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Get Used to High Beef Prices

Get Used to High Beef Prices

Beef prices in the U.S. are at a record high and agriculture experts say "get used to it." They say the Texas drought is a big factor.

Texas A&M livestock economist Dr. David Anderson says it's bad for cattle producers here and in California.

"We have declining beef production. We've got the fewest cattle in close to 60 years in the U.S."

Dr. Anderson says in this case the grass is not greener on the other side.

"We've got drought over large reaches of the country that's further cutting into people's cattle herds because if there's no grass it's very difficult to keep the cows."

Dr. Anderson says when the drought ends it'll probably take years to restore cattle herds to optimum levels.

"We're talking about biology and it takes several years before people are able to start rebuilding their herds which means holding back more cows and before that's translated to more beef production."

USDA Choice-Grade beef hit $5.28 a pound in February, up nearly 40 cents from last year and up $1.30 from 2008.

 

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