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                        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 $13.07 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    
                              Tuesday, 
                              July 24, 
                          2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            | Featured Story:  Oklahoma 
                              Ag Secretary, Farm Groups Urge House to Pass Farm 
                              Bill  Oklahoma's 
                              agriculture secretary and a broad-based coalition 
                              of agriculture groups have written a letter to 
                              Congressional leaders asking for immediate floor 
                              time for consideration of the 2012 
                              bill.
 Secretary Jim Reese 
                              and the 19 organizations implore Speaker of the 
                              House John Boehner and Minority 
                              Leader Nancy Pelosi to bring the 
                              FARRM Act to a vote as quickly as possible. The 
                              letter says the ongoing drought conditions are a 
                              threat to our national food supply, and quick 
                              action by Congress is needed to decrease 
                              uncertainty and encourage lenders and producers to 
                              move forward quickly.
   The 
                              farm groups believe a lack of certainty and 
                              direction caused by a delayed farm bill will have 
                              widespread economic impact, such as impaired 
                              financial decisions for lenders and borrowers, 
                              including renewal of operating capital. The 
                              letter asks House leaders to pass the bill in a 
                              timely fashion to minimize damage to both national 
                              and international markets.
 
 The groups 
                              signing the letter include: Oklahoma Department of 
                              Agriculture, Food and Forestry, American Farmers 
                              & Ranchers, Great Plains Canola Association, 
                              Oklahoma Agribusiness Retailers Association, 
                              Oklahoma Cattlemen's Association,
 Oklahoma 
                              Conservation Commission, Oklahoma Agricultural 
                              Cooperative Council, Oklahoma Association of 
                              Conservation Districts, Oklahoma Cotton Council, 
                              Oklahoma Farm Bureau, Oklahoma Grain and Feed 
                              Association, Oklahoma Livestock Marketing 
                              Association, Oklahoma Peanut Commission, Oklahoma 
                              Pork Council, Oklahoma Poultry Federation, 
                              Oklahoma Sorghum Association, Oklahoma Wheat 
                              Growers Association, Producers Cooperative Oil 
                              Mill, and Whitetails of Oklahoma.
 
 You can read the full text of the 
                              letter by clicking here.
     |  
                          
                          
                            | Sponsor 
                              Spotlight   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!     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 Genetics lineup for winter 
                              canola.    |  
                          
                          
                            |  Agriculture 
                              Secretary Vilsack Announces New Efforts to Assist 
                              Farmers and Ranchers Impacted by 
                              Drought  Agriculture 
                              Secretary Tom Vilsack announced 
                              new flexibility and assistance in the U.S. 
                              Department of Agriculture's major conservation 
                              programs to get much-needed help to livestock 
                              producers as the most wide-spread drought in seven 
                              decades intensifies in the United States. Vilsack 
                              also announced plans to encourage crop insurance 
                              companies to provide a short grace period for 
                              farmers on unpaid insurance premiums, as some 
                              farming families can be expected to struggle to 
                              make ends meet at the close of the crop 
                              year.
 "President Obama and I are committed 
                              to getting help to producers as soon as possible 
                              and sustaining the success of America's rural 
                              communities through these difficult times," said 
                              Vilsack. "Beginning today, USDA will open 
                              opportunities for haying and grazing on lands 
                              enrolled in conservation programs while providing 
                              additional financial and technical assistance to 
                              help landowners through this drought. And we will 
                              deliver greater peace of mind to farmers dealing 
                              with this worsening drought by encouraging crop 
                              insurance companies to work with farmers through 
                              this challenging period. As severe weather and 
                              natural disasters continue to threaten the 
                              livelihoods of thousands of our farming families, 
                              we want you and your communities to know that USDA 
                              stands with you."
 
 The assistance announced 
                              uses the Secretary of Agriculture's existing 
                              authority to help create and encourage flexibility 
                              within four USDA programs: the Conservation 
                              Reserve Program (CRP), the Environmental Quality 
                              Incentives Program (EQIP), the Wetlands Reserve 
                              Program (WRP), and the Federal Crop Insurance 
                              Program.
 
