Newsroom

Farm Bill Headed To President's Desk For Signature

Farm Bill Headed To President's Desk For Signature

Kentucky is ‘home to more than 75,000 farms. They produce everything from soybeans and poultry to horses and corn. Those families are looking to us for help and stability. And when President Trump signs our Farm Bill into law, more stability is just what they will get.’

Across Kentucky - November 19, 2018
November 15, 2018
Across Kentucky - November 19, 2018

Kentucky House Agriculture Committee Chairman Richard Heath recently met with Kentucky Farm Bureau leaders during the 2019 Legislative Preview Meeting.  Representative Heath discusses some of the top issues he expects lawmakers to deal with in 2019 and how important it is to share the message of agriculture.

Listen here

Farm Bureau Survey: Thanksgiving Dinner Cost Down for Third Straight Year
November 15, 2018
Farm Bureau Survey: Thanksgiving Dinner Cost Down for Third Straight Year

The American Farm Bureau Federation’s 33rd annual survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $48.90, or less than $5.00 per person. This is a 22-cent decrease from last year’s average of $49.12.

“Since 2015, the average cost of Thanksgiving dinner has declined steadily and is now at the lowest level since 2010,” said AFBF Chief Economist Dr. John Newton.

Market Closes - November 14, 2018
November 14, 2018
Market Closes - November 14, 2018

CBOT futures closed mixed with corn steady, wheat weaker and the soy complex higher.  Traders are reluctant to sell soybeans with a chance that the US and China will make some progress on trade heading into the G20 meeting at month’s end.  Cattle futures were weighed down by a weaker boxed beef market and a lack of cash cattle trade.

Market Closes - November 13, 2018
November 13, 2018
Market Closes - November 13, 2018

With a backdrop of negative crop fundamentals, today’s sharp drop in crude oil futures seemed to embolden the sellers at the CBOT. Early talk that the US and China officials were discussing trade negotiations didn’t hold the market up. Cattle futures closed higher and near the day’s highs on apparent short-covering.

Market Closes - November 12, 2018
November 12, 2018
Market Closes - November 12, 2018

Despite bearish outside markets (stronger US Dollar, weaker energy futures), corn and soybean futures closed just 1-3 cents up/down from Friday’s closes. Cattle futures closed lower except for the Dec and Feb LC contracts, despite the stronger US Dollar and the sharp drop in US stock prices. Lean Hog futures posted moderate to strong gains today on news that African Swine Fever was found in part of China’s hog feed supply.  

Market Closes - November 8, 2018
November 8, 2018
Market Closes - November 8, 2018

Despite the USDA WASDE report being generally bearish, CBOT futures managed to close near steady. USDA cut the US average yield for corn by 1.8 bu/acre to 178.9 bu/acre, and soybeans by 1.0 bu/acre to 52.1 bu/acre. The cut in US production was bigger than traders expected. Cattle futures closed slightly higher despite a weak boxed beef market. Crude Oil is in a bear market as U.S. production hit a new record high of 11.6 million barrels/day last week.