Livestock Marketing Information Center
In The Cattle Markets
Updated: 11/10/2025
USDA to Publish WASDE and Cattle on Feed for November.
The U.S. Government has now been shut down for 40 days, making it the longest shutdown event on record. Impacts are far reaching and range from halted disaster aid payments all the way to cancelled USDA reports and data products that are used by countless stakeholders all over the world. USDA’s World Agricultural Supply and Demand Estimates (WASDE) and Cattle on Feed (COF) reports are two monthly reports that have huge impacts on markets and farmer and rancher decisions throughout the country. USDA did not publish either report in October. With harvest for many crops underway, and farmers making decisions about keeping cattle for breeding or sending them to market, this is a critical time for decision makers on the farm to have access to these reports.
Livestock Monitor
Updated: 11/7/2025
REGIONAL FEEDER CATTLE PRICE UPDATE
Calf and feeder cattle values have softened in recent weeks after impressive growth through a large majority of this year; these events following headlines flush with announcements and news coming out of Washington D.C. Ignoring that noise, we will provide a snapshot of what’s being observed regionally across the U.S.
PORK PRICES MOVE SEASONALLY LOWER
Pork prices continue to move seasonally lower into the fourth quarter of the year. The pork cutout peaked at $120.72 per cwt in late June. Since that peak value in late June, the pork cutout value has fallen about $20 per cwt (-17%) to last week’s value of $100.71 per cwt and will likely continue to move seasonally lower. Compared to the same week last year, the pork cutout value was down $1.64 per cwt (-2%). The year-over-year decline of the pork cutout last week is due to a counter-seasonal move higher in late October, which quickly subsided in November. This rise was driven by increases in primal values for the rib and belly.
TURKEY INDUSTRY STRUGGLING WITH AVIAN INFLUENZA
High Path Avian Influenza (HPAI) is resurfacing as a major problem as the turkey industry gets turkeys ready to move into marketing channels for the Thanksgiving and Christmas seasons. Confirmed cases in birds destined for meat consumption totaled 846,000 head in October, according to the USDA Animal-Plant Health Inspection Service, compared to none in October 2024. The November tally stands at 162,900 birds in the first week of the month. Last year, the total for November was 891,400 birds, so the current monthly trend could be similar to a year ago.
Livestock Monitor (pdf)