# USDA forecasts point to less meat, cheaper livestock feed

> USDA's September WASDE cut its 2017 total meat production forecast, with lower beef and broiler output outweighing higher pork and turkey. It also lowered corn and soybean price forecasts and cut 2017 cattle price forecasts to $118-120/cwt.

- Date: 2017-09-13 · published 2017-09-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/69066-usda-forecasts-point-to-less-meat-cheaper-livestock-feed
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Lower USDA corn and soybean price forecasts reduce feed costs for livestock producers, while smaller beef and broiler output supports livestock prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-11 | [USDA: More corn for ethanol, less for feed, ending stocks unchanged](https://feedsoft.ai/events/71443-usda-more-corn-for-ethanol-less-for-feed-ending-stocks-unchanged.md) | -1.1% | +0.9% |
| CORN | 2025-05-14 | [USDA forecasts lower wheat, corn, sorghum prices for 2025/26](https://feedsoft.ai/events/24718-usda-forecasts-lower-wheat-corn-sorghum-prices-for-2025-26.md) | +3.8% | +0.4% |
| CORN | 2021-03-10 | [Wheat inches lower, subdued USDA forecast caps losses - Markets - Business Recorder](https://feedsoft.ai/events/7082-wheat-inches-lower-subdued-usda-forecast-caps-losses-markets-business-recorder.md) | -9.5% | -0.3% |
| CORN | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -1.6% | +1.4% |
| CORN | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -0.3% | +1.5% |
| SOY | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.8% | -0.3% |
| SOY | 2017-04-11 | [USDA: More corn for ethanol, less for feed, ending stocks unchanged](https://feedsoft.ai/events/71443-usda-more-corn-for-ethanol-less-for-feed-ending-stocks-unchanged.md) | +0.5% | +2.5% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |

## Sources

- meatingplace.com: https://meatingplace.com/usda-forecasts-point-to-less-meat-cheaper-livestock-feed/

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