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Let's Check the Markets!
FedCattleExchange.com has a total of 2,684 cattle on their showlist for the today's sale of finished cattle-the sale starts at 10 AM this morning- click here for more details.
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:
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
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Wednesday, May 24, 2017
Trump Administration Submits Budget Proposal for Fiscal Year 2018 Requesting $231 Billion in Cuts to Ag Spending
Yesterday, the Trump administration submitted it's budget proposal for the 2018 Fiscal Year. In it, Trump has requested that $231 billion be trimmed from mandatory Farm Bill spending over the next ten years including a $193 billion cut to SNAP and an additional $8.494 billion in mandatory USDA cuts. It also calls for a 20 percent cut in USDA discretionary spending.
The leaders of both the House and Senate Ag Committees, Chairmen Mike Conaway and Pat Roberts, issued a joint statement after the budget was submitted, saying they supported the administration's goal of increasing the nation's overall economic growth by 3 percent. However, the two policymakers said they would continue to debate the budget to ensure farmers and ranchers retained the resources they need from the government.
"As we debate the budget and the next Farm Bill, we will fight to ensure farmers have a strong safety net so this key segment of our economy can weather current hard times and continue to provide all Americans with safe, affordable food," the statement reads. Click here
to read their full comments.
Collin Peterson, ranking member of the House Ag Committee, though, was more direct in his reaction to these proposed cuts that would significantly impact constituents and their opportunity for success.
"This budget should be a warning to people in rural America. For years, groups like the Freedom Caucus, Heritage Foundation and Club for Growth have been advocating for these exact policies as part of their goal to completely do away with farm programs. They are now closer to making this a reality than ever before," Peterson said. You can read his full remarks here
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|Ag Industry Cries Out Against White House Budget Cuts, Calls for Congress to Reject Proposal
Agricultural organizations lashed backed at the White House yesterday after the President's proposed budget plan was released. If approved, the budget would incur dramatic slashes to important programs throughout the whole of agriculture, but in particular, the Farm Bill, and more specifically - crop insurance safety net programs.
Crop insurer associations were some of the first to speak out against the President's proposal.
The American Association of Crop Insurers, Crop Insurance and Reinsurance Bureau, Crop Insurance Professionals Association, Independent Insurance Agents and Brokers of America, National Association of Professional Insurance Agents, and National Crop Insurance Services
released the following joint statement in response.
"Weakening crop insurance and making it more difficult for farmers to bounce back during tough times will jeopardize rural jobs and will find little support in rural America or on Capitol Hill. The rural economy is already suffering through a period of low prices and a multitude of spring weather disasters. Yet, the Administration's budget proposal targets the primary tool farmers use to handle these risks." Click here
to get the full reaction of these associations.
Wheat growers across the nation also opposed such massive cuts to the budget, at a time when net farm income is nearly half what it was just three years ago.
understands the administration is facing pressure to reduce spending and lower the national debt. However, proposing cuts to crop insurance and weakening the Farm Bill is not the right approach. Proposing significant restrictions on crop insurance, commodity, conservation, trade, nutrition, and economic development programs is short-sighted and ignores the needs of rural America." To read NAWG's statement, click here.
President of the American Farm Bureau Federation Zippy Duvall
, agreed, saying that this proposal, "clearly, fails agriculture and rural America.
"Farm income is down substantially since Congress passed the last farm bill. USDA cuts of this magnitude in the current economic cycle would be unwarranted and unwise." Click here
to read the full statement by Duvall.
"By shredding our farm safety net, slashing critical agricultural research and conservation initiatives, and hobbling our access to foreign markets, this budget is a blueprint for how to make already difficult times in rural America even worse," said Ron Moore, ASA president
and a soybean farmer from Roseville, Ill. Click or tap here
to read his full statement.
Even the conservation community took issue with the White House's budget, which seeks to privatize conservation planning.
