Market Outlook

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

Report Summary

Beef/Cattle: The 2024 beef production forecast is virtually unchanged as heavier cattle weights are expected to partially offset tight cattle supplies. The 2025 beef production forecast is raised with expectations of continued high cattle weights and a shift of marketings from late 2024 into early 2025. Minor changes to cattle price projections from last month’s forecast reflect changes in recent price data. The beef trade forecasts are unchanged from last month.