A lot of folks are talking about record bull prices, and rightly so. The cattle market has pushed to historic highs in 2025, and it’s good to see seedstock producers, who’ve been fueling genetic progress for commercial cattlemen, also being rewarded. That said, when you step back and look at the data, it tells an important story. Even though average bull prices are the highest we’ve ever seen, bulls are still undervalued relative to the current market landscape. Right now, the average bull still costs roughly 2.5 feeder calves, which is below long-term norms. “ QUALITY GENETICS = THE BEST LONG-TERM INVESTMENT
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In other words: Bull prices are high, but bull value, relative to feeder calf prices, remains discounted
Genetics remain one of the best long-term investments any producer can make. Even at today’s prices, the market is still telling us that bulls are undervalued relative to the return they generate.
- Jon DeClerck
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