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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!
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.
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:
Futures Wrap:
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 Kane Kinion, Web and Email Editorial Assistant
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Friday, September 27, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story:
Trump Strikes Deal with Japan - NCBA's Colin Woodall Affirms It's Just What Cattlemen Wanted
After President Donald Trump spoke at the United Nations General Assembly this week, he sat down with Prime Minister Shinzo Abe of Japan to ink a trade deal between the two countries that for the US beef industry, is very important. Colin Woodall of NCBA was on hand in New York to witness the ceremony. In an interview over the phone with me, Woodall remarked that the new agreement is just what the industry had hoped.
"It's a fantastic agreement. It is exactly what we wanted- the opportunity to catch up on the tariff level with all of the other TPP countries which of course are our major competitors there in Japan," he said. "Since they have had TPP access, we have seen them take some of our market share. We knew the only way we were going to fix that was if we could level the playing field and that's exactly what this agreement does and as long as there is a level playing field, we'll be able to beat them on taste any day of the week."
Woodall is optimistic that this deal will be implemented sooner rather than later. According to him, Japan's legislature, The National Diet, will still need to review the deal and ratify it. However, the US Congress does not in this case, which means the only thing left to wait on is the final approval of Japan's government. Woodall anticipates the deal will be fully implemented and in place by the first of the year. He considers that a big win for the US beef industry and a great way to start the year out.
You can listen to the whole conversation between Woodall and I on our latest Beef Buzz - here.
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Sponsor Spotlight
Dating back to 1891, Stillwater Milling Company has been supplying ranchers with the highest quality feeds made from the highest quality ingredients. Their full line of A & M Feeds can be delivered direct to your farm, found at their Agri-Center stores in Stillwater, Davis, Claremore and Perry or at more than 125 dealers in Oklahoma, Arkansas, Kansas and Texas. We appreciate Stillwater Milling Company'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.
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Senator James Lankford (R-OK) issued a statement regarding the announcement earlier in the week with the US-Japan Trade Deal.
"The announcement on a trade agreement between the US and Japan is good news for Oklahoma and our state's agriculture community," said Lankford. "Further opening up the Japanese market for US exports has been a priority of mine since joining the Senate Finance Committee, and I commend the Trump Administration for completing this agreement that will see more of Oklahoma's beef and other major exports sold in Japan. In the days ahead, I look forward to the US engaging in further negotiations with Japan to bring a more comprehensive trade deal before Congress and the American people."
Lankford remains engaged on trade and how trade deals, such as USMCA, affect Oklahomans. Lankford questioned the US Trade Representative during a Senate Finance Committee hearing in June on the US-Mexico-Canada Agreement. Lankford introduced the bipartisan, bicameral Import Tax Relief Act to require the Executive Branch to create an exclusion process for List 3 (and any future list) of Chinese imports subject to Section 301 tariff imposition. In March, Lankford spoke on the Senate floor about international trade with China, including Section 301 tariffs.
Click here to read more from Lankford and what he thinks about the US-Japan Trade Deal.
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With just thirty-nine legislative days remaining in 2019, the Agricultural Retailers Association (ARA) is once again calling for congressional leadership in the House and Senate to support the passage of the United States-Mexico-Canada Agreement (USMCA).
"We are asking Congress to judge the agreement on its merits and its benefits for the country, not on political leverage. Members in both parties have supported its passage, and the health and stability of our farm economy depends on it," said ARA President and CEO Daren Coppock.
ARA praises the administration's efforts to secure a trade deal with Japan this week. This agreement will cut tariffs on agricultural products and lift spirits throughout the farm landscape.
You can read more from ARA regarding the passage of USMCA and the US-Japan Trade Deal, by jumping over to our website.
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Rainfall over the last 30 days has caused flooding across much of the state, which has alleviated drought affected areas in the southern half of Oklahoma. However, State Climatologist Gary McManus reports that the lack of "good rains" in the northwest has led to drought intensification in other areas. Despite all the recent precipitation though, drought still exists throughout southern Oklahoma.
Here's the resulting Drought Monitor report issued yesterday, so you can see the 1-week change in the map...
As you can see, "Extreme Drought" conditions have been eradicated with further substantial improvement seen across the board. "Severe Drought" dropped nearly five points since last week from 7% to 2%. "Moderate Drought" has been essentially reduced by half, falling from 20% last week to 11% this week. Areas rated "Abnormally Dry" plunged down 13 points from 40% the prior week to 27% for this week.
McManus expects a true fall cold front from the north to bring more seasonable or even below seasonable temperatures along with more rain sometime late next week. For a closer look at this week's Drought Monitor, or to review McManus' latest Mesonet Ticker report, click here.
