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from Ron Hays on RON.
Let's Check the
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
cash price for canola is $12.59 per bushel at the Northern
Ag elevator in Yukon as of the close of business
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
Previous Day's Wheat Market Recap-
Two Pager from the Kansas City Board of Trade looks
at all three U.S. Wheat Futures Exchanges with extra
info on Hard Red Winter Wheat and the why of that day's
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Story:Farm Bill Follies- A
Possible Path to an August Conference- It Boils
Down to Trust
on conversations we have had and on news reports
coming out of our nation's capitol, there could be
an interesting "country road" approach to doing a
new five year farm bill, starting with floor time
next week being granted by GOP Majority Leader
reports are now indicating that House Majority
Leader Eric Cantor will schedule time for a
disaster relief package on the floor next week
before Congress goes home for their August
recess. Cantor has made no such announcement
publicly- but did indicate that was a possibility
in floor comments yesterday afternoon.
do believe the House will address the livestock
disaster program that unfortunately in the last
farm bill was only authorized for four years,"
said Speaker John Boehner, the
top House official. He said Republican leaders
were working with Chairman Frank
Lucas of Oklahoma and the Agriculture
Committee "on an appropriate path
how things could go down- and where the "trust
factor" comes into play.
Cantor schedules floor time next week for
livestock disaster aid wrapped up in a one year
extension of the current farm law- with money to
pay for the Disaster Help coming from probably the
Commodity Title of the one year extension.
Collin Peterson, top Democrat,
agrees to support the extension- TRUSTING John
Boehner in Point 5 below.
House Passes the Disaster and Extension Package
and Leaves Town.
Senate Leadership Asks for a Conference- using
their Five year Farm Bill already passed as the
basis for that request.
Speaker John Boehner AGREES and appoints
Conference occurs during August recess or in early
September- the Senate negotiating from their
recently passed Farm Bill and the House
substituting in the House Ag Committee package for
the extension as their starting point.
Lucas and Senate Ag Committee Chair Debbie
Stabenow and parties come up with the
"Ultimate Farm Bill"(the name that Chairman Lucas
has used with us more than once for a final farm
bill proposal) This is NOT a slam
dunk- serious differences have to be
dealt with in the level of nutrition program
savings and makeup of the farm safety net in the
Conference Report Comes Back in September to both
bodies for a straight up or down vote.
Member Collin Peterson has to support the Disaster
and Extension proposal- otherwise few if any
Democrats come along and the bill fails- and to
support it- he has to believe that it will lead to
a Conference of the full fledged five year farm
bill deal. He told Politico that otherwise
it is a GOP plan to kill the farm bill that came
out of Committee. Peterson has to TRUST Speaker
Boehner to appoint the Conferees- and Boehner has
offered no assurances out loud, at least to this
point. Reports indicate that Senate Ag
Chairlady Debbie Stabenow is urging Peterson to
support this plan to move the process forward.
other factor- if lawmakers who want major change
in the House Ag Committee Farm Bill believe that
the train may be leaving the station next week
when it comes to getting a shot at being a change
agent- will they quickly step up and offer their
amendments to the disaster package and one year
extension? Will the Rules Committee allow
Click here for the Politico.Com
report that focuses on the decision that
Peterson is pondering. Chuck Abbott with
Reuters also offers an update on these
possibilities- click here for that story.
Farm Shows is
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attention now turns to this coming December's
Tulsa Farm Show- the dates for
2012 are December 6 through the 8th. Click here for the Tulsa Farm Show
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President J.D. Alexander Says Drought, Industry
Trends, and Politics Top Concerns for Cattle
no secret the cattle industry is currently getting
hammered from multiple directions. From the
drought which is affecting the heart of cattle
country, to regulatory nightmares, to stalled farm
legislation, the cattle industry is having to do
what it has always done: adjust.
cattle producer and feedlot owner himself,
J.D. Alexander, the current
president of the National Cattlemen's Beef
Association, is weathering the storms right along
with his organization's membership. He spoke with
us as part of our coverage of the Summer Cattle
Conference in Denver, Colorado.
says he's seen a lot of things in his many decades
in the cattle business, but this year's serious
drought across much of the Midwest and throughout
Nebraska, where his feedlot is located, is a
"It's something I've never seen in
my lifetime. We've seen tremendous crops and
conditions in the past several years and, lo and
behold, this year it is totally turned upside
down. We've got silage that is being cut a month
early. The crop is just not performing very well
had a lot to say and you can read more or listen to our
full conversation by clicking here.
Drought Returns- The Latest Pictures- AND- Rain
Arrives for a Fortunate
by intense heat, wind and one of the driest
May-July periods on record, the flash drought and
its impacts continued to accelerate in Oklahoma.
The U.S. Drought Monitor map released this morning
now portrays 91% of the state in at least severe
drought (D2-D4), the most since Nov. 8, 2011.
