From: Ron Hays [] on behalf of Ron Hays []
Sent: Wednesday, July 20, 2011 6:22 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday, July 20, 2011
A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Canola Producer Making 2012 Plans With Rain Expectations
-- National Cotton Council and Others Urge Resolution of Budget Issues
-- Agriculture Chairman Frank Lucas Tells U.S. Chamber of Commerce the Dodd-Frank Act Needs Changes
-- 2011 Drought in Pictures- A Corn Crop on Its Last Legs
-- Cost Management is a Vital Part of a Successful Cow-Calf Operation
-- No-Till Conference Coming up This Week
-- Cow Market Pipeline Clogged- Prices Fall
-- Let's Check the Markets!

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- and their IPHONE App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App 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 held each December. Click here for the Midwest Farm Show main website to learn more about their lineup of shows around the country!

We 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.

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.

Canola Producer Making 2012 Plans With Rain Expectations
There was a good crowd at the first of two meetings planned for the 7th Annual Winter Canola Conference held by Oklahoma State University- yesterday the meeting was held as it traditionally has been in Enid- today- they move on to Lawton. Farmers that came to the Enid meeting were weighing their options- trying to decide if they try winter canola on some of their acres in the fall of 2011- do they stick with wheat- or do they let the acres go fallow to try to conserve winter moisture and then come back next spring and try a spring planted crop?

One of those in attendance and a part of the program both days was Jeff Scott, one of the veterans in the state when it comes to planting winter canola- he has been working with the crop since it first came on the southern plains scene about eight years ago. We turned the video camera onto Jeff and he provided us with an excellent mid summer canola update of what he is doing to get ready fort he planting of the 2012 canola crop come late September into early October.

This Canola TV update is a part of our ongoing effort with PCOM to provide information about winter canola production here in the southern great plains. We have a Canola TV page on our website- where you can review previous Canola TV updates- and you can also click here to jump over to our YouTube channel for WinterCanola TV. You can watch all of the previous reports there as well.

Click on the LINK below for today's edition of CanolaTV, featuring Jeff Scott as we chatted with him at the Hoover Building on the Garfield County Fairgrounds in Enid.

Click here for our latest episode of CanolaTV- as we talk about getting ready for the 2012 Planting Window of Winter Canola.

National Cotton Council and Others Urge Resolution of Budget Issues
The National Cotton Council joined 33 other organizations on a letter to President Obama and House and Senate leaders seeking prompt action on the debt ceiling/deficit reduction negotiations that does not require disproportionate cuts in agriculture and related programs.

The agriculture and agribusiness organizations also emphasized the importance of allowing House/Senate agriculture committees' members determine where modifications and reductions are made because these Members have the expertise to best evaluate specific programs.

The groups' letter stated that, "Agriculture is prepared to take a proportionate share of budget cuts provided everything is on the table. Last year, agriculture absorbed a net $6 billion reduction, according to the Congressional Budget Office, thus making it clear we have and will do our part to help with spending and deficit control."

Also urged was that consideration be given to providing sufficient resources to support policy that underpins the ability to produce food, fiber, feed and fuel -- the rural economy's lifeblood.

"In this time of economic uncertainty and weather-related disasters, the farm bill provides safeguards for farmers and ranchers to consistently provide a safe and stable food supply," the organizations emphasized.

Click here to read a copy of the letter sent by NCC and others.

Agriculture Chairman Frank Lucas Tells U.S. Chamber of Commerce the Dodd-Frank Act Needs Changes
Rep. Frank Lucas, Chairman of the House Agriculture Committee, gave the keynote address on July 19, 2011 at an event of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness (CMMC) to mark the one year anniversary of the enactment of the Dodd-Frank Act.

Chairman Lucas and Members of the House Agriculture Committee have exercised oversight responsibilities of the implementation of Title VII of Dodd-Frank since the beginning of the 112th Congress. Lucas has maintained that the far-reaching impact it will have on the U.S. economy should not be underestimated and requires that the Commodity Futures Trading Commission (CFTC) use a thoughtful and deliberative process for implementation.

You can read a selection of Chairman Lucas's comments, titled "From Rhetoric to Reason: Bringing Balance to Financial Regulations," in the section below.

"I'd like to be clear from the very start: I am not here to tell you that we need to repeal Dodd-Frank. But I am here to tell you that we need to make some changes.

Anyone who wants to paint a picture of Dodd-Frank in stark black and white terms is either not admitting the complexity of this issue, or is one of the bill's namesakes.

