Higher Protein Production Forecast Pressures Prices for Livestock Producers

Demand for meat is going to remain firm throughout the rest of 2018, and U.S. livestock producers will continue to see favorable feed prices. But livestock producers are going to be pressured on market prices for beef, hogs and poultry products because of increased production in most livestock sectors. That's the projection from USDA's outlook for livestock and poultry.The beef, pork and broiler industries are all positioned for higher production and expansion. Exports also will rise for beef, pork and poultry products as well, USDA predicts.