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                        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 $11.73 per bushel-  2012 
                        New Crop contracts for Canola are now available at 
                        $12.00 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    
                              Tuesday, February 7, 
                              2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            |  Featured 
                              Story:Your Links to 
                              Governor Mary 
                              Fallin's Proposals From Her State of the 
                              State Speech on 
                              Monday     Governor 
                              Mary Fallin presented a wide ranging set of ideas 
                              and budget specifics in her 2012 State of the 
                              State address, which served as the official 
                              kickoff for the 2012 Legislative session 
                              yesterday.    Here's 
                              a listing of links that will navigate you around 
                              the Governor's Proposals:   A 
                              full text of the governor's speech can be 
                              read by clicking here.   A 
                              PDF of the governor's budget is available by clicking here. In reviwing the 
                              budget- we see most state agencies, including the 
                              Oklahoma Department of Agriculture and the 
                              Conservation Commission as having a flat budget in 
                              FY2013 versus the current budget year.     Oklahoma's 
                              economy (click 
                              here for a one-page 
                              report)    "In 
                              2011, the state of Oklahoma had a net increase of 
                              41,600 jobs.      "Our 
                              job growth rate ranks 3rd among all 
                              states.     "At 
                              6.1 percent, our unemployment rate continues to be 
                              one of the lowest in the country.       The 
                              "Oklahoma Tax Reduction and Simplification 
                              Act" (click 
                              here for a one-page 
                              report)   "Today 
                              I'm asking our lawmakers to join me in an 
                              ambitious and exciting undertaking: the passage of 
                              a bold tax reform plan that will represent the 
                              most significant tax cut in state history. 
                                 "The 
                              Oklahoma Tax Reduction and Simplification Act will 
                              immediately cut income taxes for Oklahomans in all 
                              tax brackets, simplify the tax code, and chart a 
                              course towards the gradual elimination of the 
                              income tax.   "It 
                              will give Oklahoma the lowest income tax rate in 
                              the region besides Texas, making us a more 
                              competitive state for those looking to move jobs 
                              here.      "Over 
                              time, our income tax would be phased out for every 
                              Oklahoman.      Energy 
                              Efficiency (click 
                              here for a one-page 
                              report)     Improving 
                              Oklahoma's transportation 
                              infrastructure (click 
                              here for a one-page 
                              report)   Increasing 
                              government efficiency, eliminating waste and 
                              "right-sizing" government (click 
                              here for a one-page 
                              report)      Education 
                              and workforce development (click 
                              here for a one-page 
                              report) |  
                          
                          
                            | 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! Remember, the annual convention of the 
                              American Farmers & Ranchers comes up in 
                              February at the Embassy Suites Hotel in 
                              Norman.         We 
                              are proud 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.        |  
                          
                          
                            |  Drought 
                              Gradually Slipping Away as La Nina Ending- Art 
                              Douglas Audio from Cattlefax 
                              Outlook    Drought 
                              has hung on in a lot of the state of Oklahoma as 
                              last week's Drought Monitor showed that 66% of 
                              Oklahoma was still in a moderate to exceptional 
                              drought. That number could shrink further. as 
                              soaking rains hit across northwestern and north 
                              central Oklahoma at the end of last week- many 
                              locations receiving two to three inches of 
                              rainfall. 
 Worries about being dry 
                              this spring continues to be the coffee shop talk 
                              in many western counties. However, Dr. Art 
                              Douglas, retired professor from Creighton 
                              University, predicted this past Friday at the 2012 
                              Cattlefax Market Outlook Conferece (that is a 
                              regular part of the annual Cattle Industry 
                              Convention) that La Nina is rapidly winding down- 
                              and in fact he sees the momentum picking up for an 
                              El Nino event later this year.
 
 That could 
                              push the jet stream further south and keep rain 
                              making systems rolling across Oklahoma and Texas 
                              often enough to push back these last stubborn 
                              areas of drought in both Oklahoma and 
                              Texas.
 
 We have maps showing the last thirty 
                              days of rainfall in the state- the most recent 
                              Drought Monitor as well as the full audio 
                              presentation from Dr. Douglas on our website- 
                              waiting for you to check out. Click here to jump to that page to 
                              get Dr. Douglas' full explanation of La Nina 
                              ending and El Nino looming.
 |  
                          
