For farmers who are planning for high yielding soybeans, it could pay to invest in fall fertilizer applications.

In this Managing for Profit, Channel technical agronomist Daniel Lundeen shares some insight on the role field evaluations and soil testing play in increasing soil fertility and yields.

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COUNTRY Financial representative Justin Skarie says safety on rural roads is, literally, a two-way street. His reminder during Farm Safety and Health Week is that people navigating country roads are sharing space with large farm equipment that does not turn on a dime. Giving farmers leeway and taking extra time will help keep everyone safe. 

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Brenda Murphy with Dairy Farmers of Wisconsin discusses keeping dairy farmers connected to consumers to share their stories about food production, sustainability, and animal care. She also talks about the importance of dairy farmers as we approach National Farmers Day October 12th.

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2020 has been a challenging year on so many fronts. 

In this podcast, Lance Albin, president of UMB Bank’s Agribusiness Division, discusses the challenges of 2020 and the stability that American farmers and ranchers have provided during the COVID-19 pandemic. 

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·This week in the markets –  Cash cattle are fell $2.25 this week while feeder cattle markets are steady to $4 higher. October live cattle futures are up $1.00 for the week and October feeder cattle gained $2.00 on the week. The Choice/Box beef price lost $5.20 this week, led by the weakness in loins. The Choice box beef price remains right at year-ago levels. Cash barrow and gilts are nearly $4.00 higher this week. The October lean hog futures contract closed $6.50 higher this week on ASF concerns in Germany. The pork cutout value was up $4.50 this week, led by higher ham and belly prices.   

·Slaughter – Cattle slaughter for the week is estimated at 574,000 head, that’s 9.3% lower than the previous week but is affected by the Labor Day holiday. Hog slaughter is estimated at 2.335 million head, that’s 5.7% below a week ago. Year to date hog slaughter is 1.3% above year ago levels despite the lower slaughter levels that occurred when processing plants where shuttered or slowed during the COVID-19 outbreaks in processing plants.

·Monthly Exports – Red meat net exports rebounded in July by nearly 50 million pounds. Pork exports year to date are 24% above 2019 levels while beef exports are 7.7% below years ago levels. July beef exports were up 36% from June. US pork exports to China grew 48 million pounds relative to year ago levels.

·Retail prices – Meat prices declined again in August but still remain above year ago levels. The choice beef price average $6.49 a pound in August, down $0.35 from July The pork retail price averaged $4.08 per pound in August, down $0.10 from July.

·Next week’s reports – Consumer Sentiment

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Neal Dilawri says the AGI SureTrack platform allows growers to get all the of the functions of their operation, from seed to harvest to financials, in one place.

“I’ve talked to growers who are operating on five to seven systems. You know, one for precision ag, one for soil, one for weather, one to their combine—so many different systems to get what they need,” Dilawri says. “Whereas, if they could operate on one and all that data was there, it’s so much easier to operate One place to go to get the report on what they need for their return-on-investment, or what’s in their inventory, or what the market is selling their product for.

“I call it the ‘easy button’, whereby they can go to one singular platform and have access to that data to make better decisions.”

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University of Minnesota Extension Educator Brad Carlson discusses how nitrogen best management practices continue to evolve and how farmers can adapt to become more efficient. 

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Data analytics can help farmers make better management decisions to improve their bottom line.

In this Managing from Profit, we’ll hear how the Climate FieldView digital platform can help farmers maximize the performance of their crops.

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The vice president of appraisal for Compeer Financial says lower quality farmland is more than holding its own.

Mike Morris tells Brownfield land values in general have been surprisingly strong given several years of low commodity prices and depressed farm incomes.

He says Compeer has a recreational benchmark, and it has gone up significantly this year.

And while high-quality land is also retaining its value, Morris says the tier between high and low-quality has slipped a little this year.

This episode was released September 8, 2020. 

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• This week in the markets – Cash cattle were $2 lower. Feeder cattle markets were steady to $6 lower this week. October live cattle were down $1 and October feeder cattle down $2. Choice box beef was down $2.40 this week. Cash hogs are $1.60 higher. October lean hogs jumped $5.80 this week. Pork cutout values jumped $3.39, driven by the higher hams and bellies.
• Slaughter – Cattle slaughter was 633,000 head, that’s 21,000 below last week. Hog slaughter was 2.484 million head, that’s 173,000 below week-ago levels. 
• Restaurant Performance Index – The Overall Index came in at 97.1, which is up .7% from June. That’s the highest level since the start of the coronavirus pandemic. The Overall Index was led by the strong performance in the Current Situation Index, which posted a 1.5% gain relative to June. 
• Jobs Report – We added 1.4 million jobs in August. The Unemployment Rate fell to 8.4 percent. That was in line with expectation, but was below the 1.7 million jobs we added in July. We remain more than 11 million jobs below pre-COVID levels.
• Farm Income – USDA projects Net Farm Income for 2020 to be 19 billion above year-ago levels. Government payment are expected to be 15 billion higher than they were in 2019. 
• Next week’s reports – Monthly Trade Data, Retail Prices and WASDE

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