climate

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The floods in Colorado could cause a spike in hay prices, which could be good and bad news for Wyoming ranchers.

Many Colorado ranchers lost their season’s hay supply in the deluges that swept across the eastern plains.  And that means many Colorado ranchers will likely turn to Wyoming hay producers to feed their livestock through the winter, if they have livestock left to feed.

Brett Moline with the Wyoming Farm Bureau says this might cause the price of hay to rise on the market.

A flash flood warning is in effect near Rockspring, there’s a flash flood watch across much of Western and Central Wyoming, and more rain is expected through the weekend. 

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After last year’s crushing drought, wetter weather is helping crops recover, and prices are dropping.
 

US corn yields are up, according to IHS, Inc., a company that publishes stock market industry data. The company expects corn and soybean prices to drop by 10 percent in the third-quarter of this year.


Brett Moline of the Wyoming Farm Bureau says that means it’s cheaper for feed lots to finish more cattle, which is good news for cattle ranchers.