Beef Prices May Jump As Drought Creates Cattle Surplus

DECATUR (CBSDFW.COM) – For 17 days straight, the Dallas-Fort Worth Area has reached triple digit temperatures.

With the hot weather and lack of rain, nearly the entire state remains in a serious or severe drought. Currently, 246 of Texas’s 254 counties are under a burn ban.

That is creating a surplus in the number of cattle heading to auction, as livestock owners can’t afford to feed them and are looking to sell.

Jess Elrod, of Sanger, has been in the cattle business all of his life, but right now, keeping his cows seems to cost more than they’re worth.

“The hay prices and feed prices have gone up and the grass is all burned up. There’s nothing to eat,” he said. “The grass is like it is in December or January, and the grass that’s left doesn’t have any protein in it. Anything that you can do without needs to go to town.”

That’s why Elrod and many other cattle raisers are thinning out their herds by taking some to market early.

“We typically run between 1,200 to 1,500 a week,” said Roland Davie, of Decatur Livestock Market. “Today we’ll be close to 3,000. Last week we were at 2,700.”

On a typical week there would be about three full cattle pins at the Market, but Monday, they had to use more than double that because of the heat index.

Operators asked some ranchers to wait a week before bringing their cattle in.

“We can take more cattle. We have a capacity to take 3,500 to 4,000,” Davie said. “But as hot as it is we didn’t feel like it was best for the cattle.”

Some cowmen said they won’t be able to wait much longer because their pastures just aren’t producing without rain.

“I’m holding right now, but I don’t know, if I don’t get some water, can’t hold, can’t keep on a holding,” said Larry Springfield, a cattle raiser in Springtown. “They’re out of feed, they’re out of pasture, they’re out of water, so what else are you going to do with them.”

Ultimately, the drought will affect what customers will pay for beef at the grocery store, cattle owners said.

Since a mature cow only has one calf per year, it will take years for the ranchers to rebuild their herds. That could cause the price of beef go up as early as the end of this year.

Comments

One Comment

  1. Hemroidious says:

    If there is a surplus, price goes down, right? Maybe it’s like gasoline. The price goes up no matterwhat.

    1. ab says:

      The current surplus is the result of a decreased supply. The supply has been decreased significantly. In the short term, with supply increasing and demand staying (I’m assuming) constant, this will cause a temporary price decrease. With this price decreased more people can afford meat, so demand might go up, but probably not enough to cause upward price movements.

      Fast forward 2 years. The supply of cows (# in herd) has decresed significantly from 3 years ago. It takes extended periods of time to restock the herd (lets use 5-6 year example). This means the amount of cows in the herd will not be back to 2011 levels until at least 2016 (using the previous assumption). Chances are, by this time, increased demand in emerging markets (emerging middle class in China = +2 billion new beef eaters) will have also increased demand significantly.

      Therfore in the short term you might have a supply / demand in favor of the buyer, but in the medium – long term there will not only be supply constraints, but also rapidly increased demand.

      This is why ignorant people should not talk about serious things.

      1. noprisoners says:

        “This is why ignorant people should not talk about serious things.”

        Ignorance = a by-product of our public school system

      2. ab says:

        “Ignorance = a by-product of our public school system”

        No. Enough excuses. If you can read then you can learn. If a topic interests you, learn about it. If you don’t put the time in to learn something, you probably have no idea what you’re talking about. What disgusts me is the amount of people who don’t do any due diligence, but insist on giving their two-cents no matter how uninformed it is.

      3. Justin McCray says:

        I❤ you.

      4. Rich says:

        Well said…..

      5. Durpadeedurp says:

        “This is why ignorant people should not talk about serious things.”

        And THIS is why pompous d@uchebags should not talk about ANYTHING.

      6. Chad Sampson says:

        Look at the bright side, all of the steroids and antibiotics and growth hormone prices will be dropping drastically!

        p.s. my family has had a ranch in Celeste for going on a hundred years ,so to all of you suburban wanna be redneck beef experts, please keep your informed opinions to yourselves.

        p.s.s eat illegals there is plenty of them and they are CHEAP

      7. R McInturff says:

        I agree with the initial price decrease, its a shame the writer did not mention that.

      8. Carl David Black says:

        My arrogant friend, this is not a symposium of economists, this is a forum for the general public. And ANYONE can post a comment, including me. As to your post, where are you getting your data about cattle supply?

