According to USDA Agricultural Projections to 2026, the U.S. livestock sector is projected to grow over the next 10 years. Feed costs play a large role. While the cattle-feed-price ratio is expected to decline over the projection period, suggesting lower returns to production, broiler and hog feed price ratios trend upward. The demand for meats and dairy products in both domestic and international markets is expected to remain strong and, as a result, production of all three increases over the projection period.
Higher hog-feed-price ratios relative to the previous 10 years create greater incentives to increase farrowings and continue the upward trend in pork production, with pork production expected to grow the fastest of the three major meats at 1.3 percent per year. As with beef, increased slaughter weights contribute to the increase in pork production. Pork and beef production begin at almost the same level of production in 2016. By 2026, pork is expected to slightly edge beef production with 28.5 billion pounds of production.
U.S. red meat and poultry exports are projected to rise over the next 10 years as steady global economic growth, particularly in emerging and developing economies, supports foreign demand.
Production efficiency gains in the hog sector continue to enhance the sector’s international competitiveness. The United States will maintain its position as second largest exporter of pork, behind the EU, while exporting close to twice th at of the third largest exporter, Canada. Over the next decade, the EU is expected to increase its market share, growing from almost 35 percent of the global export market to over 38 percent, while the U.S. and Canadian shares drop slightly.
February 2017/ ERS_USDA/ United States.