Agricultural News
Markets Now Looking for Signals from U.S. Weather, Anderson Says
Thu, 24 Jan 2013 17:11:30 CST
In his preview to this week's SUNUP program, Kim Anderson analyzes a slight drop in wheat prices and offers help for producers calculating whether to graze out or harvest their wheat.
"What the market is watching now is weather, with either the hard red winter wheat crop or in Russia or in some other areas. India, they're talking about India with maybe another record crop, their seventh record crop in a row coming online. But most of the emphasis is placed on weather in the United States and around the world."
Closer to home, producers are trying to make the decision to graze out their wheat or pull their cattle off. Anderson advises looking to the July wheat contract for guidance.
"If they're going to calculate whether to graze out their wheat, I think $7.75 is a pretty good price to use on that. If you look at the July futures contract and subtract about 55 cents off of that you get about $7.85 is what the market is predicting now. So I think a good price is $7.75.
Also on this week's SUNUP:
--Daren Redfearn begins a two-part discussion on pasture management during drought.
--Karen Hickman invites viewers to the upcoming Society for Range Management annual meeting in Oklahoma City.
--In the Mesonet report, Al Sutherland and Gary McManus cover the 90-day temperature and precipitation outlook and look at the current plant-available water.
--Derrell Peel explains how the planned closure of a beef processing plant in Texas impacted markets and whether additional closings are expected.
--In Shop Stop, Randy Taylor and Wayne Kiner describe the different types of set screws and the best ways to use them.
--Dave Lalman has advice on winter cattle nutrition and updates current research on feeding efficiency.
-In Cow-Calf Corner, Glenn Selk tells us the best way to help a newborn calf that is having difficulty breathing.
You can catch SUNUP Saturdays at 7:30 a.m. on OETA. You will also find archived programs on the OSU website: http://www.sunup.okstate.edu, and on Youtube: http://www.youtube.com/sunuptv
Click on the LISTEN BAR below for more from Kim Anderson and Lyndall Stout.
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