Subject: Oklahoma's Farm News Update
From: Ron Hays <>
Date: 5/15/2019, 6:23 AM

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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 Carson Horn on RON.

MarketLinksLet'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. has 367 head of cattle on their showlist for the Tuesday, May 14th sale of finished cattle  click here to jump to the website.

At OKC West Livestock Auction in El Reno Tuesday, there were not enough receipts recorded to compare trade with last week. Click or tap here for the complete sale report.

On a regular basis- we are posting Oklahoma National Stockyards and Joplin Tuesday mornings- reporting on their Monday sales- in ysterday's email- we only pointed you to the USDA website for their report- but the updates on our website can be searched and will provide you with the info for that specific day- while the USDA link is ONLY the most recent report- click here for this week's Oklahoma National Stockyards report and click or tap here for this week's Joplin report.

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 futuresclick or tap here for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:  
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture on Tuesday, May 14th.
Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network - 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.

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
   Wednesday, May 15, 2019

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
One Featured Story: AFBF Chief Economist John Newton Says Farm Crisis Brewing - But Not Without Its Bright Spots

As farmers face one of the harshest economic downturns in recent memory, witnessing a 50 percent reduction in farm income in just two years' time, American Farm Bureau Federation Chief Economist Dr. John Newton says it's obvious the US has a potential farm crisis on its hands.

We caught up with Newton during the Washington Watch event this week in DC hosted by the National Association of Farm Broadcasters. According to him, the big challenge has been the fact that prices have not just fallen but have remained low - unlike the ag economy's typical cyclical behavior that generally sees markets bounce back up after a down year.

Newton says more and more producers are transferring their short-term debt to their long-term debt. Lenders have increased their denials of operating loans and across the country, farm bankruptcies are on the rise. Despite the bleakness of the situation currently though, Newton says it is not all bad.

"I think the brightest spot we've seen in recent weeks on the commodity level has been what's happening in the pork market. The African Swine Fever outbreak in China and across other parts of Asia, spreading into Eastern Europe even... we're looking at hundreds of millions of pigs depopulated, big declines of 30 to 40 percent. So, that's created an opportunity here in the United States," Newton said explaining how the US has taken advantage of the backfill opportunities created by this situation - not to mention the residual effects spilling over into other complexes as well. "So, a rising tide lifts all boats, right. One of the biggest beneficiaries could potentially be poultry. I think if anything that's been one of the bright spots."

Listen to my full exchange with Newton over the current condition of the farm economy, by clicking or tapping here.

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Two US-China Tensions Flare as Trade Talks Near End, NCBA's Kent Bacus on Trump's Hardball Strategy

Tensions between the US and China have ramped up in recent days as President Trump ordered an increase on tariffs against the Asian nation for dragging its feet in negotiations on trade. The Administration had hoped to have reached a trade agreement with China by March 1. However, China in its usual way, backtracked on talks in one of the most recent meetings between the representatives of each country. The Trump Administration responded, raising the existing 10 percent tariff to 25 percent on $200 billion worth of Chinese goods. Trump has said that China has three to four weeks to conclude talks or threatens to increase those tariff duties to $325 billion worth of Chinese goods. According to Kent Bacus, senior director of international trade and market access for the National Cattlemen's Beef Association, this flare up was not totally unexpected given China's tactical history. Bacus shared his insights into these negotiations with us during Washington Watch, an event hosted by the National Association of Farm Broadcasters in DC this week.

"We're taking a very realistic approach when it comes to China. You're talking about two of the biggest markets in the world. Nothing is just going to move easily," Bacus remarked. "There are systematic changes we need China to make. At the same time, China's got a good thing going here in the US and they aren't willing to give that up. So, President Trump and his team are really having to play hardball to get China to make those changes."

Bacus says the industry realizes that ultimately, in the end if China concedes to the demands of the Administration, it will be of greater benefit to the entire US economy. However, the Chinese market is valued conservatively at $4 billion annually. Last year, the US beef industry exported $8.3 billion globally. Bacus says the industry understands breaking into China will be no easy task - but knows too that the Trump Administration is committed to making it happen and for that reason will continue to back the President's hardline strategy in negotiating with China with the hope that the situation is resolved soon.

Listen to Bacus share more of his insights into the US-China trade negotiations as well as the process to advance the USMCA agreement in Congress, on yesterday's Beef Buzz - click here.
Three Grain Market Economist Kim Anderson Says Current Wheat Market Favors Quantity Over Quality

It has been a tough spring to be a wheat grower this year as prices continue to fall below breakeven levels. The good news, though, according to Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson, is that current projections indicate a 70 percent increase in production which he says should more than offset the recent dollar decline in prices. During the recent Lahoma Wheat Field Day hosted by OSU, Anderson shared his advice with farmers about how they might best navigate the challenges present in the current marketplace.

At present, farmers can only expect to command $3.85 - $3.90 for forward contracting their wheat at harvest delivery. With big enough yields, Anderson suspects farmers could potentially increase their margins enough to achieve breakeven levels.