      9. Ben Dover says:

        “The current surplus is the result of a decreased supply.”

        With such sharp logic, I’m guessing a democrat.

        This is the exact same twisted thinking that is ruining this country.
        To lower our debt, we must spend more.
        Outrageous.

      10. Stephan says:

        Well… I’m sure someone will declare this to be George Bush’s fault, since he is single handedly responsible for virtually everything bad that is happening… or has ever happened.

      11. ab says:

        ““The current surplus is the result of a decreased supply.”

        With such sharp logic, I’m guessing a democrat.

        This is the exact same twisted thinking that is ruining this country.
        To lower our debt, we must spend more.
        Outrageous.”

        Ben Dover: I’m not sure exactly what you’re getting at. The current surplus of beef on the market is the result of larger-than-normal amounts of cows being taken to the slaughterhouse. This will increase the supply of beef today (surplus), but also lower the supply of cows today (future supply of beef). That means tommorrow, and for the next few years, the supply of cows will be less.

        As to your second, completely unconnected, point. You make conservatives like me look bad with your mindless banter. My logic was not flawed, but your misinterpretation of it was. If you had half-a-brain, you could use what I wrote to support your (probably ill-concieved and ignorant) political philosophy.

        You wanna talk about the debt / deficit problem – I could go on for years, but we’re talking cows here!

      12. lol says:

        And THIS is why pompous d@uchebags should not talk about ANYTHING.

        No, this is why serious topics are left to adults. You can go back to NASCAR.

      13. woodNfish says:

        ab wrote: “The current surplus is the result of a decreased supply.”

        No it isn’t. The surplus is caused by ranchers bringing their cattle to the slaughter house early so they can sell them before they lose them to the heat and lack of rain. That is what the article says.

        Other than that one silly statement, I agree with the rest of your comment.

      14. Clark Isaacs says:

        However, what you need to think about is either canning, freezing, or preserving the beef that is in surplus right now. Not just using it up. Yes it will take time to replenish the herds, but that creates opportunity and jobs for those who are in the industry.

        Prices on beef should not rise by the end of the year as indicated. If there is a surpluse and the beef is frozen it should be able to last a lot longer into next year.

      15. JOHN T. FOX says:

        NO PRISONERS IS CORRECT! WHAT YOU GUYS DON’T KNOW IS THAT YOUR SELLING OFF OF CATTLE IS ONLY ONE PIECE OF A GREATER PUZZLE! IN 2006 WE HAD RECORD DEER, TURKEY AND OTHER WILDLIFE IN SOUTHERN IL. THE BUFFALO GNAT WIPED OUT 99.7% OF THOSE POPULATIONS! IT ALSO KILLED ALMOST ALL CHICKENS AND MANY HORSES AND CATTLE!. OUR BUFFALO GNAT HAS NOT GOTTEN THE PRESS OF YOUR DROUGHT, BUT THE EFFECT IS JUST AS DISASTEROUS! WE CAN’T PICK UP THE SLACK, BECAUSE WE’VE ALREADY BEEN HAMMERED! ALSO FISH STOCKS IN THIS AREA ARE INCREASINGLY UNEADIBLE AND ARE DISSAPPEARING QUICKLY. OUR CREEKS ARE DEAD FROM PESTICIDE AND HERBICIDE RUNOFF AND OUR RIVERS ARE DYING. WE ARE FACING A NATIONWIDE MEAT SHORTAGE NOW! IF A CATTLEMAN WANTS TO SAVE A PRIZE BULL OR TWO MY MOMS GOT 16 ACRES AVAILABLE FOR USE.

      16. Bo says:

        I think you meant to wriite “increased supply” in your first sentence and “increased significantly” in you r second. With those corrections, everything else you state makes sense.

      17. Stone Hendge says:

        Chad – I’ve found illegals to be a little tough. Have you had better success stewing, braising or smoking? I’m also still looking for the proper hot sauce – Tobasco seems to clash a bit and Cholula just doesn’t quite do it for me…

      18. Dave says:

        Nonsense. Ranchers don’t breed EVERY cow EVERY year. It’s an EXCUSE to raise their prices and and profits and we’ll buy it lock stock and barrel like we do every time.

        People are so stupid anymore you can sell them dirt.

