In this LaneCast Ag Podcast, Lane Nordlund talks with Don Close of Terrain about the booming 2025 cattle market and what’s driving record-high calf and bred cow prices. They break down the July USDA Cattle Inventory and Cattle on Feed reports, which confirmed bullish market conditions, the smallest U.S. herd in decades, and continued strong demand despite high prices.

Close discusses herd rebuilding trends, the struggle for young producers to enter the market amid high interest rates, and the challenges of deciding whether to keep or sell heifers this fall. They also examine $5,000 bred heifers, cow-calf dispersals, and whether the industry is on the verge of another rapid expansion cycle like 2014–15.

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