Beef Market Update – Severe US Drought Impacts Cattle Market

Courtesy of Brian Scott and CNN

Courtesy of Brian Scott and CNN

The US drought is capturing the attention of many people.  One of the groups that is majorly impacted by the drought but has been lost in this meteorological drama is the beef industry.  The US drought is playing a major role in the decision making of some beef producers and feedyards heading into the fall run.

Whether its a shortage of silage or lack of lush grass the US cattleman is impacted by this drought.  The question that many Canadians are asking is, what will the US drought mean for Canadian cattleman?

Is there a chance that US feeder cattle will be pushed north where there is more forage?

Will live prices rebound as we initially expected?

Is there any possibility of feed price relief?

All this and more in the latest episode of the Beef Market Update with Anne Dunford.

If you cannot see the embedded video below click here.

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