USDA slightly reduced its projections for red meat and poultry production in 2018. The forecast is slightly lower than last month, primarily due to a drop in beef production, which will more than offset increased pork and turkey production. The latest World Ag Supply and Demand Estimates Report says broiler production remains unchanged. USDA sees lower cattle slaughter and weights, …
Red Meat Production Sets December Record
American red meat production totaled 4.40 billion pounds in December of 2017, up slightly from December of the previous year. For the calendar year 2017, commercial red meat production was 52 billion pounds. That was three percent higher than the previous year. Additional packing capacity helped make 2017 a very good year for pork producers. Large export demand at home …
Beef and Pork Production Hit Record High Numbers
The U.S. Department of Agriculture says domestic red meat, beef, and pork production all hit new monthly highs in November. In fact, for the first 11 months of 2017, red meat production is three percent ahead of last year’s record pace, totaling 47.571 billion pounds so far this year. Year-to-year beef production is four percent higher and pork production is …