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USDA lowered its 2026 red meat and poultry production forecast to 107.807 billion pounds, as lower beef and broiler output more than offset increases in pork and turkey. For 2027, it also reduced the total production forecast, citing lower expected beef and broiler output; pork production was raised for 2026, while hog price forecasts were cut amid weak pork cutout values and increased production.
Reduced beef and broiler supplies are supportive of cattle and chicken prices, while higher pork and turkey production adds supply pressure to those markets. Lower hog price forecasts also signal weaker near-term returns for hog producers, potentially tempering feed demand.
nationalhogfarmer.comAnn HessNov 11, 2026After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
Not enough comparable past events yet for a historical read.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
