Insight: Drought forces North American ranchers to sell off their future

After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.

• Aug 9, 2022Coping with high feed prices, drought in 2022 | The Cattle Site-0.7%
• Oct 22, 2025Trump calls for cheaper cattle, more grazing lands in effort to trim beef prices | Reuters-7.7%
• Nov 10, 2021The Cycle of Drought, Cowherd Liquidation and Higher Feeder Cattle Prices-1.4%
• Apr 27, 2022Counting Cows: Drought, Costs Will Drive Further Reductions - Drovers+4.0%
• Nov 13, 2022All Drought, No Cattle: Low herd supply may drive record-high prices next year+2.2%

After 80 past bullish weather events, LCATTLE moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.

• Jan 8, 2020Cattle prices forecast to jump when drought breaks as farmers forced to sell breeding stock - ABC News+0.2%
• Oct 22, 2025Trump calls for cheaper cattle, more grazing lands in effort to trim beef prices | Reuters-3.8%
• Nov 10, 2021The Cycle of Drought, Cowherd Liquidation and Higher Feeder Cattle Prices+0.7%
• Feb 13, 2019Floods, drought, trade wars - trying to understand risk in a sea of uncertainty - Beef Central+0.4%
• Apr 27, 2022Counting Cows: Drought, Costs Will Drive Further Reductions - Drovers-1.6%