Dry pastures force Texas ranchers to slaughter ever more cows

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By Evan Garcia CROCKETT, Texas (Reuters) – With almost all of Texas in drought, ranchers are sending ever more cattle off to slaughter, a trend likely to increase beef prices over the long term due to dwindling supply from the largest cattle region in the United States. Since mid-July, more than 93% of Texas has been in drought, according to the United States Drought Monitor. As of mid-August, more than 26% of Texas was at the highest level, characterized by widespread loss of pastures and crops as well as water shortages. While conditions are especially acute in Texas, about 54% of all U.S. c…

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