Shrinking cattle herd could equal higher prices

The shrinking Texas cattle herd is likely to translate into higher calf and beef prices years beyond a break in the 2022 drought, according to a Texas A&M AgriLife Extension Service expert. David Anderson, Ph.D., AgriLife Extension economist, Bryan-College Station, said Texas cattle producers have culled earlier and deeper than normal this year due to drought. He suspects the number of culls…