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USDA lowered its 2026 and 2027 forecasts for U.S. beef and broiler production in its November WASDE report, citing slower cattle marketings and reduced broiler slaughter. Pork and turkey production forecasts were raised, and beef import forecasts were increased.
Tighter domestic beef and broiler supply supports prices for those meats and pulls in more imports, while higher pork and turkey output adds some offsetting supply. For feed buyers, lower cattle and broiler output points to softer demand for feed grains and meals from those sectors.
meatingplace.comChris MooreNov 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.
