Oklahoma State extension analysis says US beef production is projected to fall about 4.6% in 2026 after a 3.6% drop in 2025, and to decline another 2% to 3% in 2027. Cattle slaughter is down 6.9% year over year through early October, partly offset by heavier carcasses.
Cow-calf producers have strong returns while feedlot margins are tighter.
Shrinking cattle slaughter and beef output keep underlying support under live and feeder cattle prices into 2027. Feedlot margins are squeezed by tighter feeder supplies, which affects demand for feed.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.