February 7, 2023

Ag Economy

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
 

1 USDA WASDE

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