 Click here to read more about USDA 
                              assistance programs available for drought-stricken 
                              areas.
   |  
                          
                          
                            |  Missouri 
                              Crop and Pasture Conditions Are the Worst in the 
                              US- The Latest US Crop Progress Report  With 
                              little to no relief in sight, the latest USDA 
                              National Crop Progress Report shows significant 
                              declines again in the latest week for corn, 
                              soybean and pasture conditions. Missouri continues 
                              to be the epicenter for the worst of the impacts 
                              of the drought of 2012, based on poor to very poor 
                              ratings for all three commodities. 
                              
 Nationally, the corn ratings have slipped 
                              seven additional percentage points from one week 
                              ago in the poor to very poor conditions- now at 
                              45% poor to very poor versus 38% one week ago. 
                              Good to excellent ratings have continued to 
                              shrink- now at just 26% of the corn crop 
                              nationally compared to 31% a week ago and 62% on 
                              the 2011 corn crop. The Missouri snapshot has the 
                              Show Me state corn crop now at 79% poor to very 
                              poor and only five percent good to 
                              excellent.
 
 Soybean ratings are similar, as 
                              poor to very poor ratings grew five percentage 
                              points from July 15 to July 22. Over two thirds of 
                              the Missouri soybean crop now has been judged to 
                              be in the poor to very poor categories- 68% to be 
                              exact. There may still be some hope for Illinois 
                              and Indiana soybean producers, although they 
                              desperately need a weather break with their 
                              soybeans at 59% and 53% poor to very poor 
                              respectively.
 Livestock 
                              producers, who have few if any resources that can 
                              be called a safety net, have continued to see the 
                              pasture and range conditions head rapidly into 
                              poor to very poor ratings when it comes to the 
                              midwestern states most impacted by drought.
   Click here for more and to find a 
                              link to the latest USDA National Crop 
                              Progress Report.   |  
                          
                          
                            |   Oklahoma Crop Conditions 
                              Continue to Worsen; Kansas, Texas Also 
                              Decline  Increasingly 
                              dry conditions with record-setting temperatures 
                              continued to affect summer crops across Oklahoma. 
                              Record-breaking highs were recorded in four towns 
                              and record-tying temperatures were reported in 
                              four others last week. Reports of pastures going 
                              dormant, stock water supplies drying up, and early 
                              cattle sales increased as well.   The 
                              report's bright spot is that 69 percent of the 
                              peanut crop is listed in good condition. 
                              Thirty-five percent of the corn crop is in the 
                              same condition. The largest percentages of 
                              soybeans, cotton, sorghum, however, are said to be 
                              in only fair shape or worse with more hot 
                              temperatures and dry winds on tap this week.  
                              Click here for the full Oklahoma 
                              report.   Precipitation 
                              was spotty around Texas last week, with most crops 
                              reported in good condition, but 52 percent of the 
                              soybean crop is only in fair condition. Click here for the Texas 
                              report.   Kansas 
                              also saw above-average temperatures and 
                              below-average rainfall last week with all crop 
                              conditions declining. You'll find the full Kansas report by 
                              clicking here.   |  
                          
                          
                            |  Beef 
                              Demand is Still the Key Despite Herd Downsizing 
                              Due to Drought  Derrell 
                              S. Peel, Oklahoma State University 
                              Extension Livestock Marketing Specialist, writes 
                              in this week's Cow-Calf newsletter that the U.S. 
                              beef cow herd continues to decline due to the 
                              drought, but tightening supplies will ultimately 
                              push prices back up.
 The continued 
                              worsening of the drought has cattle markets on the 
                              defensive in just about every respect. Loss of 
                              forage and reduced hay production is causing early 
                              feeder cattle sales and additional cow culling. 
                              The signs of additional beef herd liquidation are 
                              everywhere; the mid-year total cattle inventory is 
                              down two percent while the beef cow herd is down 
                              three percent. Though beef cow slaughter is down 
                              over nine percent from last year, cow culling 
                              still exceeds heifer placement and the herd 
                              continues to decline. The July 1 beef heifer 
                              inventory is just even with last year, which 
                              indicates no significant expansion and the 
                              replacement heifers may yet be liquidated if the 
                              drought worsens. The July Cattle on Feed report 
                              included a scant two percent decrease in 
                              placements in June, which is really a 2.8 percent 
                              increase in placements when adjusted for the one 
                              less business day this June. Placements of cattle 
                              less than 600 pounds was equal to last year's 
                              drought enhanced level and suggests more drought 
                              forced placements this year.
 
