# Adjusted beef production forecast could be good news - Brownfield Ag News

> The USDA February Supply and Demand report lowered its 2019 beef production forecast, though the report otherwise changed little. A livestock market adviser said the cut could support cattle prices in the near term. He also noted that the hog sector faces a glut in the first quarter and that African swine fever is a longer-term risk.

- Date: 2019-02-08 · published 2019-02-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/60724-adjusted-beef-production-forecast-could-be-good-news-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A smaller beef supply forecast tightens the outlook for beef and cattle prices, which supports feeder cattle demand for feed. Hog prices remain under pressure from surplus supply.

## Read by commodity

- HOGS: bearish ▼
- 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 | 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% |
| 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 | 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 | 2020-05-14 | [COVID-19 alters red meat, poultry production forecast](https://feedsoft.ai/events/53286-covid-19-alters-red-meat-poultry-production-forecast.md) | +6.1% | +5.2% |
| 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 | 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% | -1.2% |
| HOGS | 2018-05-21 | [2019 could squeeze livestock profitability even more - Brownfield Ag News](https://feedsoft.ai/events/65128-2019-could-squeeze-livestock-profitability-even-more-brownfield-ag-news.md) | +0.2% | +13.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/adjusted-beef-production-forecast-could-be-good-news/

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