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Oklahoma State extension economist Derrell Peel explains that seven years of drought-driven herd liquidation have produced record cattle and beef prices. The beef cow herd on January 1, 2025 was 27.86 million head, the smallest since 1961, and the 2025 calf crop is the smallest since 1941.
A structurally shrinking cow herd means tighter cattle supplies for years, supporting feeder and live cattle prices and keeping demand for feed and byproducts like DDGS firm for finishing operations.
beefmagazine.comDerrell Peel2025年10月30日在过去 80 次看涨的天气事件之后，活牛 在 5 个交易日内中位数变动 +0.1%（54% 上涨；中间一半区间为 -0.8% 至 +1.3%），20 个交易日内为 +0.7%。
在过去 79 次看涨的天气事件之后，架子牛 在 5 个交易日内中位数变动 +0.1%（53% 上涨；中间一半区间为 -1.4% 至 +1.7%），20 个交易日内为 +1.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
