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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!
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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.
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
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Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Monday, May 20, 2019
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Howdy Neighbors!
Here is your daily Oklahoma farm and ranch news update.
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 Featured Story: Japan's Removal of 30-Month Rule a Major Step Toward Putting BSE in the Rear View Mirror
Ag Secretary Sonny Perdue says the United States and Japan have agreed on new terms and conditions that eliminate Japan's longstanding restrictions on U.S. beef exports. That paves the way for expanded sales to the United States' top global beef market. Last week, Perdue met on the sidelines of the G-20 Agricultural Ministerial Meeting in Japan with government officials. Everyone in attendance affirmed the importance of science-based trade rules.
The new terms take effect immediately, allowing U.S. products from all cattle, regardless of age, to enter Japan for the first time since 2003. The U.S. Meat Export Federation is pleased with the news, saying, "This is a major step toward putting BSE in the rearview mirror."
USDA estimates that this expanded access could increase U.S. beef and beef product exports to Japan by up to $200 million annually. It's also an important step in normalizing trade relations with Japan.
It was back in 2003 that Japan banned U.S. beef and beef products following the detection of an animal with mad cow disease in the United States. For more, click or tap here to read our top story from Friday.
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Sponsor Spotlight
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Beef Industry Cheers Japan's Removal of the 30-Month Rule
Upon news that Japan had agreed to remove its 30-month rule, giving US beef producers increased access to the Japanese marketplace, beef industry stakeholders quickly reacted, congratulating and thanking US Ag Secretary Sonny Perdue for his role in bringing about this decision.
Among those first to comment was of course the National Cattlemen's Beef Association. NCBA President Jennifer Houston issued a statement, asserting that non-tariff barriers are as burdensome on trade as tariffs, if not more so.
"This is great news for American cattle producers, and Secretary Sonny Perdue and the Trump Administration deserve a lot of credit for helping knock down this non-tariff trade barrier in Japan," she said. "This underscores the safety of the U.S. beef herd, and it will hopefully send a signal to other Asian nations that non-science-based trade barriers like this one should be eliminated in their countries, as well.
U.S. Meat Export Federation President and CEO Dan Halstrom issued his own statement, remarking that Japan's action is "a major step toward putting BSE in the rear view mirror..."
"While most of the U.S. beef shipped to Japan will continue to be from fed cattle under 30 months of age, the opportunities for over-30-month beef cuts and beef variety meat are significant," he stated.
USMEF estimates that removal of the cattle age restriction will increase exports to Japan 7 to 10 percent, or by $150 million to $200 million per year.
Be listening to our Radio Oklahoma Ag Network Radio Stations today as we feature comments on the Beef Buzz from Colin Woodall on the 30th Month Developments with Japan- our own Carson Horn caught up with Colin on Monday shortly after the announcement was made- we will feature that convo in our Beef Buzz feature in the Tuesday email.
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The National Pork Board released findings from its Comprehensive Insight to Action research. This time, the research looked at trends in consumer behavior that relate to dining out. The dining landscape has shifted in recent years and multicultural cuisine trends are on the rise in the U.S. The Pork Board set out to understand the needs, considerations, and motivations that impacted where diners go when they head out to eat.
The report, called "All About Dining Out; What's on Trend," looks into reasons why consumers choose the proteins they eat. It also explores tactics to help food providers meet those needs. Some of the key consumer insights include the three primary drivers for consumer decisions on where to eat, which include taste, health, and convenience. Consumers also typically seek out new menu options. More than a quarter of consumers consistently look for something new to eat and they see dining out as a good way to do that.
The study also finds that healthy options are still very important. The Pork Board says restaurants can expand their menus to include more healthy pork choices like a pork tenderloin or pork sirloin chop. Those choices fit right beside other healthy proteins like chicken and seafood.
Click here to jump to the original story on our website for more details on this report.
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The United States has reached a deal to lift the steel and aluminum tariffs imposed on imports from Canada and Mexico. A CNBC report says that removes a major obstacle to passing the U.S.-Mexico-Canada Trade Agreement. The Canadian and American governments say the tariffs will end soon. Canada will remove tariffs it levied on American goods in retaliation for the steel and aluminum tariffs. The countries will also drop all pending litigation before the World Trade Organization.
While the U.S. and Canada officially announced the deal, Mexico hadn't put out any kind of statement by mid-Friday afternoon. President Trump mentioned the tariff removal during a speech to the National Association of American Realtors.
"I'm pleased to announce we've just reached an agreement with Canada and Mexico to sell products without the imposition of major tariffs," he said to the crowd.
Canada's Prime Minister Justin Trudeau said, "Now that we've had a full lift on these tariffs, we are going to work with the United States on timing for ratification of USMCA."
Trudeau says he is "optimistic" about moving the trade agreement forward in the weeks ahead.
