Page 10 - MWC 4-20-2023s

The Midwest Cattleman · April 20, 2023 · P10
BIDEN VETOES CONGRESSIONAL RESOLUTION TO END WOTUS RULE
President Joe Biden re- “America’s farmers, ranch- of the resolution. All mem- determine if a water feature
cently vetoed a bipartisan ers and landowners have bers of the Kansas congres- on their land is considered
congressional joint resolu- made it clear this WOTUS sional delegation, except U.S. federally regulated. NCBA
tion that would have over- definition is overly burden- Rep. Sharice Davids, voted and KLA remain actively en-
turned the harmful waters some and unworkable, only for the resolution. gaged on this issue, both in
of the U.S. (WOTUS) rule, exacerbating the regulatory The new WOTUS rule cre- the courts and in Congress.
which has been in effect since uncertainty rural communi- ates more uncertainty for KLA
March 20. The resolution was ties currently face. By veto- cattle producers by putting
passed by both the House ing this resolution, President the burden on individuals to
and Senate under the Con- Biden has once again turned
gressional Review Act, which his back on rural America,”
allows Congress to overturn said Rep. Glenn “GT” Thomp-
rules from federal agencies, son of Pennsylvania, chair-
like the Environmental Pro- man of the House Committee
tection Agency (EPA). on Agriculture and cosponsor

GRAVES & ROUZER LOOK FORWARD TO
BIDEN VETO OVERRIDE VOTE ON WOTUS

By Justin Harclerode
House Transportation both the House of Represen-
and Infrastructure Commit- tatives and the Senate for
tee Chairman Sam Graves putting a stop to his over-
(R-MO) and Water Resourc- reaching rule. On February
es and Environment Sub- 2, 2023, the House voted to
committee Chairman David overturn the Biden WOTUS
Rouzer (R-NC) responded rule. And on March 29, 2023,
to President Biden’s veto of the Senate likewise voted to ica’s families, farmers, small san basis — to stand up for
their resolution (H.J. Res. stop the rule. businesses, builders, and families, farmers, and entire
27) to overturn the Admin- H.J. Res 27 was sponsored entire communities already communities by rejecting his
istration’s flawed, burden- in the House by Graves, Rou- suffering under the Presi- flawed ‘Waters of the U.S.’
some “waters of the United zer, and 169 other House dent’s disastrous policies of (WOTUS) rule,” Rouzer said.
States” (WOTUS) rule. The Members. In the Senate, En- the last two years,” Graves “I urge all of my colleagues
two Chairmen noted their vironment and Public Works said. “I urge more of my col- on the other side of the aisle
eagerness for a House vote to Committee Ranking Member leagues on the other side of to join us in overriding this
override the President’s veto. Shelley Moore Capito (R- the aisle to recognize the eco- veto so we can terminate this
The Biden WOTUS rule WV) led the successful effort nomic pain that these kinds ambiguous, onerous and bur-
will lead to sweeping chang- to pass the legislation. of costly, overreaching poli- densome rule. Failing to do
es to the federal govern- “Once again, President cies are inflicting on Ameri- so will only make it harder
ment’s authority to regulate Biden has chosen to side with cans across the country.” to farm, build, and generate
what is considered a navi- far-left environmental ac- “While President Biden economic prosperity at a time
gable water, with consider- tivists over everyday Amer- bows to the demands of rad- when it is sorely needed.”
able economic impacts. The icans, as well as majorities ical environmentalists at
President’s veto of H.J. Res. in both Houses of Congress. the expense of hard-working House Transportation
27 defies Congressional will This veto is just the latest Americans, Congress came and Infrastructure
and bipartisan support in regulatory assault on Amer- together — on a bi-parti- Committee

FED PRICES tighter feeder cattle supplies to have a typical seasonal de- for 500–550-pound, Medium/
continued from page 3 and are likely to continue de- cline going forward. Large No. 1 steer prices for
creasing at least through 2023, Feeder cattle prices have the week ending April 7 were
do not exceed nearby levels pushing fed prices higher. Fed not yet reached record levels $251.41/cwt., the highest price
until the February 2024 con- prices may increase more slow- but are advancing to surpass since August 2015. The record
tract (currently $174/cwt.). ly or plateau briefly in the sum- previous price peaks. Oklaho- price for this weight group
Will fed prices follow this mer months but are not likely ma combined auction prices was $306.42/cwt. on Decem-
typical seasonal pattern this ber 12, 2014. For the heavier
year? Figure 1 suggests feeder cattle, 800-850-pound
maybe not. In 2021 and 2022, steer prices averaged $189.53/
the strong uptrend in fed pric- cwt., the highest price since
es offset seasonal tendencies, October 23, 2015. The highest
with prices moving continually previous price for these steers
higher. There is good reason to was $238.87/cwt. on October
expect the uptrend to continue 10, 2014. Feeder cattle prices
in 2023.The seasonality priced are currently about 80 percent
into the markets now may fade of the record price levels in
as markets trend higher going late 2014 and will undoubted-
forward. ly exceed previous high prices
Feedlot inventories are just at some point in the coming
beginning to fall with ever months.