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Down the Backroads: Unfamiliar Places Provide Familiar Feelings

Down the Backroads: Unfamiliar Places Provide Familiar Feelings

I have been blessed with the opportunity to travel quite a bit around our beautiful state and often I have visited places that seemed more special than others, even though I had never been there before.

Market Closes - April 22, 2021
April 22, 2021
Market Closes - April 22, 2021

CBOT futures closed sharply higher on continued strong cash fundamentals for corn and soy and aggressive fund buying who are adding to their huge long positions in corn and the soy complex. Cattle futures closed sharply lower, extending prices to levels mostly not seen since mid-January. Lean hog futures closed lower through 2021 and slightly higher in 2022 contracts. 

Market Closes - April 21, 2021
April 21, 2021
Market Closes - April 21, 2021

CBOT futures closed mostly sharply higher for a second straight day; soybean and soybean oil futures have closed higher for 7 straight days (meal for 6 days). What was gained Tuesday was lost today as cattle futures closed much lower and near the day’s lows. Lean hog futures opened higher but closed mostly lower with the June LH leading the way down by $1.825/cwt. 

Across Kentucky - April 21, 2021
April 21, 2021
Across Kentucky - April 21, 2021

KFB First Vice President Eddie Melton says every day is Earth Day for Kentucky farmers.

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Market Closes - April 20, 2021
April 20, 2021
Market Closes - April 20, 2021

CBOT futures closed sharply higher but well of the day’s highs. Cattle futures closed higher after testing yesterday’s lows. Lean hog futures closed sharply higher for a second straight day, with the May LH contract hitting a contract high. 

Market Closes - April 19, 2021
April 19, 2021
Market Closes - April 19, 2021

Corn and soybeans closed strongly higher but mostly 4-5 cents below the highs. Cattle futures closed lower but well off the morning lows, resulting in mid-range settlements. Lean hog futures closed sharply higher, recouping most or more than last Friday’s losses. 

Across Kentucky - April 19, 2021
April 19, 2021
Across Kentucky - April 19, 2021

Nutrien Ag Climatologist Eric Snodgrass says Kentucky should see more normal growing weather this year.

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