This Week on SUNUP - New Report Suggests Low Commodity Prices Could be the New NormalThu, 11 Apr 2019 16:46:15 CDT
There has been little movement in the wheat markets since Dr. Kim Anderson’s last appearance on SUNUP. But, he says it is not the only market that has stagnated. This weekend, Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Dave Deken again to discuss the current price of wheat and what producers need to do in order to produce a profitable wheat crop in the future.
Currently, Anderson reports the price of wheat in Oklahoma is approximately $4.30. Producers can forward contract for $4.27 at harvest.
Citing a recent report from the Food & Agriculture Policy Research Institute on its ten-year estimated projections for crop prices, Anderson says the report suggests the average annual price for US wheat over the next decade will range between $5.08 and $5.31. While not too promising, Anderson contends producers can still be profitable.
His advice to growing a profitable wheat crop over the next several years - produce a quality crop that the market will want, have product that is ready to sell and pull the trigger when you need to to capture those short-lived price peaks, and manage your costs. Anderson says it will take above average yields and below average production costs to pull it off.
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 their weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP learn the best times to scout for weeds in winter crops from Misha Manuchehri.
- In the Mesonet weather report, Wes Lee shows us how much moisture is available at various depths. Gary McManus explains why the recent cloud cover and cooler than normal temperatures have staved off the drought across most of the state.
- Then, Derrell Peel says cooler weather has not had much impact on cattle markets, but it has tightened producers’ margins.
- In Cow-Calf Corner, Glenn Selk explains why it is important to remember Beef Quality Assurance guidelines when administering medications while working cattle.
- We learn how a brewery is making chips and crackers from by-products of the beer making process.
- Finally, we head to Woods County to learn about a 4-H’er who is helping to bring a smile to cancer patients across the state.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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