Beef manufacturing decreased to about 7.1 billion kilos
20 November 2023
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Fourth-quarter red meat manufacturing is decreased to about 7.1 billion kilos, in line with assumptions of persisted year-over-year decrease reasonable dressed weights, consistent with probably the most contemporary USDA Cattle, Dairy, and Poultry Outlook file.
Fourth-quarter hog costs are decreased on susceptible red meat call for relative to ok hog provides. Costs are anticipated to reasonable $55 in keeping with hundredweight, greater than 13% underneath costs a yr in the past.
General 2023 red meat manufacturing is anticipated to be 27.2 billion kilos, about 1% above 2022 manufacturing.
September red meat exports had been fractionally less than a yr in the past on susceptible Asian call for.
Exports for 2023 will have to overall 6.7 billion kilos, greater than 6% more than shipments in 2022.