# USDA's steer price projection is up - Brownfield Ag News

> USDA's Outlook Board projected 2019 beef output at 27.3 billion pounds, about 310 million pounds lower than its previous forecast, citing heavier cow slaughter and lighter carcass weights. The fed steer price forecast for 2019 was raised to $119.63/cwt, $1.13 above analyst expectations.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60232-usda-s-steer-price-projection-is-up-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A smaller beef supply forecast combined with solid demand supports higher fed cattle prices. Lower beef output also reduces competition for protein in the feed-grain chain over time.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-12-17 | [USDA projects lower hog prices, adjusts meat production for 2020 - Brownfield Ag News](https://feedsoft.ai/events/55722-usda-projects-lower-hog-prices-adjusts-meat-production-for-2020-brownfield-ag.md) | +0.5% | +4.0% |
| 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 | 2018-12-21 | [Nearby hogs pressured by Cold Storage numbers - Brownfield Ag News](https://feedsoft.ai/events/61700-nearby-hogs-pressured-by-cold-storage-numbers-brownfield-ag-news.md) | +1.9% | +5.1% |
| LCATTLE | 2021-06-29 | [Ag economist says Cattle on Feed report has some good news for cattle prices - Brownfield Ag News](https://feedsoft.ai/events/46711-ag-economist-says-cattle-on-feed-report-has-some-good-news-for-cattle-prices.md) | -0.7% | -1.3% |
| LCATTLE | 2018-11-21 | [Cattle on Feed report has positive news for producers - Brownfield Ag News](https://feedsoft.ai/events/62169-cattle-on-feed-report-has-positive-news-for-producers-brownfield-ag-news.md) | +1.5% | +4.2% |
| FCATTLE | 2021-06-29 | [Ag economist says Cattle on Feed report has some good news for cattle prices - Brownfield Ag News](https://feedsoft.ai/events/46711-ag-economist-says-cattle-on-feed-report-has-some-good-news-for-cattle-prices.md) | +2.7% | +2.8% |
| FCATTLE | 2018-11-21 | [Cattle on Feed report has positive news for producers - Brownfield Ag News](https://feedsoft.ai/events/62169-cattle-on-feed-report-has-positive-news-for-producers-brownfield-ag-news.md) | +0.6% | +0.4% |
| FCATTLE | 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) | +1.5% | +0.1% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usdas-steer-price-projection-is-up/

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