Dr. Kim Anderson says Commodities are on Track for Higher Prices through the Rest of 2021.Thu, 04 Feb 2021 16:04:24 CST
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This week Dr. Anderson says countries are increasing their stocks, and that has something to do with commodity prices, "The highest corn purchase since 1991 has something to do with it. But there's more than that; What you've got to look at is, why are they purchasing now? China is purchasing corn because they've got their African Swine Flu problem almost solved. They're building their stock. They've got to have corn to feed them. But there are some other reasons behind that; countries are building their stocks. They're increasing stocks in redundancy, because one thing world leaders know if they don't feed their people, if foods not there, then they're going to have problems in their society. With COVID, the transportation system was disrupted. And they are afraid that if that continues, and that disruption is there, they won't have food and products for their citizens, and they will rebel on that, then they will lose power, and they'll upset their economy. So a lot is going on out there right now."
This week on SUNUP, Paul Beck has advice for producers to help cattle manage strong cold snaps, like the one predicted this weekend.
- Then in the Cow-Calf Corner, Glenn Selk explains why postpartum cows should be monitored in retained placenta scenarios.
- Dave Lalman has options for limiting hay waste during the winter. He also has information about the ’Ranchers Thursday Lunchtime Series
- In the Mesonet weather report, Wes Lee tells us about the Cattle Comfort Index and how it can help cattle producers. Gary McManus says rainfall amounts are mostly on track for 2021.
- Kim Anderson says commodities are on track for higher prices through the rest of 2021.
- Dr. Rosslyn Biggs explains how livestock traceability works and how to obtain RFID tags for your herd
- Finally, in Naturally Speaking, Dwyane Elmore tells us about multiflora rose and why it is invasive to native grazing pastures.
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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