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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.     Let's Check the 
                        Markets!    Today's 
                        First Look:   Ron 
                        on RON Markets as heard on K101  mornings 
                        with cash and futures reviewed- includes where the Cash 
                        Cattle market stands, the latest Feeder Cattle Markets 
                        Etc.   Okla 
                        Cash Grain:   Daily 
                        Oklahoma Cash Grain Prices- as reported 
                        by the Oklahoma Dept. of Agriculture.   Canola 
                        Prices:   Current 
                        cash price for Canola is $12.63 per bushel at the Northern 
                        Ag elevator in Yukon-  2012 
                        New Crop contracts for Canola are now available at 
                        $12.63 per bushel- delivered to local 
                        participating elevators that are working with PCOM.   Futures 
                        Wrap:   Our 
                        Daily Market Wrapup from the Radio 
                        Oklahoma Network with Ed Richards and Tom Leffler- 
                        analyzing the Futures Markets from the previous Day.   KCBT 
                        Recap:  Previous Day's Wheat Market Recap-Two 
                        Pager from the Kansas City Board of Trade looks at all 
                        three U.S. Wheat Futures Exchanges with extra info on 
                        Hard Red Winter Wheat and the why of that day's 
                        market.    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.   |  | 
                    
                    
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                            | Oklahoma's 
                              Latest Farm and Ranch News  
                                Your 
                              Update from Ron Hays of RON    
                              Tuesday, 
                              May 22, 
                          2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:   Weekend 
                              rains slowed the earlier-than-average wheat 
                              harvest significantly, but it was estimated to be 
                              14 percent complete by Sunday. Canola harvesters 
                              have progressed well, with 56 percent of the crop 
                              having been combined by week's end.
 Seventy 
                              five  percent of the winter wheat crop was in 
                              good to excellent condition while 19 percent was 
                              listed in fair condition and six percent was 
                              listed as poor or very poor.
 Seventy 
                              three percent of canola was in good to 
                              excellent condition with 23 percent in fair 
                              condition and only four percent was in poor or 
                              very poor shape.
 In Kansas, 43 percent of 
                              the winter wheat crop was in good to excellent 
                              condition, 35 percent was in fair shape and 22 
                              percent was in poor or very poor 
                              condition..
 
 Texas wheat showed 34 percent 
                              in fair shape, 32 percent in poor or very poor 
                              condition, 26 percent in good condition, and eight 
                              percent was in excellent condition.
 
 The latest Oklahoma Crop Weather 
                              Update from Monday afternoon is available by 
                              clicking here.
   For 
                              the national Crop Progress numbers- as released on 
                              Monday afternoon, May 21st- click here.  
                           |  
                          
                          
                            | Sponsor 
                              Spotlight   We 
                              welcome the Oklahoma Energy Resources 
                              Board as a daily email 
                              sponsor- The OERB voluntarily 
                              restores  abandoned well sites - at 
                              absolutely no cost to landowners. Since 1994, 
                              we've dedicated more than $66 million to restoring 
                              more than 11,000 orphaned and abandoned well sites 
                              across the state. Their goal is to make the land 
                              beautiful and productive again. To learn more, 
                               click here for their well site 
                              cleanup webpage. 
                                   
                                    We 
                              are also excited to have as one of our sponsors 
                              for the daily email Producers Cooperative Oil 
                              Mill, with 64 years of progress through 
                              producer ownership. Call Brandon Winters at 
                              405-232-7555 for more information on the oilseed 
                              crops they handle, including sunflowers and 
                              canola- and remember they post closing market 
                              prices for canola and sunflowers on the PCOM website- go there by 
                              clicking here.      |  
                          
                          
                            |  Wheatwatch 
                              2012: Rain and Hail Bring Damage, Halt to Harvest 
                              Across Oklahoma  The 
                              hail storms in SW Oklahoma Saturday night have 
                              left their mark. Reports coming into the Oklahoma 
                              Wheat Commission say the wheat crop in some areas 
                              has sustained minor to substantial 
                              damage.
 Washita and Custer County are both 
                              reporting 10 - 15% losses, county wide. A few 
                              fields will be in the 50 - 75% loss area and some 
                              could be zeroed out.
 
 The Canute and Foss 
                              area was hit very hard with the hail. Hail damage 
                              was also reported in the Mountain View area (Kiowa 
                              County). The storms were very wide spread and very 
                              sporadic as the hail fell. Rain gauges measured 
                              anywhere from .70 to over 3 inches in these 
                              areas.
 
 Harvest will most likely begin again 
                              in full force by Thursday with the hot, windy 
                              conditions predicted and some may start as early 
                              as Wednesday evening in these 
                              areas.
 
 Be sure and check out the full report 
                              by clicking here.
   |  
                          
                          
                            |  Canadian 
                              County Canola Harvest Comes to Profitable 
                              Conclusion  Canola 
                              harvest is starting to wind down across the state 
                              and Canadian County Ag Extension Educator 
                              Brad Tipton reports to us via 
                              email:
 "This year Bornemann Farms recorded 
                              the best production agriculture winter canola 
                              yield we have ever had in Canadian 
                              County.   Ray had a 120-acre canola 
                              field produce over 46 bushels per acre (2,314 
                              lbs/ac).
 
