Source:  Rita Jane Gabbett, MEATINGPLACE.COM, 8/12/10

USDA slightly reduced its U.S. meat production forecasts for 2010 and 2011 from a month ago, but left price forecasts largely unchanged in its latest World Agricultural Supply and Demand Estimates report.
Beef production for 2010 was reduced on slightly lower estimated second quarter output and expected lighter average carcass weights in the third quarter that more than offset slightly higher slaughter.

For 2011, beef production is unchanged but is shifted between quarters as more cattle are expected to be marketed in the first part of the year. Beef imports were raised for 2010 based on the current pace of imports and weakening domestic cow slaughter.

Pork production in late 2010 and 2011 was reduced on lower expected imports of live swine from Canada.
Broiler meat and turkey production for 2010 reflected slightly higher estimated second quarter production. USDA left expected poultry meat production for the remainder of 2010 and 2011 unchanged. Cattle, hog, and poultry prices are little changed from last month.

USDA raised its export forecasts for beef, pork, and broilers, partly reflecting strong recent shipments. Stronger demand from a number of markets is expected to support higher exports through the remainder of this year and into next year.

To view the entire report, click here. 

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