Central Texas cattle ranchers are selling off their cattle in record numbers due to drought, the inability to grow grass and skyrocketing feed costs.
At Jordan Cattle Auction, Maxon, TX, 3,000 cattle went up for bidding Monday morning. It is one of the biggest auctions ever.
"We are hurting for grass," says Willard Jordan, owner of Jordan Cattle Auction. " A lot of people don't want to buy the feed to feed them anymore."
Traffic outside of his auction house was backed up with ranchers dropping off their cattle.
"I waited three hours," says John Hever, a rancher from Stonewall. "I have never seen it like that."
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