Corn and soybean futures closed lower and wheat ended mixed, at an extreme. Live cattle futures closed slightly lower after opening higher, but feeder cattle futures rallied as corn prices slid. Lean hog futures were near steady to weaker with little market direction.

KFB LEAD member Katie Cecil sees political prowess is key for farmer leaders.

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CBOT futures soared higher again today as the Russian-Ukraine war intensifies and many countries and companies distance themselves from doing business with Russia. Live cattle closed mixed and feeder cattle ended moderately lower as CBOT futures soared again today. Lean hog futures closed strongly higher, ending a 4-day decline. 

Grain and oilseed futures closed sharply higher as the Russia-Ukraine war intensifies along with Putin’s mention of nuclear weapons. Except for the expiring February LC contract’s gain, cattle futures closed lower with feeder cattle getting hit hard by the sharp gains at the CBOT. Lean hog futures closed lower for the fourth straight day, although losses were minimal. 

KFB Second Vice President Sharon Furches sees many benefits of the annual Farm Bureau Congressional Tour. 

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CBOT futures closed sharply higher with corn, soybeans, KC wheat and Chicago wheat making new contract highs. Cattle futures closed lower and near the day’s lows following a late day sell-off as equity markets fell and grain prices rallied. Lean hog futures closed sharply lower after setting some new contract highs soon after the market opened this morning. 

The efforts our volunteer members make for this organization and their respective communities is beyond comparison. They are the main reason we are successful.

And in thinking about their many contributions, my mind immediately went to those still recovering from the detrimental tornadoes that swept through our state last December.