See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Beef/Cattle: The forecasts for beef production are adjusted upward for 2025 on record-setting carcass weights in late 2025, and the trend is carried through to 2026. In November, announcements regarding imported beef from Brazil and a reduction in domestic slaughter capacity depressed cattle prices, and those factors are reflected in lower price forecasts in 2025 and 2026. The November announcements to eliminate the tariff barrier to imported beef from Brazil raised the 2026 beef import forecast. However, beef exports were revised downward in 2026 on weaker anticipated demand in Asia.