I expect the size of the drought area will affect some peoples decisions whether they hold their sales or not. The good cattle always seem to bring good dollars but the others can get hit hard.
In my case, one of the best sales I ever had was in one of the worst droughts we ever experienced here. I debated about cancelling the sale, but in the end decided that I needed to sell down as we did not have pasture or feed for all the cattle we had. I fully expected we would have a tough sale, however the exact opposite happened. The drought that year was much smaller than what the Midwest US has seen this year and we had some buyers looking for numbers of cattle. I remember I had offered shipping anywhere in the US or Canada for no more than $100 per head. When the dust had settled, I only had 1 animal that cost more than the $100/ head to truck it, and that one was to a Prince Edward Island buyer. He asked me if I would consider giving him 10 straws of semen in lieu of what I owed him. There was a complete full pot load of cattle to Colorado and Kansas and the trucking bill worked out to $90/ head . I got lucky! As I said the sale was a success and averaged $3200 which was excellent in those days.