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 recent TV Commercial or call them at 1-800-256-2555.

We are also pleased to have as a 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 season- for more on Johnston Enterprises- click here for their website!
And we are proud to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!

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.

Oklahoma's Third District Congressman Frank Lucas told the Radio Oklahoma Network on Thursday that it was his understanding that three Oklahoma counties now have that designation- the three panhandle counties, which leaves State Secretary of Agriculture Terry Peach puzzled over what happened to the other counties that Governor Henry asked be included in that drought designation. Peach contends that all of the counties met the disaster threshold for harm- and should be allowed to be a disaster county which then opens up that valuable CRP grazing option.

There is a downside to the emergency CRP grazing offer from USDA. It costs producers a portion of their annual CRP rental payment- but if the choice is CRP forage- or nothing- that loss of payment may pencil out. The Beef Buzz is heard daily on great radio stations across the state of Oklahoma on the Radio Oklahoma Network. We also have many of our shows archived here on our website- and we have today's show for you to listen to below.

Click here for today's Beef Buzz Report from our website- WWW.OklahomaFarmReport.Com

Mark Hodges of the Oklahoma Wheat Commission told a group of wheat and canola producers in Oklahoma City yesterday that he fully expects the Oklahoma crop to be closer to 165 million bushels versus the 157.5 million bushels estimated one month ago.

In the supply demand numbers- soybean stocks may show further tightening in this month's report- while the experts expect Uncle Sam to cut old crop cotton export expectations. We invite you to go to our website after 9:00 AM this morning- and we will have coverage of the crop production and supply demand numbers for you to see and hear at that time- to get there- just follow the link below.

Click here and then click on our Top Story (after 9 AM) for the latest on the USDA crop reports of this Friday morning.

"Just a note about the milo crop in Garfield county. The early milo had the same to slightly more acres planted than last year. 90% of it looks excellent. It needed a rain as we were trying to head out last week and we received 1.5 inches Tuesday through Wednesday morning. It should head out fine. The emerged heads are huge like last years. The double-crop acres are several times more than anytime I can remember. It has a full moisture profile under it so it has great early potential. More acres would have been planted but there were not enough planters and no-till drills to get all of what people wanted in the ground. Planting was delayed some by the wet June we had. If it rains this summer/early fall the elevators will have to learn to handle a huge crop. There will need to be some education of farmers on cultural practices of planting on low pH soil, herbicide carryover restrictions, fertility and other best management practices."

Waterman projected that - U.S. refiners would immediately be faced with finding roughly 1.6 million barrels or 68 million gallons of gasoline per day. Waterman's comments were part of a post on a Web site maintained by the Renewable Fuels Association.

According to the posting, Waterman's insight presents the corollary to what many have recognized, the fact that corn-based ethanol has helped keep gasoline prices from being even higher, by reducing the amount of petroleum needed in the United States.

"Today as American families are feeling the financial strain of the food vs. fuel mandates resulting from corn-based ethanol, Congress must take a hard look at the recently enacted energy bill. Today's EPW hearing provided the Committee our first opportunity to get the facts on the implementation of the 2007 Energy Bill. In my home state of Oklahoma, many cattlemen, pork producers, and poultry producers are struggling with record high corn prices. The Committee needs to hear from the livestock producers, the corn growers, the ethanol producers, the states, the oil refiners, the economists, and others to fully understand and appreciate the consequences of this program. Today's hearing was a good first start, and I am hopeful that the Committee will respond to my request to schedule more hearings to further examine current RFS policies in the coming months.

"Despite the obvious drawbacks of today's massive corn-based ethanol mandates, I do support a role for both ethanol and other biofuels. The idea that we can grow and produce biofuels all over the country - not just in the Midwest - is something worth pursuing and that's why I support research into cellulosic and other biofuels. I am particularly pleased by the efforts taking place in Oklahoma by the Noble Foundation and its partners. By focusing on a broad range of biofuels, we can stimulate an industry that doesn't compete with other domestic agriculture. I have long said that America's energy supply should be stable, diverse, and affordable. I believe we must utilize all domestic energy resources. Through my leadership position on the Senate Environment and Public Works Committee, I have worked to craft legislation and conduct hearings to meet these goals. Developing and expanding domestic energy resources, like biofuels, will translate into energy security and will ensure stable sources of supply and well-paying jobs for Oklahomans and Americans."

You will notice a listing on the front page of the "Events coming up Soon" which allows you to see the next half dozen events coming up that are listed on our main calendar. You can also jump to the main calendar listing from that point as well. Scroll down to the month you are interested in- and then look through what is happening on the farm news scene.

For example- three of the major items on the calendar for next week includes Mid Year Meeting of the Cattle Industry in Denver, the Tuesday Kansas-Oklahoma Winter Canola Conference in Enid and the Big Three OSU Field Days on campus in Stillwater at Oklahoma State University.
We have the link direct to the calendar below- AND REMEMBER- let us hear from you when you have events that we should be adding to our calendar. We want this to be the most comprehensive listing of events in the state that can be found anywhere on the World Wide Web.

Click here for the Calendar on the New and Upgraded WWW.OklahomaFarmReport.Com

There's a big Oklahoma-Kansas Winter Canola Conference happening this coming Tuesday- and we caught up with Dr. Tom Peeper of OSU and asked him for a preview.

Click below and we will take you to the story found on our website.

Click here for details from Dr. Tom Peeper on the Tuesday Winter Canola Meeting.

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- 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.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.