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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 $11.35 per bushel-  2012 
                        New Crop contracts for Canola are now available at 
                        $11.58 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    
                              Wednesday, January 
                              18, 
                            2012  |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            |  Featured 
                              Story: Deal With Wheat Nutrient 
                              Needs Now- So Says Dr. Brian Arnall of 
                              OSU
    With 
                              the calendar now saying January, it's time to 
                              really take a hard look at top dressing your 
                              winter wheat crop, according to Dr. Brian Arnall 
                              of Oklahoma State University. As we go through the 
                              limited growth winter season, we need to prepare 
                              for the high nutrient demands of the 2012 crop 
                              when it breaks dormancy. 
 
 Arnall says 
                              that if you soil tested back in late summer before 
                              rains came and started to break down your crop 
                              residue from this last growing season- the higher 
                              nitrogen levels you saw on your fields then may be 
                              all but gone now if you got fall rains which 
                              allowed your winter wheat to take off and get 
                              established. He says the problem is that crop 
                              residue- once it starts breaking down- can absorb 
                              a lot of available nitrogen, which drops fertility 
                              levels for the wheat you are trying to grow.
   Click here for the rest of our story 
                              as found on our website this morning- and a 
                              chance to listen to our full conversation with 
                              Brian about wheat nutrient needs- and also about 
                              the value of the nitrogen strips planted by many 
                              producers this past fall- Arnall says they have 
                              proven to be invaluable.       |  
                          
                          
                            | Sponsor 
                              Spotlight   
                              We are pleased to have 
                              American Farmers & Ranchers Mutual 
                              Insurance Company as a regular sponsor of our 
                              daily update- click here to go to their AFR website to 
                              learn more about their efforts to serve rural 
                              America!  And remember that the 2012 American 
                              Farmers & Ranchers Convention is just around 
                              the corner- to be held Feb. 17th & 18th, at 
                              the Embassy Suites Hotel & Conference Center 
                              in Norman.     And we are 
                              proud to have P & K Equipment/ P & K 
                              Wind Energy as one of our regular sponsors of 
                              our daily email update. P & K is the premiere 
                              John Deere dealer in Oklahoma, with ten locations 
                              to serve you, and the P & K team are excited 
                              about their new Wind Power program, as they offer 
                              Endurance Wind Power wind turbines. Click here for more from 
                              the P&K website. 
                                  |  
                          
                          
                            |  Eastern 
                              Oklahoma Lawmakers to Offer Bill Calling for Vote 
                              for Any Out of State Water Sale    State 
                              Sen. Jerry Ellis (D-Valliant) and state Rep. Eric 
                              Proctor (D-Tulsa) are authoring "The People's 
                              Water Act," which would give the people of 
                              Oklahoma the ultimate say in any water deals made 
                              with other states. 
 
 Currently the 
                              Legislature must approve all water agreements with 
                              other states but the proposed law would also 
                              mandate that the final decision be made by the 
                              people of Oklahoma.
 
 
 "Oklahoma's water 
                              policy decisions should rest with our state's 
                              people. This choice should be made by Oklahomans, 
                              not by any federal court and definitely not by the 
                              State of Texas," Proctor said. "Far too often 
                              politicians look to the next election rather than 
                              to the next generation. This bill would take the 
                              power from special-interest groups and high-paid 
                              lobbyists and give the final decision to the 
                              people of Oklahoma."
     Click here for more on this 
                              story- and we remind you that this will be one 
                              of many water related pieces of legislation that 
                              will be out there this coming state legislative 
                              session.     |  
                          
                          
                            |  Job 
                              One in Washington for Cattlemen is Estate Tax 
                              Deal    While 
                              the 2012 Cattle Industry Convention is still a 
                              couple of weeks away, the top NCBA priority for 
                              this year is expected to be estate tax 
                              reform.
 
 According to NCBA Manager of 
                              Legislative Affairs Kent Bacus, the estate tax, 
                              commonly referred to as the death tax, is one of 
                              the leading causes of the breakup of 
                              multi-generation family farms and ranches. In 
                              December 2010, Congress passed temporary estate 
                              tax relief effective through Dec. 31, 2012. For 
                              now, estates worth more than $5 million per 
                              individual or $10 million per couple are taxed at 
                              a 35 percent rate.
 
 
 Bacus says that 
                              movement on this issue is imperative- that 
                              reverting to a million dollar exemption is simply 
                              not an option. Getting Congressional action during 
                              this contentious Prsidential election year will be 
                              difficult, but Bacus says that NCBA is hopeful 
                              that with a lot of grass roots involvement, a deal 
                              can be done.
   Bacus 
                              is our guest on the Beef Buzz, a regular look at 
                              beef issues as heard on great radio stations all 
                              across the state of Oklahoma on the Radio Oklahoma 
                              Network.  Click here to jump over to our 
                              website and a chance to hear this edition of 
                              the Beef Buzz to gain some insights into the Death 
                              Tax battle that may be ahead in 2012.       |  
                          
                          
                            |   A 
                              War of Attrition- A Look At What Record Cattle 
                              Prices May Mean     Cattle 
                              prices are at record high levels and will push 
                              even higher in 2012 and beyond. According to OSU 
                              Extension Livestock Market Economist Dr. Derrell 
                              Peel, retail beef prices are increasing and will 
                              push higher but it is uncertain how much and how 
                              fast. These conditions ensure that margins for 
                              various sectors in between will continue to be 
                              squeezed and some sectors of the beef industry 
                              will face difficulties in the coming months. 
                              
