Despite very low overall numbers of beef cattle in the country, United States beef producers have continued to produce more beef than analysts expected. Here is USDA Chief Economist Seth Meyer.
That contraction taking place from 2024 to 2025. Meyer continues by saying steer prices are already very high in the ag marketplace.
USDA Outlook Board Chairman Mark Jekanowski provides the latest average steer price forecasts for 2024 and 25.
That was USDA Chief Economist Seth Meyer and USDA Outlook Board Chairman Mark Jekanowski.