Q4 2025 Outlook: Beef Supplies Still Shrinking, Prices Still Soaring

Terrain's senior animal protein analyst, Dave Weaber, previews his Q4 2025 Outlook for beef and cattle, available at https://www.terrainag.com/insights/supplies-still-shrinking-prices-still-soaring/.
• Cattle supplies continue to tighten, and herd expansion has not yet started in a meaningful way.
• Record prices for most classes of cattle have not yet inspired cow-calf producers to retain large numbers of heifer calves.
• When heifer retention begins in earnest, beef supplies will decline and drive another rally in prices even with steady beef demand and spending.

Terrain provides expert analysis and confident forecasting for the customers of:
AgCountry Farm Credit Services https://www.agcountry.com/
American AgCredit https://www.agloan.com/
Farm Credit Services of America https://www.fcsamerica.com/
Frontier Farm Credit https://www.frontierfarmcredit.com/

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