Lack of rain impacting row crops, cattle; corn, soybean prices remain at decade highs in the US
Frozen Bone-In Beef
Soybean
Maize (Corn)
United States
Published Jun 29, 2022
Tridge summary
Corn and soybean prices continue to soar upwards, but the lack of rain could eat into row crop farmers’ profits. Grain price hikes are negatively impacting cattle producers.
Original content
Less than an inch of rain has fallen in Jonesboro during the month of June, which is 56% less than normal, according to the National Weather Service. Temperatures have consistently been in the mid-90s and have topped 100 degrees several days during the month. The extreme heat and lack of rain are leading to abnormally dry conditions in some parts of Northeast Arkansas which is the stage before drought conditions set in, according to NWS. Counties with those dry conditions include parts of Clay, Fulton, Mississippi, Randolph and Sharp counties. The number of counties with abnormally dry conditions could grow when the NWS releases a drought monitor update in July. When there is less rain, row crop farmers are forced to irrigate their fields. Irrigation pumps require diesel fuel which has nearly doubled in price compared to last year. The lack of rain has been a problem, but commodity prices have not. The price of corn hit a nine-year high in April, as growers in South America ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.