This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about what is going on internationally, as there was not much movement with the crop prices this week.
“There just wasn’t much in the market this week, but you look at Mexico, they talked about the genetically modified corn,” Anderson said. “They could import it for livestock feed, but it cannot be imported to go into the food.”
China will have an impact on diesel prices for producers, Anderson said, as half of the increase in oil exports this next year will be to China.
In Brazil, Anderson said the soybean harvest is going as expected.
“India’s population is now greater than China’s population, so India is now the most populated country in the world, both well over 1.4 billion people,” Anderson said.
There was a small rally in wheat prices, Anderson said, as they moved up about 10 or 12 cents.
“They broke out that $8.50 range and got up to around $8.70 to $8.75,” Anderson said.
Looking at the harvest prices of wheat, Anderson said they saw some increases up to $8.30.
“Backed off a little bit as we got into the end of the week, and if you go to the panhandle area, five to 10 cents more, if you go to southern Oklahoma, 40 cents less, and if you will look there is 40 cents spread between the current price and the harvest price,” Anderson said.
With not much going on in the markets, Anderson sees those prices staying level and encourages producers to focus on production.
“We could get a surprise, but it could be a surprise up or a surprise down,” Anderson said.
This week on SUNUP:
- Amanda De Oliveira Silva, OSU Extension small grains specialist, gives advice on how to scout for first hollow stem.
- Wes Lee, OSU Extension Mesonet agricultural coordinator, shows where in the state first hollow stem has occurred. State climatologist Gary McManus says overall drought conditions are improving.
- Derrell Peel, OSU Extension livestock marketing specialist, discusses latest numbers from the USDA cattle inventory report.
- Mark Johnson, OSU Extension beef cattle breeding specialist, says it’s important for cattle producers to have a winter management checklist in place before spring arrives.
- Kim Anderson, OSU Extension grain marketing specialist, explains why there has not been much movement in the crop markets lately.
- Rodney Holcomb, OSU Extension food economics specialist, discusses the recent rise in egg prices and says those prices could be leveling off.
- Finally, Dana Zook, OSU Extension northwest area livestock specialist, gives some tips on how to successfully begin a backyard chicken production.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
YouTube.com/SUNUPtv
