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Stress on the Farm and in Rural America:  Resources are Available

Stress on the Farm and in Rural America: Resources are Available

As the problem of stress related issues becomes more visible, the onset of COVID-19 has only escalated those stress levels for everyone as they transition to a time of working remotely, or not working at all.

Market Closes - March 17, 2020
March 17, 2020
Market Closes - March 17, 2020

CBOT futures closed widely mixed with corn and oats down sharply.  Cattle futures closed strongly higher to limit-up in front LC futures.  Lean Hog futures also rebounded from Monday’s sharp losses, some as much as the $4.50 limit to new contract lows.

Across Kentucky - March 16, 2020
March 16, 2020
Across Kentucky - March 16, 2020

AFBF President Zippy Duvall discusses rural mental health.

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March 13, 2020 - Legislative Report No. 11 - 2020 Kentucky General Assembly
March 13, 2020
March 13, 2020 - Legislative Report No. 11 - 2020 Kentucky General Assembly
Market Closes - March 11, 2020
March 11, 2020
Market Closes - March 11, 2020

Ag futures again came under pressure from a sharply lower equity market fueled by expanding COVID-19 cases, event cancellations and school closures. Cattle futures tried to build on Tuesday’s sharp rally, but succumbed to the downdraft in U.S. equities. Lean Hog futures held up much better than did cattle futures.

Market Closes - March 10, 2020
March 10, 2020
Market Closes - March 10, 2020

Today was a turnaround Tuesday as commodity and equity markets erased part of Monday’s losses. It appeared that commodity traders took a cue from the U.S. stock markets.  Cattle futures closed higher, but well of the day’s highs.  Lean Hog futures closed higher but well below the limit-up highs seen in the first hour of trading.

Market Closes - March 9, 2020
March 9, 2020
Market Closes - March 9, 2020

The markets closed sharply lower – hit by a combination of rising COVID-19 cases in America and elsewhere and a collapse in the crude oil future markets. Cattle futures close at or very close to down the daily trading limits -- $3.00 in Live Cattle and $4.50 in Feeder Cattle. Lean Hog futures also closed sharply lower although not limit-down.