A&M ECONOMIST: “NO LONG TERM EFFECTS ON COMMODITIES”

  

A Texas A&M AgriLife Extension Service economist.says he believes there will be no significant disruptions of agricultural commodities to Houston’s main shipping ports after Hurricane Harvey dropped historic amounts of rainfall.

Dr. Luis Ribera, director of the Center for North American Studies at Texas A&M, said Texas’ agricultural commodities should not have any long-term marketing effects.

Meanwhile, grocery outlets throughout the southeast region of Texas are working to get shelves restocked and provide items of immediate need, including bottled water.

Some stores brought employees in from other states; distribution centers in other states are being utilized.

Many cattle auction markets in affected areas were closed as Hurricane Harvey reached landfall. Some are reopening this weekend, including Navasota Livestock Auction.

Greg Goudeau said in email to clients “the calf market should be steady. The cull cow and bull market will be strong because of the recent floods.”