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NOAA's NESDIS published a piece on using satellite observations to detect flash droughts, a rapid onset drought that can strip pasture within weeks. The article cites University of Wisconsin research on the 2012 Midwest flash drought.
Earlier flash drought warning could help ranchers avoid forced livestock sales that depress cattle prices, but this is a research and tools update rather than a current supply shock.
nesdis.noaa.govMar 18, 2019After 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.