                          
                            |  Feeder 
                              Cattle Numbers Shrinking- Feedlot Inventories to 
                              Follow Suit    Extension 
                              Livestock Market Economist Dr. Derrell Peel of 
                              Oklahoma State University says that the market may 
                              be running out of tricks to keep the pipeline full 
                              of feeder cattle.    According 
                              to Dr. Peel. one important issue is the 
                              implication for feeder cattle supply in 2012. The 
                              January 1 estimate of feeder cattle outside of 
                              feedlots is 25.85 million head, down 1.06 million 
                              head (3.9 percent) from one year ago. Remember 
                              that the feeder supply last year was down 2.9 
                              percent from 2010. In total, the U.S. feeder 
                              cattle supply has dropped 1.85 million head or 6.7 
                              percent in the past two years. However, the 
                              January 1, 2012 Cattle on Feed inventory was 14.12 
                              million head, up nearly one percent from the 
                              previous year. Moreover, the feedlot inventory on 
                              January 1, 2011 was up 2.7 percent from 2010. The 
                              point is that feedlots have done a remarkable job 
                              of maintaining feedlot inventories but only at the 
                              expense of future feeder cattle supplies. It seems 
                              less and less likely that this can 
                              continue. 
 Dr. Peel drills deeper on 
                              this subject in this week's analysis that comes 
                              from the weekly electronic newsletter- Cow Calf 
                              Corner. Click here to read his full 
                              take on this aspect of our current 2012 
                              situation in the US Beef Cattle Marketplace.
     |  
                          
                          
                            |  Be 
                              Watching for NASS Survey on Planting Intentions 
                              Later in February    How 
                              will the uncertain economy affect U.S. farmer's 
                              planting intentions in 2012? How many acres of 
                              corn do farmers intend to plant this growing 
                              season? The March Agricultural Survey conducted by 
                              the U.S. Department of Agriculture's National 
                              Agricultural Statistics Service (NASS) will survey 
                              82,000 U.S. farmers in March 2012 to ask such 
                              questions about farmers' plans for the 2012 
                              season.
 
 "Each year, the agricultural 
                              industry watches for the results of the March 
                              Agricultural Survey, which provides the first 
                              official estimates of U.S. farmers' planting 
                              intentions for 2012," said Wilbert Hundl, director 
                              of the NASS Oklahoma Field Office.
 
 
 NASS will mail the survey 
                              questionnaire in late February, asking producers 
                              to provide information about the types of crops 
                              they intend to plant in 2012, how many acres they 
                              intend to plant, and the amounts of grain and 
                              oilseed they store on their farms. NASS encourages 
                              producers to respond via the Internet but also 
                              welcomes mail or fax responses and offers 
                              non-responding producers the opportunity for a 
                              telephone or personal interview.
   Click here for more details of this 
                              survey that will be landing out in farm 
                              country later this month.        |  
                          
                          
                            |  Case 
                              IH Launches Field of Deals Sweepstakes    As 
                              part of its Field of Deals sales event, Case IH is 
                              sponsoring a sweepstakes where one lucky grand 
                              prize winner will receive a 2012 Ram truck, plus 
                              free fuel for one year. Case IH customers and 
                              prospects are encouraged to visit their local Case 
                              IH dealer and enter for a chance to win.   We 
                              had the chance to talk with Scott Rasch, Director 
                              of Public Relations for Case, about the Field of 
                              Deals promotion this past week in the Trade Show 
                              at the Cattle Industry Convention and Trade Show 
                              in Nashville.    Click here to jump over to our 
                              webstory for more on the deals available- and 
                              a chance to hear our conversation with Scott Rasch 
                              who offers a lot of the details about how you can 
                              save- and how you can register to be in the 
                              running for that brand new Dodge RAM truck.     |  
                          
                          
                            |  Cash 
                              Cattle Market Finished Lower This Past Week- Our 
                              Weekly Audio Analysis with Ed 
                              Czerwin    This 
                              past week we saw $1 to $2 lower cash cattle trade 
                              both on live and dressed deals, again with a 
                              relatively low volume of sales. The weekly boxed 
                              beef trade had the choice cuts lower also. Ed 
                              Czerwin with the USDA Market News Office in 
                              Amarillo, Texas has the details in his weekly 
                              analysis available on Monday afternoons.   Click here to jump to our 
                              webpage and your chance to take a listen 
                              to Ed's detailed look at the boxed beef trade, far 
                              cattle and more.      |  
                          
                          
                            |  Kay-Noble 
                              Counties Women in Ag Conference Set for This 
                              Thursday    Kay 
                              and Noble County Conservation Districts and their 
                              respective Natural Resources Conservation Service 
                              (NRCS) and Farm Service Agencies (FSA) are joining 
                              together with the USDA Risk Management Agency to 
                              hold their fifth Women in Agriculture 
                              Conference this coming 
                              Thursday, February 9, 2012 from 8:30am to 
                              3:00pm in the Renfro Center on the Northern 
                              Oklahoma College campus in Tonkawa. The theme will 
                              be "Denim and Lace." The conference will recognize 
                              the many roles that women play in today's 
                              agricultural community and provide these women 
                              with management skills that are needed to make 
                              informed business and family decisions. 
   The 
                              folks who run this conference have asked me to be 
                              their keynote speaker that morning- and we will be 
                              offering some ideas about how to best tell 
                              agriculture's story. We look forward to seeing 
                              many of you this coming Thursday morning in 
                              Tonkawa.    More 
                              details about the program can be had by clicking here.      |  |  
                      | 
                          
                          
                            |     God Bless! 
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                               phone: 405-473-6144  
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