In fact-that's not even true. Senator Dodd gave a speech earlier this year and joked to the audience, "I did not want the bill named after me. My children are going to have to change their name."

He went on to admit that Dodd-Frank was what he called, "our best effort" given tight time constraints and a great deal of uncertainty in the market.

If Chris Dodd can acknowledge that regulations under Dodd-Frank could use some tweaking, I would hope that the Obama Administration and current Members of Congress can do the same."

Click here to read the rest of Chairman Lucas's comments to the U.S. Chamber of Commerce

2011 Drought in Pictures- A Corn Crop on Its Last Legs
While a few corn fields across the state have been able to progress towards producing a grain crop in 2011- the majority of Oklahoma's dryland corn looks similar to this field we captured in pictures on Tuesday, July 19 in northeastern Canadian County, between Piedmont and Edmond.

Just down the road, we saw a producer cutting a very similar corn field to get it ready to be baled. We'll talk a little more tomorrow about how our spring planted crops are doing with the extended dry weather we have been battling- at least from a north central/northwestern Oklahoma perspective as provided by Roger Gribble, OSU Extension area agronomist. We talked with Roger yesterday and will share his thoughts on our website later today and in our email tomorrow.

Click on the LINK below to jump over to the website and take a look at this parched and pretty well gone field of corn.

Click here to see the drought in action- dying corn in Central Oklahoma.

Cost Management is a Vital Part of a Successful Cow-Calf Operation
We talked with Kansas State University Livestock Economist, Kevin Dhuyvetter, about what factors make a cow-calf producer more profitable than another. Dhuyvetter says you can look at a few characteristics of the operations, such as how big is the operation, how diversified is the operation and how heavy are the cattle on the operation.

Of course, the biggest part of managing a cow-calf operation is proper cost management. Dhuyvetter says this proper cost management is important for running a successful operation. There are a lot of fixed costs with cattle operations and the costs are more important than income says Dhuyvetter.

Also, producers that are specializing and focusing more on their cattle, rather than a diversified operation with cattle and crops, are making more money says Dhuyvetter. However, Dhuyvetter also says that this recent report also confirms that the producer that is the most low cost producer has a better chance of being a high profit cow-calf producer.

Click on the LINK below to hear more from Kevin Dhuyvetter on the importance of cost management and how it can make your cow-calf operation more profitable.

Click here to check out today's Beef Buzz as well as a chance to see the full report on Cow Calf Profitability from K-State.

No-Till Conference Coming up This Week
The No-till Oklahoma is a conference designed to bring the latest developments in No-till cropping systems to interested farmers and ranchers from Oklahoma and surrounding states. A program of innovative speakers providing for maximum interaction between agriculture professionals ranging rom producers to industry experts.

The No-Till Oklahoma Conference will be held July 22 - 23, 2011 in Norman, Oklahoma. The conference hopes to provide topics for discussion by producers in Oklahoma in "General Sessions" but also through breakout sessions so participants can attend and participate in discussions that are of most importance to them.

Topics for the No-Till Conference include Fertility, Managing Soil Acidity, How, When, and Where to use Tissue Testing, Crop Production - No-till Cotton, Wheat, and Corn/Soybean, Intensifying the Rotation with Double Crops, Soil Biology, Intensified Management, Zone and Grid Soil Sampling, and Basic Soils.

Click here for more information from No-Till Oklahoma at Oklahoma State University

Cow Market Pipeline Clogged- Prices Fall
We have been hearing more and more reports of producers trimming back at least some of their mama cows in order to have enough feed left to feed those that remain on the ranch. That scenario has resulted in slaughter cow and bull markets to tumble.

At the Tuesday cow run at the Oklahoma National Stockyards, there were over 1,500 cows and bulls- and slaughter cow prices fell eight to twelve dollars a hundred compared to a week ago. The market reporters offered this bit of flavor on the Tuesday market situation- "The hot weather is finally taking a toll on the packer market as packing houses are unable to keep up with the onslaught of cows and bulls coming off of dry pastures."

Click here for the cow and bull report from Oklahoma City to see the actual prices as well as the trends.

Last week, there was over 2,700 head of cows and bulls in Woodward- prices there a week ago were slightly higher- when the report from yesterday comes out- it's likely to show a lower cow and bull market there as well this week compared to last.

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites 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- FREE!

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

Let's Check the Markets!
We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $12.98 per bushel, while the 2012 New Crop contracts for Canola are now available are $12.86 per bushel- delivered to local participating elevators that are working with PCOM.

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.

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

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