Key Takeaways:
U.S. beef production is forecast to fall 10.5 percent in 2026 and remain unchanged in 2027, despite a mild recovery in fed cattle slaughter. Record beef imports will help offset shrinking domestic production, with imports forecast to increase 14.0 percent in 2026 and another 3.8 percent in 2027. Meanwhile, U.S. beef exports are expected to decline for a fourth consecutive year. Fed cattle prices have additional upside potential in 2027, with WPI forecasting 5-area fed steer prices to reach $267/cwt in the second half of the year, 16 percent above year-ago levels. Feeder cattle prices appear to have peaked, with poor feedlot margins constraining price increases. WPI now forecasts relatively stable values in 2027 followi...
What You Need to Know Today: Attention is turning toward Friday's USDA WASDE report, with traders looking for updated corn and soybean production estimates and revisions to domestic and global supply-and-demand balances. The report could help establish a clearer direction for grain price...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e. lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the ma...
Key Takeaways: Lamb and goat tariffs protect market share, not prices. The flock is too small to respond quickly, and the burden depends on origin: 12.5 percent on Australia and New Zealand, reportedly 37.5 percent plus the base rate on China. Wool is most exposed via the export side. The U.S...
