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                      | 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.     Let's Check the 
                        Markets!    Today's 
                        First Look:   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.   Okla 
                        Cash Grain:   Daily 
                        Oklahoma Cash Grain Prices- as reported 
                        by the Oklahoma Dept. of Agriculture.   Canola 
                        Prices:   Current 
                        cash price for Canola is $11.23 per bushel-  2012 
                        New Crop contracts for Canola are now available at 
                        $11.38 per bushel- delivered to local 
                        participating elevators that are working with PCOM.   Futures 
                        Wrap:   Our 
                        Daily Market Wrapup from the Radio 
                        Oklahoma Network with Ed Richards and Tom Leffler- 
                        analyzing the Futures Markets from the previous Day.   KCBT 
                        Recap:  Previous Day's Wheat Market Recap- Two 
                        Pager from the Kansas City Board of Trade looks at all 
                        three U.S. Wheat Futures Exchanges with extra info on 
                        Hard Red Winter Wheat and the why of that day's 
                        market.    Feeder 
                        Cattle Recap:   The 
                        National Daily Feeder & Stocker 
                        Cattle Summary- as prepared by USDA.   Slaughter 
                        Cattle Recap:  The 
                        National Daily Slaughter Cattle 
                        Summary- as prepared by the USDA.   TCFA 
                        Feedlot Recap:   Finally, 
                        here is the Daily Volume and Price Summary from 
                        the Texas Cattle Feeders Association.   |  | 
                    
                    
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                            | Oklahoma's 
                              Latest Farm and Ranch News  
                                Your 
                              Update from Ron Hays of RON    
                              Friday, 
                              December 16, 2011 
                               |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
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                            |  Featured 
                              Story:Oklahoma 
                              Secretary of Ag Jim Reese Talks Castor Beans, 2011 
                              Drought and More    Earlier 
                              this week, the Oklahoma State Board of Agriculture 
                              unanimously approved a moratorium on the 
                              production of castor beans in the state. Oklahoma 
                              Secretary of Agriculture Jim Reese says the 
                              board's decision is intended to prevent farmers 
                              from growing castor beans on their farms. The 
                              Oklahoma state legislature is expected to outlaw 
                              the production of castor in its upcoming 2012 
                              session.
 This moratorium is only for the 
                              commercial production of castor beans says 
                              Secretary Reese. There is an exemption for those 
                              wishing to grow castor beans for gardening or 
                              ornamental purposes.
 
 We also talked with 
                              Secretary Reese about 2011 and how it was such a 
                              difficult year for farmers and ranchers across the 
                              state of Oklahoma. Secretary Reese says that 
                              having the hottest summer on record this past year 
                              severly damaged the summer crops and a majority of 
                              these crops were a loss.
 
 However, with a 
                              promising 2012 on the horizon, Secretary Reese 
                              says the perception of people across Oklahoma has 
                              changed mainly because of the recent rainfall. 
                              While some areas of the state are still dealing 
                              with the effects of the 2011 drought, Secretary 
                              Reese says the state as a whole has received some 
                              much needed rain.
 Click 
                              on the LINK below to hear the rest of our 
                              conversation with Secretary Jim Reese. Or you can 
                              watch Secretary Jim Reese this Saturday morning at 
                              6:40 a.m. during the In the Field segment on KWTV 
                              News 9. 
 Click here to listen to our 
                              conversation with Ag Secretary 
                              Reese.
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                            | Sponsor 
                              Spotlight   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.    It 
                              is also great to have as an annual sponsor on our 
                              daily email Johnston Enterprises- proud to 
                              be serving agriculture across Oklahoma and around 
                              the world since 1893. One of the great success 
                              stories of the Johnston brand is Wrangler 
                              Bermudagrass- the most widely planted true 
                              cold-tolerant seeded forage bermudagrass in the 
                              United States. For more on Johnston Enterprises- 
                              click here for their 
                              brand new website! |  
                          
                          
                            |  New 
                              Study Confirms Role of Beef in a Heart-Healthy 
                              Diet  In 
                              a first of its kind study, researchers at The 
                              Pennsylvania State University demonstrated that 
                              eating beef everyday as part of a heart-healthy 
                              diet can improve cholesterol levels. Texas medical 
                              doctor and cattleman Richard Thorpe said the Beef 
                              in an Optimal Lean Diet (BOLD) study proves what 
                              he has known for years - lean beef not only tastes 
                              great but it also plays an important role in a 
                              heart-healthy diet.
 "As a father, medical 
                              doctor and beef producer, I have proudly and 
                              confidently served my family beef and have 
                              recommended it to my patients for years," Thorpe 
                              said on behalf of the National Cattlemen's Beef 
                              Association (NCBA). "The BOLD study is further 
                              proof that Americans should feel good knowing the 
                              beef they enjoy eating and serving their loved 
                              ones is not only a nutrient-rich, satisfying food 
                              that provides 10 essential nutrients in about 150 
                              calories but is good for their heart health as 
                              well."
 
