A question was asked this week concerning beef supply and demand in 2023, which is an appropriate question given the reduced cattle inventory.
It seems certain domestic supply of beef will decline in 2023 relative to 2022, because there should be fewer animals making their way through the fed cattle system and a reduction in non-fed slaughter. However, feedlots will likely attempt to support domestic supply by feeding cattle longer and harvesting cattle at heavier weights. It is unlikely heavier weights will make up for the reduced slaughter, which means the market is likely to see an increase in the quantity of beef imported.
Source: osu.edu
Categories: Ohio, Business, Livestock, Beef Cattle