"We are very concerned," NACD President Brent Van Dyke
said. "The need for conservation assistance is so immense across the country, it will take every dollar from both the public and the private sectors to get the job done." Read NACD's complete reaction here
"A budget proposal is about priorities for our county-and the budget the President released today is filled with misplaced priorities that would be terrible for America's food system, our people and our nation," said Food Policy Action acting executive director Willy Ritch.
You can read his whole statement, on our website by clicking here.
|US Beef Flying Off Shelves in Korea - Beef Board Chairman Brett Morris Shares Firsthand Experience
Recently on a trip to Asia representing the Cattlemen's Beef Board and Oklahoma's Beef Council, Ninnekah native and cattle producer, Brett Morris
, visited South Korea to tour facilities where beef products are shipped, stored and sold and build working relationships with leaders of the industry there. Morris took time to speak with me this past week and share his experiences in Asia.
"About a week or ten days before we were there, (Costco) had announced that they were going to start selling 100 percent US beef," Morris said. "Through that transaction, with that seven to ten days, they said that their beef sales had went up 60 percent."
In addition to this revelation, workers that tend the meat counter at this store, told Morris and the other delegates, that on that day, between the time they opened their doors at 8:00 a.m. to their visit at 3:00 p.m. that afternoon, the meat cases had already sold out and had to be refilled three times.
"That kind of reassures us that there's going to be a market there and there's going to be demand - so, we need to keep that going," Morris explained. "They just love American beef over there."
Listen to Morris and I talk about his recent visit to South Korea representing the US beef industry, on yesterday's Beef Buzz - click here
Our Associate Farm Director Carson Horn had the chance to meet one of OSU's great minds and former administrators, Dr. Robert Westerman, now retired, during the celebration of the 125 year anniversary of the Historic Magruder test plots in Stillwater. Westerman played an integral part in the history of these plots, having overseen the research there for 14 years between 1977-1991.
"(OSU) is the leader of soil fertility, plant nutrition and nutrient management in the United States," Westerman said approvingly. "It's been under the direction of Dr. Bill Raun for the past 26 years and he's done a marvelous job. Our program here at Oklahoma State is recognized world-wide and is world famous for what it has done in GreenSeeker technology and nutrient management."
Westerman says the Magruder plots have served as the foundation base of data, illustrating 125 years of weather variables and plant response to fertilization, which has helped to guide producers in making the most efficient management decisions on their operations.
"There's been some remarkable results obtained," Westerman stated, "and those are well demonstrated by those plots at Magruder."
Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April.
They would like to thank all of you who participated in their 2017 Oklahoma City Farm Show.
Up next will be the Tulsa Farm Show in December 2017- the dates are December 7th, 8th and 9th. Now is the ideal time to contact Ron Bormaster at 507-437-7969 and book space at the 2017 Tulsa Farm Show. To learn more about the Tulsa Farm Show, click here.
Yesterday, CropLife America President and CEO Jay Vroom and CLA Senior Vice President and General Counsel Rachel Lattimore spoke to representatives of the agriculture community about agribusiness in regards to the current political climate. The event, hosted by Barnes & Thornburg in Indianapolis, Indiana, took an in-depth look at Emerging Trends and Opportunities in the Agricultural and Food Industries.
The focus of Vroom's presentation was the importance of fostering innovation in the ag industry. He says he has watched since the new administration has taken over in DC, and sees a trend growing to protect intellectual property. He says the current political climate is conducive to inventive thinking and says too, offers incentive to would be inventors, through a science-based regulatory system that ensures continued investment in new technology that enables farmers to grow robust crops on less land, promoting environmental sustainability.
"Sustainability is more than just a slogan for U.S. farmers," Vroom said. "Thanks to highly advanced tools, farmers now have metrics to show U.S. farm production is the most protective of biodiversity and economically sustainable in the world."
Vroom focused on a couple of important policy issues currently facing agribusiness pertaining to ag exports as an essential GDP contributor and the imperative need to fix the Endangered Species Act.
