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Heifers Prices, Demand and Supply Overview
In the United States, the highest-cost reporting region, Heifers prices rose roughly 2.1% in Q3 2026, moving from close to USD 7,100/MT in Q2 to about USD 7,250/MT in Q3, and it was a smaller herd, record beef prices, and strong demand from feedlots that most plausibly shaped the move. Across the tracked regions, the global average rose from near USD 4,713/MT in Q2 to just under USD 4,795/MT in Q3, a gain of just above 1.7%. For Q4 2026, a global average of roughly USD 4,510 to 5,080/MT is expected, with herd size, beef prices, and feed costs guiding the range.
Heifers are young female cattle that have not yet calved, and they are traded as feeder animals for finishing or as replacement animals for breeding and dairy herds, with prices commonly quoted on a live weight basis. They are fed in feedlots for beef production, kept as replacements to rebuild breeding herds, and raised as dairy replacements, with beef finishing taking the largest share of demand. Herd size, beef prices, feed costs, replacement demand, and weather and pasture conditions all feed into the price.
Heifers Price Forecast for 2026
The balance of supply and demand for heifers through the end of 2026 leans firm. The American herd is at a multi decade low, fed cattle prices have hit records, and feeder cattle futures traded near 355 dollars per hundredweight. Producers are holding more heifers back for breeding, which tightens supply for feedlots.
The main upside risk is further herd contraction or drought that tightens supply and lifts prices above the forecast range. The main downside risk is a fall in beef prices or imports that eases demand, which would pull prices below the forecast.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 4,510 - 5,080 | Herd contraction guides the range |
| United States | 6,820 - 7,690 | Pasture supply keeps Brazil lowest |
| Brazil | 3,570 - 4,030 | Export demand holds a firm level |
| Australia | 3,300 - 3,720 | Shrinking herds hold a high band |
| Germany | 4,340 - 4,900 | Record beef prices hold the top |
For the Quarter Ending September 2026
Heifers Prices Q3 2026:
- United States: USD 7,250/MT
- Brazil: USD 3,800/MT
- Australia: USD 3,510/MT
- Germany: USD 4,620/MT
Heifers Prices in United States
In the United States, the Heifers price moved to roughly USD 7,250/MT in Q3 2026, a rise of about 2.1% from close to USD 7,100/MT in Q2 2026. The quarter was shaped largely by a smaller national herd, and record beef prices met little resistance.
Why did the price of Heifers change in Q3 2026 in United States?
Low heifer retention for breeding lifted buying across the quarter, and what also helped was higher feed costs. When the two forces came together, they pushed the United States price to roughly USD 7,250/MT.
Heifers Prices in Brazil
Brazil Heifers prices averaged near USD 3,800/MT in Q3 2026, up just above 1.3% from just under USD 3,750/MT in Q2 2026. It was record beef prices that did most of the lifting, with strong demand from feedlots adding support.
Why did the price of Heifers change in Q3 2026 in Brazil?
The quarter turned on Higher feed costs, with firm export demand for beef arriving at almost the same moment. Large pasture based production keeps Brazil among the lowest priced regions. Together they carried the Brazil average to near USD 3,800/MT.
Heifers Prices in Australia
The Australia market for Heifers closed Q3 2026 on an average of roughly USD 3,510/MT, a gain of about 1.7% on close to USD 3,450/MT in Q2 2026. What carried the move was strong demand from feedlots, while low heifer retention for breeding kept buying interest alive.
Why did the price of Heifers change in Q3 2026 in Australia?
Buyers in Australia responded to Firm export demand for beef, which might have been the reason that a smaller national herd found a ready audience. The average for the quarter came to roughly USD 3,510/MT.
Heifers Prices in Germany
Heifers in Germany averaged near USD 4,620/MT through Q3 2026, rising just above 1.5% from just under USD 4,550/MT the quarter before. It appears that low heifer retention for breeding set the tone, and higher feed costs helped the gains hold.
Why did the price of Heifers change in Q3 2026 in Germany?
A smaller national herd lifted buying across the quarter, and what also helped was record beef prices. When the two forces came together, they pushed the Germany price to near USD 4,620/MT.
For the Quarter Ending June 2026
Heifers Prices Q2 2026:
- United States: USD 7,100/MT
- Brazil: USD 3,750/MT
- Australia: USD 3,450/MT
- Germany: USD 4,550/MT
Heifers Prices in United States
The United States market for Heifers closed Q2 2026 on an average of roughly USD 7,100/MT, a gain of about 4.4% on close to USD 6,800/MT in Q1 2026. What carried the move was strong demand from feedlots, while low heifer retention for breeding kept buying interest alive.
Why did the price of Heifers change in Q2 2026 in United States?
The quarter turned on Firm export demand for beef, with a smaller national herd arriving at almost the same moment. A shrinking national herd and record beef prices keep American heifer prices at the top of the range. Together they carried the United States average to roughly USD 7,100/MT.
Heifers Prices in Brazil
Heifers in Brazil averaged near USD 3,750/MT through Q2 2026, rising just above 1.4% from just under USD 3,700/MT the quarter before. It appears that low heifer retention for breeding set the tone, and higher feed costs helped the gains hold.
