Beef Buzz News
Producers Should Have a Plan Ready if Drought Becomes Reality This Summer, Says OSU's Derrell Peel
Wed, 07 Apr 2021 08:14:48 CDT
If drought visits your ranch this year, you need to be prepared said Dr. Derrell Peel, OSU Extension livestock market economist.
Ron Hays Beef buzzes With Dr. Derrell Peel
Drought has covered much of the western U.S. for more than a year and fears of it expanding east are starting to gain traction as some areas of the High Plains are experiencing a dry spring.
Springtime droughts really concern me as you can get into serious trouble right away, Peel said.
If this drought advances east and expands, the Dakotas are very dry, parts of Texas are dry, these are areas with a lot of cattle, Peel said.
If we see an impact on early spring forage growth that could have serious implications on the beef market, he said.
Without that spring growth you get into serious challenges so make a drought plan early before certain decisions have to be made, Peel said.
Things can get emotional as you are under stress so having a plan can really help, both in the short term and longer term, Peel said.
The big unknown is how much damage the current drought can do on a broad basis.
That’s why producers have to be prepared for what they will have to do if forced to sell cattle, Peel said.
When you combine the regions that have been in drought with the new areas that could see expanded drought this spring and summer you have a greater potential for market impacts than we’ve had over the past few months, Peel said.
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