Kim Anderson Talks WASDE and More on SunupThu, 09 Nov 2017 20:05:53 CST
Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson talked about the USDA WASDE report released on Thursday morning as he was interviewed by Lyndall Stout of the OSU Ag Communications Department for this weekend's SUNUP program- to be seen on OETA.
Anderson said the WASDE held little interest for wheat and soybeans- but the USDA reports- both the Crop Production report as well as the Supply and Demand Report were bearish for corn- the 2017 corn crop has gotten bigger with a record yield now predicted by USDA- and expected lower wheat prices as a result. Anderson says that is not the best news for wheat producers, as the lesser quality wheat in the pipepline needs to be livestock feed- and with cheaper corn prices, that feed wheat just becomes harder to move.
Anderson says that wheat farmers who are unwilling to pursue best management practices and use needed inputs in order to produce a quality wheat crop hurt themselves and their neighbors- saying "you have got to ignore these lower prices- if you are a wheat producer, you are a wheat producer- you have got to produce a quality product that the market wants and needs and the only way to do that is to use best management practices to get that test weight up and get that protein up and have a good milling quality product."
To hear Dr. Anderson's conversation with Lyndall Stout- click the play button on the LISTEN BAR below.
Beyond the Q&A with Kim Anderson- it will be a busy week on SUNUP.
Kicking off the program is Dave Lalman who explains why it is important to sample hay and have it tested before feeding livestock this winter.
In Cow-Calf Corner, Glenn Selk planning feed now for 2-year-old heifers will help when it comes time for rebreeding.
Derrell Peel tells us why it may be time to take advantage of cattle prices, before they correct to seasonal averages.
In the Mesonet weather report, Al Sutherland shows us where the temperatures are most active. Then, Gary McManus says expect big changes in the upcoming drought monitor.
Finally, we hear from producers selling cattle in an upcoming OQBN sale and why they committed to the required VAC-45 program.
Join the OSU Ag communications team for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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