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Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
The following links are the Auction Barns that we posted on our website this week- complete with a PDF of the market data compiled by USDA Market News- click on the name of the market to see this
Each afternoon we are posting a recap of that day's markets as analyzed by
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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:
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, January 17, 2020
Featured Story: Congressman Frank Lucas Talks About the Trade Wins of the
Week- and Says Thank Goodness
It's always enjoyable to talk policy and politics with Oklahoma Congressman Frank Lucas- and I got the opportunity to do just that midday Thursday- and was on the line with the Republican from Roger Mills County when the votes were being tallied on the
floor of the Senate to determine final ratification for the USMCA. The Congressman praised the Senate for getting USMCA across the finish line easily- and also discussed the signing of the US-China Phase One Trade Deal that happened on Wednesday.
Lucas called it a remarkable pair of trade wins- saying "I know production agriculture is better off" with the Phase One China Deal as well as the USMCA treaty approved by Lawmakers after being signed by President over a year ago.
Lucas also reaffirmed that he will push hard to be reeassigned to the House Ag Committee if he wins reelection this coming November- calling that his "home" in Washington. 2021 could be the start of the next Farm Bill cycle- and Lucas says you won't be
able to keep him away from the Committee- no matter who controls the body after the November 2020 elections.
or tap here to hear our full conversation with Congressman Lucas
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U.S. Secretary of Agriculture Sonny Perdue issued the following statement after the Senate passed the U.S.-Mexico-Canada Agreement (USMCA) by a bipartisan vote of 89 - 10.
"We've long waited for this day and now USMCA will finally head to the President's desk," Secretary Perdue said. "The passage of USMCA is great news for America's farmers and ranchers. With Congressional consideration now complete, our farmers and ranchers
are eager to see the President sign this legislation and begin reaping the benefits of this critical agreement. I thank
President Trump and Ambassador Lighthizer for successfully delivering an improved and modern trade agreement and working so hard for the people of American agriculture to get this deal across the finish line."
In September, all former U.S. Secretaries of Agriculture since President Reagan's Administration announced support for USMCA. In a letter to Congressional leaders,
former Secretaries John Block (Reagan), Mike Espy (Clinton), Dan Glickman (Clinton), Ann Veneman (W. Bush), Mike Johanns (W. Bush), Ed Shafer (W. Bush), and Tom Vilsack (Obama) underscored the importance of passing USMCA saying, "We need a
strong and reliable trade deal with our top two customers for U.S. agriculture products. USMCA will provide certainty in the North American market for the U.S. farm sector and rural economy. We strongly support ratification of USMCA."
here to read more from Secretary Perdue regarding the passage of USMCA.
Oklahoma Farm Bureau President Rodd Moesel
released the following statement after the U.S. Senate approved the United States-Mexico-Canada Agreement.
"Today's long-awaited approval of the United States-Mexico-Canada Agreement is a welcome victory for farmers and ranchers across Oklahoma. After years of battling low prices, high production costs and challenging weather, the historic trade deal brings
a small piece of hope to farmers by preserving crucial markets for agricultural products with our closest trade partners.
We received a multitude of reaction to the Senate vote- here are some of the groups we posted on our website:
National Sorghum Producers -
National Council of Farmer Cooperatives -
R-CALF USA -
Farmers for Free Trade -
Agricultural Retailers Association -
National Cattlemen's Beef Association - click
American Farm Bureau Federation -
Texas and Southwestern Cattle Raisers Association -
National Corn Growers Association -
National Pork Producers Council -
National Association of Wheat Growers and U.S. Wheat Associates
U.S. Meat Export Federation -
This week on SUNUP, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Dave Deken to discuss the U.S. China Phase One Trade Deal. And what it means for producers
and the markets moving forward.
"I think there is the potential for slightly higher prices," Anderson said. "Now, coming into the agreement, I believe the impact was already factored into the market. But, when they are going to come in and on the first year, spend $12.5 billion on U.S.
commodities. And the second year $19.5 billion."