Industry stakeholders were singing Trump's praises Friday after he made his announcement, including Trump Cabinet Member, Ag Secretary Sonny Perdue who commended his boss for a job well done.
"I thank President Trump for negotiating a great deal and for negotiating the removal of these tariffs," he stated. "Canada and Mexico are two of our top three trading partners, and it is my expectation that they will immediately pull back their retaliatory tariffs against our agricultural products."
Leaders of the National Association of Wheat Growers and the US Wheat Associates released a joint statement, suggesting that this action foreshadows possible movement on the ratification of the USMCA Agreement.
"Leaders in Congress made it clear that the USMCA agreement would never be approved unless the tariffs on Mexican and Canadian steel and aluminum were removed," said NAWG President Ben Scholz, a wheat farmer from Lavon, Tex. "We want to remind members of Congress that the farmers in their states and districts expect support for this agreement."
The National Pork Producers Council also chimed in, thanking Trump and his administration for removing the tariffs which have caused significant financial strain on the hog industry after Mexico retaliated against the US.
Besides the Wheat and Pork segments of Ag- other groups also chimed in- we have compiled several of them into one story- click or tap here to take a look at the comments offered by the American Farm Bureau, the US Grains Council and more.
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Sponsor Spotlight
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At P&K, we make it our mission to provide you with top-notch solutions and unbeatable customer service at a price you CAN afford. Visit pkequipment.com and you'll have it all at your fingertips: request a quote, schedule service, get a value for your trade, find current promotions, and shop for parts online. Stop by one of our locations today to meet the P&K team. You'll see why around here, John Deere starts with P&K.
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NCBA's Colin Woodall Encourages Producers to Hang Tough as US-China Trade Talks Flare Up
Multiple sectors of agriculture are hurting right now because of the Trump Administration's tariffs on China, which the President recently increased out of frustration from China dragging its feet in concluding negotiations. Despite the uncertainty this recent flare up has caused producers who are understandably getting a bit anxious about the direction these negotiations are going, Colin Woodall, lead lobbyist for the National Cattlemen's Beef Association says that if we simply stay the course, he believes a deal will eventually get done - though he recognizes it may be tough to remain patient under the current economic pressure.
While times are tough economically right now, Woodall's hope is that the President's hardball tactics will eventually lead to not just China yielding to Trump's overarching demands to reform its unfair trade practices, but thinks the beef industry may ultimately benefit, too, with China potentially removing its barriers against beef treated with hormones and beta-agonists. If this comes to pass, Woodall says US beef producers will enjoy exponentially greater access to the Chinese market, estimated at a potential value of $4 billion to the US beef industry on an annual basis.
"We think that's worth supporting the President and just holding on a bit longer in these discussions," he stated. "I believe we are still heading towards ultimately getting this done. It's just as it always is with the Chinese - it's going to take a little bit longer."
Listen to my full discussion with Woodall regarding the progress of US-China trade talks, on Friday's Beef Buzz - click here.
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The Basics of Forage Quality from the Noble Research Institute
A quality forage is one of the main assets of any livestock operation. The quality of the forage is crucial for the success of the livestock industry.
According to the Noble Research Institute, the performance of grazing animals reflects forage quality. The nutrients that are contained in the forages affect the individual animal production, while the amount of forage affects the production per acre.
Forage analyses are important because they describe the forage quality. Forage testing is also a relatively inexpensive tool in your toolbox when estimating the nutritive value of forage to be grazed, hayed, purchased or marketed. Knowing what affects forage quality will also help in making appropriate selections of forages and supplements, resulting in economically optimum livestock performance.
You can read more about quality forage from the Noble Research Institute by clicking or tapping here.
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JBS's Kim Stackhouse-Lawson Shares her Thoughts with CAB about Sustainability and Helps Define Sustainability
Director of Sustainability for JBS-USA and past chair of U.S. Roundtable for Sustainable Beef, Kim Stackhouse-Lawson, recently outlined her take on sustainable beef and how it should be defined, in a short video shared by the folks at Certified Angus Beef. According to her, sustainability is not defined the same by consumers and producers. The roundtable has worked to put together a sustainability framework. This framework is supposed to be a set of resources to help define sustainability
"So consumers don't use the word sustainability per se but they do talk about things like responsibility and stewardship and animal welfare and environment," she said. "And so we set up the framework to really address all of those key initiatives throughout the entire supply chain. So different than many roundtables, the beef roundtable also has metrics to advance beef sustainability for retail partners and for companies like mine. So that transparency really talks about doing the right thing through all stages of the beef value chain."
Keep reading or watch Stackhouse-Lawson expound on that thought in a short video clip shared with us by the folks at CAB, by jumping over to our website.
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR Insurance, Oklahoma Farm Bureau, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma 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!
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