Latest Forecast Shows Mixed Expectations For Proteins

The latest USDA meat production forecast showed mixed changes for this year and next.  World Agricultural Outlook Board Chair Mark Jekanowski said the result is price forecast increases in September for both beef and pork for both years.  And at the same time, lower broiler prices for 2025 and 2026.

“Livestock prices remain quite strong, especially for steers. Strong prices for beef and cattle that is likely providing some support to the hog sector as well. Hog prices, we raised $0.50 cwt in both 2025 and 2026.”

The lower broiler price forecast for both years reflects increased production, yet Jekanowski adds broiler prices remain strong.

“Turkey prices also seeing some recent strength," he said, particularly in 2025.

U.S. meat trade forecasts for September were relatively light on changes, reflecting a mostly modest reduction in beef exports.

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