Lower Livestock Prices Expected

Randall Weiseman Beef, Cattle, Dairy, Livestock, Pork, Poultry

USDA is forecasting lower livestock prices in 2016. This is for cattle, hogs, poultry, eggs, and milk. Cattle prices are forecast to decline due to larger supplies of heavy cattle, high cold-storage stock levels, and sluggish foreign demand. Hog prices are expected to be lower due to larger hog supplies from recent industry expansion. Poultry and egg prices are also forecast lower as bird numbers and exports recover from Highly Pathogenic Avian Influenza outbreaks in 2015. The 2016 all-milk price forecast is down as a result of increased milk supplies from industry productivity gains, high beginning stocks of dairy products, and weak global demand for certain products.

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