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Kentucky Winter Weather Proving to be a Roller Coaster Ride, So Far

Kentucky Winter Weather Proving to be a Roller Coaster Ride, So Far

Mark Twain once said, “If you don’t like the weather in New England, just wait a minute, it’ll change.” Since he first spoke those words, many other regions and states across the country have adopted that saying, including Kentucky, where it seems to be truer during this winter season than ever before.  

Market Closes - January 16, 2019
January 16, 2019
Market Closes - January 16, 2019

CBOT futures closed steady to 3 cents higher, with mid-range or below closes. Today’s action eased the negative tone of Tuesday’s big losses.  Cattle futures closed higher except for nearby Feeder Cattle. February and April LC made new contract highs for the second day in a row.  

Farm Bureau Adopts Policies on Government Shutdown, Trade, Opioids, Cell-Based Meat and Broadband
January 16, 2019
Farm Bureau Adopts Policies on Government Shutdown, Trade, Opioids, Cell-Based Meat and Broadband

Farmer and rancher delegates to the American Farm Bureau Federation’s 100th Annual Convention today adopted policies to guide the organization’s work during its centennial year on key topics such as farm bill implementation, cell-cultured food products, trade, rural broadband access and rural mental health programs.

Kentucky Farm Bureau Statement on Government Shutdown
January 15, 2019
Kentucky Farm Bureau Statement on Government Shutdown

The closure of government agencies is creating uncertainty for farmers in Kentucky and around the country. The current shutdown prohibits farmers from securing needed loans, disaster and trade assistance, and will delay the implementation of the recently passed farm bill. Kentucky Farm Bureau is watching this issue closely, making sure the needs of farmers are understood in Washington. We urge Congress and the Administration to work together to reopen the government as soon as possible and bring back certainty to farmers during this difficult...

Market Closes - January 15, 2019
January 15, 2019
Market Closes - January 15, 2019

CBOT futures traded higher Monday evening and overnight, but the good times ended as traders woke up this morning.  Selling in corn and soybeans continued right into the final minutes, putting the settlement prices at/near the day’s lows. Cattle futures closed narrowly mixed, except for the strong gains in Feb and Apr Live Cattle, both of which moved to new contract highs.

Market Closes - January 14, 2019
January 14, 2019
Market Closes - January 14, 2019

After rallying for the first hour of trading (830 am opening), corn and soybean futures sold off through midday. This resulted in mostly lower closing prices which were at/near the day’s lows.  Except for the February and April LC contracts, LC and FC futures closed lower with the nearby FC taking the biggest hit. Lean Hog futures closed moderately lower although the pork cutout was up over $2.00 in the morning. 

Kentucky Farm Bureau Wins Four "Awards of Excellence" from American Farm Bureau
January 14, 2019
Kentucky Farm Bureau Wins Four "Awards of Excellence" from American Farm Bureau

Kentucky Farm Bureau took home several organizational awards presented at this year’s American Farm Bureau Federation’s (AFBF) Centennial Convention.  Each year state Farm Bureaus are presented awards in different categories related to several programs and initiatives.