KFB Candid Conversation presents a discussion about the topical issues facing the agricultural industry and rural communities in a question and answer format. In this column, Kentucky Farm Bureau Second Vice President Sharon Furches discusses farming during the COVID-19 pandemic.
- Market Closes - March 11, 2020
- 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
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
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.