February 14, 2012
Due to a drought in Texas that contributes to cattle shortage, Georgia cattle producers should see higher prices for their beef cattle soon, the authorities said.
The Athens Banner-Herald reports that ranchers in Georgia are not expecting record profits. But they say the increased prices should help to cover the rising costs they've been paying to raise cattle over the past few years.
Dave Stewart, a Carlton cattle producer, says that while cattle prices are up, the price of hay, grain, fertiliser and fuel have also risen. As a result, he said producers will see more money from cattle prices but are paying more for expenses.
Cattle prices had been rising steadily because of skyrocketing exports of American beef and because the fewer farmers are raising beef cattle.
- Australia: Prices not helped by increase in live cattle exports
- Australia sees near 9,000% rise in cattle exports to Vietnam within three years
- US cattle prices decline from high record levels of July 2014
- Russia bans cattle and beef imports from southern Europe
- Costa Rica's cattle industry meets Russia's health conditions for export