From: Ron Hays [] on behalf of Ron Hays []
Sent: Tuesday, December 08, 2015 6:29 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update

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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.
Big Iron   
Let's Check the Markets!  
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 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. (including Canola prices in central and western Oklahoma)

Futures Wrap:  
Our Daily Market Wrapup from the Radio Oklahoma Network with Leslie Smith and Tom Leffler- 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 Editor and Writer
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Leslie Smith, Editor and Contributor

Oklahoma's Latest Farm and Ranch News

Presented by

Okla Farm Bureau  
Your Update from Ron Hays of RON
   Tuesday, December 8, 2015
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
COOLRepealFeatured Story:
World Trade Organization Sets Retaliation Against US at $1.01 Billion for COOL- NCBA, NPPC, NCC, AFBF Call on Congress for Immediate Repeal of Law

The World Trade Organization's (WTO) arbitration panel announced Monday its final ruling that the United States' Country of Origin Labeling (COOL) requirements for livestock and meat imports have cost our trading partners over $1 billion dollars. Canada and Mexico are now authorized to impose retaliatory tariffs in that amount against U.S. exports.  This has many agricultural groups, like the National Cattlemen's Beef Association, National Pork Producers Council, National Chicken Council and American Farm Bureau Federation - all requesting immediate action by the U.S. Senate or retaliation against U.S. exports will soon follow.  Each group addressed how retaliation will impact U.S. agricultural producers.

"If the Senate does not act, U.S. beef exports will face a 100 percent tariff in these countries, severely diminishing about $2 billion of beef exports annually," said NCBA President Philip EllisClick or tap here to read more from NCBA.

"America's pork producers need congressional lawmakers to recognize the imminent harm our economy faces," said NPPC President Dr. Ron Prestage, a veterinarian and pork producer from Camden, S.C. "Retaliation has been authorized, and our exports to the No. 1 and No. 2 markets will suffer and so will U.S. farmers, business people and consumers."  Click or tap here to read more NPPC.

"I am keenly aware that chicken and fowl could be at the top of the list for retaliation by Canada and Mexico, and that this labeling law continues to leave the door open for retaliatory action by other countries, too," said NCC President Mike Brown. "NCC supports legislative action that will bring U.S. laws and regulations pertaining to meat and poultry into full compliance with our international trade obligations. NCC urges Congress to repeal the labeling provision for chicken, beef and pork now."  Click or tap here to read more NCC.

AFBF President Bob Stallman responded in saying, "AFBF supports country-of-origin labeling that meets WTO requirements, and we support the remaining COOL programs, but the risk of retaliation by Canada and Mexico is too great. U.S. farmers and ranchers could suffer a serious blow if Congress does not act quickly."  Click or tap here to read more from AFBF.

Canada has recently reorganized their government with elections sweeping the previous leadership out of power.  However, the new leaders issued a statement that they are ready to start retaliation quickly. In a joint statement early Monday afternoon, Canadian trade minister Chrystia Freeland and agriculture minister Lawrence MacAulay said their government "has made every effort to convince the United States to comply with its international trade obligations," but if COOL is not repealed, "Canada will quickly take steps to retaliate."

Sponsor Spotlight
It's great to have one of the premiere businesses in the cattle business partner with us in helping bring you our daily Farm and Ranch News Email- National Livestock Credit Corporation.  National Livestock has been around since 1932- and they have worked with livestock producers to help them secure credit and to buy or sell cattle through the National Livestock Commission Company. 

They also own and operate the Southern Oklahoma Livestock Market in Ada, Superior Livestock, which continues to operate independently and have a major stake in OKC West in El Reno. To learn more about how these folks can help you succeed in the cattle business, click here for their website or call the Oklahoma City office at 1-800-310-0220. 
KeepCOOLNFU, USCA, R-CALF Denounced Findings by WTO, Remain Committed to COOL 

R-CALF USANational Farmers Union (NFU) and United States Cattlemen's Association (USCA) came out adamantly against the World Trade Organization's (WTO's) arbitration decision that claims the United States mandatory Country-of-Origin Labeling (COOL) law caused Canada and Mexico to suffer annual losses of $782 million and $228 million, respectively.

