In the August WASDE report, beef production was revised upwards, with an decline in production next year. Hog production was reported down, and next year’s production unchanged. Poultry production had mixed reports.

The release sent cattle prices lower going into the weekend.

Photo: John P. Kelly/Getty Images

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, farm broadcaster and host of This Week in Agribusiness.