Regional beef prices hit historic highs - WRCBtv.com | Chattanooga News, Weather & Sports

Regional beef prices hit historic highs

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By BRUCE SCHREINER and RANDALL DICKERSON
Associated Press

NASHVILLE, Tenn. (AP) - There's reason for optimism down on the farm, providing that's a beef cattle operation in Tennessee or Kentucky.

The mid-South states are the center of cow-calf beef production east of the Mississippi River. Kentucky ranks eighth nationally and Tennessee is ninth.

But while cattle prices are up and exports are climbing, a respected academic expert says the opportunity for quick profit may prove too tempting.

University of Tennessee professor emeritus Dr. Emmit Rawls said there are record high prices, but a reduction in the number of cattle, making it a matter of killing the goose that laid the golden egg.

In Kentucky, state cattlemen's association president Mike Bach said farmers have never seen such prices, noting some cattle are selling above $1,000 a head at auction.

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