See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Beef/Cattle: Based on preliminary December slaughter data, expected fourth-quarter 2024 production has been lowered from last month, bringing the annual total to 26.985 billion pounds. The beef production forecast in 2025 has been raised to 25.790 billion pounds due to heavier expected carcass weights and higher anticipated fed cattle marketings. Projections for most cattle prices are raised from last month on strong demand. Beef trade estimates for 2024 are raised to reflect recent data. The import forecast is raised based on strong weekly import data and firm domestic demand, while the export forecast for 2025 is unchanged.