Low cattle production driving up beef prices
Consumers are getting hit by rising beef prices after a cattle herds shrink to record lows.
Officials at the Ford County Feed Yard said they have fewer cows and calves this year. The drought over the past few years has forced farmers and ranchers to cut back, because they could not support the larger herds.
Feed prices have also been high.
Nels Lindberg, Ford County Feed Yard, said low beef production means consumers will continue to pay more at the store.
"Meat prices have been high and I suspect they will go higher," Lindberg said. "I don't know if there's any other option given the current supply of calf crop we have."
He predicts beef production to be down six-percent for 2014, and another four-percent next year.