Beef Balance Sheet (This Year vs. Next Year)

Total beef supply (production + imports) in 2023 is projected at 29.893 billion pounds, down 2.238 billion pounds from 2022.

Beef Balance Sheet:  Supply projected down 2.2 billion pounds in 2023

Beginning beef stocks in 2023 are projected at 675 million pounds, down 1 million pounds from 2022.

Beef production in 2023 is projected at 26.018 billion pounds, down 1.892 billion pounds from 2022.

Beef imports in 2023 are projected at 3.2 billion pounds, down 345 million pounds from 2022.

Total beef supply (production + imports) in 2023 is projected at 29.893 billion pounds, down 2.238 billion pounds from 2022.

Beef exports in 2023 are projected 2.93 billion pounds, down 426 million pounds from 2022.

Ending beef stocks in 2023 are projected at 640 million pounds, down 35 million pounds from 2022.

Beef consumption in 2023 is projected at 26.323 billion pounds, 1.777 billion pounds from 2022.

Beef consumption per capita in 2023 is projected at 55.1 pounds, down 3.9 pounds from 2022.