From StateImpact Texas: 

Every time a cow is sold in Texas, a dollar of that sale goes to industry groups that use it to promote and research beef. It’s part of a national program called the “beef checkoff,” and that charge will now rise to two dollars in Texas after a statewide vote by cattle owners.

The price Americans pay for beef hit a record high last month, according to a federal report quietly released Thursday morning. The U.S. Department of Agriculture's monthly "beef values and price spreads" report shows a pound of beef at the grocery store averaged $5.36 across the country. That's an increase of more than a dollar over the past five years. 

So it's all because of the drought making feed ridiculously expensive, right? Well, that's part of it. But there's more to it, according to David Anderson, an agricultural economist at Texas A&M University. 

Nathan Bernier, KUT News

Texas ranchers are applauding Japan’s move to ease restrictions on U.S. beef. Japan will allow imports of meat from American cattle aged 30 months or younger, instead of the current 20 months, according to a statement from the U.S. government. 

“There were a bunch of these cattle that we could not prove they were under 20 months," said Pete Bonds, a rancher in Fort Worth and a vice president with the Texas and Southwestern Cattle Raisers Association.

KUT News

Texas Agriculture Commissioner Todd Staples says he doesn’t expect the Texas beef industry will be significantly affected by a case of BSE — or mad cow disease – found in a California dairy cow.

The disease was discovered when the cow was selected for random sampling. It did not enter the food supply, and mad cow disease cannot be transmitted through milk.

Still, Staples and those in the Texas beef industry are watching the futures markets closely. Prices dropped immediately after the news of the discovery but rebounded overnight.