Australia Harvest Could Help Oklahoma Wheat Prices - and we have your SUNUP previewThu, 01 Dec 2011 14:44:23 CST
The wheat marketplace is facing some financial uncertainty in countries around the world. Dr. Kim Anderson, Grain Marketing Specialist, sat down with Austin Moore to talk about some of these uncertainties, Oklahoma wheat prices, and what the impact could be between the two.
Anderson says that the uncertainty within Europe is creating additional risk and why he believes we have seen funds come out of the commodities and the grains. Anderson adds that the probles in other countries like Greece and Italy and potential problems with Spain are causing a lot of risk.
However, Australia is well into the harvest season and while they are dealing with some rain, Anderson says they are expecting increased amounts of feed wheat and lower amounts of milling quality wheat. Also, with near record yields and a record crop, Anderson says the trend is the wheat will be lower protein, which could support our wheat prices.
Click on the LISTEN bar below to hear the rest of Austin Moore and Dr. Anderson's conversation regarding the wheat marketplace in Oklahoma and worldwide.
Also, this week on SUNUP, as the colder weather settles in, we feature hay advice for livestock producers. We look at buying hay from outside sources, hay sampling and hay feeder efficiency with Darren Redfearn, Nathan Anderson and Dave Lalman.
Derrell Peel discusses this week's jump in Oklahoma feeder cattle prices and improving wheat pasture and forage conditions.
In the Mesonet report, Al Sutherland and Gary McManus explain how November's above average rainfall is replenishing Oklahoma's soil profile and how that moisture impacted the latest drought monitor.
In Cow-Calf Corner, Glenn Selk continues the discussion on the benefits of placing bred heifers on wheat pasture.
We close in Shop Stop as Randy Taylor and Wayne Kiner demonstrate how to mount a fire extinguisher inside a tractor cab.
Catch SUNUP on Saturdays at 7:30 a.m. on OETA.
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