Beef prices may be headed upward due to a severe, lingering drought in the southern United States which is putting a major financial squeeze on the regions cattle producers.
Across Texas cattle country, livestock auctions have been unusually busy. As grazing lands dried up, cattlemen have been selling their livestock earlier in the season and at a younger age than normal.
Worst in decades
“It’s been tough,” says Amarillo-area rancher Ashley Nolan. “We’ve sold pretty much all of our herd throughout the summer little by little waiting on the rain, and it never came. The well dried up.”
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