USDA lowered its U.S. beef production forecasts for 2026 and 2027 in the November World Agricultural Supply and Demand Estimates (WASDE) report, Meatingplace reports. Fourth-quarter beef production was revised down because of slower fed cattle marketings and lighter dressed weights. The 2027 forecast was also cut because fewer cattle than expected were placed on feed in the second half of 2026, which is expected to reduce marketings early next year. USDA lowered its 2026 cattle price forecast, citing recent price weakness and ample market-ready cattle in the fourth quarter, while its 2027 cattle price outlook was unchanged.
Elsewhere in the report, 2026 pork production was raised on a larger-than-expected supply of market-ready hogs, while broiler production was lowered for both years. Beef import forecasts went up for 2026 and the second half of 2027 on strong domestic demand and lower U.S. production, and beef export forecasts rose slightly on demand in East Asian markets.
Why it matters for producers
Fewer placements now point to tight cattle supplies into 2027, even as near-term prices soften. With supply this tight, every animal kept healthy and accounted for counts.
Source: Meatingplace: USDA Changes Beef, Broiler Production Outlook for 2026 and 2027 (November 11, 2026)
