As inventories and slaughter weights climb, commercial beef production grows by 11.3 percent over the projection period with cattle prices declining by 20 percent or more.
Excerpt from the USDA Agricultural Projections to 2033
"Nominal prices for all animals and animal products initially come down from recent record or near record levels in 2022, 2023, or 2024. Most prices decline during the majority of the projection period with the exception of eggs, milk, and broilers."
"Cattle prices decline through the middle part of the projection period before beginning to climb. Broiler farm prices increase by 3.5 percent while hog prices decline almost continuously. Cattle and steer prices and hog prices decline by 20 percent or more over the projections. With cattle prices still projected strong in 2025 and the following several years, and inventories beginning to rebuild, beef production does not exceed 2022 levels until 2030. As inventories and slaughter weights climb, commercial beef production grows by 11.3 percent over the projection period."