Why did the price of Heifers change in Q2 2026 in Brazil?
Buyers in Brazil responded to A smaller national herd, which might have been the reason that record beef prices found a ready audience. The average for the quarter came to near USD 3,750/MT.
Heifers Prices in Australia
In Australia, the Heifers price moved to roughly USD 3,450/MT in Q2 2026, a rise of about 1.5% from close to USD 3,400/MT in Q1 2026. The quarter was shaped largely by higher feed costs, and firm export demand for beef met little resistance.
Why did the price of Heifers change in Q2 2026 in Australia?
Record beef prices lifted buying across the quarter, and what also helped was strong demand from feedlots. When the two forces came together, they pushed the Australia price to roughly USD 3,450/MT.
Heifers Prices in Germany
Germany Heifers prices averaged near USD 4,550/MT in Q2 2026, up just above 1.1% from just under USD 4,500/MT in Q1 2026. It was firm export demand for beef that did most of the lifting, with a smaller national herd adding support.
Why did the price of Heifers change in Q2 2026 in Germany?
The quarter turned on Strong demand from feedlots, with low heifer retention for breeding arriving at almost the same moment. A shrinking European herd and high feed and labour costs keep prices well above other regions. Together they carried the Germany average to near USD 4,550/MT.
Quarterly Heifers Price Trends
Summing the changes, the global Heifers average opened the window at close to USD 4,138/MT in Q2 2025, moved to about USD 4,300/MT in Q3 and near USD 4,463/MT in Q4, then firmed to just under USD 4,600/MT in Q1 2026, firmed to just above USD 4,713/MT in Q2 and firmed to roughly USD 4,795/MT in Q3 2026, a net gain of close to 15.9% over the window. Herd size, beef prices, and feedlot demand drove the overall price pattern.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 4,795 | +1.7% | ↑ Rising |
| Q2 2026 | 4,713 | +2.5% | ↑ Rising |
| Q1 2026 | 4,600 | +3.1% | ↑ Rising |
| Q4 2025 | 4,463 | +3.8% | ↑ Rising |
| Q3 2025 | 4,300 | +3.9% | ↑ Rising |
| Q4 2026 | In Progress | - | - In Progress |
What was Heifers Price in 2025?
Heifer prices climbed through 2025 as the herd shrank and beef prices rose to records. The global average rose from about USD 3,975/MT in Q1 2025 to near USD 4,463/MT by Q4, a full-year gain of just under 12.3%.
Heifers Prices in United States in 2025
The United States prices rose from just above USD 4,900/MT in Q1 2025 to roughly USD 6,400/MT by Q4, a gain of close to 30.6%. It was a smaller herd, record beef prices, and strong demand from feedlots that shaped the year.
Heifers Prices in Brazil in 2025
Through 2025 the Brazil average climbed from about USD 3,500/MT in Q1 to near USD 3,650/MT in Q4, a rise of just under 4.3%. What shaped the year was steady cattle supply and firm export demand for beef.
Heifers Prices in Australia in 2025
Australia prices rose from just above USD 3,200/MT in Q1 2025 to roughly USD 3,350/MT by Q4, a gain of close to 4.7%. It was strong export demand for beef and a tighter supply of cattle that shaped the year.
Heifers Prices in Germany in 2025
Germany prices rose from just above USD 4,300/MT in Q1 2025 to roughly USD 4,450/MT by Q4, a gain of close to 3.5%. It was a smaller herd and firm beef prices that shaped the year.
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Frequently Asked Questions About This Report
Beef finishing takes the largest share. Heifers are fed in feedlots, kept as replacements to rebuild breeding herds, and raised as dairy replacements.
The Q3 2026 average was just above USD 7,250/MT in the United States, roughly USD 3,800/MT in Brazil, close to USD 3,510/MT in Australia, and about USD 4,620/MT in Germany. The United States carried the highest cost, on record beef prices and a shrinking herd.
The global average rose from near USD 4,713/MT in Q2 to just under USD 4,795/MT in Q3 2026, a gain of just above 1.7%. A smaller herd, record beef prices, and strong feedlot demand drove the quarterly gain.
Herd numbers stayed low, beef prices held at records, and feedlots kept bidding. Producers retained more heifers for breeding, which cut the supply available for sale.
The global average is expected between roughly USD 4,510 and USD 5,080/MT for Q4 2026. Herd size, beef prices, and feed costs are expected to guide the range, with a stable to firm bias.
The United States holds the premium on record beef prices and a shrinking herd, Germany holds a high band, and Australia and Brazil price lowest on pasture based production.
This page is revised once a month. Readers who need faster refreshes can ask the Expert Market Research team for live data.
Prices respond mainly to herd size, beef prices, feed costs, replacement demand, and weather and pasture conditions.
The United States, Brazil, the European Union, China, and Australia lead cattle production.
Buyers can use quarterly trends to time purchases, follow beef and feeder futures as the lead signals, and plan feed costs before placing animals.
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