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Beef Prices on the Rise

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TEXOMA - Cattle prices are on the rise, and while it's good news for ranchers, the trickle down is about to cost you a whole lot more. The smallest cattle herd since the 1950's will likely mean higher beef prices at the supermarket for the next several years.

Cattle sale barns like Durant Stockyards have seen an incredible rise in cattle numbers since the devastating drought of 2011. People are simply selling off herds, and with a dwindling cattle population, the price of cattle is expected to rise at rapid rates.

Experts say beef prices could climb as much as 10% in 2012 and 2013, and the increase could be even greater if demand from other countries increases. Consumers are also starting to feel the direct impact of that at the supermarket. Record prices for beef and other meats have been reported,  but there is a light at the end of the tunnel.

Area butchers say that prices are expect to level off somewhat over the next couple of years, and the USDA reports that producers held onto more young cows than expected.

A report in January showed a 1% increase over last year's numbers of young cattle retained.   This means populations will start to increase.