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KFB President Mark Haney Statement on the China Trade Agreement

KFB President Mark Haney Statement on the China Trade Agreement

With today’s signing of the Phase I Trade Agreement between the U.S. and China, our farm families here and across the country have renewed hope of normalized agricultural trade between our country and what was once our largest ag-export market. 

Across Kentucky - January 20, 2020
January 16, 2020
Across Kentucky - January 20, 2020

The Kentucky Soybean Promotion Board and the Hutson School of Agriculture at Murray State University are hosting the 16th annual Soybean Promotion Day Tuesday, January 21. Hutson School of Agriculture Dean Dr. Tony Brannon talks about the speakers, the networking, the program, and shares other details about the event.

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Market Closes - January 15, 2020
January 15, 2020
Market Closes - January 15, 2020

Except for Chicago Wheat, CBOT futures closed lower on a weak finish following the signing of the US/China Trade Agreement. Cattle futures closed lower but trading ranges were wider today, especially in FC.  Lean Hog futures closed slightly higher with trade inside yesterday’s wide ranges.

Market Closes - January 14, 2020
January 14, 2020
Market Closes - January 14, 2020

Ahead of tomorrow’s midday signing of the US/China Phase 1 trade agreement, corn and soybean futures closed steady in narrow range trading and wheat continued to trend higher. Cattle futures closed little changed but remain not far from the contract highs.  Lean hog futures posted strong gains even as cash hog and pork values did not. 

Market Closes - January 13, 2019
January 13, 2020
Market Closes - January 13, 2019

CBOT futures closed mixed today. Corn closed higher and near the day’s highs in follow-through buying to Friday’s strong market. Cattle futures closed lower on last week’s disappointing cash steer trade at steady prices around $124/cwt. Lean Hog futures closed moderately lower and near chart support.

January 10, 2020 - Legislative Report No. 2 - 2020 Kentucky General Assembly
January 10, 2020
January 10, 2020 - Legislative Report No. 2 - 2020 Kentucky General Assembly
Market Closes - January 9, 2020
January 9, 2020
Market Closes - January 9, 2020

CBOT futures closed mixed as the overnight rally melted away in corn and soybean futures during the day. On the other hand, wheat futures rose higher during the day trade.  Cattle futures closed slightly higher and remain near the contract highs.  Lean Hog futures closed lower under pressure from LH futures premium to the cash market, which is weaker as well.