# USDA projects lower hog prices, adjusts meat production for 2020 - Brownfield Ag News

> USDA lowered its hog price projections, expecting prices to fall in 2019 and 2020 because of large supplies and weaker-than-expected exports. It also trimmed its 2020 meat production forecast, citing slower cow and fed cattle slaughter.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55722-usda-projects-lower-hog-prices-adjusts-meat-production-for-2020-brownfield-ag
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A lower USDA price outlook for hogs signals continued pressure on hog values, while the reduced beef production forecast supports cattle prices.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-02-08 | [Adjusted beef production forecast could be good news - Brownfield Ag News](https://feedsoft.ai/events/60724-adjusted-beef-production-forecast-could-be-good-news-brownfield-ag-news.md) | -1.4% | +0.1% |
| HOGS | 2018-04-17 | [Lower beef and pork prices forecast - Brownfield Ag News](https://feedsoft.ai/events/65666-lower-beef-and-pork-prices-forecast-brownfield-ag-news.md) | +4.2% | +6.1% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |
| HOGS | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.0% | +13.0% |
| HOGS | 2022-03-29 | [Hog futures lower ahead of Quarterly Hogs and Pigs report from the USDA - Brownfield Ag News](https://feedsoft.ai/events/7630-hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report-from-the-usda.md) | -4.1% | +0.7% |
| LCATTLE | 2019-03-15 | [USDA's steer price projection is up - Brownfield Ag News](https://feedsoft.ai/events/60232-usda-s-steer-price-projection-is-up-brownfield-ag-news.md) | +0.6% | -1.7% |
| LCATTLE | 2019-02-08 | [Adjusted beef production forecast could be good news - Brownfield Ag News](https://feedsoft.ai/events/60724-adjusted-beef-production-forecast-could-be-good-news-brownfield-ag-news.md) | +0.4% | +2.8% |
| LCATTLE | 2022-02-28 | [USDA lowers 2022 meat, poultry production forecast \| MEAT+POULTRY](https://feedsoft.ai/events/42652-usda-lowers-2022-meat-poultry-production-forecast-meat-poultry.md) | -1.0% | -0.7% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-projects-lower-hog-prices-adjusts-meat-production-for-2020/

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