      19. Mr.Southern says:

        why don’t any of you stupid people step back and think for a min, they are cows – they are everywhere in this country. so what if we go from 1500 to 3000 even if it does in 100 houses thats still a tiny tiny fraction of the beef we have. politics my ass. when will people just shut up realize we are all American and fight on the same team, they are just cows. We WILL be okay, it only takes two months for your tyson chickens to go from the egg to your bbq, and they make an egg a day…

    2. Justin McCray says:

      Read the whole article. They cant afford to feed their cattle so they’re auctioning them off. That means less cows to make beef out of. Meaning price will go up.

      1. Ben Dover says:

        Auctioning them off to who?

        Who is going to buy that many cattle?
        The cows will be relocated. Not taken out of the supply.
        These cows will eventually be processed.

        Supply is not changing. The cost of production is going up. Price will go up to offset the cost of production.

        If these cattle are processed at an accelerated rate so the ranchers do not have to keep feeding and watering them, then you will see a reduction in supply.

        The ranchers are just reacting to current market/production conditions. They are going to reap their profits early knowing that if they don’t they will have fewer head of cattle to make a profit from due to starvation and dehydration. The profits they reap now will tide them over until they can restock their herd.

      2. Marco Rincones says:

        Ben Dover: Your comment of “reap their profits” is a bit questionable. These cows need to eat and drink to survive and grow. No growth = no more weight gain and a smaller, less productive cow at the marketplace. These farmers are not only doing what they need to do now for their own situation, but they are also trying to help the damn cows who are in dire need of feed and water. Having them slaughtered now, well ahead of their prime time if in better weather conditions, is the humane thing to do as well. Some might argue that killing the animal is not humane but that is what these animals are bred for. If you’ve seen a herd of hungry, thirsty cows (or any animal for that matter) and there is no economically feasible way to improve their conditions, then it’s time for the meat packing industry to do its thing.

        There is hardly a more “real-world 24/7” atmosphere than in the high-tech ag world of today. Making the right decisions at the right time mean everything to the bottom line of the farmer/rancher.

      3. JOHN T. FOX says:

        IT WAS POORLY SAID, BUT I UNDERSTAND THE COMMENT. MORE COWS ARE HEADED TO SLAUGHTER THAN IS NORMAL, WHICH MEANS THAT THE SUPPLY OF MEAT WILL BUMP UP. THE CATTLE ARE IN POOR SHAPE SO THE BUMP WON’T BE AS BIG AS YOU WOULD THINK.. FOR THE REST OF THE DECADE THE NUMBER OF CATTLE WILL BE BELOW NORMAL AND THE PRICE OF BEEF WILL BE HIGHER THAN IS NORMAL. THAT IS WHAT HE WAS TRYING TO SAY. WHAT WASN’T CONSIDERED WAS THE DECREASED DEMAND DUE TO UNEMPLOYMENT, HOMELESSNESS, AND DEMAND BEING AFFECTED BY HE CURRENT HIGHER THAN NORMAL PRICES. BOTTOM LINE PEOPLE WILL BE EATING LESS MEAT EACH YEAR IN THIS DECADE AND THE MEAT THAT THEY EAT WILL COST MORE EACH YEAR!

    3. Ron Neff says:

      One very important fact that the writer left out of the story is the fact that cattle numbers in the U.S. are at their lowest numbers since the mid 50’s so……there is a big sell off at a time when the cattle inventory was already very low so this will make the price spike in 3-6 months even higher. If you watch Bloomberg futures prices for cattle, you would have seen that cattle prices have been going up by 20% or so since last summer due to high feed costs (ethanol) so……the issue with the drought is just one more reason beef will be going up. and of course our gov’t is still telling us that inflation is only 2% per year.

    4. Kubby says:

      One of the best rational positions I ‘ve seen in a very long time. Too bad your not in POLITICS! We need a lot more folks like you.

    5. Randy says:

      How does a surplus cause a price increase?

    6. roy rogers says:

      to all you city slickers. ranchers are selling their herds because it cost too mudch to keep them. This is causing an oversupply of beef in the present and will probably mean lower prices at the super market. Hoever, herd sizse will be deplinished and future auctions will see far less cattle at th4e auction. Therefore, for the long term, theis will mean shortages and higher prices for the consumer. Its not reaally rocket science. The price of beef will go up dramatically in the next 6 months., Take it to the bank!

  2. Cole Younger says:

    iam not worried I dont eat beef at all

    1. VegansRus says:

      Me either. I guess they’ll get MORE subsidizing in the fall.

