Ranchers in top cattle state Texas can’t sell their herds fast enough with 100-degree Fahrenheit temperatures making it too expensive to sustain animals.
Costs for feed, fertilizer and fuel have been soaring. There’s also a lack of water in the state, and little hay. That’s resulting in a firehouse of cattle getting auctioned at Texas sale barns. Emory Livestock Auction Inc., just over an hour’s drive east from Dallas, is seeing nearly quadruple normal rates with ranchers in “panic mode,” said Jack Robinson, an 83-year-old auctioneer.