CBOT futures closed steady to slightly higher, but near the day’s highs. There was little new in the market today as traders prepare for Monday’s USDA crop reports. Cattle futures closed mostly higher except for nearby feeder cattle.  Lean hog futures closed strongly higher beyond the nearby August LH.

CBOT futures traded lower overnight but rallied throughout the day session even as the U.S. equity markets were falling lower and lower due to the escalation of the US/China trade dispute.  Cattle futures closed variably higher after suffering sharply lower opening trade due to the sharp losses in equities and other commodity futures.  Lean Hog futures closed extremely mixed with the August LH up 1.57 and the May20 LH down 2.97.

Grain futures followed the lead of the financial markets in dropping sharply as news broke that President Trump will place a new 10% tariff on $300 billion of Chinese products effective September 1.  Live Cattle futures closed higher, recovering much of yesterday’s losses. LC ignored the negative news and price action in many other ag futures and the US financial markets.  Lean Hog futures beyond the nearby August LH closed sharply lower, adding to yesterday’s limit-down losses.

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New Kentucky Farm Bureau Executive Vice-President Drew Graham is off to a great start leading the state’s largest farm organization.  Graham, who took over in October 2018, talks about the organization, the staff that leads Kentucky Farm Bureau, communicating with the membership and some of the major issues Farm Bureau is working on.

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Visitors to the 2019 Kentucky State Fair will notice a number of improvements both inside and outside at the Kentucky Exposition Center.  Kentucky Venues President and CEO David Beck talks about the improvements that people will see, some that visitors may not notice and the pride of the employees at the exposition center. 

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Farm landowners across the state will have a chance to vote on new members of their county Farm Service Agency committees in November.  Kentucky Farm Service Agency Director Brian Lacefield talks about the county committee election process and the importance of landowners participating in the election.

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The Kentucky Soybean Association welcomed farmers and other members of the agribusiness community to their new building in Princeton Tuesday, July 23.  Soybean Promotion Board Chairman Ryan Bivens says the new building allows the organization and staff to have a state of the art facility that represents agriculture and the soybean industry.

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