December 12, 2011
Due to drought in the southern Plains and growing demand for beef exports, Nebraska cattle producers are benefiting from higher beef prices.
KNOP television reports that the supply of cattle nationwide is decreasing because of the drought in Texas and other cattle producing states. At the same time, demand for US beef exports is increasing.
University of Nebraska-Lincoln Extension educator Randy Saner says the beef market is volatile right now, but he expects prices to rise over time. That will mean likely more revenue for ranchers and feedlot owners and higher prices for consumers.
UNL agricultural economist Matt Stockton says beef exports have also been gradually improving over the past several years.