Steer and Beef Prices Expected to Upward Trend in 2026

The USDA May meat production and price forecast was released, and it includes a 2026 forecast. World Agriculture Outlook Board Chairman, Mark Jekanowski talks about the potential beef production trends revealed in the supply and demand. estimate.

“That 25.1 4 billion pounds, that would be down 1.2 8 billion pounds from 2025 so a pretty sharp tightening of US beef supplies, reflecting the lack of supplies from Mexico, contributing to already tight cattle supplies in the US.”

Jekanowski  says steer prices are expected to continue the upward trend our 2026 calendar

year.

“Steer price forecast is at $222.75 per hundredweight. That would be up $8.25

year over year. And consumer demand for beef is also expected to increase in 2026 as for the first meat trade forecast for the new calendar year, and as for the first meat trade forecast for the new calendar year, Jekanowski  says tightening supplies of beef will result in a lower export forecast for 2026.