Exceptional (D4) drought also makes an unwelcome
return to Oklahoma in Ellis and Roger Mills
counties, its most significant presence since
early March 2012 when drought was seemingly on the
way towards extinction. A scant three months ago,
only 15% of the state was even considered in any
type of drought, at least according to the Drought
More than 50% of the state is now
portrayed in extreme-exceptional drought, the most
since Nov. 15, 2011. At this time last year, more
than 50% of the state was covered in exceptional
drought, with 70% in the extreme-exceptional
The severity of the drought on
a national scale also increased accordingly. More
than 38% of the country is now considered to be in
severe-exceptional drought, the most since the
Drought Monitor effort began in 2000 (last week's
extent and also the Sept. 10, 2002, amounts rank
#2 and #3).
have the latest drought pictures and maps on our
website. Click here to check them out.
of early this Friday morning- we have
rain in far east central and southeastern Oklahoma
from yesterday- and some in northwestern Oklahoma
from the night before. Click here for the real time Mesonet
map from the last few days showing the
rainfall totals statewide- a lot of folks that
were wishing and hoping for moisture got
President Urges Coburn to Compromise on MAP
Farmers and Ranchers President Terry
Detrick has written a letter to Senator
Tom Coburn urging him to rethink
his position on the Market Access
Coburn recently came out against
continued funding for the program.
reminded Coburn that "the first dollars come from
private sector producers to promote and market
their products. Through a series of matching
funds, these dollars are multiplied. Because of
those investments, markets are opened, both
domestic and export sales increase, and many
dollars find their way back to communities across
America creating jobs and increasing economic
The letter goes on to
acknowledge that compromise may be necessary, but
asks Coburn to consider preserving as much of the
MAP program as possible.
Click here for a link to view the
complete AFR letter to Senator Coburn.
Says Recent Grain Market Volatility Driven by
Better Grasp on World Supplies
60-cent drop early in the week on grain markets
after weeks of increases gave some traders a
little bit of heartburn. Oklahoma State University
Grain Marketing Specialist Kim
Anderson says the market simply woke up
and took stock of the actual supply
were expecting prices to back off at some point in
time. We had a $2.95 price rally. You go back in
time to June 15th, Kansas City Board of Trade
September contract, $6.46. On July 20th, the
Friday before the Monday on the drop, it was
$9.41. It declined 27 cents on Monday, 33 cents on
Tuesday, back up on Wednesday, back down on
Thursday. You look at cash, it went from $6.07 to
$9.03 and back to $8.43."
said some of the market's fears about the amount
of grain for export were allayed by reports out of
various producing countries last week.
you look at the Black Sea area, they're expected
to export 33 percent. Australia was dry, their
production is down. Argentina planted less acres.
Corn and the drought. Corn production going from
about 14.4 billion down to, maybe, less than 12
billion bushels. All of that got us the
if you look at what came out this week, it was
announced that India is exporting wheat and is
tendering wheat for export. Australia got some
rain. Their wheat may not be as low as they'd
expected. Seedborough is importing corn from
Brazil. And the market woke up and says, 'Hey! We
are in a world market.' So I think we had some
negative factors came in and the market woke up
that we may have driven it too far."
You can hear more of Kim Anderson's
analysis in our preview of this week's SUNUP
program by clicking here. You'll also find the
complete lineup for this Saturday's
APHIS Rule Could Impact Farmers
USDA has proposed a revision of regulations
implementing the Animal Welfare Act (AWA) to
redefine "retail pet store." The proposed rule
would expand the number and type of animal
breeding and husbandry facilities subject to
licensure, inspection, and recordkeeping under
The rule has been brought to the
Alliance's attention by members who believe it is
poorly written and needs to be clarified or thrown
While the rule appears to be focused
on pet breeders, farmers and ranchers could also
be impacted. As it is written, if a farmers or
breeder sells even one animal as a "pet" in a
situation where the buyer does not come to their
home, farm or place of business, they must become
USDA licensed. A farmer selling an animal for
purposes such as 4-H projects could potentially
come under the impact of the rule.
To read more about how the APHIS rule
could impact farmers, please click here.
Finds Land Values Increased More Strongly than
values that increased by as much as 20 to 30
percent, and the factors that may eventually slow
those growing ag land values, headline an updated
land values analysis issued by the Rabobank Food
& Agribusiness Research and Advisory (FAR)
"The six year surge in U.S.
agricultural land values continues to be
top-of-mind for many in agriculture," notes report
author Sterling Liddell, Vice
President, Food and Agribusiness Research &
Advisory. "We expected land values to grow
significantly in late 2011 and early 2012 and the
growth was even stronger than we predicted; in
excess of 30 percent in some cases."
the report, "U.S. Farm Land Continues to Dazzle,"
Liddell draws a strong correlation between the
rate of growth and higher corn, soybean and wheat
prices, which resulted from persistently tight
global grain stocks and low interest
Click here to read more of the
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