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CoBank's Q4 outlook says animal protein markets diverged in the third quarter. Beef remains constrained by a tight cattle supply and rising import reliance, pork has ample supply but needs stronger domestic uptake, and chicken production is expanding into price-sensitive demand.
The report cites USDA-ERS data, including a July cattle inventory of 94.2 million head.
Tight beef supplies support cattle prices, while heavier pork supplies and expanding broiler output add pressure on hog and chicken values. Feed buyers should expect demand for feed to vary by sector.
cobank.comBrian Earnest, Abbi GrovesOct 11, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
