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A Different World; The Same Mission While dealing with COVID-19, Farm Families are Still Doing What They Do Best

A Different World; The Same Mission While dealing with COVID-19, Farm Families are Still Doing What They Do Best

A few short weeks ago, most citizens in Kentucky, and across the country, were preparing for spring and all the activities the new season would bring. But since the onset of COVID-19, the coronavirus, most have hunkered down close to home hoping to wait this pandemic out.

Market Closes - March 31, 2020
March 31, 2020
Market Closes - March 31, 2020

CBOT futures closed mixed but mostly in the upper portion of the day’s trading ranges. Cattle futures posted strong gains today, following three bad days of price action. Lean Hog futures closed very widely mixed with the nearby April LH losing $1.75 after 3 previous days of limit-down action.

Market Closes - March 30, 2020
March 30, 2020
Market Closes - March 30, 2020

CBOT futures closed mostly steady to lower. The sharp fall in crude oil futures and the continuing shrinking of the ethanol industry weighed on both corn and soybean futures. Live cattle futures closed narrowly mixed except for the 2% loss in the nearby April LC. Lean hog futures closed down the expanded limit of $4.50/cwt. 

March 27, 2020 - Legislative Report No. 13 - 2020 Kentucky General Assembly
March 27, 2020
March 27, 2020 - Legislative Report No. 13 - 2020 Kentucky General Assembly
Market Closes - March 26, 2020
March 26, 2020
Market Closes - March 26, 2020

Again today, CBOT fut ures closed widely mixed with corn and soybeans near steady, while wheat contracts ended significantly lower. Cattle futures closed sharply lower with some live cattle contracts down the $3.00 limit (will be $4.50 tomorrow). Lean Hog futures also closed sharply lower to as much as limit down.

Market Closes - March 25, 2020
March 25, 2020
Market Closes - March 25, 2020

CBOT futures closed widely mixed with some interesting price action. Wheat was the upside leader as the world sources wheat to build flour inventories. After posting limit-up days on Monday and Tuesday, live cattle and feeder cattle futures closed mostly lower except for the nearby contracts. Lean Hog futures closed moderately lower, pressured by lower pork cutout values yesterday and again today.

Market Closes - March 24, 2020
March 24, 2020
Market Closes - March 24, 2020

CBOT futures closed steady to slightly higher today after Monday’s strong market.For the second day in a row, cattle futures closed up the daily limit (which was expanded for today’s trade and will be at these limits again tomorrow). Lean Hog futures closed strongly higher, rising for the sixth straight day.