US cattle industry faces severe drought challenges

US cattle industry faces severe drought challenges

Hide trading in the US was minimal on Wednesday July 17, with sources reporting limited activity.

Northern heavy native cows (NHNC) traded down by $1.25 per piece to $10.50 per piece, and Northern branded cows (NBC) traded down by $0.50 per piece to $5.25 per piece.

Meanwhile, Southwestern branded cows (SBC) traded down by $0.50 per piece to $5.00 per piece.

US drought conditions
Oklahoma State University reports that the US beef cattle industry faces critical challenges due to worsening drought conditions.

The US Drought Monitor reveals that 16.44% of the US and Puerto Rico and 19.43% of the lower 48 states were enduring drought in the week to July 9. These figures have risen by 4% since last week and an alarming 67.1% since last month.

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