Bath County News-0utlook Your Hometown Newspaper Sept. 15, 2010 • 11
GENERAL NEWS
Kentucky Beef Cattle Marl(et Update
Feeder cattle markets
held very well through
this summer, which has
been the trend recently.
Several analysts were
projecting feeder cattle
prices to rally counter-
seasonally this fall as
feeder cattle supplies
were tight and fed cat-
tle prices had moved
into the mid-upper
$90's earlier than ex-
pected. However, feed-
er markets have gener-
ally softened a bit since
late August, largely
as corn prices have in-
creased. This was no-
ticed in Kentucky auc-
tion prices this week
and is even more clear
when looking at feeder
cattle futures prices.
I have talked about
fall feeder cattle fu-
tures many times since
spring. Fall contracts
tested the $117 to $118
range in mid-late Au-
gust before moving
downward. At the time
of this writing they had those
moved into the $112 to many
$113 range. It's virtu- sitting
ally impossible to cher-
ry pick those times, but
prices held at those high
levels for more than a
week, which gave plen-
ty of opportunity.
While the futures
market was testing
strong levels,
producers were
on cattle + that
had already made a sol-
id profit. In situations
like this, it is usually a
good idea to protect a
portion of those prof-
its. This can be done
through futures and
options trading, for-
ward contracting, or
the use of price insur-
ance. Is there a chance
that prices will move
back up? Sure. But
there is also a chance
that we are heading
for a repeat of the last
few years where prices
spiral downward un-
til the end of the year.
The name of the game
is risk management, so
look to take advantage
of opportunities when
you can.
Hogge finishes r-unner-up in All 'A'
RICHMOND - The
Bath County High
School boys' golf
team participated
in the Touchstone
Energy All "A" Clas-
sic Golf Tournament
on Saturday, Sept.
11 at Gibson Bay
Golf Course in Rich-
mond. There were 16
regional champion-
ship teams as well as
32 individuals (two
from each region) for
a total of 112 golf-
ers. The Bath Coun- Christian Academy
ty High School boys' of Louisville-295; 3.
golf team finished Danville-311; 4.
fourth with a team Bath County-314; 5.
score of 314. The Paducah St. Mary's-
top 5 teams were: 1. 315.
Lexington Christian Logan Hogge fin-
Academy-281; 2. ished second in the
overall individual
competition with a
score of 68, one shot
behind Lexington
Christian Academy
golfer Hunter Stew-
art's 67.
The Bath County in-
dividual scores were
as follows: 1. Logan
Hogge-68; 2. Chris
Stull-78; 3. Darren
Carpenter-81; 4. Ty
Stewart-87; 5. Gar-
rett Howard
Photo by George
Lewis
Jackson Crisp
held his family's
new dog, a
Pit Bull mix.
They hadn't yet
named their
new addition.
Lindo Denton
held Scruffy. She
said she wasn't
there to adopt
but to "shore the
love."
Crouch's Barn Building
and Suppfies
* Pole Barns
* Hoop Barns
* Horse Barns
* Tobacco Barns
* Garages
* Barn Repair
*Metal House Roofs
* Pole Barn Kits
Office 859-362-0022 606-776-6689 Cell
201 Main Street ° North Middletown, KY 40357
i i
CALL OUR CREDIT HOTLINE
877-847-6266
Check out our website
www.mannchrgsler, com
Mt. Sterling
6
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