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                        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 $11.66 per bushel at the Northern 
                        Ag elevator in Yukon. Other locations are 
                        included in the Oklahoma Cash Grain report- click on the 
                        link just above.    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 
                              , June 5, 
                              2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:  2012 
                              Farm Bill Set to Move Forward on Senate Floor, 
                              Stabenow Says  Senator 
                              Debbie Stabenow, chairwoman of 
                              the Senate Agriculture Committee, told reporters 
                              that the Senate's version of the 2012 farm bill is 
                              inching closing to debate on the Senate floor. She 
                              told reporters in a conference call that Senate 
                              President Harry Reed has agreed to move the bill 
                              forward this week. We have audio highlights of 
                              that media teleconference- which you can jump over 
                              to by clicking  on the link 
                              below.   
 Stabenow said she is 
                              pleased with the bill in its current form and that 
                              it does contain major reforms.
 
 "In our 
                              judgment this represents the most significant 
                              reform in agricultural policy in decades. It 
                              reduces the deficit by $23 billion as my good 
                              friend the chairman of the budget committee would 
                              say that's real cuts, not smoke and mirrors. It's 
                              real cuts. It's real reform. Bottom line in the 
                              reforms is that the era of direct payments is 
                              over. We're not going to be paying for crops they 
                              don't grow and we're not going to be paying 
                              farmers when they are already doing very 
                              well."
 
 Stabenow said the bill will not just 
                              impact farmers and ranchers, but that some of its 
                              major provisions will go much further.
 
 "In 
                              it we also are protecting families from sudden 
                              spikes in food prices. When we look at the fact 
                              that we have the safest food supply, the most 
                              dependable and affordable food supply in the 
                              world, this is a very important part of the 
                              construct when we are looking at reform in food 
                              and farm policy."
   You can read more about the farm 
                              bill's progress in the Senate as well has hear 
                              more from Senator Stabenow by clicking 
                              here.      |  
                          
                          
                            | 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. As harvest continues to roll, Johnston 
                              reminds you that all of their 22 country elevators 
                              including our Billings location are currently 
                              taking grain! Click here for their website, 
                              where you can find the location nearest you and 
                              learn more about their seed and grain 
                              businesses. W.B. Johnston Grain wishes 
                              everyone a safe and successful 
                              harvest!     Midwest Farm 
                              Shows is our longest running sponsor 
                              of the daily farm and ranch email- and they are 
                              busy getting ready forwant to thank everyone 
                              for supporting and attending 
                              the Southern Plains Farm Show 
                              this spring.  The attention now 
                              turns to this coming December's Tulsa Farm 
                              Show- the dates for 2012 are December 6 
                              through the 8th.  Click here for the Tulsa Farm Show 
                              website for more details about this tremendous 
                              all indoor farm show at Expo Square in Tulsa.
   |  
                          
                          
                            |  Canola 
                              Harvest Complete, Wheat Condition Still Good 
                              Despite Late 
                              Rains  The 
                              month of May topped the charts as the fifth 
                              warmest and fourth driest on record according to 
                              Oklahoma Mesonet data. Rains last week brought an 
                              average of one inch of moisture across the 
                              state.   Wheat 
                              harvest made significant progress despite wet 
                              fields. Hail and wind damaged some of the 
                              remaining crop, but 73 percent was 
                              reported harvested by Sunday. The 
                              canola harvest is virtually complete- at 
                              97% now harvested.    Fifty-two 
                              percent of the Oklahoma wheat crop is listed in 
                              good condition, 21 percent is fair, 20 percent is 
                              in excellent shape and only seven percent is 
                              listed as poor or very poor.   Click here for the complete Oklahoma 
                              Crop Weather Update issued on Monday afternoon 
                              by Will Hundl and the folks at NASS. 
                                  Kansas 
                              is reporting harvest activity all across the state 
                              with 36 percent of their crop in fair condition, 
                              32 percent good, 24 percent poor or very poor and 
                              eight percent in excellent shape.   Texas 
                              also received rains last week, but 42 percent of 
                              their remaining wheat crop was listed in poor or 
                              very poor condition, 32 percent was fair, 19 
                              percent was reported in good condition and only 
                              seven percent was rated as excellent.   It's 
                              interesting to note that the Kansas and Texas 
                              numbers are not as advanced as the harvest 
                              estimates provided by Plains Grains last Thursday- 
                              Plains Grains estimated 41% complete in Texas- and 
                              Kansas as being 25% done last Thursday.  
                                  Click here for the National Crop 
                              Progress report- where you can see the rest of 
                              the harvest figures to date- as well as spring 
                              crop plantings and development along with pasture 
                              and range conditions.   
    |  
                          
