Livestock Industry Snapshot

USDA forecasts rising prices for choice steers with 2022 average prices at $144.40/cwt. and 2023 prices forecast at $162/cwt.
Likewise, broiler prices are estimated to have risen significantly at $1.41/lb. in 2022, but forecast to decline to $1.27 in 2023. Eggs are estimated at $2.82 oz for 2022, an increase of more than $1 over 2021’s average price of $1.19. Egg prices are forecast to decline to $2.12 in 2023, remaining elevated due to the impact of Avian Influenza.¹
Strong demand continues to support high prices for animal proteins, but supply will limit volume and rising feed, hay and other input costs will limit producer profits.
Strong demand continues for local and value-added meats and poultry, but some producers report limited availability of slaughter and processing capacity.