With the inception of the Kentucky Agricultural Development Fund (KADF) more than 20 years ago, the state’s agriculture industry has transformed into one of the most diverse ag economies in the country. The millions of Master Settlement Agreement (MSA) dollars that have been invested through the KADF by its governing board have helped countless farm families remain on their farms and expand in ways we could only imagine when these investments began.

In response to a bullish USDA Prospective Plantings report, corn, soybean and soybean meal futures closed up their respective daily limits. Live cattle closed higher on stronger fed cattle prices and the beef cutout, but feeder futures fell hard when CBOT prices soared to limit-up levels. Lean hog futures ended narrowly mixed.

KFB Commodity Specialist Fran McCall says consumers have a lot of opportunities to shop a Certified Farm Market.

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Except for soybean meal, CBOT futures closed sharply lower ahead of tomorrow’s grain stocks report and planting intentions. Cattle futures closed narrowly mixed and with tighter trading ranges. Lean hog futures closed higher on strong fundamentals. 

CBOT futures closed mixed with traders cautious ahead of Wednesday’s USDA WASDE and Grain Stocks reports. Cattle futures closed strongly higher, making new highs for March. Lean hog futures closed lower across the board after hitting new highs on Friday as a result of the bullish Hogs & Pigs report. 

KFB First Vice President Eddie Melton says the financial stakes are higher in 2021.

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Simpson County Farm Bureau President Laney Snider says the farm voice needs to be heard all across the state.

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CBOT futures closed mixed with corn and bean mostly higher and settling at/near the top end of the day’s range. Cattle futures closed higher with the feeders seeing better gains. Lean hog futures ended mixed with the first 5 contracts higher led by the April LH up $1.30/cwt.