Rising cattle prices still show no signs of letting up. Recent data from the USDA Livestock, Poultry & Grain Market News report charts the continued upward trend of Missouri feeder steer prices since 2015.
“High prices typically lead to increased profits, which is good news for cattle producers,” says University of Missouri Extension agricultural business specialist Jacob Hefley. “However, this also brings something most producers would rather not think about: a higher tax bill.”
With the signing into law of the 2025 budget reconciliation bill (also known as the “One Big Beautiful Bill Act”), there are a few tax changes to note that may affect planning, says Hefley.
Source : missouri.edu