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Decrease in November red meat output

According to the USDA, red meat output fell marginally in November compared to the previous year.

Total beef output fell 6% to 2.28 billion pounds, as increased slaughter more than offset larger dressed weights.

Pork output climbed by 2% to 2.39 billion pounds, while total slaughter increased by 2%.

From January to November 2023, red meat output is down 2% from 2022, owing mostly to a 5% drop in cumulative beef production.

Beef cow slaughter was practically identical compared to the previous year, indicating that liquidation has accelerated later in 2023 (the nominal drop in beef cow slaughter is also due to a smaller herd).

According to the USDA, the November dairy cow slaughter was 229,700 head, a decrease of 13,200 from October and 21,200 from November 2022.

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