                          
                            |  Wheatwatch 
                              2012: Spotty Rains Slow Harvest, But Combines Out 
                              and Running  Spotty 
                              rains around the state have slowed some combines 
                              over the weekend, but most areas are out and 
                              running this afternoon, reports Debbie 
                              Wedel of the Oklahoma Wheat Commission. 
                                 Southwest 
                              Oklahoma has a few producers that cut their own 
                              wheat still in the field, but most in this area 
                              should be thru by mid week. 
 Pond Creek, 
                              Farmers Grain Company, is reporting over 6M 
                              bushels taken in at their 14 locations. They 
                              predict to be 65% complete today and will be close 
                              to 100% complete by this weekend. Test weights are 
                              ranging from 58 - 64 and yield are in the mid 
                              40's.
 
 Alva estimates to be 80% complete 
                              and are reporting a great crop with very few test 
                              weights below 60 and yields averaging 40 - 45 
                              bushels per acre.
 
 Wheat harvest is just getting 
                              underway in the Panhandle.  Click here to 
                              read more.
   |  
                          
                          
                            |  OGFA 
                              President Urges Rejection of Changes to Shrunken 
                              and Broken Standards  The 
                              president of the Oklahoma Grain and Feed 
                              Association has filed comments urging rejection of 
                              new GIPSA standards for shrunken and broken 
                              grains. Joe Hampton asked 
                              Oklahoma's Secretary of Agriculture, Jim Reese, 
                              and other farm organizations to join him in 
                              opposing the implementation of the new 
                              rules.
 Hampton has completed a study of 
                              grain shipments from Oklahoma over the past three 
                              years which shows a majority of the state's wheat 
                              crop could potentially be downgraded from U.S. No. 
                              1 to U.S. No. 2 grade. Hampton said there is no 
                              good reason for changing the designation and doing 
                              so would unduly harm Oklahoma and Texas 
                              farmers.
 
 In a letter to the Grain 
                              Inspection, Packes and Stockyards administration, 
                              Hampton said, "It appears to us that this proposed 
                              change will have an adverse effect on Oklahoma 
                              wheat producers and shippers. The "one comment 
                              from a wheat market development organization" 
                              contained in the Federal Register recommending 
                              this change apparently does not represent or does 
                              not care about the interests of Oklahoma and North 
                              Texas wheat producers and grain 
                              elevators."
   Click here to read the full text of 
                              the letter from Joe Hampton.    |  
                          
                          
                            |  Culinary 
                              Institute Beef Event Focuses on Value Cuts for 
                              Satisfied Customers  At 
                              a recent beef immersion and educational event at 
                              the Culinary Institute of America at Greystone in 
                              St. Helena, Calif., foodservice operators learned 
                              about the power and versatility of beef. One such 
                              attendee was Mark Rieth. He is 
                              the corporate Chef at Sysco Corporation and their 
                              senior manager of culinary development. In this 
                              edition of the Beef Buzz, Rieth says he'll take 
                              this information to the more than 70 chefs 
                              throughout the Sysco Corporate world and outposts 
                              around the country. 
 "What I like about 
                              working with beef is the different ways we can 
                              serve it and present it to our customer. Beef is 
                              probably the number one protein that Americans 
                              like to eat most, so therefore if we come up with 
                              different ways of presenting it to them, different 
                              styles, different textures, people want that umami 
                              effect now in their flavors, so beef handles that. 
                              Beef can handle many different flavors from 
                              different cuts of meat and it also takes on many 
                              different flavors by adding different seasonings, 
                              dry rubs, or marinades."
 
