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STATEMENT FROM PRESIDENT MARK HANEY ON THE 2018 FARM BILL

I can’t overemphasize the importance of the Farm Bill to Kentucky farm families and rural communities. It truly is the single most important piece of legislation related to agriculture. The failure to pass the bill in the House, while disappointing, should be viewed as an opportunity to work harder, speak louder, and advocate more often to see this bill through to passage and ultimately law.

Market Closes - April 11, 2018
April 11, 2018
Market Closes - April 11, 2018

CBOT futures closed lower today. CBOT futures couldn’t benefit from the stronger energy futures and weak US dollar.   Cattle futures closed mostly higher after a day with narrower trading ranges.

Congressional Members Host River Industry Infrastructure Discussion
April 11, 2018
Congressional Members Host River Industry Infrastructure Discussion

Three members of Congress including Kentucky’s James Comer, Missouri’s Jason Smith and Tennessee’s David Kustoff recently held a river industry infrastructure discussion in Paducah. Local and regional stakeholders, including those from the agriculture sector attended and talked about the importance of river transportation in an area heavily dependent on it.

Market Closes - April 10, 2018
April 10, 2018
Market Closes - April 10, 2018

CBOT futures closed narrowly mixed following today’s USDA WASDE report which didn’t have any material surprises.  Cattle futures opened higher but approached the day’s lows mid-morning. Except for the nearby April LC and FC contracts, futures closed steady or lower.

Market Closes - April 9, 2018
April 9, 2018
Market Closes - April 9, 2018

Corn and soybeans closed higher, while wheat jumped over 3 percent.  Wheat was supported by short-covering by the spec funds in light of the unfavorable weather in wheat country.  Cattle futures closed mostly lower and at the low end of the day’s trading ranges.

Kentucky Farm Bureau Executive Vice President David S. Beck Announces Retirement
April 9, 2018
Kentucky Farm Bureau Executive Vice President David S. Beck Announces Retirement

“It has truly been an honor and privilege to be associated with such a wonderful organization and some of the finest individuals on earth,” Beck said. “I am extremely thankful for the opportunity to have represented Farm Bureau members and agriculture for so many years.”

Market Closes - April 5, 2018
April 6, 2018
Market Closes - April 5, 2018

Most CBOT futures closed sharply higher as futures continued to recover from the heavy losses seen early Wednesday.  The rally followed the pattern in the US equity markets, as buyers rushed back into the market as their worries over a trade war with China eased.  Cattle futures closed higher for the second straight day as buying followed through on yesterday’s bullish key reversals.