Smaller National Cattle Herd Drives Up Prices in Texas and Oklahoma
What happened
The national cattle herd is smaller than it has been since the 1950s, which is driving cattle prices to historic highs in Oklahoma and Texas. This trend is part of a K-shaped farm economy across the region, where while crop profits are bleak nationwide, Oklahoma is performing well due to cattle sales. High cattle prices are expected to lead to higher prices for beef in stores.
From marketplace.org
Why it matters
The high cattle prices are boosting the agricultural sector in Oklahoma, where beef cows are second only to Texas. This trend affects the regional economy, which is experiencing mixed results, as crop demand is lagging in other parts of farming America.
Shared challenges in the beef supply chain have been reported across Kansas, Oklahoma, and Texas.
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Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KansasSpeculative
Livestock producers in Kansas might see increased revenue due to high cattle prices in the shared regional economy.