 Rieth says 
                              opportunities like the Greystone event funded with 
                              beef checkoff dollars don't come around very often 
                              for people in his profession, so learning how to 
                              affect taste and dining experience for his 
                              customers was invaluable.
 
 You can hear more of the Beef Buzz 
                              and what Mark Rieth learned by clicking 
                              here.
   |  
                          
                          
                            |  Derrell 
                              Peel Sorts Out Conflicted Beef Production Data  Cattle 
                              producers and market analysts alike are trying to 
                              sort out seemingly conflicted data on beef 
                              production to understand what to expect in the 
                              coming weeks. Oklahoma State University Extension 
                              Livestock Marketing Specialst Derrell 
                              Peel sorts through the numbers in these 
                              week's Cow-Calf Newsletter:
 Year to date 
                              cattle slaughter is down 4.8 percent but feedlot 
                              marketings this year are down only slightly. 
                              Carcass weights are well above year ago levels 
                              despite near record feed costs that should 
                              minimize the incentives to hold cattle. Moreover, 
                              high proportions of current feedlot marketings are 
                              feeders placed at light weights which should also 
                              imply lighter finishing weights.
 
 There are 
                              several factors affecting these apparent 
                              inconsistencies. The first thing to keep in mind 
                              is that we usually compare things to last year and 
                              things have been anything but normal for many 
                              months. For the coming months especially, the year 
                              ago values that we will be comparing to were 
                              greatly impacted by the drought so that the 
                              comparisons will be harder to interpret. Moreover, 
                              there are a variety of short term, medium term and 
                              long term factors that are influencing slaughter 
                              rand carcass weight data in a variety of 
                              ways.
 
 Click here to read more of Derrell's 
                              analysis.
   |  
                          
                          
                            |  This 
                              N That- Mike Thralls Update and Oklahoma CRP 
                              Signup Data    We 
                              got an email yesterday afternoon from our friend 
                              Mark Harrison of the Oklahoma 
                              Conservation Commission- with excellent news from 
                              Mike Thralls- the Director of the 
                              agency- Mark writes " We 
                              are very pleased to report that Mike Thralls made 
                              an appearance at the June 2012 Commission meeting 
                              this morning accompanied by his daughter Angie. He 
                              did not participate in his usual capacity but let 
                              Ben Pollard, OCC assistant director, present OCC's 
                              administration report. Mike did make a statement, 
                              addressing participants. He said he is feeling 
                              good, though he still tires easily, and that the 
                              medical reports he is receiving are good. If all 
                              continues to go well, he anticipates returning to 
                              work, at least part time, in about three weeks and 
                              hopes to return full time in about six weeks. Again, 
                              he extends many thanks for all the prayers and 
                              kind wishes!"    ******   We 
                              reported to you a few days back about the national 
                              CRP numbers for this coming fiscal year- which 
                              with the new contracts that have been accepted 
                              around the country- means a new drop in total CRP 
                              acreage in the US down to around 27 million acres 
                              in the coming fiscal year. At that point- there 
                              was no state by state data available- but 
                              Shelly Bilderback of the State 
                              FSA office in Stillwater was kind enough to supply 
                              us with the Oklahoma numbers- and they reflect a 
                              shrinking CRP presence in Oklahoma as well- Shelly 
                              writes "We had 1,351 offers for 172,555 acres 
                              accepted.
 
 "We had 175,954 acres offered - 
                              So, we had 98% of our acres accepted.  There 
                              were 44 offers rejected for 3,399 acres.  
                              There were 149,000 acres offered that were 
                              expiring CRP.
 
 "Overall we have 
                              191,248 acres expiring this year and now have a 
                              potential for 172,555 to be enrolled effective 
                              October 1 (there will be a couple drop out) - so 
                              that leaves us with 18,693 acres less for the 
                              coming year resulting.
 
 "We currently 
                              have 817,343 acres and if we subtract 18,693 that 
                              leaves us with 798,650 for FY2013.  That is 
                              the lowest number of acres we have had in CRP 
                              since 1987, the second year of the program, which 
                              had 557,343 acres."
 
 
 
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