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USDA Chief Economist Seth Meyer outlined 2025 expectations at the Ag Outlook Forum, noting the cattle herd continues to shrink despite record feeder prices. He also highlighted swine productivity gains and continued egg industry struggles from repeated HPAI outbreaks.
A shrinking cattle herd keeps beef and feeder prices elevated, while improved hog productivity adds pork supply that could weigh on hog prices.
thebeefsite.comSarah MikesellFeb 28, 2025After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
After 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.
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.
