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So right here. This is a black, white face cow. Let's come in. Dollar bill, dollar two, dollar four, dollar six, dollar eight, dollar ten, twelve,

twelve, fourteen, sixteen, sixteen. So one thirty was bought by Ken 12X.

So Ken is the buyer right over here.

Hello and welcome to the Barron Streetwise podcast.

The voice you just heard is Tim Niediken.

He walked me through a Thursday cattle auction in Central Texas Hill Country.

It's the Jordan auction in San Saba.

Jordan has another auction over in Mason, Texas.

It's one of the biggest cattle sellers in the biggest cattle state.

An auction like this Thursday one will go through about 1,100 head of cattle for over $2 million.

That's one head at a time, 15 to 20

seconds each. Steak prices are up 55% in five years, and ground beef is up 69%. But the U.S. cattle

herd just hit a 75-year low. The last time the U.S. herd was this size.

America's population was half what it is today.

So why aren't ranchers running more cattle?

I went to Texas to find out.

Listening in, The Prodigal son returns. Is that how you pronounce that?

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