(NAFB.com) – The USDA’s beef production outlook is noticeably higher from September. Third- and fourth-quarter 2024 production is forecast to be higher than last month, raising the annual forecast to 27 billion pounds, just above 2023 production. U.S. dairy milk production is expected to decline in 2024 due to lower yields from aging cows, adverse weather, and limited replacements. Imports are expected to increase while exports remain mostly stable. Projected broiler production is adjusted down slightly in 2024 on recent slaughter data but revised upward in 2025 on favorable hatchery indicators and feed prices. Projected broiler exports were adjusted down in 2024 and 2025 on recent data and strong global competition. Wholesale broiler price expectations are higher based on recent price data and strong demand expectations. Projected turkey exports in 2024 were also adjusted down slightly. Projected turkey prices were adjusted down for the fourth quarter of 2024 and in 2025 based on weaker demand.