Extreme heat is stressing cattle in Louisiana, reducing feed intake and slowing growth; a calf that might normally reach 600 pounds could weigh only 400 pounds when sold. Heat and lack of rain are also hurting hay production, potentially forcing farmers to buy hay at much higher winter prices.
Lower cattle growth can reduce sale weights and tighten beef supply, while weaker hay production raises winter feed costs. These pressures are supportive for cattle and hay prices.
After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.