Cull Cow Prices Hold Firm Despite Seasonal Pressure

Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.

LUBBOCK, Texas (RFD-TV) — Cull cow prices are holding unusually firm heading into late fall, bucking their normal seasonal decline even as beef imports and tariff policy dominate recent headlines.

According to Dr. David Anderson, Livestock Marketing Economist with Texas A&M AgriLife Extension, the market typically weakens this time of year as both beef and dairy operations increase culling after weaning and during herd management shifts. Those seasonal factors usually coincide with softer end-of-grilling-season demand, creating predictable price lows in the fall. But this year’s Southern Plains cull cow market has remained far stronger than expected.

Dr. Anderson notes that Southern Plains cull cow auction prices climbed to roughly $165 per cwt in June and have stayed near that level through the fall, slipping briefly before rebounding each time.

National average cutter cows have eased about $9 per cwt to $126, but live cow prices overall remain historically strong. The cow beef market, however, is acting more traditionally. The boxed cow beef cutout has fallen from $340 to $317 per cwt, and wholesale 90-percent lean trimmings have slid from $436 to $404 per cwt, both reflecting the usual fall decline in cow beef values.

Looking ahead, Dr. Anderson expects dairy-side culling to pick up. USDA’s latest report shows the dairy herd at 9.85 million head, the largest since at least 1993, with September milk production up 4 percent from last year.

Lower milk prices and strong returns from beef-on-dairy breeding are likely to pressure dairy culling higher, while beef cow culling should remain historically low due to tight cow inventories and incentives to expand. That combination — more dairy cows and fewer beef cows entering the pipeline — is expected to keep cull cow prices elevated deeper into winter.

Farm-Level Takeaway: Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than normal this winter despite weaker cow beef cutout trends.
Tony St. James, RFD-TV Markets Specialist
Related Stories
EU simplification may reduce some paperwork, but U.S. exporters still face costly traceability requirements.
U.S. beef imports are running at a record pace while exports are falling, reflecting tight domestic cattle supplies and high U.S. beef prices.
ASFMRA’s Chad Hertz joins us to discuss farmland trends, economic pressures facing producers, and how outside influences are shaping today’s land market.
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Strong corn exports support demand while soybeans lag.
Strong exports and prices are helping offset rising milk supplies.
RealAg Radio’s Shaun Haney discusses the DOJ investigation into U.S. beef packers, concerns about cattle pricing, and ongoing trade and animal health issues affecting producers.
Rep. Dusty Johnson of South Dakota joined us to discuss rising input costs, proposed fertilizer legislation, and potential support for farmers navigating tight margins.
Shifts in energy demand will influence fuel, fertilizer, and input costs.
Summer fuel rules cap ethanol demand and limit corn upside.