Will Texas Panhandle wildfires affect your beef prices? Here's what one expert says

Wildfires have devastated the Panhandle of Texas, destroying hundreds of homes, more than a million acres of land, and thousands of cattle. Many people are left wondering if this localized devastation will have far-reaching effects.

“The catastrophic depths of this particular wildfire go one step further, and it will affect you,” Glenn Beck says.

“Texas leads America by far with the most cattle, and according to Texas Agriculture Commissioner Sid Miller, 85% of the state's cattle population resides in the Panhandle where this fire happened,” he adds.

During an interview with CBS, Miller predicted that 10,000 cattle will have died or will have to be euthanized.

“While the death toll of human lives lost to these fires is low, the loss of livelihood is nothing like we’ve ever seen before,” Glenn says.

Joe Leathers, the general manager of the Four Sixes Ranch, which was affected by the fire, tells Glenn that it’s a “pretty devastating feeling.”

However, he disagrees with Glenn’s assessment that others outside the area will be affected.

“You’re not going to see any immediate change in prices at the grocery store. You’re not going to see a shortage of beef,” Leathers says.

“Even though it’s very devastating to the individuals who lost their ranches, who lost their homes, who lost their livelihood, who lost all these cattle — that number ahead that we have lost is a minute amount,” he explains. “I don’t see a major increase in price at the grocery store.”

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