beef prices

Quentin Hope

After getting pummeled by drought and low cattle prices, many ranchers across the Midwest are eager to grow their herds. As they do, grass is turning into a hot commodity.

Drought still taking toll on ranchers, beef prices

May 22, 2014
Luke Runyon/Harvest Public Media

California ranchers, despite near-record beef prices, are shrinking their cattle herds in response to one of the most severe droughts the state has ever faced, and many Western ranchers are taking advantage.

The Texas Tribune

Texas is the nation’s biggest beef-producing state, and as the state enters the fourth year of drought, ranchers, consumers, and grocers are feeling the effects reported The Texas Tribune.

Wikipedia

Sharon Harvat drives a blue pick-up truck through a field of several hundred pregnant heifers on her property outside Scottsbluff in western Nebraska and notes, “On a warm day they’ll lay out flat like that...”.

Harvat and her husband John run their cattle here in the Nebraska panhandle during the winter and take them back to the mountains in northern Colorado when the calves are born. Harvat says, when she heard about a proposal to open up beef trade with Brazil, she felt a pit in her stomach.  “On an operation like ours, where we travel a lot with our cattle, that would probably come to an abrupt halt if there was an outbreak.”

Grant Gerlock/Harvest Public Media

For the first time in nearly 10 years, the nation’s beef herd may be poised for growth, which could mean relief from rising meat prices. But with the fewest cattle in the beef supply since the 1960s, slow growth won’t cut prices anytime soon.