
US dairy consultant Mike McCully told Dairy Day 2026 that dairy-beef calves now sell for $1,150 to $1,200 each, down from $1,800 to $2,000 in June. He said the US dairy herd is at its highest since 1991 while the beef herd is at its smallest in 70 years, and he expects beef prices to stay high until at least 2029.
Strong beef-calf returns are keeping dairy herds in production and pushing dairy farms to hold cows longer, which tightens replacement supply. For feed buyers, a tight beef herd supports cattle prices and sustained demand for beef-cattle and dairy feed.
Not 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.