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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!    Our 
                        Market Links are a service of Oklahoma Farm Bureau 
                        Insurance    
 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:   Cash 
                        price for canola was $10.18 per bushel- based on 
                        delivery to the Northern AG elevator in Yukon yesterday. 
                        The full listing of cash canola bids at country points 
                        in Oklahoma can now be found in the daily Oklahoma Cash 
                        Grain report- linked above.   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   
                               Monday, November 12, 
                              2012 |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            |  Featured 
                              Story:Out 
                              of State Water Sales Discussed and Rejected by 
                              Oklahoma Farm Bureau Delegates as They Set Policy 
                              for the Coming Year      The 
                              2012 Oklahoma Farm Bureau delegate session was 
                              held on Saturday as a part of their annual 
                              convention and trade show- 398 delegates showed up 
                              to do the work of approving policy for the coming 
                              year for the organization. The wide ranging 
                              discussion covered everything from support for 
                              acts of patriotism such as the performance of the 
                              National Anthem or the Pledge to the Flag at the 
                              start of public events to a call to reduce the 
                              budget for the EPA by fifty 
                              percent.
 
 Perhaps the most passionate 
                              discussion came over water rights within the state 
                              of Oklahoma. The Resolutions Committee proposed a 
                              resolution on the sale of water in Oklahoma that 
                              read "Water in Oklahoma from any source( well, 
                              river, creek, spring, pond, lake, etc) shall 
                              always remain in Oklahoma and may not be sold out 
                              of state without the approval of the House and 
                              Senate." Delegates from southeast Oklahoma 
                              proposed amendments that would have been more 
                              specific as they wanted to name the Sardis 
                              Watershed and put the stipulation in that no water 
                              sale outside of the basin where the water is 
                              located may be completed unless approved by a vote 
                              of the residents of that water basin. A second 
                              delegate also mentioned that water from Hugo Lake 
                              was a commodity that several Texas cities had 
                              inquired about as well. After a lively debate, the 
                              delegates voted down the amendments and approved 
                              the original language as recommended by the 
                              Resolutions Committee.
 
 
 Another 
                              resolution having to do with flood control dams 
                              was inserted into the Oklahoma Farm Bureau policy 
                              book- this resolution was amended and reads as 
                              follows- "The State and Federal governments shall 
                              be required to maintain their flood control 
                              projects, at their expense." Delegates amended 
                              this resolution to call on the governments 
                              involved to pay for the upkeep of these flood 
                              control structures, many of which are reaching the 
                              end of their useful life- unless they are 
                              renovated.
   You 
                              can read more about the delegate session at the 
                              2012 Oklahoma Farm Bureau convention- just click here.       |  
                          
                          
                            | Sponsor 
                              Spotlight     We 
                              are also excited 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 links 
                              to Oklahoma elevators buying canola on 
                              their PCOM website- go there by clicking 
                              here.      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.      |  
                          
                          
                            |  US 
                              Wheat Faces International Office Closures If Farm 
                              Bill Remains 
                              Stalled  Dan 
                              Hughes raises hard red and hard white 
                              winter wheat as well as corn, soybeans, and dry, 
                              edible beans on his farm in Venango, Nebraska. He 
                              is also vice-chairman of U.S. Wheat Associates. 
                               He says the 
                              stalled 2012 Farm Bill  could have serious 
                              affects on foreign market development funds if it 
                              is not passed soon.
 "U.S. Wheat 
                              Associates is an organization of 19 states that 
                              produce wheat in the United States that collect 
                              checkoff. And we take those checkoff dollars and 
                              we leverage those to get additional dollars from 
                              the government through grants and awards. And 
                              those are the dollars we use to fund our overseas 
                              operations which consist of 19 offices around the 
                              world.
 
 "To staff those offices, we put 
                              people in there to help the buyers of United 
                              States wheat. We help them acquire the wheat. We 
                              help them line up the shipping. We help them, once 
                              they get it, mill it. We help them blend the flour 
                              to bake the product that they need.
 
 Some 
                              programs are out of money with the lapse of the 
                              2008 farm bill. Other programs will lose funding 
                              authorization at the end of the year. How will 
                              that affect those U.S. Wheat offices 
                              overseas?
 
 "We've basically got enough money 
                              to operate through the end of January. And after 
                              that, if we don't have a farm bill in place with 
                              the authorization for these FMD and MAP funds, 
                              we'll have to start shutting down our overseas 
                              offices."
   To read more, click here.    |  
                          
                          
                            |  Lame 
                              Duck Session Fraught With Potential Perils for Ag 
                              Sector, AFBF's Mary Kay Thatcher 
                              Says  When 
                              Congress comes back for the lame duck session 
                              there will be a lot on their plates. Budget 
                              considerations top that list as does the Farm 
                              Bill. Both are intertwined and have broad-reaching 
                              implications for the future of ag 
                              producers.You can listen to our full length 
                              audio conversation with Mary Kay or read more of 
                              her comments on our web page. Click here to go 
                              there.
 Mary Kay 
                              Thatcher is a lobbyist in the 
                              Washington D.C. office of the American Farm Bureau 
                              Federation. She recently visited with me about 
                              what has to be done in Congress to move the Farm 
                              Bill forward while at the same time keeping an eye 
                              toward budget cuts and sequestration. She said 
                              there are a number of key issues Congress members 
                              will be looking at- and unfortunately for 
                              agricultural interests- the farm bill is not close 
                              to the top of the list.
 
