Corn and soybean producers aren’t the only ones feeling the squeeze of wet weather. Cattle and dairy producers are left wondering what this means for their access to feed, and how soon they should lock in inventory.
According to the National Weather Service, farmers in the Midwest and eastern U.S. can expect above-normal precipitation in March, April and May. The Southwest and West are expected to see below-normal precipitation.
USDA says farmers intend to plant 97 million acres of corn in 2020. As COVID-19 acts as an anchor on the markets, and the ethanol crisis continues to unfold, some analysts say 97 million acres could be a stretch.
The cold, wet weather pattern won't seem to budge, but things could be turning around. Meteorologist Mike Hoffman says his 90-day forecast looks promising, especially for April, just in time for spring planting.