The U.S. hit “peak meat” production in 2022 totaling 107 billion pounds, a record for meat production that includes beef, pork, chicken, turkey, lamb, and veal. Even though there are cycles in beef production and seasonal patterns in demand and supply, meat production has trended upward over the long-term. However, meat production should decline in 2023 and again in 2024 due mostly to supply challenges.
Record meat production last year was driven by increases in beef and chicken production while pork and turkey declined. The beef production increase was due to reduced…
