Grain Costs

U.S. cattle markets face rising grain costs with Russian invasion of Ukraine

by Kim Souza (ksouza@talkbusiness.net)

While the fighting in Ukraine is half a world away from the U.S. the impacts are being felt in the food supply chain, according to Derrell Peel, extension livestock marketing specialist at Oklahoma State University.

Peel said the war continues to inject uncertainty into global commodity markets creating direct and indirect impacts on producers in the food chain. He said cattle markets are seeing indirect impacts from the volatile crop markets for grains which are fed to live cattle for finishing ahead of slaughter.

https://talkbusiness.net/2022/03/u-s-cattle-markets-face-rising-grain-costs-with-russian-invasion-of-ukraine/