Farmers need to be aware of what elevated stress is doing to their
health. â€œThereâ€™s kind of a heavy set of factors that are impacting people and
elevating stress levels,â€� says Sean Brotherson, a family life specialist at
North Dakota State University. Drawn out weather and trade issues have
seriously cut into farm profits, causing serious stress. Itâ€™s harming farmersâ€™
health, according to Brotherson.
AUDIO: Managing for Profit with Sean Brotherson
Soybean Merchandising Council is reaching young people through the Simon the
Soybean activity books. Tom Steever spoke to Christine Tew, Communications
Director, Missouri Soybean Merchandising Council, who says the eight-page book
of puzzles, mazes, pictures and other activities illustrates how soybeans are
part of everyoneâ€™s daily life. To find out more, visit mosoy.org. Brought to you by Missouri’s soybean
farmers and their checkoff.
Minnesota Farm Bureauâ€™s Post-Secondary Ag Educator of the
Year says itâ€™s important to have strong relationships with agribusinesses.
Kim Lippert, who recently retired as ag department chair of Ridgewater College in Willmar, tells Brownfield instructors should be seeking professional development opportunities.
“And not just supported by educational experiences, but also by industry. Where we can go to training many times that are supported by industry or our faculty.”
And with ag technology constantly changing, she says handâ€™s on learning is most effective.
Milk futures on the Chicago Mercantile Exchange continued higher supported by global optimism.
January Class III milk up two cents at
$17.03. February up 11 cents at $17.54.
March 14 cents higher at $17.76. April
up 18 cents at $17.69. May through August
contracts 12 to 15 cents higher.
Dry whey down $0.0050 at $0.3625. Nine sales were made at $0.3625 and $0.3650.
Blocks up $0.0025 at $1.9650. Three trades were made at $1.9475 and $1.9550.
Barrels up $0.0350 at $1.5975. Four trades were made at $1.5975 and $1.6025.
Butter unchanged at $1.88.
Nonfat dry milk up $0.0050 at $1.2950.
Dairy Trade auction index in New Zealand traded nearly two percent higher, building
on previous improvements.
Chicago Mercantile Exchange live cattle futures were mostly lower,
getting ready for widespread direct cash business and the week’s USDA numbers.
February was up $.02 at $126.37 and April was down $.02 at $127.22.
Feeder cattle were mostly lower on the same factors as the live pit.
January was $.27 lower at $145.07 and March was down $.32 at $144.67.
Direct cash cattle markets were quiet. This week’s showlist looks
mixed, mostly lower, and packer profit margins are tighter, which might limit
spending and could push back the week’s business, maybe even until after the
USDA’s Cattle on Feed report out Friday afternoon.
The U.S. Dairy Export Council says significant export growth
in Southeast Asia in recent months has been diving renewed optimism on the
President Tom Vilsack tells Brownfield whatâ€™s beyond thatâ€¦
â€œWe had in November the best sales of skim milk powder in a month in the history of the U.S. dairy industry and most of that was a result of significant increases in purchases in Southeast Asia.â€�
He says a dispute between Indonesia and the European Union,
increased cheese exports and improving relationships are also behind increased
An extension grain marketing economist suggests basis levels
are in a precarious spot.
Ed Usset with the University of Minnesota says cash corn and soybean prices are relatively strong, a reflection of a short crop and drawn-out harvest.
“A wide basis (at harvest) is often the result of too many bushels seeking limited storage space. Well, when you stretch out a harvest over a two month period, that crunch for space isn’t there.”
He tells Brownfield Market Facilitation payments have also lessened the need for farmers to sell grain.
Mar. corn closed at $3.87 and 1/2, down 1 and 3/4 cents
Mar. soybeans closed at $9.16, down 13 and 3/4 cents
Mar. soybean meal closed at $299.10, down $1.50
Mar. soybean oil closed at 32.75, down 60 points
Mar. wheat closed at $5.70 and 1/2, up 5 and 1/4 cents
Feb. live cattle closed at $126.37, up 2 cents
Feb. lean hogs closed at $67.35, down 32 cents
Brazilâ€™s soybean harvest is off to a slower start than last year.
â€œIn Brazil, the soybeans are 1.8 percent harvested–last year, it was six percent–so itâ€™s off to a slower start,â€� says grain marketing consultant Dr. Michael Cordonnier, president of Illinois-based Soybean & Corn Advisor.
keeps close tabs on the South American corn and soybean crops, is still
predicting a record Brazilian soybean crop. But he says a late soybean harvest
could impact the size of that countryâ€™s second crop of cornâ€”the safrinha crop.
Soybeans were lower on fund and technical selling, giving back Fridayâ€™s gains and then some. Beans continue to wait for some solid sign of increased buying interest from China under Phase One of the trade agreement. Weekly export inspections were bullish, mostly to China, but those were previously purchased beans and sales totals the last few weeks have been lackluster. Since the signing of Phase One on the 16th, no daily sales have been announced by the USDA and Chinaâ€™s Lunar New Year celebration is coming up later this week.