The catastrophic Midwest drought is having wide reaching effects -- including right here in Eastern Carolina.
The drought has dramatically increased the cost of feed, which in turn, has resulted in cattle selling for less on the market as feed lots try to recover some of their costs. The pork and poultry industries are also expected to be impacted.
Steady rains have benefited some cattle farmers with greener pastures -- but with winter coming -- there will be no choice but to pay the price. Farmer Billy Lewis says, "The price of corn since the middle of June has gone up about $3.00 a bushel and that's just due to the lack of corn that will be harvested this fall."
These effects will be felt by the consumers to the tune of a 3 to 4 percent increase for livestock related purchases at the grocery store next year.