# USDA Ag Outlook: Livestock analysts provides 2024 livestock and poultry outlook during 100th annual forum – Wyoming Livestock Roundup

> USDA Livestock analyst Shayle Shagam presented the 2024 Livestock and Poultry Outlook at the 100th Outlook Forum on February 16. Red meat and poultry output is forecast to rise fractionally to 107 billion pounds, after 2023's first decline since 2014 driven by beef. The beef cow herd is at its lowest since 1961.

- Date: 2024-02-23 · published 2024-02-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31623-usda-ag-outlook-livestock-analysts-provides-2024-livestock-and-poultry-outlook
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Fractional growth in total meat output with beef still shrinking keeps cattle supplies tight, supporting beef prices. Gains in pork and poultry add supply competition for other meats.

## Read by commodity

- HOGS: neutral
- CHICKEN: neutral
- 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 | 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 | 2023-03-13 | [USDA's outlook for 2023 - Morning Ag Clips](https://feedsoft.ai/events/36799-usda-s-outlook-for-2023-morning-ag-clips.md) | -0.5% | +4.6% |
| LCATTLE | 2021-11-19 | [Rabobank releases ‘Global Animal Protein Outlook 2022’ \| MEAT+POULTRY](https://feedsoft.ai/events/44000-rabobank-releases-global-animal-protein-outlook-2022-meat-poultry.md) | +2.5% | +3.7% |
| LCATTLE | 2025-03-17 | [Livestock Production Cycles Affect Long-Term Price Outlook for Cattle, Hogs, and Chickens \| Economic Research Service](https://feedsoft.ai/events/25713-livestock-production-cycles-affect-long-term-price-outlook-for-cattle-hogs-and.md) | +2.2% | +2.5% |
| HOGS | 2022-02-15 | [Livestock, Dairy, and Poultry Outlook: February 2022 \| Economic Research Service](https://feedsoft.ai/events/42651-livestock-dairy-and-poultry-outlook-february-2022-economic-research-service.md) | +13.2% | +10.3% |
| HOGS | 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) | +2.3% | +5.5% |
| HOGS | 2022-10-18 | [Livestock, Dairy, and Poultry Outlook: October 2022 \| Economic Research Service](https://feedsoft.ai/events/39085-livestock-dairy-and-poultry-outlook-october-2022-economic-research-service.md) | +1.9% | -2.6% |

## Sources

- wylr.net: https://www.wylr.net/2024/02/23/usda-ag-outlook-livestock-analysts-provides-2024-livestock-and-poultry-outlook-during-100th-annual-forum/

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