What does the future of the U.S. supply hold?

What does the future of the U.S. supply hold?

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RaboBank expects the tipping point to be reached in 2023. US production should fall by 3% in 2023, with additional annual declines of 2% to 5% possible into 2026. US retailers and restaurants have kept meat case prices elevated over the past year. Supply disruptions pushed retail prices to a record-high USD 7.55/lb in October 2021.

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SOURCE: Farmer & Cowboy Magazine – beef

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Originally posted 2024-06-26 00:00:00.