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Agricultural News

Anderson Says KCBT Move to Chicago Probably 'Much Ado About Nothing' for Producers

Thu, 07 Feb 2013 18:04:51 CST

In his preview for this weekend's SUNUP program, OSU Grain Marketing Specialist Kim Anderson takes a look at the announcement by the Chicago Mercantile Exchange that the hard red winter wheat trade being handled on the Kansas City board will be moving to the Windy City.


"They're making noises like it's going to improve efficiency. They'll probably have more volume, a higher number of trades. But if you'll look back a year or so when we had the basis problems at the Chicago Board of Trade with the settlements for the corn, the beans, the wheat, we didn't really have those problems with the Kansas City Board of Trade wheat.


"I think the Kansas City Board of Trade has been relatively efficient over the past few years. I don't know that we will increase efficiency. We may narrow that bid-offer spread a little bit and that may improve the price maybe just marginally-a tenth of a cent, a half a cent-maybe for producers.


"But I think it will just be a move from Kansas City to Chicago. I don't think the producer will see very much."


Kim Anderson has more to say on SUNUP Saturday morning at 7:30 on OETA. Also on this week's program:

--In Cow-Calf Corner, Glenn Selk interviews the state veterinarian, Dr. Rod Hall, about the USDA's new animal disease traceability rule.

--Derrell Peel has the latest on livestock markets and analyzes the USDA's semi-annual cattle inventory survey.

--In the Mesonet report, Al Sutherland and Gary McManus compare January's average temperatures to the same period last year, and show us the drought monitor and number of days without rainfall.

--In Shop Stop, Wayne Kiner and Randy Taylor demonstrate how to use moulding clay or glue in a socket wrench to place bolts and screws in tight places.

--Using research plots in Ottawa County as an example, Josh Bushong updates producers on the progress of winter canola in Oklahoma, offers timely management tips and invites viewers to the upcoming Canola College event in Enid.

--Finally, Daren Redfearn discusses why producers are considering oats as a livestock forage alternative during drought.


Click on the LISTEN BAR below to hear more of Kim Anderson's SUNUP preview.



   
   

Kim Anderson takes a look at what the KCBT move to Chicago means for producers. right-click to download mp3

 

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