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

ABC News
Sydney Morning Herald
National Nine News
News Limited

Display Your Local Weather

Weather News

Drought worries grow in Victoria, South Australia with some areas having lowest rainfall on record

17:22 EST

Rainfall totals are the lowest on record over the past year for parts of western Victoria and south-eastern South Australia, weather forecasters are warning.

Agriculture Minister Barnaby Joyce 'takes on board' concern that farmers are struggling to access drought loans

15:53 EST

Agriculture Minister Barnaby Joyce has indicated he might be prepared to consider changes to improve the Federal Government's concessional loans scheme for drought-hit farmers.

Labor, Greens slam Agriculture White Paper for lack of strategic vision or climate change consideration

14:44 EST

Prime Minister Tony Abbott says his government "wants to back people who are prepared to back themselves", and that a newly released vision for Australian agriculture will do just that.