BREITBART.COM – More Than 60 Percent of U.S. in Drought
North Dakota State University professor and researcher Larry Leistritz said it’s too early to tell what effect this year’s drought will have on commodity prices. Flour prices already have gone up and may rise more because of the effect of drought on wheat.
“There will be somewhat higher grain prices, no doubt about it,” Leistritz said. “With livestock, the short-term effect may mean depressed meat prices, with a larger number of animals being sent to slaughter. But in the longer run it may prolong the period of relatively high meat prices.”