Blog Post

The ground beef market gets squeezed

Total beef production in the U.S. is down 5.2 percent year over year through the first three quarters of the year. Nonfed beef production includes beef from cows and bulls and makes up an average of 16 – 17 percent of total beef production over time. Nonfed beef production has averaged 16.5 percent of total beef production thus far in 2023 and is down 6.1 percent for the year to date. 

Through the end of September, total cow slaughter is down 5.4 percent with a 4.4 percent increase in dairy cow slaughter partially offsetting a 13 percent year over year decline in beef cow slaughter. …

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