This is the last week for “Ag Tag” donations to be made by holders of “farm license tags” across the state.  FFA Foundation Executive Director Sheldon McKinney says the program over the last few years has made a major difference in program participation at both the state and chapter level.

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The rebuilding of the Lexington Bluegrass Stockyard is in full swing and COO of the yard, Jim Akers, feels like their September 1 open date is right on schedule.  Feldhaus begins a series on this major agri-business for the state and the state-of-the-art system it will employ to handle up to 3,000 livestock sales per day.

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Kentucky Farm Bureau, in partnership with Farm Credit Mid-America, has published a book by Kentucky artist and author, Mitchell Tolle titled The Most Wonderful Dream. 

CBOT futures closed little changed and mixed with soybeans and soyoil squeezing out small gains. MGE and KC Wheat dropped the most on ideas of improved rainfall in the Plains.  Cattle futures closed higher, led by the Live Cattle market. Support came from stronger boxed beef values, technical buying on prices touching new highs, and April LC discount to the cash market.  

Shelby Co Farm Bureau Director, Ray Tucker (Tucker Farms) promtes road safety at the Rotary Club

Corn and wheat futures closed lower and near the day’s lows; this followed a strong opening on Sunday evening supported by short-covering.  Soybeans closed steady but still at the lows of the day.  Huge South American crops are weighing on the market.  Beyond the nearby Live Cattle contract, cattle futures closed slightly higher, reaching new highs for this rally that started in February.

CBOT futures closed little changed on the day and for the week. Futures found support this week from a weaker US Dollar Index and good corn/bean exports.  Live Cattle only edged higher despite the very strong cash cattle market and rising boxed beef market.  Lean Hog futures dropped for the third straight day, pressured by lower cash hog prices.