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.
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- US beef cattle: A slow turnaround and an awkward domestic market
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