 The BOLD study, which was funded by 
                              the Beef Checkoff, will appear in the American 
                              Journal of Clinical Nutrition in January. The 
                              study followed 36 men and women with moderately 
                              elevated cholesterol levels who consumed four 
                              diets for five weeks each to measure the impact of 
                              each diet on heart health risk factors, such as 
                              LDL (bad) cholesterol levels.
   Click here for more information on 
                              this study and a heart-healthy 
                          diet. |  
                          
                          
                            |  Wheat 
                              Prices Drop and Latest WASDE Report is Out - and 
                              we have your SUNUP preview  The 
                              latest World Agricultural Supply and Demand 
                              Estimates Report has been released and wheat has 
                              dropped below $6.50 in Kansas City. Dr. Kim 
                              Anderson, Grain Marketing Specialist, takes a look 
                              at the change in prices and says that it is a 
                              significant change in the market.
 Anderson 
                              explains that over the last six weeks, there has 
                              been significant support of the $6.50 price and 
                              looking ahead it is difficult to tell how far it 
                              can fall from that $6.50 level. Anderson adds that 
                              this happened during the holiday season and the 
                              trading and volume is light, which is another item 
                              to take into account.
 
 As we look into 2012, 
                              Anderson predicts that we are going to continue to 
                              see weakness in prices, especially if we get those 
                              timely rains in Oklahoma, Texas and Kansas. 
                              Anderson says that there is a lot of wheat around 
                              the world and that is going to weigh heavy on the 
                              market.
 
 Click here to listen to Dr. Anderson 
                              and Austin Moore's conversation on the wheat 
                              market and for your SUNUP 
                              preview.
 
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                            |  Crop 
                              Insurance Companies Pay More Than $7.1 Billion in 
                              2011- and Counting  Crop 
                              insurance companies have paid out more than $7.1 
                              billion and climbing in claims so far this year, 
                              which makes 2011 second only to 2008's $8.6 
                              billion in the total value of indemnities paid out 
                              to farmers. The combination of several large-scale 
                              floods in the Central U.S., record droughts in the 
                              southern plains, a strong tropical storm in the 
                              Northeast and a hard freeze in Florida set the 
                              stage for the widespread agricultural losses. 
                              
 But what is the significance of this? The 
                              fact is that despite being one of the worst 
                              weather years in recent history, farmers had a 
                              policy backstop in place-crop insurance-to 
                              preclude major losses from natural disasters or 
                              market fluctuations that could lead to widespread 
                              bankruptcies and foreclosures.
 
 Over the 
                              years- Congress has made significant investments 
                              in crop insurance infrastructure, increasing the 
                              varieties of crops covered and policies available 
                              as well as augmenting resources to increase farmer 
                              participation. Crop Insurance supporters contend 
                              that they net result is a resilient and robust 
                              modern-day crop insurance safety net.
 
 Click here for more on this 
                              update about payouts of crop insurance in 
                              2011.
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                            |  DuPont 
                              and Rosetta Green Sign Research Agreement for 
                              Drought Tolerance in Corn and 
                              Soybeans  DuPont 
                              and Rosetta Green Ltd. have entered into a 
                              strategic research agreement to identify drought 
                              tolerance genes in corn and soybeans.
 Under 
                              the agreement, Rosetta Green will use proprietary 
                              technology and bioinformatics capabilities to 
                              identify microRNAs. DuPont, through its Pioneer 
                              Hi-Bred business, will test candidate genes in 
                              target crops. Pioneer will have an exclusive 
                              commercial license for genes identified through 
                              this collaboration which will improve drought 
                              tolerance in corn and soybeans for farmers. 
                              Financial terms of the agreement were not 
                              disclosed.
 
 "Drought can lead to losses for 
                              corn growers of up to $13 billion annually," said 
                              John Bedbrook, vice president, DuPont Agricultural 
                              Biotechnology. "We are pleased to collaborate with 
                              Rosetta Green to identify new genes leads which 
                              can help farmers protect yield and feed a growing 
                              population, and build on our strong pipeline of 
                              leads for drought tolerance."
 
