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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 $12.31 per bushel at the Northern 
                        Ag elevator in Yukon-  2012 
                        New Crop contracts for Canola are now available at 
                        $12.31 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 29, 
                          2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
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                      | 
                          
                          
                            |  Featured 
                              Story:Wheat 
                              Harvest Rolls- Canola Harvest Close to Wrapping 
                              Up     After 
                              a Memorial Day holiday weekend that offered wide 
                              open harvest conditions in most of the Oklahoma 
                              wheat belt- it will be interesting to see what 
                              percent of the wheat crop has been harvested- 
                              according to the USDA's NASS office in Oklahoma 
                              City.  Mark Hodges with 
                              Plains Grains pegged it at 28% done last Thursday- 
                              and it is very possible that we have pushed that 
                              close to the 50% mark or slightly better on a 
                              statewide basis.     We 
                              were in Noble and Kay Counties on Monday- and saw 
                              a lot of  wheat fields that were dead ripe- 
                              just ready for the combines to show up.  We 
                              saw some farmer cutting going on- did not see any 
                              custom cutters in that area working at all- but 
                              still there were a number of fields along US 177 
                              north of Stillwater up towards Ponca City that 
                              were cut out.     We 
                              have loaded a few pictures of what we saw in wheat 
                              fields that direction on Monday- one picture in 
                              particular we wanted to point you to- click here to see a N-Rich Strip 
                              that allowed a wheat field to perform to its FULL 
                              potential- it was planted on the farm of 
                              Bonnie and Bill Jueschke near 
                              Marland- and Crop Consultant Bryan 
                              Vincent told us the lodged wheat in the 
                              front of the shot is where the amount of nitrogen 
                              applied exceeded the plant's ability to handle the 
                              weight of the wheat heads.  This field is 
                              ready for harvest- and unless Mother Nature gets 
                              destructive- will produce a lot of wheat. Click here for our full 2012 Wheat 
                              Harvest set of pictures to this point- 
                              including a few others of this field in Noble 
                              County.     Meanwhile- 
                              we got to check out the canola harvest on the 
                              Jueschke farm on Monday- they were straight 
                              cutting one of their canola fields- and it was 
                              yielding over 40 bushels per acre. Bryan Vincent 
                              visited with us about Bonnie's decision to try 
                              canola- this was her first year to grow it- and 
                              this 80 year young lady was not afraid of change- 
                              she was more worried about rye grass taking over 
                              her farm. We have our latest episode of Canola TV 
                              up on our website and on YouTube- click here to check it out this 
                              Canola TV report.      We 
                              also took some photos on Monday- click here for our full 2012 Canola 
                              Photo Set and scroll down to the end of the 
                              set for shots of this canola ready to be 
                              harvested- and being harvested on Memorial Day. 
                                   AND- 
                              our Tuesday morning farm and ranch news on the 
                              Radio Oklahoma Network features comments with 
                              Bryan Vincent that actually come from a second 
                              Canola TV segment that will be seen later this 
                              week- Bryan talking about several of his clients 
                              that have grown canola this year and how it has 
                              worked for them. Click here to listen to that 
                              audio.    |  
                          
                          
                            | Sponsor 
                              Spotlight     We 
                              are 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.      We 
                              are proud to have KIS 
                              Futures as 
                              a regular sponsor of our daily email update. KIS 
                              Futures provides Oklahoma Farmers & Ranchers 
                              with futures & options hedging services in the 
                              livestock and grain markets- Click here for the free market quote 
                              page they 
                              provide us for our website or call them at 
                              1-800-256-2555- and their iPhone App, which 
                              provides all electronic futures quotes is 
                              available at the App Store- click here for the KIS 
                              Futures App for your iPhone.      |  
                          
                          
                            |  USDA 
                              Announces Results for Conservation Reserve Program 
                              General Sign-Up  Agriculture 
                              Secretary Tom Vilsack announced 
                              that the U.S. Department of Agriculture will 
                              accept 3.9 million acres offered under the 43rd 
                              Conservation Reserve Program (CRP) general 
                              sign-up. During the extended five-week signup, the 
                              Department received nearly 48,000 offers on more 
                              than 4.5 million acres of land. The USDA has now 
                              enrolled nearly 12 million acres in the CRP since 
                              2009. Currently, there are more than 29.6 million 
                              acres enrolled on more than 736,000 
                              contracts.
 Enrollment of the new 3.9 
                              million acres will allow USDA to continue 
                              important targeting of CRP acres through 
                              continuous sign-up initiatives-including those 
                              announced earlier this year for highly-erodible 
                              land, as well as grasslands and wetlands-while 
                              also maintaining and enhancing the significant 
                              benefits that the program has already achieved. 
                              The two continuous sign-ups announced earlier this 
                              year will target an additional 1.75 million acres 
                              in total.
   Click here for more on the results of 
                              the latest CRP sign-up.   |  
                          
                          
                            |  CBOT, 
                              KCBT Expand Trading Hours on USDA Report 
                              Days  The 
                              country's two major commodities exchanges will 
                              expand their floor trading hours on USDA report 
                              release dates. 
 Open out-cry trading on 
                              both the Chicago Board of Trade and the Kansas 
                              City Board of Trade will be changed to 7:20 a.m. 
                              CST, from 9:30 a.m. CST, on mornings of specified 
                              reports beginning June 12, 2012. Open out-cry 
                              trading will continue to close daily at 1:15 p.m. 
                              CT. Daily settlements are based on the 1:15 p.m. 
                              close.
 
