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Freak Snow Storm: South Dakota Cattle Ranchers Report High Livestock Death Toll

By Amanda Brodhagen, Farms.com

Cattle ranchers in South Dakota are starting to grasp reality as an October snow blizzard has claimed the lives of between 20 to 50% of their cattle herd, early reports say.

South Dakota Secretary of Agriculture Lucas Lentsch is calling the number devastating for producers, noting that he is working with the industry to draft a plan on how to move forward with recovery efforts.

Ranches in western South Dakota appear to have been hit the hardest, with many reports of property damage and a significant number of livestock casualties. Early estimates are suggesting that the region may have lost about 5% of its entire cattle population.

Producers are asked to document livestock losses with pictures and any other records which will be helpful in order to qualify for disaster relief programs. At this time, ranchers do not have access to U.S. Department of Agriculture services with the federal government’s partial shutdown.
 


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.