In its livestock market update for the second half of 2024, the American Farm Bureau Federation said the combination of tight cattle supplies and strong beef demand will keep cattle prices strong through this year and likely through 2025. Hog producers are recovering from last year’s losses, but a larger pig crop and slightly higher-than-expected weights will be a hurdle for the rest of this year. The poultry sector continues to face uncertainty due to highly pathogenic avian influenza.
