USA: Meat production estimates mostly up on month

Published 2023년 3월 8일

Tridge summary

The USDA has revised its 2023 production forecasts, showing an increase in red meat and poultry production with the growth in beef, broilers, and turkey offsetting a decrease in pork. Beef production is anticipated to reach 26.665 billion pounds, pork at 27.410 billion pounds (a decrease of 35 million), broiler production at 46.75 billion pounds (an increase of 50 million), and turkey production at 5.585 billion pounds (an increase of 25 million). These projections, which include changes in prices and market statistics, will be updated on April 11th.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA has increased its outlooks for 2023 red meat and poultry production, with gains in beef, broilers, and turkey canceling out a cut in pork.Beef is seen at 26.665 billion pounds, up 170 million from February on higher slaughter estimates and larger placements into feedlots, with an average steer price of $162 per hundredweight, up $3, and higher consumption, along with steady imports and exports.Pork is estimated at 27.410 billion pounds, down 35 million because of lighter carcass weights, with an average barrow and gilt price of $66 per hundredweight, $.50 lower, and no changes to imports, exports, or consumption.Broiler production is expected to be 46.75 billion pounds, 50 million higher due to hatchery and slaughter data, with an average price of $1.27 per pound, up $.50, and steady imports, exports, and consumption.Turkey is ...

Source: Brownfield Ag