From: Ron Hays [] on behalf of Ron Hays []
Sent: Friday, July 22, 2011 6:17 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 Friday July 22, 2011
A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Research Shows Improved Return on Fossil Energy for Biodiesel
-- Dr. Kim Anderson discusses Drought Impact on Corn and Wheat Prices- and we have your SUNUP preview
-- 2011 Drought in Pictures- the Latest Drought Monitor for Oklahoma
-- Oklahoma Steer Feedout Program Beneficial to Cow-Calf Producers
-- National Cattlemen's Beef Association says Overregulation Still Top Concern in Rural America
-- Federal Reserve Bank Releases Agricultural Finance Databook
-- In The Field This Week- and Calendar Items Galore
-- 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 ofthe recent 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.

Research Shows Improved Return on Fossil Energy for Biodiesel
Americans can feel more confident than ever in biodiesel's ability to meet today's energy needs without sacrificing the ability of future generations to do the same. A new study shows production continues to be astonishingly energy-efficient in making biodiesel for diesel vehicles and home heating, demonstrating its long-term sustainability.

Newly published research from the University of Idaho and U.S. Department of Agriculture shows that for every unit of fossil energy needed to produce biodiesel, the return is 5.54 units of renewable energy. This energy-in, energy-out ratio is called "energy balance" or "fossil energy ratio."

"This study shows the clear trend that biodiesel production continues to improve when it comes to efficient use of resources," said Don Scott, director of sustainability for the National Biodiesel Board. "No other fuel available in the U.S. comes close to such a high energy balance."

Scott noted the most recent data available for this study was from 2006. "Using data from 2009 or 2010 would likely show an even greater gain in energy efficiency," he said.

Biodiesel, made from agricultural co-products and byproducts, has always had a relatively high energy balance. This is partly because the main energy source used to grow crops is the sun, which is "free energy."

The U.S. Department of Energy and USDA completed the first comprehensive life cycle assessment for biodiesel produced in the U.S. in 1998. That study found a 3.2 - to - 1 energy balance. The energy inventory for this analysis was updated in 2009 using 2002 data, finding the ratio had improved to 4.56 - to - 1.

Click here for our webstory and a link to the full report from University of Idaho and USDA.

Dr. Kim Anderson discusses Drought Impact on Corn and Wheat Prices- and we have your SUNUP preview
Grain Marketing Specialist from Oklahoma State University, Dr. Kim Anderson discusses a variety of topics including the drought impact on corn supplies and prices, looks at how corn and wheat markets are related and provides perspective on this week's successful Winter Canola Conference. All of these topics are covered by the Grain marketing guru in his weekly visit with Lyndall Stout, hostess of SUNUP. Anderson says the drought has helped improve corn prices and soft red winter wheat prices because of the likelihood of reduced production this season.

Anderson says there probably are 92 million acres of corn that have been planted, however, not that many acres may be harvested because of the heat wave and drought. Also, total production will also probably be less than what the USDA is currently projecting, which is about 13.4 to 13.5 billion bushels of corn, says Anderson.

While corn prices are supporting the current prices for soft red winter wheat, Anderson says the USDA predictions will be adjusting as we come into the August report and move into August and September. Anderson's advice for producers on dealing with the drought is to plan on getting a crop in, plan on raising those cattle and plan on making a profit.

Click on the LINK below to hear the rest of Dr. Anderson and Lyndall Stout's conversation on the drought and heat wave impact on corn and wheat prices- and his update on the Winter Canola Conference.

Click here for more from Dr. Kim Anderson and your SUNUP preview

2011 Drought in Pictures- the Latest Drought Monitor for Oklahoma
Drought conditions changed little in the latest week across Oklahoma- with just over 42% of the state now considered to be in Exceptional Drought- or D4. The LINK below takes you to our webstory with the Oklahoma Drought Monitor graphic- plus a link over to the National Graphic.

Long term- Gary McManus, Associate State Climatologist with the Oklahoma Climatological Survey says the forecast down into the fall is not good- if you're looking for a break in the drought conditions. McManus tells us that "Drought is expected to persist or intensify over most of Oklahoma through October 31."

The Climate Prediction Center says the bottom line for our part of the world- "continued drought persistence is likely."

We have mentioned before about both the Prediction Center people as well as folks like Travis Meyer saying that our best hope for short circuiting this drought is a nice healthy tropic system- a Hurricane if you please. Unfortunately, nothing seems to be moving in the tropics right now that could be potentially helpful to us.

Click here for the Oklahoma graphic of the latest National Drought Monitor- and links back to the National overview.

Oklahoma Steer Feedout Program Beneficial to Cow-Calf Producers
The Oklahoma Steer Feedout Program is an educational program that allows cattle producers to have a taste of the feedlot world, while still learning more about their cattle.

