crops

Despite a record crop of corn in the Midwest this summer, there shouldn't be propane shortages this winter, according to industry observers.

Propane is used to dry out the corn crop, to prevent mold, among other things. Last year there was also a record crop of corn AND it was very wet, so harvesters used more propane than usual. Then, an especially harsh winter on the east coast increased demand for propane before the supply could rebound. That resulted in propane price spikes.

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In the next half century, scientists are predicting more extreme weather for Wyoming with bigger winter storms and hotter, dryer summers.  That’s according to the latest National Climate Assessment out this month. Wyoming’s farmers and ranchers are skeptical about climate change, but some of them have been forced to adjust their methods of production. 

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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.

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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.