a vote late Thursday morning.

 

 

 

ObamaNoObama Administration Hates House Ag Committee Farm Bill- With or Without the Nutrition Title 

 

 

For the second time in as many months, the Obama Administration has rattled the veto threat in advance of a vote on a 2013 farm bill House vote.  Back in June, they did not like the twenty billion dollars in spending cuts to the Nutrition title and urged a no vote then.  Last night, the story was that the President does not like the idea of having no Nutrition title (and as a result- NO spending cuts to the Nutrition programs) and again urged a NO vote and threatened veto.

 

Click here to read the brief statement from the Administration regarding H.R. 2642.

 

 

  

SmithfieldSmithfield Sale to Chinese Worrisome to Senate Ag Committee

 

 

The Senate Agriculture Committee met Wednesday to examine the proposed purchase of Smithfield Foods by China's Shuanghui (shawn-way) International. Committee Chair Debbie Stabenow stressed the importance of taking a long-term view of the proposed acquisition - saying the purchase would be precedent-setting as it would represent the largest purchase of a U.S. company by a Chinese firm ever.  

 

The Committee hearing looked at how the government review process of foreign acquisitions of U.S. companies addresses American food safety, protection of American technologies and intellectual property and the effects of increased foreign ownership of the U.S. food supply. Smithfield CEO Larry Pope and experts on U.S.-China trade relations, global business, food safety and foreign acquisitions testified before the Committee.


Pope was the major cheerleader for the deal. "It provides enormous benefits for our two companies, for American manufacturing and agriculture. It is a partnership that is all about growth, and improving the agricultural environment in both the US and China. 

 

Click here to read more of Pope's comments and more.

 

 

 

RCalfR-Calf and NFU Team Up (with other smaller groups) to Claim National Security and Food Safety Risks if Smithfield Deal Allowed

 

 

The National Farmers Union, R-Calf and others have joined together in writing to the Cabinet officers of the Obama Administration, telling them it's imperative that the Smithfield sale be stopped dead in its tracks.

 

The groups wrote that the proposed sale "poses an unacceptable national security risk, undermines the safety and security of the U.S. food supply, threatens the environment and economy of rural communities, provides significant taxpayer-financed technology and intellectual property to foreign competitors and will raise the cost of food for American consumers."

 

Click here to read more of the story and for the link to the entire letter.

 

 

WoodallColin Woodall Offers Us the NCBA Take on Lawsuite Against USDA Over COOL Rule  

 

 

A lawsuit has been filed in the U.S. District Court for the District of Columbia to block the mandatory country-of-origin labeling rule finalized by USDA in May. The suit - filed by eight organizations that represent the U.S. and Canadian meat and livestock industries - challenges the rule from three angles. First - the groups claim the rule is unconstitutional. They argue the final rule violates the Constitution by compelling speech in the form of costly and detailed labels on meat products that don't directly advance a government interest. The lawsuit contends the government can't require the labels because they offer no food safety or public health benefit - yet impose costs the government modestly estimates at 192-million dollars. They also argue the rule goes beyond the bounds of the original law and that it is arbitrary and capricious.


One of the organizations involved in this legal action is the National Cattlemen's Beef Association.  We talked on Wednesday with Colin Woodall of the NCBA's Washington office- and we have his take on the COOL rule and the litigation being brought by these eight groups.

Click here for our latest Beef Buzz- featuring our conversation with Colin Woodall of the NCBA.  

 

 

ComingUpComing Up- USDA Releases Supply Demand Numbers at 11, Coverage Ag in the Classroom at Major State Ed Meeting and Canola 

 

USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Thursday.

 

According to Darin Newsom of DTN- it's all about the corn numbers this month- " Domestic ending stocks of new-crop corn. That's it. The sum total of what traders, analysts and reporters will be looking at in the July round of USDA numbers. Sure, I could go on and on about this, that and the other thing, but in the end, all that will matter will be what USDA pulls out of its hat for domestic corn ending stocks.

 

"Pre-report estimates showed an average of 1.874 billion bushels (2013-2014), as compared to the June estimate of 1.949 bb. The fact the average estimate is lower than the previous month is interesting, pointing out once again how meaningless pre-report estimates actually are. The logic of a lower ending stocks number is murky at best given USDA's increased planted acreage number and the strong possibility it could add the 1.5 bushels per acre back to national average yield it took away in June. After all, haven't crop conditions increased over the last number of weeks? And while USDA doesn't use its own crop condition data in putting together its projections, one can't help but think it shades the opinion.

 

"Let's start with beginning stocks (ending stocks for 2012-2013). The average pre-report estimate drops this from June's 769 million bushels to a possible 722 mb. However, using USDA's third-quarter stocks figure of 2.764 bb and assuming normal fourth-quarter demand, old-crop ending stocks could be closer to 695 mb. Next is production. If USDA does raise yield projections back to 158 bushels per acre, using the June 28 acreage numbers results in total production of 14.1 bb. If yield is left unchanged at 156.5 bpa, production could come in at 13.9 bb. Total supplies then could be calculated between 14.7 bb and 14.8 bb."

 

We will have analysis with Justin Lewis with KIS Futures on Midday Oklahoma as heard on KOAG AM1640 at about 12:10 PM- and we will post his comments by around noon on our website as well.

 

********** 


We spent some time in downtown Oklahoma City on Wednesday afternoon- and talked to several folks at the Vision 2020 Conference sponsored by the State Department of Education.  Ag in the Classroom had a significant presence there- and we will share a couple of stories about that tomorrow and Monday- be looking for those stories here on the email and on our website and on our radio reports across the region on the Radio Oklahoma Ag Network.

**********

We are planning on having Ron Sholar as our guest this coming Saturday morning for our In the Field segment- we will be spotlighting the ninth annual Winter Canola Crop Production Conferences being planned next week in Enid and Altus. Click here to learn more about those conferences and be watching for both our audio conversation as well as our video visit with Sholar tomorrow and over the weekend.



 

Our thanks to Midwest Farms Shows, P & K Equipment, Johnston Enterprises, Chris Nikel Commercial Truck Sales, American Farmers & Ranchers, CROPLAN by Winfield, Oklahoma Cattlemen's Association and KIS Futures 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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