Livestock Industry Snapshot

USDA forecasts rising prices for choice steers with 2022 average prices estimated at $144.15/cwt. and 2023 prices forecast at $156/cwt.
Likewise, broiler prices are estimated to have risen significantly at $1.41/lb. in 2022, but forecast to decline to $1.31 in 2023. Eggs are estimated at $2.78 oz for 2022, an increase of more than $1 over 2021’s average price of $1.19. Egg prices are forecast to decline to $1.94 in 2023.¹