Despite the stronger US Dollar, CBOT futures closed sharply higher and near the day’s highs. Corn and soybean futures traded inside Tuesday’s wide ranges, but wheat was able to close above yesterday’s highs.  Cattle futures tried to move higher in follow-through to Tuesday’s strong markets, but closed mixed. Live Cattle prices were supported by a stronger boxed beef market and higher cash prices at the Fed Cattle Exchange.

CBOT futures closed lower with corn and wheat settling near the day’s lows. Soybean futures rallied after noon to finish mid-range. Markets were pressured by the advancing soybean harvest in Brazil and weaker export basis.  Cattle futures closed strongly higher with the February LC contract surging to catch up with last week’s cash trade at $124-125/cwt.

CBOT futures closed mostly lower with corn posting the largest percentage losses. Old-crop soybean futures fell through the 200-day moving average.   Live Cattle futures were higher led by the nearby February LC contract. February LC was supported by yesterday’s strong move higher in cash cattle prices and in boxed beef.  With follow-through selling from yesterday’s sharp losses, lean hog futures closed lower, led by the nearby February LH contract.

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Many times the first point of contact between a roadside farm market and a potential customer is the market’s road sign.  There is a science, and an art, to creating signage that will quickly inform and attract; and it ranges between keeping the message brief to being readable for a 60-mph passing motorist.  Feldhaus visits with the Crop Diversification Center’s Brett Wolff who’ll be speaking at the Farm Bureau’s Roadside Market “educational meeting” in Bowling Green on March 16.  

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Feldhaus visits with Clark County’s Frank Hicks, President of the Ky Woodland Owners Association which is hosting its annual meeting later this month at Natural Bridge State Park.  Hicks talks about how any land owner can develop a management plan and with minimal effort, improve the quality of their woodlands.  

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A report on one option for Kentucky farmers; going organic.  It’s not for everyone but it can offer farmers of all acreages an enterprise with strong markets and more predictable prices for their crops.  Feldhaus visits with Sarah Fritschner, program chair of this weekend’s annual meeting of OAK, the Organic Association of Kentucky. 

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