SoftSignal Research
WASDE Livestock
U.S. Meats Supply and Use — Beef · Pork · Broilers · Turkey
WASDE #674 August 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
107,843 M lbs
Red Meat & Poultry combined
Per Capita 2026
231.8 lbs
Total meat use per person
Exports 2026
16,576 M lbs
All meats combined
Imports 2026
7,881 M lbs
Foreign competition
Beef
U.S. cattle cycle — herd liquidation ongoing, supply tightening through 2026
Production 2026
25,035 M lbs
-1,036 vs 2025 (-4.0%)
16th pct
Per Capita 2026
58.9 lbs
vs normal: 74th pct
74th pct
Imports 2026
6,132 M lbs
competition from abroad
Exports 2026
2,333 M lbs
demand from global buyers
Beef US production by WASDE vintage
Report month202620252024
May25,20725,18724,813
Jun25,34225,43224,863
Jul25,88225,53224,768
Aug25,53725,51225,233
Sep25,55725,69225,233
Oct25,99225,343
Nov25,45726,34725,878
Dec25,79225,73226,058
Jan25,80225,85726,178
Feb25,98726,63226,253
Mar25,87726,75226,393
Apr25,85726,76726,523
May25,61626,49026,662
Jun25,50626,42526,657
Jul25,35626,25526,722
Aug25,03525,99226,803
Sep25,89226,862
Oct27,067
Nov25,82227,092
Dec26,01627,102
Jan26,06627,052
Feb26,06727,055
Mar26,06727,055
Apr26,06727,055

How each calendar year's production estimate evolved across successive WASDE reports, aligned on the first projection in May of the prior year. Red = current (2026). A break in a line is a WASDE that was not published — there is no October 2025 report.

Beef US production revision since first projection
Report month202620252024
May+0+0+0
Jun+135+245+50
Jul+675+345-45
Aug+330+325+420
Sep+350+505+420
Oct+805+530
Nov+250+1,160+1,065
Dec+585+545+1,245
Jan+595+670+1,365
Feb+780+1,445+1,440
Mar+670+1,565+1,580
Apr+650+1,580+1,710
May+409+1,303+1,849
Jun+299+1,238+1,844
Jul+149+1,068+1,909
Aug-172+805+1,990
Sep+705+2,049
Oct+2,254
Nov+635+2,279
Dec+829+2,289
Jan+879+2,239
Feb+880+2,242
Mar+880+2,242
Apr+880+2,242

The same vintages rebased to each year's own first projection, so every line starts at zero and years compare directly regardless of herd size. Above the line USDA has raised production since May; below, cut it.

Attribute 2026 (current) 2025 (prior yr) MoM revision
Production25,035 M lbs26,071 M lbs▼ -321
Imports6,132 M lbs5,388 M lbs▲ +73
Total Supply31,744 M lbs32,061 M lbs▼ -247
Total Use28,846 M lbs28,905 M lbs▼ -249
Exports2,333 M lbs2,579 M lbs▲ +2
Per Capita59 lbs59 lbs▼ -0
Ending Stocks565 M lbs577 M lbs
Pork
Hog production relatively stable — exports to Asia and Mexico the demand driver
Production 2026
27,892 M lbs
+299 vs 2025 (+1.1%)
90th pct
Per Capita 2026
49.5 lbs
vs normal: 37th pct
37th pct
Imports 2026
1,174 M lbs
competition from abroad
Exports 2026
7,175 M lbs
demand from global buyers
Pork US production by WASDE vintage
Report month202620252024
May28,38428,41527,365
Jun28,38428,41527,365
Jul28,49428,56527,350
Aug28,39428,56527,350
Sep28,39428,52027,350
Oct28,53027,910
Nov27,48928,41527,745
Dec27,48928,38527,745
Jan28,22928,52527,985
Feb28,28928,54527,895
Mar28,28928,44027,925
Apr27,98928,09028,105
May28,00128,01128,079
Jun28,01128,01128,119
Jul27,97128,05628,154
Aug27,89227,76228,063
Sep27,58228,068
Oct27,963
Nov27,50227,873
Dec27,47627,838
Jan27,58627,803
Feb27,59227,805
Mar27,59227,805
Apr27,59227,805

How each calendar year's production estimate evolved across successive WASDE reports, aligned on the first projection in May of the prior year. Red = current (2026). A break in a line is a WASDE that was not published — there is no October 2025 report.

Pork US production revision since first projection
Report month202620252024
May+0+0+0
Jun+0+0+0
Jul+110+150-15
Aug+10+150-15
Sep+10+105-15
Oct+115+545
Nov-895+0+380
Dec-895-30+380
Jan-155+110+620
Feb-95+130+530
Mar-95+25+560
Apr-395-325+740
May-383-404+714
Jun-373-404+754
Jul-413-359+789
Aug-492-653+698
Sep-833+703
Oct+598
Nov-913+508
Dec-939+473
Jan-829+438
Feb-823+440
Mar-823+440
Apr-823+440

The same vintages rebased to each year's own first projection, so every line starts at zero and years compare directly regardless of herd size. Above the line USDA has raised production since May; below, cut it.