Anderson says that will all of this news, he believes there will be a positive impact for producers. However, the day of the signing corn and wheat prices were down $.10/bu, soybeans were down about $.20/bu and cotton was down $.02 to $.03. But he says
this is expected, because the markets had the signing factored in.
You can watch this week's episode of SUNUP this weekend or you can listen to the conversation now, by
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President Trump called it a big beautiful monster. The phase one trade deal between the US and China was signed yesterday and received lots of positive comments from Agriculture groups.
Kent Bacus, Senior director for Trade and Marketing for the National Cattlemen's Association, says this is exactly what the US cattle industry needs to have a shot at selling a lot of beef to the Chinese, "This is a great day for the
US Beef Industry. This is a great day for the National Cattlemen's Beef Association. We've been working closely with the US government to try to open the Chinese market for well over a decade. This is a great, great day for us because not only do we have access
to the Chinese market, which we've have a couple of years, but now we have meaningful access. We've been able to remove a lot of these non-tariff trade barriers, and that's what we're going to see is this agreement has implemented."
Bacus says one of the big wins for the beef industry is China's lifting of the BSE restriction, which had previously banned the US since 2003 out of the Chinese market. He says it will also lift the book-in traceability requirements, "One of the biggest
things is that China is going to establish maximum residue levels for some very commonly used compounds in our industry, hormones. And as we move forward, it's going to be important that we do everything we can to adjust to these just these opportunities.
And finally, be able to tap into one of the biggest markets in the world."
You can listen to the first part of the conversation between Bacus and I on Thursday's Beef Buzz -
Click or tap here.
Following an announcement from USDA on the award of $10.2 million in funding for animal pest and disease prevention and management efforts and the request for vaccine bank Foot and Mouth Disease proposals,
House Agriculture Committee Chairman Collin Peterson of Minnesota, and House Agriculture Livestock and Foreign Agriculture Subcommittee Chairman Jim Costa of California issued the following statement. Both Peterson and Costa led bipartisan
efforts to include of mandatory, long-term funding for these programs to ensure the U.S. has tools to address disease risks including African Swine Fever, Avian Influenza, Virulent Newcastle Disease, and Food and Mouth Disease.
"In the last Farm Bill, we fought hard to establish and fund the National Animal Disease Preparedness and Response Program (NADPRP) and the new National Animal Vaccine and Veterinary Countermeasures Bank as well as reauthorize the National Animal Health
Laboratory Network. As our committee oversees Farm Bill implementation, we are pleased to see USDA moving forward on all three of these programs. These important tools will help prevent and respond to animal pests and diseases, help keep animals healthy and
ensure markets stay open. We look forward to seeing these programs address an even wider range of prevention and mitigation activities in future years."
You can read more from Conaway and Costa regarding the efforts by USDA for a vaccine bank,
by jumping over to our website.
The National Association of Wheat Growers (NAWG) has announced that it has selected
House Agriculture Committee Ranking Member Mike Conaway (R-TX) for its "Wheat Leader of the Year Award". The Wheat Leader of the Year Award is given annually to only one member of Congress and is to be considered the wheat industry's highest
legislative award. The award identifies a Member of Congress, regardless of party affiliation, whose philosophy and records demonstrate their commitment to the wellbeing of America's wheat farmers.
"These past several years, Ranking Member Conaway has strived to be a leading advocate for agriculture and wheat growers," stated NAWG President and Lavon, TX farmer
Ben Scholz. "Mike's office is always willing to discuss wheat issues and advocate for favorable policies for farmers, including their recent efforts to make improvements to the Market Facilitation Program. Representative Conaway is not running
for reelection, and with that we view this as a great opportunity to award him for his many years of service to wheat farmers."
"It's an honor to be named the National Association of Wheat Growers Wheat Leader of the Year," stated Representative Mike Conaway (R-TX-11). "Thanks to America's farmers, we are blessed with the safest, most affordable, and abundant food and fiber supply
in this country. I consider myself very fortunate that I get to go to work on behalf of these dedicated men and women every day."
here to read more about the Congressman Conaway and his new accolade from NAWG.
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