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Oklahoma State extension says US beef cattle producers face significantly higher feed costs this winter because of drought and high crop prices. Hay prices are sharply up year over year, with the largest gains in North Dakota and surrounding drought areas.
Higher hay and supplement costs push cattle producers toward more feed grain and protein purchases, supporting feed demand while squeezing herd economics.
beefmagazine.comDerrell PeelOct 18, 2021After 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.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% 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.
