United States: Livestock, Poultry, and Dairy Monthly Production Report for June 2025 and 2026 Outlook

Pork production remained unchanged from the previous month. The quarterly pork production report, to be published on June 26, will provide data on pig supplies for slaughter in peripheral regions and in early 2026.

Broiler chicken production has increased due to the latest production and hatchery data.

Turkey production has declined, according to the latest hatchery data.

Egg production has declined due to recent layer inventory data and the recent detection of highly pathogenic avian influenza (HPAI) in commercial layer flocks.

By 2026

In 2026, red MEAT and poultry production increased due to growth in beef and turkey production. Beef production is expected to increase primarily due to higher feedlot occupancy in the second half of 2025 and early 2026, which is expected to lead to higher steer and heifer slaughter in 2026.

Turkey production is increasing due to higher yields.

The forecast for pork and broiler chicken production remains unchanged.

EXPORT

Beef export forecasts for 2025 are rising, driven by recent trade data and continued strong demand from key export markets. Beef imports are also expected to increase due to strong imports from Oceania and South America, as well as robust domestic demand for lean beef for processing.

The pork export forecast for 2025 has been revised downwards due to recent trade data and increased export competition, and for 2026 due to continued export competition.

The broiler export forecast for 2025 has been raised due to recent trade data indicating higher shipments in the second quarter. The broiler export forecast for 2026 remains unchanged.

Turkey's exports are expected to decline in 2025 and 2026 as rising prices in the US are expected to reduce the competitiveness of exports in destination markets.

Prices

Cattle price forecasts for 2025 are rising due to recent price increases and continued demand for livestock. Price increases are also forecast for 2026.

Pork price forecasts are being raised for 2025 based on recent prices, as well as relatively tight pork supplies and rising cattle prices , which are stimulating demand for this product. Pork price increases are projected to continue through early 2026.

Broiler chicken price forecasts for the second half of 2025 and into 2026 suggest an increase, driven by rising prices for other competing animal proteins.

Turkey price forecasts for 2025 and 2026 are also being raised due to recent price increases.

Export

The 2025 pork export forecast has been revised downwards due to recent trade data and increased export competition. Pork exports in 2026 are also expected to decline due to continued export competition.

The broiler export forecast for 2025 has been raised due to recent trade data indicating higher shipments in the second quarter. The broiler export forecast for 2026 remains unchanged.

Turkey's export forecasts for 2025 and 2026 have been revised downwards as rising prices in the US are expected to reduce the competitiveness of exports in destination markets.

The 2025 egg price forecast is lowered slightly in the third quarter due to recent prices, but the 2026 price forecast remains unchanged.

MILK

Milk production forecasts have been raised for 2025 and 2026. According to the latest milk production report, the cow population has been increased for 2025, and milk yield per cow has been increased for 2025 and 2026. Commercial export forecasts for 2025 and 2026 have been raised based on fat, primarily due to competitively priced butter exports, as well as higher cheese and liquid product exports.

On a nonfat basis, export forecasts have been reduced due to lower supplies of skim milk powder (SMP). Import forecasts for 2025 have been increased on both a fat and nonfat basis.

In 2026, imports increase on a non-fat solids basis, but remain unchanged on a fat basis. In 2025, price forecasts for butter , cheese, whey, and NDM are raised compared to the previous month due to recent price increases. The price forecast for all milk is raised to $21.95 per hundredweight.

Butter, cheese, and whey prices are projected to rise in 2026, as strong demand is expected to offset increased milk production. NDM prices remain unchanged from the previous month. Class III and IV milk price forecasts have also been raised. The projected whole milk price in 2026 is $21.30 per hundredweight.