The small community of Bremen, in Muhlenberg County, may never be the same after the loss of homes, farms, and the many lives due to the devastating tornado outbreak last December. But the spirits of those living there could not be broken and life is returning to a new normal more than six months later.
Corn and wheat futures dropped around two percent today while soybeans finished near steady. Cattle futures closed strongly higher for a second day in a row with support from this week’s stronger cash fed market. Lean hog futures posted sizable losses (for a second day), pressured by disappointing pork export sales – a marketing year low of 12,900 MT (down 46% week/week).
I am somewhat ashamed to admit that I had not taken a vacation in several years until recently. My family was in shock when I agreed to go. But I knew it was time to get away for a week and off we went, and without naming names, headed to one of the biggest amusement areas in the galaxy.
While the damage left behind by the December 2021 tornado outbreak was something most people in affected areas had never seen before, it did not deter countless volunteers from showing up to aid in the cleanup in the immediate days and weeks following the devastation.
CBOT futures closed mixed with corn and the soy complex strongly higher as wheat futures dropped one percent. Cattle futures closed strongly higher supported by higher cash fed prices. Lean hog futures closed sharply lower especially in the front-end months.
KFB First Vice President Eddie Melton hopes supply chain issues don't affect the 2022 planting season.
CBOT futures closed sharply higher and near the day’s highs as corn futures set new contract highs. Cattle futures closed lower with feeder futures down sharply due to the CBOT rally. Lean hog futures closed sharply higher and at/near the day’s highs.
