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        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!   
        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.        
          Our
        Oklahoma Farm Report Team!!!! 
        Ron Hays,
        Senior Editor and Writer 
        Pam Arterburn,
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        Dave Lanning,
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          | Oklahoma's Latest Farm and Ranch News 
          Presented by
 
 
  
 
          
          
          Your Update from Ron Hays of RON |      
         
          | Howdy Neighbors!   
          Here is your daily Oklahoma farm and ranch news
          update. 
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           Featured Story:
 
          Senator Jim Inhofe Wants EPA to be Held
          Accountable for Overreach Regarding WOTUS and Related Rules 
          U.S. Sen. Jim Inhofe
          (R-Okla.), chairman of the U.S. Senate Environment and Public Works
          (EPW) Committee, submitted the following opening statement for the
          record Tuesday at the Subcommittee on Fisheries, Water, and Wildlife
          oversight hearing entitled, Erosion of Exemptions and Expansion of
          Federal Control - Implementation of the Definition of Waters of the
          United States.  Witnesses included Don Parrish,
          senior director - regulatory relations, American Farm Bureau
          Federation; Damien
          Schiff, principal attorney, Pacific Legal Foundation;
          Valerie
          Wilkinson, chief financial officer, EGS Companies; Willam Buzbee,
          professor of law, Georgetown University Center; and Scott Kovarovics,
          executive director, Izaak Walton League of America.
 
          As submitted for the record:
 
 
          I want to thank Senator Sullivan for holding this very important
          hearing.  This Committee has conducted extensive oversight of
          both the development and the implications of the new Waters of the
          United States -- or WOTUS -- rule.  On behalf of Oklahomans and
          farmers and property owners across the United States, I was very
          relieved when the 6th Circuit Court of Appeals issued a stay on
          October 9, 2015 that prevented this rule from going into effect.
 
 
          However, I have heard concerns that the Corps and EPA are continuing
          to expand federal control over land and water, without any change in
          the statute or regulations.
 
 
          This hearing validates those concerns with concrete examples of how
          the Corps and EPA are already implementing the expanded federal
          control that they are trying to codify in the WOTUS rule.  The
          examples presented by these witnesses are not hypothetical. 
          They are based on the experiences of farmers, developers, and
          wetlands experts.
 
 
          The WOTUS rule allows use of remote sensing and aerial photographs to
          assert federal control over dry land.  The testimony presented
          today demonstrates that the Corps is already regulating land based on
          information from these tools, even when there is no on-the-ground
          evidence of a wetland or water.
 
 
          The WOTUS rule allows use of water that is below the surface of the
          land to assert federal control.  The testimony presented today
          demonstrates that the Corps is already claiming that ground water and
          even water in soil creates federal jurisdiction.
 
 
          The WOTUS rule erodes ordinary farming exemptions with its broad
          definition of tributary.  The testimony presented today
          demonstrates that federal officials are claiming authority over
          farming activities even on land that has no streams and no wetlands. 
          As far as EPA and the Corps are concerned all plowing is regulated
          and the farming exemptions no longer exist.
 |      
         
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          | 
           House Ag Subcommittee
          Gets Earful About Unneeded Federal Regulations
 
          Rep. David Rouzer
          (NC-7), Chairman of the House Agriculture Committee's Subcommittee on
          Livestock and Foreign Agriculture, held a hearing Tuesday on the
          market outlook for the livestock, dairy and poultry sectors. This was
          the final hearing in the Focus on the Farm Economy series,
          where each of the six subcommittees examined the growing pressures in
          rural America from the perspective of their subcommittee. Members
          heard from a panel of witnesses who highlighted the current
          conditions farmers and ranchers are facing as well as their concerns
          with recent and proposed regulations.
 
