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.

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 just concluded 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.

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The field we were in was a mile north of Lamont and received hail back this spring. The Crop Insurance people called it 65% hail damaged- but as Scott pointed out to us- canola is an indeterminate plant and just kept on adding pods. The pods that were damaged were finished for the season- but a lot more were added and the field ended up yielding over 40 bushels per acre. In fact, as we watched the yield monitor in the cab, it was often above fifty bushels in those final passes.

It was amazing how beaten down the crop looked in the yield before the combine went through and picked it up off the ground. Scott had pushed the crop- then had it rained on and it was lodged in many places flat on the ground. The combine rolled along set about as low as you can go- but it picked it right up- thrashed the canola stalks and pods into oblivion and what was in the hopper was canola seed and two to three percent of foreign matter. The buyer of the canola, PCOM- deducts the weight of the foreign matter from the crop- but there is no other deduction.

We have coverage on our website this morning of the final day of the 2010 winter canola harvest- and Jeff Scott's prediction of 150,000 to 200,000 acres of canola to be planted this fall. Audio and pictures are available via the LINK below- those pictures a close look at how close to the ground Jeff was cutting- the wildlife we stirred up along the way- and other looks at how this crop successfully came out of the field.

Click here for our coverage of the FINAL day of the 2010 Winter Canola Harvest.

"The dry conditions allowed for substantial progress in small grain harvesting. Wheat harvested reached 85 percent complete, an increase of 32 points for the week and two points ahead of normal. Twenty-four percent of wheat ground was plowed by week's end. Rye harvested was 77 percent complete, an 18 point increase from the previous week. Oats harvested reached 88 percent complete, 18 points ahead of normal, while 25 percent of oat ground was plowed by week's end."
Kansas wheat farmers also made remarkable progress in one week with the 2010 harvest as well- as they jumped from ten percent done to 55% complete in one week. The Texas wheat crop continues to come out of the field slowly, with only 58% of the crop harvested versus 43% being complete a week earlier.

in regards to the Oklahoma row crops- "Row crop conditions remain in the good to fair range but will require additional moisture to continue normal progress. Corn silking increased 21 points to reach 36 percent complete. Sorghum planted reached 90 percent complete, 13 points ahead of the five-year average. Sorghum emerged increased 10 points to 78 percent complete by Sunday, 21 points ahead of the five-year average. Eighty-seven percent of soybeans were planted, 11 points ahead of normal. Soybeans emerged reached 79 percent complete, 15 points ahead of normal. Peanuts pegging reached 11 percent complete by week's end. Cotton emerged reached 93 percent complete, up four points from the previous week and equal to the five-year average. Twenty-five percent of the cotton crop was squaring by week's end."

Click here for the complete Crop Weather Update for Oklahoma as of Monday Afternoon.

The FDA guidance calls for antibiotics that are "medically important" to humans to be used in animals only when necessary to assure their health. It also says those antibiotics should be administered with veterinary oversight or "consultation." FDA said the guidance would be used to develop public policy on animal antibiotic use.

It appears that the FDA is wanting to do what Congresswoman Louise Slaughter has not been able to do to date in the Congress- greatly restrict the use of antibiotics in animals for food production. We have more on the concerns raised by the NPPC- click on the LINK below.

Click here for more on the FDA's ideas on antibiotics use with animals.

Beef, Pork and Soybean interests all cheered this word from the President. If implemented - the Korea-U.S. Free Trade Agreement would cut Korea's tariff from 40-percent to zero within 15 years - bringing the U.S. beef industry 15-million dollars in new benefits the first year. National Cattlemen's Beef Association President Steve Foglesong says the trade deal could potentially be one of the most significant bilateral agreements in U.S. history. Click here for more from the NCBA regarding the Korean FTA.

"Having a firm deadline for resolving the outstanding issues is a major step forward and is wonderful news for American pork producers," said NPPC President Sam Carney, a pork producer from Adair, Iowa. "This is what we have been hoping to hear for almost three years," he added. "The export opportunities the FTA offers U.S. producers of pork and many other agricultural products in the Korean market are truly remarkable." According to Iowa State economist Dermot Hayes, by the end of the FTA phase-in period, total U.S. pork exports to Korea will be almost 600,000 metric tons. This represents nearly twice the current U.S. export level to Japan - currently the top value market for the U.S pork industry. The FTA will lift live hog prices by a staggering $10 per animal when fully implemented and will generate an additional $825 million in U.S. pork exports. Korea alone will absorb 5 percent of total U.S. pork production, and the FTA will create more than 11,000 new jobs because of increased pork exports alone. Click here for more of the release from the NPPC on getting a deal done with Korea.

"The free trade agreement with South Korea would provide landmark opportunities for U.S. soy, meat, and poultry exports," said American Soybean Association President Rob Joslin, a soybean producer from Sidney, Ohio. "The agreement is very positive because it will further open South Korea's market to U.S. exports of soybeans and soy products." Click here for the ASA news release for their full statement regarding this word from the Obama Administration. The agreement offers immediate duty-free access to U.S. soybeans for crushing and to U.S. soybean meal. And for the first time, producers of U.S. food-grade soybeans would have access to the South Korean market outside of the import monopoly created by the Korean State Trading Enterprise. Tariffs on refined soybean oil would be eliminated over 5 years, and tariffs on crude soybean oil would be eliminated over 10 years.

"The farm bill is one of the most important pieces of legislation Congress considers on behalf of rural America and our nation's farmers and ranchers," said Lincoln. "This first hearing will focus on maintaining a sound U.S. farm policy to protect our most vital resource - our food supply. Our food security, millions of jobs and a good share of our national economy depend on the work our farmers and ranchers do every day. The farm bill is necessary and vitally important to ensure we continue to have a safe, reliable and affordable supply of food and fiber."

It is quite a lineup that Senator Lincoln has summoned- including Secretary of Agriculture Tom Vilsack, along with the President of the American Farm Bureau- Bob Stallman and the President of the National Farmers Union- Roger Johnson. Click on the LINK below to see the entire witness list and get more details about start time and all of that.

Click here for more on the Senate Ag Committee Farm Policy Hearing Number One on June 30.

According to Allendale - USDA will raise its corn acreage estimate by more than 900-thousand acres. The Illinois marketing consultant expects soybean acres to decline 489-thousand acres from March intentions. Allendale pegs spring wheat acreage at 13.9-million. Also Allendale expect quarterly stocks of wheat will jump 44-percent from a year ago.

Meanwhile - according to a nationwide email survey of farmers in the Farm Journal Media database - corn acreage is expected to drop nearly 400-thousand acres from the March planting intentions - but soybeans may gain 600-thousand acres. AgWeb pegs U.S. corn acreage at 88.4-million and soybeans at 78.7-million acres.

On today's Beef Buzz, we hear from Forrest Roberts, the CEO of the National Cattlemen's Beef Association, who says that even though they have suspended efforts to change the structure of the organization for the time being- they have made tremendous progress with USDA on satisfying their concerns and the concerns of the six other ag groups who have complained to USDA about NCBA's cozy relationship with the Federation.

Click on our LINK below for this Beef Buzz- and links to some of our earlier coverage of this story that now awaits response from USDA.

Click here for our Beef Buzz featuring Forrest Roberts of NCBA about their discussions with USDA on the future structure of NCBA

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.