A protein analyst says tighter beef supplies on the global market could push prices higher for producers.
Lance Zimmerman with RaboBank North America says the US will lose about 1.5 billion pounds of beef production in 2023. “It will be our first year-over-year decline in beef production of any significant magnitude since the previous cattle cycle when we began the rebuild.”
He tells Brownfield even with the decline, the US will still be the top producer.
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