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Coronavirus Impacting Ag Markets

The ag markets are feeling the impact of the coronavirus.
 
Tyler Fulton is the Director of Risk Management with Hams Marketing Services.
 
"Just wide-spread weakness across a lot of financial markets and ag markets, kind of in response to the uncertainty related to the coronavirus," he said. "There's a lot of concern as to how that can impact demand and whether or not it's possible that it could trigger a recession in places if it becomes very wide spread."
 
Fulton says forward hog contract prices showed serious weakness to open the week.
 
He notes U.S. cash markets are still struggling after the heavy hog supply that came in during November and December. Fulton adds cash prices focus more on the nuts and bolts and are not impacted as much by speculation.
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A Tribute To Grandpa Ron

Video: A Tribute To Grandpa Ron

It's been a tough few weeks on the farm as we mourn the passing of Grandpa Ron. Grandpa was a legend, a mentor and a friend. He was still actively farming as he loved hauling grain and combining. I have many great memories of Grandpa on and off the farm and I will cherish those forever. He loved the farm and everything it has to offer. It's going to be different now, but Ronnie's legacy lives on through us and we want to make him proud.