Replacement Cow Prices Hit Records

Article by Progressive Dairy, Audrey Schmitz

Prices for U.S. replacement dairy cows continued climbing into the first half of 2026, reaching a new record high in April, according to the latest quarterly estimates from the USDA. One factor driving replacement cow and heifer prices higher is the continued crossbreeding of portions of dairy herds to beef, which is reducing the supply of dairy replacements available to enter the milking herd. Meanwhile, average cull cow prices have also strengthened in 2026, with first-quarter prices matching the peak reached last September.

U.S. replacement dairy cow prices averaged $3,130 per head in April 2026, up $270 (9%) from January 2026 and up $270 (8%) from April 2025.

The USDA estimates are based on quarterly surveys (January, April, July and October) of dairy farmers in 24 major dairy states, as well as an annual survey (February) in all states. The prices reflect those paid or received for cows that have had at least one calf and are sold for replacement purposes, not as cull cows. The report does not summarize auction market prices.

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