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Sponsor Spotlight
The Oklahoma Farm Bureau - a grassroots organization that has for its Mission Statement- "Improving the Lives of Rural Oklahomans." Farm Bureau, as the state's largest general farm organization, is active at the State Capitol fighting for the best interests of its members and working with other groups to make certain that the interests of rural Oklahoma are protected. Click here for their website to learn more about the organization and how it can benefit you to be a part of Farm Bureau.
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Kim Anderson Explains How Russian Crop Projections Are Impacting Domestic Wheat Prices
This week on SUNUP, Oklahoma State University Extension Grain Market Economist, Dr. Kim Anderson talks about the 2020 wheat planting and the fluctuation in wheat prices caused by abroad markets.
"If you look at the Kansas City December contract, which we wanted to break that $4.10/bu level," Anderson said. "It really got up to $4.11/bu, but it backed off $.6 or $.7/bu earlier in the week. It is back up to around $4.10/bu now, so our cash prices are just essentially wallowing around."
In Russia, the prediction for their wheat production, just before the USDA World Agricultural Supply and Demand (WASDE) report came out, Russia released their own prediction of 2.75 billion bushels, he said. Then the USDA came out the next day with 2.66 billion bushels in projected Russian production. Then again, earlier this week, Russia came out with 2.87 billion bushels.
You can watch his visit tomorrow or Sunday on SUNUP - but you can hear Kim's comments right now and see what else is on the lineup for this week's episode, by clicking here.
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House Agriculture Committee Chairman Collin C. Peterson of Minnesota issued a statement Thursday in response to news out of the U.S. Department of Agriculture on the delivery of additional prevented planting assistance, as authorized by the Disaster Relief Act of 2019.
"As weather continues to throw wrenches into farmers' plans, both in Western Minnesota and across the country, I appreciate USDA and crop insurance providers moving forward in delivering the prevented planting plus-up that Congress provided," said Peterson. "This will give direct help to farmers without additional paperwork, and allow them to focus on the range of other challenges they face."
According to the announcement from USDA, "all producers with flooding or excess moisture-related prevented planting insurance claims in calendar year 2019 will receive a prevented planting supplemental disaster ("bonus") payment equal to 10 percent of their prevented planting indemnity, plus an additional 5 percent will be provided to those who purchased harvest price option coverage."
Click here to read more from Chairman Peterson about the USDA's assistance.
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The U.S. pork industry ships more product to the 20 countries covered by free-trade agreements than we do the rest of the world combined. Therefore, expanding export opportunities through trade agreements remains a top priority for U.S. pork producers, National Pork Producers Council (NPPC) Director of International Affairs Maria Zieba said today at a Global Business Dialogue event in Washington, D.C.
NPPC was very pleased this week when the U.S. and Japan signed a trade agreement, returning U.S. pork to a level playing field in one of its most important export markets. With a trade deal in place with Japan, NPPC is focusing on trade agreements with numerous other countries, Zieba said at the event, sponsored by NPPC and held at the National Press Club.
One of NPPC's most pressing priorities is rapid congressional ratification of the U.S.-Mexico-Canada (USMCA) agreement, securing long-term zero-duty access to two of its largest export markets, Zieba explained. Last year, more than 40 percent of U.S. pork exported went to Canada and Mexico. USMCA will strengthen the strong economic ties with our North American neighbors and ensure tariff-free trade with the two countries, Zieba explained.
You can read more about the NPCC's hope for the future in the trade market, by clicking or tapping here.
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Coming Next Week- ASF training Exercise Update, The War Over mCOOL and Tulsa State Fair's Junior Livestock Show
We already have several stories that we will be working with this coming week- including a report to you on the pork industry's training exercise that has been going on this week in several states where there are significant hog populations- the exercise is how to respond to African Swine Fever when and if it is discovered in the United States.
Among those in Oklahoma who have been involved- Roy Lee Lindsey of OKPork- and we have a time scheduled to sit and can an update on how those efforts have gone- and what has been learned.
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It looks like a war of words is flying around cyberspace over the current cattle market- and we will offer a closer look at what the proponents of mCOOL are saying, what those who pushed Congress to repeal mandatory are saying and how this all may play out- we have several things to share on this coming Monday.
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Finally- the 2019 Tulsa State Fair is underway- and we will once again be covering the Junior Livestock Show that will be happening this coming week- their 2019 Night of Champions is this coming Wednesday- and then on Thursday is their annual Premium Sale of the top animals shown this year in Tulsa.
By the way- this weekend- Tulsa will be featuring their open class Beef Cattle show- you can check out the schedule for each day by jumping over to our Calendar page on OklahomaFarmReport for the livestock barn's schedule each day.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Pork Council, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the Oklahoma Cattlemens 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- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
God Bless! You can reach us at the following:
phone: 405-473-6144
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