      1. Mikey says:

        As opposed to that 100% self sufficient corn production right?

      2. underpansgnomes says:

        Vegans: The Westboro Baptist Church of vegetarians…

    2. Regulas says:

      1Timothy 4

      1 Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils;

      2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;

      3 Forbidding to marry, [and commanding] to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth.

      4 For every creature of God [is] good, and nothing to be refused, if it be received with thanksgiving:

      1. Chad Sampson says:

        God will kill you if you work on Sundays

        Leviticus 23:30 I will destroy from among his people anyone who does any work on that day.

        I guess all mall workers are doomed…the bible is a book written by PEOPLE

      2. Canary Feather says:

        Chad is a non-believer. People, we live in GRACE times. If you believe on the Lord Jesus Christ, you will be saved. If you are saved, you are under Grace. Don’t quote from Leviticus. The only books of the bible that pertain to US are Romans through Philemon. Read it and learn it. Only those who are not saved try to live by the law. And it’s impossible. You will fail. Yes, PAUL , a man, wrote the books I mention, as God told him to write. Paul was once SAUL, and as Saul he hated God and mocked him. He learned better, as some of you should.

      3. Carl David Black says:

        @Chad: LOL. Jesus said he was the fulfillment of the Law. So, no need to whack the Sunday workers. And remember the woman “who was caught in adultery” and brought before Jesus. People picked up rocks to stone her and he was asked what should be done to her. He started writing in the sand. One by one they all left. He asked the woman, “Where are all your accusers”? “They have gone,” she said. “Neither do I condemn you. Go now and leave your life of sin.” Gotta wonder what he was writing in the sand!
        @Canary: Try to detect the tongue in cheek of Chad’s post and lighten up. If Chad has never experienced the transforming power of the Holy Spirit and had the scriptures opened up to him then OF COURSE he thinks the Bible was only written by people. I used to.

      4. mike says:

        Thanks for some truth..Also look at Gen. 9-3. He’s coming soon.

    3. Robert Harrell says:

      If there is no water for cattle just what do you think plants need too?

      1. Kevin Kirklen says:

        Plants need Electrolytes. It’s what they crave.

      2. Paul says:

        The article is saying there is no hay or grass for the cattle because of lack of rain and there may be scarcity of water for cattle as well causing the cattlemen to sell. Situations like this usually depress the prices of cattle in the short run. In the long run it will probably increase prices unless we have a significant drop in feed prices. You can’t be certain whether the seller is losing or not, but most likely he is. They buyer is hoping he can come out, but that may not be certain as well.

    4. Guess Who says:

      Great. More for me!

  3. Michelle says:

    I would think that given the number of cattle being sold off, the price of beef would drop? Sounds to me like we are going to pay out the backside for these ranchers selling off their cattle regardless though.

    1. Richard Koch says:

      Read the entire article where this is covered and quit making ignorant assumptions!

  4. ag economist says:

    Prices will drop in the short term, but it is the breeding stock that is getting wiped out in record numbers across the state. With no replacements beef prices will rise next year for a longer term. Oklahoma sale barns are at capacity also.

  5. ag economst says:

    Before you gripe about paying out the backside for ranchers remember, Americans pay less than 10% of their income on food, the lowest in the world. Countries in revolt like Egypt or Libya pay close to 40%

    1. Hemroidious says:

      We all ready knew that.

      1. cajred says:

        Then why make your stupid comment?

    2. David says:

      Ergo the countries are in revolt!

    3. Megaflunky says:

      I have only seen Egypt and Libya on the television so I only see the desert and citys, Is there anywhere there to grow cattle? Do they have goverment land to feed upon free of charge? Why should I care what a person living in a desert region pays for food that is costly to grow there pays? Should your comment make me want to pay more? Should I care that these mega farms in Texas, Yes I been there make me willing to pay more because market conditions somewhere else is not as good? You are comparing apples to oranges by your statement. You are no ag economst I think.

    4. Durpadeedurp says:

      Where is that statistic about the American food expenditure coming from? Sounds a bit dubious. Not unimaginable, but still sounds off.

  6. Maven says:

    That is a really stupid headline – did the reporter/editor ever take an econ class? Almost any idiot knows that a surplus leads to prices falling. The really important information in the article is in the last paragraph. (I took a journalism course once. Aren’t you supposed to lead with the most important fact???)

    1. heatherfeather says:

      Maybe an immediate fall in prices. Read the last paragraph.

