Beef Balance Sheet (This Year vs. Next Year)

Total beef supply (production + imports) in 2024 is projected at 30.373 billion pounds, down 1.014 billion pounds from 2023.

Beef Balance Sheet  (This Year vs. Next Year)

Beginning beef stocks in 2024 are projected at 615 million pounds, down 108 million pounds from 2023.

Beef production in 2024 is projected at 26.058 billion pounds, down 942 million pounds from 2023.

Beef imports in 2024 are projected at 3.7 billion pounds, up 37 million pounds from 2023.

Total beef supply (production + imports) in 2024 is projected at 30.373 billion pounds, down 1.014 billion pounds from 2023.

Beef exports in 2024 are projected 2.845 billion pounds, down 185 million pounds from 2023.

Ending beef stocks in 2024 are projected at 560 million pounds, down 55 million pounds from 2023.

Beef consumption in 2024 is projected at 26.968 billion pounds, down 774 million pounds from 2023.

Beef consumption per capita in 2024 is projected at 56.0 pounds, down 1.9 pounds from 2023.