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                        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 $11.90 per bushel at the Northern 
                        Ag elevator in Yukon-  2012 
                        New Crop contracts for Canola are now available at 
                        $11.90 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 
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                            | Oklahoma's 
                              Latest Farm and Ranch News  
                                Your 
                              Update from Ron Hays of RON    Friday, 
                              June 1, 
                              2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:  House 
                              Ag Committee Chairman Frank Lucas Cheering On 
                              Senator Stabenow as She Pushes for Farm Bill 
                              Passage in Senate  With 
                              Senate debate to begin as early as next week on 
                              the Senate Ag Committee's 2012 Farm Bill proposal, 
                              the Chairman of the House Ag Committee, Oklahoma 
                              Congressman Frank Lucas, says 
                              that he is hopeful that Chairlady Debbie 
                              Stabenow will be able to shepherd some 
                              version of her Committee's proposal through the 
                              full Senate, setting up a path for a possible 
                              conference between the House and Senate Ag 
                              Leadership later in the summer to finalize a new 
                              five year farm bill- what he calls "the real farm 
                              bill- the ultimate farm bill." 
 Congressman 
                              Lucas, in talking with us on Thursday from 
                              his office in Washington, says that he has as his 
                              next goal to get a proposal through the House Ag 
                              Committee before the Fourth of July recess. If 
                              that happens and the Senate passes their version 
                              of farm policy, Lucas believes that gives him an 
                              argument for floor time with the Speaker of the 
                              House, John Boehner of Ohio.
 
 Lucas 
                              addressed the rocks being thrown at policy ideas 
                              that are being considered for the 2012 Farm Bill 
                              by a variety of groups that don't want money to be 
                              spent on agricultural subsidies. One group that 
                              was decrying the federal government investment 
                              into Crop Insurance earlier on Thursday, is the 
                              Environmental Working Group. The EWG believes that 
                              the subsidies paid on behalf of producers by the 
                              federal government to give them incentive to buy 
                              crop insurance should be identified on an 
                              individual basis- a public record established that 
                              shows how much every farmer receives. EWG contends 
                              too many dollars have been allowed to go to Crop 
                              Insurance subsidies with no oversight or 
                              transparency, no program payment caps and no means 
                              testing. Lucas says that it's important to 
                              establish the biggest possible pool of production 
                              to spread the risk out over more acres. Lucas adds 
                              that producers who may be receiving larger crop 
                              insurance premium subsidies are farmers who are 
                              stepping up and paying more themselves as they 
                              insure more acres of production, as they provide 
                              food and fiber for America and the world.
   You can listen to our conversation by 
                              clicking here as well as reading more from our 
                              visit with Frank Lucas.    |  
                          
                          
                            | Sponsor 
                              Spotlight      It is great to have as a 
                              regular sponsor on our daily email 
                              Johnston Enterprises- proud to be 
                              serving agriculture across Oklahoma and around the 
                              world since 1893. Service was the foundation upon 
                              which W. B. Johnston established the company. And 
                              through five generations of the Johnston family, 
                              that enduring service has maintained the growth 
                              and stability of Oklahoma's largest and oldest 
                              independent grain and seed dealer. Click here for their website, 
                              where you can learn more about their seed and 
                              grain businesses. 
                                    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! 
                                    |  
                          
                          
                            |  Environmental 
                              Working Group Says Crop Insurance Transparency 
                              Should Shape Farm 
                              Bill  In 
                              a conference call with the media, executives of 
                              the Environmental Working Group announced the 
                              release of data regarding crop insurance obtained 
                              from the federal government through a Freedom of 
                              Information Act request. 
 EWG called it the 
                              most detailed disclosure of federal crop insurance 
                              benefits to date, tracking subsidies across 
                              686,273 insurance policies issued to 486,867 
                              policyholders last year, when the program's costs 
                              exceeded a record $11 billion.
 
 "This is the 
                              kind of analysis and information that should have 
                              formed the foundation of the debate on a proposal 
                              to dramatically expand and increase the funding 
                              for federal crop insurance," said Ken 
                              Cook, president of EWG.
 
 Cook said 
                              his group was very concerned about how funding 
                              will be allocated in the new farm 
                              bill.
 
