USDA released its long-term outlook for 2024 - 2032 this week. No surprise that USDA’s projections show the continued tight situation for cattle through 2027, hitting a low next year and not reaching 2021 levels until 2032. For hogs and pork, the outlook is for continued expansion starting this year.
Beef production forecast follows the same pattern; 2022 was the fourth consecutive year for record beef production, topping 28.1 billion pounds. Production is forecast to rebound to that level in 2032, but the interesting thing is that beef production – except for this year and next – stays above the levels of the expansion cycle from 2017 - 2019, and well above the production levels of the last contraction cycles in...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