"The WTO decision is utterly absurd," said R-CALF USA CEO Bill Bullard.  "The entire value of Canada's live cattle imports in 2014 was $1.753 billion and this represented an historical high. It is absolutely impossible that Canada could be suffering an annual loss representing 45 percent of Canada's record high imports.  Mexico's live cattle imports in 2014 were valued at $739 million and it is equally impossible that COOL has caused Mexico to lose 31 percent of the value of its record level of exports."  Click here to read more from R-CALF.

"The WTO rules without precedent and continues to undermine laws and regulations that benefit society," said NFU President Roger Johnson.  "The U.S. tried to ensure COOL regulations were in compliance, but received insufficient guidance and consequently could be on the hook for exaggerated damages."  Click or tap here to read more NFU.

"USCA is committed to exhausting all efforts on this issue and remain supportive of the Stabenow-Hoeven approach to COOL which is still on the table," USCA President Danni Beer.  "The voluntary option on COOL provides a common sense solution to COOL. The ability to maintain the integrity of COOL while adhering to WTO parameters is a workable solution for U.S., Mexico and Canada cattle producers."  Click here to read more USCA.

All three groups believe a voluntary COOL program will solve this trade dispute once and for all.
CanadaCOOLFrom a Canadian Perspective- Let the Tariffs Begin!

From the Canadian farm website Better Farming, writer Susan Mann says that "the United States has reached the end of the line for its Country of origin Labeling Law with Canada and Mexico able to slap retaliatory tariffs on American goods by a week from Friday if the American law stays in place."

We mentioned in our top story this morning that the new Canadian government seems to be lined up with what their predecessors were saying about COOL- that they are ready to retaliate quickly.

Canadian livestock groups are pleased- in a joint statement by beef and pork groups in that country- they say  let the tariffs begin- "U.S. mandatory Country of Origin Labeling (COOL) has been in effect since 2008. As the arbitrator's finding shows, in these seven years the cumulative losses for the Canadian beef and pork sectors have been staggering. At every step of the process, the WTO has repeatedly found that the U.S. is in breach of its WTO obligations. The only revision the U.S. has made, in 2013, increased the negative impact on Canadian farmers and meat processors.

"Our patience is exhausted. There is no further negotiation to be done and no compromise is acceptable. Canadian livestock producers and meat processors expect the U.S. to do nothing less than repeal COOL or face the immediate imposition of retaliatory tariffs on U.S. goods to the same extent as the damage we have endured."

The Better Farming article quotes John Masswohl of the Canadian Cattlemen's Association as saying a special meeting of the dispute settlement body is scheduled for December 18th.

At that meeting, Masswohl says the number will be confirmed adding "There's no more process. There's no way the Americans have any procedural maneuvers to stop that authorization from happening next Friday."

At that point- the two governments may put into place whatever tariffs they please on US goods up to their authorized numbers which add up to over a billion US dollars every year until the offending rules are removed.

You can read the Better Farming article by clicking here to get the Canadian perspective on latest WTO pronouncement on COOL.

USMEFExportsOctober Meat Exports Show Improvement, but Still Down Year-Over-Year

U.S. pork and beef exports in October edged higher than the previous month, but were still down from a year ago, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

October beef exports rebounded to some degree from their low September totals, but were still down 14 percent from a year ago in volume (94,524 mt) and fell 26 percent (to $508.2 million) compared to the record-high value posted in October 2014 ($687.1 million). Through the first 10 months of 2015, beef exports were down 12 percent in volume to 877,229 mt and were 10 percent lower in value at $5.28 billion.

Pork exports were down 3 percent year-over-year in volume to 177,191 metric tons (mt), and fell 21 percent in value to $447.8 million, reflecting lower global pork prices. Through the first 10 months of the year, exports were down 4 percent in volume (1.76 million mt) and were 17 percent lower in value ($4.65 billion).

The October report showed pork exports were solid in North American markets and improving in China.  Meanwhile, beef exports to South Korea and Taiwan softened in October, but showed improvement in some key markets.  Click or tap here to read more from USMEF's October export report.

