Fairfax Media Network

Weather News

Record prices for cattle in the US

Virginia Tapp, Monday May 19, 2014 - 13:20 EST
Audience submitted image
Wes Klett, US beef producer - Audience submitted

Cattle prices in the United States have reached record levels in recent weeks due to tightening supplies.

Seventeen per cent of the national herd has been culled during the course of the country's five-year drought.

US beef producer Wes Klett says that, while many have been forced to leave the industry, those who remain are receiving outstanding prices for their animals.

"We just most recently achieved the highest fat cattle prices in the history of our industry. We've sold cattle for US$1.50 per pound (A$3.20 a kilo), which is unheard of.

"We're seeing the highest calf prices for weaned calves that we've seen in the history of our industry and right now it's a pretty good time to be a cattle producers in the US."


- ABC

© ABC 2014

More breaking news

Sydney Morning Herald
ABC News
National Nine News
News Limited

Display Your Local Weather

Weather News

Record September heat targets QLD

19:29 EST

Parts of southeast Queensland had their warmest September day in more than 70 years today and it will get even hotter later in the week.

Victorian fires: Homes, school holidaymakers come under threat from east coast bushfires

13:45 EST

Bushfires in Victoria's east are threatening properties, and campers heading to Cape Conran, Cabbage Tree Creek and Marlo, east of Lakes Entrance, are being urged to relocate away from the fire area.

Red Cross uses pillowcases to help prepare migrant families for Australia's natural disasters

12:21 EST

Storms can be scary for many of us, but when you are new to Australia and English is not your first language, it can be extra terrifying.