Livestock Industry Snapshot

USDA forecasts rising prices for choice steers with 2022 average prices forecast at $141.30/cwt. and 2023 prices forecast at $153/cwt.
Likewise, broiler prices are forecast to rise significantly at $1.529/lb. in 2022, but declining to $1.490 in 2023. Eggs are forecast at $2.106/doz for 2022, an increase of nearly $1 over 2021’s average price of $1.185.¹
Strong demand continues to support high prices for animal proteins, but supply will limit volume and rising feed and other input costs will limit producer profits.