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USDA Releases Livestock, Dairy and Poultry Outlook; Projects Pork Will Outstrip Beef Production

Tuesday, July 21, 2015

(North American Meat Institute)

USDA's Economic Research Service (ERS) released estimates of second-quarter total red meat and poultry production. The report finds that for the first time since 1950, the industry will produce more pork than beef in 2015. USDA forecasts this year's commercial beef production will total 23.824 billion pounds, down 185 million pounds from its June estimates, whereas commercial pork production is set to reach 24.581 million pounds. ERS projections for total red meat and poultry production fell below earlier prediction because lower beef and turkey production will likely offset gains from higher broiler and pork production. ERS data reveals that decreased beef cow slaughter results from both low cow inventories and improved pasture conditions across the U.S. Meanwhile, pork production has been higher than beef production in both the first and second quarters, with prices under pressure as litter size and overall hog inventories have rebounded. The report indicates that the outbreak of Highly Pathogenic Avian Influenza (HPAI) reduced turkey production, while broiler production has remained unaffected because the number of birds slaughtered and weights have been higher. Overall, the U.S. is expected to produce 1.8 percent less beef compared to 2014, but 7.6 percent more pork and five percent more broilers. To read the report, click here .

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