# How this summer's drought could have you paying high beef prices again next year | CBC News

> Hot, dry weather across the Canadian Prairies has strained pastures and cut hay production just as farmers normally stockpile winter feed, pushing feed costs up. Ranchers are considering selling cattle early, and analysts expect the drought to keep beef prices high for two to three years as herds rebuild.

- Date: 2021-08-13 · published 2021-08-13T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/45514-how-this-summer-s-drought-could-have-you-paying-high-beef-prices-again-next
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Drought-driven feed shortages and early herd liquidation tighten cattle supply and lift feed costs for Canadian feeders, supporting higher feed grain and cattle prices.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-11-13 | [All Drought, No Cattle: Low herd supply may drive record-high prices next year](https://feedsoft.ai/events/38615-all-drought-no-cattle-low-herd-supply-may-drive-record-high-prices-next-year.md) | +0.8% | +2.2% |
| LCATTLE | 2023-06-07 | [Get ready for higher beef prices this summer. Here’s why. - MarketWatch](https://feedsoft.ai/events/10087-get-ready-for-higher-beef-prices-this-summer-here-s-why-marketwatch.md) | +1.7% | -1.6% |
| LCATTLE | 2024-11-11 | [Why beef prices have been rising this fall](https://feedsoft.ai/events/27540-why-beef-prices-have-been-rising-this-fall.md) | -1.1% | +1.4% |
| LCATTLE | 2023-09-24 | [Summer Grilling Season Ends, But Not The High Price Of Beef](https://feedsoft.ai/events/34244-summer-grilling-season-ends-but-not-the-high-price-of-beef.md) | -0.6% | -0.7% |
| LCATTLE | 2022-07-27 | [Shrinking cattle herd could equal high calf, beef prices](https://feedsoft.ai/events/40435-shrinking-cattle-herd-could-equal-high-calf-beef-prices.md) | -0.6% | +3.8% |
| FCATTLE | 2022-11-13 | [All Drought, No Cattle: Low herd supply may drive record-high prices next year](https://feedsoft.ai/events/38615-all-drought-no-cattle-low-herd-supply-may-drive-record-high-prices-next-year.md) | +2.2% | +3.8% |
| FCATTLE | 2023-06-07 | [Get ready for higher beef prices this summer. Here’s why. - MarketWatch](https://feedsoft.ai/events/10087-get-ready-for-higher-beef-prices-this-summer-here-s-why-marketwatch.md) | -1.2% | -0.4% |
| FCATTLE | 2022-08-09 | [Coping with high feed prices, drought in 2022
						 \| The Cattle Site](https://feedsoft.ai/events/40182-coping-with-high-feed-prices-drought-in-2022-the-cattle-site.md) | -0.7% | +1.6% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canada-beef-prices-drought-1.6137777

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.