FILE - In this Jan. 31, 2011, file photo John Prince, left, and Kevin Hafner, right, vice president of operations at Bob Funk's Express Ranches in El Reno, Okla., move cattle into a pen. The U.S. Agriculture Department, which has been issuing cattle inventory reports in January and July, is eliminating the July report. The USDA says it expects to cut about $10 million from its $156 million budget by eliminating or reducing the frequency of reports in 14 industries. (AP Photo/Sue Ogrocki, File)
Nebraska cattle producers are benefiting from higher beef prices because of drought in the southern Plains and growing demand for beef exports.
The supply of cattle nationwide is decreasing because of the drought in Texas and other cattle producing states. At the same time, demand for U.S. beef exports is increasing.
University of Nebraska-Lincoln Extension educator Randy Saner says the beef market is volatile right now, but he expects prices to rise over time.
That will mean likely more revenue for ranchers and feedlot owners and higher prices for consumers.
UNL agricultural economist Matt Stockton says beef exports have also been gradually improving over the past several years.