A query was requested this week regarding beef provide and demand in 2023, which is an acceptable query given the lowered cattle stock.
It appears sure home provide of beef will decline in 2023 relative to 2022, as a result of there ought to be fewer animals making their method by the fed cattle system and a discount in non-fed slaughter.
Nonetheless, feedlots will seemingly try and assist home provide by feeding cattle longer and harvesting cattle at heavier weights. It’s unlikely heavier weights will make up for the lowered slaughter, which implies the market is more likely to see a rise within the amount of beef imported.
The demand aspect is rather less sure. Customers have been resilient with beef demand by this era of inflation and better rates of interest. How for much longer they’ll stay resilient might the most important query for the business to reply. With provides anticipated to say no, there’s a good likelihood beef costs will push increased, however it’s unknown if it is going to be excessive sufficient to mood beef demand.
Supply: College of Tennessee
