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.
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March 26, 2026 03:21 PM
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Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.
March 26, 2026 12:26 PM
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Tight red meat supplies continue supporting livestock markets.
March 26, 2026 10:50 AM
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Recent USDA reports show a steady feedlot supply despite growing consumer demand for beef, ahead of typical seasonal summer trends.
March 25, 2026 03:22 PM
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Dave Duquette, founder of Western Justice, joined us to discuss wolf management, rancher concerns, efforts to return control to the states, and his upcoming documentary, “Wolves: True Conflict.”
March 25, 2026 02:48 PM
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After devastating wildfires swept through Nebraska, Sen. Deb Fischer is championing a bill to expedite the relief process for farmers and ranchers. She joins us with updates on recovery efforts, conditions on the ground, and how the ag community has stepped up to help.
March 25, 2026 10:58 AM
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