Want the weekly note?
A short read on whatever report just landed and what it changes, in your inbox.
Monthly supply & demand balance sheets · May 2026
WASDE is USDA's monthly balance sheet for every major crop - how much was grown, how much is getting used, and what's left over at the end of the year. Carryout is the number the trade prices off, and the revision from last month usually matters more than the level itself.
USDA's May 2026 WASDE projects 2027 meats ending stocks at 550, below the prior year. Production is pegged at 25,378.
| Item | 2025 | 2026 Proj.Apr | 2026 Proj.May | 2027 Proj.Apr | 2027 Proj.May |
|---|---|---|---|---|---|
| Beginning stocks· Beef | 602 | 577 | 577 | NA | 560 |
| Beginning stocks· Pork | 435 | 430 | 430 | NA | 435 |
| Beginning stocks· Total Red Meat | 1,058 | 1,024 | 1,024 | NA | 1,012 |
| Beginning stocks· Broiler | 761 | 786 | 786 | NA | 785 |
| Beginning stocks· Turkey | 219 | 175 | 175 | NA | 185 |
| Beginning stocks· Total Poultry | 985 | 973 | 973 | NA | 982 |
| Beginning stocks· Red Meat & Poultry | 2,043 | 1,997 | 1,997 | NA | 1,994 |
| Production· Beef | 26,071 | 25,857 | 25,616 | NA | 25,378 |
| Production· Pork | 27,593 | 27,989 | 28,001 | NA | 28,271 |
| Production· Total Red Meat | 53,833 | 54,012 | 53,779 | NA | 53,812 |
| Production· Broiler | 47,493 | 48,377 | 48,620 | NA | 49,069 |
| Production· Turkey | 4,844 | 4,955 | 5,055 | NA | 5,140 |
| Production· Total Poultry | 52,845 | 53,876 | 54,225 | NA | 54,764 |
| Production· Red Meat & Poultry | 106,679 | 107,888 | 108,003 | NA | 108,576 |
| Imports· Beef | 5,471 | 5,790 | 6,109 | NA | 6,000 |
| Imports· Pork | 1,116 | 1,150 | 1,138 | NA | 1,175 |
| Imports· Total Red Meat | 6,959 | 7,327 | 7,637 | NA | 7,570 |
| Imports· Broiler | 152 | 131 | 141 | NA | 132 |
| Imports· Turkey | 38 | 40 | 36 | NA | 36 |
| Imports· Total Poultry | 193 | 173 | 178 | NA | 170 |
| Imports· Red Meat & Poultry | 7,152 | 7,500 | 7,815 | NA | 7,740 |
| Total Supply· Beef(Million) | 32,143 | 32,223 | 32,301 | NA | 31,938 |
| Total Supply· Pork(Million) | 29,145 | 29,569 | 29,569 | NA | 29,881 |
| Total Supply· Total Red Meat(Million) | 61,850 | 62,363 | 62,440 | NA | 62,395 |
| Total Supply· Broiler(Million) | 48,406 | 49,294 | 49,547 | NA | 49,986 |
| Total Supply· Turkey(Million) | 5,101 | 5,170 | 5,265 | NA | 5,361 |
| Total Supply· Total Poultry(Million) | 54,023 | 55,022 | 55,375 | NA | 55,916 |
| Total Supply· Red Meat & Poultry(Million) | 115,873 | 117,385 | 117,815 | NA | 118,310 |
| Exports· Beef(Pounds /4) | 2,577 | 2,365 | 2,361 | NA | 2,335 |
| Exports· Pork(Pounds /4) | 6,970 | 7,200 | 7,232 | NA | 7,330 |
| Exports· Total Red Meat(Pounds /4) | 9,554 | 9,572 | 9,601 | NA | 9,672 |
| Exports· Broiler(Pounds /4) | 6,672 | 6,595 | 6,599 | NA | 6,575 |
| Exports· Turkey(Pounds /4) | 425 | 430 | 429 | NA | 415 |
| Exports· Total Poultry(Pounds /4) | 7,143 | 7,077 | 7,070 | NA | 7,034 |
| Exports· Red Meat & Poultry(Pounds /4) | 16,697 | 16,649 | 16,671 | NA | 16,706 |
| Ending Stocks· Beef | 577 | 550 | 560 | NA | 550 |
| Ending Stocks· Pork | 430 | 430 | 435 | NA | 440 |
| Ending Stocks· Total Red Meat | 1,024 | 997 | 1,012 | NA | 1,008 |
| Ending Stocks· Broiler | 786 | 785 | 785 | NA | 790 |
| Ending Stocks· Turkey | 175 | 185 | 185 | NA | 190 |
| Ending Stocks· Total Poultry | 973 | 979 | 981 | NA | 991 |
| Ending Stocks· Red Meat & Poultry | 1,997 | 1,976 | 1,993 | NA | 1,999 |
| Total Use· Beef | 28,990 | 29,308 | 29,380 | NA | 29,053 |
| Total Use· Pork | 21,745 | 21,939 | 21,902 | NA | 22,111 |
| Total Use· Total Red Meat | 51,273 | 51,794 | 51,827 | NA | 51,714 |
| Total Use· Broiler | 40,948 | 41,914 | 42,163 | NA | 42,621 |
| Total Use· Turkey | 4,501 | 4,555 | 4,652 | NA | 4,756 |
| Total Use· Total Poultry | 45,907 | 46,966 | 47,324 | NA | 47,891 |
| Total Use· Red Meat & Poultry | 97,180 | 98,760 | 99,151 | NA | 99,605 |
| Per Capita 2/· Beef | 59.3 | 59.8 | 60.0 | NA | 59.2 |
| Per Capita 2/· Pork | 49.3 | 49.6 | 49.6 | NA | 49.9 |
| Per Capita 2/· Total Red Meat | 110.1 | 110.9 | 110.9 | NA | 110.5 |
| Per Capita 2/· Broiler | 102.9 | 105.0 | 105.6 | NA | 106.5 |
| Per Capita 2/· Turkey | 13.2 | 13.3 | 13.6 | NA | 13.8 |
| Per Capita 2/· Total Poultry | 117.4 | 119.7 | 120.7 | NA | 121.9 |
| Per Capita 2/· Red Meat & Poultry | 227.5 | 230.6 | 231.6 | NA | 232.4 |
Source: USDA Office of the Chief Economist - WASDE. Updated monthly. ▲▼ marks the change vs the prior report.
We self-host each published file as it’s ingested. None archived yet - browse the official source meanwhile:
View at USDA WAOB