By Andi Anderson
Cattle and beef markets have shown strong performance in the first half of 2025. Prices are sharply higher across all categories, fueled mainly by historically tight cattle supplies.
Oklahoma City steer prices for 500-600 lb calves averaged $347 per hundredweight (cwt), marking a 21% increase over 2024 and more than double the five-year average from 2019-2023.
Feeder cattle prices for 700-800 lb steers averaged $281/cwt, a 17% rise from last year. Fed cattle prices in the five-area region are at $215/cwt, up 16%, while the Choice boxed beef cutout averaged $342/cwt—13% above last year and nearly 31% higher than the five-year average.
These price increases reflect declining cattle inventories. As of January 1, the U.S. cattle herd stood at 86.7 million head — the smallest since 1951. Beef cow numbers dropped again to 27.9 million, and calf crop estimates show fewer feeder cattle available this year, tightening supplies further.
Trade policy and animal health concerns have added uncertainty. Cattle imports from Mexico were disrupted following detections of New World screwworm beyond expected regions.
Though the U.S. began phased border reopenings, feeder cattle trade remains uncertain. Meanwhile, tariffs and unclear trade policies continue to challenge market planning.
Geopolitical tensions, such as the recent Israel-Iran conflict, have also impacted global energy markets, causing volatility that affects agriculture. These risks could trigger unexpected price changes in the months ahead.
Despite these challenges, market outlooks for 2025 remain positive. Low cattle supplies and strong demand are keeping prices high. However, markets will stay sensitive to trade policy, global conflicts, and economic shifts.
Producers and market participants are encouraged to manage price risks carefully, even when prices are favorable, due to ongoing uncertainties in trade and global affairs.
Photo Credit: gettyimages-sstajic
Categories: Ohio, Business, Livestock, Beef Cattle