 "We're very concerned about cuts to 
                              the SNAP program. We're very concerned about cuts 
                              to the conservation program. We feel that healthy 
                              food, healthy eating, could be dramatically 
                              improved by some investment of very promising 
                              programs already in the farm bill."
   Click here to read more or hear 
                              extended remarks by EWG officials on their take on 
                              crop insurance and the 2012 Farm 
                              Bill.    |  
                          
                          
                            |  Plains 
                              Grains Calls Oklahoma Wheat Harvest 65% Done, 
                              Texas 41% Done and Kansas 25% Complete    Mark 
                              Hodges with Plains Grains says that the 
                              2012 Hard Red Winter wheat harvest continues to 
                              expand northward- and reports that Oklahoma stands 
                              right at the two thirds complete- 65% of harvest 
                              now in the grain bin. Texas and Kansas also have 
                              progressed well with harvest- Texas now at 41% 
                              complete and Kansas 25% complete before June has 
                              even arrived.   According 
                              to Hodges in the Plains Grains Thursday evening 
                              update- "The 2012 HRW wheat harvest is expanding 
                              rapidly northward with cutting now within 2 
                              counties of the Nebraska state line in Kansas. All 
                              areas currently harvesting are a minimum of 2 
                              weeks ahead of normal harvest dates. Harvest is 
                              winding down in north Texas northward to I-40 in 
                              central Oklahoma. However, combines are just 
                              beginning to cut dryland wheat in the High Plains 
                              (Amarillo northward), while irrigated wheat in 
                              that area is still green."   The 
                              Plains Grains report goes into detail on the 
                              latest quality test results- click here to jump to our story 
                              for more on their latest wheat harvest update. 
                                  Meanwhile- 
                              we do have an update from the Kansas Wheat groups- 
                              click here for the Day Six report 
                              which focuses on what is going on in several 
                              western Kansas locations- there is no update from 
                              the Oklahoma Wheat Commission from Thursday.     
                                  |  
                          
                          
                            |  Selecting 
                              Against Poor Reproduction 'Painfully Slow, But 
                              Necessary'  Culling 
                              decisions aren't always easy to make, especially 
                              when it comes to open heifers. Glenn 
                              Selk, Oklahoma State University extension 
                              animal scientist emeritus, writes in the latest 
                              edition of the Cow/Calf Newsletter it's a decision 
                              that needs to be made and will, over time, make a 
                              difference.
 "Heritability" is that portion 
                              of the difference in the performance of cattle 
                              that is due to genetics. The remainder of the 
                              differences is presumed to be due to differences 
                              in the environment (i.e. management, pastures, 
                              weather, etc).
 
 Previous estimates of the 
                              heritability of pregnancy rates in heifers ranged 
                              from 0 to 0.28. Iowa State University scientists 
                              studied records of 3144 heifers from six herds in 
                              five states. In the Iowa State study, the 
                              heritability of pregnancy rate was 0.13. Pregnancy 
                              rate is the percentage of the heifers exposed to 
                              artificial or natural breeding that were diagnosed 
                              pregnant after their first entire breeding season. 
                              First service conception rate is the likelihood 
                              that the heifer became pregnant on the first 
                              artificial insemination attempt to breed her. The 
                              heritability of first service conception rate was 
                              even lower at 0.03. This implies that 97% of the 
                              differences in the first service conception rate 
                              are due to the management environment in which the 
                              heifers were raised. (Source: Minick and 
                              co-workers. 2004 Iowa State University Beef 
                              Research Report.)
 
 These low heritability 
                              estimates suggest that painfully slow progress 
                              could be made by selecting sires that produced 
                              heifers with greater pregnancy rates. This data 
                              also reminds us that in any one year, management 
                              is still the key to successful pregnancy rates in 
                              replacement heifers. Remember, 87% of the 
                              differences in pregnancy rates were due to the 
                              "environment."
   Read more from Glenn Selk by clicking 
                              here.   |  
                          