 Click here for more information on 
                              this agreement between DuPont and Rosetta 
                              Green.
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                            |  Fertilizer 
                              Institute Applauds USDA Revised Nutrient 
                              Management Standard  The 
                              Fertilizer Institute (TFI) commended the United 
                              States Department of Agriculture (USDA) Natural 
                              Resources Conservation Service (NRCS) for 
                              embracing 4R nutrient stewardship (the right 
                              nutrient source at the right rate, the right time, 
                              and in the right place) at the national level with 
                              its December 13 release of the national 
                              conservation practice standard for nutrient 
                              management.
 "We are extremely pleased with 
                              USDA/NRCS' call for 4R nutrient stewardship as 
                              part of a sustainable agricultural system," said 
                              TFI President Ford West. "Agriculture is being 
                              asked to maintain profitable farm economics, while 
                              meeting the increased product demands of a growing 
                              population and responding to increased scrutiny of 
                              land and resource management and the 4R's are key 
                              to addressing challenge."
 
 4R Nutrient 
                              Stewardship is an innovative and science-based 
                              approach to fertilizer best management practices 
                              (BMPs) to help achieve agricultural 
                              sustainability. The 4Rs imply there are four 
                              aspects to every fertilizer application and it 
                              provides a simple framework to assess whether a 
                              given crop has access to the necessary nutrients. 
                              Asking "Was the crop given the right source at the 
                              right rate, the right time, and in the right 
                              place?" helps identify opportunities to improve 
                              fertilizer efficiency and prevent nutrient 
                              movement from each field. The four aspects of this 
                              system for fertilizer management are 
                              interconnected, and none of the four can be right 
                              when any one of them is wrong.
 
 Click here for more on USDA's revised 
                              nutrient management 
                          standard.
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                            |  This 
                              & That- Drought Lingers- and Looking 
                              Ahead    While 
                              we have had a much wetter fall than we anticipated 
                              as we looked this direction back in late August- 
                              the fact remains that a significant part of the 
                              state remains in drought conditions- mainly 
                              because of the lack of moisture down in the soil 
                              profile. There are exceptions- and the amount of 
                              the state that has broken out of drought will 
                              likely take another jump higher this coming week 
                              in the next Drought Monitor, as the southeastern 
                              third of the state has had really good rains in 
                              the last few days.     We 
                              have the graphic for the latest Drought Monitor 
                              Index for the state on our website- click here to jump over and take a 
                              look- and it reflects the exact same numbers 
                              of relative drought as a week earlier.  About 
                              86% of the state remains in moderate drought or 
                              worse as of early this week. However, the amount 
                              of the state under exceptional drought is well 
                              under what we saw three months ago- when 69% of 
                              the state was in exceptional drought- today that 
                              number is 2%.        A 
                              reminder that we have a Cattle on Feed Report that 
                              will be our this afternoon- 2 PM central- we will 
                              have details of the report including analysis of 
                              the numbers with Tom Leffler on our website later 
                              on Friday afternoon- and we will have that in our 
                              Monday email as well. ALSO- we 
                              would invite you to stop by and take a look at our 
                              website on a regular basis as we usually have 
                              several other stories posted that are not in this 
                              email- for example- we spotlight Louise Rigdon of 
                              Blackwell, Okla in a story about National 
                              Sorghum Checkoff Board members that are ending 
                              their service to the industry at the end of the 
                              month- and we have our Thursday Beef Buzz posted that 
                              offers some tips for Bull Buying for those who 
                              will be wanting to improve the genetics of their 
                              cow herd in the new year.   Go to OklahomaFarmReport daily and 
                              you'll find even more agricultural information 
                              that can help you stay on top of what's going on 
                              in the world of agriculture. 
                            |  
                          
                          
                            |  Experience 
                              the Best in Italian Dining at Luigi's Italian 
                              Restaurant in Ardmore  Luigi's 
                              Italian Restaurant in Ardmore, Okla., continues 
                              the Legendary Restaurants of Oklahoma this week. 
                              Known for the best in authentic and traditional 
                              Italian dining, Luigi's Italian Restaurant serves 
                              up some of the most delicious and traditional 
                              dishes. Geno Abazcha, owner of Luigi's Italian 
                              Restaurant, says the family owned and operated 
                              restaurant started with his uncle. After working 
                              under his uncle for about six years, Abazcha 
                              bought the restaurant and has continued on with 
                              the same traditions and recipes ever since. Not a 
                              typical chain restaurant, Luigi's has authentic 
                              cooks that make the best house specialties like 
                              Chicken Pomodoro, Veal Marsala or Luigi's Special, 
                              which is chicken and sausage served on a bed of 
                              spaghetti with a white wine cream sauce and 
                              veggies.    Click here to purchase your two $25 
                              vouchers to Luigi's for only $25!   Karolyn 
                              Bolay talked with Geno Abazcha, owner of Luigi's, 
                              more about their restaurant and the history behind 
                              it. Click here to listen to their 
                              conversation.
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                               phone: 405-473-6144  
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