Prairie Drought Causing Feed Prices to Soar
CANADA - Drought-like conditions across much of the Prairies have driven up the cost of cattle feed while beef prices continue to decline.
29 July 2009
1 minute read
According to CBC News, some cattle producers in Alberta say they are paying twice as much for feed as they paid a year ago. Hay crops were delayed due to drought or were non-existent this year — driving feed prices skyward.
Adding to the problem, the price of beef has declined, partly due to the high Canadian dollar relative to its American counterpart.
Ranchers are selling off part or all of their herds because of the current conditions, says CBC News.
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