Knowledge Exchange

Ag Economy

Livestock

  • 2019 average prices for Choice Steers are estimated at $117/cwt., roughly flat with 2018. 2020 prices are forecast relatively slightly higher at $119/cwt.1 However, many Northeast beef producers serve specialty markets and receive higher prices than national estimates.
  • Market fundamentals remain positive for U.S. beef. Challenges include trade disputes, and the possibility of rising feed costs due to a poor 2019 crop season. However, both domestic and international demand remains robust. Specialty markets for niche producers also look strong for 2019.
  • Egg prices are expected to fall in 2019 from 2018 levels.

1 USDA/WASDE, June 2019