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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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Grain Markets - Jeff Peterson

Video: Grain Markets - Jeff Peterson

The USDA recently released their Annual Prospective Planting Report and Heartland Farm Partners President Jeff Peterson was on hand this week to go through that data with us and explain what it means for the markets. Here is our conversation from Tuesday afternoon.