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A feature report on the newly rebuilt Bluegrass Stockyards in Lexington, which will hold a ribbon cutting on Sep 8, and accept its first run of cattle on Sep 11.  The stockyards’ chief operating office, Jim Akers, has been overseeing construction in northern Fayette County.  He’s extremely excited about the features of the new facility and feels that cattlemen far and wide will be please with it as well. 

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The UK Ag Economics Team has scored a “repeat” as national champions in the national Academics Bowl hosted by the Agricultural and Applied Economics Association, held this past July in Chicago.  Team coach, Jerrod Penn, explains how this Jeopardy-like contest works, how his team prepared for it, and offers some insight into how they “repeated.”

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The latest set of approvals for Beginning Farmer Loans and Ag Infrastructure Loans has been released by the Ky Ag Finance Corporation (KAFC). CEO of that agency Bill McCloskey talks about how their low interest loans can help commercial ag lenders go further in their efforts to help young farmers get started, and help others expand.

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An update with the new executive director of the American Black Hereford Association, with its beef breed national headquarters now setting up shop in Bowling Green.  Association CEO, Brian Chism, talks about their initial $100,000 state ag development grant and the job ahead for them, among county committees, in trying to raise matching funds.

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A preview of “the” winter weather forecast with Pete Geiger, editor of the “Farmers’ Almanac,” and he’s calling for “wild” and “quirky” in terms of temperatures and precipitation for Kentucky over the winter months.  He also discusses some of this year’s features in the publication including tips with vinegar to keep spiders out of your home.  

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Corn and wheat futures closed moderately lower and at/near the day’s lows; the overnight price strength quickly faded during the day session.   Cattle futures closed mostly very strong and near the day’s highs as short-covering pulled prices off the recent lows.

Corn and wheat closed lower, while the soy complex managed 1 percent gains. Traders generally think the forecasted weather will have minimal impact on production.  Another rough day for cattle futures with roughly $2/cwt losses. Futures opened steady but weakness in light cash trade ($110) and the boxed beef market weighed on the market.