Could markets see any future relief as pasture conditions decline due to dry weather?

We know the toll the hot, dry weather is having on crops. We are now getting a look at the impact on pastures and rangelands as negative conditions inch higher.

Across the continental U.S., conditions are 24 percent poor to very poor according to this week’s Crop Progress report and USDA says that has left grasses brown in much of the central Corn Belt.

Michigan and Missouri pasture conditions are 68 percent poor to very poor, Illinois is at 46 percent, and Texas, which has been battling extreme temperatures the last couple weeks, is up 43 percent in the bottom category.