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Agriculture Roundup for Tuesday, February 21, 2023

Farm Credit Canada and the US Department of Agriculture report more than two-thirds of the American cattle herd is in an area affected by drought, leading to the largest contraction of the North American cattle herd in a decade.

Experts say the drought and other extreme weather events have beef farmers on both sides of the border thinning their herds in near-record numbers.

They are worried that could lead to supply problems in the beef industry over the longer term as climate change makes drought, flooding and wildfires more common.

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Trade Fights Flare, Beef Producers Seek Answers, Water Shortage in the West, Wheat Rallies

Video: Trade Fights Flare, Beef Producers Seek Answers, Water Shortage in the West, Wheat Rallies

U.S.-Canada tariffs add pressure to thin farm margins, while a plan to import 300,000 metric tons of beef draws cattle-industry criticism.