Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Beef/Cattle: The 2024 beef production forecast is adjusted slightly higher as new slaughter data through early third quarter is higher-than-previously-expected and stronger anticipated marketings in fourth-quarter 2024 are supplemented by elevated cow slaughter. The 2025 beef production forecast is marginally lowered with a shift of marketings from early 2025 into late 2024. Increases to cattle price projections from last month’s forecast reflect changes in recent price data. The beef trade forecasts for second-half 2024 are raised for both imports and exports.