Agricultural News
This Week on SUNUP- Snow in the High Plains Could Damage 1% of U.S. Exports, but Time will Tell
Thu, 04 May 2017 16:57:12 CDT
This week on SUNUP - host Lyndall Stout is joined once again by OSU Grain Market Economist Dr. Kim Anderson, talking wheat production and price impacts.
According to Anderson, recent winter weather storms have greatly impacted production outlooks for this year, especially in Kansas where they hit the worst. He cites one estimate that predicts the impact of these storms will reduce production by as much as 18 million bushels, but reiterates that only time will tell what the actual damage is.
Whatever the damage, initial reactions in the market caused prices in Oklahoma to leap 13 percent, almost $0.50 over the last week.
Anderson reports on the wheat tours going on as well. Oklahoma is guessing the state's crop this year will come in around 100 million bushels compared to 130 million last year. Kansas producers are estimating their state's crop this year will only meet 50 to 60 percent of last year's total production.
The big price factor though, Anderson contends, is still going to be quality over quantity. Currently, the market needs high protein content, and he lists the protein premiums currently being offered, ranging from $0.17 for 11 percent protein to $1.23 for 12 percent.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now by clicking on the LISTEN BAR below.
Beyond Dr. Anderson's weekly chat - the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, Dave Lalman explains the science behind hormone implants for calves.
- In the Mesonet weather report, Al Sutherland says the soil across most of the state is full of moisture and Gary McManus shows us where drought is lingering in Oklahoma.
- Kim Anderson says the recent snow in the High Plains could damage one percent of U.S. exports, but time will tell.
- In Cow-Calf Corner, Glenn Selk has realistic expectations for artificial insemination goals when breeding cattle.
- Derrell Peel says retail beef prices should remain low, even with higher cattle prices.
- Finally, we travel to Blaine County to highlight a family business that has been a cornerstone in the wheat industry of Western Oklahoma for a century.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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