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Oklahoma State extension specialist Derrell Peel says drought and high crop prices mean beef producers face significantly higher feed costs this winter. USDA August data show alfalfa hay up 20.5% and other hay up 13.4% year over year nationally, with North Dakota alfalfa up 109.5%.
Higher hay and grain costs will raise winter feeding expenses for cow-calf and stocker operations, supporting feed ingredient prices. Drought-hit regions face the steepest hay cost increases.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistOct 22, 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, 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 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.
