Agricultural News
OSU's Kim Anderson says Crop Conditions are Worst We've had in the Past 20 Years
Thu, 28 Apr 2022 19:52:30 CDT
This week on SUNUP, Dr. Kim Anderson, Oklahoma State University Extension grain market economist. During this week's edition, Anderson speaks on different factors influencing today's grain markets.
"I think the lead story has got to be the wheat stocks," Anderson said. "We came into the marketing year with tight stocks and especially for the exporters around the world and we had very strong demand."
Then you've got the wheat crop conditions, Anderson said, which are influenced by the weather.
"We probably got the poorest crop conditions," Anderson said. "Actually, I think they are the second-worst conditions we have had in probably the last 20 years."
In the western half of the United States, Anderson said there is a drought, and in the eastern half there is too much rain, so nothing is progressing very well.
'Then, you look at Russia and Ukraine," Anderson said. "I think the big news we have to watch is Russia's wheat exports were lower this year. Their production is projected to be 250-300 million bushels above last year's level."
Ukraine, Anderson said, is predicted to lose 50% of their crop.
As for the U.S., Anderson said we already have lower planted acres than last year, and they may go lower.
This week on SUNUP:
• Dave Lalman, OSU Extension beef cattle specialist, has management advice for producers making tough decisions because of drought conditions. He offers culling guidance and encourages viewers to work with local OSU Extension agricultural educators across the state when making decisions.
• Wes Lee, OSU Extension Mesonet agricultural coordinator, discuss the latest rainfall maps. State climatologist Gary McManus predicts warm and dry weather could be on the horizon.
• Kim Anderson, OSU Extension grain marketing specialist, gives an update on how wheat, corn and soybean prices are faring.
• Derrell Peel, OSU Extension livestock marketing specialist, discusses the latest USDA Cattle on Feed report and says the markets are already seeing the effects of drought-related liquidation and movement.
• Mark Johnson, OSU Extension beef cattle breeding specialist, talks with Dr. Rosslyn Biggs, OSU Extension beef cattle specialist, about emergency preparedness plans for livestock herds.
• Paul Beck, OSU Extension beef specialist, discusses calf shrink and gives advice on how producers can manage the issue.
• Finally, Roger Sahs, OSU Extension agricultural economics specialist, had information about the updated Oklahoma Farm and Ranch Custom Rates current report.
Join us for SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA-TV
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SUNUP.okstate.edu
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