USDA cuts 2025 beef production by 1.5 billion pounds | Weekly Livestock Market Update

Brownfield Ag News

In this Weekly Livestock Market Update, Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk USDA cutting 2025 beef production by 1.5 billion pounds.

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

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This week in the markets:

Live fed cattle prices are $1.20 lower on the week, while feeder cattle prices were $3.00 lower to $3.00 higher this week. June live cattle were down $0.85 on the week, and August feeder cattle were down $4.35 on the week. Choice box beef was $2.30 higher this week. Cash hogs were $0.15 higher this week. June lean hog futures were down $0.65 on the week. Pork cutout values were up $0.50 this week.

Weekly Slaughter:

At the end of the week, cattle slaughter was 622,000 head, unchanged on the week and down 22,000 for the year. Hog slaughter was 2.390 million head, down 17,000 from the previous week but up 28,000 on the year. Year-to-date cattle slaughter is down 4.4% relative to last year, and hog slaughter is up 0.5%.

WASDE:

USDA's May WASDE contained the first estimate for 2025 for livestock markets. They project that beef production will decline by 1.5 billion pounds relative to their 2024 estimate. 2025 pork production is expected to rise by over 300 million pounds relative to 2024. USDA estimates fed steer prices will average $188 in 2025, up $4.50 from their 2024 estimate. They project a 4% decline in 2025 hog prices.

Consumer Sentiment:

The May consumer sentiment report showed a nearly 13% decline in consumer sentiment from last month. The index is at its lowest level in around six months. Inflation, unemployment and interest rates are all given as reasons for the retreat in consumer sentiment.

Next week's reports:

➡︎ Retail Prices

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