Oklahoma State’s Peel says increased beef imports are the expected market response to declining U.S. beef production, especially decreased production of nonfed processing beef.
Total hay production in 2024 was up 3.3 percent year over year and combined with May 1 hay stocks up 46.6 percent over 2023 levels. Total hay supply by 7.9 percent compared to year earlier levels.
Cow-calf returns vary significantly across producers due to widely variable costs of production, but strong market signals for cow-calf producers to expand the beef cow herd.
