# Lower beef and pork prices forecast - Brownfield Ag News

> USDA's Outlook Board projects 2018 beef production 5.5% higher and pork output more than 4% higher. It cut its hog price forecast to $45.78 and expects steer prices to fall by about $5 year over year.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65666-lower-beef-and-pork-prices-forecast-brownfield-ag-news
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Rising beef and pork supplies with weaker packer demand point to lower meat prices, which reduces demand for feed as livestock margins tighten. Chinese tariff losses are expected to be short-term.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-02 | 5 | -6.7% | -3.2 | USDA forecast higher 2018 beef production and lower steer prices, a bearish supply outlook weighing on deferred futures. |

## 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 | 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 | 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 | 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 | 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 | 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) | -0.2% | +1.2% |
| LCATTLE | 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) | +0.1% | -9.0% |
| LCATTLE | 2017-02-24 | [Feeder cattle futures were sharply lower - Brownfield Ag News](https://feedsoft.ai/events/8680-feeder-cattle-futures-were-sharply-lower-brownfield-ag-news.md) | -0.9% | +3.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/lower-beef-and-pork-prices-forecast/

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