According to recent USDA reports, red meat and poultry production forecasts for 2024 have been lowered, reflecting reduced production of beef, pork, broilers, and turkeys in the fourth quarter. The adjustments are based on November production data and preliminary slaughter and weight estimates for December. Meanwhile, 2025 projections indicate varied trends across meat categories, with production dynamics influenced by supply chain shifts and disease outbreaks.
2024 meat production forecasts are lowered, with beef, pork, poultry, and eggs affected by slaughter data and HPAI.
2025 projections vary, with beef and pork production increasing, while broiler and turkey outputs decline due to supply constraints.
Price adjustments in 2025 reflect strong demand for cattle and poultry, while egg prices rise due to ongoing HPAI impacts.

Reductions in beef, pork, broiler, and turkey production in late 2024 contributed to lower forecasts. Egg production also declined due to culling caused by Highly Pathogenic Avian Influenza (HPAI). 2025 Outlook is mixed - Beef production is expected to rise, driven by increased steer and heifer slaughter and higher dressed weights, while broiler and turkey production are lowered, reflecting recent hatchery and slaughter data as well as ongoing HPAI-related challenges.
For 2024, beef import and export estimates are raised, supported by strong shipments from Oceania and South America. The 2025 export forecast remains steady. Pork export forecasts for 2024 are reduced, though 2025 remains unchanged. Broiler exports are down for both years, citing lower supplies and price competition. Turkey exports are also expected to decline for both years, aligning with reduced domestic production.
For 2025, cattle and hog prices are projected to rise due to strong demand and higher poultry prices. Egg prices are also expected to increase, reflecting the impacts of HPAI on flock size. However, turkey prices are projected to decline as weaker late-2024 prices extend into the new year.
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The information provided in this market insight is for general informational purposes and should not be considered financial advice. It is not intended to offer any financial recommendations or endorsements. Any decisions made based on the content are the sole responsibility of the reader.
The information provided in this market insight is for general informational purposes and should not be considered financial advice. It is not intended to offer any financial recommendations or endorsements. Any decisions made based on the content are the sole responsibility of the reader.
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