# Livestock Production Cycles Affect Long-Term Price Outlook for Cattle, Hogs, and Chickens | Economic Research Service

> USDA's Economic Research Service projects U.S. cattle inventories will reach a multidecade low in 2025 and rise to 91.6 million head by 2034. It expects record beef cattle prices in 2026 and continued record pork output, with broiler production reaching successive annual highs.

- Date: 2025-03-17 · published 2025-03-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/25713-livestock-production-cycles-affect-long-term-price-outlook-for-cattle-hogs-and
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

A tight cattle herd through 2026 supports high cattle prices and strong demand for feed, while rising broiler and pork output lifts feed-grain and meal demand over the long term.

## Read by commodity

- HOGS: bullish ▲
- CHICKEN: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-07-18 | [Livestock, Dairy, and Poultry Outlook: July 2022 \| Economic Research Service](https://feedsoft.ai/events/40433-livestock-dairy-and-poultry-outlook-july-2022-economic-research-service.md) | +0.1% | +0.7% |
| LCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +0.8% | +8.0% |
| LCATTLE | 2025-03-07 | [China: Livestock and Products Semi-Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/25572-china-livestock-and-products-semi-annual-usda-foreign-agricultural-service.md) | +2.1% | +6.7% |
| LCATTLE | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +0.0% | +3.5% |
| LCATTLE | 2023-05-31 | [Steer prices hit record high in April 2023 \| Economic Research Service](https://feedsoft.ai/events/35878-steer-prices-hit-record-high-in-april-2023-economic-research-service.md) | +4.4% | +4.4% |
| FCATTLE | 2023-05-22 | [USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range](https://feedsoft.ai/events/4498-usda-foresees-less-beef-production-and-higher-cattle-prices-cattle-range.md) | +13.4% | +12.5% |
| FCATTLE | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | -0.9% | -4.2% |
| FCATTLE | 2023-05-31 | [Steer prices hit record high in April 2023 \| Economic Research Service](https://feedsoft.ai/events/35878-steer-prices-hit-record-high-in-april-2023-economic-research-service.md) | +2.3% | +1.0% |

## Sources

- ers.usda.gov: https://ers.usda.gov/amber-waves/2025/march/livestock-production-cycles-affect-long-term-price-outlook-for-cattle-hogs-and-chickens

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.