From: Ron Hays [] on behalf of Ron Hays []
Sent: Monday, February 07, 2011 7:12 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday February 7, 2011
A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- Tom Jones of Arkansas Moves into Chairmanship of the Cattlemen's Beef Board
-- Bill Donald Steps into the Position of President for NCBA
-- Former NCBA President John Queen Dissects the Eastern Livestock Bankruptcy
-- Cotton Acres to Increase This Spring Planting Season
-- The Fundamentals Are Supporting Strong Cotton Price Outlook
-- USDA Announces Partial Deregulation of GM Sugar Beets
-- House Ag Sets Hearing to Review Commodity Market Reforms
-- Let's Check the Markets!

Howdy Neighbors!

Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. 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 web site to learn more about their efforts to serve rural America!

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Tom Jones of Arkansas Moves into Chairmanship of the Cattlemen's Beef Board
The last business conducted during the Board of Directors meeting of the Cattlemen's Beef Board in Denver on Saturday morning was the election of new officers. The nominating committee announced their slate and a vote passed their nominations- the opposition slate of officers that had been mentioned on Thursday during the Cattlemen's Beef Board Forum was not offered.

New officers include Chairman, Tom Jones, Arkansas, Vice-Chair, Wesley Grau, New Mexico and Secretary/Treasurer, Weldon Wynn, Arkansas.

Chairman Jones says that he will work with any and all industry groups to help them feel ownership in the Beef Checkoff- and that his highest priority is to start implementing provisions of the Beef Industry Long Range Plan that is applicable to checkoff efforts.

We have the full list of those who in be in the leadership roles of the CBB for the coming year- plus we have an interview that was conducted right after the end of the Beef Checkoff meeting held Saturday morning in Denver- that interview with Tom Jones, new chairman of the CBB, and Ron Hays, Stewart Doan and Chuck Zimmerman. Click on the LINK below to hear that conversation.

Click here for our coverage of the Saturday morning Cattlemen's Beef Board session in Denver.

Bill Donald Steps into the Position of President for NCBA
The National Cattlemen's Beef Association has wrapped up their annual meeting in Denver- and the new President of the NCBA for the coming year is a 58 year old rancher from Montana, Bill Donald. Donald actually participated in the R-Calf efforts to stop Canadian cattle from entering the US before R-Calf became a membership organization. He says he's not sure if he was considered a member of R-Calf the first year it became a membership group- but that he did break any ties after that because he did not agree with their direction. He was involved with the Montana Stocker Growers Association and that led him into involvement with the NCBA.

He talked informally with reporters right in front of the stage after the conclusion of the NCBA Board of Directors meeting at the Denver Convention Center. We talked with him about working with the new Chairman of the CBB, and he indicated that he had pledged to work with Tom Jones- and that he would.

We have an audio selection from that informal news conference held by Bill Donald Saturday midday- and it includes his comments about the Beef Board's Tom Jones, the future of the Governance Proposal that was put up on the shelf last summer after a firestorm of concern was raised by other groups and USDA over the role of the Federation within the new structure that NCBA envisioned and his response about how to get the industry from one dollar to two dollars or more when it comes to the Beef Checkoff.

During that business session of the NCBA on Saturday morning, the Federation of State Beef Councils enacted what they called a Charter that lined out their separation from the NCBA Policy Division. Click here to see details of that that charter- and the listing of the Federation members that have been appointed to the Beep Board Operating Committee, which includes Richard Gabhart from Oklahoma.

Click here for our audio segment from the conversation that reporters had with Bill Donald had on Saturday in Denver after the NCBA Business Session.

Former NCBA President John Queen Dissects the Eastern Livestock Bankruptcy
Cattle producers and markets that were impacted by the Eastern Livestock bankruptcy are now focused on working with the Trustee to recover as much of their losses as possible. Three individuals whose companies have money tied up in the Eastern debacle were on a panel at the Cattle Industry Convention in Denver on Friday afternoon. One of the three is a past President of the National Cattlemen's Beef Association- and North Carolina cattle producer and video auction operator John Queen acknowledges that the money tied up with Eastern may mean his family will have to liquidate some of their farm to cover the deficit.

Queen says that the entire cattle industry has been failed by the lack of action by the USDA's GIPSA- the agency responsible for following the business conducted by Eastern Livestock. Queen says that GIPSA has audited his relatively small business three times over the last two years, but has reluctantly admitted they had not audited Eastern Livestock since at least 2005. He adds that if GIPSA was not competent enough to perform an audit on the nation's largest livestock dealer- they should have hired an outside independent company to perform an audit at some point along the way.

Click on the LINK below for more- including a conversation with John Queen that we had in Denver about the failings of not just GIPSA- but also how Fifth Third bank made sure they were taking care of themselves and not caring a bit about the cattle producers they were hurting in the process.

Click here for more on the discusssion last Friday in Denver about Eastern Livestock

Cotton Acres to Increase This Spring Planting Season
Fourteen percent more cotton acres will be planted in 2011 than in 2010 in Oklahoma and the US, according to National Cotton Council cotton producer survey results announced at the annual NCC meeting in San Antonio, Tx., Saturday.
Reporting from the NCC meeting, Harvey Schroeder, executive director of the Oklahoma Cotton Council, stated the survey found US cotton growers intend to grow 12,514,000 acres of cotton in 2011. This figure is a 14 percent increase over 2010.

