From: Ron Hays []
Sent: Tuesday, June 24, 2008 00:13
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday June 24, 2008!
A service of Farm Credit of East Central Oklahoma, KIS Futures & Johnston Enterprises!
-- Wheat Harvest- Oklahoma 74%, Texas 69% and Kansas 6%.
-- Harvest and More the Focus of the Latest Oklahoma Crop Weather Update.
-- Oklahoma Pork Producers Agree with NPPC in Calling for Waiver on Half of the RFS- as Requested by Governor Rick Perry of Texas.
-- Second Generation Biofuels Sorghum Being Eyed by Richardson Seed and Partners.
-- June Crop Report that will be Issued Next Monday to Include Flood Numbers
-- Cotton Farm Policy Meetings Continue Across the Southern Plains
-- Checking the Markets...Oklahoma City Market Higher!

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 E-Mail. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for their website or call them at 1-800-256-2555.

We welcome as our newest regular sponsor on our daily email Johnston Enterprises- proud to have served agriculture across Oklahoma and around the world since 1893. Johnston Grain wishes our wheat producers a safe and prosperous harvest this month- for more on Johnston Enterprises- click here for their website!
And finally, we are glad to have Farm Credit of East Central Oklahoma as a regular sponsor of our daily email update. Farm Credit of East Central Oklahoma has ten branch offices to serve your farm financing needs and is dedicated to being your first choice for farm credit. Check out their website for more information by clicking here!

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Wheat Harvest- Oklahoma 74%, Texas 69% and Kansas 6%.
The 2008 Oklahoma Winter Wheat Harvest made a nice increase in harvest completion because of drier harvest weather this past weekend- Texas harvest completion also jumped forward but the largest winter wheat state, Kansas, is still barely started with the 2008 harvest season. Oklahoma has 74% of the crop now in the bin, versus 59% a week ago and just 49% of the crop harvested and out of the wet fields of a year ago. Oklahoma does lag the five year average of 79%- just barely. Texas also had good harvest progress- moving from 51% complete one week ago to 69% finished as of Sunday. That number is also well ahead of the year ago number of 41% and more done than the 64% five year average.

Where the wheels have come off the hard red winter wheat harvest at this point is in Kansas. Because of wet conditions- Kansas was able to move from just 2% harvested a week ago to the current level of 6% harvested- well behind the 15% of 2007 by this date- and the 36% five year average. As this report came out Monday afternoon- more rain was falling in Kansas, suggesting more harvest delays.

Meanwhile, Wheat Quality Numbers Show Lots of Positives and One Big Negative for the 2008 Oklahoma Wheat Harvest. According to Mark Hodges, Executive Director of the Oklahoma Wheat Commission, there are several very positive things that end users will like about the quality of the 2008 wheat crop from the southern one third of the state of Oklahoma. The positives include high test weights, the one thousand kernel weights, and the uniformity of the size of the kernels. The one big negative is the lack of protein in the crop- with the average in the southern one third of the state at 10.9%- well below the average protein levels for an Oklahoma HRW crop of 12% or slightly better.
We have Mark's audio recap of the quality number from the southern one third of the state- plus some some harvest updates that have come in on our wheat harvest webpage- click below to jump there.

Click here for the Wheat Harvest Webpage at WWW.OklahomaFarmreport.Com

Harvest and More the Focus of the Latest Oklahoma Crop Weather Update.
When it comes to the latest Oklahoma Crop Weather Update- it showed that moisture conditions remain generally good but not saturated like a year ago across much of the state. It did show that wheat harvest was in full swing but remained behind normal as the North Central and Northeast districts experienced more delays due to scattered storms. Winter wheat harvest reached 74 percent last week, up 15 percentage points from the previous week but three points behind the five-year average. Thirteen percent of the State's winter wheat acreage had been plowed by week's end.

Row crop conditions remained mostly in the good to fair range. Corn silking is at 21 percent, 10 points behind last year, and 11 points behind the five-year average. Sorghum seedbed prepared increased only three percentage points from the previous week to reach 92 percent complete, three points behind the five-year average. Sorghum planted is over halfway complete but 20 points behind normal. Sorghum emerged reached 42 percent, up six points from the previous week, but 17 points behind normal. Soybeans seedbed preparation reached 90 percent complete, an increase of two percentage points. Soybeans planted were at 58 percent, 17 points behind normal but 10 points ahead of last year. Just over half of the soybeans were emerged by week's end, 13 points behind normal. Nearly one-third of the peanuts in the State were pegging, an increase of 13 points from the previous week and two points ahead of normal. Nearly all of the State's cotton had emerged by week's end, an increase of nine points. A small percentage of cotton had reached the squaring stage.

When it comes to pasture and range conditions- recent rainfall should improve future pasture growth. Pasture and range conditions were reported mostly in the good to fair range. Panhandle pasture conditions remain poor and many producers are being forced to reduce cattle herd size due to severe dry weather.
We do have the complete report linked below- click and check it out.

Click here for the latest Oklahoma Crop Weather Update.

Oklahoma Pork Producers Agree with NPPC in Calling for Waiver on Half of the RFS- as Requested by Governor Rick Perry of Texas.
The Oklahoma and Texas Pork Producers joined with the National Pork Producers Council yesterday- asking that the federally-mandated target for corn- based ethanol production be cut in half. In comments to the U.S. Environmental Protection Agency, NPPC urged that the state of Texas be granted a waiver of the Renewable Fuels Standard (RFS) and that the amount of biofuels - ethanol is the only viable biofuel - that must be produced in 2008 be reduced to 4.5 billion gallons from 9 billion gallons. EPA must make a decision on the waiver requested by Gov. Rick Perry by today, July 24.

