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USDA Report: Beef Supply Tightens Amid Geopolitical Tensions

3/12/2026

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Story summary
  • In March 2026, the United States Department of Agriculture's World Agricultural Supply and Demand Estimates (WASDE) Report shows tighter beef supplies, steady pork production, and rising dairy production.
  • Beef production is forecast to decline due to slower slaughter rates.
  • Geopolitical tensions, notably with Iran, create uncertainty in agricultural markets and prompt some investors to withdraw from commodities.