Market Outlook

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

Report Summary

Beef/Cattle: The production outlook is raised from last month for both 2024 and 2025. Fourth-quarter 2024 production is forecast marginally higher than last month, raising the annual forecast to 27.025 billion pounds. This is based on a slower expected pace of fed cattle marketings that is more than offset by higher expected cow slaughter and heavier carcass weights for the rest of the year. The outlook for 2025 production is raised to 26.280 billion pounds on higher anticipated fed cattle marketings and heavier carcass weights from last month. Quarterly cattle price forecasts in 2025 are raised each quarter on a faster pace of marketings anticipated next year. Based on September trade data, U.S. beef imports are raised in late 2024 and in second-half 2025. The outlook for U.S. beef exports is raised for next year based on greater expected beef production in 2025.

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Livestock and Meat Domestic Data Livestock and Meat International Trade Data Meat Price Spreads Feed Grains Database International Baseline Data

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Animal Products Animal Policy & Regulatory Issues Corn and Other Feed Grains Crop & Livestock Practices Agricultural Baseline

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