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President's Column:  Grassroots, The Foundation of Farm Bureau

President's Column: Grassroots, The Foundation of Farm Bureau

Whenever I have been asked to describe what Kentucky Farm Bureau (KFB) is about or how it operates, I always begin with one word: “grassroots.”

If you have been around this organization as long as I have, that word comes up often and we never want to lose sight of how important it really is.

Market Closes - June 16, 2020
June 16, 2020
Market Closes - June 16, 2020

CBOT futures closed mostly steady to sharply lower (wheat, oats, rice). Cattle futures closed higher in narrow ranges with feeders posting the biggest gains.  Lean hog futures closed sharply lower and near the day’s lows. 

Market Closes - June 15, 2020
June 15, 2020
Market Closes - June 15, 2020

CBOT futures closed narrowly mixed with futures settling closer to the day’s highs than the lows. Cattle futures closed mostly higher after opening lower in sympathy with the sharp drop in U.S. equity markets on concerns that COVID cases are rising. Lean Hog futures closed slightly higher after opening lower like most ag futures did. 

Market Closes - June 11, 2020
June 11, 2020
Market Closes - June 11, 2020

CBOT futures closed widely mixed following today’s USDA WASDE Report which did not contain any major surprises. Cattle futures closed mostly lower, albeit by relatively small amounts, and at the high end of the day’s range. Lean hog futures closed lower except for the expiring June LH contract. 

Kentucky Farm Bureau Pledges a Strong Presence at 2020 Kentucky State Fair
June 11, 2020
Kentucky Farm Bureau Pledges a Strong Presence at 2020 Kentucky State Fair

With the recent announcement that the Kentucky State Fair will take place this year as originally scheduled, August 20-30, Kentucky Farm Bureau has pledged to return and support the event with a strong presence focusing on the fair’s rural and agricultural roots.

Market Closes - June 10, 2020
June 10, 2020
Market Closes - June 10, 2020

Ahead of Thursday’s USDA WASDE Report, CBOT futures were mostly little changed at the close. Cattle futures closed mostly lower today, pressured by falling boxed beef prices as beef production gets back close to normal. Lean hog futures also closed lower on rising pork production and weaker pork cutouts.

Market Closes - June 8, 2020
June 8, 2020
Market Closes - June 8, 2020

CBOT futures closed mixed with corn beating wheat and soybeans. Corn added to last week’s gains, making new highs for the move. Live cattle closed mixed while feeder futures mostly lost a dollar/cwt. Lean hog futures closed moderately higher on a strong pickup in hog slaughter and higher morning pork values.