Market Outlook: Livestock, Dairy, and Poultry Outlook: June 2024

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Source: USDA

Report Summary

Beef/Cattle: The 2024 beef production forecast is virtually unchanged as heavier cattle weights are expected to partially offset tight cattle supplies. The 2025 beef production forecast is raised with expectations of continued high cattle weights and a shift of marketings from late 2024 into early 2025. Minor changes to cattle price projections from last month’s forecast reflect changes in recent price data. The beef trade forecasts are unchanged from last month.

The Livestock, Dairy, and Poultry Outlook for June 2024 analyzes economic impacts of month-to-month changes in USDA’s “World Agricultural Supply and Demand Estimates” report on domestic and international markets for beef, lamb, pork, poultry, eggs, and dairy products.

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