NBC's Stephanie Gosk reports the domestic cattle herd is the smallest it has been since 1951. The biggest culprit is California and the Southwest's record water shortages.» Read More
Discussing the impact the current drought as well as rising oil and gasoline on food prices, with Daniel Basse, AgResource president. The drought has caused 35 percent of the planted acreage in Texas and Oklahoma to be abandoned.
Even as much of the south is under water, a drought in Texas is having a devastating impact on corn and soybean crops, with Curt Mowery, Mowery Farms.