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Newspaper Archive of
Bath County News - Outlook
Owingsville, Kentucky
Lyft
September 15, 2010     Bath County News - Outlook
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September 15, 2010
 

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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 Mon-Fri 8!30am-8pm Saturday 9am-Spin CH RYSLER. DODGE, 3 rd ANNU,00L FISH FRY & AUCTION FOR THE VICTORY CHAPEL BUILDING FUND PLEASE JOIN US FOR FOOD, GOSPEL MUSIC, RAFFLES, GAMES AND LOTS OF FUN FOR ALL AGES! SATURDAY, SEPTEMBER 18 TH, 2010 LOCATED ON THE CORNER OF ROUTE 11 AND HWV 36 (MOOREFIELD RD). LOTS OF BLUEGRASS/SOUTHERN GOSPEL MUSIC STARTING AT 2:00 PM! FISH FRY WILL BEGIN AT 4:00 PM (DONATION ONLY) AUCTION WILL BEGIN AT 5:00 PM EVERYONE WELCOME! RAIN DATE: SEPTEMBER 25 m SAME TIMES WILL APPLY