Howdy Neighbors!

Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. 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. When you call them- ask them about their brand new Iphone App which provides futures quotes for your Iphone.

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.

And we salute our longest running email sponsor- Midwest Farm Shows, producer of the springtime Southern Plains Farm Show, as well as the Tulsa Farm Show. Click here for more on the December 2010 Tulsa Farm Show, including information on how you can be an exhibitor.

If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here.

The Senate is expected to take up a long-pending bill to incentivize small business growth, including consideration of amendments that would remedy a massive tax reporting problem included in this year's health care reform bill. A large coalition of Ag Groups have asked for action on fixing this issue. Click here for details on this from last week. Some reports also indicate the Senate will take up a $30 billion tax-break extenders bill, which may or may not include an extension of ethanol production incentives.

Members may also consider the merits of a new stimulus proposal offered by President Barack Obama on Monday, which he hopes will inject $50 billion into near-term transportation projects around the country. While the proposal would focus monies on roads, railroad lines and waterways that are largely acknowledged to need attention, crafting a bill that can gain the necessary votes in a pre-election environment may be challenging.

This legislative work period is expected to be relatively short due to upcoming elections with many competitive races. The House of Representatives has set a target adjournment date of Oct. 8, while Senate leaders have yet to set an official target.

Production of corn for grain is now forecast at 43.2 million bushels, unchanged from last month but 29 percent above 2009. An average yield of 135.0 bushels is expected from 320,000 harvested acres.
Production of all cotton is now forecast at 450,000 bales, up 32 percent from the August 1 forecast and 41 percent above 2009. An average yield of 815 pounds is expected from 265,000 harvested acres.
Production of grain sorghum is now forecast at 11.7 million bushels, up 2 percent from last month but 5 percent below 2009. An average yield of 53 bushels is expected from 220,000 harvested acres.
Peanut production is now forecast at 64.0 million pounds, up 22 percent from a month ago and 49 percent above 2009. An average yield of 3,200 pounds is expected from 20,000 harvested acres.
Soybean production is now forecast at 10.12 million bushels, down 23 percent from August 1 and 16 percent below last year. An average yield 23 bushels is expected from 440,000 harvested acres.

Click on the link below for the Oklahoma summary of crop production numbers, based on the September first data that moved the Corn futures higher on Friday- and Soybeans lower.

Click here for the latest Oklahoma Crop Production Data from the September 2010 Report.

USMEF President and CEO Philip Seng says - in every corner of the world, U.S. beef has made tremendous strides this year. And as Mexico begins to show signs of an economic recovery, our product is well-positioned to capitalize because we are still the dominant provider in that market. Seng adds, - if we can move Mexico back into the 'plus' column, the global results will be even more impressive.

As for U.S. pork, Seng says - we are certainly pleased with the rebound in demand, but this is not the time for the U.S. industry to let its guard down in Japan. We cannot afford to be complacent in Japan or rest on our past successes because this is the highest-value pork market that delivers tremendous returns for U.S. producers.

Click here for the complete rundown of the July US Meat Export Numbers from USMEF

The work that will get done will include a great set of speakers that will be in OKC on that Monday and Tuesday. Topics to be covered include:
What's next with GIPSA & DOJ
The future of the cow herd and feeder cattle supply
How women's purchasing trends affect beef demand and your bottom line
An update on critical beef industry issues
and The market outlook from Cattle-FAX

Click on the LINK below for more details on the 2010 meeting- the TCFA always runs one of the base cattle industry meetings anywhere- and it's great that they will be based in Oklahoma City for 2010.

Click here for more on the 2010 Convention of the Texas Cattle Feeders Association.

Smithfield announced its Hog Production segment now consists solely of U.S. hog production, with international operations reported separately. Operating margins in the segment improved to $17 per head in the quarter, an improvement of more than $53 per head compared to losses in the same period a year ago. If you do the math- that means they were losing $36 PER HOG at this point in 2009.

Fewer hogs marketed increased live hog market prices 38 percent to $58 per hundredweight compared to $42 per hundredweight last year. Pre-interest raising costs decreased to $54 per hundredweight from $58 per hundredweight in the prior year. Pope said he expects hog production to continue to be volatile due to grain cost fluctuations he attributed to corn-based ethanol. He said Smithfield has cut its exposure to the hog side of the business and does not think it will be as profitable as in the past.
He also told analysts, however, that Smithfield is well hedged against rising corn and soymeal prices for this crop year and into next year.

Click here for more on the Smithfield Earnings of Last Week- including some audio comments from Larry Pope

An expansion of the popular bull sale, this private treaty sale is open to all breeds. It will include heifers, bred heifers, cow-calf pairs and more offerings. The sale is open to everyone attending the farm show for all three days of the event.
"Oklahoma Farm Bureau is excited to offer producers the opportunity to showcase all breeds of beef animals," said Thad Doye, Field Services vice president. "Producers can choose to bring a group of animals or just one individual. This sale is a unique and great marketing tool for all producers."

Cattlemen interested in offering animals should call Doye at 405-523-2307.
Health certification by a licensed veterinarian must be provided for all animals. Owners should be present throughout the sale, and will be responsible for the feeding, watering (water tub and water source will be provided) and stall upkeep.

Here's the text for your Monday morning-
GO MEAT!
GO MEAT!
I said a beef hot links,
I said a beef hot links,
I said a beef hot links,
I said a beef hot links,
I said a brat, beef kielbasa hot smoked sausage cheddarworst!
I said a brat, beef kielbasa hot smoked sausage cheddarworst!
When I say Hillshire, you say farm!
Hillshire!
Farm!
GO MEAT!

Just reading that does not do the video justice- we have the link from Youtube below- go and smile and carry the chant with you the rest of today- GO MEAT!!

This gives a new definition of "hot dogging" if you click and smile with the Beef Rap on the Hillshire Farms Commercial.

We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.

Click here to check out WWW.OklahomaFarmReport.Com

Here are some links we will leave in place on an ongoing basis- Click on the name of the report to go to that link:
Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day-
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.
Previous Day's Wheat Market Recap- Two Pager From The Kansas City Board of Trade looks at all three US Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market.
Daily Oklahoma Cash Grain Prices- As Reported by the Oklahoma Dept. of Agriculture. <
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.