Texas Cattle Losses Approaching $1 Billion

By: Associated Press
By: Associated Press

COLLEGE STATION, Texas -- Texas agriculture officials say ranchers in the nation's largest cattle-producing state have already lost nearly $1 billion because of the ongoing drought.

Officials said Friday that cattle raisers have lost $829 million since last summer, $569 million of that since November.

Recent rains, though welcome, came too late. Ranchers have spent substantial money on hay and supplemental feed, and the drought losses also include failed wheat crops usually used for grazing.

The U.S. Drought Monitor Map says all of Texas is in some stage of drought for the second straight week.

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