From: Ron Hays []
Sent: Wednesday, December 27, 2006 06:45
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday December 27, 2006
A service of Midwest Farm Shows
-- Very quiet between the Holidays...
-- Dan Basse talks Bovines on CNBC
-- Another Rain/Snow Event for the End of the Year
-- Oklahoma Farm Bureau members getting ready for the cold of Salt Lake City and the American Farm Bureau Convention.
-- Moran wants an end to the "Beef Brawl" with the South Koreans.

Howdy Neighbors!

Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. Our email this morning is a service of Midwest Farm Shows, featuring the Southern Plains Farm Show in Oklahoma City April 19-21, 2007, as well as the Tulsa Farm Show held each December. Check out details of both of these exciting shows at the official website of Midwest Farm Shows by clicking here.

If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here.

Very quiet between the Holidays...
As a result, we will have a very fairly "brief" set of headlines today and tomorrow- will be pulling together a variety of things to help wrap up 2006 for our Friday report- and then get ready for the new year next Tuesday!

We do remind you that the last big government report of the year comes this afternoon with the USDA Quarterly Hogs and Pigs Report- which is expected to show modest hog herd growth as producers face higher feed grain costs. We will will recap that report for you- including the specifics on the health of the Oklahoma hog industry tomorrow morning.

Futures markets will be operating during their normal trading hours today and tomorrow- then will be back tot he holiday schedule on Friday, with all ag futures closing for the year at 12 noon central time. They remain closed through Monday and will reopen for 2007 business on Tuesday, January 2, 2007.

Dan Basse talks Bovines on CNBC
The gal who was hosting the segment yesterday on CNBC was having a little too much fun talking about a "mooing market" as she introduced Dan Basse of AgResource out of Chicago yesterday to talk about 2007 strength in the cattle futures market. Dan Basse has made the speakers circuit in the ag industry this year talking two mega themes- Fund buying of the ag futures and ethanol.

He told the CNBC anchorette that it's the second of those themes that will potentially moove the Cattle futures higher in the second and third quarters of 2007. Basse believes that higher corn prices will continue to force cattle to be fed fewer days, lowering carcass weights and helping to shrink supplies of beef enough that a rally in cattle prices could be in store. He was thinking back to the 90s by the end of the summer/early fall.

He continues to see corn at strong valuations, while he says the weak sister may be wheat- saying the higher prices this year has everyone planting wheat globally- and that a fall back to the $4.20 level- basis Chicago could be in the cards by next summer.

Another Rain/Snow Event for the End of the Year
The song Oklahoma speaks of "the winds come sweeping down the plains" and that will be the case by the end of this week. Our friends in the Panhandle are seeing mostly the word "snow" in the forecast after tomorrow with no amounts of snow being talked about yet- but a strong northerly wind will help us live up to the song's reputation by Friday later in the day in the Panhandle- with winds gusts of up to 40 MPH! The weather service is using words like "potent winter storm" and even the possibility of blizzard conditions by Friday afternoon where significant snowfall occurs- mostly in the western two thirds of the Oklahoma/Texas Panhandles.

Downstate- we are facing mostly a windy but just wet end of the week. Amounts of rainfall may be greater in the northern part of the state- but it looks like that is still a little uncertain. We do expect colder Canadian air to come in with this system after we have had most of the moisture- so driving conditions should not be horrendous as we go through this final weather making system of 2006. They do have the word "snow" mentioned by late Friday and Saturday in the bulk of the state- but it sounds like a dusting is about all we will be facing of the white stuff.

Most folks across the state will be happy with any and all moisture that we receive- helping bring up the final rainfall totals of what has been an extremely dry 2006 over the bulk of Oklahoma.

Oklahoma Farm Bureau members getting ready for the cold of Salt Lake City and the American Farm Bureau Convention.
Most years- the major agricultural groups head to locales that are at least a little warmer than the bulk of the country in the wintertime. For example, late February will find the wheat, corn and soybean folks gathering in Tampa, Florida for the 2007 Commodity Classic.

Many years, the American Farm Bureau convention also is in the sunny and warmer south. Last year- they were in the south- but not in such a warm locale as they convened in Nashville, home state of their largest state Farm Bureau. Upcoming in about a week and a half, they will be in even a colder spot for their 2007 convention, Salt Lake City, Utah.

About 80 Oklahomans have made plans to go and represent Oklahoma Farm Bureau interests at the annual meeting- and while the weather outside may be more conducive for skiing than swimming- they have a "hot" agenda with some of the real key players for the 2007 farm policy debate flying to town to speak to them. Among the headliners will be Secretary of Agriculture Mike Johanns and the new Chairman of the House Ag Committee, Colin Peterson of Minnesota. We will be in attendance and will offer full coverage of the AFBF as they will likely re- position themselves on the timing of new farm policy and what they want emphasized in new authorizing legislation.

Moran wants an end to the "Beef Brawl" with the South Koreans.
I guess in holiday terms, the South Koreans are playing the Beef Bowl- and it includes NO U.S. beef in it- just high priced domestic beef along with some delicious grass fed Aussie beef. Kansas lawmaker Jerry Moran joins the list of those who are tired of who being invited to the game as the football- to be kicked around and played as fools by the South Korean government.

The Congressman is asking incoming House Agriculture Committee Chairman Collin Peterson to bring together officials from the U.S. Department of Agriculture and the U.S. Trade Representative’s office to discuss the situation in South Korea. The Congressman says - this has gone on for far too long. He said - we have to close the loopholes that are allowing the Korean government to find ways to keep our products out.

The latest play by the Koreans might be called the "Dioxin go deep." South Korea searched until they found bone chips in all three shipments of U.S. beef sent to that nation from the U.S. thus far- but for some reason, after they found the bone chips- they also tested the beef for toxins and claim a high level of dioxin. USDA calls the finding "surprising" and has asked the Koreans to provide a lot of detail to back up this unusual result. Meanwhile back at the line of scrimmage, there seems to be little chance of running any more beef shipments into the line of Korean inspectors until we get a ruling from the "rules" committee on tolerances on bone chips in boxes of boneless beef that everybody else in the world accepts. And for that matter, it seems the Koreans also need to realize they are all alone on demanding boneless beef among our major trading partners at this point- they even admit the bone chips have nothing to do with BSE or the safety of the product- it's all about the deal they claim they got with the Bush Administration.

Who's that cheering over in the grandstand? I believe it's Korean beef producers- delighted that their government is protecting them from that cheap U.S. beef. This game is now three years old- and our team is getting fed up with the Zebras who have called the last three fouls- and they are beginning to demand that Korea be thrown out the front door and not be scheduled again unless they are willing to renegotiate the terms of the game and allow U.S. beef the footing that we enjoyed before the Canadian cow that stole Christmas three years ago was flagged for being Mad. We are currently in a Holiday "TV timeout" and you know how darn long those things last- so stay tuned- I suspect we'll be hearing a lot of coaching advice from the Congressional front office early in 2007 being given to the USDA/USTR Coaching Staff who will need to see if they can turn this current shutout around.

Our thanks to Midwest Farm Shows for their support of our daily Farm News Update. Go to their website at the link at the top of today's email for more information on either the Tulsa Farm Show or the Southern Plains Farm Show.

We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.

Click here to check out WWW.OklahomaFarmReport.Com

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phone: 405-473-6144

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