Rain fell in southern Missouri this week with most areas reporting several inches. Given the average first frost date there should still be plenty of days for pastures to grow and provide some fall grazing before winter. This is a major blessing as many producers have been forced to buy expensive feed or reduce herds in that area of the state.
Those in the feeder markets were given a reminder of what a global business agriculture is this week as markets in many foreign counties saw a mid-week downturn. The beef market has been able to reach record prices this year and remain well above long term averages due largely to the export demand however, cattle and grain markets dropped significantly this week as fears of a decline in exports seem very real.
To view the full report, visit the MDA Market News website.
Source: MO Dept of Ag-USDA Market News Service, Jefferson City, MO
Sarah Wilkinson, Market Reporter, (573) 751-5618