CBOT futures closed much lower with corn and wheat suffering the worst losses in reaction to USDA’s 11 a.m. crop production and supply-demand reports.  Futures held up for about 10 minutes but eventually headed south for the balance of the session.  USDA numbers were not far off traders’ expectations but they confirmed the huge crop sizes and world supplies. Technically, today’s price action is bearish.

Cattle futures closed sharply lower with many contracts making new contract lows. Futures remain under pressure as the cash market looks weaker this week; some trade has been reported at $98.00/cwt. Boxed beef dropped today with Choice Beef closed down 1.68 to 181.50 and Select fell .57 to 172.18.

Lean Hog futures closed moderately higher on short-covering in an oversold market.  Steady cash hog prices and stronger pork values lifted the market. FOB Plant Pork gained .89 to 73.06 with strong gains in the values of loins and hams.

Corn Dec -8 337 (336-48); May -8 354

Bean Nov -9 945 (943-71); May -8 967

  Meal -3 294

  Oil -2 3314

Wheat Dec -10 397; Jly -8 442

  KC -8 398; MGE -2 522

Oats -1 198

Rice -21 1018

 

LC Oct -75 9675; Feb -102 9952; Apr -110 9927

FC Oct -212 12200; Jan -127 11427; Apr -147 11260

LH Oct +92 5237; Dec +127 4405; Feb +82 5092

Milk Oct +4 1474; Nov +18 1513

US$ +.3%

Dow +16 18144

SP +2 2139

NAS -8 5239

Tran -32 8055

VIX +.55 15.91

 

WTI -68 5011

Brent -63 5178

Gas -2 146

NG -2 321

HO -2 157

Eth -4 153

Gold unch 1256

Slvr unch 1750

 

2-yr -.003 0.863%

5-yr +.002 1.296%

10yr +.014 1.773%

30yr +.008 2.502%

KY Dept of Ag opens 2017 Industrial Hemp Research Pilot Program

    Kentuckians interested in participating in the industrial hemp research pilot program in 2017 may submit an application with the KY Department of Agriculture.  For more information, including the 2017 Policy Guide and a downloadable application, go to kyagr.com/hemp.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here