 The market 
                              price impacts of this year's drought have 
                              developed much quickly and have been much more 
                              severe this year compared to last. Partly that is 
                              because of a more widespread drought with fewer 
                              regional options, partly because of the dramatic 
                              impacts of the drought on corn prices but also 
                              because of a significant erosion in beef values in 
                              the past month. Choice boxed beef decreased eight 
                              percent in the past month, led by a nearly 17 
                              percent drop in wholesale Ribeye prices and an 11 
                              percent drop in wholesale Loin values. A weaker 
                              U.S. macroeconomic outlook combined with weaker 
                              beef exports is contributing to persistent 
                              sluggish growth in beef demand.
 
 You'll find more of Derrell Peel's 
                              discussion of the effects of the drought on cattle 
                              markets by clicking here.
   |  
                          
                          
                            |  Choice 
                              Boxed Beef and Finished Cattle Continue to 
                              Slide, Czerwien Says  Ed 
                              Czerwien of the USDA Market News Office 
                              in Amarillo says the choice cut market and 
                              finished cattle were both lower on the week ended 
                              June 20th.   The 
                              choice cut market fell $4.63 last week 
                              to end at $179.31. The total boxed beef volume for 
                              the week was 7,331 loads.
 The general trend 
                              in the finished cattle trade was $2.00 to $4.00 
                              lower in most cases, with the average price in the 
                              South at $113/cwt.
   There 
                              were some live sales in Nebraska at $112 to 
                              $113/cwt. Dressed sales were also $2.00 to $4.00 
                              lower in Nebraska selling mostly at $179/cwt.    Larger 
                              than normal runs are appearing in most areas 
                              because of drought and diminishing grazing 
                              conditions.
 The harvest weights continue to 
                              increase in most areas by the average of three 
                              pounds.
 
 Click here to listen to Ed Czerwien's 
                              full report.
     |  
                          
                          
                            |  Class 
                              XVI of the Oklahoma Ag Leadership Program Named by 
                              OSU    Congratulations 
                              to the just named members of Class 
                              XVI of the Oklahoma Ag Leadership 
                              Program. OALP is a two year work-study 
                              leadership development program that was 
                              established in the early 1980s to further develop 
                              future leaders for Oklahoma agriculture.   The 
                              first seminar in the two year program for the new 
                              group comes up in August in Stillwater- and this 
                              class will wrap up their OALP experience in the 
                              spring of 2014.  The current Director of the 
                              Program is Dr. Edmond Bonjour.      Click here for more details about the 
                              program and how it has developed over the 
                              years- but here's what you are really interested 
                              in- who's in Class XVI-   Steve 
                              Alspach, Stillwater Meriruth 
                              Cohenour, Yukon Jamie 
                              Cummings, Purcell Patty 
                              A. DeWitt, Cherokee Jamie 
                              Doyal, Cement Jane 
                              Fuhlendorf, Stillwater Joe 
                              Gribble, Yukon Chris 
                              Hitch, Guymon Brent 
                              Howard, Headrick Stacy 
                              Howeth, Yukon Dianne 
                              Jeans, Tonkawa Jennifer 
                              Jensen, Stillwater Karen 
                              Eifert Jones, Waukomis Chris 
                              Kidd, Addington Justin 
                              Lingo, Yukon Cheri 
                              Long, Moore Steve 
                              McIntyre, Ardmore Tracey 
                              Payton Miller, Norman Ginger 
                              Reimer, Claremore Rusty 
                              Roush, Clinton Casey 
                              Sharber, Yukon Sandra 
                              Stevenson, Perkins Janet 
                              Stewart, Perry Scott 
                              Stinnett, Porter Debbie 
                              J. Wedel, Yukon Justin 
                              Whitmore, Coyle         |  |  
                      | 
                          
                          
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                                  phone: 405-473-6144
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