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.

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.

Kentucky Farm Bureau President Mark Haney discusses how farmers are responding during the COVID-19 crisis.

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CBOT futures closed steady to slightly higher today after Monday’s strong market.For the second day in a row, cattle futures closed up the daily limit (which was expanded for today’s trade and will be at these limits again tomorrow). Lean Hog futures closed strongly higher, rising for the sixth straight day. 

CBOT futures closed steady in corn to sharply higher in wheat and the soy complex.  Live cattle and feeder cattle futures opened up the daily limit and did not trade into the close.  Lean hog futures also closed strongly higher to limit-up. This 5-day rally in April LH has brought prices near the March high of $66.37. 

The Kentucky Department of Agriculture (KDA) has streamlined the process of ensuring that food insecure Kentuckians can receive food through two federal programs with a minimum of human contact during the COVID-19 pandemic, Agriculture Commissioner Dr. Ryan Quarles announced today. 

Kentucky Farm Bureau 1st Vice President Eddie Melton on KCARD & rural development.