 The major USDA reports that will 
                              initiate early opening on the CBOT include:  
                              WASDE, Crop Production, Prospective Plantings, and 
                              Acreage.
   Expanded 
                              trading hours on the KCBT will also be observed 
                              when the Grain Stocks Report is released on a 
                              quarterly basis.   You can find more information and the 
                              specifically affected trading dates by clicking 
                              here.   |  
                          
                          
                            |  Stabenow 
                              Introduces Agriculture Reform, Food and Jobs Act 
                              of 2012  Senator 
                              Debbie Stabenow, Chairwoman of 
                              the U.S. Senate Committee on Agriculture, 
                              Nutrition and Forestry, announced the Agriculture 
                              Reform, Food and Jobs Act of 2012 (S.3240) has 
                              been officially introduced in the U.S. Senate. 
                              
 The bill, authored by Chairwoman Stabenow 
                              and Ranking Member Sen. Pat Roberts, is a 
                              bipartisan bill that reforms U.S. food and farm 
                              policy to save taxpayers $23 billion while 
                              strengthening and streamlining programs to 
                              continue allowing the agricultural economy to 
                              grow. The bill was adopted by the Committee last 
                              month on a vote of 16-5, with broad bipartisan 
                              support.
 
 Click here to read more.
   |  
                          
                          
                            |  US 
                              Beef Exports Finding 2012 to be Tough in Several 
                              Key Markets  The 
                              U.S. Meat Export Federation held its annual 
                              meeting recently in New Orleans. The federation 
                              uses Beef Checkoff dollars and funding from the 
                              USDA to promote beef exports overseas. 
                              
 Several of the USMEF regional directors 
                              spoke about the prospects for progress in the 
                              export trade in their areas.
 
 Joel 
                              Haggard, senior vice-president for the 
                              Asia-Pacific Region says there's some optimism 
                              about Japan, but there's a significant challenge 
                              in Korea.
 
 "On the beef side in Korea, it's 
                              an interesting story although the BSE episode 
                              created relatively little consumption impact in 
                              most of the Asian countries I would say in Korea 
                              it's been quite significant. U.S. beef sales in 
                              Korea have been quite weak."
   Click here hear more on the latest 
                              edition of the Beef Buzz.   |  
                          
                          
                            |  Vilsack 
                              Names 2 Oklahomans, 9 Others to Council for Native 
                              American Farming and Ranching  Two 
                              Oklahomans are among eleven members of a new 
                              Council for Native American Farming and Ranching 
                              recently named by Agriculture Secretary 
                              Tom Vilsack. The committee was 
                              created to advise the secretary on ways to 
                              eliminate barriers to participation for Native 
                              American farmers and ranchers. The Council is 
                              being appointed as part of the Keepseagle 
                              settlement.     Henry 
                              Holder, a farmer/rancher from Soper, and 
                              Jerry McPeak, a farmer/rancher 
                              and state legislator from Warner were named to two 
                              year terms on the council.
 "The Council for 
                              Native American Farming and Ranching will help 
                              Native governments, businesses, farmers and 
                              ranchers and tribal governments partner with USDA 
                              to create jobs, drive economic growth and 
                              strengthen tribal communities," Vilsack 
                              said.
 
 Click here to read more about the 
                              Native American Farming and Ranching 
                              Council.
   |  
                          
                          
                            |  Cattlemen 
                              Must Be a Part of Defining 
                              Sustainability, Gebhardt 
                              Says  Richard 
                              Gebhart, Oklahoma cattleman and vice 
                              chairman of NCBA's Federation Division, tackles 
                              the issue of sustainability from his perspective 
                              in the current electronic newsletter of the 
                              Oklahoma Cattlemen's Association:
 What is 
                              sustainable beef? As the saying goes, ask 10 
                              different people and you will get 10 different 
                              answers but in my opinion, that's not necessarily 
                              a bad thing. In the absence of a definitive 
                              definition, the beef industry has an opportunity 
                              to shape what this important concept will mean for 
                              cattlemen.
 
 Beef 
                              sustainability isn't a new concept. According to a 
                              study from Washington State University, beef's 
                              carbon footprint decreased by 16 percent over the 
                              last decade. The study also found that today's 
                              beef is produced with 30 percent less land, 14 
                              percent less water and 20 percent less feed 
                              ingredients than it was in 1977. The study 
                              demonstrated that farmers and ranchers are 
                              committed to sustaining their industry as well as 
                              natural resources and wildlife conservation. New 
                              efforts being led by cattlemen will take this 
                              commitment to the next level.
 
 You can read more of Richard's take 
                              on the issue of sustainability by clicking 
                              here.
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                               phone: 405-473-6144   |  |  |