Pork producers have been feeling the pinch of higher prices for feed, which accounts for 70 percent of the cost of raising a hog. Feed grain prices already were increasing starting in the summer of 2006 because of the rapid rise in ethanol production. Since then, increased global demand for crops, drought conditions in parts of the world and the RFS requirement have fueled even higher grain prices. (A bushel of corn now is selling for around $8 compared with about $2.60 in July 2006.) From September 2007 to April 2008, corn prices rose 124 percent and soybean meal prices went up 94 percent. During that time, pork producers lost an average of $30 on each hog marketed.

Making matters worse are the recent flooding in much of the Heartland and delayed plantings because of a cold, wet spring, which have pushed corn yield forecasts significantly below earlier projections. USDA recently reduced to 149 bushels from 154 bushels its estimated average yield per acre. That expected shortfall along with a mandated 38 percent increase in ethanol production over last year has producers very concerned about having physical access to corn to feed their livestock, NPPC pointed out in its comments to EPA.

Second Generation Biofuels Sorghum Being Eyed by Richardson Seed and Partners.
MMR Genetics, Richardson Seeds, and Mendel announced this past week a collaborative agreement to jointly research, develop and breed new cultivars for the emerging second-generation biofuels market. MMR Genetics and Mendel will jointly establish a bioenergy nursery, which will be used to breed new, high-performing sorghum cultivars with unique biofuels characteristics. Richardson Seeds will produce commercial quantities of selected cultivars.

"Sorghum has the genetic potential -- because of its yield capacities, adaptation ranges, and germplasm diversity -- to provide superior second-generation biofuels and assist in alleviating dependence on fossil energy sources" said Dr. Fred Miller, senior sorghum breeder and owner of MMR Genetics. "MMR Genetics and Mendel will be able to move our high quality forage and biomass programs to exciting new

Under the terms of the agreement, MMR Genetics will contribute germplasm, breeding know-how and services, and nursery operations; Mendel will provide funding and research and breeding assistance and will have exclusive commercial rights to selected cultivars. Richardson Seeds will provide seed production research and produce commercial quantities of selected cultivars.

Here's the link to the Mendel Biotech Website- and specifically to their New Products Page which explains their Biotech Focus.

June Crop Report that will be Issued Next Monday to Include Flood Numbers
The National Agricultural Statistics Service's acreage report to be released on June 30th will include new information on flood damage to crops. NASS officials plan to re-interview producers during the week of June 23 in affected areas of Illinois, Indiana, Iowa, Minnesota, Missouri and Wisconsin. This will provide additional information about producers' harvesting intentions for corn, soybeans and sorghum. The original survey information was gathered during the first two weeks of June, before the majority of the flooding occurred. Similar new information will be included in the August 12th report.

Some state NASS offices may have already conducted preliminary surveys. Reacting to a request from Indiana Governor Mitch Daniels, the Indiana NASS office found that 9 percent of the state's corn and soybean acreage and 5 percent of its wheat acreage was flooded. The Indiana NASS office reports the southwestern part of the state was most affected. There 16 percent of the corn and soybean acreage and 6 percent of the wheat acreage was flooded.

While no official numbers are out for Iowa- the Iowa Farm Bureau has estimated that 1.1 million acres of corn and 2.0 million acres of soybeans may be lost in Iowa this year because of the flooding from this once in 500 year event.

Here's USDA's release on their intentions on assessing the acreage impact of the flooding of 2008.

Cotton Farm Policy Meetings Continue Across the Southern Plains
The National Cotton Council is in the middle of hoilding a whole series of meetings across the Cotton Belt, with meetings held yesterday up in Kansas- meetings today and tomorrow across Texas, and there is a meeting planned this Thursday, June 26, in Altus.

That meeting is set to start at 10:00 AM at the Oklahoma Cotton Cooperative Association in Altus. The sessions across the Cotton Belt are designed to give producers specific information about the nuts and bolts of the Commodity TItle of the 2008 Farm Law- and all are invited to attend.

We have this event listed- as well as a host of other important meetings and convention ahead in the days to come- so we invite you to take a look at our calendar at WWW.OklahomaFarmReport.Com. It's linked for you below. PLEASE remember to let us hear from you about events that we need to be listing on our calendar page on the web- we will make sure it gets added immediately!

Click here for the Calendar page at WWW.OklahomaFarmReport.Com

Our thanks to Johnston Enterprises, KIS Futures and Farm Credit of East Central Oklahomafor their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked at the top of the email- check them out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis!

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

Checking the Markets...Oklahoma City Market Higher!
Yearling prices at the Oklahoma National Stockyards moved two to three dollars higher on Monday. The USDA market reporter writes that " A bullish cattle on feed report last Friday along with a shrinking supply of feeders spurred demand from feedlots. Out front fat cattle futures well ahead of current cash also encourages yards to keep the pens full." To take a look at the Oklahoma National Stockyards market report of the 8200 cattle sold on Monday- click here.

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- One Pager From Country Hedging- looks at all three US Wheat Futures Exchanges 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.

God Bless! You can reach us at the following:
phone: 405-473-6144

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