Stocker budgets have expenses, such as calf cost, grazing cost, feed and veterinary expenses. Each tab also calculates a projected total return for a crop or a set of stockers, break-even prices and a sensitivity table.
Picks are based on yield performance and consistency from more than 30 multi-year, multi-site, irrigated and dryland trials harvested in 2014-2017. Test locations range from Lamesa to Perryton and west to Clovis, New Mexico.
For Oklahoma and Texas wheat prices to reach $5.50, world wheat ending stocks need to be about a billion bushels lower than currently projected. The odds of this happening before July 2018 are about 20 percent.
While Lonerider is capable of thriving throughout the western half of Oklahoma as well as in neighboring states, it will perform best in the western third of Oklahoma, including the Panhandle.
Farmers conclude that wheat is more valuable as feed than flour.
The reduction in U.S. spring wheat production expectations was a pivotal factor for the USDA’s reduction in total U.S. wheat production from 1.824 billion bushels in the June WASDE report to 1.760 billion bushels in the July WASDE report.
The question being asked is, “Will wheat prices continue to go up?” The answer is “no one knows, especially me.” Anyone who claims they can predict prices accurately is probably lying through their teeth.
Hard red winter wheat production is projected to be 743 million bushels, compared to 1.08 billion bushels last year and a five year average of 880 million bushels.
“Cool, wet conditions have been ideal for corn development across the region. Yield prospects look very good to excellent, but we will need some more moisture to maximize yields. Grain sorghum has also benefited from the mild spring growing...