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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 $12.00 per bushel at the Northern 
                        Ag elevator in Yukon-  2012 
                        New Crop contracts for Canola are now available at 
                        $12.00 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    
                              Thursday, 
                              May 24, 
                          2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:  Dry 
                              Weather Speeds Wheat Harvest in Southern, Western 
                              and Central 
                              Oklahoma  Harvest 
                              is progressing from south to north and is in full 
                              swing across southern, western and central 
                              Oklahoma. Weekend rains slowed progress in some 
                              areas, but warm, dry conditions have crews back in 
                              the field.
 In Carnegie, Ryan 
                              Clark of Johnston Grain said business is 
                              booming. He has trucks coming in from every 
                              direction and the wheat is looking very good. Test 
                              weights are in the 60 to 62 range and moisture 
                              levels are dropping slowly. He says they are 25 
                              percent done with harvest. Yields are running 
                              anywhere from 27 bushels to the acre to just over 
                              59. He said there is some concern that the custom 
                              cutters in the area will move further north before 
                              everyone is cut out, but he expects harvest will 
                              be over by June 10th.
 
 In Weatherford, 
                              Vincent Smith said they were just 
                              getting started again after the rains. Test 
                              weights are running 59-60 pounds per bushel. He 
                              said the yields are in the 30-bushel range, and 
                              some of producers are a little disappointed as 
                              they had expected to see yields in the 
                              40s.
 
 Marty Pyron in 
                              Clinton said about 20 percent of the crop in his 
                              area has been cut. He estimated yields to be about 
                              35 bushels to the acre with test weights of 59-60 
                              pounds. He said farmers had expected yields to be 
                              a little higher, but the hot weather at the 
                              beginning of the month hurt them more than they 
                              realized.
   Check out more of our written and 
                              audio reports on harvest progress by clicking 
                              here.    One 
                              other harvest resource that has just been added to 
                              the mix is a new Facebook page for W.B. 
                              Johnston Grain.  Joey and the folks 
                              at Johnston have already added several harvest 
                              pics- and one report and pictures comes from SDK 
                              Farm out of Buffalo in northwest Oklahoma- 60 
                              bushels per acre- 60 pound test weight with 13.2% 
                              moisture. Click here for the W.B. Johnston face 
                              book page.    |  
                          
                          
                            | 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 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!   |  
                          
                          
                            |  Lalman 
                              Says Moderation is the Key to Maximim Profits in 
                              Oklahoma Cow-Calf 
                              Operations  Dr. 
                              Dave Lalman from Oklahoma State 
                              University spoke at the Alltech Ag Futures 
                              Symposium in Lexington, Kentucky, on the future of 
                              the cow-calf end of the cattle business. Lalman 
                              spoke with us about trends in the cattle business 
                              and how cow-calf producers can improve their 
                              efficiency.
 Lalman said it was easy to see 
                              how frame size swung toward the ever larger size 
                              from the 1940s to the 1980s. He said frame size is 
                              easy to spot and select for and perhaps the 
                              pendulum swung a little too far to the large end 
                              of the spectrum for maximum 
                              efficiency.
 
 Even though we now have more 
                              genetic tools at our disposal than we did in years 
                              past, finding the right balance is not always 
                              easy.
 
 "Now we have the tools to increase 
                              milk production, to increase muscling, to monitor 
                              mature size and so on, and so we sort of get 
                              caught up in the idea that because we have those 
                              tools that more is better. And all I was trying to 
                              encourage folks to consider here today is that if 
                              it's a commercial cow-calf operation with a 
                              moderate level of inputs or even low inputs with a 
                              forage base, hopefully, that moderate genetic 
                              selection at least in terms of mature size, milk 
                              and muscle is probably more 
appropriate."
   You can read more and hear our full 
                              interview by clicking her for our webpage.   |  
                          
                          
                            |  Vilsack 
                              Announces New and Expanded Access to Credit for 
                              America's Farmers and Ranchers  Agriculture 
                              Secretary Tom Vilsack announced 
                              that the U.S. Department of Agriculture has made 
                              substantial, year-over-year gains in expanding 
                              credit opportunities for farmers and ranchers 
                              across the United States. The increase in farm and 
                              operating loans has helped improve farmer and 
                              rancher productivity, launched new start-up 
                              operations, and ensured opportunities in 
                              agriculture for many more Americans. With expanded 
                              access to credit, USDA is helping a new generation 
                              of farmers sustain and build upon what is now the 
                              most productive period in history for American 
                              agriculture. To that end, Vilsack announced the 
                              Department is seeking comments on a new microloan 
                              program to help small and family operations 
                              progress through their start-up years with needed 
                              resources, while building capacity, increasing 
                              equity, and eventually graduating to commercial 
                              credit.
 "Over the past three years, we have 
                              expanded farm and operating loans to Americans 
                              from all backgrounds to help raise a new crop of 
                              producers across the country," said Vilsack. "As 
                              we expand options in agriculture, we're seeing a 
                              new vibrancy across the countryside as younger 
                              people-many of whom are now involved in local and 
                              regional production-pursue livelihoods in farming, 
                              raising food for local consumption. By leveraging 
                              USDA's lending programs for beginning farmers and 
                              ranchers and smaller producers, we're helping to 
                              rebuild and revitalize our rural 
                              communities."
 