According to the NCC survey, Oklahoma cotton growers will plant 326,000 acres of cotton in 2011, a 14 percent increase over the 285,000 acres grown in 2010 in the Sooner State.
Results of the NCC producer survey found the 2011 Oklahoma cotton acreage increase will be greatly influenced by farmers planting cotton on acres usually planted to winter wheat. Record high prices exceeding a dollar per pound for lint cotton in 2010 are expected to continue in 2011. Worldwide cotton supplies are small with mills eagerly seeking more cotton to process.

NCC Vice President Gary Adams emphasized that, "the cotton market is currently calling for more acres. However, competing crop prices are also strong. Final acreage decisions will be sensitive to how relative prices move between now and planting time. This, along with a number of other issues, including weather, could cause actual plantings to differ from growers' stated intentions."

Click here for the release that has the full details of the prospective plantings report for cotton from the NCC

The Fundamentals Are Supporting Strong Cotton Price Outlook
National Cotton Council economists say a tight overall cotton supply/demand situation coupled with continued pressure from competing crops for the coming year is consistent with cotton prices above historical norms.
"As 2011 begins, the global cotton market is experiencing unprecedented prices with the "A" Index at $2.00 and nearby futures trading in the $1.70's," Council economist, Dr. Gary Adams, said in his outlook for delegates at the NCC's 73rd Annual Meeting on Saturday. "Unlike the price spike of March 2008, the current price situation has support from the fundamentals."

Adams, the NCC's vice president, Economics and Policy Analysis, said a key issue to watch will be the ability to sustain cotton demand in the prevailing market conditions, particularly given the uncertain nature of the macroeconomic recovery. He said that consumers in developing markets such as China and India will increasingly become the drivers of global retail cotton demand.

"Growth in cotton demand bodes well for total cotton trade," Adams said. "Increased mill use in China will require additional imports as available cotton stocks remain at low levels. In fact, for most countries, beginning stocks for the 2011 marketing year are at the lowest levels in recent years, and leave little room for further reductions during the upcoming marketing year."

He said the increased import demand will create a positive environment for U.S. cotton exports, which are forecast at 15.6 million bales for the 2011 marketing year - the second highest level after the 2005 marketing year.

Click on the LINK below for more on the analysis offered by Gary Adams at the NCC annual meeting down in San Antonio- we have a link for the full PDF if you care to read that.

Click here for more on the Cotton Industry Outlook offered on Saturday by Gary Adams of the National Cotton Council

USDA Announces Partial Deregulation of GM Sugar Beets
USDA's Animal and Plant Health Inspection Service (APHIS) said late Friday it is partially deregulating Roundup Ready sugar beets until a larger evaluation of the environmental impact of the crop, known as an Environmental Impact Statement (EIS), can be completed.
In a press release, APHIS said it had determined based on a less-intense review known as an environmental assessment (EA) that "when grown under APHIS imposed conditions" the crop does not pose a plant pest risk or have a significant impact on the environment.

USDA said that as part of the partial deregulation, growers of Roundup Ready sugar beet root crop will be required to enter into a "compliance agreement" outlining mandatory requirements for how the crop can be grown.
In its release on Friday, APHIS explicitly said that if the mandatory conditions are not complied with, it can revoke the partial deregulation and pursue civil or criminal penalties.

USDA said that as part of the partial deregulation, growers of Roundup Ready sugar beet root crop will be required to enter into a "compliance agreement" outlining mandatory requirements for how the crop can be grown.
In its release on Friday, APHIS explicitly said that if the mandatory conditions are not complied with, it can revoke the partial deregulation and pursue civil or criminal penalties.

Having been deregulated for more than five years, Roundup Ready sugar beets account for more than 90 percent of the entire U.S. sugar beet crop, which means overall U.S. sugar production could plummet 20 percent or more if the genetically modified crop could not be cultivated this coming year.

Click here for the full News Release from APHIS- and links to several fact sheets on the issue

House Ag Sets Hearing to Review Commodity Market Reforms
House Agriculture Committee leadership announced last week the Committee will meet this coming Thursday, Feb. 10, to review implementation of the Frank-Dodd financial reform law, which dramatically changed the way the federal government oversees financial markets.
The Committee will specifically look at ongoing rulemaking procedures the Commodity Futures Trading Commission (CFTC) is using to write regulations for the law, passed in the wake of the U.S. banking crisis in 2008 and 2009.

CFTC has been working to implement the new law, but Members have expressed concern about the pace at which new regulations are emerging and significant new budget authority requested from CFTC to complete the implementation.
Commodity groups want to ensure those using the markets to hedge legitimate agricultural risk are exempt from margin and capital requirements.

The Committee will hold a business meeting prior to the hearing. The two events are scheduled to begin at 10 a.m. in the Committee's hearing room at 1300 Longworth House Office Building in Washington, D.C.

The Committee has also scheduled a hearing for Thursday, Feb. 17, to review the state of the farm economy. That hearing is also set for 10 a.m. in 1300 Longworth House Office Building in Washington, D.C.

Click here for the House Ag Committee website for more details of these hearings and other happenings of this committee that is now chaired by Oklahoma Congressman Frank Lucas

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Big Iron Online Auctions for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE!

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

Let's Check the Markets!
We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $10.20 per bushel- as of the close of business yesterday, while the 2011 New Crop contracts for Canola are now available are $10.95 per bushel- delivered to local participating elevators that are working with PCOM.

Here are some links we will leave in place on an ongoing basis- Click on the name of the report to go to that link:
Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day-
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.
Previous Day's Wheat Market Recap- Two Pager From The Kansas City Board of Trade looks at all three US Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market.
Daily Oklahoma Cash Grain Prices- As Reported by the Oklahoma Dept. of Agriculture. <
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

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