Originally Posted by LMAJ
The cattle industry has taken a hard hit over the last several years because of drought. Ranchers here in Texas and other areas of the country have been struggling to feed and water their herds and with limited vegetation growth there is also limited hay for winter time feed, (also resulting in much higher hay prices). The result has been early sell off of cattle to market for economic reasons and now I think that we may be seeing the aftermath. Now that the herds have been trimmed, there's less going to market and in-turn less beef available.
The law of supply and demand is rearing it's ugly head!