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Feedyards, Packers Disrupted by Weather and Energy Shortage

A winter storm and the coldest temperatures in decades has created another crisis for cattle feeders and beef packers. Rolling power outages and natural gas shortages at many High Plains feedyards has hampered efforts to keep cattle fed during these brutal conditions. The deep freeze this week in Texas, which relies on electricity to heat many homes, is causing power demand to skyrocket. At the same time, natural gas, coal, wind and nuclear facilities in Texas have been knocked offline by the record-low temperatures.

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Why High Cattle Prices Still Aren’t Driving Herd Expansion

Video: Why High Cattle Prices Still Aren’t Driving Herd Expansion

Record cattle prices haven't been enough to encourage widespread herd expansion in the U.S. White Oak Pastures owner Will Harris tells Paul Yeager that rising land prices, equipment costs, labor needs and industry consolidation continue to discourage investment.