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The USDA's Livestock, Dairy and Poultry Outlook cut its 2026 US beef production forecast slightly to 25.79 billion pounds. Slaughter steer prices are forecast to average $241.66 per hundredweight, up 8% from 2025.
Heavier carcass weights are offsetting lower throughput.
Lower production and firm prices point to continued tight beef supply, supporting cattle values through 2026.
beefweb.comTanya EadieApr 21, 2026After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
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.
