Will China Meeting Open Doors to U.S. Beef?

Article on U.S. Cattle Report

The May WASDE report provided the first official look at 2027 steer price projections, and USDA is forecasting prices even higher than the record levels expected in 2026 and the record prices seen in 2025. USDA projected the 2027 steer price at $254 per hundredweight, compared to the 2026 projection of $249.66 and the 2025 annual average of $224.37. That puts 2027 prices $4.34 higher than the projected 2026 record average, an increase of 1.7%. Compared to 2025, the 2027 projection is $29.63 higher, representing a 13.2% increase. USDA also raised its 2026 projection sharply from $241.66 in the April report to $249.66 in the May update due to tighter expected cattle supplies and stronger recent cash market data.+

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