--- title: August USDA Beef Supply Update description: The USDA is forecasting 2024 beef output to fall by its largest amount since 1979. image: https://media.licdn.com/dms/image/D4E12AQEXb9kfCkOUyg/article-inline_image-shrink_1500_2232/0/1692718486203?e=1698278400&v=beta&t=ruPM9anTyPUoGyrnjmV9DFRxIOfYb9TWBmiWCqi1x6g --- [Skip to content](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update#main-content) ![Datum Logo Stacked](https://datumfs.com/hs-fs/hubfs/Datum%20Logo%20Stacked.png?width=80&height=97&name=Datum%20Logo%20Stacked.png) - [David](https://datumfs.com/team) - [Commodity Sourcing & Risk Management](https://datumfs.com/commodity-research-and-forecasts) - [Resources](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) Show submenu for Resources - [Blog](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) - [Podcast](https://datumfs.com/commodity-kitchen-podcast) - [Collaboration](https://datumfs.com/datum-advisors-0) Open main navigation Close main navigation - [David](https://datumfs.com/team) - [Commodity Sourcing & Risk Management](https://datumfs.com/commodity-research-and-forecasts) - [Resources](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) Show submenu for Resources - [Blog](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) - [Podcast](https://datumfs.com/commodity-kitchen-podcast) - [Collaboration](https://datumfs.com/datum-advisors-0) - [Email us](mailto:david@datumfs.com) [Email us](mailto:david@datumfs.com) Aug 25, 2023 12:24:58 PM # August USDA Beef Supply Update ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update) [Twitter icon](https://twitter.com/intent/tweet?url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update) [envelope icon](mailto:?body=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update) Earlier this month the USDA updated their 2024 beef output forecasts. Readers might remember that due to the historically small cattle supply, beef output is expected to be especially tight next year. The good news is the USDA bumped their beef production forecast higher from July. However, output will still fall far short from 2023 and would be the lowest in nearly a decade. And if that wasn't enough, the near 7 percent decline in production next year would be the biggest drop since the Pittsburgh Steelers were on their way to winning their fourth Super Bowl in 1979 (Homer call....I know).   ![](https://media.licdn.com/dms/image/D4E12AQEXb9kfCkOUyg/article-inline_image-shrink_1500_2232/0/1692718486203?e=1698278400&v=beta&t=ruPM9anTyPUoGyrnjmV9DFRxIOfYb9TWBmiWCqi1x6g) Datum FS has forecasts for over 50 commodities comprising various beef, dairy, grains, pork and chicken markets. If you would like to learn more about a complimentary trial to the forecasts and commentary or about Datum FS services hit the home button above. Thanks for reading. [commodity markets](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/commodity-markets), [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [supply chain](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/supply-chain), [foodcosts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/foodcosts) ## Related posts [![](https://media.licdn.com/dms/image/D4E12AQHthHPrr92KXQ/article-inline_image-shrink_1500_2232/0/1686609482499?e=1692230400&v=beta&t=URxpmnQ6x9wrjpkWCunGArvqNeg4EEcWlR4nHocuKvI)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-updates-beef-supply-forecasts) [commodity markets](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/commodity-markets), [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [supply chain](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/supply-chain), [foodcosts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/foodcosts) ## [USDA updates beef supply forecasts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-updates-beef-supply-forecasts) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Jun 14, 2023 12:48:56 PM The USDA did update their 2023 and 2024 beef supply forecasts last week but generally the news is... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-updates-beef-supply-forecasts) [![](https://media.licdn.com/dms/image/v2/D4E12AQF57topdbQY1A/article-cover_image-shrink_720_1280/article-cover_image-shrink_720_1280/0/1738950541765?e=1744848000&v=beta&t=26m153yQjpS1O3TsA6gBmliJ_yw4bFUQ3dozvpTrZKA)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/beefed-up-burger-prices) [commodity markets](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/commodity-markets), [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [foodcosts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/foodcosts) ## [Beefed-Up Burger Prices](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/beefed-up-burger-prices) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Feb 11, 2025 1:26:41 PM The cost of beef trim to produce an 82% lean hamburger in January reached a record high for the... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/beefed-up-burger-prices) [![](https://media.licdn.com/dms/image/D5612AQEGclnM7pQchw/article-inline_image-shrink_1500_2232/0/1680703974209?e=1686182400&v=beta&t=pp__RRZro3l7fWN_mLsEzL3DViDkCtY_aZUbpHTHeOQ)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-suggests-big-crops-this-year) ## [USDA suggests big crops this year](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-suggests-big-crops-this-year) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Apr 6, 2023 10:40:31 AM How about some more good news? The USDA released their first farmer surveyed grain and oilseed... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/usda-suggests-big-crops-this-year) [linkedin-in icon](https://www.linkedin.com/in/davidmaloni/) --- [![](https://datumfs.com/hs-fs/hubfs/Datum%20Logo%20Long.png?width=960&height=418&name=Datum%20Logo%20Long.png)](https://datumfs.com) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "David Maloni", "url" : "https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni" }, "dateModified" : "2023-08-25T16:24:58.427Z", "datePublished" : "2023-08-25T16:24:58.000Z", "headline" : "August USDA Beef Supply Update", "image" : [ "https://media.licdn.com/dms/image/D4E12AQEXb9kfCkOUyg/article-inline_image-shrink_1500_2232/0/1692718486203?e=1698278400&v=beta&t=ruPM9anTyPUoGyrnjmV9DFRxIOfYb9TWBmiWCqi1x6g" ], "mainEntityOfPage" : { "@id" : "https://datumfs.com/en/maloni-intelligence-chart-of-the-week/august-usda-beef-supply-update", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://datumfs.com/hubfs/Datum%20Logo%20Long.png" }, "name" : "Datum FS" } } ```