The forecast for total red meat and poultry production for 2016 is reduced from last month as slightly higher beef and pork production is more than offset by lower broiler production. No change is made to turkey production. Beef production is raised on higher expected slaughter although carcass weights are reduced slightly. Pork production for 2016 is raised on the pace of third quarter slaughter. Broiler production is lowered as recent production data points towards continued slow growth in bird weights. For 2017, the total red meat and poultry product forecast was raised, primarily due to higher pork production. Beef production is raised based on expectations. Read more...
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