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May 17, 2019 - Statement From Kentucky Farm Bureau President Mark Haney on Trade and Tariffs

May 17, 2019 - Statement From Kentucky Farm Bureau President Mark Haney on Trade and Tariffs

In addition to being resourceful, hard-working and persistent, our nation’s farmers have been very patient. We have endured continued drops in net farm income, a host of natural disasters, and some of the most volatile commodity markets experienced in decades. 

Market Closes - February 20, 2019
February 20, 2019
Market Closes - February 20, 2019

CBOT futures closed mixed with narrow gains in corn and soybeans and sharp losses in wheat futures.  Cattle futures closed steady to slightly higher in narrow trading ranges. LC was supported by winter storms impacting feedlots and weighed down by weaker boxed beef.  Lean Hog futures dropped sharply. 

2019 Kentucky Farm Bureau Congressional Tour
February 20, 2019
2019 Kentucky Farm Bureau Congressional Tour
Market Closes - February 19, 2019
February 19, 2019
Market Closes - February 19, 2019

Coming out of the 3-day weekend, traders were in no mood to buy futures. Futures headed lower as soon as the 830 am bell rung; the selling continued into the close except for soybeans and meal.  Cattle futures closed higher, supported by higher midday beef values and reduced slaughter last week. Lean Hog futures closed lower with $3.00/cwt limit-down losses in the first 5 contracts. 

February 15, 2019 - Legislative Report No. 4 - 2019 Kentucky General Assembly
February 15, 2019
February 15, 2019 - Legislative Report No. 4 - 2019 Kentucky General Assembly
Market Closes - February 14, 2019
February 14, 2019
Market Closes - February 14, 2019

CBOT futures closed sharply lower and near the day’s lows. Futures were pressured by news reports indicating the US/China negotiators are far apart on key issues and that President Trump may extend the negotiations through May. Cattle futures rebounded from early morning losses to close slightly higher near the day’s highs.

Kentucky Winter Weather Proving to be a Roller Coaster Ride, So Far
February 14, 2019
Kentucky Winter Weather Proving to be a Roller Coaster Ride, So Far

Mark Twain once said, “If you don’t like the weather in New England, just wait a minute, it’ll change.” Since he first spoke those words, many other regions and states across the country have adopted that saying, including Kentucky, where it seems to be truer during this winter season than ever before.