"Requirements in ESA have greatly impeded the ability of the Environmental Protection Agency and the U.S. Department of Agriculture to complete their missions. The current process makes it impossible for them to efficiently review new products and re-examine older products used by farmers," he continued.
"It's time for government to resolve this conundrum and restore some sanity to the process of protecting endangered and threatened species."
to visit our website, and learn more about Vroom's ideas on how to take advantage of the current political situation to advance agriculture's mission, and read about Lattimore's presentation as well.
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In this week's Cow/Calf Corner newsletter, Glenn Selk
dedicated his article to helping producers understand some concepts that could come in handy, when it comes to storing hay this summer. He says if you follow his advice, you can reduce the amount of hay you could lose due to storage-related complications.
Selk based his advice off a study conducted by the University of Tennessee where hay bales were weighed at the time of harvest and storage. Then they were weighed again the following January at the time of winter feeding.
"The storage site is an important consideration in reducing bale losses," he writes. "Select a site that is not shaded and is open to breezes to enhance drying conditions. The site should also be well-drained to minimize moisture absorption into the underside of the bales. As much as 12 inches of the bottom of a bale can be lost through moisture absorption resulting from the wicking action. Ground contact can account for over half of the total dry matter losses. Where practical, keep bales off the ground using low cost, surplus materials such as discarded pallets, racks, fence posts, railroad ties, and used tires. Another alternative is to use a layer of crushed rock about six inches deep to ensure good drainage within and around the storage site.
Get more of Selk's advice from the most recent edition of the Cow/Calf Corner newsletter, here
|Overnight- Oklahoma Lawmakers Vote Out Budget Choices for Friday Consideration
Just before midnight- the Oklahoma State House Joint Committee on Appropriations and Budgets (JCAB) approved two budget plans, both totaling $6.9 billion, in an effort to pull the state out of the current fiscal crisis.
Each plan includes zero cuts for 16 state agencies, including common education, health care, mental health and juvenile affairs.
In plan one, the remaining 54 agencies would receive a four or five percent budget cut and would not include a raise for teacher pay.
In plan two, the remaining 54 agencies would receive an eight percent budget cut, however, this plan would include a teacher raise of $1,000.
According to News 9's Aaron Brilbeck
, legislators were upset because they were only allowed 11 minutes to review each plan before a vote was called.
News9 has the House Measure online- click here
to check it out.
It appears that under this House plan- The Oklahoma Department of Ag would be appropriated $19,903,871 for FY2018- about two million dollars less than allocated in FY2017. These are monies from the General Revenue Fund.
Conservation Commission spending seems to be little changed from FY 2017 at $9.4 million.
More clarity on all of the numbers has been promised by Legislative Leaders ahead of House and Senate votes before the end of the day on Friday.
|Speaking of the Budget- Scott Biggs on Turning Back Challenge to FFA
We picked up the following on line "Op-Ed" from State Representative Scott Biggs yesterday from his Facebook Feed- it grabbed my attention and so thought you find it interesting as well(this would have been happening late Monday evening):
"In a late night stunt, a bill was heard in the Oklahoma House Committee which would have had a devastating impact on the Oklahoma FFA.
"In its original form HB2405 could have prevented not only State FFA convention for 3 years, but also numerous camps and leadership training events held across the state. A last minute amendment removed that language, it instead took aim at "ribbons, awards, prizes, trophies, stationary." It was an effort to save a small amount of money.
"Every year students work for and even dream about a ribbon, that State Degree certificate or even one the the large plaques on stage. It may be the reason they wake up before school to care for animals, why they spend hours practicing and rehearsing speeches or countless weekends in the wind and weather judging.
"Trying to balance the budget on the backs of programs like Oklahoma FFA is inexcusable, and I am proud to say after debate against the bill, it failed 5 in favor and 21 against.
In these last few days of session, let us hope this is the last attack on the Oklahoma FFA."
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