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A Texas & Southwestern Cattle Raisers republication of the Oklahoma State extension column says beef producers face significantly higher feed costs this winter. Alfalfa and other hay prices are up sharply, with the largest increases in drought areas such as North Dakota.
Drought-driven hay shortages and high grain prices raise winter feed costs for cattle producers, supporting forage and feed ingredient demand. This is a republication of the same analysis as the other extension article.
tscra.orgKristin HawkinsOct 18, 2021After 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 20 past neutral weather events, LCATTLE moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% over 20.
After 21 past neutral weather events, FCATTLE 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.
