Articles tagged under: Tim Petry

Record Cattle Prices in ’25, Outlook Steady for 2026

Published December 23, 2025

In the latest edition of Agriculture By The Numbers, NDSU Extension Livestock Marketing Specialist Tim Petry provided an outlook on the cattle market. This past year was a record year, driven by six years of declining beef cow numbers and…

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Record After Record Broken

Published August 10, 2025

Cattle prices continue to climb to record highs for both feeder and fed cattle. NDSU Livestock Marketing Specialist Tim Petry explains that tight supplies are working in producers’ favor. “Fed cattle prices record high, $243, $244 average last week, and…

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Record Demand Despite Tariffs

Published May 16, 2025

Even with the 90-day de-escalation of tariffs between China and the U.S., U.S. meat exports to China have ground to a halt.  "In the case then of China, that's our third best customer, and we now are sending them no…

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Beef Herd Rebuild Unlikely Amid Strong Production Levels

Published February 17, 2025

NDSU Extension Livestock Economist Tim Petry says there are numerous reasons a herd rebuild isn't likely any time soon. "We've been going down six straight years now on beef cow numbers. The last couple of years, we've been below the…

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#10 Historic Prices for Feeder Cattle

Published December 29, 2024

Feeder cattle prices are finishing 2024 are record high levels, rounding out the top ten RRFN ag stories of the year. The average price for 500-pound steer calves is $320 per hundredweight. That’s up 19 percent from last year and…

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Cattle Markets Set to End Year Strong, Driven by Holiday Demand

Published December 18, 2024

Cattle markets look to end a strong year on a high note. NDSU Extension Livestock Economist Tim Petry says holiday demand has been a pleasant surprise. "Cutout values are up again and there was really strong demand for ribs for…

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Demand for Calves Defies Fall Trends

Published November 15, 2024

Strong demand for calves has helped counteract seasonal pressure in the local cattle markets. “Usually, the end of October and into November is a tough time to sell calves,” says Tim Petry, livestock economist, North Dakota State University. “But this…

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Calf Prices Remain Strong

Published October 23, 2024

At this year's Outlook Conference for Ag Lenders, NDSU Livestock Economist Tim Petry spoke about the current state of livestock markets. The calf marketing season is just starting. "Calf prices are very similar to last year as all cattle prices…

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Heavier Cattle Hit the Market

Published October 18, 2024

Lower feed costs may encourage feedlots to keep cattle longer, resulting in heavier carcass weights. “They’re putting on enough weight to amount to the equivalent of about 20,000-to-25,000 more head per week,” said Tim Petry, livestock economist, North Dakota State…

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Starting to Rebuild U.S. Beef Herds

Published July 22, 2024

The size of the beef cow herd remains historically low. “In 2022, 76 percent of the beef cow herd was in drought. That’s why we have some of the highest prices now, because of reduced herds,” said Tim Petry, NDSU…

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