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.
Ag Secretary Brooke Rollins surveys Nebraska wildfire damage as cattle losses, tight supplies, rising imports, and beef industry investigations impact U.S. markets. Roger McEowen outlines legal and tax considerations for ranchers recovering from wildfire damage.
March 23, 2026 11:18 AM
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Spring Weather Creates Uneven Early Season Field Conditions
March 23, 2026 10:50 AM
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USDA Cattle-on-Feed report for March shows slightly lower inventory and higher February placements, signaling a tighter supply but steady outlook for the U.S. cattle herd.
March 20, 2026 03:30 PM
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Nebraska Cattle Rancher Joe Van Newkirk shares his firsthand insight on devastating wildfires in the Sandhills, discusses challenges facing ranchers, long-term calf health concerns, and the recovery efforts underway.
March 20, 2026 01:53 PM
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Nebraska Cattlemen’s Association President Craig Uden shares the latest on Nebraska wildfire conditions, discusses challenges facing producers, and outlines relief efforts underway.
March 20, 2026 01:21 PM
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Ranchers have a lot going on at the moment, but some ‘friendly’ news could be coming with this month’s Cattle-on-Feed Report from the USDA.
March 20, 2026 12:32 PM
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