# USDA Raises Meat Production Estimates - Zia Commodities, LLC

> USDA's January WASDE raised its 2023 and 2024 US beef production forecasts, with higher fourth-quarter beef, pork and broiler output. The 2024 beef import estimate was also raised on expected supplies from Oceania.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32245-usda-raises-meat-production-estimates-zia-commodities-llc
- 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

Larger expected red meat and poultry supplies add pressure to cattle and hog prices, and the broader meat outlook informs feed demand expectations.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-12-04 | [USDA increases beef production forecasts - Grainews](https://feedsoft.ai/events/32852-usda-increases-beef-production-forecasts-grainews.md) | -1.8% | -0.5% |
| LCATTLE | 2023-12-22 | [Commodities Overview Dec 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/11285-commodities-overview-dec-2023-edition-adm-investor-services.md) | +0.7% | +2.7% |
| LCATTLE | 2017-02-14 | [US beef production squeezes imports](https://feedsoft.ai/events/72437-us-beef-production-squeezes-imports.md) | +0.8% | +3.1% |
| LCATTLE | 2018-09-25 | [Increasing beef production: What it means for cattle prices](https://feedsoft.ai/events/63190-increasing-beef-production-what-it-means-for-cattle-prices.md) | +0.7% | +0.0% |
| LCATTLE | 2016-09-02 | [Commodities: Gasoline drops for Labor Day](https://feedsoft.ai/events/8590-commodities-gasoline-drops-for-labor-day.md) | -1.8% | -6.1% |
| HOGS | 2025-01-14 | [USDA Projects an  Increase in US Pork Production – LACO Commodity Research](https://feedsoft.ai/events/26660-usda-projects-an-increase-in-us-pork-production-laco-commodity-research.md) | -0.9% | +5.4% |
| HOGS | 2024-03-20 | [Latest WASDE report raises red meat, poultry production - High Plains Journal](https://feedsoft.ai/events/31165-latest-wasde-report-raises-red-meat-poultry-production-high-plains-journal.md) | -0.2% | +9.0% |
| HOGS | 2024-09-30 | [US Pork Production and Futures Price Range Projection – LACO Commodity Research](https://feedsoft.ai/events/28475-us-pork-production-and-futures-price-range-projection-laco-commodity-research.md) | +1.6% | -1.2% |

## Sources

- ziacommodities.com: https://ziacommodities.com/usda-raises-meat-production-estimates/

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