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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 $11.78 per bushel-  2012 
                        New Crop contracts for canola are now available at 
                        $12.99 per bushel at 
                        the Northern Ag elevator in Yukon as of the close of 
                        business yesterday.   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    
                              Wednesday, July 11, 
                              2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:  2012 
                              Lucas-Peterson Farm Bill Moves to House Floor for 
                              Markup  Coming 
                              up this morning is the markup of the 
                              Lucas-Peterson 2012 Farm Bill proposal- known as 
                              FARRM, the Federal Agricultural Reform and Risk 
                              Management act. We have had several stories since 
                              last week when Chairman of the House Ag Committee, 
                              Oklahoma Congressman Frank Lucas, 
                              revealed details of what he and Ranking Minority 
                              member Collin Peterson have 
                              called their "Draft Proposal." That includes our 
                              ten minute audio interview with Chairman Lucas 
                              that we conducted on Monday afternoon- click here to jump to that 
                              conversation- the Congressman talked about how 
                              he intends to walk through the Committee process 
                              today for as long as it takes- and then 
                              what arguments he has ready for the House 
                              leadership to convince them that the 2012 Farm 
                              Bill is deserving of floor time before 
                              the November general elections.   
                                 The 
                              House Ag Committee has prepared an excellent 
                              summary of the 2012 Farm Bill proposal- click here for that.    Yesterday, 
                              the American Farm Bureau sent a letter to House 
                              Agriculture Committee members supporting the draft 
                              farm bill, but suggesting improvements in several 
                              areas including improving equity across all 
                              commodities and re-instituting payment limitations 
                              and Adjusted Gross Income provisions from the 
                              current law. Click here from more from the 
                              AFBF.      Other 
                              farm groups and conservation organizations issued 
                              statements in support of the farm bill draft as 
                              well. Click on their names below to read their 
                              statements:   National Cotton 
Council National Farmers Union 
 National Sorghum 
                              Producers Oklahoma Association of Conservation 
                              Districts Oklahoma Farm Bureau Oklahoma Wheat Growers Specialty Crop Farm Bill 
                              Alliance   There 
                              were a couple of organizations that were not happy 
                              campers with the draft of the farm bill. The Environmental Working Group 
                              was not pleased that funding for feeding programs 
                              and environmental measures would be 
                              reduced.   And 
                              the National Council of Farmers 
                              Cooperatives expressed its opposition to 
                              an amendment that has been proposed by Rep. Bob 
                              Goodlatte of Virginia that would gut the sugar 
                              program.   Texas 
                              A&M University has authored a comprehensive 
                              study on the economic safety net provisions of the 
                              farm bill. Click here to read the 
                              study.    |  
                          
                          
                            | Sponsor 
                              Spotlight   We welcome 
                              Winfield Solutions and 
                              CROPLAN by Winfield as a sponsor 
                              of the daily email- and we are very excited to 
                              have them join us in getting information out to 
                              wheat producers and other key players in the 
                              southern plains wheat belt more information about 
                              the rapidly expanding winter canola 
                              production opportunities in Oklahoma.  
                              CROPLAN has had three varieties in the winter 
                              canola trials this year- all three Glyphosate 
                              resistant- HYC115W, HYC125W and HYC154W.  Click here for more information on 
                              the CROPLAN lineup for winter 
                              canola.          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.      |  
                          
                          
                            |  NFU 
                              Leads Coalition Calling for Action on 2012 Farm 
                              Bill  National 
                              Farmers Union (NFU) led a coalition of 
                              agriculture, conservation, energy, forestry, 
                              livestock, hunger and rural organizations thanking 
                              U.S. House of Representatives Committee on 
                              Agriculture Chairman Frank Lucas, R-Okla., and 
                              Ranking Member Collin Peterson, D-Minn., for their 
                              leadership on the 2012 Farm Bill so far. The 
                              coalition also urged the full Committee on 
                              Agriculture to work together in a cooperative, 
                              bipartisan fashion.
 "This letter 
                              demonstrates the strong support for completing a 
                              bipartisan farm bill before the Sept. 30 
                              deadline," said NFU President Roger 
                              Johnson. "Every voter in this country 
                              depends on the farm bill, so we cannot lose sight 
                              of the bigger picture."
 
 The coalition 
                              letter was signed by 77 organizations.
 
 Click here for more and link to the 
                              full letter.
   |  
                          
                          
                            |  Renewable 
                              Fuels Association Chief Offers Strong Defense of 
                              RFS  In 
                              testimony before the House Energy and Commerce 
                              Committee Subcommittee on Energy and Power, 
                              Renewable Fuels Association President and CEO 
                              Bob Dinneen underscored the 
                              importance of domestic ethanol in the nation's 
                              fuel supply and the important role the Renewable 
                              Fuel Standard plays. 
 "One important 
                              alternative fuel - ethanol - is already helping to 
                              address these national concerns," Dinneen wrote in 
                              prepared testimony. "America's ethanol industry - 
                              buttressed by a visionary Renewable Fuel Standard 
                              (RFS) - is already decreasing our reliance on 
                              foreign oil, already exerting downward pressure on 
                              gasoline prices, already employing tens of 
                              thousands of American workers, and already 
                              cleaning up our air. As a result of the 
                              forward-looking nature of the RFS, the industry is 
                              poised to make even more significant contributions 
                              to our nation's economic and environmental 
                              security in the future."
   You can read more of Dinneen's 
                              comments and find a link to his full testimony by 
                              clicking here.   |  
                          
                          
                            |  Australia, 
                              New Zealand, U.S. Uneasy Over Canada's Inclusion 
                              In Trans-Pacific Partnership  The 
                              recent decision at the G20 summit to include 
                              Canada in the Trans-Pacific Partnership (TPP) has 
                              the United States, New Zealand and Australia up in 
                              arms over Canada's open agricultural subsidy 
                              schemes, in particular its programs for Canadian 
                              pork production. 
 The TPP countries - the 
                              United States, Australia, New Zealand, Brunei 
                              Darussalam, Chile, Malaysia, Peru, Singapore and 
                              Vietnam - also voted to include Mexico in the TPP. 
                              The nine economies have a combined gross domestic 
                              product (GDP) of nearly $17 trillion, a GDP per 
                              capita of $33,546 and a population of 505.8 
                              million people.
 