                          
                            |   On 
                              Thursday, McDonalds USA released a statement to 
                              the media- signaling their intention to "to source 
                              all pork for its U.S. business from producers that 
                              do not house pregnant sows in gestation stalls by 
                              the end of 2022."      Dan 
                              Gorsky, senior vice president of McDonald's North 
                              America Supply Chain Management says that  
                              "Our approach seeks to build on the work already 
                              in place, and we are also sensitive to the needs 
                              of the smaller, independent pork producers in 
                              phasing out of gestation stalls."   Everett 
                              Forkner is the current President of the National 
                              Pork Board and owns about 500 sows in the state of 
                              Missouri.  He says that he is disappointed in 
                              the announcement earlier in the day by McDonald's 
                              Corp. that sets a 10-year timeline for sourcing 
                              all of its pork from farms that do not use 
                              individual stalls to house pregnant pigs.   "I've 
                              been in this business a long time," Forkner said. 
                              "I know on my own farm I moved from open pens to 
                              stalls many years ago because too many sows were 
                              being injured or denied feed. When sows are thrown 
                              together they can become very aggressive. Dominant 
                              sows physically attack the others, bite them and 
                              steal their food. The housing used by most farmers 
                              was designed to protect sows from this bullying 
                              while they are most vulnerable, during their 
                              pregnancies. 
 "We fully support continuing 
                              to explore new and better ways to protect pregnant 
                              sows," Forkner said. "Farmers are adopting 
                              improvements all the time as they study their 
                              farms and their animals."
   Click here for more from both 
                              McDonalds as well as from the National Pork Board. 
                                    |  
                          
                          
                            |  Wheat 
                              Prices Feel Pressure and Start Falling- Kim 
                              Anderson Explains All on 
                              SUNUP  Wheat 
                              harvest is, once again, the centerpiece of this 
                              week's SUNUP program with a visit to the Wedel 
                              family farm near Cordell. With a few delays for 
                              rain, harvest is progressing rapidly, and OSU 
                              small grains specialist Dr. Kim 
                              Anderson explains why prices have 
                              dropped.
 "We had that rally of over a 
                              dollar for a couple of weeks and what we had was 
                              the index funds, they were record short on the 
                              wheat contracts. Over that week, a little over a 
                              week and a half time period they bought over 
                              57,000 contracts, almost 300 million bushels of 
                              wheat. So we got a big rally strictly based on 
                              short coverage, not based on changes in supply and 
                              demand.
 
 "Then we've got things going on 
                              like the harvest pressures.   As 
                              our wheat moves north our yields are coming in 
                              slightly less than what was anticipated at the 
                              crop tours, but relatively good yields, good 
                              quality wheat.
 "We've 
                              got the problems in the European Union and the 
                              Euro and because of those problems the value of 
                              the dollar is going up. That's making our wheat 
                              more expensive. You've got corn prices falling 
                              about 90 cents. All of those things are weighing 
                              heavy with pressure on the wheat for lower 
                              prices."
   You can hear more of Kim Anderson's 
                              analysis and see the full SUNUP lineup by clicking 
                              here.    |  
                          
                          
                            |  This 
                              N That- Kris Black Cream of the Crop Sale 
                              Saturday, Cocina De Mino Sale Starts Today and a 
                              Tip of the Hat to Fellow OALP Class One Alum Jim 
                              Shelton    Tomorrow, 
                              Saturday, June 2nd,  it will be the 
                              Kris Black Cream of the Crop Sale- The 
                              sale will be held at the ranch, just north of 
                              Cheyenne, Oklahoma on Highway 33. 
                              
 Featuring 500 head of fall calving heifers 
                              and young cows, plus a stout set of service age 
                              bulls. Click here for more details of this 
                              outstanding offering that may be the right 
                              kind of genetics for your beef cow- calf 
                              operation.
   *****  Later 
                              this morning- at 8:30 AM central time- you can 
                              grab $50 worth of grub for just $25 from one of my 
                              very favorite Mexican restaurants in the OKC 
                              metro- Cocina De Mino.  Click here for details about this 
                              Legendary Deal that goes on sale on this first 
                              of June.   ***** We 
                              say congrats to fellow Class One Alum of the 
                              Oklahoma Ag Leadership Program  Jim 
                              Shelton of Vinita- selected to serve on 
                              the American Farmers and Ranchers Board of 
                              Directors. Click here for more details on 
                              his selection- Terry Detrick of 
                              AFR speaks highly of Jim and his wife 
                              Sara- "They have a successful ranching 
                              operation that specializes in premium quality 
                              grass-fed beef production for that niche market. 
                              Jim has a lot of background experience valuable to 
                              AFR/OFU and I look forward to serving our 
                              membership along-side him."          |  |  
                      | 
                          
                          
                            |     God Bless! 
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                               phone: 405-473-6144   |  |  |