 
 Retail beef prices increased through 
                              the year of 2011 but it wasn't until the fourth 
                              quarter of the year that beef production dropped 
                              sharply. Anticipated decreases in beef production 
                              in 2012 mean that retailers will be challenged to 
                              keep retail prices on pace with boxed beef and 
                              live cattle prices. Retailers are always reluctant 
                              to increase retail prices too fast or too much and 
                              retail margins are likely to be squeezed in the 
                              transition. Packers have already faced limited 
                              margins as fed cattle prices increased faster than 
                              boxed beef prices. Packers experienced poor 
                              margins much of the fourth quarter of 2011. 
                              Packers have the additional challenge of not 
                              operating at efficient capacities in the face of 
                              declining cattle numbers. That challenge will 
                              increase as feedlot marketings decrease in 2012.
 
 
 Feedlots face perhaps the toughest 
                              challenge of all. High feeder cattle prices and 
                              high feed costs will likely more than offset 
                              record fed cattle prices and result in negative 
                              operating margins much of the time for the 
                              foreseeable future. Feeder cattle supplies will 
                              continue to tighten and may decrease dramatically 
                              if the drought abates and heifer retention 
                              accelerates. Feeder supplies will be tighter in 
                              2012 and may not reach the tightest level until 
                              2013 or beyond.
   Click here to read the rest of the 
                              analysis from OSU's Dr. Derrell Peel.     |  
                          
                          
                            |  NFU 
                              Policy Committee Working This Week on 
                              Recommendations for 2012 
                              Convention    The 
                              National Farmers Union (NFU) Policy Committee is 
                              meeting in Washington, D.C., this week to begin 
                              revising the organization's policy. This year's 
                              committee is comprised of Dan McGuire of Nebraska 
                              (chairman), John Daughenbaugh of Colorado, Jeff 
                              Eschmeyer of Ohio, Sarah Lloyd of Wisconsin, 
                              Jeremy Scherler of Oklahoma, 
                              David Teigen of North Dakota, and Gail Temple of 
                              South Dakota. States are represented on the policy 
                              committee on a rotating basis. Last year's Policy 
                              Committee of the NFU was chaired by Paul Jackson 
                              with American Farmers & Ranchers.   Oklahoma 
                              maintains a seat on the policy committee again 
                              this year- the seat held by Jeremy Scherler of 
                              Walters. Jeremy and his wife Joey, operate the 
                              family farm and ranch, which consists of 
                              2,000 acres where wheat, cotton and cattle are 
                              grown. He also has a custom harvesting operation 
                              and owns the local AFR insurance agencies in 
                              Cotton and Stephens Counties.  
                                  "The 
                              Policy Committee members are essential to NFU, as 
                              they are tasked with the huge responsibility of 
                              helping to create the grassroots policy that we 
                              advocate for during the course of the year," said 
                              NFU President Roger Johnson. "This is particularly 
                              critical this year, as we discuss policy regarding 
                              the 2012 Farm Bill. We only get the opportunity to 
                              shape the federal farm policy once every few 
                              years, so we must make sure that we focus our 
                              efforts on the portions of the farm bill that will 
                              most benefit our members."   Click here to read more about the NFU 
                              policy making process- which ultimately 
                              culminates with delegate discussion at their 
                              national meeting in Omaha, Nebraska in early 
                              March.     
                                |  
                          
                          
                            |  Prescribed 
                              burning aids producers in land management    The 
                              Samuel Roberts Noble Foundation will host an 
                              educational workshop on the benefits and proper 
                              use of prescribed burning for land 
                              management.
 
 The Prescribed Burning 
                              Workshop, which is open to the public, will be 
                              held from 8 a.m. to 5 p.m., Tuesday, Jan. 31, at 
                              the Noble Foundation Kruse Auditorium in 
                              Ardmore.
 
 
 "Prescribed burning is a 
                              tremendous tool in land resource management, but 
                              it must be used in a safe and proper manner to be 
                              effective," said Ken Gee, wildlife research 
                              consultant. "This workshop is designed to 
                              introduce participants to the various aspects of 
                              burning, teach them how to conduct a safe burn and 
                              give them hands-on experience in a controlled 
                              setting."
   Click here for more about the 
                              workshop and for details about how to register 
                              and be a part of the day's program.     |  
                          
                          
                            |  Bits 
                              and Pieces- Cattlewomen Promoting- and US Wheat 
                              Loses a Good One    We 
                              had a note on Tuesday from Tammi 
                              Didlot, the current President of the 
                              Oklahoma Cattlewomen with a quick update/invite 
                              for those that may be planning on attending the 
                              Oklahoma City Home and Garden Show this weekend- 
                              "The Oklahoma CattleWomen are going to be 
                              out at the Oklahoma Home & Garden Show this 
                              Saturday the 21st from 11:00 am - 2 pm. We have 
                              Casey Campbell from the OSU Extension office doing 
                              food safety session while demoing the Oklahoma and 
                              National Beef Cookoff Recipe Winners. Following 
                              Casey at 1:00 we will have Capt. Jere Korthanke 
                              doing a kitchen fire safety session. Look for the 
                              white chef coats and red scarves and you will find 
                              the volunteer CattleWomen helping with these 
                              demonstrations and handing out good beef 
                              information."        After 
                              22 years managing wheat export market development 
                              in the Middle East, East and North Africa for U.S. 
                              Wheat Associates (USW), Regional Vice President 
                              Dick Prior has announced that he 
                              will retire later this year. Prior will be 
                              replaced by Mark Samson, who is returning to USW 
                              after serving in Singapore as Regional Vice 
                              President, South Asia, from 1997 to 
                              2009.  Click here for more on the retirement 
                              of this legend in the wheat industry- Dick 
                              Pryor.        |  |  
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                            |     God Bless! 
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                               phone: 405-473-6144   |  |  |