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weekdays- if you missed this morning's Farm News - or you are in an
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Check the Markets!
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.
Our
Oklahoma Farm Report Team!!!!
Ron Hays,
Senior Farm Director and Editor
Carson Horn,
Associate Farm Director and Editor
Pam Arterburn,
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Dave Lanning,
Markets and Production
Macey Mueller,
E-mail and Web Writer
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Oklahoma's Latest Farm and Ranch News
Presented by
Your Update from Ron Hays of RON
Friday, September 9, 2016
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Featured Story:
WOTUS Opponents Press Supreme Court to Resolve
Confusion Over Court Jurisdictions
Organizations seeking to vacate the Environmental
Protection Agency's and U.S. Army Corps of Engineers' expansive
"waters of the U.S." rule are asking the U.S. Supreme Court
to review whether the 6th Circuit Court is the appropriate court to
hear challenges to the rule. The 6th Circuit earlier dismissed
arguments that legal challenges to the rule should be brought first
in federal district court and not courts of appeal.
"This petition to the Supreme Court is not related to the merits
of our case and we are confident that eventually the 6th Circuit and
the Supreme Court will agree that the rule is unlawful,"
said Ellen
Steen, General Counsel of the American Farm Bureau
Federation. "The petition was filed because the jurisdiction
question is one that repeatedly arises in challenges to Clean Water
Act actions. The time is ripe for the Supreme Court to resolve
confusion among lower courts as to where jurisdiction lies, so that
the American Farm Bureau Federation and others can stop wasting time
and resources arguing with the federal government over where to file
these important legal challenges."
Federal courts of appeals are divided on how to interpret a provision
of the Clean Water Act mandating that certain types of legal
challenges be filed directly to courts of appeals. When pressed to
decide this question, the 3-judge panel of the 6th Circuit issued
three separate opinions with only a single judge concluding that
jurisdiction was lawfully in that court, making this question ripe
for clarification by the Supreme Court.
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Sponsor Spotlight
It's great to
welcome the Livestock
Exchange at the Oklahoma National Stockyards as a new
sponsor for our daily email. The eight Commission firms at the
Stockyards make up the exchange- and they are committed to work hard
to get you top dollar when you consign your cattle with them.
They will present your cattle to the buyers gathered each Monday or
Tuesday at one of the largest stocker and feeder cattle auctions in
the world.
Click here for
a complete list of the Commission firms that make up the Livestock
Exchange at the Oklahoma National Stockyards- still the best place to
sell your cattle- and at the heart of Stockyards City, where you can
go around the corner enjoy a great steak and shop for the very best
in western wear.
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Outlook
Dim as Wheat Prices Unlikely to Improve Unless Grain Starts Moving
Oklahoma State University Extension Grains Market
Analyst Dr.
Kim Anderson talks wheat prices with SUNUP's
Lyndall Stout this week - and explains what factors are affecting
wheat prices and what chances farmers have to make a profit in
2017.
According to Dr. Anderson, the reason wheat prices
remain so low and seem to continue dropping, is simply because we
have too much wheat. The problem is compounded he says, by a large
corn harvest coming down the pipeline. Anderson says it is becoming a
major problem as grain elevators are reporting they no longer have
any available space to store other grains coming in.
In order to get the grain moving to potentially help prices recover,
Anderson says the price needs to come down low enough to make wheat
an attractive commodity for use in livestock feed. He cites that the
grain in storage currently, is best suited for feed use. On the other
hand, the current crop that has come in, is particularly good for
milling albeit low in protein. He says if some high-protein wheat
could be acquired to blend with it, that wheat supply could potentially
be pushed through the food supply. However, this will prove to be
difficult as high-protein wheat is hard to find presently, and with a
large corn crop on the way, it will be difficult to convince farmers
to feed wheat rather than the corn.
He says the best bet is to hope for a crop failure in
a foreign production area, so our region could export the excess
stores. Sadly, Anderson believes farmers will be unable to make a
profit as long as prices stay this low and grain stores remain in
excess.
Listen
to Dr. Anderson's current wheat market analysis, and be sure to
catch SUNUP this Saturday at 7:30 a.m. and Sunday at 6 a.m. on OETA-TV.
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Beef
and Pork Export Volumes Hit Spike in July While Values End Mixed
U.S. red meat exports posted solid results in July,
with volumes for both U.S. beef and pork trending higher than a year
ago, according to statistics released by USDA and compiled by the
U.S. Meat Export Federation (USMEF). Beef export value was down from
last July, but pork export value increased significantly.