    2. BillyGoat says:

      Not exactly…the price of an item is determined by supply AND DEMAND (unless the market is tampered with by the Government or there is a cartel).

  7. Big Bear says:

    One more straw on the camel’s back.

  8. philip inuhoff says:

    What is a cattle raiser?

    btw, your headline is terrible… Should have send long term prices.

  9. Paul A'Barge says:

    Hi Everyone,
    please read the very last line of the article. Then go back and re-read the title of the article. Finally, read the entire article.

    This is the only way the title of this article makes sense.

    Also, while you’re at it, remember that the reporter is almost never the same person writing these titles. In this case, the reporter is pretty good. The editor who wrote the title? A complete moron.

    1. maven says:

      I love the “cattle pins” instead of “cattle pens” in paragraph 8. Where IS the editor?

      1. Brutus says:

        Didn’t you hear? They quit teaching spelling and grammar in college, they use the time instead for social issues indoctrination. Have you ever pointed out an error to a young person lately? They get annoyed (the self-esteem movement taught them they’re perfect) and claim it’s “no big deal”.

        I catch at least one whopper of an error daily in an online news item. The talent pool is pretty shallow. I make mistakes all the time, but I’m typing 70wpm, don’t have an editor, don’t reread and spell check it, and don’t get paid for my writing.

      2. General Sturgeon says:

        Exactly. Hard to take an article seriously when the author can’t even be bothered to spell “pen” correctly. Lazy with SIMPLE spelling – how lazy are you with the facts? People assume they know everything and never bother to check details any more. The editor these days is software “spell check”. A little review of supply and demand was in order and she didn’t bother with that either. Almost half the country obviously is ignorant of that concept judging by the current crowd in DC.

  10. ah so says:

    Simple solution: send the excess meat to Japan! They’re complaining about their cattle being nuclear now.

  11. R. Tipton says:

    For the immediate future, the price will likely drop due to the surplus. but that’s a short term impact.

    Since ranchers will have to build up herd size in coming years to recover from this, over the long term it will decrease supply which will lead to higher prices.

  12. Andy VanMiddlesworth says:

    More nonsense .We have had worse trouts and hotter weather in past years and the rancher dealt with. http://stevengoddard.wordpress.com/2011/04/02/1930s-was-the-hottest-decade-in-the-us/ No state has broken their record high temperature during the current millennium.

    1. Mikey says:

      Worse trouts eh? Rainbow or Steelehead?

      1. Bo says:

        I think cutthroat…like you Mikey. Thanks for a little comic relief. This is getting too anal.

    2. C. Neumeyer says:

      Yes, but the excess rains this spring made for shallow root depths in the pasture grass, therefore when the hot weather came the grass had no root base and no way to get water unlike other years.

      1. Dave2 says:

        ’30’s Depression Dust Bowl, here we come!!!

        Don’t think they’ll be coming to California this time though…

    3. JDS says:

      Back in the 50s west Texas ranchers used pear burners to burn the thorns off of prickly pears so the livestock could eat. We are very close to surpassing that drought in terms of severity if we haven’t already.

  13. Lou says:

    LET THE PRICE OF BEEF GO UP, UP & UP! LET GAS GO SKY HIGH TOO. $5-6.00 PER GAL. LET UNEMPLOYMENT HIT 20%. THIS IS WHAT OBAMA WANTS AND YOU ARE GOING TO GET.

    2012 THROW THE AFFIRMATIVE ACTION STUPID DOPE OUT!!

  14. cow says:

    eat mor chikin!

    1. underpantsgnomes says:

      Cow for the win! lol

  15. stella says:

    My concern is for the cows and their suffering. I hope prices go up so high that cattle farmers throw in the towel and find another way to make a living, like growing crops for instance. It’s a sick and filthy business and disgusting beyond words.

    1. underpantsgnomes says:

      Yeah, and I’m sure if we asked some tomatoes and/or ears of corn how they feel being sliced or boiled alive they’d probably complain too. Life sucks when you’re a cow. Good thing I won’t be re-incarnated as one.

      1. Nancy says:

        Vegetables are not sentient creatures like animals, who suffer and feel pain similarly to humans. Your ignorance and lack of compassion is not surprising. We can ignore, justify and make jokes about the suffering of animals because we humans are so superior to animals, right?

    2. Joe says:

      I agree completely Stella, as all humane thinkers do.

