$6 Calves, Drought, and the Smallest Herd in 70 Years

$6 Calves, Drought, and the Smallest Herd in 70 Years

February 10, 2026 · 13 min · Episode 63

About this episode

Lane Nordlund discusses cattle prices and inventory with market analyst Don Close at CattleCon.

Cattle prices are sky-high, inventories are at historic lows, and drought is creeping back into the conversation across the West. So where does the cattle cycle go from here? Broadcasting from CattleCon in Music City, Lane Nordlund sits down with market analyst Don Close of Terrain to break down the latest USDA Cattle Inventory Report — showing the smallest U.S. cattle herd since 1951 — and what it really means for cow-calf producers. #LaneCast #LaneCastAg #AgPodcast #CattleMarkets #CattlePrices #BeefIndustry #CowCalf #RanchLife #CattleCycle #USDAReport #CattleInventory #HerdExpansion #ReplacementHeifers #BredCows #CalfPrices #AgEconomics #MarketVolatility #DroughtWatch #WesternRanching #AgTalk #CattleCon #TerrainAg

People in this episode

Host: Lane Nordlund

Guest: Don Close

Topics covered

Keywords

Mentioned in this episode

Organizations: USDA, Terrain

Places: U.S., Music City

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