USDA trims 2023 pork and broiler production outlooks in the US

Published 2023년 2월 8일

Tridge summary

The USDA has revised its 2023 production estimates for meat, reducing pork and broiler production projections while leaving beef and turkey estimates unchanged. Beef production is now expected to reach 26.495 billion pounds, an increase of 50 million from January. Pork production, however, is projected to decrease by 45 million to 27.435 billion pounds due to lighter carcass weights in the first half of the year. Broiler production is now estimated at 46.7 billion pounds, a decrease of 200 million. Turkeys, on the other hand, are expected to weigh in at 5.56 billion pounds, with no changes to the previous projections. These projections will be updated on March 8th.

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

Original content

The USDA lowered 2023 pork and broiler production estimates while raising beef and leaving turkey unchanged.Beef production is expected to be 26.495 billion pounds, 50 million more than in January on a higher first quarter slaughter guess against lower carcass weights, with an average steer price of $159 per hundredweight, up $.50, and higher imports with steady exports and consumption.Pork is pegged at 27.435 billion pounds, 45 million less than last month on lighter carcass weights in the first half of the year, with an average barrow and gilt price of $66.50 per hundredweight, down $1.50, slightly lower consumption, and steady imports and exports.Broilers are seen at 46.7 billion pounds, a decline of 200 million due to hatchery and slaughter data, with an average price of $1.265 per pound, $.02 lower, and drops for consumption ...

Source: Brownfield Ag