USDA’s latest Meat Price Outlook shows strong demand for meat

Meat prices are an area that analysts are closely watching. The U.S. Dept. of Agriculture (USDA) Outlook Board Chair says there has been strong demand for meat in domestic and international markets.

“Steer prices, we raised $2.51 per hundredweight based on recent observed prices and supported by continued strong beef demand. We raised the hog price forecast by $2.24 per hundredweight. We’ve just been seeing a really strong carcass value as well as some strength in export demand for pork. Broilers, a little bit of price strength. We raised our price forecast by $0.02 per pound based on observed prices.”
Mark Jekanowski, USDA Outlook Board Chair

When it comes to livestock production, the USDA is looking at higher numbers for beef, pork, and broilers this month.

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Farm Traveler is for people who want to connect with their food and those who grow it. Thanks to direct-to-consumer businesses, agritourism, and social media, it’s now easier than ever to learn how our food is made and support local farmers. Here on the Farm Traveler, we want to connect you with businesses offering direct-to-consumer products you can try at home, agritourism sites you can visit with your family, and exciting new technologies that are changing how your food is being grown.
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.