July beef export volume increased 8 percent from a year ago to 99,341
metric tons (mt) - the second-largest monthly total this year - while
export value was $526.7 million, down 5 percent. For January through
July, export volume was up 4 percent to 640,888 mt, while value fell
10 percent to $3.44 billion.
Exports accounted for 14 percent of total beef production in July and
11 percent for muscle cuts only - each up about 1 percentage point
from a year ago. For January through July, these ratios were 13 percent
and 10 percent, respectively, steady with last year. Export value per
head of fed slaughter was $263.89 in July, down 5 percent from a year
ago, and $251.82 for January through July, down 13 percent.
Pork exports reached 180,547 mt in July, up 8 percent from a year
ago, while export value increased 11 percent to $491.9 million. For
January through July, pork export volume increased 3 percent to 1.29
million mt, while value was $3.27 billion - still 2 percent below
last year's pace.
Exports accounted for 27.5 percent of total pork production in July
and 23 percent for muscle cuts only - an impressive jump from a year
ago when these ratios were 23.5 percent and 21 percent, respectively.
For the first seven months of the year, exports accounted for 25.5
percent of total pork production and 21.5 percent for muscle cuts -
each up slightly from a year ago. Export value per head slaughtered
was $56.14 in July - up 19 percent from a year ago. For January
through July, per-head value averaged $49.37, down 2 percent.
Click
here to read more from the July U.S. red meat exports
report.
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NCBA
Searching for That Silver Bullet to End Volatility Woes in the Cattle
Markets
With all the volatility in the cattle market today,
people are starting to question the value of live and feeder cattle
contracts, wondering if they are hurting us more than they are
helping. Colin
Woodall of the National Cattlemen's Beef
Association's (NCBA) DC office and his team, have been meeting
regularly as of late with members of the CME Group to try and salvage
the value of the cattle futures contracts for the beef
business.
"There is no one silver bullet," Woodall said. "Matter
of fact, the question of what will fix this issue is one that is
asked every single day among our officers, our staff and of course
the membership - it is why we maintain our working group in order to
try and analyze the ideas that people have to fix this, and we've got
some ideas that we think can work."
During NCBA's last summer conference this past July in Denver, the
group was actually enlarged to ensure all geographical regions were
represented. The group was also divided into subgroups to focus on
different priorities including things like the recent price
volatility in the marketplace, price discovery and what mechanisms we
have in place for that, and the task of deciding if specifications of
the contracts themselves need changing. Woodall says these actions
and others are all in the works right now, and plan to discuss these
matters in person at a group meeting projected for October where he
is optimistic that some final resolutions may be decided upon.
Woodall says the members of NCBA are telling him that they want and
need these tools in place, but they need to work the way in which
they were intended.
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Sponsor
Spotlight
We are pleased to
have American
Farmers & Ranchers Mutual Insurance Company as
a regular sponsor of our daily update. On both the state and national
levels, full-time staff members serve as a "watchdog" for
family agriculture producers, mutual insurance company members and
life company members.
Click here to go to their AFR website to
learn more about their efforts to serve rural America!
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Despite Grim Attitudes
Towards Wheat, Farmers Need a Game Plan in Place
Since the last week of August, Extension Small Grains
Specialist Dr.
Dave Marburger has heard of planters starting to
roll across Oklahoma as farmers looking to establish their fall wheat
pastures are eagerly getting their seed in the ground. He said that
in terms of production, Oklahoma had a great harvest this year, but
with wheat prices what they are and predictions they could be below
production costs next year, he says it's hard to get excited about
it. Moving forward though, Dr. Marburger says farmers should try to
focus on what their objectives are for their wheat crop this year, be
it for forage, grain only or dual-purpose, and make decisions based
off that.
"It kind of depends on where we're at in the state,"
Marburger said. "If we're in the north-central region guys are
going to stick with that dual-purpose system. In other parts - say
the western part of the state - they are going to focus more on the
cattle. They're going to focus more on forage and probably not use a
dual-purpose system."
While farmers planting a grain-only crop this year have a little more
time to think things over, producers looking to get a fall wheat
pasture going, need to act fast. Dr. Marburger says to keep your
basic agronomics in mind as you prepare to start planting, such as
your planting date, seeding rates, seeding depths and of course
selecting the right variety mix. To help make an informed decision
about the varieties you choose to plant, he suggests visiting OSU
Extension's Wheat Variety Test Data website.
Dr. Marburger also says farmers should try to do all they can with the
things under their control as best as possible, to give yourself the
best chance at a successful crop. He suggests conducting a soil
sample test if you haven't in a while. Considering nitrogen-rich
strips may also be a way to minimize inputs he says. Also, if using
bin run seed this year, he highly recommends the seed be well-cleaned
to reduce risk of weeds and disease.
