Market Outlook

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

Average Livestock Slaughter Weights and Milk per Cow

In August, dressed weights for steers and for animals in the barrows and gilts category were lower than August 2020 but above the 2015–19 average. In August 2020, supply-chain bottlenecks likely contributed to higher dressed weights for these animals. Live weights of broilers in August were slightly higher than August 2020 and considerably higher than the 5-year average; broiler weights have been relatively stable in 2021 compared to the volatility of 2020. Average milk per cow in August was about the same as August 2020 but substantially higher than the 2015–19 average.

Pork/Hogs: Information in the September Quarterly Hogs and Pigs report suggests somewhat reduced supplies of animals for processing for much of 2022. Pork production in 2022 is expected to be 27.6 billion pounds, just slightly below forecast production this year. 2022 hog prices are forecast to decline almost 13 percent as moderating domestic demand offsets increasing second-half export demand. Per capita disappearance next year, forecast at 49.7 pounds, is almost 1 pound less than the 2021 forecast and the lowest per capita pork disappearance since 2014.