      It may not be long until humankind’s next great evolution takes place. I’m talking about “cultured meat”; that is the advent of “growing” meat in the lab, independent of an animal. It might take a little while, but meat eaters will eat cultured meat, and not give it a second thought. We will then move past slaughterhouses.

      1. Mike says:

        Actually we wil,l prefer to eat Solient Green. Bring on the burgers!

    3. AJ says:

      Another human that projects humans characteristics onto animals—get a life—When one of my beef cattle tells me “Give me Liberty or give me death maybe I’ll listen. Until then I’m a PETA member–People Eating Tasty Animals

    4. Marco Rincones says:

      How does one grow crops given the weather conditions that are described in this article? A rancher is getting the most economic return he can with cattle ranching until it gets so dry that there is little for the cattle to eat. Had the same rancher put seeds or plants in the ground this spring his crop would most likely be very poor to nil with not enough water combined with this excessive heat.

  16. Carl says:

    but in the short term, with a surplus, would the cost go down?

  17. Fred says:

    The majority of cattle being sold off are mature cows. They will mostly be made into hamburger meat , not steaks. The price of hamburger will probably drop some with the over supply. The reason prices will rise in the future is these cows won’t be having calves to market next year. I

  18. darrell says:

    first, humans were designed to eat meat. goes back couple hundred thousand years at least.
    second, there are no vegetarians at the top of any food chain.
    third, if we did as some of you so passionately think we should do and not eat meat. in 10 years the human race would start to die from starvation, drought, climate change as the runaway population growth of plant eating animals ate everything we eat.
    so its kill them and eat them, or kill them and what, burn, bury, stuff?
    its a cascading problem that leads to disease and destruction.
    so make mine medium rare, baked potato with the works salad with ranch.

    1. Chad Sampson says:

      Don’t tell the Hindu’s that you must eat meat or starve..that would surprise about a billion people! Also, what eats mountain gorillas or blue whales…I eat meat but i am pretty sure you are wrong.

      1. Guess Who says:

        Like Hindus look healthy?

  19. obvious says:

    eat more chicken

    1. Dave2 says:

      I’ll take pork…the other white meat!

  20. Grandpa says:

    FILL YOUR chainsaw massacre FREEZERS NOW before they run back for the boarder.

    Hitchhiker: The old way, with a sledge! You see that way’s better. They die better that way.

    Franklin: Well how come? I thought the gun was better?

    Hitchhiker: Oh no, with the new way, people put out of jobs.

  21. Fanny Forbes Franklen says:

    Since they’re not going to be trading pork bellies at the CME anymore I bet beef isn’t too far behind. — http://911essentials.com

    What would Hillary have done if you couldn’t have done Feeder/Fat spreads?

  22. Brutus says:

    Only today’s media “professionals” would be able to spin a glut of cattle at the slaughter houses as “prices rising”.

    They’ll rise much later, when herds are smaller. So why put the opposite in the headline? To get us to read their stupid column, of course.

    1. Socrates says:

      I find the stupid comments more amusing than the articles. Its funny to read comments from people who obviously did not read the whole article or are just unable to comprehend what they read.

      1. Bo says:

        Ditto Soccy. I like the succinct ones though…

  23. fred says:

    The healine of this article is worded very poorly.

  24. Bernard says:

    Regarding the lack of water due to the lack of rain can be easily solved if the Federal and state governments involved were to take on a massive infrastructure project of diverting water from the mighty Mississippi to the west with pipelines feeding the Midwest.
    This would lessen our dependency on rain water. help these drought ridden states and bring valuable income to the southern states where the Mississippi runs through.

  25. DeeinPa says:

    Why can’t they freeze the surplus now to avoid higher prices later ?

    1. maven says:

      Why don’t YOU do that and not depend on THEM to do it for you!

      That would be a very smart move – I’ll be stocking my freezer as soon as I see a dip in prices.

    2. Socrates says:

      Freezing requires energy and that increases cost. I wish people would think prior to posting.

      1. mr happy says:

        Hey socrates, if you already have a freezer, you’re spending money to keep it cold anyway…. THINK socrates, THINK!

  26. Albatross Pie says:

    almost the time America…time to ask whether you serve red or white wine with Soyent Green !!!

    Soylent…cheaper and more abundant than Beef…Soylent…itt’s whats for dinner!!!!

  27. Wendy says:

    Where’s the beef?

