Understanding the relative effects of the many factors that may influence recruitment of ungulates is fundamental to managing their populations. Over the last 4 decades, average recruitment in some populations of elk (Cervus elaphus) in Oregon, USA declined from >50 to <20 juveniles per 100 females, and several competing hypotheses address these declines. We developed a priori models and constructed covariates spanning 1977–2005 from hunter‐killed elk, elk population estimates, cougar harvest, and weather statistics to evaluate abiotic, bottom‐up, and top‐down factors that may explain annual variation and long‐term trends of pregnancy, juveniles‐at‐heel in late autumn, and recruitment of juvenile elk in spring. In models of pregnancy status, August precipitation, age, and cougar index had positive effects, whereas previous year (t − 1) winter severity or winter precipitation(t−1) and elk density had negative effects. In models of juvenile‐at‐heel in late autumn, August precipitation, August precipitation(t−1), cougar index × elk density(t−1), and age had positive effects, whereas cougar index, elk density(t−1), and winter precipitation(t−1) had negative effects. Juvenile recruitment was best explained by positive effects of August precipitation(t−1), lactation rate, and cougar index × elk density(t−1) and negative effects of cougar index and elk density(t−1). Winter severity, precipitation, and temperature were not significant in explaining variation in elk recruitment. Annual variation in pregnancy, juvenile‐at‐heel, and recruitment was most influenced by August precipitation, whereas long‐term trends in recruitment were most influenced by cougar densities with relatively weak effects of elk density. These results provide insight into causes of year‐to‐year and long‐term trends of elk recruitment and provide a basis for more rigorous evaluation of factors affecting recruitment of elk. © 2012 The Wildlife Society.