 "Also, I have attached pictures of 
                              Jerry Lingo cutting over 40 bushels of canola per 
                              acre (2,010 lbs/ac). In the field where these 
                              images were taken, Jerry indicated, 'When one 
                              considers the price of canola vs. wheat, the gross 
                              and net income we made from this year's canola 
                              crop is basically the equivalent of producing 75 
                              bushels of wheat.'
 
 "Canadian County canola 
                              harvest has come to a successful and very 
                              profitable conclusion.   The only 
                              regret canola growers have is wishing they would 
                              have planted more acres of winter canola last 
                              fall!"
 
 Tipton also reports that wheat 
                              harvest is progressing well in Canadian 
County.
   Click here to see Tipton's pictures 
                              and read more about harvest in Canadian 
                              County.    |  
                          
                          
                            |  It 
                              was Chicken Versus Beef at the Opening Session of 
                              the Alltech 
                              Symposium  What 
                              is the future of agriculture? Where do you see the 
                              food industry going in the future? Each year 
                              Alltech tries to answer these questions at its 
                              annual symposium. We traveled to this 
                              year's event and, on Monday, heard a 
                              presentation with Tim Gannon, the 
                              founder of Outback Steak House and former Kentucky 
                              Governor John Y. Brown, the 
                              founder of Kentucky Fried Chicken.
 Both 
                              companies are worldwide and feed hundreds of 
                              millions of meals to customers each year. If that 
                              weren't a massive enough undertaking, add on top 
                              of that producing a consistent product year in and 
                              year out that meets the highest safety 
                              standards.
 
 "Our real threat is supply and 
                              how we can get a safe product to our customers," 
                              Gannon says.
 
 With far flung networks of 
                              restaurants all over the world, that is no easy 
                              task. Gannon says his company buys over $400 
                              million worth of beef every year. The remaining 
                              45% of his menu items are non-red meat.
 
 Both Gannon and Brown say that an 
                              overarching concern for safety and quality is very 
                              difficult to maintain in a corporate 
                              environment.
   You can hear the full conversation 
                              between Gannon and Brown by 
                              clickinig here.   |  
                          
                          
                            |  Cattle 
                              Feeders Running Out of Magic Tricks, Peel Says  In 
                              the latest Cow/Calf Newsletter, Oklahoma State 
                              University Extension Livestock Marketing 
                              Specialist Derrell Peel looks at 
                              what the trends in cattle markets are doing to 
                              feeder cattle supplies:
 
 The latest USDA 
                              Cattle on Feed report indicated that April feedlot 
                              placements were down 15 percent from last year. 
                              Month to month swings in feedlot placements and 
                              marketings are common and any one month does 
                              necessarily indicate a trend. However, it is 
                              likely that smaller feeder supplies have finally 
                              caught up with feedlots and placements are 
                              expected to be reduced in the coming months with 
                              feedlot inventories declining as we move through 
                              the remainder of the year.
 
 Feedlots have 
                              seemingly defied the odds by maintaining feedlot 
                              placements for several months despite ever tighter 
                              feeder supplies. A variety of factors have 
                              contributed to the timing of feedlot placements in 
                              recent months. What is happening now would likely 
                              have happened in 2011 were it not for the drought 
                              forced sales of cattle last summer and fall.
   Derrell has a lot more to say on this 
                              topic and you can find it by clicking 
here.   |  
                          
                          
                            |  Wheat 
                              Varieties Begin to Show Their True Colors as 
                              Harvest Progresses  As 
                              test weights, yields and protein levels start to 
                              tell the tale on this year's wheat crop, OSU 
                              Extension Small Grains Specialist Dr. Jeff 
                              Edwards says he is surprised. 
                              
 "I'm surprised at how good it looks given 
                              the year that we've had. We've had drought stress 
                              and every kind of stress you can think of and it 
                              still looks pretty good."
 
 Edwards says he's 
                              looking especially closely at OSU-bred Duster 
                              since it is the most popular variety in the state 
                              this year. He said he is also paying close 
                              attention to its descendants which are exceeding 
                              expectations.
 
 "Duster looks good. I don't 
                              think Duster is going to have the same year it did 
                              a couple of years ago, but I still think Duster 
                              will perform fairly well. We've got a couple of 
                              varieties out here I call sons of Duster; we've 
                              got Gallagher and Iba and both of those look 
                              really good.
 
 Click here to read more from Jeff 
                              Edwards.
   |  
                          
                          
                            |  Choice Beef 
                              Trade Ends Last Week on a High Note, Trimmings 
                              Down, Czerwien Says  In 
                              this week's beef report, according to Ed 
                              Czerwien, USDA Market News Office in 
                              Amarillo, Texas, we saw the choice cut market end 
                              the week May 19, 2012 at $192.51 cwt, about $3.40 
                              higher than the previous Friday. However, the 
                              trimmings category has lost $36.00 in the last 
                              three weeks. The total reported load volume was 
                              7,279 loads, 490 loads higher than week ago 
                              levels. 
 The general trend in the finished 
                              cattle trade was mostly $3.00 higher with live 
                              sales in Texas and Kansas selling mostly at the 
                              $120.00 cwt mark. Northern live sales were $123.50 
                              to 125.00 cwt. and dressed sales at $195.00 cwt in 
                              the meat.
 
 The average live weight from the 
                              Texas Panhandle was 1,229, two pounds higher from 
                              the previous week.
   Ed Czerwien's full audio analysis on 
                              last week's beef trade is available by clicking 
                              here.   |  |  
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                            |     God Bless! 
                              You can reach us at the following: 
                               phone: 405-473-6144  
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