The recent floods could help Texas cattle ranchers rebuild their herds and lower beef prices for consumers, according to The Dallas Morning News.

While rebuilding cattle herds can take more than two years, renewing Texas pasture land with moisture and nutrients is a key step.

Texas is the largest cattle-raising state and the amount of pasture land now in good or excellent condition has doubled since the start of March.

According to the U.S. Department of Agriculture (USDA) data, good or excellent pasture land in Texas is at 71 percent as of May 24. That is the best weekly rating since 2007 and more than the national average of 60 percent.

The USDA data also estimates U.S. beef output will stop dropping in 2015 and see an increase in 2016, which should bring meat costs down.