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.
The National Pork Board recognized John Parker for more than 40 years of advocacy and leadership.
April 16, 2026 02:30 PM
·
Sen. Roger Marshall joined us to discuss rising input costs, farm support efforts, and legislation aimed at strengthening domestic fertilizer supply.
April 16, 2026 12:35 PM
·
Charly Cummings with Superior Livestock Auction joined us to discuss today’s cattle offering, market demand, and what producers should watch as they plan upcoming sales.
April 16, 2026 12:20 PM
·
David Fisher with the American Lamb Board joined us to discuss a new sustainability program designed to boost producer profitability while supporting stewardship practices.
April 16, 2026 11:57 AM
·
David Gruchot with USDA APHIS joined us to discuss the growing threat of invasive pests and the steps individuals can take to help protect U.S. agriculture.
April 16, 2026 11:32 AM
·
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
April 15, 2026 11:40 AM
·
