# Prices for protein under pressure | Meatpoultry.com | October 31, 2016 21:11 | MEAT+POULTRY

> USDA's October WASDE projected lower 2016 prices for steers, hogs, broilers, and eggs, with large supplies expected to pressure prices into 2017. Record red meat and poultry output is forecast for 2017.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73877-prices-for-protein-under-pressure-meatpoultry-com-october-31-2016-21-11-meat
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Ample protein supplies and falling animal prices reduce livestock producers' incentive to expand, which can soften demand for feed grains and meals.

## Read by commodity

- HOGS: bearish ▼
- CHICKEN: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-09-03 | [US beef prices under pressure](https://feedsoft.ai/events/63163-us-beef-prices-under-pressure.md) | +0.6% | +3.8% |
| LCATTLE | 2020-07-13 | [CoBank: Recovery continues for meat, poultry segments \| 2020-07-13  \| MEAT+POULTRY](https://feedsoft.ai/events/52268-cobank-recovery-continues-for-meat-poultry-segments-2020-07-13-meat-poultry.md) | +2.2% | +3.4% |
| LCATTLE | 2018-03-05 | [Higher protein production forecast pressures prices for livestock producers \| Western Livestock Journal](https://feedsoft.ai/events/65941-higher-protein-production-forecast-pressures-prices-for-livestock-producers.md) | -0.1% | -6.7% |
| LCATTLE | 2016-12-23 | [Cattle prices declined in October - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/73417-cattle-prices-declined-in-october-progressive-cattle-ag-proud.md) | +3.7% | +6.4% |
| LCATTLE | 2017-09-19 | [FEEDSTUFFS MEAT PRICE OUTLOOK: September 19, 2017](https://feedsoft.ai/events/69064-feedstuffs-meat-price-outlook-september-19-2017.md) | +2.0% | +4.3% |
| HOGS | 2020-07-23 | [Rabobank: Global pork production under pandemic pressure \| 2020-07-23  \| MEAT+POULTRY](https://feedsoft.ai/events/52128-rabobank-global-pork-production-under-pandemic-pressure-2020-07-23-meat-poultry.md) | +2.2% | +2.2% |
| HOGS | 2020-07-13 | [CoBank: Recovery continues for meat, poultry segments \| 2020-07-13  \| MEAT+POULTRY](https://feedsoft.ai/events/52268-cobank-recovery-continues-for-meat-poultry-segments-2020-07-13-meat-poultry.md) | +9.6% | +10.6% |
| HOGS | 2018-03-05 | [Higher protein production forecast pressures prices for livestock producers \| Western Livestock Journal](https://feedsoft.ai/events/65941-higher-protein-production-forecast-pressures-prices-for-livestock-producers.md) | -0.2% | -13.5% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/15284-prices-for-protein-under-pressure

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