The United States Department of Agriculture reduced its estimate of global meat production for this year in its recent report.
The beef forecast was lowered because of fewer steers, heifers and cows and pork output was cut because of lower lower slaughter rates and lighter carcass weights.
The estimate for broiler chicken production was raised for the third and fourth quarters of 2025, supported by higher weights and hatchery data, with the increase carried into 2026.
Turkey production was also raised for the second half of 2025 but reduced for 2026 on slower growth signals. Egg output was increased for late 2025 and early 2026 as laying hen inventories recover.
Cattle prices were forecast to be higher through the rest of 2025 and into 2026; hog prices are also expected to strengthen on tighter supplies and spillover support from cattle.
Broiler chicken prices were forecast lower on production growth, while turkey prices were raised for late 2025 but held steady for 2026.