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Drought Forcing Ranchers to Sell Cattle

Which means you can expect beef prices to go up

By Liam Carnahan,  Newser Staff

Posted Jul 24, 2012 2:49 PM CDT

(Newser) – The lingering drought spanning much of the nation is leaving farmers with wizened pastures and crops, forcing them to sell off cattle—and fast. The AP spoke to several ranchers, including Ken Grecian of Kansas, who has already sold 40 pairs of cows and calves since the dry spell began. It's not the first time that ranchers have had to get rid of cattle because of drought, but in previous years, non-affected states were able to absorb the loss. This drought is so widespread, however, that won't be as easy, and the result is likely to sharply drive up meat prices come January.

Some figures to quench your thirst: On Friday, the USDA released its twice-yearly report of the cattle industry, and this month's number, 97.8 million heads, is the smallest since 1973 and a full 2% less than July 2011. Don't expect the ranchers to bounce back when the rain finally falls, either. Grecian said the last time he had to sell off cattle because of drought, it took him six years to recover.

Cattle are seen at a feedlot near Beemer, Neb., Friday, July 20, 2012. Higher prices of feed and the loss of pasture due to drought is forcing ranchers to thin their herds.
Cattle are seen at a feedlot near Beemer, Neb., Friday, July 20, 2012. Higher prices of feed and the loss of pasture due to drought is forcing ranchers to thin their herds.   (AP Photo/Nati Harnik)
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COMMENTS
Showing 3 of 12 comments
right2dave
Jul 25, 2012 6:54 AM CDT
Eat more cow. Good for Chick-fil-a
Riffran
Jul 24, 2012 8:11 PM CDT
beef is going to go waaay up 
Kookey90
Jul 24, 2012 5:10 PM CDT
The drought is so bad that the cows no longer give milk; instead they give butter.
 

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