The USDA projects a nearly 5 percent drop in US beef production in 2026
Last week, the first forecasts for the beef market for 2026 were released.
The report revised the production estimate for 2025 downward, falling 2.1% year-over-year compared to the 1% drop projected in April.
Meanwhile, the import projection for 2025 was raised, growing 9.4% compared to 2024.
The USDA forecasts that exports will fall 11.3% in 2025 and an additional 6.3% in 2026.
Domestic per capita beef consumption in 2026 will fall to 56.4 pounds, compared to 59.1 pounds at the close of this year.
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