In 2023, the female slaughter rate (FSR) in the United States is 51.5%, suggesting that the US cattle herd is still destocking. At the same time, overall slaughter in the US is down 28% for the year-to-date, as overall female slaughter has declined at roughly the same rate as bull and steer slaughter. This means that while production in the United States has dropped, it will likely continue falling for the next several years. Parts of the US remain in drought or have not received enough rain to begin repairing pasture, and high cattle prices are incentivising producers to sell cattle to repair balance sheets after several years of relatively low prices.

https://www.miragenews.com/us-cattle-herd-begins-to-shift-1076082/

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