"Production I think we'll see as we go along - is going to become more important than price," he said. "You can have an $8 price, but if you don't have anything to see, it doesn't do you much good."

Anderson's advice to farmers this year comes from a historical perspective. According to his review of the last decade or more - farmers who sold their wheat after August 30th have received a lower price than those who sold prior to that date for 10 of the last 11 years. His suggestion is to treat $4.00 wheat like $8.00 wheat given the current condition of the marketplace.

To hear our complete conversation, click or tap here.
Four Oklahoma Watershed Dams Historically Significant and Critical to the Future

1,380 of Oklahoma's 2,107 watershed dams are nearing their 50-year design life. The truth of the matter is they cannot retire, they just need some remediation before they reach that 50-year mark. The watershed dams protect many aspects of life in Oklahoma from flooding like homes, businesses, roads, crops, farmland, ranch land and other infrastructure.
"Think about last week's intensive rains in Oklahoma, specifically in western areas of the state," OCC Executive Director Trey Lam said. "There were losses of property and damage to land and any such loss is a tremendous loss. However, that's exactly why the benefits of these dams are so important, and that's what these watershed projects do, they protect areas from flooding losses that used to occur frequently before the dams were built. In addition to protecting crops and farmland, some of the dams also protect lives. They also are designed to reduce damages to buildings, agricultural products, roads, bridges and so many other vital aspects of our daily lives. That's also why the work of those such as Larry Caldwell is so critically important."

The recent storms that have covered our state and surrounding states has shown us just exactly why we need the watershed dams. Ranchers like Monte Tucker of Sweetwater, Oklahoma, talked about how a generation ago the rains that we have endured would have damaged roads, bridges, crops and pastureland.

You can read the rest of what the group has to say about the watershed dams in Oklahoma - here.

Sponsor Spotlight

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FiveChief Ag Negotiator Gregg Doud Details US China Trade to Washington Watch

Gregg Doud talked China and more as he updated farm broadcast journalists from across the country at their annual Washington Watch Fly In to our nation's Capitol.  

I helped establish the Washington Watch program for the National Association of Farm Broadcasters back around 1990- and it has been an annual spring time event ever since- with one of the traditional stops each year at the US Department of Ag. Here in 2019, a lineup of USDA officials were joined by leadership from EPA as well as by Ambassador Doud.  

Doud spent much of his time on Tuesday talking China and offered his perspective on why we need to be tough with the Chinese to open their market much wider to access to US Agricultural goods. 

"In 2018, China's total agricultural imports were $124 billion dollars...and in a good year, we are getting $20 Billion out of that $124 Billion and the point I have made from the beginning of this conversation is that 20 out of 124 is not going to cut it."  

Doud says most of that $20 billion number are soybeans- and that has been the target of the Chinese retaliation in recent days.  Doud complains that China is a huge importer of meat- and says, in fact, that they imported almost a billion dollars of beef, pork and poultry in March of this year- the most recent month we have data- and of that billion dollars- only $35 million came from the US- Doud adding that the Chinese have structured their markets to keep us out in many cases instead of allowing US producers to compete in their market. 

Gregg Doud's complete comments to NAFB from yesterday can be heard by clicking or tapping here. 

Six NACD Encourages Local Input for ESA Delistings

Yesterday, the National Association of Conservation Districts (NACD) submitted comments to the Fish and Wildlife Service regarding the proposed delisting of the gray wolf under the Endangered Species Act (ESA). The gray wolf populations have been protected under legislation since 1967.

"NACD is encouraged by the agency's decision to review releasing the gray wolf from the ESA's endangered and threatened list," NACD President Tim Palmer said. "The nation's conservation districts and landowners know the land and its natural resources and are best-equipped to make decisions regarding its management."

You can read more about what Palmer had to say about the gray wolf populations by clicking or tapping here.
SevenDavid Gammill Reappointed to Oklahoma Wheat Commission
Oklahoma Secretary of Agriculture, Blayne Arthur, has re-appointed David Gammill to a five-year term on the Oklahoma Wheat Commission Board. Gammill, a wheat producer from Chattanooga, will represent District IV, which includes Caddo, Comanche, Cotton, Greer, Harmon, Jackson, Kiowa and Tillman counties. 

Gammill was the top vote getter at the Wheat Commission District Election held last week in Cotton County- his name and two others were submitted to Secretary Arthur to be considered for the five year term as a member of the Commission.

"We are excited that David Gammill has been re-appointed to the Oklahoma Wheat Commission board," said Mike Schulte, Executive Director of the Oklahoma Wheat Commission. "His knowledge and experience with wheat production as a farmer and active roles held with the OWC Board and U.S. Wheat Associates Board continue to make him a valuable leader for the wheat industry on both state and national levels." 

Read more about Gammill and his work on the Oklahoma Wheat Commission by clicking or tapping here

Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance,  Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit CorporationOklahoma Beef Council, Oklahoma AgCredit, Herb's Herb Hemp Farm, 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 also appreciate our Market Links Sponsor - OKC West Livestock! 
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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