 Click here for more on the USDA's 
                              credit access expansion efforts.
   |  
                          
                          
                            |  Monsanto 
                              Chief Technology Guru Defines New Growth 
                              Opportunities in Company's R&D Pipeline  Monsanto's 
                              pipeline offers rich growth layers beyond breeding 
                              and biotechnology that add incremental growth 
                              opportunities going forward, Chief Technology 
                              Officer Robb Fraley, Ph.D., told investors today 
                              at the Goldman Sachs Basic Materials Conference 
                              2012. Fraley discussed new technologies with the 
                              potential to create real commercial value in 
                              Monsanto's pipeline, including the expansion of 
                              the Integrated Farming Systems portfolio and the 
                              announcement of a new agricultural biologicals 
                              platform featuring BioDirectTM technology, which 
                              represents Monsanto's first step into biological 
                              products. He also touched on emerging global 
                              opportunities, highlighting the company's capital 
                              investment in Central and Eastern Europe as well 
                              as the continued ascension of agriculture in 
                              Brazil and Argentina, all of which are expected to 
                              drive Monsanto's growth over the next several 
                              years.
 "Our pipeline has evolved 
                              significantly from where it was just a few years 
                              ago and today it is more exciting and robust than 
                              ever," Fraley said. "Not since we developed the 
                              first Roundup Ready® trait have we seen such 
                              promising categories of value emerging from our 
                              pipeline. We're exploring new areas of technology 
                              and new areas of the world, and all roads lead to 
                              opportunity for both Monsanto and our farmer 
                              customers as we work together to improve 
                              yields."
 
 Fraley introduced the latest 
                              addition to the company's R&D pipeline, early 
                              development of ag biological products through 
                              Monsanto's new BioDirect technology. BioDirect 
                              brings Monsanto's expertise in plant genomics to 
                              chemistry for the first time, enabling products 
                              that could provide new options for sustainable 
                              pest or virus control.
 
 Please click here to read more about 
                              this story.
    |  
                          
                          
                            |  Premium 
                              Beef Branding Programs Keep Demand High Despite 
                              Economy  The 
                              price differential between choice and select 
                              grades of beef has often been used as an indicator 
                              of quality beef demand. Oklahoma State University 
                              ag economist Derrell Peel says we 
                              have used that spread to broadly indicate demand 
                              for quality in a product that is almost infinitely 
                              variable.
 He says that broad categorical 
                              indicator is not as useful as it once was and with 
                              the rise of premium branding programs like the 
                              Certified Angus Beef label, those market signals 
                              are being further altered.
 
 "What we've 
                              seen, over time, is evolution toward more branded 
                              products and various other ways to differentiate 
                              that market. And, in the long run, I think those 
                              become more important relative to the 
                              choice-select spread. So it's arguably true that 
                              the choice-select spread is less indicative or 
                              less representative of that. I think that many of 
                              these product markets are working at a narrower, 
                              more defined set of specs than just the 
                              choice-select difference. That we see in the 
                              market."
   Click here for the full video story 
                              with OSU's Derrell Peel.   |  
                          
                          
                            |  Casebearer 
                              Threat Looms for Regional Pecan Producers  Agricultural 
                              experts at The Samuel Roberts Noble Foundation are 
                              encouraging regional pecan growers to check their 
                              groves for the first major pest of the season. 
                              
 The pecan nut casebearer, an egg-laying 
                              moth, can wipe out an entire crop if left 
                              untreated. "The first generation of casebearers 
                              usually appears when pecans are young," said 
                              Charles Rohla, Ph.D., assistant 
                              professor at the Noble Foundation. "This means 
                              they can destroy full crops before most producers 
                              realize there is even a crop on the tree."
 
 Damage from the moth usually occurs 12 to 
                              16 days after first capture, which occurred during 
                              mid-May in Oklahoma. Pecan researchers across the 
                              United States, including Rohla at the Noble 
                              Foundation, have carefully monitored the 
                              casebearers' progression, setting traps to 
                              pinpoint its locations.
     |  
                          
                          
                            |  More 
                              Harvest Info (from Kansas), Harvest Weather and 
                              a  Mike Thralls Update  While 
                              we are cutting out the 2012 Oklahoma wheat crop as 
                              quickly as we possibly can- the Kansas folks are 
                              also early- and you can mark down the date of May 
                              23 for the first Kansas wheat harvest report of 
                              the season from north of the border.   "One of the earliest Kansas 
                              wheat harvests in history officially began May 22 
                              near the town of Kiowa in Barber County, where the 
                              OK Coop took in 35 truckloads of wheat. Each year, 
                              Kiowa, is the starting point for the annual wheat 
                              harvest.   "Brett 
                              Courson, assistant manager at the OK Coop 
                              there, says harvest gained momentum Wednesday, 
                              with 90-plus degree temperatures and strong south 
                              winds. Harvest activity in the area was 
                              widespread, with early yields ranging from 40 to 
                              57 bushels per acre and test weight ranging from 
                              56 to 62 pounds per bushel with a 61 pound 
                              average. Courson says a few weeks ago, farmers 
                              expected much larger yields, but heat, wind and a 
                              lack of late-season rain has taken the top off the 
                              yield."  Click here for the complete Day One 
                              Harvest Update from the Kansas Association of 
                              Wheat Growers and the Kansas Wheat Commission.   Back 
                              here in Oklahoma- the weather looks hot, 
                              sunny and windy for a few more days 
                              before the chances of rain creep back into the 
                              forecast.  It appears the better chances of 
                              rain are north of I-40 and show up on Memorial 
                              Day- next Monday.    Word 
                              came yesterday via Mark Harrison of the Oklahoma 
                              Conservation Commission that our friend 
                              Mike Thralls continues on his 
                              road to recovery- and that road included a trip 
                              home yesterday afternoon- great news as Mike 
                              recovers from major surgery of about a week ago. 
                               Our prayers and best wishes go to Mike, the 
                              Director of the Oklahoma Conservation Commission, 
                              as he works this harvest season to recover from 
                              this latest personal battle.       |  |  
                      | 
                          
                          
                            |     God Bless! 
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                               phone: 405-473-6144   |  |  |