In The Cattle Markets
Contributing Organizations
August 11, 2025
Glynn T. Tonsor, Ph.D.
Professor
Department of Agricultural Economics
Kansas State University
Beef Demand – Key Producer Vitality Driver in 2025
Calendar year 2025 continues to develop as one we are likely to remember for some time. Cattle prices are up substantially, many areas are greener and wetter than in recent years, and yes, we are on the cusp of college football starting (fingers crossed the KC Royals can make a playoff push also!). While good times indeed should be enjoyed, it is prudent to pause and take stock of key fundamentals at play. Here, the outsized role of beef demand is again worth highlighting.
As recently outlined in CBB’s The Drive series (“What’s Demand Got to Do with It?”), producer cattle receipts growing in 2024 were directly the result of higher beef demand. Anytime you can increase volume (carcass weight growth led to small increase in beef production from 2023) AND increase prices per unit we know demand increased – that was precisely the case for beef in 2024.
The Meat Demand Monitor project, beef and pork checkoff supported and based at Kansas State University, since February 2020 has provided timely and novel insights on domestic meat demand that are fully available to all interested parties. Most 2025 base MDM monthly reports have highlighted the direct role of macroeconomics and consumer financial sentiment. Narrowly, households reporting improving finances are much more likely to include meat protein in prior day meals and spend much more on food away-from-home as compared to those reporting stable or deteriorating finances. As shown below, this was still the case in July with 19% reporting improving finances (same as in June).
Given ongoing developments in measures of the U.S. macroeconomic situation, using the MDM to connect changes to meat demand relevance and ultimately producer bottom-lines is highly encouraged. Yes, there are many reasons for cattle producers to smile today but astute management starts with taking stock and accurately assessing one’s situation. As summer wraps up, I hope readers can enjoy a beverage of choice, enjoy a beautiful sunset one evening, and meanwhile take note of the clear and critical role consumer demand has in producer economic vitality.
The Markets
| Week of 8/8/25 | Week of 8/1/25 | Week of 8/9/24 | ||
| 5-Area Fed Steer | all grades, live weight, $/cwt | $242.01 | $243.17 | $191.34 |
| all grades, dressed weight, $/cwt | $381.25 | $383.68 | $304.01 | |
| Boxed Beef | Choice Value, 600-900 lb., $/cwt | $373.67 | $363.69 | $314.49 |
| Choice-Select Spread, $/cwt | $24.13 | $21.27 | $15.46 | |
| 700-800 lb. Feeder Steer | Montana 3-market, $/cwt | $380.00 | — | — |
| Nebraska 7-market, $/cwt | $378.37 | $366.03 | $268.54 | |
| Oklahoma 8-market, $/cwt | $353.88 | $356.75 | $251.77 | |
| 500-600 lb. Feeder Steer | Montana 3-market, $/cwt | — | — | — |
| Nebraska 7-market, $/cwt | $443.74 | $443.50 | $305.25 | |
| Oklahoma 8-market, $/cwt | $415.41 | $414.88 | $296.55 | |
| Feed Grains | Corn, Omaha, NE, $/bu (Thursday) | $3.85 | $3.97 | $3.98 |
| DDGS, Nebraska, $/ton | $137.89 | $138.83 | $147.00 | |
Data Source: USDA-AMS Market News as compiled by LMIC
