Agricultural News
Producers Turn to Alternative Reports Due to Government Shutdown, Anderson Says
Thu, 10 Oct 2013 14:42:04 CDT
The big news this week in grain markets is the lack of a WASDE report. Oklahoma State University Extension Grain Marketing Specialist Kim Anderson says the report has been indefinitely suspended due to the partial government shutdown.
"You'll recall that the market's been waiting on that report because it is the report that combines both the FSA crop insurance planted and harvested acres with USDA's survey data. So, it's a more accurate estimate of what corn, beans and wheat harvested and planted acres actually were."
"What the market is going to look to is private sources for information. In this case, you've got Bloomberg and Reuters that always release what we call pre-release reports. And, in this case, on corn production, it's 13.8 billion bushels. On soybean production it's 13.15 billion bushels. With ending stocks for wheat it's 519 million. That's slightly less than USDA's report in September. Corn at 1.92 billion bushels is slightly higher than the September USDA report. And the September ending stocks at 167 million bushels, again, is pretty close to where the USDA September report was."
You can hear more of Kim Anderson's preview to this week's SUNUP program by clicking on the LISTEN BAR at the bottom of this story.
Also on this week's program:
--SUNUP travels to northeast Oklahoma to learn from Josh Payne about how research, policy changes and mandatory training through the Poultry Waste Management Education program have addressed environmental concerns and helped improve waterways like the Illinois River. Discussion includes poultry litter use as fertilizer for cropland.
--Next, Larry Sanders talks about the government shutdown, and how it's impacting agriculture and rural Oklahoma.
-In the Mesonet report, Al Sutherland and Gary McManus talk about the improving drought picture and the first fall freeze in the Panhandle region.
-Damona Doye invites viewers to the annual Rural Economic Outlook Conference in Stillwater Nov. 1.
-Finally, in Cow-Calf Corner, Glenn Selk explains how interval feeding of protein supplements during pregnancy can help lower operating costs.
Catch SUNUP: Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV or online at www.sunup.okstate.edu or www.youtube.com/sunuptv
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