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Domestic beef production is a major driver of beef trade surplus or deficit

  • Agricultural Baseline
Line chart showing total beef production in billions of pounds and trade surplus or deficit from 2000 to 2034 in billions of pounds.

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Producers decide whether to expand or sell their livestock herds or flocks based on market prices for cattle, hogs, and chickens. Pricing and the resulting production decisions determine livestock cycles, with different outcomes for the different types of animals.

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