 "Many farmers and ranchers across rural America are facing
          significant financial challenges. Producers are experiencing a
          decrease in commodity prices with no relief in sight, markets are
          weak, and over the past three years, net farm income has fallen by 56
          percent. Farmers are facing razor tight margins, making them even
          more vulnerable to any additional regulatory burdens. It remains
          unclear why Secretary Vilsack recently decided to move forward with costly GIPSA
          regulations, and what we heard today illustrates the disastrous
          consequences these intrusions will have on livestock
          markets," said Subcommittee Chairman Rouzer.
 
 
 "With the growing stress in farm country, the last thing our
          producers need are costly new regulations.  Nonsensical EPA
          regulations like those addressing Waters of the United States, or
          impending USDA rules interfering with the efficiency of livestock
          markets will have a disastrous effect on markets that are already in
          a weak state. As the Committee has explored the broader impacts and
          sweeping consequences this economic downturn is having on rural
          America, we must work together to provide our farmers and ranchers
          with the necessary tools to compete in the global marketplace,"
          said Agriculture Committee Chairman K. Michael Conaway.
 
          Click
          here to view the webcast of the full hearing. |    
         
          | 
           NCBA, NPPC Weigh In
          During House Ag Subcommittee Hearing
 
          
          Leaders from both the National Cattlemen's Beef
          Association and the National Pork Producers Council testified Tuesday
          before the House Agriculture Committee's Subcommittee on Livestock
          and Foreign Agriculture.   
          NCBA President Tracy
          Brunner stressed to the subcommittee that
          over-regulation poses the greatest threat to the profitability of
          cattle producers. 
          "Today we ask for no direct action from our
          government in our cattle marketing systems and forums," said
          Brunner. "The cattle industry relies on the transparency of
          price discovery to send clear signals up and down the beef supply
          chain. We have recognized the volatility in the cattle futures market
          and we are working directly with the CME Group to find ways to
          address it. Our joint NCBA/CME working group is analyzing potential
          changes to ensure the markets work for producers who are using these
          tools to manage their market risks. Without futures contract
          integrity, our industry will abandon the use of these markets as a
          risk management tool." 
          Click
          here to read more about Brunner's testimony. 
          A challenge of particular concern to the pork industry
          is proposed rules from the U.S. Department of Agriculture related to
          the buying and selling of livestock, said NPPC board member David Herring,
          a pork producer from North Carolina who testified on behalf of NPPC.
 
 USDA is reproposing parts of the so-called GIPSA (Grain Inspection,
          Packers and Stockyards Administration) Rule, which first was proposed
          in 2010 to implement provisions included in the 2008 Farm Bill. The
          regulations, however, went well beyond the Farm Bill provisions and
          would have had a significant negative effect on the livestock
          industry, according to analyses. A November 2010 Informa Economics
          study of the rule found it would have cost the pork industry more
          than $330 million annually.
 
          
 Herring also reiterated NPPC's support for the Trans-Pacific
          Partnership, telling the subcommittee the benefits of TPP will exceed
          all past free trade agreements and represents a great opportunity for
          U.S. pork producers and for the entire U.S. economy.
 
          "Because other Asia-Pacific trade agreements are
          being negotiated without the U.S.," Herring testified, "the
          United States can't afford either economically or geopolitically to
          walk away from the fastest growing region in the world. Congress must
          pass the TPP, and it must do so soon." 
          Click
          here to read more about Herring's testimony. |    
         
          | 
           Staying Current is Key to
          Cattle Feeding Profits - Derrell Peel Explains
 
          
          Cattle
          feedlots are continuing to see a quicker turnover rate as they market
          cattle more aggressively, and Dr. Derrell Peel, Oklahoma State
          University Extension Livestock Marketing Specialist, says staying
          current could mean staying in the black moving forward.
 
 "The supplies are there; the price relationships have adjusted -
          that's a big key to that," he says. "In fact we're at the
          point now where from this point forward, feedlots can see some
          potential for positive margins."
 
 
 Peel says as long as the futures market continues to distant months
          relative to the current cash market, feedlots will have incentive to
          pull cattle forward.
 
 
 "It keeps us caught up with numbers, which are going to continue
          to trend up, but also importantly, what's it's done is pull the
          carcass weights down over the last few months," he says.
 
