USDA July 2020 Livestock Outlook: Higher Carcass Weights Raise Production Forecast

Forward-looking note: this summary may reference forecasts, estimates, or market expectations for informational purposes and is not indicative of future results.

The July outlook noted that a faster‑than‑expected recovery in slaughter and heavier carcass weights lifted the annual U.S. beef‑production forecast to 26.9 billion pounds. Even so, fed‑steer prices were lowered because supplies remained plentiful. May imports fell, but import forecasts for mid‑2020 were revised upward on strong demand for lean beef; exports in May were 31 % below the previous year.

Those forward-looking statements are not indicative of future results and should be reviewed with the original source, current disclosures, and the risk of loss in mind.

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