The forecast for beef and veal meat weights in the US indicates a steady upward trend from 2024 through 2028, starting at 371.3 thousand metric tons in 2024 and reaching 378.7 thousand metric tons by 2028. In comparison, the figure in 2023 stood at a slightly lower total. The year-on-year percentage increase averages around 0.8% annually. Looking over a five-year period, from 2024 to 2028, the compound annual growth rate (CAGR) shows a consistent upward trajectory.
Future trends to watch for include potential impacts from shifts in consumer preferences towards alternative proteins, changes in export demand, and any regulatory developments affecting the meat industry. Monitoring these factors will be crucial for understanding how they might influence production levels and market dynamics moving forward.
