# Higher protein production forecast pressures prices for livestock producers | Western Livestock Journal

> USDA's February 23 livestock and poultry outlook projects higher beef, pork and broiler production in 2018, with beef output forecast at 27.7 billion pounds, up 5.9 percent. Exports of beef, pork and poultry are also expected to rise.

- Date: 2018-03-05 · published 2018-03-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65941-higher-protein-production-forecast-pressures-prices-for-livestock-producers
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Bigger meat supplies from expanding herds and slaughter pressure livestock prices, while relatively favorable feed costs encourage heavier carcass weights and feedlot expansion, supporting demand for feed grains.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-11-22 | [Future prices depend on supply management \| Western Livestock Journal](https://feedsoft.ai/events/67924-future-prices-depend-on-supply-management-western-livestock-journal.md) | +0.9% | +0.8% |
| LCATTLE | 2021-04-09 | [Rising feed prices impact cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/47743-rising-feed-prices-impact-cattle-markets-western-livestock-journal.md) | +0.6% | -3.2% |
| LCATTLE | 2019-10-03 | [Q4 outlooks look gloomy for beef industry \| Western Livestock Journal](https://feedsoft.ai/events/56709-q4-outlooks-look-gloomy-for-beef-industry-western-livestock-journal.md) | +2.3% | +5.9% |
| LCATTLE | 2023-10-27 | [Pete's Comments: Speed bump \| Western Livestock Journal](https://feedsoft.ai/events/33775-pete-s-comments-speed-bump-western-livestock-journal.md) | +0.2% | -5.4% |
| LCATTLE | 2020-08-28 | [Markets slide lower on COF news \| Western Livestock Journal](https://feedsoft.ai/events/51751-markets-slide-lower-on-cof-news-western-livestock-journal.md) | -0.2% | +0.9% |
| HOGS | 2024-03-20 | [Latest WASDE report raises red meat, poultry production - High Plains Journal](https://feedsoft.ai/events/31165-latest-wasde-report-raises-red-meat-poultry-production-high-plains-journal.md) | -0.2% | +9.0% |
| HOGS | 2019-02-22 | [Another Record Year for Meat Production Forecast for 2019](https://feedsoft.ai/events/60541-another-record-year-for-meat-production-forecast-for-2019.md) | -1.1% | +25.0% |
| HOGS | 2023-02-23 | [Smaller Cattle Herd, but Stronger Live Cattle Prices Forecast for 2023](https://feedsoft.ai/events/37272-smaller-cattle-herd-but-stronger-live-cattle-prices-forecast-for-2023.md) | -0.6% | -7.1% |

## Sources

- wlj.net: https://www.wlj.net/higher-protein-production-forecast-pressures-prices-for-livestock-producers/

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