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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.

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. 

March 6, 2020 - Legislative Report No. 10 - 2020 Kentucky General Assembly
March 6, 2020
March 6, 2020 - Legislative Report No. 10 - 2020 Kentucky General Assembly
Across Kentucky March 9, 2020 - March 13, 2020
March 5, 2020
Across Kentucky March 9, 2020 - March 13, 2020

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