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Montana producers received high prices for the 2025 calf crop as U.S. and state cattle inventories fell to historic lows. Imports of live cattle dropped about 50% in the first seven months of 2025 due to screwworm protocols and trade changes.
Crop prices for wheat, barley and pulses were weaker.
Low cattle numbers and reduced live imports keep cattle prices elevated, while weaker grain prices squeeze crop margins.
montanaeconomist.orgJan 15, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
