USDA average prices for choice steers came in at $108.51/cwt. for 2020. 2021 average prices are forecast at $116.00/cwt., just below 2019’s average of $116.78. Broilers show a similar story at $0.732/lb. in 2020, and $0.845 for 2021, just below 2019’s average of $0.886. Eggs are forecast at. $1.11/doz for 2021, just below 2020’s average of $1.12.
U.S. demand for meats has been steady through the pandemic. Beef, pork, and chicken futures have risen recently on continued strong demand and limited supply growth.
Prices for locally produced meats continue to significantly outpace national commodity prices, and demand remains very strong, continuing the surge seen in 2020.
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