Forecast: Beef Meat Production in the US

Beef meat production in the US has shown fluctuating trends from 2013 to 2023, standing at 12.519 million metric tons in 2023. Notably, there was a significant dip of 7.87% in 2015, followed by a recovery phase with a 7.89% increase in 2021. Over the past five years, the average annual growth rate (CAGR) was 0.49%. Forecasts indicate a moderate growth trend, with production expected to rise to 12.836 million metric tons by 2028, reflecting a 5-year CAGR of 0.37%.

Future trends to watch for include:

  • Advancements in beef production technology.
  • Changes in consumer demand for beef products.
  • Impact of environmental regulations and sustainability practices on beef production levels.
  • Volatility in feed prices and their influence on production costs.

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