With almost all of Texas in drought, ranchers are sending ever more cattle off to slaughter, a trend likely to increase beef prices.
CROCKETT, Texas - With almost all of Texas in drought, ranchers are sending ever more cattle off to slaughter, a trend likely to increase beef prices over the long term due to dwindling supply from the largest cattle region in the United States.
While conditions are especially acute in Texas, about 54% of all U.S. cattle were in some form of drought as of Aug. 16, up from 36% a year earlier. Cattle slaughter is high nationwide, temporarily increasing supply but portending tighter supplies in future years. "We've had I don't how many 100-degree days and you can see out here, you know, the grass is gone," Craycraft said. "The cows are beginning to lose weight. The cows are weak because there's no protein. So we're getting rid of a lot of cows."
Wesley Ratcliff, founder of Caney Creek Ranch in Oakwood, said he got an early start selling 50 of his 500 cows this year as the drought worsened.
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