Drought Impact going to be felt for months….
Keep an Eye on Beef Prices in the Grocery Store
Because of severe drought, 80% of Johnson County's corn crop is a loss. The loss to soy beans and sorghum is 60%. The drought is impacting the 2012 corn crop across the Midwest. Corn is used to feed cattle. Beef prices may take a short-term nose dive as farmers liquidate their supplies. Long-term, beef prices are expected to rise.
– Johnson County Research and Extension