Despite its continuously shrinking cattle herd, U.S. beef production is running a bit higher than expected this year. It has many worried about what is to come.
According to USDA’s Outlook Chairman, Mark Jekanowski, “We raised our steer price forecast for both 2024 and 2025 this month. For 2024, we have a price forecast of $186.68 per hundred weight. We expect that to strengthen further into 2025 with even tighter supplies. So, our current forecast for 2025 is $188 per hundred weight. That would be up $1.32 per hundred weight year-over-year.”
Jekanowski says that outlook is largely dependent on the decisions cattle producers have made over the last three years and are even making now.
“We’re not retaining many heifers to grow the herd. We keep, you know, pulling those cattle in to feed lots to produce beef today instead of beef months and years ahead,” he adds.
Some analysts believe next year’s prices could be the straw that breaks the camel’s back so to speak, finally triggering producers to retain more heifers for herd expansion.
Low prices are painful now, but production response could support stronger milk markets later in 2026.
February 09, 2026 10:25 AM
·
Merck’s Gary Tiller discusses new virtual fencing technology and how fence-free livestock management could change the way ranchers manage land and cattle.
February 06, 2026 05:03 PM
·
At CattleCon 2026 in Nashville, RealAg Radio’s Shaun Haney discusses profitability, consumer demand, and how the integrated U.S.–Canada beef supply chain impacts cattle producers across North America.
February 06, 2026 04:59 PM
·
Top issues facing the beef industry took center stage at CattleCon this year in Nashville.
February 06, 2026 04:58 PM
San Angelo Stock Show & Rodeo Association’s Trenton Priddy preview this year’s event, which is now streaming on RFD+
February 06, 2026 03:55 PM
·
Representative Henry Cuellar (D-TX), who sits on the U.S. House Appropriations Committee, spoke exclusively with RFD NEWS about what Congress is doing to address screwworm concerns, including funding for a sterile fly production facility in Mexico.
February 06, 2026 12:07 PM
·
