Body
by TaraLee Hudson, Elliott Dennis The price difference between steers and heifers has long been a focal point for cattle market analysts, cow/calf producers, feedlot operators, and other industry stakeholders, providing insights into market trends, herd expansion, and feeder cattle demand. Herd expansion remains a lingering question and a topic of ongoing debate in 2025. Current industry headwinds, unlike those of previous cyclical shifts, are becoming increasingly relevant as the industry continues to define the trough of the ongoing cyclical contraction. Amid various confounding factors, revisiting the steerheifer differential provides important clarity in reevaluating this question.