See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Beef/Cattle: The forecasts for beef production are adjusted slightly downward for 2025 but fractionally higher for 2026. In August and September, cattle prices set new record highs which prompted price projections to be raised in the second half of 2025 and carried forward into 2026. Beef imports in July were stronger than expected, climbing 13 percent from last year. The import forecast is raised for the second half of 2025, for a total annual volume that is expected to exceed last year by 16 percent. Beef exports were revised downward in 2025 and 2026 with annual declines of 12 and 4 percent, respectively.