Limited relief rains on cattle ranchers

Texas’ cattle industry, the largest in the nation, with $10.5 billion in cattle sales in 2007, is still under a cloud that the recent rains have not dissipated. Parts of Texas are still in a gut-wrenching drought, and depleted pastures and high cattle-replacement costs could keep the industry from reclaiming its vigor. TSCRA members Frank Helvey, Pearsall, and Ty Keeling, Pleasanton, talk drought, the recent rains and restocking in this article from the San Antonio Express-News. Read more…

Cattle theft on the rise

This CNBC video story on the relationships between the economy, high cattle prices and a rise in cattle theft includes TSCRA member Chris Cannon and Special Ranger H.D. Brittain. Read more…

House panels turn budget axe to automatic cuts

Republicans in six House of Representatives committees next week will dust off their past proposals for reducing the deficit as they try to replace some of the automatic spending cuts set to take place in January. Expected targets for cuts include food stamps, farm subsidies and crop insurance, federal employee pensions and health care. Read more…

GAO study points to crop insurance savings

A Government Accountability Office (GAO) review of the crop insurance program shows a way to save up to $1 billion, by capping premium subsidies. But there’s opposition to the idea. Read more…

February beef export value remains strong

U.S. pork exports remained well ahead of last year’s record pace through February, while beef exports trended slightly lower in volume but posted excellent results in terms of value, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF). Read more…

U.S. Drought Monitor, April 10, 2012

This week 1 to 3 inches of rain fell on northeastern Texas, enough to remove the small Moderate Drought area there and cut back on some Abnormally Dry area. In southwestern Texas, Stockton and Edwards Plateaus, 1 to locally 4 inches of rain diminished Extreme Drought to Severe Drought. And a reassessment of SPI products and agricultural reports indicated improved conditions in the Coastal Bend area where a 1-category improvement was made. In northeastern Oklahoma, the Abnormally Dry (L) area was realigned to better represent hydrologic conditions. This included Lake Skiatook in eastern Osage County which continued to struggle as the lake level declined even with an inch of rain in its watershed. Read more…