Production Decline: U.S. will remain a top global beef producer despite lower production

The U.S. could lose roughly 1.5 billion pounds of beef production this year. Analysts say it could push prices higher for producers.

Rabobank says this will be the first significant year-over-year decline in beef production since the previous cycle of liquidation due to drought and high grain prices. Friday’s Cattle on Feed report shows placements were down 8 percent on the year. Even with the decline, Rabobank says the U.S. will still be the top global producer.

Growth in places like Australia, Brazil, and Mexico will not be enough to offset the decline here in the U.S., but that means U.S. exports could decline and imports could increase to meet demand.

Agriculture Shows
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.
How do you narrow down the best-of-the-best “Texas Country Reporter” episodes across 50 seasons and hundreds of episodes? We didn’t know where to start! Instead, we turned to the expert—TCR host Bob Phillips himself—for help with this special collection of episodes, “TCR Classics: Bob’s Picks.”
Journey into lives of two hard-working farm families to see the risks, rewards, and funny shenanigans that take place every day. From cat-fishing and watermelon smashing and pig chasing and go-cart racing—there is never a dull moment on these family farms. We’ll also get a modern look at the newest cutting-edge farming techniques that are revolutionizing the industry and providing a greener and more sustainable way to grow.
Honest conversation about agriculture’s biggest issues: technology, policy, labor, etc. Nothing is off-limits.