A livestock economist says the unprecedented price levels cattle producers are currently seeing could move even higher in 2025. Oklahoma State University’s Derrell Peel says herd expansion will make a difference. “Once we start heifer retention, and depending on how aggressive it is, that’s going to further squeeze the tight supplies that are driving these record-high prices,” he says.
He tells Brownfield there is a lot of volatility and uncertainty in the market, making risk management even more important. “Well, even if the average prices are higher, that doesn’t really matter,” he says.
By Meghan Grebner
March 20, 2025
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