 
 Peel says feedlots staying current helps the overall market balance
          itself.
 
 
 "This industry in many ways, from top to bottom, I think now is
          sort of working historically the way we think it ought to work in
          some sense," he says. "We've been through a lot of stuff
          the last couple of years where that simply wasn't the case. For
          various reasons, the sectors just really didn't seem to kind of in
          balance with each other."
 
 
 As herd numbers continue to increase, Peel says cow-calf producers
          can expect revenues to come down. He says that can be mitigated by
          reducing costs and managing margins.
 
 
 When it comes to the stocker sector, Peel says current corn prices
          mean cheaper cost of gain.
 
 
 "There's not as much margin at the stocker level as there has
          been in the past, and stocker producers need to be aware of
          that," he says. "Keep an eye on that corn market; that's
          the one thing that could change that as we go through the year."
 
 
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          | 
           Goule Selected as New NAWG CEO
 
          
          The
          National Association of Wheat Growers (NAWG) announced Tuesday the
          selection of Chandler
          Goule as its new Chief Executive Officer. Goule,
          currently Senior Vice President of Programs at the National Farmers
          Union (NFU), comes to NAWG with eleven years of agriculture policy
          experience on the House side of Capitol Hill and will assume the role
          of Chief Executive Officer beginning July 5. NAWG has been conducting
          a nation-wide search for a new Chief Executive Officer to fill the
          vacancy left by Jim
          Palmer, who announced in April his intention to step
          down to spend more time with family and on his Missouri farm.
 
 "NAWG is very pleased to have Chandler on board," said NAWG
          President Gordon
          Stoner, a wheat grower from Outlook, Montana.
          "With our industry at a critical juncture, we know that with
          Chandler's guidance, NAWG will be in a great position to advocate on
          behalf of all wheat farmers. We are delighted to have such a talented
          and experienced person lead our D.C. staff."
 
 
 In addition to his NAWG CEO responsibilities, Goule will also serve
          as the executive director of the National Wheat Foundation (NWF).
 
 
 "Wheat has many challenges ahead, and we know Chandler is up to
          meeting them all head-on," said NWF Chairman Phil McLain, a
          North Carolina wheat grower.
   |    
         
          | 
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          to Have the Latest Energy News Delivered to Your Inbox Daily?  
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          broadcast journalist Jerry
          Bohnen has spent years learning and understanding how
          to cover the energy business here in the southern plains- Click here to
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          | 
           Study Shows Corn Exports
          Add $74.7 Billion To U.S. Economy
 
          
          Exports of U.S. corn and corn products generated $74.7
          billion in annual economic output in 2014, with sales of all U.S.
          feed grain products contributing $82 billion, according to a new
          analysis conducted by Informa Economics.
 
 According to the analysis, the export of corn and corn products
          increased the U.S. gross domestic product (GDP) by $29.8 billion over
          what would have occurred without such exports. The number of
          full-time equivalent jobs linked directly or indirectly to corn
          exports totaled 332,787.
 
 
 All feed grains examined - corn, corn products, sorghum and barley -
          increased the U.S. GDP by $33 billion over what would have otherwise
          occurred, affecting 371,536 jobs.
 
 
 "Corn - whether in the form of feed, ethanol, or meat and dairy
          - is a major driver of the U.S. farm economy. Exports impact not just
          farmers and ranchers, but the entire U.S. economy," said
          National Corn Growers Association President Chip Bowling,
          a farmer from Newburg, Maryland. "That's why it's so important
          that farmers and ranchers have access to international markets, and
          why we need global trade agreements such as the Trans-Pacific
          Partnership that give us a chance to compete."
   Click
          here to read more about the impact corn is making in the
          export market and find a link to the full analysis. |    
         
          | 
           Oklahoma Pork Council
          Sponsors Pre-Memorial Day Blood Drives - May 26 & 27
 
          Blood donors who boost community supplies for the
          Memorial Day holiday weekend will enjoy pulled-pork sandwiches at all
          Oklahoma Blood Institute (OBI) donor centers. The blood drive,
          Thursday and Friday, May 26 and 27, from 9 a.m. to 4 p.m., is
          sponsored by the Oklahoma Pork Council (okPORK). 
 
