The forecast for veal and beef production at the farm gate in the US demonstrates modest year-on-year growth, with values increasing from 50.36 billion USD in 2024 to 51.71 billion USD by 2028. This equates to an average annual growth rate (CAGR) over the five-year period, reflecting a steadily rising trend. The actual data for 2023 stood at approximately 50.1 billion USD, indicating a consistent upward movement in the forecast years. The key takeaway is a stable but gradual increase in production value.
Future trends to watch include:
- Impact of feed costs and crop yields on production.
- Changes in consumer preferences and domestic demand.
- Trade policies affecting meat export and import dynamics.
- Technological advancements in livestock management.
