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
It will be a warm Wednesday for those living along the eastern seaboard as the spring temperature see-saw takes a swing.
West Australian cherry growers could benefit from the massive drop in cherries expected to be grown on the east coast of Australia.
The amount of carbon dioxide in our atmosphere has reached an unprecedented peak and is on track to set a new record in 2016.