 Thatcher 
                              does see a chance to get a five year farm bill 
                              done, if the Republican leadership will get behind 
                              Congressman Lucas and allow him to run his bill 
                              without being swept away by a huge wave of 
                              amendments. At some point, if the Congressional 
                              Leadership does not schedule time for the bill- a 
                              push will have to be made to get a short term 
                              extension to the recently expired farm law to 
                              mitigate negative impacts in multiple programs 
                              after the first of January.
 
 
 That would 
                              push Farm Bill action into 2013- a time when there 
                              will be less money to write new policy with.
 
 
 
 Thatcher was also our 
                              Saturday morning guest on our In the Field segment 
                              as seen on KWTV, News9 in the Oklahoma City area. 
                              In case you missed it- click here for that video 
                              conversation that she and I had about the 2012 
                              elections, the lame duck to follow and what might 
                              be out ahead of us in 2013 inside the Washington 
                              beltway.
 
 
 
   |  
                          
                          
                            |  Stabenow 
                              Says Farm Bill Action Could Overcome Congressional 
                              Gridlock  Sen. 
                              Debbie Stabenow, Chairwoman of 
                              the U.S. Senate Committee on Agriculture, 
                              Nutrition and Forestry, released the following 
                              statement on continuing and finalizing the farm 
                              bill process in the lame duck session: 
                              
 "Americans could not be more clear that 
                              now that the election is over, they want us to 
                              work together to create jobs and reduce the 
                              deficit. If Congress can work together to pass the 
                              Farm Bill, it will create the trust and momentum 
                              we need to overcome gridlock and solve the 
                              challenges our country faces. Passing a bipartisan 
                              Farm Bill that reduces the deficit by $23 billion 
                              is a significant first step in meeting the 
                              critical deficit reduction challenges our country 
                              must face head-on this 
                          year."
 
 
 |  
                          
                          
                            |  NCBA 
                              Lobbyist Sees No Chance for Tax Reform After 
                              Tuesday's Election Results  The 
                              general elections have come and gone and 
                              Colin Woodall, lead lobbyist for 
                              the National Cattlemen's Beef Association, says 
                              the outcome hasn't changed a thing.
 "I 
                              think it's summed up by this: billions of dollars 
                              were spent to get the exact same thing we've 
                              basically had for two years. That's what it boils 
                              down to. Even though we're going to see some new 
                              faces, party control didn't change that much. So I 
                              think the exact same dynamic we've been dealing 
                              with for the past two years is what's going to 
                              lead us into those first two years of this next 
                              Congress and the next administration of President 
                              Obama.
 
 "Unfortunately, for us, it means we 
                              can't expect much in the way of real reform on 
                              things like taxes and the endangered species 
                              act."
 
 He  also said there is a lot of 
                              concern that the Obama victory means the EPA will 
                              have free rein.
   Woodall joins us on the latest Beef 
                              Buzz.  Click here for 
                              more.
 
 |  
                          
                          
                            |  USDA 
                              Releases Latest Supply and Demand 
                              Numbers  USDA 
                              released the latest Supply and Demand numbers, 
                              including U.S. and World Production on Friday. The 
                              report pushed soybean prices sharply lower, corn 
                              just a couple of pennies down and wheat off by ten 
                              to sixteen cents a bushel in the trading session 
                              on Friday.      In 
                              part, the NASS update indicated that, "Corn 
                              production is forecast at 10.7 billion bushels, up 
                              slightly from the October forecast but down 13 
                              percent from 2011. This represents the lowest 
                              production in the United States since 2006. Based 
                              on conditions as of November 1, yields are 
                              expected to average 122.3 bushels per acre, up 0.3 
                              bushel from the October forecast but 24.9 bushels 
                              below the 2011 average. If realized, this will be 
                              the lowest average yield since 1995. Area 
                              harvested for grain is forecast at 87.7 million 
                              acres, unchanged from the October forecast and up 
                              4 percent from 2011."     Friday's 
                              update added that, "Soybean production is forecast 
                              at 2.97 billion bushels, up 4 percent from October 
                              but down 4 percent from last year. Based on 
                              November 1 conditions, yields are expected to 
                              average 39.3 bushels per acre, up 1.5 bushels from 
                              last month but down 2.6 bushels from last year. 
                              Compared with last month, yield forecasts are 
                              higher or unchanged across all States except for 
                              Oklahoma and Texas. Area for harvest in the United 
                              States is forecast at 75.7 million acres, 
                              unchanged from October and up 3 percent from last 
                              year."   Tom 
                              Leffler of Leffler Commodities breaks down the 
                              latest numbers on our home page.  Click here to listen to his analysis 
                              and to access a link to the full USDA Supply and 
                              Demand Report.     |  
                          
                          
                            |  Weekend 
                              Rainfall Fairly Widespread- We Have Got the Map    Rainfall 
                              totals maxed out at slightly more than one inch in 
                              several locations across central and eastern 
                              Oklahoma from the rains of this weekend. The Pryor 
                              Mesonet station recorded 1.18 inches of rain, most 
                              of any Mesonet station in the state, while the 
                              Panhandle got no rain from this much anticipated 
                              system. Coverage in the larger wheat producing 
                              counties ranged from an inch down to just a few 
                              hundredths of an inch of rainfall.
 
 With 
                              this system exiting the state on Sunday afternoon- 
                              the next chance of rainfall appears to be next 
                              weekend. The hope is that those areas that got 
                              rain will find those fairly light rainfall amounts 
                              will help sustain the wheat crop for a few days 
                              longer.
     Click here to check out the Mesonet 
                              map to see who got what over the last couple 
                              of days.       |  |  
                      | 
                          
                          
                            |     God Bless! 
                              You can reach us at the following: 
                                  phone: 405-473-6144
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