Texas drought threatens cattle ranchers' livelihood

It's auction day at the West Cattle Barn in central Texas, reports CBS News correspondent Don Teague. For 74-year-old rancher Cotton Dietrich, this will be his last. Deitrich is selling off his herd -- all of his cattle -- because the once-fertile grasslands that feed them are gone. Three-quarters of Texas is in extreme or exceptional drought. Lubbock has had less than an inch of rain this year. Houston has had just over an inch-and-a-half in three months -- about the same as the Sahara desert. Wildfires are ravaging the tinder dry landscape, scorching more than two million acres since January. To make matters worse, this is typically the Texas rainy season. "We should be seeing rainfall, so if we don't get rainfall in the next several months, the impact is going to be devastating," said Victor Murphy, meteorologist at the National Weather Service. For Dietrich and thousands of ranchers across Texas, the only choice is to sell their herds or go broke trying to feed them...more