40% of corn is used to feed animals that eventually end up on your dinner table, and this year's drought may have you dreading future prices at the grocery store. But there is one meat that might just be able to beat the drought.
Owner of Western Buffalo Company Bruce Anderson says that because of high feed prices for cattle, a lot of ranchers might sell their cows instead of paying to feed them. Which means more beef at the store and lower prices for the next four or five months. But in the long run beef prices will increase greatly as the USDA has warned.
Anderson also says buffalo ranchers are prepared to survive a year of drought and hopes that his prices will stay the same in the near future and the long run. But that doesn't mean the buffalo industry won't be affected by the drought. "With high feed prices, high corn prices, high hay prices we won't see that weight put on we'll see a lot of 1,000 pound animals here instead of 1,150 pound animals and that's just that much less meat for the market place," said Anderson.
If the drought continues longer than one year Anderson says it could be a different story for the buffalo industry.