- 2019 average prices for Choice Steers are estimated at $115.50/cwt.,1 down slightly from 2018. 2020 prices are forecast slightly higher at $116/cwt. However, many Northeast beef producers serve specialty markets and receive higher prices than national estimates.
- The cattle market outlook suggests that packer margins are growing due to constrained processing capacity. Cattle feeders saw positive margins earlier in the year but are facing volatility and negative margins going forward. Progress on trade with Japan may help prices in 2020.
- The egg market is very challenging with low prices.
1 USDA/WASDE, October 2019