Greg Highfill, Oklahoma State University Livestock Extension Specialist, heads up the program and says it not only benefits the producer in the lot, but also in the packing plant. Highfill also says it allows producer to produce quality cattle that have a high cutability and high quality carcass in the packing plant.

Cattlemen's Choice Feedyard, near Gage, Okla., has fed many of the cattle involved in the Oklahoma Steer Feedout Program over several years. Dale Moore, with the Cattlemen's Choice Feedyard, says they help the program participants as much as any customer by providing them the full line of carcass data. Moore says the program really helps producers to get a feel for what their cattle would do in a feedlot situation.

The Angus folks have produced a YouTube overview about this program- and we have it linked on our website- you can check it out by clicking on the LINK below.

Click here for our story spotlighting the Oklahoma Steer Feedout- complete with a great Youtube about the program.

National Cattlemen's Beef Association says Overregulation Still Top Concern in Rural America
The U.S. debt ceiling continues to dominate debate in Washington, D.C., this week. A great deal of the discussion hinges on job creation and fiscal responsibility. However, National Cattlemen's Beef Association (NCBA) Vice President of Government Affairs Colin Woodall said more attention should be given to curbing the administration's onslaught of "burdensome, costly and scientifically unfounded" regulations as a way to cut spending and prevent further job loss in rural America.

"There are so many factors being overlooked inside the Beltway that could stimulate the economy, create jobs and assist in reducing wasteful, unnecessary spending. The administration would minimize, if not eliminate, the risk of pushing farmers, ranchers and small businesses out of business if needless, costly regulations were never proposed. This is a real threat and one that needs to be addressed during spending debates," said Woodall.

Several members of Congress, including Congresswoman Kristi Noem (R-S.D.), agree that overregulation is a costly concern for farm and ranch families.

"When I ask South Dakota producers what is the number one thing we can do in Washington, D.C., to help create jobs and grow our agricultural economy, the answer is simple: Give us more regulatory certainty," said Rep. Noem. "Not knowing what threatening regulation might be coming down the line from the Environmental Protection Agency (EPA) dampens any small business owner's appetite for expanding their operation or hiring another employee. I believe it is essential that we stop the job-destroying overreach of the EPA, so we can give our producers the certainty they need to create jobs and grow our economy."

Click here to watch NCBA's video "Regulatory Train Wreck"

Federal Reserve Bank Releases Agricultural Finance Databook
The Federal Reserve Bank of Kansas City recently released the latest Agricultural Finance Databook.

Spurred by higher input costs, agricultural lending activity increased in the second quarter, according to the Federal Reserve System's Agricultural Finance Databook.

After contracting at the beginning of the year, the total volume of farm loans at commercial banks ticked up as farmers and feedlot operators borrowed to pay for higher priced fuel, fertilizer and feed during the second quarter. Higher input costs increased the size of individual farm loans, supporting stronger loan growth at larger agricultural banks.

In contrast, intermediate-term loans for machinery and equipment purchases contracted during the second quarter. With rising input costs, farm income expectations eased and capital spending in the farm sector cooled. As a result, loan volumes for farm machinery and equipment dropped below year-ago levels, shrinking loan portfolios at small and mid-sized agricultural banks.

Despite higher costs for farm inputs, profits at agricultural banks strengthened in the first quarter, tripling the rate of return at other small banks. Still, a first quarter uptick in farm loan delinquency rates poses a slight risk to future profits.

Click here to read a full copy of the Agricultural Finance Databook

In The Field This Week- and Calendar Items Galore
This Saturday morning, our guest is scheduled to be Dana Bessinger of the Oklahoma Ag in the Classroom program- Dana will catch us up on the just concluded bus tour of 46 school teachers across northcentral and northeast Oklahoma- and will preview the state Ag in the Classroom conference that happens next weekend. Watch Dana and yours truly on Saturday morning around 6:40 AM on KWTV, News9 in Oklahoma City.

Oklahoma State University will be hosting a pair of Ag Technology Field Days this coming week- one in Afton on July 25th- and then a second event on July 26 in Kingfisher. Presentation topics will feature precision nutrient management, ag technology and weed management, and GPS for surface water management.

Also this coming week is the 2011 Oklahoma Cattlemen's Association Convention and Trade Show- Thursday through Saturday July 28-30. Keynote speaker next Friday at the OCA meeting will be Phil Seng, the President and CEO of the US Meat Export Federation- talking about the expanding global market for US beef. Click here for the full program for the OCA Convention that is once again planned for the Reed Center in Midwest City.

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Oklahoma Mineral Buyers 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 $12.95 per bushel, while the 2012 New Crop contracts for Canola are now available are $12.90 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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