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The USDA cut its 2027 U.S. beef production forecast to 24.7 billion pounds from 24.8 billion pounds and lowered pork output to 27.8 billion pounds from 28.1 billion pounds in the October WASDE report. Steer prices were unchanged at $2.38 a pound, while the barrows and gilts price estimate slipped to 63 cents from 64 ce
The USDA’s October WASDE lowered the 2027 US beef production projection to 24.7 billion pounds, citing lighter dressed weights and weaker-than-expected feedlot placements.