  28. MN Dairy says:

    The beef herd is already at it’s lowest point since the 1950’s, it is getting steadily smaller. The US is also already a net importer of beef. What happens when we can’t import enough to feed the people of this country? So few of you have any idea how to grow your own, and you will be competing with the Chinese for your food. Could be unpleasant times.

  29. 1ifbyland says:

    As much as I love sirloin, looks like we need to fill all the deer tags this year. To all you ranchers out there…hope there’s better times ahead.

    1. AJ says:

      Find a local beef farmer/rancher and buy direct—– most of what I raise is sold through the local stockyards but I occasionally sell whole beef to locals–saves me time and effort and saves the buyer money.

  30. W Coffman says:

    Price is controled by the big slaughter houses and not the ranchers. If the ranchers controled the price then they would not be struggling. This has been going on for years. The ranchers do all the work and take all the risk and the big slaughter houses and brokers make most of the $$.

  31. Obama Bin Lyin says:

    Makes sense, too much beef so we have to charge you more. Explains why everything must be so expensive, I’ve seen so much of Obama I could vomit.

  32. Joe Sullivan says:

    Started my herd 3 years ago in central new york. I like the increase coming.

  33. dufus says:

    I’ve tried imported beef. Nobody beats our meat.

    1. Socrates says:

      I bet I can find somebody to beat your meat. It won’t be cheap. I know the best in the meat business.

  34. Remmie says:

    If we cut up beasts simply because they cannot prevent us and because we are backing our own side in the struggle for existence, it is only logical to cut up imbeciles, criminals, enemies, or capitalists for the same reasons.
    C.S. Lewis

    1. Tian Li says:

      Here we have the typical Liberal Fascist that goes by the name C.W. Lewis.

  35. Canary Feather says:

    Geez, without all the beef, how will the govn fill us up with growth hormones and chemicals?? Oh yeah, they’ll just add more to the senseless vaccines then make them mandatory, or go to jail.

  36. Joot says:

    ???? Texas isn’t the only place where cattle are raised ! All the cattle ranchers elsewhere are going to try their best to hold out until later this year and into the spring to sell their steers and heifers (for a higher price) so, the middlemen will use this situation to create a fake beef shortage in order to make more profits. (Believe me, I was raised on a cattle ranch and I’ve seen it all before.)

  37. pat says:

    So this is why beef prices are the highest in the history of the nation? Why do not believe anything ever published here?
    And yes. I have a degree in economics.

  38. Kevin Kirklen says:

    Plants need Electrolytes. It’s what they crave.

  39. bobby says:

    Poorly written and poorly edited article. It does not state in one place the rather simple concept that the ranchers can’t feed the cattle now, so there is a large slaughter and a surplus and low prices now, the large slaughter now leading to a shortage and high prices later. That should have been in the lead paragraph.

    Terribly written nonsensical headline. Incompetence

    Obviously the writing is terrible when so many readers are complaining that it does not make sense.

  40. bobby says:

    Is this a national problem or a Texas problem? Up here in the Midwest, the corn looks awesome. What fraction of the beef consumed in the US comes from Texas or the drought-affected area?

    Melissa Newton talked to two people for this article? Could not afford to call the ag econ dept or similar at A&M to get in contact with somebody who might have a clue about the bigger picture?

    Lame.

  41. jeff says:

    LEt’s use Obamanomics on these evil rich cattle barons. Let’s tax’em more to take away their windfall profiles. (/sarcasm off)

  42. Hank Warren says:

    Inflation creeping up food prices, no matter of surplus, yet another violation of our rights. Add it to the list of gov’t violations of our rights:
    They violate the 1st Amendment by placing protesters in cages, banning books like “America Deceived II” and censoring the internet.
    They violate the 2nd Amendment by confiscating guns.
    They violate the 4th and 5th Amendment by molesting airline passengers.
    They violate the entire Constitution by starting undeclared wars for foreign countries.
    Impeach Obama, vote for Ron Paul.
    (Last link of Banned Book):
    http://www.iuniverse.com/Bookstore/BookDetail.aspx?BookId=SKU-000190526

  43. Roddy Piper says:

    BEEF – It’s what’s for dinner……

    Signed,

    Robert Mitchum (RIP)

  44. moonmac says:

    No problem here… Obama will just put more of us on Food Stamps!

