Record prices for cattle in the USVirginia Tapp, Monday May 19, 2014 - 13:20 EST
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 2014
More breaking news
As residents in New South Wales emerge from under the rug after their , the question on the blue lips of many is what's the best way to stay warm? While many may feel their insides are rapidly chilling, Dr Ollie Jay from the University of Sydney said little was happening to our bodies internally and the cold was all due to "perception".
So far this winter Western Australia has been divided, unseasonably cold in the south and hot in the north.
A national disaster volunteer group wants to expand its services to assist landholders with their pest management.