SoftSignal Research
WASDE Livestock
U.S. Meats Supply and Use — Beef · Pork · Broilers · Turkey
WASDE #673 July 2026
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U.S. Meat Complex Overview
Total Red Meat & Poultry — production trend and per-species per capita consumption
Total Production 2026
108,118 M lbs
Red Meat & Poultry combined
Per Capita 2026
232.1 lbs
Total meat use per person
Exports 2026
16,640 M lbs
All meats combined
Imports 2026
7,794 M lbs
Foreign competition
Beef
U.S. cattle cycle — herd liquidation ongoing, supply tightening through 2026
Production 2026
25,356 M lbs
-715 vs 2025 (-2.7%)
26th pct
Per Capita 2026
59.4 lbs
vs normal: 90th pct
90th pct
Imports 2026
6,059 M lbs
competition from abroad
Exports 2026
2,331 M lbs
demand from global buyers
Attribute 2026 (current) 2025 (prior yr) MoM revision
Production25,356 M lbs26,071 M lbs▼ -150
Imports6,059 M lbs5,388 M lbs▼ -50
Total Supply31,991 M lbs32,061 M lbs▼ -200
Total Use29,095 M lbs28,905 M lbs▼ -190
Exports2,331 M lbs2,579 M lbs▼ -10
Per Capita59 lbs59 lbs—
Ending Stocks565 M lbs577 M lbs—
Pork
Hog production relatively stable — exports to Asia and Mexico the demand driver
Production 2026
27,971 M lbs
+378 vs 2025 (+1.4%)
90th pct
Per Capita 2026
49.6 lbs
vs normal: 37th pct
37th pct
Imports 2026
1,173 M lbs
competition from abroad
Exports 2026
7,237 M lbs
demand from global buyers
Attribute 2026 (current) 2025 (prior yr) MoM revision
Production27,971 M lbs27,593 M lbs▼ -40
Imports1,173 M lbs1,117 M lbs▲ +25
Total Supply29,574 M lbs29,145 M lbs▼ -15
Total Use21,912 M lbs21,744 M lbs—
Exports7,237 M lbs6,972 M lbs▼ -15
Per Capita50 lbs49 lbs—
Ending Stocks425 M lbs430 M lbs—
Broiler (Chicken)
Largest single protein by volume — per capita demand trending higher
Production 2026
49,022 M lbs
+1,529 vs 2025 (+3.2%)
95th pct
Per Capita 2026
106.6 lbs
vs normal: 95th pct
95th pct
Imports 2026
135 M lbs
competition from abroad
Exports 2026
6,599 M lbs
demand from global buyers
Attribute 2026 (current) 2025 (prior yr) MoM revision
Production49,022 M lbs47,493 M lbs▲ +174
Imports135 M lbs152 M lbs—
Total Supply49,942 M lbs48,406 M lbs▲ +173
Total Use42,553 M lbs40,955 M lbs▲ +178
Exports6,599 M lbs6,665 M lbs▼ -20
Per Capita107 lbs103 lbs—
Ending Stocks790 M lbs786 M lbs▲ +15
Turkey
Seasonal demand concentrated in Q4 — avian influenza risk key supply variable
Production 2026
5,056 M lbs
+212 vs 2025 (+4.4%)
10th pct
Per Capita 2026
13.6 lbs
vs normal: 10th pct
10th pct
Imports 2026
36 M lbs
competition from abroad
Exports 2026
424 M lbs
demand from global buyers
Attribute 2026 (current) 2025 (prior yr) MoM revision
Production5,056 M lbs4,844 M lbs▲ +20
Imports36 M lbs38 M lbs—
Total Supply5,266 M lbs5,101 M lbs▲ +20
Total Use4,658 M lbs4,507 M lbs▲ +10
Exports424 M lbs420 M lbs▲ +10
Per Capita14 lbs13 lbs—
Ending Stocks185 M lbs175 M lbs—
WASDE Livestock · SoftSignal LLC · Hub Supplement WASDE #673 · July 2026
Data: USDA WASDE "U.S. Meats Supply and Use" via OCE-WAOB. All values in million pounds unless noted. This report is for informational and educational purposes only. It does not constitute investment advice, a recommendation to buy or sell any security or futures contract, or a solicitation to engage in any trading strategy. SoftSignal, LLC is not a registered investment adviser, commodity trading adviser, or broker-dealer. Past performance is not indicative of future results. Commodity markets involve substantial risk of loss and are not suitable for all investors. You should carefully consider your own financial situation, investment objectives, risk tolerance, and consult with a qualified financial adviser before making any investment decisions. Invest at your own risk. SoftSignal, LLC and its affiliates disclaim any liability for any direct, indirect, incidental, or consequential losses or damages arising from the use of, or reliance on, the information contained in this report. All data is sourced from third parties (USDA, CFTC, CME, etc.) and while we strive for accuracy, we make no warranties regarding its completeness, timeliness, or reliability. For more information, visit www.getsoftsignal.com. © SoftSignal, LLC. All rights reserved.