The beef and dairy industries have long been interconnected, and all dairy producers are beef producers through the sale of market cows, bull calves and beef-on-dairy crossbred calves. Taking this one step further, we want to explore a few of the observations we have made as dairy producers have added a beef enterprise to their dairy operation or made the transition out of dairy.

The September World Agricultural Supply and Demand Estimates report (WASDE) showed the U.S. corn outlook has smaller supplies and a modest decline in ending stocks. Projected beginning stocks for 2024-25 are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-24.

The August World Agricultural Supply and Demand Estimates report (WASDE) showed larger supplies, lower domestic use, greater exports and smaller ending stocks. Projected beginning stocks for 2024-25 are 10 million bushels lower based on a slightly higher use forecast for 2023-24.

The July World Agricultural Supply and Demand Estimates report (WASDE) showed corn has larger supplies, greater domestic use and exports, and slightly lower ending stocks. The season-average farm price received by producers is lowered 10 cents to $4.30 per bushel.

Immediate income opportunities incentivize producers to sell their weaned calves, meaning a greater number of heifers are destined for the cattle feeding sector. Collectively, the cow herd hasn’t expanded as quickly as projected, ushering in amazing value for the replacement female.

The June World Agricultural Supply and Demand Estimates report (WASDE) showed no change to the 2024-25 U.S. corn outlook relative to last month. The season average price received by producers remains at $4.40 per bushel.