
Severe drought (D2 or worse) expanded in Miller and Camden counties in central Missouri in the Nov. 10 Drought Monitor, with 44.35% of Miller County and 82.68% of Camden County affected.
Statewide, the share of Missouri in severe drought or worse rose to 37.80%. USDA and state market news reported that hay feeding has started very early this season.
Early hay feeding and drought-reduced pasture growth raise hay demand and cut local forage supply, which tends to firm alfalfa and grass hay prices and increase cattle feeding costs in the region.
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.