1. Cattle Market Update Derrell S. Peel
Breedlove Professor of Agribusiness and Extension Livestock Marketing Specialist
Oklahoma State University

2. Commercial Beef Production >>>
Beef Cow Inventory >>>
Livestock Marketing Information Center
Data Source: USDA-NASS, Compiled & Analysis by LMIC and Derrell Peel
2019 Production, 2019 inventory forecast

3. Data Source: USDA-AMS, Compiled and Forecasts by LMIC
Livestock Marketing Information Center

4. 2019 Meat Production and Consumption
Consum. Change
Consum.
Per Capita
Change
2017
2018
2019
2018-
Million lbs. %
Million
lbs.
Retail Lbs.
Beef
26187
27032
+3.2
27504
+1.7
+0.5
57.6
+0.7
Pork
25584
26523
+3.7
27131
+2.3
+1.2
51.6
+1.8
Broilers
41217
42342
+2.7
43125
+1.6
+2.0
93.3
+0.8
Total
99739
102651
+2.9
104454
+1.3
221.0
2018 projected and 2019 forecast
LMIC, October 3, 2018

5. Data Source: USDA-FAS, Oct 2018

6. Data Source: USDA-FAS

7. 2019 Cattle and Beef Market Issues
Herd inventory likely peaking
More beef production, but slowing, due to continued expansion
Domestic and international demand remain key
Prices mostly steady as demand offsets increased supply
Record meat supplies a challenge
Trade/U.S./Global economy uncertain