# Reviewing Feed Costs, Drought, and Feedlot Inventory | Ohio BEEF Cattle Letter

> An Ohio State BEEF Cattle Letter column reviews three issues for cattle feeders: feed costs, drought, and feedlot inventory. It cites nearby corn at $6.48/bu and December corn at $5.37/bu, with 67% of the corn crop planted. It also notes that 44% of national pasture was in poor or very poor condition and that drought is not improving.

- Date: 2021-05-19 · published 2021-05-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10275-reviewing-feed-costs-drought-and-feedlot-inventory-ohio-beef-cattle-letter
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Higher corn prices raise the cost of feeding cattle, which weighs on feeder cattle demand. Drought-reduced pasture could also push more cattle into feedlots, adding to fed cattle supply pressure.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-07-17 | [Corn Price Impact on Feeder Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/58222-corn-price-impact-on-feeder-cattle-prices-ohio-beef-cattle-letter.md) | -1.1% | -11.9% |
| CORN | 2022-08-09 | [Coping with high feed prices, drought in 2022
						 \| The Cattle Site](https://feedsoft.ai/events/40182-coping-with-high-feed-prices-drought-in-2022-the-cattle-site.md) | +2.0% | -0.1% |
| CORN | 2025-02-03 | [‘It won’t come back’: Argentina farmers battle drought and a shrinking harvest \| Reuters](https://feedsoft.ai/events/13878-it-won-t-come-back-argentina-farmers-battle-drought-and-a-shrinking-harvest.md) | +0.6% | -3.9% |
| CORN | 2019-07-15 | [Cattle and beef markets looking for summer direction: Peel](https://feedsoft.ai/events/58218-cattle-and-beef-markets-looking-for-summer-direction-peel.md) | -2.6% | -7.4% |
| CORN | 2017-07-10 | [Grain, Byproducts Are Options for Cattle During Drought — Extension and Ag Research News](https://feedsoft.ai/events/70078-grain-byproducts-are-options-for-cattle-during-drought-extension-and-ag.md) | -3.8% | -3.6% |
| FCATTLE | 2019-07-17 | [Corn Price Impact on Feeder Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/58222-corn-price-impact-on-feeder-cattle-prices-ohio-beef-cattle-letter.md) | +0.8% | -9.4% |
| FCATTLE | 2017-08-10 | [How will summer drought and this fall’s corn crop affect feeder cattle](https://feedsoft.ai/events/69610-how-will-summer-drought-and-this-fall-s-corn-crop-affect-feeder-cattle.md) | +0.5% | +2.8% |
| FCATTLE | 2019-06-03 | [Delayed corn planting hits feeder cattle](https://feedsoft.ai/events/11381-delayed-corn-planting-hits-feeder-cattle.md) | +3.1% | +2.8% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2021/05/19/reviewing-feed-costs-drought-and-feedlot-inventory/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.