– Josh Maples, Assistant Professor & Extension Economist, Department of Agricultural Economics, Mississippi State University
The latest USDA WASDE report included estimates for beef production in 2024 and 2025. Beef production in 2024 has been significantly higher than many expected coming into the year. 2024 beef production is expected to be lower than 2023, but not as low as was expected.
USDA releases forecasts for beef production each month and have been revising forecasts higher throughout 2024 as cattle supplies and weights are reported. It was estimated last fall that 2024 beef production would be 5 or 6 percent below 2023 totals. But the most recent USDA estimate is Continue reading 2024 and 2025 Beef Production