  45. Doug Glass says:

    A market glut drives prices down as sellers try to unload excess stock. That’s called supply and demand. But as the glut lessens, and there is likely a shortage since so much stock was sent to the slaughterhouse, LONG TERM prices MAY rise. But that’s only if demand exceeds supply which MAY not happen.

    This article’s title is just another example of pathetic wording chosen by a marginally educated opinion pushing blogger.

  46. shera says:

    There is a surplus right now, so theoretically, beef prices should be down.
    But they are NOT!
    And my money says the prices will continue to rise so that consumers won’t be too shocked when beef prices are really high in the fall.

    Besides, our first lady has decreed that WE all need to lose weight and eat better, so Congress will probably add a huge tax onto the price of beef (and french fries).

  47. Sally says:

    This is a great example of why journalists shouldn’t write about anything they don’t understand. Increase in supply will result in a decrease in price in the short run. This was never mentioned by the author.

  48. originaltexan says:

    oh, and its a cattle pen not “pin”

  49. sick of this stuff says:

    Another terrible result of the terrible policies of Ben Bernanke. He inflates the dollar, so commodity prices (including grain) go up. Everyone needing grain is hammered. Now we’ll have beef shortages with higher prices for years. I just read of a chicken factory on MD shore that was closing because the feed costs too much, and they can’t make any money. Employees all laid off, local shops lose business, suppliers lose business, truckers, etc. Bernanke’s helicopter full of money doesn’t work in practice, it only makes things worse. For two years he’s been dumping money into the economy (illegal under the Federal Reserve Act!), and we are no better than when he started – 9.2% official unemployment, etc. We need to incarcerate the heads of the big banks, liquidate the big banks which are insolvent, restore the rule of law in the capital markets, and cut spending so we live within our means. How much are you willing to put up with America??? Now you’ll be paying higher beef prices for years. Where is the outrage?

  50. kendrick1 says:

    Water seeks its own level. So will the food market, if we leave it alone!!!

    Aside: Defund the United Nations!!

  51. Scott says:

    I’ll bet the Eco-Terrorists will love this…

  52. Okie says:

    I think its all a bunch of BULL!!!

  53. Travelassie says:

    Unfortunate for the cattle ranchers, but the current price of beef has about made me figure I can’t afford it now. So they can raise the prices all they want, I’m not likely to buy it in the future.

  54. darrell says:

    actually, everyone needs to eat more beef. its good for the enviornment. every cow you kill to eat takes that much more methane gas out of the atmosphere which is a worse gas than carbon dioxide. so help the planet, eat steak. besides, they have to make those $300.00 purses out of something ladies.

  55. trailblazer1 says:

    Yesterday the pound of sliced roast beef was $11.49 at a local store here in So CAL. Can you say, bologna? So, what will it be by winter?

  56. Rex says:

    If there’s a glut of beef on the market, won’t the price go down, at least in the short term?

  57. Ratt says:

    Why the scare mongering, beef prices fluctuate from year to year. At $4 a gallon of gas still can’t afford the Black Angus, ;-(

  58. ranger01 says:

    Cattle Surplus – Who are they trying to fool? More beef = cheaper prices! Less beef = costly prices! Not bass akwards.

  59. READITAGAIN says:

    PEOPLE………STOP WITH THE BANTER AND RE-READ THE ARTICLE. WHAT WE HAVE HERE IS FAILURE TO COMMUNICATE.

    This is 100% about abnormal weather, preventing livestock starvation, the short and long term impact on supply, and recovery of the market sector.

    QUIT MAKING IT ABOUT YOURSELF.

  60. Fred Farkle says:

    I bet Machelle “Moochie” Obama wont quit grazing on the chiliburgers… that is one hefer that will continue to eat!

    1. Fannie Farkle says:

      Have you seen the A** on that hefer “moochie” lately? HOOOOOOOOOLY MOOOOOOOLY! Moooooooooooooooooo!!

  61. whizzer says:

    I say let’s whomp us up some chicken and pig meat for the next few years. That ought to help hold beef prices down.

  62. 2P cattle company says:

    Hello, Im a cattle buyer and wondering with the sale barns flooded . Why are the prices still so high ?

  63. Morris says:

    ” I’ve found illegals to be a little tough. Have you had better success stewing, braising or smoking? I’m also still looking for the proper hot sauce – Tobasco seems to clash a bit and Cholula just doesn’t quite do it for me.”

    Have you tried Arid (extra dry)?

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