Sponsor Spotlight 
For nearly a century, Stillwater Milling has been providing ranchers with the highest quality feeds made from the highest quality ingredients.  Their full line of A&M Feeds can be delivered to your farm, found at their agri-center stores in Stillwater, Davis, Claremore and Perry or at more than 100 dealers in Oklahoma, Arkansas, Kansas and Texas. 

We appreciate Stillwater Milling'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.

PeelRain, Ice and Ugly Trees Across Oklahoma, Insight from Derrell Peel

Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel and Dr. Glenn Selk.

"The Thanksgiving week storm hit parts of central Oklahoma hard with heavy ice accumulations that did significant damage and caused power outages for several days. The hardest hits areas were mostly west of Oklahoma City along the I-40 corridor. The storm created numerous cattle management challenges and disrupted movement of animals to markets. Cattle auction volume was lower last week and some sales were canceled due to the weather.

"My travels last week took me through part of the region impacted by the ice and the broken trees and downed limbs documented the impact of the storm. Oklahoma is justly famous (or infamous!) for variable and extreme weather; including tornados, ice storms, severe thunderstorms, floods and wildfires. Tornados and ice storms, in particular, leave a record of damage on trees that lasts for many years. It seems impossible to keep pretty trees in this state. Those familiar with the state can drive across the region and read the scars like a living history of severe weather, as in: "there was the tornado of..." or "there was the ice storm of ..." Oklahoma could be appropriately known as the Land of Ugly Trees."

Click or tap here to read more from Derrell Peel.

Want to Have the Latest Energy News Delivered to Your Inbox Daily?

Award winning broadcast journalist Jerry Bohnen has spent years learning and understanding how to cover the energy business here in the southern plains-  Click here to subscribe to his daily update of top Energy News.

JDeereJohn Deere's Latest Acquisitions Will Expand Their Planter Portfolio

John Deere continues to expand its presence globally and their overall planter portfolio with two recent acquisitions. Last Month, John Deere acquired the European planter company Monosem as well as Precision Planting. John Deere Manager of Media Relations Barry Nelson said Monosem makes specialty planters for vegetables and peanuts.   Their planters are sold in the U.S., Canada, as well as Europe.

In November, John Deere also acquired Precision Planting from The Climate Corporation, a subsidiary of Monsanto Company. Nelson said this provides John Deere with new technology for planters. This includes new, used or competitive brands of planters. He said Precision Planting sold a lot of retrofit kits, which brings more efficiency, accuracy and productivity to existing planters.

With both of these acquisitions, Nelson said this offers John Deere customers more options, depending on the type of crops farmers are growing around the world. If dealers meet the requirements, they will also be able to sell the products. The Precision Planting and Monosem brands will continue, so farmers will also be able to work with existing dealers. Nelson said this is another step John Deere is making to advance innovation in agriculture in feeding a growing global population.

Our Leslie Smith interviewed Barry Nelson of John Deere. Click or tap here to hear the full interview.

LandOfLakesNew Chief Information Officer for Land of Lakes in the Spotlight as an Agricultural Change Agent  
Mike Macrie is the new Chief Information Officer for the agricultural Coop Land O'Lakes- and has been showcased in an article on the British based website for the Financial Times- FT. Com.
One of our sponsors for the last couple of years for this daily email is Winfield Solutions- one of the brands owned by the Cooperative- and we often have talked about some of their solution based efforts- such as Answer Plots.  
According to Macrie- projects like Answer Plots is the just the opening gambit for the future in agriculture when it comes to ways to farm better. "I feel we're probably around three years into a 15-year journey in which agriculture will be totally transformed by new technologies. There's a massive infusion of new ideas coming at America's farmers and our intention is to deliver tools in ways that are truly useful to them."

The article shows how Land O'Lakes is trying to improve how it serves farmers and at the same time- is looking for the best ways to engage more millennials in their consumer branding effort.

It's worth a read about where we are going in US agriculture- and we invite you to do so by clicking here.

Our thanks to Midwest Farms Shows, P & K Equipment, American Farmers & Ranchers, CROPLAN by WinfieldKIS Futures, Stillwater Milling Company, Pioneer Cellular, National Livestock Credit Corporation, Farm Assure and the Oklahoma Cattlemen's Association 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 invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.

Click here to check out WWW.OklahomaFarmReport.Com 



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