Vital rates of large herbivores normally respond to increased resource limitation by following a progressive sequence of effects on life‐history characteristics from survival of young, age at first reproduction, reproduction of adults, to adult survival. Expected changes in life‐history characteristics, however, should operate through changes in nutritional condition, which is the integrator of nutritional intake and demands represented primarily by the deposition and catabolism of body fat. Elucidating seasonal patterns of nutritional condition and its relative influence on individual and population performance should improve our understanding of life‐history strategies and population regulation of ungulates, provide insight into the capacity of available habitat to support population growth, and allow assessment of the underlying consequences of mortality on population dynamics. We acquired longitudinal data on individual female mule deer (Odocoileus hemionus), and linked those data with environmental and population characteristics. Our goal was to provide a nutritional basis for understanding life‐history strategies of these large mammals, and to aid in the conservation and management of large herbivores in general. We studied a migratory population of mule deer that overwintered in Round Valley on the east side of the Sierra Nevada, California, USA, and was subject to a highly variable climate and predation from a suite of large carnivores. We intensively monitored nutritional and life‐history characteristics of this population during 1997–2009 as it recovered from a population crash, which occurred during 1985–1991. Deer in Round Valley migrated to high‐elevation summer ranges on both sides of the crest of the Sierra Nevada (Sierra crest), where a rain shadow resulted in a mesic and more forested range on the west side compared with xeric conditions east of the Sierra crest. Average survival of neonatal mule deer to 140 days of age during 2006–2008 was 0.33 (SE = 0.091), but was lower for neonates on the west side (0.13, SE = 0.092) compared with those on the east side (0.44, SE = 0.11) of the Sierra crest. Birth mass and nutritional condition of mothers had a positive effect on survival of young; however, those effects were evident only for neonates born east of the crest where predation pressure was less intense compared with the west side. Black bear (Ursus americanus) predation was the main cause of mortality for west‐side young (mortality rate = 0.63, SE = 0.97) compared with canid and felid predation for east‐side young (0.29, SE = 0.076). Mean autumn recruitment of young during 1997–2008 was lower for females on the west side (0.42, SE = 0.037) than for females on the east side (0.70, SE = 0.041) of the crest, and was affected positively by March ingesta‐free body fat (IFBFat) of individual females. At the level of the population, ratios of young‐to‐adult females (1991–2009) were highly variable and strongly related to March IFBFat of adult females during the current and preceding year. Repro...