Texas cattle industry hurt by drought

Texas has been the long time leader in the cattle industry with the highest number of head and the most producers. But even though much of the state has received more rainfall this year than the past few, total cattle inventory is still down. Total numbers fell by 600,000 cattle from 2012 to 2013. And it’s down another 3.5-percent this year from last to less than 11 million head. That shortage is pushing the commodity to a premium. TSCRA President Pete Bonds talks drought, cattle prices and what this means for Texas ranchers. Read more at myhighplains.com…