Newsroom

KFB Candid Conversation with Kentucky Farm Bureau 2nd Vice President Sharon Furches

KFB Candid Conversation with Kentucky Farm Bureau 2nd Vice President Sharon Furches

KFB Candid Conversation presents a discussion about the topical issues facing the agricultural industry and rural communities in a question and answer format. In this column, Kentucky Farm Bureau Second Vice President Sharon Furches discusses farming during the COVID-19 pandemic.

Market Closes - April 1, 2020
April 1, 2020
Market Closes - April 1, 2020

CBOT futures closed sharply lower and near the day’s lows. Futures were pressured by bearish outside markets (equities, energy) and aggressive selling by the speculative funds. Cattle futures closed down the daily price limit as boxed beef values continue to slide lower and cash cattle prices traded $112, down $8/cwt from last week.

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.