 The inclusion of Canada 
                              and Mexico now takes the 11-member TPP group to 
                              nearly 30 percent of global GDP, a substantially 
                              larger trading power than the 27-nation European 
                              Union (EU) bloc.
   Click here to read more.   |  
                          
                          
                            |  When 
                              Less Means More--Maximizing Beef Yields Based on 
                              Production Environment  In 
                              the latest issue of the Cow-Calf Newsletter, Dr. 
                              Megan Rolf, Oklahoma State 
                              University Extension Beef Management Specialist, 
                              addresses the issue of properly matching cow frame 
                              size to available resources: 
 Hot, dry 
                              summer months can create great hardships for 
                              management of beef heifers and cows. One way to 
                              help minimize stress on the land and resources 
                              available to you and your cowherd is to choose 
                              animals which have performance that is optimized 
                              for your production environment.
 
 It is 
                              tempting to think about selection of herd sires 
                              and replacement heifers with the goal of 
                              maximizing production and the output from your 
                              herd. However, increased output has an associated 
                              cost and may not increase overall profitability. 
                              It only makes fiscal sense to continue to select 
                              for increased performance in a trait if the 
                              benefit outweighs the increased cost.
   You can read more of Megan 
                              Rolf's recommendations on our webpage by 
                              clicking here.   |  
                          
                          
                            |  Oklahoma 
                              Farmer Named 2012 Peanut Profitability Winner  Tillman 
                              County peanut producer, Joe D. 
                              White of Frederick has been named the 
                              Farm Press Peanut Profitability Award winner for 
                              the Southwest Region (New Mexico, Oklahoma & 
                              Texas). Marking the first time a producer from 
                              Oklahoma has been selected. White will join I.C. 
                              Terry of Lake City, Fl and Bud Bowers of Luray, 
                              S.C. as 2012 regional honorees during the 14th 
                              annual Southern Peanut Growers Conference in 
                              Panama City, Fl, July 19-21.
 "The Peanut 
                              Profitability Award isn't simply a 'top yield' 
                              prize", stresses Greg Frey, publisher of Farm 
                              Press Publications; founders of the award. "The 
                              distinction of being named a Peanut Profitability 
                              winner is reserved only for those producers who 
                              balance production costs with excellent yields and 
                              quality, across their entire peanut production 
                              system.
 
 "Our Southwest winner does an 
                              excellent job of managing fixed costs, which is an 
                              important component of the award criteria", says 
                              Marshall Lamb, research director for the National 
                              Peanut Research Lab in Dawson, Ga., and advisor 
                              for the Farm Press Peanut Profitability Awards.
   Click here for more on this year's 
                              Peanut Profitability Award winner.   |  
                          
                          
                            |  This 
                              N That- Wheat Commission Meets After Lunch Today- 
                              and a Few More Farm Bill Tidbits    It's 
                              their first meeting of the new Fiscal Year for the 
                              Oklahoma Wheat Commission- and 
                              they have a lengthy agenda as a result for their 
                              July Board meeting- which is scheduled to start at 
                              1:00 PM this afternoon at the Oklahoma Department 
                              of Agriculture. Click here for our calendar item 
                              on this event- which will take you over to their 
                              full agenda for you to see as well.    Speaking 
                              of the Calendar- thanks to many of you that have 
                              sent us calendar items to include on our website's 
                              calendar listing- we encourage you to keep those 
                              items coming- best way is to email me- just click 
                              here and that will jump you over to your email 
                              program- or use the email address listed at the 
                              bottom of the email and send your info that way- 
                              Thanks in advance for keeping us in the loop on 
                              things in your part of agriculture!    FINALLY- 
                              a couple of more notes on the upcoming House Ag 
                              Committee Farm Bill markup- one reason, we are 
                              placing a little bit of extra attention on this is 
                              the historic nature of today- for the 
                              first time in the history of the state of 
                              Oklahoma- we have an Oklahoma Congressman 
                              chairing a markup of federal farm legislation- 
                              Frank Lucas is our first ever 
                              Chairman of the House Ag Committee- (Have never 
                              had a Senate Ag Committee Chair) and the crowning 
                              achievement of any Ag Committee Chair is to shape 
                              federal farm policy as it is written every four, 
                              five or six years. The farmer-rancher from Roger 
                              Mills County is in the eye of that storm as his 
                              "Chairman's Mark" is advanced today.  
                                  The 
                              late word we have from Committee staff is that 
                              they have about 30 amendments they knew about as 
                              of late yesterday afternoon- they will start at 9 
                              AM central time- you can watch on Cspan 3- or on the House Ag Committee website- and 
                              we will be posting periodic stories on our 
                              website- OklahomaFarmReport.Com as well as 
                              "Tweeting" throughout the process. Click here to follow our tweets- 
                              even if you don't have a Twitter account- this 
                              link will allow you to see our stream of comments 
                              as debate unfolds.  It should be an 
                              interesting process.         |  |  
                      | 
                          
                          
                            |     God Bless! 
                              You can reach us at the following: 
                                  phone: 405-473-6144
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