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NOAA's preview says western snowpack and reservoirs are at multi-decade lows, with Lake Mead and Lake Powell below 30% of capacity. The seasonal outlook favors drier, warmer conditions in the southern West this winter, the third La Niña winter in a row.
Western water shortages could cut irrigated crop acreage and hay output, which may tighten local feed supplies and support cattle feeding costs.
drought.govNov 30, 2022After 20 past neutral weather events, Live Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