Attribute 2026 (current) 2025 (prior yr) MoM revision
Production27,892 M lbs27,593 M lbs▼ -79
Imports1,174 M lbs1,117 M lbs▲ +1
Total Supply29,496 M lbs29,145 M lbs▼ -78
Total Use21,875 M lbs21,744 M lbs▼ -37
Exports7,175 M lbs6,972 M lbs▼ -62
Per Capita50 lbs49 lbs
Ending Stocks445 M lbs430 M lbs▲ +20
Broiler (Chicken)
Largest single protein by volume — per capita demand trending higher
Production 2026
49,092 M lbs
+1,599 vs 2025 (+3.4%)
95th pct
Per Capita 2026
106.8 lbs
vs normal: 95th pct
95th pct
Imports 2026
134 M lbs
competition from abroad
Exports 2026
6,593 M lbs
demand from global buyers
Broiler (Chicken) US production by WASDE vintage
Report month202620252024
May47,58547,04147,308
Jun47,58547,04147,308
Jul47,58546,99247,308
Aug47,63546,99246,962
Sep47,78347,16546,804
Oct47,31346,606
Nov47,85747,33846,151
Dec48,03147,41246,126
Jan48,08047,11546,176
Feb47,98147,11546,275
Mar48,17947,19046,373
Apr48,37747,26446,596
May48,62047,00346,304
Jun48,84847,07146,364
Jul49,02247,18046,279
Aug49,09247,25146,374
Sep47,41246,605
Oct46,580
Nov47,45246,679
Dec47,57146,682
Jan47,53246,484
Feb47,49046,485
Mar47,49346,491
Apr47,49346,491

How each calendar year's production estimate evolved across successive WASDE reports, aligned on the first projection in May of the prior year. Red = current (2026). A break in a line is a WASDE that was not published — there is no October 2025 report.

Broiler (Chicken) US production revision since first projection
Report month202620252024
May+0+0+0
Jun+0+0+0
Jul+0-49+0
Aug+50-49-346
Sep+198+124-504
Oct+272-702
Nov+272+297-1,157
Dec+446+371-1,182
Jan+495+74-1,132
Feb+396+74-1,033
Mar+594+149-935
Apr+792+223-712
May+1,035-38-1,004
Jun+1,263+30-944
Jul+1,437+139-1,029
Aug+1,507+210-934
Sep+371-703
Oct-728
Nov+411-629
Dec+530-626
Jan+491-824
Feb+449-823
Mar+452-817
Apr+452-817

The same vintages rebased to each year's own first projection, so every line starts at zero and years compare directly regardless of herd size. Above the line USDA has raised production since May; below, cut it.

Attribute 2026 (current) 2025 (prior yr) MoM revision
Production49,092 M lbs47,493 M lbs▲ +70
Imports134 M lbs152 M lbs▼ -1
Total Supply50,013 M lbs48,406 M lbs▲ +71
Total Use42,629 M lbs40,955 M lbs▲ +76
Exports6,593 M lbs6,665 M lbs▼ -6
Per Capita107 lbs103 lbs
Ending Stocks790 M lbs786 M lbs
Turkey
Seasonal demand concentrated in Q4 — avian influenza risk key supply variable
Production 2026
5,100 M lbs
+256 vs 2025 (+5.3%)
10th pct
Per Capita 2026
13.7 lbs
vs normal: 10th pct
10th pct
Imports 2026
37 M lbs
competition from abroad
Exports 2026
426 M lbs
demand from global buyers
Turkey US production by WASDE vintage
Report month202620252024
May5,0405,3205,640
Jun5,0805,3205,640
Jul5,0805,2805,640
Aug5,1205,1755,650
Sep5,0405,1755,650
Oct5,1655,640
Nov5,0205,1655,595
Dec4,9555,1455,510
Jan4,9755,1005,470
Feb4,9654,9705,395
Mar4,9304,9255,370
Apr4,9554,8905,375
May5,0554,8625,214
Jun5,0364,8065,234
Jul5,0564,7965,214
Aug5,1004,7915,115
Sep4,8375,130
Oct5,110
Nov4,8075,122
Dec4,8225,147
Jan4,8325,117
Feb4,8445,121
Mar4,8445,121
Apr4,8445,121

How each calendar year's production estimate evolved across successive WASDE reports, aligned on the first projection in May of the prior year. Red = current (2026). A break in a line is a WASDE that was not published — there is no October 2025 report.

Turkey US production revision since first projection
Report month202620252024
May+0+0+0
Jun+40+0+0
Jul+40-40+0
Aug+80-145+10
Sep+0-145+10
Oct-155+0
Nov-20-155-45
Dec-85-175-130
Jan-65-220-170
Feb-75-350-245
Mar-110-395-270
Apr-85-430-265
May+15-458-426
Jun-4-514-406
Jul+16-524-426
Aug+60-529-525
Sep-483-510
Oct-530
Nov-513-518
Dec-498-493
Jan-488-523
Feb-476-519
Mar-476-519
Apr-476-519

The same vintages rebased to each year's own first projection, so every line starts at zero and years compare directly regardless of herd size. Above the line USDA has raised production since May; below, cut it.

Attribute 2026 (current) 2025 (prior yr) MoM revision
Production5,100 M lbs4,844 M lbs▲ +44
Imports37 M lbs38 M lbs▲ +1
Total Supply5,312 M lbs5,101 M lbs▲ +46
Total Use4,686 M lbs4,507 M lbs▲ +28
Exports426 M lbs420 M lbs▲ +2
Per Capita14 lbs13 lbs
Ending Stocks200 M lbs175 M lbs▲ +15