USDA raised their forecast for U.S. red meat and poultry production slightly for 2013. The ag department’s World Agricultural Supply and Demand Estimate says higher pork and poultry production will more than offset lower beef production next year. Beef production will decline as the cattle herd is reduced in response to high feed prices this fall and into 2013. Hog farrowings are expected to decline over the period as well but the steady increase in pigs per litter will more than cover that.
Total red meat and poultry production in 2012 is projected to be 92 billion pounds. Beef production is pegged at 25.69 billion, pork at 23.3 billion, broilers at 36.3 billion and turkey at 5.9 billion pounds.
Total red meat and poultry production in 2013 is projected to be 90.29 billion pounds. Beef is estimated to be 24.7 billion pounds, pork 23 billion, broilers 36 billion and turkey 5.7 billion pounds next year.
Read the WASDE report here: