Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 12/4/2017
The Major Livestock and Poultry Market Concern
For the next two years, the major market outlook issue or headwind for all the U.S. livestock and poultry markets is the sheer tonnage of product that will be produced. In both 2018 and 2019, forecasts call for record large total U.S. red meat and poultry output. It is important to note that even though many consumers do some substituting between categories, it is not one-for-one.

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Large Beef, Pork and Chicken Supplies Squeeze Turkey Consumption
Turkey consumption is on a path to decline by about 1% this year compared to 2016's. First quarter 2017 domestic use was up 4-5% year-over-year, but since then volumes have dropped by 3-4%. Preliminary indications for the current quarter suggest that consumption is down half a percent. The slowdown in consumption has resulted in an accumulation of whole birds and parts in frozen inventories.

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U.S. Cattle Import Trends
   The U.S. is on track to import more cattle from Mexico and Canada in 2017 than a year ago. Still, the imports are projected to be below 2015's. The vast majority of cattle imported from Mexico are feeder animals, but from Canada, all types of cattle are purchased.  The major categories are feeder cattle, slaughter steers and heifers, and slaughter cows.

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