Livestock, Dairy, and Poultry Outlook: December 2022

The December ERS outlook raised fourth‑quarter 2022 beef production by 70 million lb because slaughter and carcass weights were higher than expected. The Nov. 1 feedlot inventory was 11.706 million head (2% below a year earlier), and October net placements were 2.054 million head, the lowest since the series began in 1996. Marketings were 1.802 million head. About 69% of the U.S. cattle herd was located in areas experiencing drought.

Reader context

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