Articles tagged under: Tim Petry

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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Happy Calves

Published May 29, 2024

According to NDSU Extension Livestock Economist Tim Petry, the muddy spring had little influence on calving this spring. "Calving has been going very well this year and it's been a much improved calving season."

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Fall Calf Prices

Published May 7, 2024

According to NDSU Livestock Marketing Specialist Tim Petry, 2024 calf prices will be affected by calf supplies, corn prices, and fed cattle prices. Lower retention rates from last year will create a smaller calf crop this fall. The volatility of…

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Lost Information

Published April 11, 2024

NDSU Extension Livestock Economist Tim Petry says the loss of the USDA July Cattle Report is devastating. The decision is happening when the cattle herd is at a 73-year low. "We're in cyclical transition expecting herd rebuilding to begin, but…

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