Listen
to my full conversation with Dr. Marburger, and be sure to catch
our interview during the weekly In the Field segment on KWTV News9 in
the Oklahoma City area on Saturday morning at 6:40 a.m.
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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.
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Enid Regional Development
Alliance Votes to Support Right to Farm
The board of the Enid Regional Development Alliance
voted Thursday to support State Question 777 also known as the Right
to Farm issue. The vote was intended to show support for the
agriculture industry in Northwest Oklahoma and the value added
agriculture employers in Enid.
Tom Evans,
the ERDA Chairman of the Board, said, "Agriculture is the
backbone of our economy in Northwest Oklahoma. The Enid Regional
Development Alliance voted to support SQ 777 to show our great ag
related employers in NW Oklahoma that we support their efforts to
feed and clothe the world."
Enid, Oklahoma is home to Hanor Companies, AdvancePierre Foods,
Johnston Seed, Consolidated Grain and Barge, ADM, other agriculture
service companies, and thousands of family farms which all contribute
greatly to the local economy. ERDA believes passage of SQ 777 will
allow agriculture to continue to grow and prosper in the region.
Brent Kisling,
the Executive Director for ERDA said, "I am pleased that our
board has recognized the importance of agriculture in Northwest
Oklahoma and has made a statement supporting their efforts. Enid is
certainly a pro-ag community."
The mission of the Enid Regional Development Alliance is to assure the
economic prosperity of Enid and the surrounding area.
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This
N That- Heritage Foundation Plans Push for Farm Subsidy End,
McAlester Cow Sale Saturday and AFR Heads for DC
The Heritage
Foundation is already laying out its case for ending
commodity programs and crop insurance policies in the 2018 farm
bill. The group is developing an agenda for the lobbying arm of
the organization to implement when farm bill negotiations get going.
Heritage contends that most farmers are able to manage risk without
taxpayer help. They say the $15 billion annually spent on programs
actually promotes riskier farming practices, such as limited crop
diversification and farming land prone to flooding and erosion.
Heritage believes that some farmers would lose their land, but they
feel the government should not be guaranteeing that all farming
operations survive and even flourish. The Foundation wants several
programs enacted in the 2014 farm bill to be eliminated, including
support programs like Agriculture Risk Coverage and Price Loss
Coverage. The group also wants to eliminate the dairy insurance
program and current U.S. sugar policies to be discontinued as well.
They want federal crop insurance to only cover deep yield losses and
disasters, and not cover revenue loss.
No surprises here- but it shows that challenges in writing the next
farm bill will be huge.
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The McAlester
Union Stockyards has a special Stock Cow Sale planned
for tomorrow at noon in McAlester. Selling will be over a thousand
head of cows, heifers, pairs and bulls.
Click here
to see the latest sale listing- and you can call McAlester Stockyards
to get more information this sale set for Saturday, September 10th.
**********
The leadership of the American Farmers and Ranchers are heading to
our nation's Capitol the first of this coming week- hooking up with
their national organization partner, the National Farmers Union, for
a fall Legislative Fly In.
Sam Knipp
has produced a podcast previewing the trip- featuring Steve Thompson
who runs down what the group will be doing and who they will be
talking to while in DC. Click
here to check out Sam and Steve's comments about heading to, as
Congressman Frank
Lucas has often called it, The Temple of Honesty.
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Rainfall and Fall
Like Temps Sliding Into Oklahoma
Cooler temps are expected for tomorrow and Sunday before we get back
into the low 90s next week- and it looks like we have a fair amount
of rain as we open the planting window for Winter Canola officially
tomorrow- September 10th.
Our old friend Bryce
Anderson posted the seven day precipitation map from
the NWS this morning on Twitter- and it paints us wet- so had to
share- here tis:
After the
Rain is happening as we write this in parts of Oklahoma- and rain
chances continue tonight into tomorrow morning- then mild temps
tomorrow and Sunday- and we repeat that by Tuesday and Wednesday of
this coming week.
For those that want to plant wheat and canola- it appears lack of
moisture will not be a problem in this year's planting window.
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Our
thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Genetics Inc., American Farmers
& Ranchers, Stillwater Milling Company, Oklahoma AgCredit, Livestock Exchange at the
Oklahoma National Stockyards, 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 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
God Bless! You can reach us at the following:
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Oklahoma Farm Bureau is Proud to be the
Presenting Sponsor of the Ron Hays Daily Farm and Ranch News Email
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