I just heard that the state of Colorado is drought free for the first time in 20 years, which means there is no part of the state affected by drought. I know we have experienced drought conditions many of the past 20 years here at PCC Headquarters. I did not know, however, there was some drought within the state every week of every year for the past 20 years.
The drought seems to be shrinking everywhere in the US – with the possible exception of the northwest. Unfortunately, our friends in most of Australia are not faring so well. Cow liquidation continues to take place. Many ranches and stations have been totally destocked.