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