
A prolonged drought in Virginia cut first hay harvests to about one-third of normal for some farms, threatening feed for pregnant cows. Farmers have sold calves early and rationed hay, and cattle have escaped fences to graze roadside ditches.
Most of Campbell County missed needed rain.
Regional feed shortages can push herd liquidation and reduce feeder cattle supply in the near term, while raising demand for purchased feed. The effect on national prices is small at this scale.
After 29 past bearish weather events, Feeder Cattle moved a median +0.5% over 5 sessions (62% higher; middle half -0.5% to +2.6%), and +2.4% over 20.
After 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.
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.