OSU's Kim Anderson Says Every Penny Will Count During 2016 Wheat HarvestThu, 07 Apr 2016 19:40:58 CDT
As wheat prices continue to fall, OSU Grain Marketing Economist Dr. Kim Anderson says farmers should focus on managing production and quality to lessen the blow this harvest.
Anderson tells SUNUP Hostess Lyndall Stout the July Kansas City contract is currently around $4.70 and the basis is fluctuating from -$.74 to -$.60 across the state. He says wheat growers who can increase 30 bushel average yields by 10 percent - three bushels - can expect a $.40 increase in price, based on a $4 forward contract price for harvest delivered wheat.
Anderson also says that while improvements in wheat quality will not increase price, they can reduce discounts, which start to add up and eat away at already marginal profits. The most important discounts to consider are test weight, dockage and foreign material.
You can watch Kim and Lyndall this weekend on SUNUP, or you can get an early listen to his comments by clicking on the LISTEN BAR below.
In addition to Kim's management tips for wheat growers on SUNUP, here's the rundown on the OSU Ag Communications production that returns to OETA this weekend:
This week on SUNUP, Josh Lofton talks about summer crop options across Oklahoma and what producers may do to prepare for them.
- Get advice from the E-Pest Alert newsletter on alfalfa weevil larvae.
- In the Mesonet report, Al Sutherland shows us what Mesonet sites were registering, as a wall of dust moved across the Panhandle and Northwest Oklahoma on Tuesday.
- In Cow-Calf Corner, Glenn Selk has advice on udder soundness for beef producers that are selecting heifers to retain.
- Derrell Peel says beef exports from the U.S. may be stabilizing in 2016.
- Finally, SUNUPís Kurtis Hair travels to Seminole County, to learn what it takes to train dogs to use their natural herding instincts with livestock.
Join Lyndall Stout and Dave Deken for SUNUP:
Saturdays at 7:30 a.m. & Sundays at 6 a.m. on OETA-TV
WebReadyTM Powered by WireReady® NSI
Top Agricultural News