COW 300OHIO COUNTY, Ky. (11/29/19) — The Kentucky Hemp Industries Association and Murray State University Hutson School of Agriculture will host their “KYHIA Holiday Conference and Tradeshow.” The conference will be held Dec.19 at CFSB Center in Murray.

The program will offer several topics of interest to growers, with most discussions being led by a panel of industry, university and other experts. Topics to be discussed include:

• Risk Management & Insurance in 2020


• Chemistry of a Hemp Plant 
• Hemp Legislation – Ask a Lawyer

• New Growers Welcome: What To Do and What 
Not To Do


• Efficiency in Growing: Keeping Costs Down 
• Swimming Your Way Thru the Hemp Supply 
Chain 
• Genetics & The Future 
• The Other Hemp Commodities: Hemp Fiber & 
Grain


The keynote speaker of the day will be Mr. Martin Barbe, USDA Risk Management Agency, discussing “Risk Management for Hemp. The hemp industry is fairly new, with a lot of uncertainty and questions to be answered yet. Attending programs like this should assist growers or potential new growers, by meeting face-to-face with the leading hemp growers, processors, retailers, and other industry stakeholders.

Pre-register and get the full program at: http://kyhiaholidayconference2019.eventbrite.com.

2019 AGRIBUSINESS & LENDERS CONFERENCE – DEC. 11

The annual “Green River Agribusiness & Lenders Conference” will be held December 11th at the Daviess Co. Extension Office. The program will run from 8:45 a.m. until noon.

The Green River Agriculture Extension Agents offer this program to provide agribusiness and agricultural lender an opportunity to discuss the current agricultural situation, since most of you offer credit to agricultural producers.

This years’ program will provided by U.K. Extension Economics Specialist and KY Farm Business Management Specialist, discussing:

• 2019 Grain Profitability & Management Implications
• Grain Markets & Crop Insurance
Macroeconomy, Trade, Tobacco & Hemp in Kentucky
• Poultry Market & Profitability
Beef Cattle Market & Profitability
“State of Agriculture” in the Region 

All agribusinesses and lenders are invited to attend this free conference. This will be the most comprehensive update on the agricultural economics you can receive.

HAVE WE SEEN THE WORST OF THIS CATTLE CYCLE

The following article is from Dr. Kenny Burdine, Extension Beef Marketing Specialist at U.K., discussing the current cattle market situation.
Few cow-calf operators are going to remember 2019 fondly. While I tend to write mostly about prices and profits, weather was really the headliner for much of the year. During the first quarter of 2019, we were dealing with one of the wettest, muddiest winters Kentucky had ever seen. This resulted in a lot of stress on cattle, increased winter hay feeding, and significant damage to pastures and hay feeding areas. By early fall, most all of Kentucky was dealing with a drought that halted pasture growth and forced a lot of producers to begin feeding hay early. And, November brought several rounds of hard freezes that halted pasture growth for the year.

Production levels across all major meats were high and put downward pressure on retail meat prices. Constant uncertainty about trade seemed to hover over the market. And, the Tyson beef processing plant fire certainly didn’t help things as it impacted fed cattle prices this fall. Our fall calf market found its lowest level since 2016, settling in the mid-$130’s per cwt, which was $10- $15 per cwt lower than 2018.

While there is no way to know with certainty, I think that fall 2019 is going to be the low for this price cycle. Most supply signals are pointing to an end to herd expansion. USDA’s July Cattle Inventory report showed flat beef cow numbers from 2018 and a slight decrease in the size of the 2019 calf crop
Heifer retention was down in both the January and July reports and beef cow slaughter has continued to be large. Through September, beef cow slaughter has been 2% above 2018 levels and 13% above 2017 levels.

In addition to the supply signals, there is a new demand factor that will likely be at play in 2020. It’s hard to over-emphasize the significance of African Swine Fever in China. Pork is the most consumed meat worldwide and China leads the world in pork consumption. The loss of hogs they are experiencing is going to have an impact on protein consumption. Despite the tariffs in place, US exports of pork to China have been a lot higher since spring and we are seeing spillover effects on beef exports. It is also no coincidence that China has lifted its ban on US poultry imports. So, while a large number of factors will impact beef and cattle prices going forward, I am optimistic that cattle producers will enjoy a better year in 2020.

UPCOMING EVENTS

Dec. 4-7: KY Farm Bureau Convention; Galt House, Louisville 

Dec. 11: Green River Agribusiness & Lenders Conference; Daviess Co. Extension Office; 8:45 a.m. until noon 

Dec. 19: KY Hemp Industries Association Conference & Tradeshow; Murray St. University/ CFSB Center, Murray; 8:00 a.m. until 6:00 p.m. CT 

Jan-Mid-March: Green River Master Cattlemen Series (for more info. contact Extension Office) 

Jan 6-7: KY Fruit & Vegetable Growers Conference; Embassy Suites Hotel, Lexington 

Jan. 7: U.K. Winter Wheat Meeting; Seimer Milling Conference Center, Princeton 

Jan 9: “Managing Cow-Calf Operations for Profit” Conference; Hopkins Co. 

Jan. 14: Grain Market Update/Analyzing ARC-PLC Program Signup for 2019/20; Ohio Co. Extension Center 

Jan. 15: Intensive Soybean Management Workshop; Holiday Inn University Plaza Hotel, Bowling Green 

Jan.16: KY Commodity Conference; Sloan Convention Center, Bowling Green 

Feb. 6: Vegetable Production Update Webinar; Ohio Co. Extension Center; 6:00 until 7:30 p.m. 

March 2: Beef Management Meeting; Ohio Co. Extension Center 


SurfKY News
Information provided by Ohio County Extension Office

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