 
 In the metro-OKC area, donors can participate at:
 
          Central OKC, 901 N. Lincoln Blvd.
 
 North OKC, 5105 N. Portland Ave.
 
 Edmond, 3409 S. Broadway
 
 Norman, 1004 24th Ave. N.W.
 
          More details about the food drive can be seen in our
          web story- available
          here. |      
         
          | 
           Budget Deal Completed-
          and It's Expected the State Legislature Will Wrap Up by Friday- Sine
          Die
   
          Oklahoma Governor and lawmakers have reached a budget
          agreement on Tuesday.    
          Governor Mary
          Fallin, Senate President Pro Tempore Brian Bingman
          and House Speaker Jeff
          Hickman reached a 2017 fiscal year budget agreement
          that maintains common education funding at current levels, averts
          closures of hospitals and nursing homes and closes $969.3 million of
          the $1.3 billion budget gap policymakers faced this legislative
          session   
          
          
          
          If passed by the Legislature, the agreement would set
          FY 2017 appropriation levels at $6.78 billion, which is $360.7
          million, or 5 percent, less than FY 2016 appropriations prior to the
          midyear revenue failure and $67.8 million, or 1 percent, less than FY
          2016 appropriations as adjusted by the midyear revenue failure.   
          
          The $1.3 billion budget hole was the largest in state
          history. Facing that gap, public schools braced for state aid
          reductions of up to 20 percent and the Oklahoma Health Care Authority
          had prepared to initiate provider rate cuts of up to 25 percent,
          which would have caused some hospitals and nursing homes statewide to
          close or dramatically reduce services.   
          "Thankfully, those worst-case scenarios can be
          averted by passing this budget," said Governor Mary Fallin.
          "This agreement closes a sizeable portion of a monumental budget
          hole and prevents the dire, unacceptable outcomes so many Oklahomans
          have feared may happen this session. There are still reductions in
          this budget, and it requires more hard votes to pass, but it is
          certainly a workable budget even amid a major energy sector downturn
          that is creating difficulties all across Oklahoma. We worked hard to
          protect key core services - common education, health and human
          services, corrections, mental health services and the Oklahoma Health
          Care Authority - while keeping our eight-year transportation
          infrastructure plan intact."   
          Click
          here to see the complete budget spreadsheet.   
          It appears that the Oklahoma Department of Ag will
          receive a 10.6% budget reduction from the original FY16 budget for
          FY17- while the Oklahoma Conservation Commission faces a 9.22% budget
          cut from the original FY16 budget set at this time a year ago.     
          
          Legislative leaders said the
          agreement can be passed through the Legislature by Friday's 5 p.m.
          constitutional deadline to adjourn Sine Die.   
          "For months, the public has been concerned about
          the possibility of four-day school weeks and mass closings at rural
          hospitals and nursing homes because of drastic budget cuts. The
          budget agreement is a practical solution that closes the shortfall
          while avoiding extreme cuts and worst-case scenarios in our schools,
          our hospitals and nursing homes," Senate President Pro
          Tempore Brian Bingman said.   
          "This agreement fully reflects the House
          Republican priority to see that schools are protected, hospitals stay
          open and road projects stay on track. It is a balanced approach that
          reins in tax breaks, responsibly bonds long-term infrastructure and
          causes agencies to make the difficult spending reductions necessary
          in a historic oil bust. House members worked harder than ever this
          session to find conservative solutions to the greatest budget
          challenge of our generation and we have those solutions in this
          agreement. We committed months ago to leading our state out of this
          hole and now we must be committed to seeing this budget through to
          the finish line," House Speaker Jeffrey W. Hickman,
          R-Fairview said.         |  |  
        | 
         
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