Lower Beef Production Affecting 2024 Prices

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.

• Apr 21, 2026Beef outlook 2026: Lower production, strong prices and rising imports-0.2%
• Dec 17, 2019USDA projects lower hog prices, adjusts meat production for 2020 - Brownfield Ag News+0.5%
• Jun 13, 2024Cattle prices holding; production contracting+1.9%
• May 22, 2023USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range+0.8%
• Feb 24, 2021Lower 2021 production on reduced slaughter and weights | Ag Proud+1.6%

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.

• Apr 21, 2026Beef outlook 2026: Lower production, strong prices and rising imports+0.5%
• Jun 13, 2024Cattle prices holding; production contracting+0.9%
• May 22, 2023USDA foresees Less Beef Production and Higher Cattle Prices Cattle Range+13.4%
• Apr 5, 2017Calf Price Rally and a Crop Production Report | Ohio BEEF Cattle Letter+4.7%
• Feb 28, 2022USDA lowers 2022 meat, poultry production forecast | MEAT+POULTRY-4.3%