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

Warm end to autumn may feel quite mild

13:21 EST

The latest seasonal outlooks issued by the Bureau of Meteorology on Thursday shows that days and nights are likely to be warmer than usual for most of Australia during May.

Was Sydney's smoky morning necessary?

13:24 EST

Smoke from hazard reduction burns caused 'very poor' air quality in Australia's largest capital city during this morning's peak hour commute.

Sydney lost as fog, smoke from hazard reduction burns settles over city

09:34 EST

Sydneysiders could have been forgiven for not knowing where they were this morning after the iconic skyline was shrouded in thick smoke and fog.