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Page 12 %u2022 The Midwest Cattleman %u2022 January 2025%u00aeBY CONNOR AGRISCIENCES I L A GE B A R R I E R F I LMSWASDE REPORTProjects HIGHER Cattle Prices & LOWER Beef Production for 2025By CattleRange.comLIVESTOCK & POULTRY:Note: The recent discovery of New World screwworm (NWS) in cattle in the Mexican state of Chiapas has resulted in a restriction on the importation of cattle and bison originating from or transiting through Mexico, effective November 22, 2024. Forecasts in this report reflect this restriction, and in the absence of an official timeline for updated import protocols, it is assumed these restrictions will remain in place indefinitely. Subsequent WASDE forecasts will reflect any officially announced changes in policy when they occur.The forecast for 2024 red meat and poultry production is increased as higher poultry and beef production is partially offset by lower pork production. Beef production is raised on higher steer and heifer slaughter, as well as heavier dressed weights. Pork production is reduced on lighter dressed weights. Broiler production is raised on revised production data for the third quarter, with no changes to the fourth-quarter forecast. Turkey production is raised for the fourth quarter on heavier expected weights, as well as the latest hatchery and production data.For 2025, the beef production forecast is reduced due to the current restrictions on cattle imports from Mexico. The restrictions would result in lower feedlot placements throughout the year and lower beef production, particularly in the second half of 2025. The pork production forecast is reduced on lighter expected dressed weights in the first half of the year. The Hogs and Pigs report, to be published December 23, 2024, will provide estimates of the pig crops and producer farrowing intentions affecting 2025 production. Broiler production for the first quarter is raised based on recent hatchery data indicating more production in early 2025.Beef imports for 2024 are raised on recent data. Beef exports are unchanged. For 2025, beef imports are raised on expected demand for processing-grade beef. Beef exports are lowered based on tighter domestic supplies and less competitive prices. The 2024 pork export forecast is lowered based on recent data. For 2025, the pork export forecast is reduced on lower U.S. production and slower-thanpreviously-expected demand growth in key markets. The broiler export forecast is raised for 2024 on recent trade data. The broiler export forecast for 2025 is also raised on higher production. The turkey export forecast is unchanged for both 2024 and 2025.The cattle price forecast is unchanged for 2024, while the forecast for 2025 is raised on tighter expected cattle and beef supplies. The hog price forecast is raised for 2024 based on prices to-date and these increases are carried into 2025. The broiler price is unchanged for 2024. For 2025, offsetting quarterly changes result in an unchanged annual broiler forecast.Photo: Adobestock.comPhoto: Adobestock.com