Depending on how long the war in Ukraine lasts, U.S. cattle producers could begin feeling more intense pressure on key inputs, including feed and fertilizer. Planting season is just weeks away for that part of the world, and it seems likely that continued fighting will negatively affect corn and wheat production moving forward.
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CoBank's lead protein analyst, Brian Earnest, told DTN that as he's researched Ukraine and looked at how the war might affect U.S. farmers and livestock producers, he has taken a particular interest in the amount of corn produced in the country. No one yet knows the true impact the war will have on cattle feed prices moving into 2022, noted the analyst. "Initially, our focus was on wheat when we looked at the Ukraine, because that is a very real risk in terms of being able to supply global needs," he said. "But it's important to understand that the Ukraine is responsible for 17% of world corn exports. In terms of grains, this is about a lot more than wheat." The Ukrainian government confirmed last week that all grain exports would cease, with ports closed under the Russian invasion. As the war continues, Earnest says, keep an eye on spring grain planting season -- which typically begins in April in that part of the world. "If we see war continue into planting season, that will be ...
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