Cattle markets remain historically high. “Production is steady, slightly ahead of last year, with larger cattle weights boosting output,” says Nevil Speer, independent consultant. The average steer carcass weight reached 960 pounds two weeks ago. “The industry has seen a remarkable 179 consecutive weeks of price increases, with only a brief pause in September, followed by another six-week streak of growth.” Speer credits this success to strong consumer demand, which drove the cattle market’s post-COVID recovery.
